Principal Contrarian Value Index ETF
ALTAR
Score™
9.8% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
66.7x P/Sales
ratio
0.8x
P/BV
ratio
0.8x Div.
yield
3.1%


  • 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 18, 2017
Assets (mns) $4
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 255
Wgt avg mkt cap (mns) $12,891
Large cap (>$10bn) 31.8%
Mid cap ($2-10bn) 62.7%
Small cap (<$2bn) 5.5%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
TRANSOCEAN LTD 0.9 %
ALCOA CORP. 0.9 %
GAP INC/THE 0.8 %
CONTINENTAL RESOURCES INC/OK 0.8 %
AUTONATION INC 0.8 %
LIBERTY MEDIA CORP-INTER A 0.8 %
FIRST SOLAR INC 0.8 %
DXC TECHNOLOGY CO. 0.7 %
ADT, INC. 0.7 %
ANTERO MIDSTREAM CORP. 0.7 %
Total 7.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.9 %
BERMUDA 1.0 %
SWITZERLAND 0.9 %
IRELAND 0.9 %
BRITAIN 0.6 %
PUERTO RICO 0.3 %





HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-19.3% -14.2% -- -- -1.9%

Market Correlations
versus... Beta R-squared
S&P500 1.27 91%
MSCI EAFE 1.33 84%
MSCI Emg. Mkts. 0.93 66%

Technical Indicators
Recent close $23.57
30d moving avg. $22.69
Annualized volatility 23.8%
Short interest (ETF) 0.0%
Relative strength (RSI) 57

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.7%
Bid/Ask (% of price) 0.30%
ADV underlying (mns) $36,241

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 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™: 9.8%


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
(%)
PMOM Principal Sustainable Momentum Index ETF 41.3 29 0 8.7 -1.1
OMFL Invesco Russell 1000 Dynamic Multifactor ETF 37.1 29 0 9.4 -0.5
FAB First Trust Multi Cap Value AlphaDEX Fund 34.3 71 -42 9.7 -0.1
RPV Invesco S&P 500 Pure Value ETF 30.0 35 -6 10.9 +1.0
FNK First Trust Mid Cap Value AlphaDEX Fund 29.8 70 -41 10.8 +1.0
ONEY SPDR Russell 1000 Yield Focus ETF 29.6 20 9 9.0 -0.8
RVRS Reverse Cap Weighted U.S. Large Cap ETF 29.5 29 0 7.8 -2.0
SLT Salt TruBeta High Exposure ETF 28.8 29 0 9.0 -0.9
AUSF Global X Adaptive U.S. Factor ETF 28.3 27 2 7.6 -2.2
IWS iShares Russell Mid-Cap Value ETF 27.6 24 5 7.0 -2.9
VFVA Vanguard U.S. Value Factor ETF 27.5 14 15 11.0 +1.1
JKL iShares Morningstar Small Cap Value ETF 26.6 30 -1 10.0 +0.1
FTA First Trust Large Cap Value AlphaDEX Fund 26.4 60 -31 9.2 -0.7
SPHB Invesco S&P 500 High Beta ETF 26.2 25 4 9.1 -0.7
LVHB Innovator Lunt Low Vol/High Beta Tactical ETF 26.2 49 -20 9.0 -0.8
ALTL Pacer Lunt Large Cap Alternator ETF 26.2 60 -31 9.0 -0.9
JVAL JPMorgan U.S. Value Factor ETF 25.5 12 17 8.5 -1.4
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 25.3 20 9 7.4 -2.5
VOE Vanguard Mid-Cap Value Index Fund 24.4 7 22 7.6 -2.2
EQAL Invesco Russell 1000 Equal Weight ETF 24.4 20 9 5.4 -4.4
JKI iShares Morningstar Mid-Cap Value ETF 24.4 30 -1 8.9 -1.0
VLUE iShares Edge MSCI USA Value Factor ETF 24.3 15 14 11.4 +1.6
SPVU Invesco S&P 500 Enhanced Value ETF 23.4 13 16 11.4 +1.5
RSP Invesco S&P 500 Equal Weight ETF 23.4 20 9 6.5 -3.4
JDIV JPMorgan U.S. Dividend ETF 23.3 12 17 7.7 -2.2
FNX First Trust Mid Cap Core AlphaDEX Fund 22.9 61 -32 6.4 -3.4
SIZE iShares Edge MSCI USA Size Factor ETF 22.4 15 14 6.1 -3.8
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 22.2 20 9 9.2 -0.6
EZM WisdomTree U.S. MidCap Earnings Fund 22.2 38 -9 8.8 -1.0
EUSA iShares MSCI USA Equal Weighted ETF 22.0 15 14 6.0 -3.8
FCTR First Trust Lunt U.S. Factor Rotation ETF 22.0 65 -36 2.9 -6.9
VLU SPDR S&P 1500 Value Tilt ETF 21.9 12 17 7.2 -2.6
TUSA First Trust Total US Market AlphaDEX ETF 21.7 70 -41 5.7 -4.1
FEX First Trust Large Cap Core AlphaDEX Fund 21.5 60 -31 5.8 -4.0
DON WisdomTree U.S. MidCap Dividend Fund 21.3 38 -9 7.4 -2.5
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 21.0 29 0 6.7 -3.1
RNMC Mid Cap US Equity Select ETF 20.8 60 -31 7.3 -2.6
SCHM Schwab U.S. Mid-Cap ETF 20.3 4 25 6.0 -3.9
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 19.9 24 5 6.0 -3.9
SYLD Cambria Shareholder Yield ETF 19.7 59 -30 8.9 -0.9
JHMM John Hancock Multifactor Mid Cap ETF 19.4 42 -13 5.5 -4.3
IWR iShares Russell Midcap ETF 19.2 19 10 5.5 -4.4
MAGA Point Bridge GOP Stock Tracker ETF 18.8 72 -43 6.3 -3.5
PRF Invesco FTSE RAFI US 1000 ETF 18.8 39 -10 6.6 -3.2
VUSE Vident Core US Equity Fund 18.5 48 -19 7.5 -2.4
FVAL Fidelity Value Factor ETF 18.4 29 0 7.7 -2.1
VALQ American Century STOXX U.S. Quality Value ETF 18.4 29 0 8.8 -1.0
BKMC BNY Mellon US Mid Cap Core Equity ETF 18.2 4 25 5.4 -4.5
IUS Invesco Strategic US ETF 18.1 19 10 6.3 -3.6
RNDV US Equity Dividend Select ETF 18.1 50 -21 8.0 -1.9
FNDX Schwab Fundamental U.S. Large Co. Index ETF 17.6 25 4 6.2 -3.6
MDYV SPDR S&P 400 Mid Cap Value ETF 17.6 15 14 8.3 -1.6
VBR Vanguard Small Cap Value Index Fund 17.6 7 22 8.1 -1.8
IJJ iShares S&P Mid-Cap 400 Value ETF 17.6 25 4 8.2 -1.6
RWL Invesco S&P 500 Revenue ETF 17.5 39 -10 7.0 -2.9
IVOV Vanguard S&P Mid-Cap 400 Value ETF 17.5 15 14 8.3 -1.5
IWD iShares Russell 1000 Value ETF 17.3 19 10 6.8 -3.0
VONV Vanguard Russell 1000 Value Index Fund 17.3 8 21 6.9 -2.9
PY Principal Shareholder Yield Index ETF 17.3 29 0 9.0 -0.9
FNDB Schwab Fundamental U.S. Broad Market Index ETF 17.2 25 4 6.2 -3.6
JPUS JPMorgan Diversified Return U.S. Equity ETF 17.0 18 11 6.0 -3.8
RNLC Large Cap US Equity Select ETF 17.0 60 -31 6.1 -3.8
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 16.9 9 20 5.8 -4.1
BUY USCF SummerHaven SHPEI Index Fund 16.8 80 -51 9.1 -0.7
BKSE BNY Mellon US Small Cap Core Equity ETF 16.8 4 25 5.8 -4.0
FXN First Trust Energy AlphaDEX Fund 16.6 65 -36 2.6 -7.3
SFYX Sofi Next 500 ETF 16.4 0 29 5.7 -4.1
ONEO SPDR Russell 1000 Momentum Focus ETF 16.4 20 9 6.2 -3.6
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 16.4 17 12 6.3 -3.5
VO Vanguard Mid-Cap Index Fund 16.2 4 25 5.1 -4.7
IUSV iShares Core S&P U.S. Value ETF 15.7 4 25 7.3 -2.5
EWMC Invesco S&P MidCap 400 Equal Weight ETF 15.7 40 -11 6.8 -3.0
RWK Invesco S&P MidCap 400 Revenue ETF 15.4 39 -10 7.7 -2.2
BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 15.3 7 22 5.3 -4.5
SPYV SPDR Portfolio S&P 500 Value ETF 14.9 4 25 7.3 -2.6
IVE iShares S&P 500 Value ETF 14.8 18 11 7.1 -2.7
VOOV Vanguard S&P 500 Value ETF 14.8 15 14 7.1 -2.7
COWZ Pacer US Cash Cows 100 ETF 14.7 49 -20 10.4 +0.6
QSY WisdomTree U.S. LargeCap Value Fund 14.6 38 -9 6.7 -3.2
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 14.5 25 4 6.3 -3.6
DYNF BlackRock U.S. Equity Factor Rotation ETF 14.5 30 -1 6.3 -3.6
FXD First Trust Consumer Discretionary AlphaDEX Fund 14.5 64 -35 5.8 -4.1
MDY SPDR S&P Midcap 400 ETF Trust 14.5 23 6 6.2 -3.7
SPMD SPDR Portfolio Mid Cap ETF 14.5 5 24 6.3 -3.5
IJH iShares Core S&P Mid-Cap ETF 14.5 6 23 6.3 -3.5
STLV iShares Factors US Value Style ETF 14.4 25 4 6.9 -3.0
SCHV Schwab U.S. Large-Cap Value ETF 14.3 4 25 7.1 -2.8
IVOO Vanguard S&P Mid-Cap 400 ETF 14.3 10 19 6.2 -3.6
USDY Pacific Global US Equity Income ETF 14.2 29 0 7.1 -2.7
SCIU Global X Scientific Beta US ETF 14.0 19 10 5.6 -4.2
IYE iShares U.S. Energy ETF 13.9 42 -13 4.1 -5.8
FTXN First Trust Nasdaq Oil & Gas ETF 13.8 60 -31 3.2 -6.7
ONEV SPDR Russell 1000 Low Volatility Focus ETF 13.8 20 9 6.8 -3.1
CFA VictoryShares US 500 Volatility Weighted Index ETF 13.7 35 -6 5.6 -4.2
VTV Vanguard Value Index Fund 13.7 4 25 7.3 -2.6
JHME John Hancock Multifactor Energy ETF 13.6 40 -11 3.8 -6.1
CDL VictoryShares US Large Cap High Dividend Volatility Wtd Idx 13.4 35 -6 8.4 -1.4
VDE Vanguard Energy Index Fund 13.4 10 19 3.9 -5.9
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 13.4 29 0 5.8 -4.0
FENY Fidelity MSCI Energy Index ETF 13.3 8 21 4.3 -5.5

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:

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 7.8 %
Divided by: Fwd. P/BV 0.8 x
Less: Expense ratio 29 bp
Equals: ALTAR Score 9.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.58 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.