Vident Core US Equity Fund
ALTAR
Score™
7.6% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
13.7x P/Sales
ratio
0.8x
P/BV
ratio
1.7x Div.
yield
1.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Vident Core US Equity ETF is an exchange-traded fund incorporated in the USA. The Fund seeks to track the price and total return performance, before fees and expenses, of the Vident Core U.S. Equity Index.

FUND BASICS
Category US Equities
Fund Sponsor Exchange Traded Concepts LLC
Website www.exchangetradedconcepts.com
Inception date Jan 22, 2014
Assets (mns) $480
Currency USD
Expense ratio 48 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-End Investment Company
Custodian Bank of New York Mellon
Weighting Tiered
Index replication Optimized
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 223
Wgt avg mkt cap (mns) $40,777
Large cap (>$10bn) 40.5%
Mid cap ($2-10bn) 49.8%
Small cap (<$2bn) 9.7%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
EDGEWELL PERSONAL CARE CO. 0.6 %
REALOGY HOLDINGS CORP 0.6 %
NUANCE COMMUNICATIONS INC 0.6 %
T-MOBILE US, INC. 0.6 %
BIOGEN IDEC INC 0.6 %
SYNAPTICS INC 0.6 %
ONEMAIN HOLDINGS, INC. 0.6 %
GREEN DOT CORP-CLASS A 0.6 %
ABBVIE INC 0.6 %
AMN HEALTHCARE SERVICES INC 0.6 %
Total 5.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 99.5 %










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.
-3.8% 5.5% 5.7% -- 6.3%

Market Correlations
versus... Beta R-squared
S&P500 1.16 85%
MSCI EAFE 1.09 62%
MSCI Emg. Mkts. 0.71 46%

Technical Indicators
Recent close $33.56
30d moving avg. $33.14
Annualized volatility 15.3%
Short interest (ETF) 0.3%
Short interest (Underlying) 5.9%
Relative strength (RSI) 54

Liquidity measures
Avg. volume (thou.) 51
Turnover 0.4%
Bid/Ask (% of price) 0.34%
ADV underlying (mns) $40,546

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the Vident Core US Equity Fund ETF based on the alternatives' overlap in portfolio holdings with VUSE. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: VUSE Expense: 48 bp ALTAR Score™: 7.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH VUSE
Ticker Fund
Name
Overlap1
vs VUSE
(%)
Expense
ratio
(bp)
Savings
vs VUSE
(bp)
ALTAR
Score™
(%)
ALTAR
vs VUSE
(%)
FLAG Forensic Accounting 33.6 152 -104 8.2 +0.6
FAB First Trust Multi Cap Value 30.3 71 -23 8.3 +0.7
USMF WisdomTree U.S. Multifactor Fund 28.9 28 20 6.0 -1.6
AFMC First Trust Active Factor Mid Cap 26.2 65 -17 6.7 -0.9
VFMF Vanguard U.S. Multifactor 24.8 18 30 7.4 -0.2
FTA First Trust Large Cap Value 24.6 60 -12 8.3 +0.7
VALQ American Century STOXX U.S. Quality Value 24.2 29 19 8.8 +1.2
ULVM USAA MSCI USA Value Momentum Blend Index 24.0 20 28 7.2 -0.5
JVAL JPMorgan U.S. Value Factor 23.5 12 36 8.4 +0.8
FEX First Trust Large Cap Core Alphadex 22.8 60 -12 5.8 -1.8
ONEO SPDR Russell 1000 Momentum Focus 22.7 20 28 6.6 -1.0
TUSA First Trust Total US Market AlphaDEX 22.5 70 -22 6.1 -1.5
VFVA Vanguard U.S. Value Factor 22.0 13 35 8.9 +1.3
ROUS Lattice U.S. Equity Strategy ETF 21.9 19 29 6.3 -1.3
OVLU Invesco Russell 1000 Value Factor ETF 21.8 19 29 7.6 +0.0
FVAL Fidelity Value Factor 21.1 29 19 7.7 +0.1
QSY WisdomTree U.S. Quality Shareholder Yield 21.1 38 10 7.3 -0.3
ONEV SPDR Russell 1000 Low Volatility Focus 21.0 20 28 6.8 -0.8
PVAL Principal Contrarian Value Index 20.9 29 19 7.0 -0.6
FNK First Trust Mid Cap Value AlphaDEX 20.9 70 -22 9.1 +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%.

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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:
Vident Core US Equity Fund
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 13.1 %
Divided by: Fwd. P/BV 1.6 x
Less: Expense ratio 48 bp
Equals: ALTAR Score 7.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.63 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.