VanEck Vectors Morningstar International Moat ETF
ALTAR
Score™
8.5% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
15.9x P/Sales
ratio
1.3x
P/BV
ratio
1.2x Div.
yield
3.4%


  • 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) $55
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 73
Wgt avg mkt cap (mns) $36,102
Large cap (>$10bn) 70.2%
Mid cap ($2-10bn) 29.8%
Small cap (<$2bn) 0.0%
Developed mkts 83.0%
Emerging mkts 17.0%

TOP TEN HOLDINGS
KION GROUP AG 2.5 %
SMITHS GROUP PLC 2.4 %
FRESENIUS SE 2.3 %
NIDEC CORP 2.1 %
JULIUS BAER GROUP LTD 2.1 %
CREDIT SUISSE GROUP AG-REG 2.1 %
HOLCIM LTD-REG 2.1 %
ELEKTA AB-B SHS 2.1 %
SWEDBANK AB - A SHARES 2.0 %
BAYER AG 2.0 %
Total 21.6 %

TOP COUNTRY EXPOSURE
GERMANY 13.1 %
JAPAN 13.0 %
SWITZERLAND 12.5 %
CHINA 11.6 %
BRITAIN 8.5 %
HONG KONG 7.8 %
FRANCE 5.4 %
SWEDEN 4.1 %
SINGAPORE 3.6 %
MACAU 3.5 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-11.9% -5.2% -- -- 2.1%

Market Correlations
versus... Beta R-squared
S&P500 0.87 80%
MSCI EAFE 0.99 90%
MSCI Emg. Mkts. 0.78 87%

Technical Indicators
Recent close $29.16
30d moving avg. $28.73
Annualized volatility 16.5%
Short interest (ETF) 0.0%
Relative strength (RSI) 58

Liquidity measures
Avg. volume (thou.) 8
Turnover 0.4%
Bid/Ask (% of price) 0.35%
ADV underlying (mns) $10,750

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 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™: 8.5%


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
(%)
CID VictoryShares Intl High Dividend Volatility Wtd Index ETF 15.0 45 12 10.0 +1.6
DTH WisdomTree DEFA Equity Income Fund 14.4 58 -1 9.8 +1.3
IDY Pacific Global International Equity Income ETF 14.3 39 18 8.1 -0.4
DOO WisdomTree International Dividend ex-Financials Fund 14.1 58 -1 8.9 +0.4
DOL WisdomTree International LargeCap Dividend Fund 13.9 48 9 8.6 +0.1
IDOG ALPS International Sector Dividend Dogs ETF 13.6 50 7 11.1 +2.6
GOAT VanEck Vectors Morningstar Global Wide Moat ETF 12.9 56 1 6.0 -2.5
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 12.3 20 37 11.1 +2.6
VYMI Vanguard International High Dividend Yield ETF 12.0 32 25 10.2 +1.8
EFV iShares MSCI EAFE Value ETF 11.6 39 18 9.6 +1.2
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 11.3 35 22 8.6 +0.1
IEV iShares Europe ETF 11.2 59 -2 6.8 -1.7
EWL iShares MSCI Switzerland ETF 11.2 50 7 5.1 -3.4
DWM WisdomTree International Equity Fund 11.1 48 9 8.3 -0.1
BBEU JPMorgan BetaBuilders Europe ETF 10.8 9 48 7.3 -1.1
DBEU Xtrackers MSCI Europe Hedged Equity ETF 10.7 45 12 6.7 -1.8
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 10.7 30 27 6.8 -1.6
FLEH Franklin FTSE Europe Hedged ETF 10.7 9 48 7.1 -1.3
FLSW Franklin FTSE Switzerland ETF 10.6 9 48 5.5 -2.9
FLEE Franklin FTSE Europe ETF 10.6 9 48 7.0 -1.5
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 10.5 45 12 9.0 +0.5
EKAR Innovation Shares NextGen Vehicles & Technology ETF 10.4 95 -38 8.0 -0.4
JHMD John Hancock Multifactor Developed International ETF 10.3 39 18 7.5 -1.0
CHIL Global X MSCI China Large-Cap 50 ETF 10.1 29 28 7.9 -0.6
FSZ First Trust Switzerland AlphaDEX Fund 10.1 80 -23 6.2 -2.3
IVLU iShares Edge MSCI Intl Value Factor ETF 10.1 30 27 11.5 +3.0
DMDV AAM S&P Developed Markets High Dividend Value ETF 10.0 39 18 11.1 +2.7
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 10.0 20 37 7.1 -1.3
BKIE BNY Mellon International Equity ETF 9.8 4 53 7.5 -1.0
IEUR iShares Core MSCI Europe ETF 9.7 9 48 7.3 -1.2
VGK Vanguard FTSE Europe ETF 9.6 8 49 7.4 -1.0
GSID Goldman Sachs MarketBeta International Equity ETF 9.6 20 37 7.4 -1.1
FIDI Fidelity International High Dividend ETF 9.6 39 18 11.2 +2.7
LVHI Legg Mason International Low Volatility High Dividend ETF 9.5 40 17 9.3 +0.9
FEU SPDR Portfolio Europe ETF 9.5 9 48 7.4 -1.1
PDEV Principal International Multi-Factor Core Index ETF 9.4 25 32 8.0 -0.5
EFA iShares MSCI EAFE ETF 9.4 32 25 7.1 -1.4
FNDF Schwab Fundamental International Large Co. Index ETF 9.4 25 32 8.9 +0.4
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 9.3 35 22 6.9 -1.5
EWG iShares MSCI Germany ETF 9.3 49 8 6.9 -1.6
DBGR Xtrackers MSCI Germany Hedged Equity ETF 9.3 45 12 7.0 -1.4
IQIN IQ 500 International ETF 9.2 25 32 9.0 +0.5
FLGR Franklin FTSE Germany ETF 9.2 9 48 7.3 -1.2
HFXI IQ 50 Percent Hedged FTSE International ETF 9.2 20 37 7.5 -0.9
CWI SPDR MSCI ACWI ex-US ETF 8.8 30 27 7.2 -1.3
FIVA Fidelity International Value Factor ETF 8.8 39 18 10.1 +1.6
DAX Global X DAX Germany ETF 8.8 21 36 7.6 -0.9
DXGE WisdomTree Germany Hedged Equity Fund 8.8 48 9 8.8 +0.3
SCHF Schwab International Equity ETF 8.7 6 51 7.4 -1.1
IQSI IQ Candriam ESG International Equity ETF 8.7 15 42 7.3 -1.2
IGRO iShares International Dividend Growth ETF 8.7 22 35 8.1 -0.4
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 8.7 7 50 7.6 -0.9
OEUR O'shares FTSE Europe Quality Dividend ETF 8.7 48 9 6.6 -1.9
ISDX Invesco Strategic Developed ex-US ETF 8.5 23 34 7.6 -0.8
QDEU SPDR MSCI Germany Quality Mix ETF 8.5 14 43 7.5 -1.0
EZU iShares MSCI Eurozone ETF 8.4 49 8 6.6 -1.9
EURZ Xtrackers Eurozone Equity ETF 8.4 9 48 7.1 -1.4
IEFA iShares Core MSCI EAFE ETF 8.3 7 50 7.4 -1.1
IDEV iShares Core MSCI International Developed Markets ETF 8.3 5 52 7.3 -1.2
ACWX iShares MSCI ACWI ex U.S. ETF 8.3 32 25 7.3 -1.2
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 8.2 40 17 7.1 -1.4
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 8.2 20 37 9.6 +1.1
PXH Invesco FTSE RAFI Emerging Markets ETF 8.1 50 7 13.1 +4.7
SPDW SPDR Portfolio Developed World ex-US ETF 8.0 4 53 7.2 -1.2
DGT SPDR Global Dow ETF 8.0 50 7 6.7 -1.8
VEU Vanguard FTSE All-World ex-US Index Fund 8.0 8 49 7.6 -0.9
ESGD iShares MSCI EAFE ESG Optimized ETF 8.0 20 37 7.0 -1.5
ROBO Robo Global Robotics & Automation Index ETF 7.8 95 -38 3.5 -4.9
VEA Vanguard FTSE Developed Markets ETF 7.8 5 52 7.5 -1.0
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 7.8 35 22 6.8 -1.7
FLCH Franklin FTSE China ETF 7.7 19 38 7.8 -0.6
GXC SPDR S&P China ETF 7.7 59 -2 7.6 -0.8
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 7.7 45 12 6.8 -1.7
CIL VictoryShares International Volatility Weighted Index ETF 7.7 45 12 6.8 -1.7
FEZ SPDR EURO STOXX 50 ETF 7.6 29 28 7.1 -1.4
RBIN Nationwide Risk-Based International Equity ETF 7.6 42 15 6.5 -2.0
DWMF WisdomTree International Multifactor Fund 7.4 38 19 6.8 -1.6
MCHI iShares MSCI China ETF 7.4 59 -2 7.4 -1.1
NUDM Nuveen ESG International Developed Markets Equity ETF 7.4 40 17 7.0 -1.5
IXUS ishares Core MSCI Total International Stock ETF 7.4 9 48 7.4 -1.0
VXUS Vanguard Total International Stock Index Fund 7.3 8 49 7.6 -0.8
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 7.2 39 18 12.8 +4.3
DEW WisdomTree Global High Dividend Fund 7.1 58 -1 9.4 +1.0
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 7.1 25 32 6.5 -1.9
FXI iShares China Large-Cap ETF 7.1 74 -17 12.2 +3.7
PQIN PGIM QMA Strategic Alpha International Equity ETF 7.0 29 28 7.7 -0.7
HEDJ WisdomTree Europe Hedged Equity Fund 6.9 58 -1 6.9 -1.5
AIA iShares Asia 50 ETF 6.9 50 7 8.1 -0.4
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 6.9 14 43 7.0 -1.5
ZHOK SPDR Solactive Hong Kong ETF 6.9 14 43 6.8 -1.6
DXJ WisdomTree Japan Hedged Equity Fund 6.8 48 9 8.4 -0.0
DINT Davis Select International ETF 6.8 68 -11 5.6 -2.8
KALL KraneShares FTSE Emerging Markets Plus ETF 6.8 49 8 7.7 -0.7
IQDY FlexShares International Quality Dividend Dynamic Index Fund 6.7 47 10 12.7 +4.2
XT iShares Exponential Technologies ETF 6.6 47 10 5.1 -3.4
EUFN iShares MSCI Europe Financials ETF 6.5 48 9 11.6 +3.2
ICOW Pacer Developed Markets International Cash Cows 100 ETF 6.5 65 -8 11.0 +2.6
FGM First Trust Germany AlphaDEX Fund 6.5 80 -23 6.8 -1.7

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 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 10.2 %
Divided by: Fwd. P/BV 1.1 x
Less: Expense ratio 57 bp
Equals: ALTAR Score 8.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.48 CATEGORY
AVERAGE
1.59
 
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.