Vanguard U.S. Value Factor
ALTAR
Score™
8.9% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
10.6x P/Sales
ratio
0.6x
P/BV
ratio
1.2x Div.
yield
2.6%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Fund seeks to provide long-term capital appreciation by investing in stocks with relatively lower share prices relative to fundamental values as determined by the advisor.

FUND BASICS
Category US Equities
Fund Sponsor Vanguard
Website www.vangaurd.com
Inception date Feb 13, 2018
Assets (mns) $95
Currency USD
Expense ratio 13 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 784
Wgt avg mkt cap (mns) $35,110
Large cap (>$10bn) 46.7%
Mid cap ($2-10bn) 29.7%
Small cap (<$2bn) 23.7%
Developed mkts 99.9%
Emerging mkts 0.1%

TOP TEN HOLDINGS
EXELON CORP 0.9 %
DELTA AIR LINES INC 0.8 %
AT&T INC 0.8 %
DUKE ENERGY CORP 0.8 %
CIGNA CORP 0.7 %
HP INC. 0.7 %
MARATHON PETROLEUM 0.7 %
CVS CAREMARK CORP 0.7 %
METLIFE INC 0.7 %
HCA HOLDINGS INC 0.6 %
Total 7.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 91.1 %
BERMUDA 1.9 %
IRELAND 1.6 %
BRITAIN 1.5 %
NETHERLANDS 0.6 %
SWITZERLAND 0.5 %
PUERTO RICO 0.4 %
MONACO 0.3 %
SINGAPORE 0.2 %
CAYMAN ISLANDS 0.1 %

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.
-6.7% 3.2% -- -- -0.0%

Market Correlations
versus... Beta R-squared
S&P500 1.38 81%
MSCI EAFE 1.49 72%
MSCI Emg. Mkts. 1.06 59%

Technical Indicators
Recent close $75.86
30d moving avg. $76.50
Annualized volatility 21.6%
Short interest (ETF) 0.0%
Relative strength (RSI) 43

Liquidity measures
Avg. volume (thou.) 10
Turnover 0.8%
Bid/Ask (% of price) 0.11%
ADV underlying (mns) $55,506

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the Vanguard U.S. Value Factor ETF based on the alternatives' overlap in portfolio holdings with VFVA. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: VFVA Expense: 13 bp ALTAR Score™: 8.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH VFVA
Ticker Fund
Name
Overlap1
vs VFVA
(%)
Expense
ratio
(bp)
Savings
vs VFVA
(bp)
ALTAR
Score™
(%)
ALTAR
vs VFVA
(%)
FAB First Trust Multi Cap Value 51.6 71 -58 8.3 -0.6
TUSA First Trust Total US Market AlphaDEX 41.2 70 -57 6.1 -2.8
OVLU Invesco Russell 1000 Value Factor ETF 37.2 19 -6 7.6 -1.3
VLU SPDR S&P 1500 Value Tilt 36.9 12 1 7.1 -1.8
FTA First Trust Large Cap Value 35.0 62 -49 8.2 -0.7
JVAL JPMorgan U.S. Value Factor 34.8 12 1 8.4 -0.5
FNDB Schwab Fundamental Broad Mkt 34.5 25 -12 5.6 -3.3
PRF Invesco FTSE-RAFI U.S. 1000 34.4 39 -26 6.3 -2.6
IUSV iShares Core U.S. Value 33.7 4 9 7.1 -1.8
VONV Vanguard Russell 1000 Value 33.6 12 1 6.7 -2.2
IWD iShares Russell 1000 Value 33.6 19 -6 6.7 -2.2
FNDX Schwab Fundamental Large Cap 33.4 25 -12 5.5 -3.4
VFMF Vanguard U.S. Multifactor 33.3 18 -5 7.4 -1.5
TILT Flexshares Morningstar US Market Factor Tilt 32.9 25 -12 5.8 -3.1
RWL Invesco S&P 500 Revenue ETF 32.0 39 -26 7.2 -1.7
EXT WisdomTree Total Earnings 32.0 28 -15 6.7 -2.2
VOOV Vanguard S&P 500 Value 31.3 15 -2 6.9 -2.0
IVE iShares S&P 500 Value 31.3 18 -5 6.9 -2.0
SPYV SPDR Portfolio S&P 500 Value 31.3 4 9 7.0 -1.9
AVUS Avantis U.S. Equity 31.1 15 -2 5.9 -3.0

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

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. Value Factor
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 10.2 %
Divided by: Fwd. P/BV 1.1 x
Less: Expense ratio 13 bp
Equals: ALTAR Score 8.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.59 CATEGORY
AVERAGE
1.56
 
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.