Principal Contrarian Value Index ETF
ALTAR
Score™
8.2% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
18.7x P/Sales
ratio
1.0x
P/BV
ratio
1.4x Div.
yield
2.3%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The investment seeks to provide investment results that closely correspond, before expenses, to the performance of the Nasdaq U.S. Contrarian Value Index . The index uses a quantitative model designed to identify equity securities in the Nasdaq US Large Mid Cap Index that appear to be undervalued by the market relative to their fundamental value, when taking multiple market environments into consideration.

FUND BASICS
Category US Equities
Fund Sponsor The Principal Financial Group
Website www.principalfunds.com
Inception date Oct 19, 2017
Assets (mns) $3
Currency USD
Expense ratio 29 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 259
Wgt avg mkt cap (mns) $21,736
Large cap (>$10bn) 42.0%
Mid cap ($2-10bn) 56.8%
Small cap (<$2bn) 1.2%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
BIO-RAD LABORATORIES-CL A 0.9 %
TWILIO, INC. CLASS A 0.9 %
CENTENE CORP 0.8 %
DOW CHEMICAL 0.8 %
STRAYER EDUCATION INC 0.8 %
JUNIPER NETWORKS INC 0.7 %
CVS CAREMARK CORP 0.7 %
PERRIGO CO 0.7 %
EASTMAN CHEMICAL COMPANY 0.7 %
SYMANTEC CORP 0.7 %
Total 7.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 94.2 %
IRELAND 3.4 %
SWITZERLAND 0.8 %
BERMUDA 0.7 %
PUERTO RICO 0.5 %
BRITAIN 0.2 %





HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru April 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-23.5% -16.9% -- -- -4.2%

Market Correlations
versus... Beta R-squared
S&P500 1.30 93%
MSCI EAFE 1.37 86%
MSCI Emg. Mkts. 1.04 76%

Technical Indicators
Recent close $21.84
30d moving avg. $20.90
Annualized volatility 24.8%
Short interest (ETF) 0.0%
Relative strength (RSI) 55

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.60%
ADV underlying (mns) $54,337

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the Principal Contrarian Value Index ETF ETF based on the alternatives' overlap in portfolio holdings with PVAL. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: PVAL Expense: 29 bp ALTAR Score™: 8.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH PVAL
Ticker Fund
Name
Overlap1
vs PVAL
(%)
Expense
ratio
(bp)
Savings
vs PVAL
(bp)
ALTAR
Score™
(%)
ALTAR
vs PVAL
(%)
IWS iShares Russell Mid-Cap Value ETF 29.6 24 5 7.9 -0.3
VUSE Vident Core US Equity Fund 27.8 48 -19 8.5 +0.3
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 27.7 20 9 8.3 +0.1
FTA First Trust Large Cap Value AlphaDEX Fund 27.6 60 -31 10.4 +2.2
JVAL JPMorgan U.S. Value Factor ETF 27.4 12 17 9.5 +1.4
FAB First Trust Multi Cap Value AlphaDEX Fund 27.2 71 -42 10.9 +2.8
RSP Invesco S&P 500 Equal Weight ETF 26.8 20 9 7.5 -0.7
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 26.8 17 12 7.4 -0.8
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 26.4 29 0 7.2 -0.9
VALQ American Century STOXX U.S. Quality Value ETF 25.0 29 0 9.6 +1.4
RVRS Reverse Cap Weighted U.S. Large Cap ETF 24.8 29 0 7.9 -0.3
JHMM John Hancock Multifactor Mid Cap ETF 24.5 44 -15 6.3 -1.9
ONEO SPDR Russell 1000 Momentum Focus ETF 24.4 20 9 7.1 -1.0
FEX First Trust Large Cap Core AlphaDEX Fund 24.3 60 -31 6.7 -1.5
EUSA iShares MSCI USA Equal Weighted ETF 24.2 15 14 6.6 -1.6
SCHM Schwab U.S. Mid-Cap ETF 24.0 4 25 6.9 -1.3
SIZE iShares Edge MSCI USA Size Factor ETF 23.7 15 14 6.5 -1.7
IWD iShares Russell 1000 Value ETF 23.6 19 10 7.6 -0.6
RNLC Large Cap US Equity Select ETF 23.6 60 -31 6.8 -1.4
VONV Vanguard Russell 1000 Value Index Fund 23.5 8 21 7.7 -0.5
TUSA First Trust Total US Market AlphaDEX ETF 23.4 70 -41 6.8 -1.3
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 23.3 9 20 6.4 -1.8
JKI iShares Morningstar Mid-Cap Value ETF 23.2 30 -1 10.6 +2.4
EZM WisdomTree U.S. MidCap Earnings Fund 23.1 38 -9 10.2 +2.0
ROUS Hartford Multifactor US Equity ETF 22.8 19 10 7.7 -0.5
CFA VictoryShares US 500 Volatility Weighted Index ETF 22.7 35 -6 6.3 -1.9
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 22.5 17 12 7.1 -1.1
VFVA Vanguard U.S. Value Factor ETF 22.3 13 16 12.8 +4.6
VOE Vanguard Mid-Cap Value Index Fund 22.3 7 22 8.6 +0.5
IWR iShares Russell Midcap ETF 22.2 19 10 6.2 -2.0
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 21.9 20 9 10.7 +2.5
VLU SPDR S&P 1500 Value Tilt ETF 21.5 12 17 8.0 -0.1
FNX First Trust Mid Cap Core AlphaDEX Fund 21.3 61 -32 7.5 -0.7
VLUE iShares Edge MSCI USA Value Factor ETF 21.2 15 14 11.9 +3.8
EQAL Invesco Russell 1000 Equal Weight ETF 21.1 20 9 5.5 -2.6
IUSV iShares Core S&P U.S. Value ETF 20.9 4 25 7.9 -0.3
DON WisdomTree U.S. MidCap Dividend Fund 20.8 38 -9 8.5 +0.3
SCIU Global X Scientific Beta US ETF 20.7 19 10 6.2 -2.0
FNK First Trust Mid Cap Value AlphaDEX Fund 20.3 70 -41 12.3 +4.2
MDY SPDR S&P Midcap 400 ETF Trust 20.2 23 6 6.7 -1.4
IVE iShares S&P 500 Value ETF 20.2 18 11 7.7 -0.5
SPMD SPDR Portfolio Mid Cap ETF 20.2 5 24 6.9 -1.2
SPYV SPDR Portfolio S&P 500 Value ETF 20.2 4 25 7.8 -0.4
IJH iShares Core S&P Mid-Cap ETF 20.2 6 23 6.9 -1.3
VOOV Vanguard S&P 500 Value ETF 20.1 15 14 7.7 -0.5
USMF WisdomTree U.S. Multifactor Fund 20.1 28 1 6.5 -1.6
ONEV SPDR Russell 1000 Low Volatility Focus ETF 20.0 20 9 7.6 -0.6
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 20.0 35 -6 6.2 -1.9
JPUS JPMorgan Diversified Return U.S. Equity ETF 20.0 19 10 6.7 -1.5
IVOO Vanguard S&P Mid-Cap 400 ETF 19.9 10 19 6.8 -1.4
PRF Invesco FTSE RAFI US 1000 ETF 19.8 39 -10 7.4 -0.8
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 19.8 24 5 6.5 -1.6
JHML John Hancock Multifactor Large Cap ETF 19.8 34 -5 5.9 -2.2
AFMC First Trust Active Factor Mid Cap ETF 19.7 65 -36 6.8 -1.3
RNMC Mid Cap US Equity Select ETF 19.6 60 -31 8.6 +0.5
SFYX Sofi Next 500 ETF 19.5 0 29 6.4 -1.8
RWL Invesco S&P 500 Revenue ETF 19.4 39 -10 7.3 -0.9
AFLG First Trust Active Factor Large Cap ETF 19.3 55 -26 6.2 -2.0
FNDX Schwab Fundamental U.S. Large Co. Index ETF 19.2 25 4 7.0 -1.1
ONEY SPDR Russell 1000 Yield Focus ETF 19.2 20 9 9.2 +1.1
RNDV US Equity Dividend Select ETF 19.2 50 -21 8.6 +0.5
RPV Invesco S&P 500 Pure Value ETF 19.0 35 -6 12.5 +4.3
FNDB Schwab Fundamental U.S. Broad Market Index ETF 19.0 25 4 7.0 -1.1
VO Vanguard Mid-Cap Index Fund 18.5 4 25 5.9 -2.2
TPLC Timothy Plan US Large Cap Core ETF 18.3 52 -23 5.9 -2.3
DYNF BlackRock U.S. Equity Factor Rotation ETF 18.2 30 -1 7.1 -1.0
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 18.2 7 22 6.0 -2.2
SPVU Invesco S&P 500 Enhanced Value ETF 18.1 13 16 12.0 +3.9
AUSF Global X Adaptive U.S. Factor ETF 18.1 27 2 8.9 +0.7
REVS Columbia Research Enhanced Value ETF 18.1 19 10 8.1 -0.1
JKG iShares Morningstar Mid-Cap ETF 18.1 25 4 6.6 -1.6
EWMC Invesco S&P MidCap 400 Equal Weight ETF 18.0 40 -11 7.6 -0.6
VTV Vanguard Value Index Fund 17.9 4 25 7.8 -0.4
USDY Pacific Global US Equity Income ETF 17.7 29 0 8.5 +0.4
SPVM Invesco S&P 500 Value with Momentum ETF 17.6 39 -10 10.3 +2.2
FSMD Fidelity Small-Mid Factor ETF 17.5 29 0 7.6 -0.6
MDYV SPDR S&P 400 Mid Cap Value ETF 17.5 15 14 9.2 +1.0
IJJ iShares S&P Mid-Cap 400 Value ETF 17.5 25 4 9.1 +0.9
IVOV Vanguard S&P Mid-Cap 400 Value ETF 17.4 15 14 9.3 +1.1
RWK Invesco S&P MidCap 400 Revenue ETF 17.3 39 -10 8.4 +0.2
IUS Invesco Strategic US ETF 17.2 19 10 6.5 -1.6
FVAL Fidelity Value Factor ETF 17.1 29 0 8.7 +0.6
PMOM Principal Sustainable Momentum Index ETF 17.1 29 0 11.1 +2.9
MXDU Nationwide Maximum Diversification US Core Equity ETF 17.0 34 -5 5.6 -2.6
EXT WisdomTree U.S. Total Earnings Fund 16.9 28 1 6.1 -2.0
VFMF Vanguard U.S. Multifactor ETF 16.7 18 11 7.8 -0.4
LRGF iShares Edge MSCI Multifactor USA ETF 16.6 20 9 7.4 -0.8
JHSC John Hancock Multifactor Small Cap ETF 16.6 50 -21 6.4 -1.8
MDYG SPDR S&P 400 Mid Cap Growth ETF 16.6 15 14 5.1 -3.0
IJK iShares S&P Mid-Cap 400 Growth ETF 16.6 24 5 5.0 -3.1
AVUS Avantis U.S. Equity ETF 16.5 15 14 6.3 -1.9
IVOG Vanguard S&P Mid-Cap 400 Growth ETF 16.4 15 14 5.1 -3.1
PY Principal Shareholder Yield Index ETF 16.3 29 0 10.3 +2.1
SMDY Syntax Stratified MidCap ETF 16.2 30 -1 7.0 -1.2
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 16.2 9 20 5.9 -2.3
MAGA Point Bridge GOP Stock Tracker ETF 16.1 72 -43 7.0 -1.1
RBUS Nationwide Risk-Based U.S. Equity ETF 16.0 30 -1 5.3 -2.9
SPXT ProShares S&P 500 Ex-Technology ETF 15.9 27 2 6.0 -2.2
QSY WisdomTree U.S. LargeCap Value Fund 15.7 38 -9 7.4 -0.8

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 Contrarian Value 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 11.3 %
Divided by: Fwd. P/BV 1.3 x
Less: Expense ratio 29 bp
Equals: ALTAR Score 8.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.49 CATEGORY
AVERAGE
1.52
 
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.