VanEck Vectors Morningstar Int'l Moat
ALTAR
Score™
8.1% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
12.2x P/Sales
ratio
1.4x
P/BV
ratio
1.3x Div.
yield
3.9%


  • 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) $77
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) $67,853
Large cap (>$10bn) 84.4%
Mid cap ($2-10bn) 15.6%
Small cap (<$2bn) 0.0%
Developed mkts 81.5%
Emerging mkts 18.5%

TOP TEN HOLDINGS
TENCENT HOLDINGS LTD 2.4 %
SJM HOLDINGS LIMITED 2.4 %
ROCHE HOLDING AG-GENUSSCHEIN 2.3 %
ENBRIDGE INC 2.2 %
GRIFOLS, S.A. CLASS A 2.2 %
ABB LTD. 2.2 %
KBC GROEP NV 2.2 %
BAYER AG 2.2 %
SANDS CHINA LTD 2.1 %
CHINA CONSTRUCTION BANK-H 2.1 %
Total 22.2 %

TOP COUNTRY EXPOSURE
CHINA 16.3 %
JAPAN 12.1 %
BRITAIN 11.5 %
HONG KONG 10.2 %
SWITZERLAND 8.4 %
GERMANY 6.7 %
CANADA 6.2 %
SINGAPORE 4.8 %
SPAIN 4.1 %
FRANCE 3.4 %

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.
-5.6% 1.9% -- -- 3.8%

Market Correlations
versus... Beta R-squared
S&P500 0.91 66%
MSCI EAFE 1.15 87%
MSCI Emg. Mkts. 0.86 84%

Technical Indicators
Recent close $31.31
30d moving avg. $31.73
Annualized volatility 13.6%
Short interest (ETF) 0.0%
Relative strength (RSI) 46

Liquidity measures
Avg. volume (thou.) 21
Turnover 0.9%
Bid/Ask (% of price) 0.35%
ADV underlying (mns) $9,347

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the VanEck Vectors Morningstar Int'l Moat 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™: 8.1%


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
(%)
DOL WisdomTree Int'l Large Cap Dividend 17.4 48 9 7.7 -0.5
IDY Pacific Global International Equity Income 17.1 39 18 8.2 +0.1
CHIL Global X MSCI China Large-Cap 50 15.4 29 28 9.4 +1.3
EFV iShares MSCI EAFE Value 15.1 38 19 8.9 +0.8
DTH WisdomTree DEFA Equity Income 15.0 58 -1 8.5 +0.4
VYMI Vanguard Int'l High Dividend Yield 14.5 32 25 9.1 +1.0
FLIO Franklin Liberty International Opportunities 14.5 60 -3 6.4 -1.7
GOAT VanEck Vectors Morningstar Global Wide Moat 14.0 52 5 5.1 -3.0
RIDV Invesco International Ultra Dividend Revenue ETF 13.9 42 15 9.2 +1.1
IVLU iShares MSCI Int'l Developed Value Factor 13.9 30 27 10.5 +2.4
2800-HK Tracker Fund of Hong Kong 13.9 9 48 9.2 +1.1
IDOG ALPS International Sector Dividend Dogs 13.8 50 7 8.4 +0.3
IEV iShares S&P Europe 350 13.8 59 -2 6.2 -1.9
DOO WisdomTree Int'l Dividend Ex-Financials 13.7 58 -1 8.2 +0.0
MCHI iShares MSCI China 13.4 59 -2 8.4 +0.3
BBEU JPMorgan BetaBuilders Europe 13.3 9 48 6.7 -1.5
DBEU Xtrackers Europe Hedged 13.2 45 12 6.1 -2.0
FLEE Franklin FTSE Europe 13.1 9 48 6.7 -1.5
CID Victory CEMP International High Div Volatility Wtd 13.1 45 12 9.0 +0.9
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE 13.1 30 27 6.4 -1.8

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

  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 Int'l Moat
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 10.7 %
Divided by: Fwd. P/BV 1.2 x
Less: Expense ratio 57 bp
Equals: ALTAR Score 8.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.48 CATEGORY
AVERAGE
1.64
 
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.