VanEck Vectors Gaming
ALTAR
Score™
6.4% info Recommen-
dation
OVERWEIGHT
2019E    2020E
P/E
ratio
19.9x P/Sales
ratio
1.7x
P/BV
ratio
2.0x Div.
yield
3.3%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
VanEck Vectors-Gaming ETF seeks investment results that correspond to the price and yield performance of the S-Network Global Gaming Index.

FUND BASICS
Category Global Equities
Fund Sponsor Van Eck Associates Corp
Website www.vaneck.com
Inception date Jan 24, 2008
Assets (mns) $26
Currency USD
Expense ratio 66 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Bank of New York Mellon
Weighting Market Cap
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 42
Wgt avg mkt cap (mns) $14,290
Large cap (>$10bn) 44.0%
Mid cap ($2-10bn) 50.5%
Small cap (<$2bn) 5.5%
Developed mkts 84.0%
Emerging mkts 16.0%

TOP TEN HOLDINGS
LAS VEGAS SANDS CORP 8.0 %
GALAXY ENTERTAINMENT GROUP L 7.5 %
SANDS CHINA LTD 6.6 %
ARISTOCRAT LEISURE LTD 6.4 %
MGM MIRAGE 6.2 %
PADDY POWER PLC 4.5 %
VICI PROPERTIES INC 4.5 %
WYNN RESORTS LTD 4.3 %
GAMING AND LEISURE PROPERTIE 3.8 %
TABCORP HOLDINGS LIMITED 3.2 %
Total 54.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 36.7 %
HONG KONG 12.5 %
AUSTRALIA 12.2 %
MACAU 8.9 %
BRITAIN 5.3 %
IRELAND 4.5 %
MALAYSIA 3.6 %
JAPAN 3.4 %
CANADA 2.8 %
SINGAPORE 2.5 %

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.
19.4% 14.9% 0.6% 8.5% 1.9%

Market Correlations
versus... Beta R-squared
S&P500 1.15 48%
MSCI EAFE 1.25 48%
MSCI Emg. Mkts. 0.98 48%

Technical Indicators
Recent close $40.30
30d moving avg. $39.20
Annualized volatility 20.1%
Short interest (ETF) 1.2%
Relative strength (RSI) 75

Liquidity measures
Avg. volume (thou.) 2
Turnover 0.3%
Bid/Ask (% of price) 0.46%
ADV underlying (mns) $1,508

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the VanEck Vectors Gaming ETF based on the alternatives' overlap in portfolio holdings with BJK. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: BJK Expense: 66 bp ALTAR Score™: 6.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH BJK
Ticker Fund
Name
Overlap1
vs BJK
(%)
Expense
ratio
(bp)
Savings
vs BJK
(bp)
ALTAR
Score™
(%)
ALTAR
vs BJK
(%)
NETL NETLease Corporate Real Estate 8.8 60 6 5.7 -0.7
ZHOK SPDR Solactive Hong Kong 7.9 14 52 7.1 +0.7
EWH iShares MSCI Hong Kong 7.5 48 18 7.2 +0.8
FLHK Franklin FTSE Hong Kong 6.8 9 57 7.6 +1.2
PLCY EventShares US Policy Alpha 5.5 75 -9 3.9 -2.5
RORE Hartford Multifactor REIT 4.8 45 21 12.9 +6.6
RCD Invesco S&P Equal Weight Consumer Discretionary 4.7 40 26 8.6 +2.2
IPO Renaissance IPO 4.5 60 6 -0.7 -7.1
GCOW Pacer Global Cash Cows Dividend 4.1 60 6 9.9 +3.6
JHMC John Hancock Multifactor Consumer Discretionary 4.1 40 26 6.0 -0.4
SRET Global X SuperDividend REIT 3.8 59 7 10.0 +3.7
EPP iShares MSCI Pacific ex-Japan 3.7 48 18 6.4 +0.0
ICOW Pacer Developed Markets Int'l Cash Cows 100 3.7 65 1 9.6 +3.2
EUDV ProShares MSCI Europe Dividend Growers 3.7 55 11 6.4 +0.0
EDOG ALPS Emerging Sector Dividend Dogs 3.6 60 6 9.3 +2.9
EWM iShares MSCI Malaysia 3.6 47 19 7.1 +0.8
BBAX JPMorgan BetaBuilders Developed Asia ex-Japan 3.6 19 47 6.6 +0.2
RFG Invesco S&P Midcap 400 Pure Growth 3.6 35 31 3.8 -2.6
SCIX Global X Scientific Beta Asia ex-Japan 3.6 38 28 6.2 -0.2
FPA First Trust Asia Pac Ex-Japan AlphaDEX 3.5 80 -14 8.8 +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

  2014 2015 2016 2017 2018 2019E 2020E
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
  2018 2019E 2020E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
VanEck Vectors Gaming
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 13.2 %
Divided by: Fwd. P/BV 1.9 x
Less: Expense ratio 66 bp
Equals: ALTAR Score 6.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.44 CATEGORY
AVERAGE
1.54
 
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.