CEO's Investment
Outlook
ESPOVanEck Vectors Video Gaming and eSports ETF
Market Updates*
- 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.
- 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.
- Publishers are using new businesses models to accelerate growth through recurrent in-game spending.
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 05/10/21
-
30-Day SEC Yield1
-0.16% -
Total Net Assets
$798.4M -
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
11,850,000 -
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 05/10/21
-$1.73 / -2.51%
Performance History: Average Annual Total Returns* (%)
| 1 MO | 3 MO | YTD | 1 YR | 3 YR | 5 YR | 10 YR | LIFE 10/16/18 |
|
|---|---|---|---|---|---|---|---|---|
| ESPO (NAV) | 3.72 | -2.38 | 1.11 | 69.07 | -- | -- | -- | 38.83 |
| ESPO (Share Price) | 3.60 | -2.49 | 1.14 | 70.18 | -- | -- | -- | 38.91 |
| MVESPOTR (Index)** | 4.17 | -2.14 | 1.37 | 69.54 | -- | -- | -- | 39.94 |
| Performance Differential (NAV - Index) | -0.45 | -0.24 | -0.26 | -0.47 | -- | -- | -- | -1.11 |
| 1 MO | 3 MO | YTD | 1 YR | 3 YR | 5 YR | 10 YR | LIFE 10/16/18 |
|
|---|---|---|---|---|---|---|---|---|
| ESPO (NAV) | -5.31 | -2.52 | -2.52 | 76.84 | -- | -- | -- | 38.29 |
| ESPO (Share Price) | -5.31 | -2.37 | -2.37 | 76.06 | -- | -- | -- | 38.43 |
| MVESPOTR (Index)** | -5.34 | -2.69 | -2.69 | 76.78 | -- | -- | -- | 39.19 |
| Performance Differential (NAV - Index) | 0.03 | 0.17 | 0.17 | 0.06 | -- | -- | -- | -0.90 |
Top 10 Holdings (%) as of 04/30/21 Daily Holdings
Total Holdings: 25
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| Holding Name |
Ticker
|
Shares |
Market Value (US$) |
% of Net Assets |
|
|---|---|---|---|---|---|
| NVIDIA CORP |
NVDA US
|
127,480
|
76,536,442 | 9.13 | |
| SEA LTD |
SE US
|
237,821
|
60,059,315 | 7.17 | |
| TENCENT HOLDINGS LTD |
700 HK
|
749,400
|
59,788,057 | 7.14 | |
| ADVANCED MICRO DEVICES INC |
AMD US
|
717,630
|
58,572,961 | 6.99 | |
| NINTENDO CO LTD |
7974 JP
|
87,800
|
50,359,803 | 6.01 | |
| ACTIVISION BLIZZARD INC |
ATVI US
|
478,697
|
43,652,379 | 5.21 | |
| NETEASE INC |
NTES US
|
375,934
|
42,127,164 | 5.03 | |
| ELECTRONIC ARTS INC |
EA US
|
274,843
|
39,049,693 | 4.66 | |
| BILIBILI INC |
BILI US
|
346,873
|
38,454,341 | 4.59 | |
| TAKE-TWO INTERACTIVE SOFTWARE INC |
TTWO US
|
216,980
|
38,053,952 | 4.54 | |
| Top 10 Total (%) | 60.47 | ||||
These are not recommendations to buy or to sell any security. Securities and holdings may vary.
Country Weightings (%) as of 04/30/21
-
Country
% of Net Assets -
■
United States
38.73 -
■
Japan
20.59 -
■
China
18.54 -
■
Taiwan
9.46 -
■
South Korea
4.97 -
■
Sweden
3.74 -
■
France
2.51 -
■
Poland
1.45 -
■
Other/Cash
0.01
Sector Weightings (%) as of 04/30/21
-
Sector
% of Net Assets -
■
Communication Services
71.1 -
■
Information Technology
24.5 -
■
Consumer Discretionary
4.3 -
■
Other/Cash
0.0