VanEck Vectors ChinaAMC CSI 300 ETF
ALTAR
Score™
4.9% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
20.6x P/Sales
ratio
2.2x
P/BV
ratio
4.1x Div.
yield
1.4%


  • 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) $39
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 196
Wgt avg mkt cap (mns) $114,674
Large cap (>$10bn) 67.7%
Mid cap ($2-10bn) 13.8%
Small cap (<$2bn) 0.9%
Developed mkts 2.0%
Emerging mkts 98.0%

TOP TEN HOLDINGS
WULIANGYE YIBIN CO LTD-A 5.7 %
JD.COM INC-ADR 5.6 %
TENCENT HOLDINGS LTD 5.3 %
CHINA LIFE INSURANCE CO-H 4.9 %
ALIBABA GROUP HOLDING LTD. SPONSOR 4.9 %
NETEASE.COM INC-ADR 4.8 %
JIANGSU HENGRUI MEDICINE CO., LTD. 3.5 %
LUXSHARE PRECISION INDUSTR-A 3.3 %
INNER MONGOLIA YILI INDUSTRIAL GRO 3.2 %
SANY HEAVY INDUSTRY CO LTD-A 2.8 %
Total 44.0 %

TOP COUNTRY EXPOSURE
CHINA 99.0 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
15.3% 24.8% 4.4% 2.8% 2.5%

Market Correlations
versus... Beta R-squared
S&P500 0.70 34%
MSCI EAFE 0.70 33%
MSCI Emg. Mkts. 0.80 55%

Technical Indicators
Recent close $48.28
30d moving avg. $49.07
Annualized volatility 22.5%
Short interest (ETF) 0.3%
Relative strength (RSI) 50

Liquidity measures
Avg. volume (thou.) 3
Turnover 0.4%
Bid/Ask (% of price) 0.18%
ADV underlying (mns) $17,054

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 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™: 4.9%


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
(%)
CHIL Global X MSCI China Large-Cap 50 ETF 26.0 29 31 7.8 +2.9
CXSE WisdomTree China ex-State-Owned Enterprises Fund 20.6 32 28 6.3 +1.4
KALL KraneShares FTSE Emerging Markets Plus ETF 20.5 49 11 7.8 +2.9
CHIS Global X MSCI China Consumer Staples ETF 19.9 67 -7 3.3 -1.6
KWEB KraneShares CSI China Internet ETF 19.9 76 -16 2.8 -2.1
EWEB Global X Emerging Markets Internet & E-commerce ETF 19.1 65 -5 2.9 -2.0
ECON Columbia Emerging Markets Consumer ETF 19.1 59 1 5.3 +0.5
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 18.8 86 -26 2.6 -2.3
AFTY Pacer CSOP FTSE China A50 ETF 18.5 70 -10 8.5 +3.6
FDNI First Trust Dow Jones International Internet ETF 18.4 65 -5 2.4 -2.5
FLCH Franklin FTSE China ETF 18.1 19 41 8.3 +3.4
MCHI iShares MSCI China ETF 18.1 59 1 7.8 +2.9
GXC SPDR S&P China ETF 18.0 59 1 7.7 +2.8
TTTN UP Fintech China-U.S. Internet Titans ETF 18.0 59 1 4.8 -0.1
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF 16.7 65 -5 6.7 +1.8
ASHX Xtrackers MSCI China A Inclusion Equity ETF 16.7 60 0 6.5 +1.6
KBA KraneShares Bosera MSCI China A Share ETF 16.7 60 0 6.5 +1.6
CNYA iShares MSCI China A ETF 16.5 60 0 6.5 +1.6
EEMO Invesco S&P Emerging Markets Momentum ETF 16.2 29 31 4.2 -0.7
BKF iShares MSCI BRIC ETF 15.8 69 -9 7.4 +2.5
PGJ Invesco Golden Dragon China ETF 15.4 70 -10 4.5 -0.4
FNI First Trust Chindia ETF 15.3 60 0 3.1 -1.8
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 15.2 95 -35 8.4 +3.5
GMF SPDR S&P Emerging Asia Pacific ETF 14.8 49 11 6.9 +2.0
EEMA iShares MSCI Emerging Markets Asia ETF 14.2 50 10 7.5 +2.6
CN Xtrackers MSCI All China Equity ETF 14.1 50 10 8.0 +3.1
PBEE Invesco PureBeta FTSE Emerging Markets ETF 13.9 15 45 8.4 +3.5
DVEM WisdomTree Emerging Markets Dividend Fund 13.9 32 28 7.1 +2.2
AAXJ iShares MSCI All Country Asia ex Japan ETF 13.8 68 -8 6.8 +1.9
SCHE Schwab Emerging Markets Equity ETF 13.8 11 49 7.6 +2.7
SPEM SPDR Portfolio Emerging Markets ETF 13.8 11 49 7.4 +2.5
FLAX Franklin FTSE Asia Ex Japan ETF 13.7 19 41 7.4 +2.5
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 13.6 30 30 7.5 +2.6
VWO Vanguard FTSE Emerging Markets ETF 13.4 10 50 7.7 +2.8
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 13.4 65 -5 7.1 +2.3
EEM iShares MSCI Emerging Markets ETF 13.4 68 -8 7.1 +2.2
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 13.3 36 24 7.9 +3.0
IEMG iShares Core MSCI Emerging Markets ETF 13.1 13 47 7.6 +2.7
ESGE iShares ESG Aware MSCI EM ETF 13.0 25 35 8.2 +3.3
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 12.8 45 15 7.3 +2.4
CNXT VanEck Vectors ChinaAMC SME-ChiNext ETF 12.6 65 -5 3.2 -1.7
KESG KraneShares MSCI China ESG Leaders Index ETF 12.6 59 1 9.7 +4.8
KURE KraneShares MSCI All China Health Care Index ETF 12.4 65 -5 3.2 -1.7
ISEM Invesco Strategic Emerging Markets ETF 12.2 35 25 10.3 +5.4
ADRE Invesco BLDRS Emerging Markets 50 ADR Index Fund 12.0 18 42 5.0 +0.1
EBIZ Global X E-Commerce ETF 12.0 50 10 2.7 -2.2
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 11.6 45 15 8.9 +4.0
EMMF WisdomTree Emerging Markets Multifactor Fund 11.6 48 12 9.5 +4.6
NUEM Nuveen ESG Emerging Markets Equity ETF 11.6 45 15 6.5 +1.6
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 11.4 40 20 7.0 +2.1
CHIC Global X Nasdaq China Technology ETF 11.3 66 -6 5.6 +0.7
JHEM John Hancock Multifactor Emerging Markets ETF 11.2 49 11 8.4 +3.5
OGIG O'Shares Global Internet Giants ETF 11.2 48 12 0.7 -4.2
FDEM Fidelity Targeted Emerging Markets Factor ETF 10.7 45 15 8.3 +3.4
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 10.7 32 28 8.2 +3.3
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 10.7 20 40 6.5 +1.6
CHIQ Global X China Consumer ETF 10.6 65 -5 5.8 +0.9
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 10.5 60 0 4.6 -0.3
LDEM iShares ESG MSCI EM Leaders ETF 10.4 16 44 7.5 +2.6
CQQQ Invesco China Technology ETF 10.3 70 -10 5.8 +0.9
AVEM Avantis Emerging Markets Equity ETF 10.1 33 27 8.2 +3.3
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF 9.9 65 -5 4.8 -0.1
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 9.9 32 28 5.8 +0.9
ESPO VanEck Vectors Video Gaming & eSports ETF 9.8 55 5 3.1 -1.8
SOCL Global X Social Media ETF 9.7 65 -5 2.1 -2.8
PNQI Invesco NASDAQ Internet ETF 9.6 60 0 1.2 -3.7
DWLD Davis Select Worldwide ETF 9.5 63 -3 5.9 +1.0
DINT Davis Select International ETF 9.3 68 -8 5.6 +0.8
JIG JPMorgan International Growth ETF 9.2 55 5 2.9 -2.0
KMED KraneShares Emerging Markets Healthcare Index ETF 9.2 79 -19 2.3 -2.6
CHIK Global X MSCI China Information Technology ETF 9.1 66 -6 7.2 +2.3
BKEM BNY Mellon Emerging Markets Equity ETF 8.9 11 49 7.9 +3.1
NERD Roundhill BITKRAFT Esports & Digital Entertainment ETF 8.7 25 35 3.2 -1.7
BUYZ Franklin Disruptive Commerce ETF 8.6 50 10 -0.2 -5.1
GIGE SoFi Gig Economy ETF 8.6 59 1 -0.6 -5.5
JOYY Infusive Compounding Global Equities ETF 8.4 50 10 3.6 -1.3
CHIH Global X MSCI China Health Care ETF 8.0 66 -6 4.3 -0.6
FXI iShares China Large-Cap ETF 7.8 74 -14 12.7 +7.8
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 7.5 16 44 6.5 +1.6
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 7.4 49 11 8.7 +3.8
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 7.3 30 30 8.4 +3.5
PIE Invesco DWA Emerging Markets Momentum ETF 7.3 90 -30 4.8 -0.1
XNTK SPDR NYSE Technology ETF 6.8 35 25 3.2 -1.7
BLOK Amplify Transformational Data Sharing ETF 6.2 70 -10 5.3 +0.4
VSGX Vanguard ESG International Stock ETF 6.1 17 43 6.8 +1.9
AIA iShares Asia 50 ETF 6.0 50 10 7.3 +2.4
KFYP KraneShares CICC China Leaders 100 Index ETF 5.7 70 -10 12.9 +8.0
BLCN Reality Shares Nasdaq NextGen Economy ETF 5.7 68 -8 5.2 +0.3
BICK First Trust BICK Index Fund 5.6 64 -4 4.3 -0.6
PXH Invesco FTSE RAFI Emerging Markets ETF 5.5 50 10 12.7 +7.9
AIQ Global X Future Analytics Tech ETF 5.4 68 -8 3.8 -1.1
XBUY Amplify International Online Retail ETF 5.4 69 -9 0.5 -4.4
VIGI Vanguard International Dividend Appreciation ETF 5.3 20 40 5.2 +0.4
IXP iShares Global Comm Services ETF 5.3 46 14 5.5 +0.6
ACWX iShares MSCI ACWI ex U.S. ETF 4.9 32 28 6.8 +1.9
RTH VanEck Vectors Retail ETF 4.9 35 25 5.0 +0.1
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 4.9 40 20 6.7 +1.8
CWI SPDR MSCI ACWI ex-US ETF 4.9 30 30 6.8 +1.9

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 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 19.6 %
Divided by: Fwd. P/BV 3.6 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 4.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

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