ESPOVanEck Vectors Video Gaming and eSports ETF
Market Updates*
- VanEck Vectors Video Gaming and eSports ETF (ESPO) has outperformed the S&P 500 during the market volatility of 2020, as of 11/30/20.
- Mobile gaming continues to dominate industry revenues and provide the most growth by segment. High levels of demand for next-gen console sales into 2021 should provide an overall favorable backdrop for the video game industry.
- Video gaming is a global diversified industry by game and by region with both developed and emerging markets consumers. We believe the video gaming industry represents a long-term structural growth opportunity, supported by trends like changing consumer preferences and demographics.
Fund Description
VanEck Vectors® Video Gaming and eSports ETF (ESPO®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MVIS® Global Video Gaming and eSports Index (MVESPOTR), which is intended to track the overall performance of companies involved in video game development, esports, and related hardware and software.
-
Fund Ticker
ESPO -
Exchange
NASDAQ -
ETF Structure
Physical -
Administrator
Van Eck Associates -
Custodian
State Street Bank and Trust Company -
Index Ticker
MVESPOTR -
Index Rebalancing
Quarterly
as of 02/26/21
-
30-Day SEC Yield1
-0.08% -
Total Net Assets
$874.7M -
Number of Holdings
25 -
Options
Available -
Gross Expense Ratio2
0.58% -
Net Expense Ratio/TER2
0.55% -
Distribution Frequency
Annual
Key Points
- Competitive video gaming audience expected to reach 495 million people globally in 20206
- Esports revenue growth has increased almost 28% yearly since 2015, supported by a young, affluent audience7
- Companies must derive at least 50% of total revenues from video gaming and/or esports to be initially eligible for the Index
Trading Information
-
Fund Ticker
ESPO -
Index Total Return Ticker
MVESPOTR -
NAV
ESPONV -
Intraday NAV (IIV)4
ESPOIV -
Shares Outstanding
12,150,000 -
Estimated Cash
ESPOEU -
Total Cash
ESPOTC -
CUSIP
92189F114 -
ISIN
US92189F1140
Source: Bloomberg
Fees and Expenses2
-
Management Fee
0.50% -
Other Expenses
0.08% -
Gross Expense Ratio
0.58% -
Fee Waivers andExpense Reimbursement
-0.03% -
Net Expense Ratio/TER2
0.55%
2Expenses for ESPO are capped contractually at 0.55% until February 1, 2022. Cap excludes acquired fund fees and expenses, interest expense, trading expenses, taxes and extraordinary expenses.
Investment Professionals
Peter Liao, CFA
- Portfolio Manager and Head of Equity ETFs
- Oversees the Equity ETF Investment Management Team including development and management of index replication and optimization strategies
- Joined VanEck in 2005
- CFA charterholder; member of the CFA Society New York
- BA, Mathematics and Economics, New York University
Guo Hua (Jason) Jin
- Portfolio Manager and Analyst for Equity ETFs
- Joined VanEck in 2007
- Prior to his current role, held a portfolio administration position at VanEck
- Previously, Portfolio Analyst at Evaluation Associates
- BS, Business Administration (concentration in Financial Analysis), State University of New York at Buffalo
Griffin Driscoll
- Analyst for Equity ETFs
- Joined VanEck in 2018
- Prior to joining VanEck, ETF Basket Operations Analyst at JPMorgan
- BS, Finance, Providence College
Ralph Lasta
- Analyst for Equity ETFs
- Joined VanEck in 2019
- Prior to VanEck, Intermediate Representative, Exchange Traded Funds at BNY Mellon.
- BS, Accounting, Hunter College
Prices as of 02/26/21
-$0.76 / -1.05% Performance History: Average Annual Total Returns* (%)
| 1 MO | 3 MO | YTD | 1 YR | 3 YR | 5 YR | 10 YR | LIFE 10/16/18 |
|
|---|---|---|---|---|---|---|---|---|
| ESPO (NAV) | 3.57 | 21.51 | 3.57 | 88.33 | -- | -- | -- | 45.27 |
| ESPO (Share Price) | 3.73 | 21.63 | 3.73 | 89.55 | -- | -- | -- | 45.44 |
| MVESPOTR (Index) | 3.58 | 21.75 | 3.58 | 87.99 | -- | -- | -- | 46.41 |
| Performance Differential (NAV - Index) | -0.01 | -0.24 | -0.01 | 0.34 | -- | -- | -- | -1.14 |
| 1 MO | 3 MO | YTD | 1 YR | 3 YR | 5 YR | 10 YR | LIFE 10/16/18 |
|
|---|---|---|---|---|---|---|---|---|
| ESPO (NAV) | 7.12 | 14.11 | 84.24 | 84.24 | -- | -- | -- | 45.05 |
| ESPO (Share Price) | 7.13 | 13.91 | 83.93 | 83.93 | -- | -- | -- | 45.12 |
| MVESPOTR (Index)** | 7.18 | 14.58 | 84.67 | 84.67 | -- | -- | -- | 46.22 |
| Performance Differential (NAV - Index) | -0.06 | -0.47 | -0.43 | -0.43 | -- | -- | -- | -1.17 |
Top 10 Holdings (%) as of 01/31/21 Daily Holdings
Total Holdings: 25
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| Holding Name |
Ticker
|
Shares |
Market Value (US$) |
% of Net Assets |
|
|---|---|---|---|---|---|
| TENCENT HOLDINGS LTD |
700 HK
|
816,600
|
72,756,103 | 8.77 | |
| NVIDIA CORP |
NVDA US
|
118,992
|
61,827,053 | 7.46 | |
| BILIBILI INC |
BILI US
|
473,834
|
53,964,954 | 6.51 | |
| SEA LTD |
SE US
|
246,721
|
53,466,908 | 6.45 | |
| ADVANCED MICRO DEVICES INC |
AMD US
|
599,478
|
51,339,296 | 6.19 | |
| NETEASE INC |
NTES US
|
432,141
|
49,691,894 | 5.99 | |
| NINTENDO CO LTD |
7974 JP
|
82,700
|
47,627,767 | 5.74 | |
| ACTIVISION BLIZZARD INC |
ATVI US
|
512,367
|
46,625,397 | 5.62 | |
| TAKE-TWO INTERACTIVE SOFTWARE INC |
TTWO US
|
188,476
|
37,780,014 | 4.56 | |
| ELECTRONIC ARTS INC |
EA US
|
259,964
|
37,226,845 | 4.49 | |
| Top 10 Total (%) | 61.78 | ||||
These are not recommendations to buy or to sell any security. Securities and holdings may vary.
Country Weightings (%) as of 01/31/21
-
Country
% of Net Assets -
■
United States
36.08 -
■
China
23.13 -
■
Japan
19.40 -
■
Taiwan
7.99 -
■
South Korea
5.54 -
■
France
2.85 -
■
Sweden
2.67 -
■
Poland
2.46 -
■
Other/Cash
-0.11
Sector Weightings (%) as of 01/31/21
-
Sector
% of Net Assets -
■
Communication Services
75.0 -
■
Information Technology
21.2 -
■
Consumer Discretionary
4.0 -
■
Other/Cash
-0.1