Vanguard Pacific ETF
ALTAR
Score™
7.4% info Recommen-
dation
OVERWEIGHT
2019E    2020E
P/E
ratio
16.0x P/Sales
ratio
1.0x
P/BV
ratio
1.3x Div.
yield
2.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Vanguard Pacific ETF seeks to track the performance of the MSCI Pacific Index.

FUND BASICS
Category International Equities
Fund Sponsor Vanguard Group Inc/The
Website www.vanguard.com
Inception date Mar 10, 2005
Assets (mns) $3,908
Currency USD
Expense ratio 9 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 2324
Wgt avg mkt cap (mns) $43,780
Large cap (>$10bn) 66.8%
Mid cap ($2-10bn) 24.1%
Small cap (<$2bn) 9.1%
Developed mkts 88.3%
Emerging mkts 11.7%

TOP TEN HOLDINGS
SAMSUNG ELECTRONICS CO LTD 3.4 %
TOYOTA MOTOR CORP 2.4 %
AIA GROUP LTD 1.8 %
COMMONWEALTH BANK OF AUSTRAL 1.4 %
CSL LIMITED 1.3 %
SONY CORP 1.2 %
BHP BILLITON LTD 1.1 %
SOFTBANK GROUP CORP. 1.0 %
MITSUBISHI UFJ FINANCIAL GRO 0.9 %
KEYENCE CORP 0.9 %
Total 15.4 %

TOP COUNTRY EXPOSURE
JAPAN 57.4 %
AUSTRALIA 16.3 %
SOUTH KOREA 11.3 %
HONG KONG 7.6 %
SINGAPORE 2.8 %
NEW ZEALAND 0.9 %
CHINA 0.4 %
MACAU 0.3 %
BRITAIN 0.2 %
BERMUDA 0.2 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
18.1% 18.1% 7.0% 6.1% 5.2%

Market Correlations
versus... Beta R-squared
S&P500 0.81 70%
MSCI EAFE 0.98 84%
MSCI Emg. Mkts. 0.72 79%

Technical Indicators
Recent close $70.86
30d moving avg. $70.01
Annualized volatility 11.7%
Short interest (ETF) 0.1%
Relative strength (RSI) 62

Liquidity measures
Avg. volume (thou.) 304
Turnover 0.6%
Bid/Ask (% of price) 0.02%
ADV underlying (mns) $24,453

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 19 potential alternatives to the Vanguard Pacific ETF ETF based on the alternatives' overlap in portfolio holdings with VPL. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: VPL Expense: 9 bp ALTAR Score™: 7.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH VPL
Ticker Fund
Name
Overlap1
vs VPL
(%)
Expense
ratio
(bp)
Savings
vs VPL
(bp)
ALTAR
Score™
(%)
ALTAR
vs VPL
(%)
IPAC iShares Core MSCI Pacific 76.2 9 0 7.2 -0.3
FLJP Franklin FTSE Japan 53.3 9 0 7.8 +0.4
FLJH Franklin FTSE Japan Hedged 53.3 9 0 7.7 +0.3
HFXJ IQ 50 Percent Hedged FTSE Japan 53.3 30 -21 7.5 +0.1
BBJP JPMorgan BetaBuilders Japan 50.4 19 -10 7.7 +0.3
EWJ iShares MSCI Japan 49.3 47 -38 7.4 +0.0
DBJP Xtrackers MSCI Japan Hedged 49.0 45 -36 7.3 -0.2
QJPN SPDR MSCI Japan Quality Mix 48.8 14 -5 7.8 +0.4
GSJY Goldman Sachs ActiveBeta Japan Equity 47.7 25 -16 7.5 +0.1
JPXN iShares JPX-Nikkei 400 47.7 48 -39 7.4 +0.0
JPN Xtrackers Japan JPX-Nikkei 400 Equity 47.5 9 0 7.8 +0.4
RFAP First Trust Riverfront Dynamic Asia Pacific 44.1 83 -74 7.0 -0.5
PBDM Invesco PureBeta FTSE Developed ex-North America 40.1 7 2 7.2 -0.2
HFXI IQ 50 Percent Hedged FTSE Int'l 39.9 20 -11 7.0 -0.5
EWJE iShares MSCI Japan Equal Weighted 37.9 15 -6 7.0 -0.4
SCHF Schwab International Equity 36.8 6 3 7.0 -0.4
DXJ WisdomTree Japan Hedged Equity 36.1 48 -39 8.2 +0.8
EASG Xtrackers MSCI EAFE ESG Leaders Equity 35.8 14 -5 6.5 -1.0
FNDF Schwab Fundamental Intl Large Cap 35.5 25 -16 7.4 -0.0

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

  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

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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 Pacific 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 9.3 %
Divided by: Fwd. P/BV 1.2 x
Less: Expense ratio 9 bp
Equals: ALTAR Score 7.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.58 CATEGORY
AVERAGE
1.63
 
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.