Vanguard Info Tech ETF
ALTAR
Score™
5.4% info Recommen-
dation
NEUTRAL
2019E    2020E
P/E
ratio
23.0x P/Sales
ratio
4.1x
P/BV
ratio
6.5x Div.
yield
1.2%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Vanguard Information Technology Index ETF seeks to track the performance of the MSCI US Investable Market Information Technology Index. The Fund invests all of its assets in the stocks that ma

FUND BASICS
Category US Equities
Fund Sponsor Vanguard Group Inc/The
Website www.vanguard.com
Inception date Jan 30, 2004
Assets (mns) $24,003
Currency USD
Expense ratio 10 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Brown Brothers Harriman & Co
Weighting Market Cap
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 323
Wgt avg mkt cap (mns) $507,054
Large cap (>$10bn) 90.7%
Mid cap ($2-10bn) 7.9%
Small cap (<$2bn) 1.5%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLE INC 18.1 %
MICROSOFT CORP 16.0 %
VISA INC-CLASS A SHARES 4.3 %
MASTERCARD INC-CLASS A 3.8 %
INTEL CORP 3.7 %
CISCO SYSTEMS INC 2.7 %
ADOBE SYSTEMS INC 2.2 %
SALESFORCE.COM INC 1.9 %
ORACLE CORP 1.9 %
ACCENTURE PLC-CL A 1.9 %
Total 56.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.5 %
IRELAND 2.1 %
SWITZERLAND 0.5 %
BERMUDA 0.2 %
SINGAPORE 0.1 %
ISRAEL 0.1 %
CAYMAN ISLANDS 0.0 %
BRITAIN 0.0 %
PUERTO RICO 0.0 %


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.
43.0% 31.1% 18.8% 17.7% 11.4%

Market Correlations
versus... Beta R-squared
S&P500 1.16 76%
MSCI EAFE 1.01 48%
MSCI Emg. Mkts. 0.72 39%

Technical Indicators
Recent close $234.91
30d moving avg. $229.99
Annualized volatility 16.0%
Short interest (ETF) 0.4%
Short interest (Underlying) 2.5%
Relative strength (RSI) 71

Liquidity measures
Avg. volume (thou.) 469
Turnover 0.5%
Bid/Ask (% of price) 0.02%
ADV underlying (mns) $46,707

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: VGT Expense: 10 bp ALTAR Score™: 5.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH VGT
Ticker Fund
Name
Overlap1
vs VGT
(%)
Expense
ratio
(bp)
Savings
vs VGT
(bp)
ALTAR
Score™
(%)
ALTAR
vs VGT
(%)
FTEC Fidelity MSCI Info Technology 99.0 8 2 5.5 +0.0
XLK Technology Select Sector SPDR 86.8 13 -3 5.6 +0.1
IXN iShares S&P Global Technology 79.1 46 -36 5.3 -0.1
IYW iShares US Technology 74.8 42 -32 5.2 -0.2
IGM iShares S&P N. American Technology 71.3 46 -36 4.6 -0.8
IETC iShares Evolved U.S. Technology 68.6 18 -8 4.8 -0.6
JHMT John Hancock Multifactor Technology 54.4 40 -30 6.1 +0.6
QYLD Global X NASDAQ 100 Covered Call ETF 46.8 60 -50 4.8 -0.7
QQQ Invesco QQQ 45.9 20 -10 5.2 -0.3
RYT Invesco S&P Equal Weight Technology 43.2 40 -30 6.4 +1.0
TDIV First Trust NASDAQ Technology Dividend 42.5 50 -40 6.7 +1.3
IWY iShares Russell Top 200 Growth 39.7 20 -10 5.0 -0.4
MGK Vanguard Mega Cap 300 Growth 39.5 7 3 5.0 -0.4
IWF iShares Russell 1000 Growth 38.1 19 -9 5.0 -0.5
VONG Vanguard Russell 1000 Growth 37.9 12 -2 5.1 -0.4
VUG Vanguard Growth ETF 37.3 4 6 4.9 -0.6
SPHQ Invesco S&P High Quality Portfolio 37.2 15 -5 5.6 +0.2
TMFC Motley Fool 100 Index 35.4 50 -40 4.3 -1.1
XNTK SPDR NYSE Technology 35.0 35 -25 5.6 +0.2
SCHG Schwab U.S. Large-Cap Growth 34.4 4 6 4.9 -0.6

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

  2014 2015 2016 2017 2018 2019E 2020E
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
  2018 2019E 2020E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
Vanguard Info Tech ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 29.0 %
Divided by: Fwd. P/BV 5.2 x
Less: Expense ratio 10 bp
Equals: ALTAR Score 5.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.46 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.