Vanguard Mega Cap 300 Value
ALTAR
Score™
7.1% info Recommen-
dation
OVERWEIGHT
2019E    2020E
P/E
ratio
15.1x P/Sales
ratio
1.7x
P/BV
ratio
2.3x Div.
yield
2.7%


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

FUND BASICS
Category US Equities
Fund Sponsor Vanguard Group
Website www.vanguard.com
Inception date Dec 21, 2007
Assets (mns) $2,666
Currency USD
Expense ratio 7 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian #N/A Field Not Applicable
Weighting Multi-Factor
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 156
Wgt avg mkt cap (mns) $177,070
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
BERKSHIRE HATHAWAY INC-CL B 3.8 %
JPMORGAN CHASE & CO 3.5 %
JOHNSON & JOHNSON 3.1 %
PROCTER & GAMBLE CO/THE 2.6 %
EXXON MOBIL CORP 2.6 %
AT&T INC 2.5 %
BANK OF AMERICA CORP 2.4 %
WALT DISNEY CO/THE 2.3 %
INTEL CORP 2.3 %
UNITEDHEALTH GROUP INC 2.2 %
Total 27.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.2 %
IRELAND 2.8 %
SWITZERLAND 0.8 %
BRITAIN 0.2 %







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.
18.1% 11.5% 9.6% 12.5% 7.1%

Market Correlations
versus... Beta R-squared
S&P500 0.94 91%
MSCI EAFE 0.79 54%
MSCI Emg. Mkts. 0.52 39%

Technical Indicators
Recent close $84.61
30d moving avg. $82.85
Annualized volatility 11.9%
Short interest (ETF) 0.1%
Short interest (Underlying) 1.7%
Relative strength (RSI) 81

Liquidity measures
Avg. volume (thou.) 78
Turnover 0.3%
Bid/Ask (% of price) 0.03%
ADV underlying (mns) $50,121

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: MGV Expense: 7 bp ALTAR Score™: 7.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH MGV
Ticker Fund
Name
Overlap1
vs MGV
(%)
Expense
ratio
(bp)
Savings
vs MGV
(bp)
ALTAR
Score™
(%)
ALTAR
vs MGV
(%)
VTV Vanguard Value ETF 84.0 4 3 7.2 +0.2
IWX iShares Russell Top 200 Value 73.7 20 -13 7.0 -0.1
SCHV Schwab U.S. Large-Cap Value 69.0 4 3 7.0 -0.1
VYM Vanguard High Dividend Yield ETF 67.4 6 1 7.3 +0.2
OYLD Invesco Russell 1000 Yield Factor ETF 66.4 19 -12 7.1 0.0
IWD iShares Russell 1000 Value 63.5 19 -12 7.0 -0.1
VONV Vanguard Russell 1000 Value 63.3 12 -5 7.1 +0.0
DLN WisdomTree Large Cap Dividend 62.3 28 -21 6.5 -0.6
SPYV SPDR Portfolio S&P 500 Value 59.7 4 3 7.2 +0.1
IVE iShares S&P 500 Value 59.6 18 -11 7.0 -0.1
VOOV Vanguard S&P 500 Value 59.3 15 -8 7.0 -0.0
JKF iShares Morningstar Large Value 55.9 25 -18 7.8 +0.7
IUSV iShares Core U.S. Value 55.7 4 3 7.2 +0.1
DIVB iShares U.S. Dividend & Buyback 55.4 25 -18 6.7 -0.4
DTD WisdomTree Total Dividend 54.4 28 -21 6.6 -0.5
OEF iShares S&P 100 53.9 20 -13 5.5 -1.6
FNDX Schwab Fundamental Large Cap 53.6 25 -18 6.7 -0.4
PRF Invesco FTSE-RAFI U.S. 1000 53.4 39 -32 6.7 -0.4
DGRO iShares Core Dividend Growth 53.4 8 -1 6.4 -0.7
SPXT ProShares S&P 500 Ex-Technology 53.3 27 -20 6.0 -1.1

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 Value
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 15.3 %
Divided by: Fwd. P/BV 2.1 x
Less: Expense ratio 7 bp
Equals: ALTAR Score 7.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.55 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.