Vanguard ESG International Stock
ALTAR
Score™
7.0% info Recommen-
dation
NEUTRAL
2019E    2020E
P/E
ratio
16.4x P/Sales
ratio
1.3x
P/BV
ratio
1.7x Div.
yield
2.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Vanguard ESG International Stock ETF tracks a market-cap-weighted index of global ex-US companies screened for environmental, social, and corporate governance (ESG) criteria.

FUND BASICS
Category International Equities
Fund Sponsor Vanguard
Website institutional.vanguard.com
Inception date Sep 18, 2018
Assets (mns) $680
Currency USD
Expense ratio 15 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 3724
Wgt avg mkt cap (mns) $65,570
Large cap (>$10bn) 71.0%
Mid cap ($2-10bn) 24.2%
Small cap (<$2bn) 4.5%
Developed mkts 76.5%
Emerging mkts 23.5%

TOP TEN HOLDINGS
ALIBABA GROUP HOLDING LTD. SPONSOR 1.7 %
NESTLE SA-REG 1.7 %
TENCENT HOLDINGS LTD 1.5 %
TAIWAN SEMICONDUCTOR MANUFAC 1.4 %
SAMSUNG ELECTRONICS CO LTD 1.2 %
ROCHE HOLDING AG-GENUSSCHEIN 1.2 %
TOYOTA MOTOR CORP 0.9 %
AIA GROUP LTD 0.7 %
ASTRAZENECA PLC 0.7 %
ASML HOLDING NV 0.6 %
Total 11.6 %

TOP COUNTRY EXPOSURE
JAPAN 18.6 %
BRITAIN 8.9 %
CANADA 7.6 %
SWITZERLAND 6.4 %
CHINA 5.6 %
FRANCE 5.1 %
GERMANY 4.9 %
AUSTRALIA 4.7 %
TAIWAN 4.3 %
SOUTH KOREA 3.4 %

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.
23.0% 23.0% -- -- 15.2%

Market Correlations
versus... Beta R-squared
S&P500 0.78 85%
MSCI EAFE 1.07 96%
MSCI Emg. Mkts. 0.77 84%

Technical Indicators
Recent close $53.93
30d moving avg. $53.52
Annualized volatility 13.4%
Short interest (ETF) 0.0%
Relative strength (RSI) 65

Liquidity measures
Avg. volume (thou.) 86
Turnover 0.7%
Bid/Ask (% of price) 0.21%
ADV underlying (mns) $57,537

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: VSGX Expense: 15 bp ALTAR Score™: 7.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH VSGX
Ticker Fund
Name
Overlap1
vs VSGX
(%)
Expense
ratio
(bp)
Savings
vs VSGX
(bp)
ALTAR
Score™
(%)
ALTAR
vs VSGX
(%)
VXUS Vanguard Total International Stock 65.2 9 6 7.3 +0.3
VEU Vanguard FTSE All-World ex-US 64.7 9 6 7.3 +0.3
SCHF Schwab International Equity 64.7 6 9 7.1 +0.1
ACWX iShares MSCI ACWI ex-US 64.0 31 -16 7.1 +0.1
VEA Vanguard Europe Pacific 63.9 5 10 7.1 +0.0
DBAW Xtrackers MSCI All World ex-US Hedged 63.6 40 -25 6.9 -0.1
IXUS iShares Core International Stock 63.2 9 6 7.1 +0.1
IDEV iShares Core MSCI Int'l Developed Markets 61.5 5 10 6.9 -0.2
PBDM Invesco PureBeta FTSE Developed ex-North America 60.2 7 8 7.3 +0.2
SPDW SPDR Portfolio World ex-US 60.1 4 11 6.9 -0.1
HFXI IQ 50 Percent Hedged FTSE Int'l 58.0 20 -5 7.0 0.0
IEFA iShares Core MSCI EAFE 58.0 7 8 6.9 -0.1
EFAX SPDR MSCI EAFE Fossil Fuel Free 55.4 20 -5 6.8 -0.2
CWI SPDR MSCI ACWI ex-US 55.2 30 -15 7.1 +0.1
EFA iShares MSCI EAFE 54.8 31 -16 6.7 -0.3
DBEF Xtrackers MSCI EAFE Hedged 54.4 35 -20 6.6 -0.4
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity 49.7 16 -1 6.8 -0.2
PXF Invesco FTSE-RAFI Developed ex-US 49.5 45 -30 7.9 +0.9
FNDF Schwab Fundamental Intl Large Cap 47.4 25 -10 7.5 +0.5

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%.

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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 ESG International Stock
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 11.2 %
Divided by: Fwd. P/BV 1.6 x
Less: Expense ratio 15 bp
Equals: ALTAR Score 7.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.59 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.