VanEck Vectors ChinaAMC CSI 300 ETF
ALTAR
Score™
9.4% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
10.8x P/Sales
ratio
1.1x
P/BV
ratio
1.4x Div.
yield
2.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
VanEck Vectors ChinaAMC A-Share ETF is an exchange-traded fund incorporated in the USA. TheFund's investment objective is to replicate as closely as possible, before fees and expenses, the price and yield performance of the CSI 300 Index. The CSI 300 is a diversified index consisting of 300 A-share stocks listed on the Shenzen and/or Shanghai Stock Exchanges.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Van Eck Associates Corp
Website www.vaneck.com
Inception date Oct 14, 2010
Assets (mns) $52
Currency USD
Expense ratio 60 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-End Investment Company
Custodian Bank of New York Mellon/The
Weighting Market Cap
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 300
Wgt avg mkt cap (mns) $47,793
Large cap (>$10bn) 73.5%
Mid cap ($2-10bn) 26.4%
Small cap (<$2bn) 0.1%
Developed mkts 7.7%
Emerging mkts 92.3%

TOP TEN HOLDINGS
PING AN INSURANCE (GROUP) COMPANY 6.1 %
KWEICHOW MOUTAI CO LTD-A 4.6 %
CHINA MERCHANTS BANK -A 2.7 %
JIANGSU HENGRUI MEDICINE CO., LTD. 2.4 %
GREE ELECTRIC APPLIANCES I-A 2.0 %
GD MIDEA HOLDING CO LTD -A 1.9 %
INDUSTRIAL BANK CO LTD -A 1.9 %
WULIANGYE YIBIN CO LTD-A 1.9 %
INNER MONGOLIA YILI INDUSTRIAL GRO 1.5 %
CITIC SECURITIES CO-A 1.4 %
Total 26.4 %

TOP COUNTRY EXPOSURE
CHINA 96.9 %
BRITISH VIRGIN ISLANDS 0.1 %









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.
-17.2% -15.2% -5.1% -- -0.9%

Market Correlations
versus... Beta R-squared
S&P500 0.83 37%
MSCI EAFE 0.91 43%
MSCI Emg. Mkts. 0.87 57%

Technical Indicators
Recent close $34.98
30d moving avg. $36.85
Annualized volatility 20.9%
Short interest (ETF) 0.0%
Relative strength (RSI) 44

Liquidity measures
Avg. volume (thou.) 10
Turnover 0.7%
Bid/Ask (% of price) 0.54%
ADV underlying (mns) $29,430

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 86 potential alternatives to the VanEck Vectors ChinaAMC CSI 300 ETF ETF based on the alternatives' overlap in portfolio holdings with PEK. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: PEK Expense: 60 bp ALTAR Score™: 9.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH PEK
Ticker Fund
Name
Overlap1
vs PEK
(%)
Expense
ratio
(bp)
Savings
vs PEK
(bp)
ALTAR
Score™
(%)
ALTAR
vs PEK
(%)
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF 95.4 65 -5 9.3 -0.1
ASHX Xtrackers MSCI China A Inclusion Equity ETF 73.4 60 0 8.7 -0.6
KBA KraneShares Bosera MSCI China A Share ETF 72.9 60 0 8.7 -0.6
CNYA iShares MSCI China A ETF 72.8 65 -5 8.7 -0.7
AFTY Pacer CSOP FTSE China A50 ETF 50.3 70 -10 11.3 +2.0
WCHN WisdomTree ICBCCS S&P China 500 Fund 43.2 55 5 9.8 +0.5
KALL KraneShares FTSE Emerging Markets Plus ETF 33.5 49 11 10.1 +0.7
KFYP KraneShares CICC China Leaders 100 Index ETF 27.6 70 -10 13.5 +4.2
CXSE WisdomTree China ex-State-Owned Enterprises Fund 21.9 32 28 8.2 -1.2
CHIL Global X MSCI China Large-Cap 50 ETF 17.7 29 31 10.6 +1.2
CNXT VanEck Vectors ChinaAMC SME-ChiNext ETF 15.7 65 -5 4.7 -4.7
CHIX Global X China Financials ETF 14.4 65 -5 19.4 +10.0
CHIS Global X MSCI China Consumer Staples ETF 13.4 65 -5 4.4 -4.9
GXC SPDR S&P China ETF 11.6 59 1 10.1 +0.7
CHII Global X China Industrials ETF 10.8 66 -6 13.5 +4.2
MCHI iShares MSCI China ETF 9.7 59 1 10.2 +0.8
CHIK Global X MSCI China Information Technology ETF 9.1 65 -5 12.5 +3.1
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 9.1 25 35 9.7 +0.4
FLCH Franklin FTSE China ETF 7.9 19 41 10.4 +1.1
OBOR KraneShares MSCI One Belt One Road Index ETF 7.8 79 -19 11.6 +2.3
BKF iShares MSCI BRIC ETF 7.6 69 -9 10.0 +0.7
KURE KraneShares MSCI All China Health Care Index ETF 7.0 65 -5 3.7 -5.6
CHIH Global X MSCI China Health Care ETF 7.0 65 -5 4.6 -4.8
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 6.7 30 30 10.8 +1.5
CQQQ Invesco China Technology ETF 6.3 70 -10 5.1 -4.2
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 5.4 32 28 8.5 -0.9
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 5.3 32 28 11.4 +2.0
CHIQ Global X China Consumer ETF 5.3 65 -5 12.1 +2.7
CHIM Global X China Materials ETF 5.3 65 -5 11.9 +2.5
KMED KraneShares Emerging Markets Healthcare Index ETF 5.2 79 -19 3.0 -6.3
EMCG WisdomTree Emerging Markets Consumer Growth Fund 4.9 32 28 9.2 -0.2
PXH Invesco FTSE RAFI Emerging Markets ETF 4.8 50 10 16.0 +6.7
PBEE Invesco PureBeta FTSE Emerging Markets ETF 4.6 14 46 11.3 +1.9
AAXJ iShares MSCI All Country Asia ex Japan ETF 4.2 68 -8 9.4 +0.1
EEMA iShares MSCI Emerging Markets Asia ETF 4.1 50 10 10.1 +0.7
GMF SPDR S&P Emerging Asia Pacific ETF 4.1 49 11 9.4 +0.1
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 4.1 45 15 10.3 +1.0
NUEM Nuveen ESG Emerging Markets Equity ETF 4.1 45 15 9.3 -0.1
EEM iShares MSCI Emerging Markets ETF 4.1 68 -8 10.0 +0.7
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 4.0 65 -5 10.0 +0.7
ESGE iShares ESG MSCI EM ETF 3.8 25 35 11.6 +2.2
SCHE Schwab Emerging Markets Equity ETF 3.8 13 47 10.3 +1.0
IEMG iShares Core MSCI Emerging Markets ETF 3.8 14 46 10.5 +1.2
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 3.7 45 15 10.6 +1.2
DEM WisdomTree Emerging Markets High Dividend Fund 3.6 63 -3 16.6 +7.2
VWO Vanguard FTSE Emerging Markets ETF 3.5 10 50 10.5 +1.1
FLAX Franklin FTSE Asia Ex Japan ETF 3.5 19 41 10.0 +0.7
CHIR Global X MSCI China Real Estate ETF 3.2 65 -5 18.5 +9.2
SPEM SPDR Portfolio Emerging Markets ETF 3.0 11 49 10.2 +0.9
VEGI iShares MSCI Global Agriculture Producers ETF 2.8 39 21 7.5 -1.8
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 2.7 30 30 10.4 +1.0
CHIU Global X MSCI China Utilities ETF 2.2 65 -5 10.0 +0.6
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 2.2 60 0 10.1 +0.7
EMMF WisdomTree Emerging Markets Multifactor Fund 2.2 48 12 11.8 +2.5
CHIC Global X Nasdaq China Technology ETF 1.6 65 -5 4.8 -4.5
KGRN KraneShares MSCI China Environment Index ETF 1.6 80 -20 9.9 +0.6
VNQI Vanguard Global ex-US Real Estate Index Fund 1.3 12 48 11.7 +2.3
ACWX iShares MSCI ACWI ex U.S. ETF 1.3 32 28 9.4 +0.1
JOYY Infusive Compounding Global Equities ETF 1.2 50 10 5.2 -4.2
CHIE Global X China Energy ETF 1.2 66 -6 11.2 +1.9
IXUS ishares Core MSCI Total International Stock ETF 1.2 9 51 9.5 +0.2
BLOK Amplify Transformational Data Sharing ETF 1.1 70 -10 5.0 -4.4
ROBO Robo Global Robotics & Automation Index ETF 0.9 95 -35 5.3 -4.1
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 0.9 45 15 11.8 +2.4
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.9 40 20 9.2 -0.2
PICK iShares MSCI Global Metals & Mining Producers ETF 0.8 39 21 10.9 +1.6
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 0.8 20 40 9.2 -0.1
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 0.8 39 21 15.3 +5.9
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.8 20 40 8.2 -1.2
LOWC SPDR MSCI ACWI Low Carbon Target ETF 0.7 20 40 8.2 -1.2
DVEM WisdomTree Emerging Markets Dividend Fund 0.7 32 28 11.0 +1.6
VEU Vanguard FTSE All-World ex-US Index Fund 0.6 8 52 9.7 +0.3
VXUS Vanguard Total International Stock Index Fund 0.6 8 52 9.7 +0.4
SDG iShares Sustainable MSCI Global Impact ETF 0.6 49 11 7.5 -1.8
BATT Amplify Advanced Battery Metals & Materials ETF 0.6 72 -12 5.3 -4.1
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 0.6 70 -10 8.9 -0.5
ACWI iShares MSCI ACWI ETF 0.5 32 28 7.8 -1.5
REMX VanEck Vectors Rare Earth/Strategic Metals ETF 0.5 59 1 4.2 -5.2
CWI SPDR MSCI ACWI ex-US ETF 0.5 30 30 9.4 +0.0
ACWF iShares FactorSelect MSCI Global ETF 0.5 35 25 10.2 +0.9
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 0.4 20 40 13.0 +3.6
ACWV iShares Edge MSCI Min Vol Global ETF 0.4 20 40 6.8 -2.6
VT Vanguard Total World Stock Index Fund 0.3 8 52 8.2 -1.2
FILL iShares MSCI Global Energy Producers ETF 0.2 39 21 8.5 -0.8
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 0.2 16 44 8.8 -0.6
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.0 9 51 7.9 -1.4

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 ChinaAMC CSI 300 ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 13.9 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 9.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.40 CATEGORY
AVERAGE
1.45
 
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.