WisdomTree Asia Pacific Ex-Japan
ALTAR
Score™
9.2% info Recommen-
dation
NEUTRAL
2019E    2020E
P/E
ratio
12.1x P/Sales
ratio
1.1x
P/BV
ratio
1.3x Div.
yield
4.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
WisdomTree Asia Pacific ex-Japan Fund seeks investment results that closely correspond to the price and yield performance, before fees and expenses, of the WisdomTree Asia Pacific ex-Japan Index.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor WisdomTree ETFs/USA
Website www.wisdomtree.com
Inception date Jun 16, 2006
Assets (mns) $30
Currency USD
Expense ratio 48 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Bank of New York Mellon
Weighting Dividend
Index replication Optimized
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 218
Wgt avg mkt cap (mns) $82,177
Large cap (>$10bn) 86.7%
Mid cap ($2-10bn) 13.1%
Small cap (<$2bn) 0.0%
Developed mkts 53.5%
Emerging mkts 46.5%

TOP TEN HOLDINGS
CHINA MOBILE LIMITED 6.1 %
SAMSUNG ELECTRONICS CO LTD 6.0 %
TAIWAN SEMICONDUCTOR MANUFAC 5.9 %
CNOOC LTD 3.7 %
BHP BILLITON LTD 3.5 %
COMMONWEALTH BANK OF AUSTRAL 1.9 %
SINGAPORE TELECOMMUNICATIONS LIMIT 1.8 %
HON HAI PRECISION INDUSTRY 1.7 %
CHINA CONSTRUCTION BANK-H 1.6 %
WESTPAC BANKING CORP 1.5 %
Total 33.6 %

TOP COUNTRY EXPOSURE
HONG KONG 23.3 %
AUSTRALIA 22.9 %
TAIWAN 15.3 %
SOUTH KOREA 11.0 %
CHINA 10.0 %
SINGAPORE 5.9 %
INDIA 4.9 %
THAILAND 2.0 %
MALAYSIA 1.8 %
INDONESIA 1.4 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
11.1% 10.5% 2.7% 5.1% 6.1%

Market Correlations
versus... Beta R-squared
S&P500 0.76 57%
MSCI EAFE 0.95 76%
MSCI Emg. Mkts. 0.81 90%

Technical Indicators
Recent close $65.97
30d moving avg. $66.39
Annualized volatility 12.1%
Short interest (ETF) 0.0%
Relative strength (RSI) 58

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.2%
Bid/Ask (% of price) 0.27%
ADV underlying (mns) $7,386

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the WisdomTree Asia Pacific Ex-Japan ETF based on the alternatives' overlap in portfolio holdings with AXJL. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: AXJL Expense: 48 bp ALTAR Score™: 9.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH AXJL
Ticker Fund
Name
Overlap1
vs AXJL
(%)
Expense
ratio
(bp)
Savings
vs AXJL
(bp)
ALTAR
Score™
(%)
ALTAR
vs AXJL
(%)
DVEM WisdomTree Emerging Markets Dividend 43.4 32 16 11.3 +2.1
AAXJ iShares MSCI Asia ex-Japan 43.1 67 -19 8.3 -0.9
FLAX Franklin FTSE Asia Ex Japan 41.2 19 29 8.7 -0.5
EEMA iShares MSCI Emg Mkts Asia 38.8 50 -2 8.8 -0.5
AIA iShares S&P Asia 50 37.0 50 -2 9.6 +0.4
JHEM John Hancock Multifactor Emerging Markets 35.4 55 -7 8.9 -0.4
EPP iShares MSCI Pacific ex-Japan 34.8 48 0 6.4 -2.8
BBAX JPMorgan BetaBuilders Developed Asia ex-Japan 34.0 19 29 6.6 -2.6
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free 32.9 30 18 8.6 -0.6
EEM iShares MSCI Emerging Markets 31.1 67 -19 8.6 -0.6
DBEM Xtrackers MSCI Emg. Mkts. Hedged 31.0 65 -17 8.5 -0.7
FNDE Schwab Fundamental Emg Mkt Large Cap 29.6 39 9 11.2 +1.9
PXH Invesco FTSE-RAFI Emerging Markets 29.6 50 -2 12.5 +3.2
KEMX KraneShares MSCI Emerging Markets EX China Index 29.3 49 -1 8.7 -0.5
IEMG iShares Core MSCI Emerging Markets 28.3 14 34 8.7 -0.5
QEMM SPDR MSCI Emerging Markets Quality Mix 27.6 30 18 9.3 +0.1
GEM Goldman Sachs ActiveBeta Emg Mkts Equity 27.4 45 3 9.2 0.0
REEM Invesco Emerging Markets Revenue ETF 26.6 46 2 11.8 +2.6
EMXC iShares MSCI Emerging Markets ex China 26.1 49 -1 8.7 -0.5
2800-HK Tracker Fund of Hong Kong 25.9 9 39 9.7 +0.5

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2014 2015 2016 2017 2018 2019E 2020E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

Content on this tab for subscribers only

VALUATION METRICS
  2018 2019E 2020E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
WisdomTree Asia Pacific Ex-Japan
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 11.6 %
Divided by: Fwd. P/BV 1.2 x
Less: Expense ratio 48 bp
Equals: ALTAR Score 9.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.58 CATEGORY
AVERAGE
1.49
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.