Morningstar Advisor - December 2013/January 2014 - (Page 76)
By the Numbers: ETFs
50 Most-Popular
Equity ETFs
Morningstar's analysis of exchange-traded
funds now harnesses the rigorous,
bottom-up research that our 100-plus equity
analysts conduct in order to estimate
the fair value of stock ETFs. By comparing
our fair value estimate for an ETF's
portfolio with the fund's market price, we
can better gauge whether an ETF is cheap,
dear, or reasonably priced. In so doing,
we can help you profit from inviting opportunities as they arise.
The table lists the 50 most-popular equity ETFs,
ranked by assets under management. A
Morningstar Valuation Rating of Undervalued
means the ETF is trading at a significant
discount to our estimate of its intrinsic
worth. A rating of Overvalued means the ETF
is trading at a significant premium to our
fair value estimate. We rate Fairly Valued any
ETF that trades in between.
The fair value estimate is the aggregate,
asset-weighted fair value of the stocks in an
ETF portfolio that are under coverage by
Morningstar equity analysts, divided by the
ETF's shares outstanding. Depending on
the coverage rate, the fair value estimate may
not include all of the stocks in the portfolio.
As such, when calculating our estimate, we
assume that all stocks not under coverage are
trading at fair value.
Morningstar's exchange-traded securities
team analyzes the fundamental attractiveness
of hundreds of ETFs. Our extensive ETF
research is available in Morningstar Principia
and Morningstar Office.
Name
Morningstar
Category
Style Box
Morningstar
Rating
SPDR S&P 500
Vanguard FTSE Emerging Markets ETF
iShares MSCI EAFE
iShares Core S&P 500 ETF
iShares MSCI Emerging Markets
Large Blend
Diversified Emerging Mkts
Foreign Large Blend
Large Blend
Diversified Emerging Mkts
È
ÙÙÙÙ
ÙÙÙ
ÙÙÙ
ÙÙÙÙ
ÙÙÙ
PowerShares QQQ
Vanguard Total Stock Market ETF
iShares Russell 2000 ETF
iShares Core S&P Mid-Cap ETF
iShares Russell 1000 Growth ETF
Large Growth
Large Blend
Small Blend
Mid-Cap Blend
Large Growth
É
iShares Russell 1000 Value ETF
Vanguard Dividend Appreciation ETF
Vanguard REIT Index ETF
Vanguard FTSE Developed Markets ETF
SPDR S&P MidCap 400
Large Value
Large Blend
Real Estate
Foreign Large Blend
Mid-Cap Blend
Ç
Financial Select Sector SPDR
iShares Select Dividend
iShares Core S&P Small-Cap ETF
SPDR S&P Dividend ETF
Technology Select Sector SPDR
Financial
Mid-Cap Value
Small Blend
Large Value
Technology
Ç
Vanguard S&P 500 ETF
iShares MSCI Japan
Vanguard Growth ETF
Vanguard FTSE Europe ETF
Vanguard Value ETF
Large Blend
Japan Stock
Large Growth
Europe Stock
Large Value
È
SPDR Dow Jones Industrial Average
Vanguard FTSE All-World exWisdomTree Japan Hedged Equity
iShares Russell Mid-Cap ETF
Energy Select Sector SPDR
Large Value
Foreign Large Blend
Japan Stock
Mid-Cap Blend
Equity Energy
È
iShares S&P 500 Growth
iShares Russell 1000 ETF
Vanguard Small Cap ETF
Health Care Select Sector SPDR
Industrial Select Sector SPDR
Large Growth
Large Blend
Small Blend
Health
Industrials
É
Market Vectors Gold Miners ETF
ALPS Alerian MLP ETF
Consumer Discret Select Sector SPDR
Vanguard High Dividend Yield Indx ETF
Consumer Staples Select Sector SPDR
Equity Precious Metals
Equity Energy
Consumer Cyclical
Large Value
Consumer Defensive
Ë
iShares MSCI EMU Index
Vanguard Mid-Cap ETF
iShares S&P 500 Value
iShares Russell 2000 Growth ETF
iShares Russell 2000 Value ETF
Europe Stock
Mid-Cap Blend
Large Value
Small Growth
Small Value
È
JPMorgan Alerian MLP Index ETN
iShares MSCI Brazil Capped
Guggenheim S&P 500 Equal Weight
iShares MSCI Germany
Utilities Select Sector SPDR
Equity Energy
Latin America Stock
Large Blend
Miscellaneous Region
Utilities
-
Data as of Oct. 31, 2013
76 Morningstar Advisor December/January 2014
È
È
È
È
È
Î
Ë
É
È
Ë
È
Ë
Ê
Î
Ç
É
È
É
È
Ç
È
È
Ë
Ç
È
Î
É
È
Ê
É
Ç
È
Ì
Ç
Ï
Í
È
È
È
Ç
ÙÙÙÙÙ
ÙÙÙÙ
ÙÙÙ
ÙÙÙÙ
ÙÙÙÙ
ÙÙÙ
ÙÙÙÙ
ÙÙÙ
ÙÙÙ
ÙÙÙÙ
Ù
ÙÙÙ
ÙÙÙÙ
ÙÙÙÙ
ÙÙÙ
ÙÙÙÙ
ÙÙÙ
ÙÙÙÙ
ÙÙÙ
ÙÙÙ
ÙÙÙÙ
ÙÙÙ
ÙÙ
ÙÙÙÙ
ÙÙÙÙÙ
ÙÙÙÙ
ÙÙÙÙ
ÙÙÙÙ
ÙÙÙ
ÙÙÙ
ÙÙ
ÙÙÙÙÙ
ÙÙÙ
ÙÙÙÙ
ÙÙÙ
Ù
ÙÙÙÙ
ÙÙÙ
ÙÙÙ
ÙÙ
ÙÙÙÙÙ
Ù
ÙÙÙÙÙ
-
ÙÙÙ
Table of Contents for the Digital Edition of Morningstar Advisor - December 2013/January 2014
Morningstar Advisor - December 2013/January 2014
Contents
Contributors
Letter From the Editor
What’s Your Purpose?
Working for Gen Y
How to Allocate College Savings
Mobius Looks to a New Frontier
Investments á la Carte
Investment Briefs
How to Manage Bonds for Today and Tomorrow
Cloud Is the New Engine of Growth
Knowing Where to Look
Economic Vulnerability Varies by Country
Factor Investing in Emerging Markets
Following the Rules
Exploring Indexing’s Next Frontiers
Frequent Fliers
Family Blind Spots
Optimal Portfolios for the Long Run
Finding Value in a Pricey Sector
Our Favorite Mutual Funds
50 Most-Popular Equity ETFs
Undervalued Stocks With Wide Moats
The Emerging-Markets Roller Coaster
Morningstar Advisor - December 2013/January 2014
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2024q1
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2023q4
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2023q3
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2023q2
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2023q1
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2022q4
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2022q3
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2022q2
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2022q1
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2021q4
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2021q3
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2021q2
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2021q1
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2020q4
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2020q3
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2020q2
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2020q1
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2019winter
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2019fall
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2019summer
https://www.nxtbook.com/nxtbooks/morningstar/magazine_2019spring
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20191201
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20181011
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20180809
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20180607
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20180405
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20180203
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20181201
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20171011
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20170809
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20170607
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20170405
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20170203
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20171201
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20161011
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20160809
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20160607
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20160405
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20160203
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20161201
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20151011
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20150809
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20150607
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20150405
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20150203
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20151201
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20141011
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20140809
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20140607
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20140405
https://www.nxtbook.com/nxtbooks/morningstar/magazine_20140203
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20141201
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20131011
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20130809
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20130607
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20130405
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20130203
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20131201
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20121011
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20120809
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20120607
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20120405
https://www.nxtbook.com/nxtbooks/morningstar/investorconference2012
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20120203
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20121201
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20111011
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20110809
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20110607
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20110405
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20110203
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20111201
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20101011
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20100809_lincoln
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20100809
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20100607_lincoln
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20100607
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20100405_lincoln
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20100405
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20100203
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20101201
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20091011
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20090809
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20090607
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20090405
https://www.nxtbook.com/nxtbooks/morningstar/advisor_20090203
https://www.nxtbook.com/nxtbooks/morningstar/advisor_2008fall
https://www.nxtbook.com/nxtbooks/morningstar/advisor_2008summer
https://www.nxtbook.com/nxtbooks/morningstar/advisor_2007spring
https://www.nxtbook.com/nxtbooks/morningstar/advisor_2007fall
https://www.nxtbook.com/nxtbooks/morningstar/advisor_2007summer
https://www.nxtbook.com/nxtbooks/morningstar/advisor_2008spring
https://www.nxtbook.com/nxtbooks/morningstar/advisor_2008catalog
https://www.nxtbook.com/nxtbooks/morningstar/advisor_2008winter
https://www.nxtbookmedia.com