Vanguard U.S. Multifactor ETF
ALTAR
Score™
7.2% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
17.6x P/Sales
ratio
1.2x
P/BV
ratio
2.2x Div.
yield
1.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
VFMF is an actively managed fund that invests in US equities exhibiting value, momentum, quality, and low volatility factors. The fund seeks long-term capital appreciation.

FUND BASICS
Category US Equities
Fund Sponsor Vanguard
Website www.vangaurd.com
Inception date Feb 13, 2018
Assets (mns) $58
Currency USD
Expense ratio 19 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Proprietary
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 540
Wgt avg mkt cap (mns) $76,156
Large cap (>$10bn) 49.1%
Mid cap ($2-10bn) 27.9%
Small cap (<$2bn) 23.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLIED MATERIALS INC 1.1 %
LAM RESEARCH CORP 1.0 %
HUMANA INC 1.0 %
APPLE INC 1.0 %
TARGET CORP 1.0 %
S&P GLOBAL, INC. 1.0 %
ABBVIE INC 0.9 %
WAL-MART STORES INC 0.9 %
MICRON TECHNOLOGY INC 0.8 %
MOODY'S CORP 0.8 %
Total 9.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.0 %
BRITAIN 1.5 %
IRELAND 1.0 %
BERMUDA 0.5 %
NETHERLANDS 0.3 %
SWITZERLAND 0.3 %
ISRAEL 0.3 %
SINGAPORE 0.2 %
PUERTO RICO 0.2 %
CANADA 0.1 %

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.
-16.0% -9.4% -- -- -3.6%

Market Correlations
versus... Beta R-squared
S&P500 1.17 95%
MSCI EAFE 1.21 85%
MSCI Emg. Mkts. 0.90 71%

Technical Indicators
Recent close $67.97
30d moving avg. $67.51
Annualized volatility 22.5%
Short interest (ETF) 0.0%
Relative strength (RSI) 57

Liquidity measures
Avg. volume (thou.) 4
Turnover 0.5%
Bid/Ask (% of price) 0.16%
ADV underlying (mns) $134,831

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Vanguard U.S. Multifactor ETF ETF based on the alternatives' overlap in portfolio holdings with VFMF. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: VFMF Expense: 19 bp ALTAR Score™: 7.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH VFMF
Ticker Fund
Name
Overlap1
vs VFMF
(%)
Expense
ratio
(bp)
Savings
vs VFMF
(bp)
ALTAR
Score™
(%)
ALTAR
vs VFMF
(%)
VFQY Vanguard U.S. Quality Factor ETF 48.4 13 6 6.0 -1.2
AVUS Avantis U.S. Equity ETF 33.4 15 4 5.7 -1.5
ONEO SPDR Russell 1000 Momentum Focus ETF 32.4 20 -1 6.4 -0.8
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 31.7 17 2 6.4 -0.8
BFOR Barron's 400 ETF 31.7 65 -46 6.3 -0.9
AFLG First Trust Active Factor Large Cap ETF 30.7 55 -36 5.5 -1.7
JHML John Hancock Multifactor Large Cap ETF 30.6 29 -10 5.5 -1.7
ROUS Hartford Multifactor US Equity ETF 29.8 19 0 7.3 +0.1
EXT WisdomTree U.S. Total Earnings Fund 29.7 28 -9 5.2 -2.0
FNDB Schwab Fundamental U.S. Broad Market Index ETF 29.6 25 -6 6.5 -0.7
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 29.5 25 -6 6.6 -0.6
VFMO Vanguard U.S. Momentum Factor ETF 29.4 13 6 1.1 -6.1
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 29.0 29 -10 6.2 -1.0
PRF Invesco FTSE RAFI US 1000 ETF 28.9 39 -20 6.8 -0.4
FNDX Schwab Fundamental U.S. Large Co. Index ETF 28.8 25 -6 6.5 -0.7
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 28.8 29 -10 6.7 -0.5
SCIU Global X Scientific Beta US ETF 28.8 19 0 5.8 -1.4
DYNF BlackRock U.S. Equity Factor Rotation ETF 28.7 30 -11 6.5 -0.7
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 28.6 9 10 5.5 -1.7
VLU SPDR S&P 1500 Value Tilt ETF 28.5 12 7 7.4 +0.2
JPUS JPMorgan Diversified Return U.S. Equity ETF 28.2 18 1 6.2 -1.0
VFVA Vanguard U.S. Value Factor ETF 28.2 14 5 11.5 +4.3
CFA VictoryShares US 500 Volatility Weighted Index ETF 28.1 35 -16 5.9 -1.3
MMTM SPDR S&P 1500 Momentum Tilt ETF 28.0 12 7 4.9 -2.3
EPS WisdomTree U.S. Earnings 500 Fund 27.9 8 11 6.4 -0.8
SPTM SPDR Portfolio Total Stock Market ETF 27.8 3 16 5.5 -1.7
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 27.6 17 2 6.5 -0.7
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 27.6 75 -56 3.8 -3.4
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 27.5 19 0 5.6 -1.6
SCHB Schwab U.S. Broad Market ETF 27.0 3 16 5.2 -2.0
VTHR Vanguard Russell 3000 Index Fund 27.0 10 9 5.1 -2.1
TUSA First Trust Total US Market AlphaDEX ETF 26.9 70 -51 5.9 -1.3
IWV iShares Russell 3000 ETF 26.9 20 -1 5.0 -2.2
VTI Vanguard Total Stock Market Index Fund 26.9 3 16 5.1 -2.1
ITOT iShares Core S&P Total U.S. Stock Market ETF 26.9 3 16 5.1 -2.1
IYY iShares Dow Jones U.S. ETF 26.7 20 -1 5.1 -2.1
SPXE ProShares S&P 500 Ex-Energy ETF 26.7 27 -8 5.3 -1.9
SCHK Schwab 1000 Index ETF 26.7 5 14 5.2 -2.0
PBP Invesco S&P 500 BuyWrite ETF 26.6 49 -30 5.0 -2.2
IUS Invesco Strategic US ETF 26.6 19 0 6.7 -0.5
IWB iShares Russell 1000 ETF 26.5 15 4 5.2 -2.1
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 26.5 20 -1 5.3 -1.9
VONE Vanguard Russell 1000 ETF 26.4 8 11 5.2 -2.0
SPY SPDR S&P 500 ETF Trust 26.4 9 10 5.3 -1.9
SPLG SPDR Portfolio Large Cap ETF 26.4 3 16 5.4 -1.8
HSPX Global X S&P 500 Covered Call ETF 26.4 65 -46 4.8 -2.4
QUS SPDR MSCI USA StrategicFactors ETF 26.4 15 4 5.8 -1.4
IVV iShares Core S&P 500 ETF 26.3 4 15 5.4 -1.8
VOO VANGUARD S&P 500 ETF 26.3 3 16 5.4 -1.8
PBUS Invesco PureBeta MSCI USA ETF 26.3 4 15 5.2 -2.0
SCHX Schwab U.S. Large-Cap ETF 26.2 3 16 5.3 -1.9
ESGV Vanguard ESG U.S. Stock ETF 26.2 12 7 5.1 -2.1
JVAL JPMorgan U.S. Value Factor ETF 26.1 12 7 8.7 +1.5
DIVB iShares U.S. Dividend & Buyback ETF 26.0 25 -6 6.6 -0.6
BBUS JP Morgan Betabuilders U.S. Equity ETF 26.0 2 17 5.3 -1.9
RWL Invesco S&P 500 Revenue ETF 25.9 39 -20 7.2 -0.0
VUSE Vident Core US Equity Fund 25.9 48 -29 8.3 +1.1
VV Vanguard Large-Cap Index Fund 25.9 4 15 5.2 -2.0
RSP Invesco S&P 500 Equal Weight ETF 25.8 20 -1 6.7 -0.5
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 25.8 7 12 5.2 -2.0
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 25.6 20 -1 4.9 -2.3
RNLC Large Cap US Equity Select ETF 25.5 60 -41 6.2 -1.0
QDYN FlexShares Quality Dividend Dynamic Index Fund 25.5 37 -18 6.2 -1.0
FLQL Franklin LibertyQ U.S. Equity ETF 25.4 15 4 6.3 -0.9
QLC FlexShares US Quality Large Cap Index Fund 25.2 32 -13 5.3 -1.9
CATH Global X S&P 500 Catholic Values Custom ETF 25.2 29 -10 5.2 -2.0
ESGU iShares MSCI USA ESG Optimized ETF 25.1 15 4 5.1 -2.1
SFY SoFi Select 500 ETF 25.0 0 19 5.2 -2.0
FSMD Fidelity Small-Mid Factor ETF 24.8 29 -10 7.0 -0.2
RECS Columbia Research Enhanced Core ETF 24.7 15 4 5.6 -1.6
VALQ American Century STOXX U.S. Quality Value ETF 24.5 29 -10 9.1 +1.9
FAD First Trust Multi Cap Growth AlphaDEX Fund 24.4 66 -47 2.5 -4.7
IUSV iShares Core S&P U.S. Value ETF 24.3 4 15 7.5 +0.3
SPXN ProShares S&P 500 Ex-Financials ETF 24.1 27 -8 4.9 -2.3
DTD WisdomTree U.S.Total Dividend Fund 24.1 28 -9 6.6 -0.6
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 23.9 9 10 5.9 -1.4
FEX First Trust Large Cap Core AlphaDEX Fund 23.7 60 -41 6.0 -1.2
EUSA iShares MSCI USA Equal Weighted ETF 23.7 15 4 6.3 -1.0
ULVM VictoryShares USAA MSCI USA Value Momentum ETF 23.6 20 -1 7.6 +0.4
JQUA JPMorgan U.S. Quality Factor ETF 23.6 12 7 5.2 -2.0
VOOV Vanguard S&P 500 Value ETF 23.5 15 4 7.3 +0.1
SNPE Xtrackers S&P 500 ESG ETF 23.5 11 8 5.1 -2.1
MGC Vanguard Mega Cap Index Fund 23.4 7 12 5.2 -2.0
SPYV SPDR Portfolio S&P 500 Value ETF 23.4 4 15 7.4 +0.2
IVE iShares S&P 500 Value ETF 23.4 18 1 7.3 +0.1
SIZE iShares Edge MSCI USA Size Factor ETF 23.2 15 4 6.3 -0.9
BKLC BNY Mellon US Large Cap Core Equity ETF 23.2 0 19 5.2 -2.0
USMF WisdomTree U.S. Multifactor Fund 23.1 28 -9 5.4 -1.8
SPXT ProShares S&P 500 Ex-Technology ETF 23.1 27 -8 5.6 -1.6
IWL iShares Russell Top 200 ETF 23.0 15 4 5.0 -2.2
RAFE PIMCO RAFI ESG U.S. ETF 23.0 29 -10 7.8 +0.6
KRMA Global X Conscious Companies ETF 22.9 43 -24 5.2 -2.1
VTV Vanguard Value Index Fund 22.9 4 15 7.4 +0.2
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 22.9 15 4 6.2 -1.1
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 22.9 20 -1 6.0 -1.2
VONV Vanguard Russell 1000 Value Index Fund 22.8 8 11 7.3 +0.1
IWD iShares Russell 1000 Value ETF 22.5 19 0 7.2 -0.0
QDF FlexShares Quality Dividend Index Fund 22.3 37 -18 6.1 -1.1
DLN WisdomTree U.S. LargeCap Dividend Fund 22.2 28 -9 6.4 -0.8
EQAL Invesco Russell 1000 Equal Weight ETF 22.0 20 -1 5.7 -1.5

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:
Vanguard U.S. Multifactor 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 15.2 %
Divided by: Fwd. P/BV 2.1 x
Less: Expense ratio 19 bp
Equals: ALTAR Score 7.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.53 CATEGORY
AVERAGE
1.52
 
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.