Principal U.S. Mega-Cap Multi-Factor Index ETF
ALTAR
Score™
4.6% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
26.2x P/Sales
ratio
3.3x
P/BV
ratio
4.2x Div.
yield
1.8%


  • 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. Mega Cap Select Leaders Index. The index uses a quantitative model designed to identify equity securities of companies with the largest market capitalizations in the Nasdaq US 500 Large Cap Index, with higher weights given to securities that are less volatile.

FUND BASICS
Category US Equities
Fund Sponsor The Principal Financial Group
Website www.principalfunds.com
Inception date Oct 11, 2017
Assets (mns) $1,647
Currency USD
Expense ratio 12 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 40
Wgt avg mkt cap (mns) $461,261
Large cap (>$10bn) 100.0%
Mid cap ($2-10bn) 0.0%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLE INC 6.3 %
BERKSHIRE HATHAWAY INC-CL B 3.6 %
PEPSICO INC 3.5 %
VERIZON COMMUNICATIONS INC 3.4 %
PROCTER & GAMBLE CO/THE 3.4 %
AT&T INC 3.3 %
JOHNSON & JOHNSON 3.3 %
MCDONALD'S CORP 3.3 %
JPMORGAN CHASE & CO 2.9 %
ALPHABET INC. CLASS A 2.9 %
Total 35.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 99.7 %
BRITAIN 0.1 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
1.9% 7.9% -- -- 10.0%

Market Correlations
versus... Beta R-squared
S&P500 0.90 96%
MSCI EAFE 0.90 79%
MSCI Emg. Mkts. 0.61 56%

Technical Indicators
Recent close $33.86
30d moving avg. $33.22
Annualized volatility 16.5%
Short interest (ETF) 0.0%
Relative strength (RSI) 51

Liquidity measures
Avg. volume (thou.) 19
Turnover 0.0%
Bid/Ask (% of price) 0.18%
ADV underlying (mns) $81,534

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the Principal U.S. Mega-Cap Multi-Factor Index ETF ETF based on the alternatives' overlap in portfolio holdings with USMC. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: USMC Expense: 12 bp ALTAR Score™: 4.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH USMC
Ticker Fund
Name
Overlap1
vs USMC
(%)
Expense
ratio
(bp)
Savings
vs USMC
(bp)
ALTAR
Score™
(%)
ALTAR
vs USMC
(%)
XLG Invesco S&P 500 Top 50 ETF 61.9 20 -8 4.3 -0.3
SPQQ Siren Large Cap Blend Index ETF 54.7 20 -8 4.5 -0.1
OEF iShares S&P 100 ETF 54.1 20 -8 4.6 -0.0
NACP Impact Shares NAACP Minority Empowerment ETF 47.8 75 -63 4.6 +0.0
BKLC BNY Mellon US Large Cap Core Equity ETF 47.0 0 12 4.8 +0.3
IWL iShares Russell Top 200 ETF 46.5 15 -3 4.7 +0.1
EDOW First Trust Dow 30 Equal Weight ETF 46.4 50 -38 5.3 +0.7
MGC Vanguard Mega Cap Index Fund 45.8 7 5 4.8 +0.3
XOUT GraniteShares XOUT U.S. Large Cap ETF 45.7 60 -48 3.9 -0.7
MGV Vanguard Mega Cap Value ETF 43.4 7 5 6.8 +2.2
ESGV Vanguard ESG U.S. Stock ETF 42.3 12 0 4.8 +0.2
ACIO Aptus Collared Income Opportunity ETF 42.2 79 -67 4.4 -0.2
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 41.7 15 -3 5.9 +1.3
ESG FlexShares STOXX US ESG Impact Index Fund 41.6 32 -20 4.8 +0.2
EFIV SPDR S&P 500 ESG ETF 41.0 10 2 4.8 +0.2
SNPE Xtrackers S&P 500 ESG ETF 41.0 10 2 4.8 +0.2
IWY iShares Russell Top 200 Growth ETF 40.8 20 -8 3.8 -0.8
EPS WisdomTree U.S. Earnings 500 Fund 40.7 8 4 6.0 +1.4
FMK First Trust Mega Cap AlphaDEX Fund 40.7 70 -58 4.8 +0.2
SPXE ProShares S&P 500 Ex-Energy ETF 40.5 27 -15 4.9 +0.4
PBP Invesco S&P 500 BuyWrite ETF 40.4 49 -37 4.7 +0.1
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 40.4 20 -8 5.0 +0.4
DIA SPDR Dow Jones Industrial Average ETF Trust 40.3 16 -4 5.1 +0.5
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 40.3 20 -8 4.6 +0.0
DIVO Amplify YieldShares CWP Dividend & Option Income ETF 40.3 49 -37 4.3 -0.3
XYLG Global X S&P 500 Covered Call & Growth ETF 40.3 60 -48 4.7 +0.1
SPXN ProShares S&P 500 Ex-Financials ETF 40.2 27 -15 4.7 +0.1
SPY SPDR S&P 500 ETF Trust 39.9 9 3 5.0 +0.4
HSPX Global X S&P 500 Covered Call ETF 39.9 60 -48 4.6 +0.0
IVV iShares Core S&P 500 ETF 39.8 3 9 5.1 +0.5
SPLG SPDR Portfolio Large Cap ETF 39.8 3 9 5.1 +0.5
IQSU IQ Candriam ESG US Equity ETF 39.8 9 3 4.8 +0.2
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 39.3 7 5 4.9 +0.3
VOO VANGUARD S&P 500 ETF 39.3 3 9 5.1 +0.5
DLN WisdomTree U.S. LargeCap Dividend Fund 39.1 28 -16 6.1 +1.5
BBUS JP Morgan Betabuilders U.S. Equity ETF 38.9 2 10 4.9 +0.3
PBUS Invesco PureBeta MSCI USA ETF 38.6 4 8 4.9 +0.3
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 38.6 19 -7 5.6 +1.0
SFY SoFi Select 500 ETF 38.6 0 12 4.8 +0.2
OUSA O'Shares FTSE US Quality Dividend ETF 38.5 48 -36 5.6 +1.0
IWX iShares Russell Top 200 Value ETF 38.3 20 -8 6.3 +1.7
VV Vanguard Large-Cap Index Fund 38.2 4 8 4.9 +0.3
ESGU iShares MSCI USA ESG Optimized ETF 38.1 15 -3 4.7 +0.1
WOMN Impact Shares YWCA Women's Empowerment ETF 38.0 75 -63 3.9 -0.7
DGRO iShares Core Dividend Growth ETF 38.0 8 4 6.3 +1.7
VOOG Vanguard S&P 500 Growth ETF 38.0 10 2 4.2 -0.4
QUS SPDR MSCI USA StrategicFactors ETF 37.8 15 -3 5.5 +0.9
QDEF FlexShares Quality Dividend Defensive Index Fund 37.6 37 -25 5.8 +1.2
SPHQ Invesco S&P 500 Quality ETF 37.6 15 -3 4.4 -0.2
SCHX Schwab U.S. Large-Cap ETF 37.5 3 9 4.8 +0.3
SPXV ProShares S&P 500 Ex-Health Care ETF 37.2 27 -15 4.7 +0.1
RAFE PIMCO RAFI ESG U.S. ETF 37.2 29 -17 7.1 +2.5
TMFC Motley Fool 100 Index ETF 37.1 50 -38 3.3 -1.3
SPYG SPDR Portfolio S&P 500 Growth ETF 37.1 4 8 4.2 -0.4
IVW iShares S&P 500 Growth ETF 37.0 18 -6 4.1 -0.5
ADME Aptus Drawdown Managed Equity ETF 37.0 79 -67 3.5 -1.1
SPTM SPDR Portfolio Total Stock Market ETF 36.9 3 9 5.1 +0.6
IWB iShares Russell 1000 ETF 36.8 15 -3 4.8 +0.2
SCHK Schwab 1000 Index ETF 36.8 5 7 4.9 +0.3
PFM Invesco Dividend Achievers ETF 36.7 53 -41 5.1 +0.5
IYY iShares Dow Jones U.S. ETF 36.4 20 -8 4.7 +0.1
VIG Vanguard Dividend Appreciation Index Fund 36.4 6 6 5.1 +0.5
IWF iShares Russell 1000 Growth ETF 36.3 19 -7 3.7 -0.9
FQAL Fidelity Quality Factor ETF 36.3 29 -17 5.2 +0.6
ECOZ TrueMark ESG Active Opportunities ETF 36.3 58 -46 3.3 -1.3
MMTM SPDR S&P 1500 Momentum Tilt ETF 36.2 12 0 4.2 -0.4
VTV Vanguard Value Index Fund 36.2 4 8 6.8 +2.2
VEGN US Vegan Climate ETF 36.2 60 -48 4.7 +0.1
FDRR Fidelity Dividend ETF for Rising Rates 36.1 29 -17 6.4 +1.8
EQWL Invesco Russell Top 200 Equal Weight ETF 36.0 25 -13 5.8 +1.2
HIPR Direxion High Growth ETF 36.0 40 -28 4.4 -0.2
QUAL iShares MSCI Usa Quality Factor ETF 35.9 15 -3 5.1 +0.5
IUSG iShares Core S&P US Growth ETF 35.8 4 8 4.2 -0.4
YLDE ClearBridge Dividend Strategy ESG ETF 35.8 60 -48 4.6 +0.0
DIVB iShares U.S. Dividend & Buyback ETF 35.8 25 -13 6.3 +1.7
VONG Vanguard Russell 1000 Growth Index Fund 35.8 8 4 3.8 -0.8
VTHR Vanguard Russell 3000 Index Fund 35.6 10 2 4.7 +0.1
MGK Vanguard Mega Cap Growth ETF 35.6 7 5 3.9 -0.7
RECS Columbia Research Enhanced Core ETF 35.4 15 -3 5.3 +0.7
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 35.3 49 -37 3.9 -0.7
SFYF SoFi 50 ETF 35.3 29 -17 1.1 -3.5
CCOR Core Alternative ETF 35.1 109 -97 4.5 -0.1
IWV iShares Russell 3000 ETF 34.8 20 -8 4.6 +0.0
SCHB Schwab U.S. Broad Market ETF 34.8 3 9 4.8 +0.2
DTD WisdomTree U.S.Total Dividend Fund 34.8 28 -16 6.3 +1.7
ITOT iShares Core S&P Total U.S. Stock Market ETF 34.6 3 9 4.7 +0.1
SCHG Schwab U.S. Large-Cap Growth ETF 34.6 4 8 3.4 -1.2
DJD Invesco Dow Jones Industrial Average Dividend ETF 34.5 7 5 6.6 +2.1
QDF FlexShares Quality Dividend Index Fund 34.4 37 -25 5.7 +1.1
JKD iShares Morningstar Large-Cap ETF 34.4 20 -8 5.4 +0.8
QLV FlexShares US Quality Low Volatility Index Fund 34.3 22 -10 4.7 +0.1
SUSL iShares ESG MSCI USA Leaders ETF 34.3 10 2 5.0 +0.4
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 34.3 10 2 5.0 +0.4
FDMO Fidelity Momentum Factor ETF 34.0 29 -17 3.2 -1.4
DSI iShares MSCI KLD 400 Social ETF 33.9 25 -13 4.8 +0.2
VONE Vanguard Russell 1000 ETF 33.9 8 4 4.8 +0.2
FLLV Franklin Liberty U.S. Low Volatility ETF 33.6 29 -17 5.2 +0.6
VTI Vanguard Total Stock Market Index Fund 33.6 3 9 4.7 +0.1
VYM Vanguard High Dividend Yield Index ETF 33.5 6 6 7.0 +2.4

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. Mega-Cap Multi-Factor Index ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 18.1 %
Divided by: Fwd. P/BV 3.8 x
Less: Expense ratio 12 bp
Equals: ALTAR Score 4.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.39 CATEGORY
AVERAGE
1.50
 
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.