MOO

VanEck Agribusiness ETF

The Agribusiness ETF seeks to replicate, before fees and expenses, the performance of the DAXglobalSM Agribusiness Index. The Index tracks securities of companies involved in the agriculture business traded on leading global exchanges.


Passive, Concentrated

MANAGEMENT MATRIX

VEGI

CLOSEST COMP

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorVan Eck Associates
CategoryGlobal Equities
Asset classEquity
Websitelink...
Inception dateAug 31, 2007
Assets (mns)$810
Expense ratio53 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsAnnually
Taxation1099
Stock selectionMarket Cap
WeightingMarket Cap
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
DEERE & CO 8.4 %
ZOETIS INC 7.4 %
CORTEVA INC 7.1 %
BAYER AG 6.7 %
NUTRIEN LTD. 6.4 %
ARCHER-DANIELS-MIDLAND CO 6.1 %
TYSON FOODS INC-CL A 4.5 %
KUBOTA CORP 3.8 %
BUNGE GLOBAL SA 3.3 %
CF INDUSTRIES HOLDINGS INC 3.3 %
Constituent Breakdown
Number of holdings61
Herfindahl-Hirschman Index 422
Wgt avg mkt cap (mns)$30,563
Large cap (>$10bn)65.2%
Mid cap ($2-10bn)32.7%
Small cap (<$2bn)2.1%
Developed mkts.91.5%
Emerging mkts.8.5%
Country Exposure
UNITED STATES 53.5 %
GERMANY 7.6 %
CANADA 6.4 %
NORWAY 5.7 %
JAPAN 5.3 %
BRITAIN 3.5 %
MALAYSIA 2.7 %
SINGAPORE 2.4 %
BRAZIL 1.5 %
HONG KONG 1.3 %
Historical Performance


Standardized Annual Returns (as of 04/30/2024)
YTD1 YR2 YR3 YR5 YR10 YRIncep.
-9.4% -16.8% -14.2% -7.0% 3.2% 4.4% 4.2%
Market Correlations
versus...BetaR-squared
S&P 5000.9162%
MSCI EAFE0.9765%
MSCI Emg Mkts0.6733%
Liquidity Measures
Avg. volume (000)59
Turnover0.5%
Avg. Bid/Ask (% of price)0.12%
ADV of underlying (mns)$2,849
Technical Indicators
Recent close$74.39
30d moving avg.$74.20
Annualized volatility20.6%
Relative strength (RSI)55
Short interest (ETF)1.2%
Short interest (underlying)0.0%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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Risk and Returns: MOO vs. Comps (1 YR)

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Results & Estimates
  2019 2020 2021 2022 2023 2024E 2025E  
Sales per share -- -- -- -- -- -- --
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Earnings per share -- -- -- -- -- -- --
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Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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Valuation Metrics
  2023 2024E Fwd Est 2025E
Price-to-sales --x --x --x --x
Price-to-earnings --x --x --x --x
Price-to-cash flow --x --x --x --x
Price-to-growth --x --x --x --x
Price-to-book value --x --x --x --x
Yield --% --% --x --%
0.9 12.4 1.4 3.0% --
Based on closing prices from 5/20/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
MOO



Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.

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ETF Research Center Fund Rating

Our measure of an ETF's overall investment merit

ALTAR Score™

MOO

9.1%

Cat. Avg

3.6%

Fund Category: Global Equities

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™9.1%
Recommendation

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

Category Overview
There are 341 funds in the Global Equities category, with an average ALTAR Score™ of 3.6% and a standard deviation of 4.7%. MOO's ALTAR Score™ is approximately 1.2 standard deviations above the category average. This places MOO in the 87th percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Composite
MOO
Peer Average
SELL
U/W
HOLD
O/W
BUY



Recent Trends


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Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
MOO 53.0 12.1 65.1
Peer Avg. -- -- --
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .