VanEck Vectors Agribusiness ETF
ALTAR
Score™
5.8% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
16.0x P/Sales
ratio
1.0x
P/BV
ratio
1.6x Div.
yield
2.3%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Agribusiness ETF seeks to replicate, before fees and expenses, the performance of the DAXglobalSM Agribusiness Index. The Index tracks securities of companies involved in the agriculture business traded on leading global exchanges.

FUND BASICS
Category Global Equities
Fund Sponsor Van Eck Associates
Website www.vaneck.com
Inception date Sep 05, 2007
Assets (mns) $607
Currency USD
Expense ratio 54 bp
Distributions Annually

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 51
Wgt avg mkt cap (mns) $26,416
Large cap (>$10bn) 71.4%
Mid cap ($2-10bn) 26.9%
Small cap (<$2bn) 1.7%
Developed mkts 90.5%
Emerging mkts 9.5%

TOP TEN HOLDINGS
ZOETIS INC 9.2 %
BAYER AG 8.4 %
DEERE & CO 7.3 %
IDEXX LABORATORIES INC 5.4 %
CORTEVA INC 4.8 %
TYSON FOODS INC-CL A 4.8 %
ARCHER-DANIELS-MIDLAND CO 4.4 %
KUBOTA CORP 3.7 %
MARINE HARVEST 2.9 %
TRACTOR SUPPLY COMPANY 2.9 %
Total 53.7 %

TOP COUNTRY EXPOSURE
UNITED STATES 53.2 %
GERMANY 8.9 %
NORWAY 6.0 %
JAPAN 5.1 %
BRITAIN 3.1 %
MALAYSIA 2.9 %
SINGAPORE 2.7 %
AUSTRALIA 2.0 %
BRAZIL 1.7 %
HONG KONG 1.5 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru January 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-5.7% 6.6% 6.1% 6.5% 4.5%

Market Correlations
versus... Beta R-squared
S&P500 0.88 75%
MSCI EAFE 0.95 71%
MSCI Emg. Mkts. 0.68 63%

Technical Indicators
Recent close $60.11
30d moving avg. $66.56
Annualized volatility 12.4%
Short interest (ETF) 0.2%
Relative strength (RSI) 28

Liquidity measures
Avg. volume (thou.) 47
Turnover 0.5%
Bid/Ask (% of price) 0.13%
ADV underlying (mns) $2,624

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: MOO Expense: 54 bp ALTAR Score™: 5.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH MOO
Ticker Fund
Name
Overlap1
vs MOO
(%)
Expense
ratio
(bp)
Savings
vs MOO
(bp)
ALTAR
Score™
(%)
ALTAR
vs MOO
(%)
VEGI iShares MSCI Global Agriculture Producers ETF 46.5 39 15 6.1 +0.3
FTAG First Trust Indxx Global Agriculture ETF 44.2 70 -16 6.6 +0.8
DIET Defiance Next Gen Food & Agriculture ETF 35.2 30 24 5.0 -0.8
HAP VanEck Vectors Natural Resources ETF 30.4 50 4 7.0 +1.2
GUNR Flexshares Morningstar Global Upstream Natural Resources 22.4 46 8 6.7 +0.9
NANR SPDR S&P North American Natural Resources ETF 15.3 35 19 4.8 -1.0
FTXG First Trust Nasdaq Food & Beverage ETF 11.4 60 -6 6.2 +0.4
SOIL Global X Fertilizers/Potash ETF 10.7 69 -15 5.4 -0.4
FXG First Trust Consumer Staples AlphaDEX Fund 10.4 64 -10 7.6 +1.8
GNR SPDR S&P Global Natural Resources ETF 10.2 40 14 7.5 +1.7
PAWZ ProShares Pet Care ETF 10.0 50 4 2.8 -3.0
RTM Invesco S&P 500 Equal Weight Materials ETF 9.8 40 14 6.7 +0.9
JHMS John Hancock Multifactor Consumer Staples ETF 9.1 40 14 5.8 -0.0
IYM iShares U.S. Basic Materials ETF 8.4 42 12 6.2 +0.4
GRES IQ Global Resources ETF 8.3 77 -23 7.9 +2.1
XLB Materials Select Sector SPDR Fund 7.6 13 41 6.6 +0.8
IHE iShares U.S. Pharmaceuticals ETF 7.0 42 12 5.7 -0.1
PPH VanEck Vectors Pharmaceutical ETF 7.0 36 18 10.1 +4.3
NORW Global X MSCI Norway ETF 6.9 50 4 11.2 +5.4
ENOR iShares MSCI Norway Capped ETF 6.9 53 1 11.1 +5.3

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%.

Content on this tab for subscribers only**

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

Content on this tab for subscribers only

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 Agribusiness 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 9.9 %
Divided by: Fwd. P/BV 1.6 x
Less: Expense ratio 54 bp
Equals: ALTAR Score 5.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.54 CATEGORY
AVERAGE
1.56
 
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.