VanEck Vectors Morningstar Durable Dividend
ALTAR
Score™
6.5% info Recommen-
dation
OVERWEIGHT
2019E    2020E
P/E
ratio
16.4x P/Sales
ratio
2.7x
P/BV
ratio
3.0x Div.
yield
3.2%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The VanEck Vectors Morningstar Durable Dividend ETF tracks a dividend-weighted index of US firms that are screened for dividend yield, financial health, and valuation.

FUND BASICS
Category US Equities
Fund Sponsor VanEck
Website www.vaneck.com
Inception date Oct 30, 2018
Assets (mns) $23
Currency USD
Expense ratio 29 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 67
Wgt avg mkt cap (mns) $184,131
Large cap (>$10bn) 98.7%
Mid cap ($2-10bn) 1.3%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
JPMORGAN CHASE & CO 5.3 %
JOHNSON & JOHNSON 5.1 %
INTEL CORP 4.8 %
PFIZER INC 4.8 %
AT&T INC 4.7 %
MERCK & CO. INC. 4.6 %
VERIZON COMMUNICATIONS INC 4.5 %
EXXON MOBIL CORP 4.5 %
CHEVRON CORP 4.2 %
PEPSICO INC 4.2 %
Total 46.6 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.5 %
IRELAND 1.6 %
SWITZERLAND 0.5 %
BRITAIN 0.3 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
26.5% 26.5% -- -- 15.4%

Market Correlations
versus... Beta R-squared
S&P500 0.85 97%
MSCI EAFE 1.03 85%
MSCI Emg. Mkts. 0.68 61%

Technical Indicators
Recent close $30.05
30d moving avg. $29.75
Annualized volatility 14.3%
Short interest (ETF) 0.0%
Relative strength (RSI) 65

Liquidity measures
Avg. volume (thou.) 11
Turnover 1.5%
Bid/Ask (% of price) 0.05%
ADV underlying (mns) $19,266

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: DURA Expense: 29 bp ALTAR Score™: 6.5%


ALTERNATIVE ETFs BASED ON OVERLAP WITH DURA
Ticker Fund
Name
Overlap1
vs DURA
(%)
Expense
ratio
(bp)
Savings
vs DURA
(bp)
ALTAR
Score™
(%)
ALTAR
vs DURA
(%)
HDV iShares High Dividend 50.2 8 21 6.9 +0.4
OUSA O'Shares FTSE U.S. Quality Dividend 45.9 48 -19 5.7 -0.8
JKF iShares Morningstar Large Value 44.1 25 4 7.4 +0.9
VYM Vanguard High Dividend Yield ETF 43.4 6 23 6.9 +0.4
OYLD Invesco Russell 1000 Yield Factor ETF 40.0 19 10 6.8 +0.3
DJD Invesco Dow Jones Industrial Average Dividend 38.4 7 22 7.0 +0.6
SCHD Schwab US Dividend Equity 37.4 6 23 7.0 +0.5
SPHQ Invesco S&P 500 Quality 37.2 15 14 5.4 -1.1
MGV Vanguard Mega Cap 300 Value 35.8 7 22 6.8 +0.3
IWX iShares Russell Top 200 Value 35.5 20 9 6.6 +0.1
DHS WisdomTree Equity Income 35.1 38 -9 7.6 +1.1
ACIO Aptus Collared Income Opportunity 34.6 79 -50 6.8 +0.3
SCHV Schwab U.S. Large-Cap Value 33.7 4 25 6.6 +0.1
DLN WisdomTree Large Cap Dividend 33.4 28 1 6.3 -0.2
DGRO iShares Core Dividend Growth 33.1 8 21 6.1 -0.4
USDY Pacific Global US Equity Income 33.0 29 0 7.1 +0.6
EDOW First Trust Dow 30 Equal Weight 32.2 50 -21 5.9 -0.6
VTV Vanguard Value ETF 31.3 4 25 6.9 +0.4
FDL First Trust Morningstar Dividend Leaders 30.0 45 -16 8.3 +1.8
DGRW WisdomTree US Dividend Growth 29.6 28 1 7.1 +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

  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 Morningstar Durable Dividend
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 18.5 %
Divided by: Fwd. P/BV 2.7 x
Less: Expense ratio 29 bp
Equals: ALTAR Score 6.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.61 CATEGORY
AVERAGE
1.55
 
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.