VanEck Vectors Morningstar International Moat ETF
ALTAR
Score™
10.6% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
10.5x P/Sales
ratio
1.0x
P/BV
ratio
0.9x Div.
yield
4.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The VanEck Vectors Morningstar International Moat ETF seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Morningstar Global ex-US Moat Focus Index

FUND BASICS
Category International Equities
Fund Sponsor Van Eck Associates
Website www.vaneck.com
Inception date Jul 13, 2015
Assets (mns) $53
Currency USD
Expense ratio 57 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-End Investment Company
Custodian Bank of New York Mellon
Weighting Equal
Index replication Full
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 72
Wgt avg mkt cap (mns) $44,743
Large cap (>$10bn) 69.4%
Mid cap ($2-10bn) 30.6%
Small cap (<$2bn) 0.0%
Developed mkts 83.4%
Emerging mkts 16.7%

TOP TEN HOLDINGS
BANK OF CHINA LTD - H 2.4 %
IND & COMM BK OF CHINA - H 2.4 %
BRITISH AMERICAN TOBACCO PLC 2.4 %
ORANGE SA 2.3 %
JAPAN TOBACCO INC 2.2 %
FRESENIUS SE 2.1 %
BAYER AG 2.1 %
VODAFONE GROUP PLC 2.1 %
OVERSEA-CHINESE BANKING CORP 2.1 %
TAKEDA PHARMACEUTICAL CO LTD 2.1 %
Total 22.1 %

TOP COUNTRY EXPOSURE
CHINA 14.1 %
JAPAN 13.7 %
SWITZERLAND 12.3 %
GERMANY 11.8 %
BRITAIN 11.3 %
HONG KONG 6.5 %
FRANCE 5.8 %
SINGAPORE 3.9 %
MACAU 3.8 %
SPAIN 3.1 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-23.2% -18.1% -- -- -0.8%

Market Correlations
versus... Beta R-squared
S&P500 0.92 78%
MSCI EAFE 1.00 89%
MSCI Emg. Mkts. 0.81 87%

Technical Indicators
Recent close $23.37
30d moving avg. $25.70
Annualized volatility 15.8%
Short interest (ETF) 0.0%
Relative strength (RSI) 36

Liquidity measures
Avg. volume (thou.) 29
Turnover 1.3%
Bid/Ask (% of price) 0.89%
ADV underlying (mns) $6,945

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the VanEck Vectors Morningstar International Moat ETF ETF based on the alternatives' overlap in portfolio holdings with MOTI. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: MOTI Expense: 57 bp ALTAR Score™: 10.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH MOTI
Ticker Fund
Name
Overlap1
vs MOTI
(%)
Expense
ratio
(bp)
Savings
vs MOTI
(bp)
ALTAR
Score™
(%)
ALTAR
vs MOTI
(%)
IDY Pacific Global International Equity Income ETF 17.4 39 18 11.0 +0.4
DOL WisdomTree International LargeCap Dividend Fund 16.5 48 9 10.8 +0.2
DTH WisdomTree DEFA Equity Income Fund 15.7 58 -1 12.5 +1.9
GOAT VanEck Vectors Morningstar Global Wide Moat ETF 15.7 52 5 7.0 -3.6
IDOG ALPS International Sector Dividend Dogs ETF 15.2 50 7 13.7 +3.0
IEV iShares Europe ETF 14.7 59 -2 8.6 -2.0
EFV iShares MSCI EAFE Value ETF 14.7 39 18 12.7 +2.1
FIDI Fidelity International High Dividend ETF 14.5 39 18 16.3 +5.7
VYMI Vanguard International High Dividend Yield ETF 14.4 32 25 12.4 +1.8
DOO WisdomTree International Dividend ex-Financials Fund 14.3 58 -1 11.1 +0.5
BBEU JPMorgan BetaBuilders Europe ETF 14.1 9 48 9.1 -1.5
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 14.0 30 27 8.6 -2.1
FLEE Franklin FTSE Europe ETF 14.0 9 48 8.8 -1.8
CID Victory CEMP Intl High Dividend Volatility Wtd Index ETF 13.8 45 12 15.0 +4.4
DBEU Xtrackers MSCI Europe Hedged Equity ETF 13.8 45 12 8.4 -2.3
FLEH Franklin FTSE Europe Hedged ETF 13.7 9 48 8.8 -1.8
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 13.5 45 12 11.5 +0.9
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 13.5 35 22 11.0 +0.4
DWM WisdomTree International Equity Fund 13.4 48 9 10.7 +0.1
IEUR iShares Core MSCI Europe ETF 13.1 9 48 9.2 -1.4
VGK Vanguard FTSE Europe ETF 13.1 8 49 9.3 -1.3
LVHI Legg Mason International Low Volatility High Dividend ETF 12.3 40 17 12.0 +1.3
IVLU iShares Edge MSCI Intl Value Factor ETF 12.1 30 27 14.3 +3.7
FEU SPDR Portfolio Europe ETF 12.1 9 48 9.2 -1.5
FNDF Schwab Fundamental International Large Co. Index ETF 12.0 25 32 11.2 +0.6
EFA iShares MSCI EAFE ETF 12.0 32 25 9.0 -1.6
CWI SPDR MSCI ACWI ex-US ETF 12.0 30 27 9.4 -1.2
CHIL Global X MSCI China Large-Cap 50 ETF 11.9 29 28 10.6 -0.1
JHMD John Hancock Multifactor Developed International ETF 11.8 45 12 9.4 -1.2
ACWX iShares MSCI ACWI ex U.S. ETF 11.6 32 25 9.4 -1.2
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 11.5 35 22 8.8 -1.8
HFXI IQ 50 Percent Hedged FTSE International ETF 11.4 20 37 9.5 -1.1
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 11.3 20 37 9.1 -1.5
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 11.1 40 17 9.2 -1.5
VEU Vanguard FTSE All-World ex-US Index Fund 11.0 8 49 9.7 -0.9
ISDX Invesco Strategic Developed ex-US ETF 11.0 23 34 10.0 -0.6
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 11.0 7 50 9.6 -1.0
SCHF Schwab International Equity ETF 10.8 6 51 9.4 -1.3
EWL iShares MSCI Switzerland ETF 10.6 50 7 5.8 -4.9
ESGD iShares MSCI EAFE ESG Optimized ETF 10.6 20 37 9.1 -1.5
IEFA iShares Core MSCI EAFE ETF 10.5 7 50 9.3 -1.4
DMDV AAM S&P Developed Markets High Dividend Value ETF 10.4 39 18 14.0 +3.4
FLSW Franklin FTSE Switzerland ETF 10.4 9 48 6.3 -4.3
IDEV iShares Core MSCI International Developed Markets ETF 10.4 5 52 9.3 -1.4
IXUS ishares Core MSCI Total International Stock ETF 10.3 9 48 9.5 -1.1
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 10.3 25 32 8.4 -2.2
IQIN IQ 500 International ETF 10.1 25 32 11.3 +0.7
DGT SPDR Global Dow ETF 10.1 50 7 8.8 -1.8
VXUS Vanguard Total International Stock Index Fund 10.1 8 49 9.7 -0.9
OEUR O'shares FTSE Europe Quality Dividend ETF 10.0 48 9 7.7 -2.9
SPDW SPDR Portfolio Developed World ex-US ETF 10.0 4 53 9.2 -1.4
EZU iShares MSCI Eurozone ETF 10.0 49 8 8.9 -1.7
EURZ Xtrackers Eurozone Equity ETF 9.9 9 48 9.2 -1.4
FXI iShares China Large-Cap ETF 9.9 74 -17 14.6 +3.9
VEA Vanguard FTSE Developed Markets ETF 9.7 5 52 9.5 -1.1
EKAR Innovation Shares NextGen Vehicles & Technology ETF 9.7 65 -8 13.2 +2.6
IQSI IQ Candriam ESG International Equity ETF 9.7 15 42 9.2 -1.5
IQDE FlexShares International Quality Dividend Defensive Index Fd 9.6 47 10 15.5 +4.9
FSZ First Trust Switzerland AlphaDEX Fund 9.6 80 -23 7.5 -3.1
IQDF FlexShares International Quality Dividend Index Fund 9.6 47 10 16.2 +5.5
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 9.5 20 37 13.0 +2.4
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 9.5 16 41 8.8 -1.8
PXH Invesco FTSE RAFI Emerging Markets ETF 9.4 50 7 16.0 +5.4
MCHI iShares MSCI China ETF 9.4 59 -2 10.2 -0.4
FEZ SPDR EURO STOXX 50 ETF 9.3 29 28 9.3 -1.3
IDV iShares International Select Dividend ETF 9.2 49 8 15.2 +4.5
GXC SPDR S&P China ETF 9.1 59 -2 10.1 -0.5
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 9.0 45 12 8.8 -1.8
RFEU First Trust Riverfront Dynamic Europe ETF 8.9 83 -26 6.4 -4.3
FLCH Franklin FTSE China ETF 8.8 19 38 10.4 -0.2
TTAI TrimTabs All Cap International Free-Cash-Flow ETF 8.8 61 -4 6.5 -4.1
BICK First Trust BICK Index Fund 8.8 64 -7 6.4 -4.2
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 8.7 39 18 15.3 +4.7
PDEV Principal International Multi-Factor Core Index ETF 8.7 25 32 8.5 -2.1
AIA iShares Asia 50 ETF 8.7 50 7 10.1 -0.5
RNDM Developed International Equity Select ETF 8.7 65 -8 8.2 -2.4
IQDY FlexShares International Quality Dividend Dynamic Index Fund 8.6 47 10 17.4 +6.8
HEDJ WisdomTree Europe Hedged Equity Fund 8.6 58 -1 10.0 -0.6
EWU iShares MSCI United Kingdom ETF 8.6 50 7 8.7 -1.9
QGBR SPDR MSCI UK StrategicFactors ETF 8.6 14 43 9.4 -1.2
RBIN Nationwide Risk-Based International Equity ETF 8.6 42 15 8.4 -2.2
NUDM Nuveen ESG International Developed Markets Equity ETF 8.6 40 17 8.6 -2.0
IGRO iShares International Dividend Growth ETF 8.6 22 35 9.9 -0.7
EUFN iShares MSCI Europe Financials ETF 8.6 48 9 15.3 +4.7
FLGB Franklin FTSE United Kingdom ETF 8.5 9 48 9.3 -1.3
VSGX Vanguard ESG International Stock ETF 8.5 17 40 9.2 -1.5
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 8.5 14 43 8.7 -2.0
DXGE WisdomTree Germany Hedged Equity Fund 8.3 48 9 11.9 +1.3
IXG iShares Global Financials ETF 8.3 46 11 12.7 +2.1
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 8.3 39 18 11.9 +1.3
DEW WisdomTree Global High Dividend Fund 8.3 58 -1 11.6 +0.9
FIVA Fidelity International Value Factor ETF 8.3 39 18 13.3 +2.6
EWG iShares MSCI Germany ETF 8.1 49 8 9.8 -0.8
DBGR Xtrackers MSCI Germany Hedged Equity ETF 8.0 45 12 9.9 -0.7
FLGR Franklin FTSE Germany ETF 8.0 9 48 10.0 -0.7
FGD First Trust Dow Jones Global Select Dividend Index Fund 7.9 58 -1 13.6 +3.0
GVAL Cambria Global Value ETF 7.9 69 -12 13.9 +3.3
CIL Victory CEMP International Volatility Weighted Index ETF 7.8 45 12 9.3 -1.4
DAX Global X DAX Germany ETF 7.8 20 37 10.6 +0.0

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 Morningstar International Moat ETF
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 10.1 %
Divided by: Fwd. P/BV 0.9 x
Less: Expense ratio 57 bp
Equals: ALTAR Score 10.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.49 CATEGORY
AVERAGE
1.57
 
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.