Principal U.S. Small-MidCap Multi-Factor Core Index ETF
ALTAR
Score™
9.8% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
11.8x P/Sales
ratio
0.9x
P/BV
ratio
1.5x Div.
yield
3.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Principal U.S. Small-MidCap Multi-Factor Core Index ETF tracks a multi-factor selected and weighted index of U.S. mid- and large-equities.

FUND BASICS
Category US Equities
Fund Sponsor The Principal Financial Group
Website www.principalfunds.com
Inception date Jul 23, 2019
Assets (mns) $7
Currency USD
Expense ratio 20 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Multi-Factor
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 610
Wgt avg mkt cap (mns) $5,027
Large cap (>$10bn) 10.4%
Mid cap ($2-10bn) 75.0%
Small cap (<$2bn) 14.5%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
DAVITA INC 0.9 %
UBIQUITI NETWORKS INC 0.8 %
TYLER TECHNOLOGIES INC 0.8 %
SAIC INC 0.7 %
CHEMED CORP 0.7 %
CABLE ONE INC 0.7 %
EPAM SYSTEMS INC 0.7 %
CABOT OIL & GAS CORP 0.7 %
MASIMO CORPORATION 0.7 %
BOOZ ALLEN HAMILTON HOLDINGS 0.7 %
Total 7.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 92.6 %
IRELAND 2.2 %
BERMUDA 1.3 %
BRITAIN 0.7 %
PUERTO RICO 0.2 %
NETHERLANDS 0.0 %





HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru January 01)
Year-to-date 1 year 5 years 10 years Since Incep.
-- -- -- -- 0.0%

Market Correlations
versus... Beta R-squared
S&P500 -- --
MSCI EAFE -- --
MSCI Emg. Mkts. -- --

Technical Indicators
Recent close $18.32
30d moving avg. $21.43
Annualized volatility 0.0%
Short interest (ETF) 0.0%
Relative strength (RSI) 33

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 2.11%
ADV underlying (mns) $26,178

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Principal U.S. Small-MidCap Multi-Factor Core Index ETF ETF based on the alternatives' overlap in portfolio holdings with PSM. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: PSM Expense: 20 bp ALTAR Score™: 9.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH PSM
Ticker Fund
Name
Overlap1
vs PSM
(%)
Expense
ratio
(bp)
Savings
vs PSM
(bp)
ALTAR
Score™
(%)
ALTAR
vs PSM
(%)
SCHM Schwab U.S. Mid-Cap ETF 42.2 4 16 8.6 -1.2
FSMD Fidelity Small-Mid Factor ETF 41.5 29 -9 9.5 -0.3
MDY SPDR S&P Midcap 400 ETF Trust 40.1 23 -3 8.5 -1.3
SPMD SPDR Portfolio Mid Cap ETF 40.0 5 15 8.7 -1.1
IJH iShares Core S&P Mid-Cap ETF 40.0 6 14 8.6 -1.1
IVOO Vanguard S&P Mid-Cap 400 ETF 39.9 10 10 8.6 -1.2
VB Vanguard Small-Cap ETF 38.1 5 15 7.7 -2.1
SFYX Sofi Next 500 ETF 38.0 0 20 7.7 -2.1
RNMC Mid Cap US Equity Select ETF 37.7 60 -40 9.4 -0.4
DON WisdomTree U.S. MidCap Dividend Fund 37.6 38 -18 10.4 +0.7
FNX First Trust Mid Cap Core AlphaDEX Fund 37.3 61 -41 9.5 -0.2
EZM WisdomTree U.S. MidCap Earnings Fund 36.9 38 -18 13.0 +3.2
VBR Vanguard Small Cap Value Index Fund 36.3 7 13 11.4 +1.6
EWMC Invesco S&P MidCap 400 Equal Weight ETF 35.3 40 -20 9.2 -0.5
PBSM Invesco PureBeta MSCI USA Small Cap ETF 34.8 6 14 7.5 -2.2
SMDY Syntax Stratified MidCap ETF 32.0 30 -10 8.7 -1.1
IJK iShares S&P Mid-Cap 400 Growth ETF 31.0 24 -4 6.3 -3.4
MDYG SPDR S&P 400 Mid Cap Growth ETF 31.0 15 5 6.4 -3.3
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 30.9 15 5 6.4 -3.4
AFMC First Trust Active Factor Mid Cap ETF 30.7 65 -45 9.1 -0.6
VXF Vanguard Extended Market Index Fund 30.7 7 13 5.6 -4.2
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 30.0 17 3 6.9 -2.9
SCHA Schwab U.S. Small-Cap ETF 29.5 4 16 7.1 -2.7
ONEV SPDR Russell 1000 Low Volatility Focus ETF 27.9 20 0 9.1 -0.7
IUSS Invesco Strategic US Small Company ETF 27.9 23 -3 8.4 -1.3
VBK Vanguard Small-Cap Growth Index Fund 27.5 7 13 3.7 -6.0
FNY First Trust Mid Cap Growth AlphaDEX Fund 27.4 70 -50 4.2 -5.5
TPLC Timothy Plan US Large Cap Core ETF 27.3 52 -32 7.1 -2.7
JHMM John Hancock Multifactor Mid Cap ETF 26.9 44 -24 7.9 -1.9
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 26.9 24 -4 8.0 -1.7
JHSC John Hancock Multifactor Small Cap ETF 26.8 50 -30 8.2 -1.6
RWK Invesco S&P MidCap 400 Revenue ETF 26.8 39 -19 11.1 +1.4
FNDA Schwab Fundamental U.S. Small Co. Index ETF 26.2 25 -5 9.1 -0.7
USVM VictoryShares USAA MSCI USA Small Cap Value Momentum ETF 26.0 24 -4 10.4 +0.7
ONEO SPDR Russell 1000 Momentum Focus ETF 24.4 20 0 9.0 -0.8
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 24.2 17 3 8.6 -1.1
SMMD iShares Russell 2500 ETF 24.2 15 5 7.7 -2.1
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 23.9 29 -9 8.8 -0.9
IWM iShares Russell 2000 ETF 23.1 19 1 5.3 -4.5
VTWO Vanguard Russell 2000 Index Fund 23.1 10 10 5.5 -4.3
FAD First Trust Multi Cap Growth AlphaDEX Fund 23.0 66 -46 4.0 -5.7
MDYV SPDR S&P 400 Mid Cap Value ETF 22.7 15 5 11.4 +1.7
IJJ iShares S&P Mid-Cap 400 Value ETF 22.6 25 -5 11.3 +1.6
SMMV iShares Edge MSCI Min Vol USA Small-Cap ETF 22.6 20 0 7.4 -2.4
IVOV Vanguard S&P Mid-Cap 400 Value ETF 22.5 15 5 11.5 +1.8
NUSC Nuveen ESG Small-Cap ETF 22.1 40 -20 7.2 -2.6
FNK First Trust Mid Cap Value AlphaDEX Fund 21.3 70 -50 14.9 +5.1
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 21.0 20 0 8.4 -1.4
ONEY SPDR Russell 1000 Yield Focus ETF 20.7 20 0 11.5 +1.7
PSC Principal U.S. Small Cap Index ETF 20.7 38 -18 10.3 +0.6
VFMO Vanguard U.S. Momentum Factor ETF 20.7 13 7 4.5 -5.3
TUSA First Trust Total US Market AlphaDEX ETF 20.5 70 -50 8.9 -0.9
JPSE JPMorgan Diversified Return U.S. Small Cap Equity ETF 20.5 29 -9 8.0 -1.8
CFA Victory CEMP US 500 Volatility Weighted Index ETF 20.2 35 -15 7.8 -2.0
OMFS Oppenheimer Russell 2000 Dynamic Multifactor ETF 20.2 39 -19 8.2 -1.6
EQAL Invesco Russell 1000 Equal Weight ETF 19.5 20 0 7.4 -2.4
IWS iShares Russell Mid-Cap Value ETF 19.0 24 -4 9.5 -0.2
FAB First Trust Multi Cap Value AlphaDEX Fund 18.9 71 -51 12.7 +2.9
PVAL Principal Contrarian Value Index ETF 18.9 29 -9 10.1 +0.3
USMF WisdomTree U.S. Multifactor Fund 18.6 28 -8 7.9 -1.9
VFMF Vanguard U.S. Multifactor ETF 18.4 18 2 10.4 +0.6
VFQY Vanguard U.S. Quality Factor ETF 18.4 13 7 8.2 -1.6
VTWG Vanguard Russell 2000 Growth Index Fund 17.9 15 5 1.7 -8.1
IWO iShares Russell 2000 Growth ETF 17.9 24 -4 1.5 -8.3
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 17.9 35 -15 7.3 -2.5
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 17.8 39 -19 6.0 -3.8
SMLF iShares Edge MSCI Multifactor USA Small-Cap ETF 17.8 30 -10 10.1 +0.3
OUSM O'Shares FTSE Russell Small Cap Quality Dividend ETF 17.7 48 -28 8.5 -1.3
RFG Invesco S&P Midcap 400 Pure Growth ETF 17.6 35 -15 5.7 -4.1
BFOR Barron's 400 ETF 17.4 66 -46 8.7 -1.0
VUSE Vident Core US Equity Fund 17.2 48 -28 10.5 +0.7
JKI iShares Morningstar Mid-Cap Value ETF 17.2 30 -10 12.8 +3.0
IWR iShares Russell Midcap ETF 17.2 19 1 7.7 -2.1
FLQM Franklin LibertyQ U.S. Mid Cap Equity ETF 16.9 30 -10 8.2 -1.5
VFLQ Vanguard U.S. Liquidity Factor ETF 16.1 13 7 5.2 -4.5
XMMO Invesco S&P MidCap Momentum ETF 15.9 39 -19 5.0 -4.8
XMLV Invesco S&P MidCap Low Volatility ETF 15.6 25 -5 7.8 -2.0
RVRS Reverse Cap Weighted U.S. Large Cap ETF 15.6 29 -9 10.0 +0.3
ISMD Inspire Small/Mid Cap Impact ETF 15.5 61 -41 7.1 -2.7
JKH iShares Morningstar Mid-Cap Growth ETF 15.3 30 -10 3.5 -6.3
ROUS Hartford Multifactor US Equity ETF 15.3 19 1 9.0 -0.8
JPUS JPMorgan Diversified Return U.S. Equity ETF 14.8 19 1 8.0 -1.7
JKG iShares Morningstar Mid-Cap ETF 14.5 25 -5 7.8 -2.0
JSMD Janus Henderson Small/Mid Cap Growth Alpha ETF 14.4 35 -15 7.5 -2.3
IWP iShares Russell Mid-Cap Growth ETF 14.3 24 -4 5.8 -4.0
VFVA Vanguard U.S. Value Factor ETF 14.1 13 7 15.5 +5.7
EQWM Invesco S&P MidCap Quality ETF 13.8 25 -5 6.6 -3.2
QSY WisdomTree U.S. LargeCap Value Fund 13.8 38 -18 9.2 -0.5
FLQS Franklin LibertyQ U.S. Small Cap Equity ETF 13.6 35 -15 8.6 -1.2
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 13.6 20 0 10.0 +0.2
FXO First Trust Financials AlphaDEX Fund 13.5 63 -43 13.1 +3.4
JHMI John Hancock Multifactor Industrials ETF 13.4 40 -20 8.2 -1.6
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 13.3 60 -40 12.2 +2.5
AFSM First Trust Active Factor Small Cap ETF 13.3 75 -55 10.0 +0.2
JVAL JPMorgan U.S. Value Factor ETF 13.2 12 8 11.5 +1.7
PY Principal Shareholder Yield Index ETF 13.2 29 -9 11.9 +2.2
JKL iShares Morningstar Small Cap Value ETF 13.2 30 -10 14.0 +4.3
SIZE iShares Edge MSCI USA Size Factor ETF 12.9 15 5 8.0 -1.8
IWN iShares Russell 2000 Value ETF 12.9 24 -4 9.7 -0.1
VOE Vanguard Mid-Cap Value Index Fund 12.8 7 13 10.4 +0.6

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
Principal U.S. Small-MidCap Multi-Factor Core Index ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 14.2 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 20 bp
Equals: ALTAR Score 9.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.57 CATEGORY
AVERAGE
1.51
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.