Vanguard Mega Cap 300 ETF
ALTAR
Score™
5.9% info Recommen-
dation
UNDERWEIGHT
2017E    2018E
P/E
ratio
18.0x P/Sales
ratio
2.1x
P/BV
ratio
2.8x Div.
yield
2.2%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
Vanguard Mega Cap 300 ETF seeks investment results that correspond to the MSCI US Large Cap 300 Index.

FUND BASICS
Category Traditional Indices
Fund Sponsor Vanguard Group Inc/The
Website www.vanguard.com
Inception date Dec 21, 2007
Assets (mns) $1,163
Currency USD
Expense ratio 9 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-End Investment Co
Custodian
Weighting Market Cap
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 274
Wgt avg mkt cap (mns) $180,975
Large cap (>$10bn) 97.8%
Mid cap ($2-10bn) 0.3%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLE INC 4.0 %
MICROSOFT CORP 2.7 %
AMAZON.COM INC 2.0 %
JOHNSON & JOHNSON 2.0 %
EXXON MOBIL CORP 2.0 %
FACEBOOK 1.9 %
BERKSHIRE HATHAWAY INC-CL B 1.9 %
JPMORGAN CHASE & CO 1.8 %
GENERAL ELECTRIC CO 1.5 %
AT&T INC 1.5 %
Total 21.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 98.2 %
IRELAND 1.4 %
BRITAIN 0.2 %
SWITZERLAND 0.2 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru February 28)
Year-to-date 1 year 5 years 10 years Since Incep.
5.9% 24.9% 13.9% -- 7.5%

Market Correlations
versus... Beta R-squared
S&P500 1.01 100%
MSCI EAFE 0.71 67%
MSCI Emg. Mkts. 0.40 38%

Technical Indicators
Recent close $80.33
Annualized volatility 10.5%
Short Interest (ETF) 0.2%
Short Interest (Underlying) 1.9%
Tracking Error 0.00
Relative strength (RSI) 60

Liquidity measures
Avg. volume (thou.) 81
Turnover 0.6%
Bid/Ask (% of price) 0.05%
ADV underlying (mns) $114,188

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the Vanguard Mega Cap 300 ETF ETF based on the alternatives' overlap in portfolio holdings with MGC. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: MGC Expense: 9 bp ALTAR Score™: 5.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH MGC
Ticker Fund
Name
Overlap1
vs MGC
(%)
Expense
ratio
(bp)
Savings
vs MGC
(bp)
ALTAR
Score™
(%)
ALTAR
vs MGC
(%)
IWL iShares Russell Top 200 91.5 15 -6 5.9 -0.0
PBP PowerShares S&P 500 Buy/Write 87.5 75 -66 5.4 -0.5
HSPX Horizons S&P 500 Covered Call 86.5 65 -56 5.5 -0.4
SPYX SPDR S&P 500 Fossil Fuel Reserves Free 86.3 20 -11 6.0 +0.1
VOO Vanguard S&P 500 ETF 86.3 5 4 6.0 +0.1
SPXE ProShares S&P 500 Ex-Energy 86.1 27 -18 6.2 +0.3
IVV iShares Core S&P 500 86.1 4 5 6.0 +0.1
SPY S&P 500 SPDR 86.0 9 -0 6.0 +0.1
SPXV ProShares S&P 500 Ex-Health Care 84.1 27 -18 5.7 -0.2
VV Vanguard Large-Cap ETF 83.7 9 0 6.0 +0.1
SPXN ProShares S&P 500 Ex-Financials 81.9 27 -18 5.9 -0.0
SCHX Schwab U.S. Large-Cap 79.5 4 5 6.1 +0.2
CATH Global X S&P 500 Catholic Values 78.1 29 -20 6.0 +0.1
ONEK SPDR Russell 1000 ETF 77.8 11 -2 5.9 +0.1
VONE Vanguard Russell 1000 77.8 12 -3 5.9 +0.0
IWB iShares Russell 1000 77.7 15 -6 5.9 -0.0
DHVW Diamond Hill Valuation-Weighted 500 77.5 10 -1 6.0 +0.1
IYY iShares DJ US Total Market 75.1 20 -11 5.8 -0.0
SPXT ProShares S&P 500 Ex-Technology 74.5 27 -18 5.9 -0.0
OEF iShares S&P 100 72.7 20 -11 5.9 +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

  2012 2013 2014 2015 2016 2017E 2018E
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
  2016 2017E 2018E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
Vanguard Mega Cap 300 ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores above 3.0% but below 6.0%. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 16.3 %
Divided by: Fwd. P/BV 2.7 x
Less: Expense ratio 9 bp
Equals: ALTAR Score 5.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.49 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.