VanEck Vectors Egypt Index
ALTAR
Score™
8.7% info Recommen-
dation
OVERWEIGHT
2019E    2020E
P/E
ratio
11.3x P/Sales
ratio
0.9x
P/BV
ratio
1.2x Div.
yield
4.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
VanEck Vectors Egypt Index ETF is an exchange traded fund incorporated in the USA. The Fund's objective is to replicate as closely as possible, before fees and expenses, the price and yield performance of the VanEck Vectors Egypt Index (the "Egypt Index"). The Fund will normally invest at least 80% of its total assets in securities that comprise the Fund's benchmark index.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Van Eck Associates Corp
Website www.vaneck.com
Inception date Feb 18, 2010
Assets (mns) $31
Currency USD
Expense ratio 98 bp
Distributions Annually

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 26
Wgt avg mkt cap (mns) $688
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 10.5%
Small cap (<$2bn) 89.5%
Developed mkts 6.8%
Emerging mkts 93.2%

TOP TEN HOLDINGS
EGYPTIAN KUWAITI HOLDING CO 7.5 %
EASTERN TOBACCO 7.1 %
T M G HOLDING 6.1 %
ELSWEDY CABLES HOLDING CO 5.3 %
MEDINET NASR HOUSING 4.6 %
CENTAMIN EGYPT LTD 4.6 %
JUHAYNA FOOD INDUSTRIES 4.3 %
TELECOM EGYPT 3.7 %
HELIOPOLIS HOUSING 3.2 %
SIX OF OCTOBER DEVELOPMENT 3.1 %
Total 49.6 %

TOP COUNTRY EXPOSURE
EGYPT 61.5 %
BRITAIN 4.6 %









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.
6.8% 6.8% -12.0% -- -7.8%

Market Correlations
versus... Beta R-squared
S&P500 0.54 9%
MSCI EAFE 0.67 11%
MSCI Emg. Mkts. 0.51 12%

Technical Indicators
Recent close $28.70
30d moving avg. $29.01
Annualized volatility 21.6%
Short interest (ETF) 0.9%
Relative strength (RSI) 46

Liquidity measures
Avg. volume (thou.) 17
Turnover 1.6%
Bid/Ask (% of price) 1.22%
ADV underlying (mns) $18

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: EGPT Expense: 98 bp ALTAR Score™: 8.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH EGPT
Ticker Fund
Name
Overlap1
vs EGPT
(%)
Expense
ratio
(bp)
Savings
vs EGPT
(bp)
ALTAR
Score™
(%)
ALTAR
vs EGPT
(%)
GOEX Global X Gold Explorers 4.3 65 33 2.2 -6.5
GDXJ VanEck Vectors Jr. Gold Miners 1.5 53 45 2.3 -6.4
CEY VictoryShares Emg. Mkt. High Dividend Volatility Wtd. 1.5 50 48 12.5 +3.8
RING iShares MSCI Global Gold Miners 1.4 39 59 2.7 -6.0
GULF WisdomTree Middle East Dividend 1.2 88 10 7.6 -1.1
REDV Invesco Emerging Markets Ultra Dividend Revenue ETF 1.1 46 52 14.1 +5.3
GDX VanEck Vectors Gold Miners ETF 1.0 52 46 2.4 -6.4
SGDJ ALPS Sprott Junior Gold Miners 0.8 50 48 2.5 -6.2
AFK VanEck Vectors Africa 0.7 78 20 4.9 -3.8
FEMS First Trust Emerging Markets Small Cap 0.7 80 18 9.3 +0.6
EWEM Invesco MSCI Emerging Market Equal Weight 0.6 70 28 8.5 -0.3
EWX SPDR S&P Emerging Markets Small Cap 0.5 65 33 7.2 -1.5
EWUS iShares MSCI United Kingdom Small Cap 0.4 59 39 7.3 -1.4
EEMS iShares MSCI Emerging Market Small Cap 0.4 67 31 6.4 -2.3
AVDV Avantis International Small Cap Value 0.4 36 62 7.1 -1.7
ISCF iShares FactorSelect MSCI Intl Small-Cap 0.3 40 58 7.0 -1.7
CEZ Victory CEMP Emerging Market Volatility Weighted 0.3 50 48 8.6 -0.1
FLIO Franklin Liberty International Opportunities 0.2 60 38 6.6 -2.1
ISDS Invesco Strategic Developed ex-US Small Company 0.2 35 63 5.0 -3.7
TLTE FlexShares Mngstr Emerging Markets Factor Tilt 0.1 59 39 12.0 +3.3

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 Egypt Index
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 10.5 %
Divided by: Fwd. P/BV 1.1 x
Less: Expense ratio 98 bp
Equals: ALTAR Score 8.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.13 CATEGORY
AVERAGE
1.48
 
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.