VNSE
Natixis Vaughan Nelson Select ETF
VNSE is an actively-managed, non-transparent narrow fund of US large- and midcap stocks that are believed to be temporarily out of favor or misunderstood.
Fund Basics
| Fund sponsor | Groupe BPCE |
| Category | US Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Sep 17, 2020 |
| Assets (mns) | $32 |
| Expense ratio | 80 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | None |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Proprietary |
| Holdings Transparency | Non-transparent |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| MICROSOFT CORP | 6.8 % |
| AMAZON.COM INC | 5.6 % |
| SAIA INC | 5.3 % |
| NVIDIA CORP | 5.2 % |
| MONOLITHIC POWER SYSTEMS INC | 5.1 % |
| ALPHABET INC. CLASS A | 4.6 % |
| SHERWIN-WILLIAMS CO/THE | 4.5 % |
| INTERCONTINENTALEXCHANGE INC | 4.3 % |
| JPMORGAN CHASE & CO | 4.2 % |
| DANAHER CORP | 4.1 % |
Constituent Breakdown
| Number of holdings | 26 |
| Herfindahl-Hirschman Index | 423 |
| Wgt avg mkt cap (mns) | $660,947 |
| Large cap (>$10bn) | 97.9% |
| Mid cap ($2-10bn) | 2.1% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 95.2 % |
 |
IRELAND | 4.1 % |
Historical Performance
Standardized Annual Returns (as of 03/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 9.1% | 22.6% | 7.1% | 12.8% | -- | -- | 17.3% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.98 | 92% |
| MSCI EAFE | 0.87 | 68% |
| MSCI Emg Mkts | 0.63 | 38% |
Liquidity Measures
| Avg. volume (000) | 2 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.15% |
| ADV of underlying (mns) | $65,743 |
Technical Indicators
| Recent close | $31.88 |
| 30d moving avg. | $29.12 |
| Annualized volatility | 18.1% |
| Relative strength (RSI) | 83 |
| Short interest (ETF) | 0.4% |
| Short interest (underlying) | 2.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. VNSE |
Expenses vs. VNSE |
ALTAR Score™ vs. VNSE |
|---|---|---|---|---|
| FSST | Fidelity Sustainable U.S. Equity ETF | 32.9% | -21 bp | +1.6% |
| USMC | Principal U.S. Mega-Cap ETF | 31.6% | -68 bp | +1.7% |
| XLG | Invesco S&P 500 Top 50 ETF | 30.3% | -60 bp | +1.4% |
| IETC | iShares U.S. Tech Independence Focused ETF | 29.5% | -62 bp | +1.2% |
| OEF | iShares S&P 100 ETF | 28.7% | -60 bp | +1.7% |
| GFGF | Guru Favorite Stocks ETF Guru Favorite Stocks Fund | 28.1% | -15 bp | +0.5% |
| DYNF | BlackRock U.S. Equity Factor Rotation ETF | 27.9% | -50 bp | +1.4% |
| MGK | Vanguard Mega Cap Growth ETF | 27.3% | -73 bp | +1.1% |
| SPMO | Invesco S&P 500 Momentum ETF | 27.1% | -67 bp | +0.5% |
| TMFC | Motley Fool 100 Index ETF | 27.0% | -30 bp | +0.7% |
Risk and Returns: VNSE vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
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 | --% |
Based on closing prices from 5/3/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
VNSE
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™
VNSE
3.2%
Cat. Avg
5.8%
Fund Category: US Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 3.2% |
Recommendation
AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.
Category Overview
There are 887 funds in the US Equities category, with an average ALTAR Score™
of 5.8% and a standard deviation of
2.7%. VNSE's ALTAR Score™ is approximately
1.0 standard deviations
below
the category average. This places VNSE in the 17th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
VNSE
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
| Latest price | |
| Change | |
| Volume | |
| Bid/Ask Spread | |
| Update |
Today's Trading
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Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| VNSE | 80.0 | 15.1 | 95.1 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .