VanEck Vectors Morningstar Wide Moat ETF
ALTAR
Score™
6.2% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
20.6x P/Sales
ratio
2.6x
P/BV
ratio
3.0x Div.
yield
2.2%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
VanEck Vectors Morningstar Wide Moat Focus Fund is an exchange-traded fund incorporated in the USA. The Fund seeks to seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Morningstar Wide Moat Focus Index.

FUND BASICS
Category US Equities
Fund Sponsor Bank of New York Mellon Bank
Website www.vaneck.com
Inception date Apr 25, 2012
Assets (mns) $3,235
Currency USD
Expense ratio 49 bp
Distributions Annually

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 47
Wgt avg mkt cap (mns) $156,529
Large cap (>$10bn) 86.3%
Mid cap ($2-10bn) 8.6%
Small cap (<$2bn) 5.2%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
VEEVA SYSTEMS INC-CLASS A 3.7 %
SERVICENOW INC 3.4 %
AMAZON.COM INC 3.3 %
FACEBOOK 3.0 %
BLACKROCK INC 2.8 %
INTEL CORP 2.8 %
MICROCHIP TECHNOLOGY INC 2.8 %
CORE LABORATORIES N.V. 2.7 %
SALESFORCE.COM INC 2.7 %
GUIDEWIRE SOFTWARE INC 2.7 %
Total 30.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 94.9 %
NETHERLANDS 2.8 %
IRELAND 2.4 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-5.0% 17.6% 12.5% -- 13.5%

Market Correlations
versus... Beta R-squared
S&P500 1.07 94%
MSCI EAFE 1.07 81%
MSCI Emg. Mkts. 0.81 70%

Technical Indicators
Recent close $52.13
30d moving avg. $49.12
Annualized volatility 18.7%
Short interest (ETF) 0.0%
Short interest (Underlying) 4.3%
Relative strength (RSI) 60

Liquidity measures
Avg. volume (thou.) 558
Turnover 0.9%
Bid/Ask (% of price) 0.03%
ADV underlying (mns) $64,943

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the VanEck Vectors Morningstar Wide Moat ETF ETF based on the alternatives' overlap in portfolio holdings with MOAT. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: MOAT Expense: 49 bp ALTAR Score™: 6.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH MOAT
Ticker Fund
Name
Overlap1
vs MOAT
(%)
Expense
ratio
(bp)
Savings
vs MOAT
(bp)
ALTAR
Score™
(%)
ALTAR
vs MOAT
(%)
GOAT VanEck Vectors Morningstar Global Wide Moat ETF 44.5 52 -3 5.5 -0.7
EQWL Invesco Russell Top 200 Equal Weight ETF 25.2 25 24 6.1 -0.1
OEF iShares S&P 100 ETF 25.1 20 29 5.0 -1.2
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 24.1 12 37 4.9 -1.3
FVAL Fidelity Value Factor ETF 23.9 29 20 8.2 +2.1
FMK First Trust Mega Cap AlphaDEX Fund 23.5 70 -21 5.3 -0.8
IWX iShares Russell Top 200 Value ETF 23.4 20 29 7.1 +0.9
MGV Vanguard Mega Cap Value ETF 22.8 7 42 7.2 +1.1
IWL iShares Russell Top 200 ETF 22.7 15 34 5.2 -0.9
XLG Invesco S&P 500 Top 50 ETF 22.3 20 29 4.7 -1.4
MGC Vanguard Mega Cap Index Fund 22.1 7 42 5.4 -0.8
BVAL Brand Value ETF 21.7 65 -16 6.2 +0.0
PBP Invesco S&P 500 BuyWrite ETF 21.6 49 0 5.1 -1.1
HSPX Global X S&P 500 Covered Call ETF 21.3 65 -16 5.0 -1.2
SPXT ProShares S&P 500 Ex-Technology ETF 21.2 27 22 5.7 -0.5
SPXE ProShares S&P 500 Ex-Energy ETF 20.7 27 22 5.5 -0.7
SFY SoFi Select 500 ETF 20.7 0 49 5.4 -0.8
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 20.5 20 29 5.6 -0.6
VTV Vanguard Value Index Fund 20.4 4 45 7.4 +1.2
JKD iShares Morningstar Large-Cap ETF 20.3 20 29 6.0 -0.2
SPLG SPDR Portfolio Large Cap ETF 20.3 3 46 5.6 -0.6
SPY SPDR S&P 500 ETF Trust 20.3 9 40 5.5 -0.7
IVV iShares Core S&P 500 ETF 20.3 4 45 5.6 -0.6
VOO VANGUARD S&P 500 ETF 20.1 3 46 5.6 -0.6
SNPE Xtrackers S&P 500 ESG ETF 20.0 11 38 5.3 -0.9
DGRO iShares Core Dividend Growth ETF 20.0 8 41 6.6 +0.5
VV Vanguard Large-Cap Index Fund 19.9 4 45 5.4 -0.7
BBUS JP Morgan Betabuilders U.S. Equity ETF 19.7 2 47 5.5 -0.7
DGRW WisdomTree U.S. Quality Dividend Growth Fund 19.6 28 21 6.6 +0.5
SCHV Schwab U.S. Large-Cap Value ETF 19.6 4 45 7.2 +1.0
PBUS Invesco PureBeta MSCI USA ETF 19.4 4 45 5.4 -0.7
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 19.4 15 34 6.4 +0.3
DUSA Davis Select U.S. Equity ETF 19.3 63 -14 5.9 -0.3
SCHX Schwab U.S. Large-Cap ETF 19.3 3 46 5.5 -0.7
XOUT GraniteShares XOUT U.S. Large Cap ETF 19.2 60 -11 4.6 -1.6
EPS WisdomTree U.S. Earnings 500 Fund 19.1 8 41 6.6 +0.4
SPTM SPDR Portfolio Total Stock Market ETF 19.1 3 46 5.7 -0.5
SPXV ProShares S&P 500 Ex-Health Care ETF 19.0 27 22 5.2 -0.9
DLN WisdomTree U.S. LargeCap Dividend Fund 19.0 28 21 6.5 +0.3
CATH Global X S&P 500 Catholic Values Custom ETF 19.0 29 20 5.4 -0.7
IWB iShares Russell 1000 ETF 18.9 15 34 5.3 -0.8
SCHK Schwab 1000 Index ETF 18.8 5 44 5.4 -0.7
USDY Pacific Global US Equity Income ETF 18.8 29 20 8.0 +1.8
RFDA RiverFront Dynamic US Dividend Advantage ETF 18.8 52 -3 6.1 -0.1
VONE Vanguard Russell 1000 ETF 18.7 8 41 5.4 -0.7
IYY iShares Dow Jones U.S. ETF 18.7 20 29 5.3 -0.8
SPYV SPDR Portfolio S&P 500 Value ETF 18.6 4 45 7.4 +1.3
EDOW First Trust Dow 30 Equal Weight ETF 18.6 50 -1 5.9 -0.2
IVE iShares S&P 500 Value ETF 18.6 18 31 7.3 +1.1
VYM Vanguard High Dividend Yield Index ETF 18.4 6 43 7.3 +1.2
VOOV Vanguard S&P 500 Value ETF 18.4 15 34 7.3 +1.2
IWD iShares Russell 1000 Value ETF 18.3 19 30 7.2 +1.0
DIVB iShares U.S. Dividend & Buyback ETF 18.3 25 24 6.6 +0.5
SPXN ProShares S&P 500 Ex-Financials ETF 18.3 27 22 5.2 -1.0
TECB iShares US Tech Breakthrough Multisector ETF 18.3 40 9 4.1 -2.0
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 18.2 20 29 5.1 -1.1
VONV Vanguard Russell 1000 Value Index Fund 18.1 8 41 7.3 +1.1
SCHB Schwab U.S. Broad Market ETF 18.1 3 46 5.4 -0.8
DURA VanEck Vectors Morningstar Durable Dividend ETF 18.1 29 20 7.0 +0.9
ITOT iShares Core S&P Total U.S. Stock Market ETF 18.1 3 46 5.3 -0.8
IWV iShares Russell 3000 ETF 18.1 20 29 5.2 -1.0
VTI Vanguard Total Stock Market Index Fund 18.1 3 46 5.3 -0.8
ESGU iShares MSCI USA ESG Optimized ETF 18.0 15 34 5.2 -0.9
NACP Impact Shares NAACP Minority Empowerment ETF 18.0 75 -26 4.6 -1.5
VTHR Vanguard Russell 3000 Index Fund 18.0 10 39 5.3 -0.9
EXT WisdomTree U.S. Total Earnings Fund 17.7 28 21 5.9 -0.3
IUSV iShares Core S&P U.S. Value ETF 17.6 4 45 7.5 +1.3
XNTK SPDR Morgan Stanley Technology ETF 17.5 35 14 4.1 -2.1
PWV Invesco Dynamic Large Cap Value ETF 17.3 55 -6 8.4 +2.2
RAFE PIMCO RAFI ESG U.S. ETF 17.3 29 20 7.8 +1.6
QUAL iShares MSCI Usa Quality Factor ETF 17.3 15 34 5.5 -0.7
TMFC Motley Fool 100 Index ETF 17.2 50 -1 4.0 -2.2
PRF Invesco FTSE RAFI US 1000 ETF 17.1 39 10 6.9 +0.8
GVIP Goldman Sachs Hedge Industry VIP ETF 17.1 45 4 5.1 -1.1
OUSA O'Shares FTSE US Quality Dividend ETF 17.0 48 1 5.8 -0.4
ESG FlexShares STOXX US ESG Impact Index Fund 16.9 32 17 5.3 -0.9
WOMN Impact Shares YWCA Women's Empowerment ETF 16.9 75 -26 4.6 -1.5
DTD WisdomTree U.S.Total Dividend Fund 16.9 28 21 6.7 +0.6
IUS Invesco Strategic US ETF 16.8 19 30 6.3 +0.1
VLU SPDR S&P 1500 Value Tilt ETF 16.8 12 37 7.5 +1.3
AIQ Global X Future Analytics Tech ETF 16.7 68 -19 4.2 -1.9
ESGV Vanguard ESG U.S. Stock ETF 16.7 12 37 5.4 -0.8
SYV SPDR MFS Systematic Value Equity ETF 16.6 60 -11 7.4 +1.3
DJD Invesco Dow Jones Industrial Average Dividend ETF 16.5 7 42 6.7 +0.6
FLQL Franklin LibertyQ U.S. Equity ETF 16.5 15 34 6.4 +0.2
MTUM iShares Edge MSCI USA Momentum Factor ETF 16.5 15 34 4.8 -1.4
FNDX Schwab Fundamental U.S. Large Co. Index ETF 16.3 25 24 6.7 +0.5
MMTM SPDR S&P 1500 Momentum Tilt ETF 16.3 12 37 5.1 -1.0
RECS Columbia Research Enhanced Core ETF 16.2 15 34 5.7 -0.4
FDRR Fidelity Dividend ETF for Rising Rates 16.2 29 20 7.1 +1.0
SPYG SPDR Portfolio S&P 500 Growth ETF 16.1 4 45 4.5 -1.6
IVW iShares S&P 500 Growth ETF 16.1 18 31 4.4 -1.8
VOOG Vanguard S&P 500 Growth ETF 16.0 10 39 4.5 -1.7
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 16.0 25 24 6.3 +0.1
SYG SPDR MFS Systematic Growth Equity ETF 16.0 60 -11 4.7 -1.5
ADME Aptus Drawdown Managed Equity ETF 15.9 81 -32 3.8 -2.3
DWLD Davis Select Worldwide ETF 15.9 64 -15 6.9 +0.7
RWL Invesco S&P 500 Revenue ETF 15.9 39 10 6.9 +0.8
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 15.8 9 40 5.6 -0.5
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 15.7 49 0 4.2 -1.9

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

  2015 2016 2017 2018 2019 2020E 2021E
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
  2019 2020E 2021E
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 Wide Moat ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 19.2 %
Divided by: Fwd. P/BV 2.9 x
Less: Expense ratio 49 bp
Equals: ALTAR Score 6.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.49 CATEGORY
AVERAGE
1.53
 
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.