Vanguard Mega Cap 300 Growth
ALTAR
Score™
5.1% info Recommen-
dation
UNDERWEIGHT
2019E    2020E
P/E
ratio
26.4x P/Sales
ratio
4.2x
P/BV
ratio
6.6x Div.
yield
1.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Vanguard Mega Cap 300 Growth ETF seeks investment results that correspond to the price and yield of the MSCI US Large Cap Growth Index.

FUND BASICS
Category US Equities
Fund Sponsor Vanguard Group Inc/The
Website www.vanguard.com
Inception date Dec 21, 2007
Assets (mns) $4,698
Currency USD
Expense ratio 7 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 114
Wgt avg mkt cap (mns) $452,640
Large cap (>$10bn) 99.8%
Mid cap ($2-10bn) 0.2%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
MICROSOFT CORP 10.4 %
APPLE INC 9.8 %
AMAZON.COM INC 7.0 %
FACEBOOK 4.3 %
ALPHABET INC. CLASS A 3.6 %
ALPHABET INC. CLASS C 3.6 %
VISA INC-CLASS A SHARES 2.9 %
HOME DEPOT INC 2.4 %
MASTERCARD INC-CLASS A 2.3 %
COMCAST CORP-CL A 1.9 %
Total 48.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.3 %
BRITAIN 1.5 %
IRELAND 1.1 %








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.
27.7% 17.0% 12.6% 15.0% 10.3%

Market Correlations
versus... Beta R-squared
S&P500 1.03 90%
MSCI EAFE 0.94 63%
MSCI Emg. Mkts. 0.66 51%

Technical Indicators
Recent close $137.51
30d moving avg. $134.03
Annualized volatility 13.1%
Short interest (ETF) 0.1%
Short interest (Underlying) 2.1%
Relative strength (RSI) 59

Liquidity measures
Avg. volume (thou.) 180
Turnover 0.5%
Bid/Ask (% of price) 0.03%
ADV underlying (mns) $61,971

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the Vanguard Mega Cap 300 Growth ETF based on the alternatives' overlap in portfolio holdings with MGK. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: MGK Expense: 7 bp ALTAR Score™: 5.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH MGK
Ticker Fund
Name
Overlap1
vs MGK
(%)
Expense
ratio
(bp)
Savings
vs MGK
(bp)
ALTAR
Score™
(%)
ALTAR
vs MGK
(%)
VUG Vanguard Growth ETF 81.6 4 3 4.9 -0.2
IWY iShares Russell Top 200 Growth 78.6 20 -13 5.1 +0.1
SCHG Schwab U.S. Large-Cap Growth 66.8 4 3 5.0 -0.1
IWF iShares Russell 1000 Growth 65.3 19 -12 5.0 -0.0
VONG Vanguard Russell 1000 Growth 64.8 12 -5 5.1 +0.0
TMFC Motley Fool 100 Index 64.5 50 -43 4.4 -0.6
QQQ Invesco QQQ 60.5 20 -13 5.3 +0.2
QYLD Global X NASDAQ 100 Covered Call ETF 60.5 60 -53 4.9 -0.2
IETC iShares Evolved U.S. Technology 60.2 18 -11 4.9 -0.2
JKE iShares Morningstar Large Cap Growth 58.6 25 -18 4.1 -0.9
IGM iShares S&P N. American Technology 58.6 46 -39 4.6 -0.4
SPYG SPDR Portfolio S&P 500 Growth 57.1 4 3 5.1 +0.1
IVW iShares S&P 500 Growth 57.0 18 -11 5.0 -0.1
VOOG Vanguard S&P 500 Growth 56.9 15 -8 5.0 -0.0
OQAL Invesco Russell 1000 Quality Factor ETF 54.8 19 -12 5.3 +0.3
XOUT GraniteShares XOUT US Large Cap 54.0 60 -53 5.2 +0.1
IUSG iShares Core U.S. Growth 53.5 4 3 5.1 +0.1
XLG Invesco S&P Top 50 51.0 20 -13 5.2 +0.1
IWL iShares Russell Top 200 50.1 15 -8 5.7 +0.7
MGC Vanguard Mega Cap 300 ETF 49.2 7 0 5.9 +0.8

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

Content on this tab for subscribers only

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:
Vanguard Mega Cap 300 Growth
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 28.2 %
Divided by: Fwd. P/BV 5.5 x
Less: Expense ratio 7 bp
Equals: ALTAR Score 5.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.38 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.