WisdomTree Emerging Markets High Dividend Fund
ALTAR
Score™
15.1% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
9.6x P/Sales
ratio
0.6x
P/BV
ratio
0.8x Div.
yield
5.8%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Fund seeks investment results that correspond to the price and yield performance, before fees and expenses, of the WisdomTree Emerging Markets High Yield Index, comprised of stocks with the highest 30% of yields in the WT Emerging Markets Dividend Index, and is weighted by the dollar value of dividends.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor WisdomTree
Website www.wisdomtree.com
Inception date Jul 13, 2007
Assets (mns) $1,588
Currency USD
Expense ratio 63 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 446
Wgt avg mkt cap (mns) $30,044
Large cap (>$10bn) 56.6%
Mid cap ($2-10bn) 30.4%
Small cap (<$2bn) 12.6%
Developed mkts 8.8%
Emerging mkts 91.2%

TOP TEN HOLDINGS
GAZPROM OAO-SPON ADR 4.2 %
HON HAI PRECISION INDUSTRY 3.7 %
PUBLIC JOINT STOCK COMPANY MINING 3.2 %
CHINA CONSTRUCTION BANK-H 2.9 %
OIL COMPANY LUKOIL PJSC SPONSORED 2.5 %
CHINA MOBILE LIMITED 2.5 %
SBERBANK-SPONSORED ADR 2.3 %
TATNEFT PJSC SPONSORED ADR 2.2 %
IND & COMM BK OF CHINA - H 1.7 %
NAN YA PLASTICS CORP 1.7 %
Total 27.0 %

TOP COUNTRY EXPOSURE
TAIWAN 28.5 %
CHINA 21.4 %
RUSSIA 18.9 %
HONG KONG 7.9 %
SOUTH AFRICA 3.2 %
BRAZIL 3.1 %
SOUTH KOREA 2.8 %
INDIA 2.6 %
MEXICO 2.2 %
MALAYSIA 1.6 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-17.2% -5.4% 5.0% 1.0% 2.0%

Market Correlations
versus... Beta R-squared
S&P500 0.85 59%
MSCI EAFE 1.04 75%
MSCI Emg. Mkts. 0.88 85%

Technical Indicators
Recent close $36.92
30d moving avg. $37.83
Annualized volatility 19.2%
Short interest (ETF) 0.1%
Relative strength (RSI) 46

Liquidity measures
Avg. volume (thou.) 359
Turnover 0.8%
Bid/Ask (% of price) 0.12%
ADV underlying (mns) $1,559

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the WisdomTree Emerging Markets High Dividend Fund ETF based on the alternatives' overlap in portfolio holdings with DEM. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: DEM Expense: 63 bp ALTAR Score™: 15.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH DEM
Ticker Fund
Name
Overlap1
vs DEM
(%)
Expense
ratio
(bp)
Savings
vs DEM
(bp)
ALTAR
Score™
(%)
ALTAR
vs DEM
(%)
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 29.3 39 24 13.5 -1.7
PXH Invesco FTSE RAFI Emerging Markets ETF 25.3 50 13 14.2 -1.0
EWT iShares MSCI Taiwan ETF 23.0 59 4 6.0 -9.1
CEY VictoryShares Emerging Market High Dividend Volatility Wtd E 22.6 51 12 14.7 -0.4
FLTW Franklin FTSE Taiwan ETF 22.2 19 44 6.3 -8.9
EELV Invesco S&P Emerging Markets Low Volatility ETF 20.4 29 34 10.3 -4.8
ROAM Hartford Multifactor Emerging Markets ETF 19.5 44 19 13.3 -1.8
CEZ VictoryShares Emerging Market Volatility Wtd Index ETF 19.3 50 13 10.8 -4.4
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 19.1 44 19 9.2 -5.9
RSX VanEck Vectors Russia ETF 18.5 67 -4 13.3 -1.8
JHEM John Hancock Multifactor Emerging Markets ETF 18.1 49 14 8.7 -6.4
RNEM Emerging Markets Equity Select ETF 17.8 75 -12 12.2 -2.9
AVEM Avantis Emerging Markets Equity ETF 16.6 33 30 9.1 -6.1
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 16.2 30 33 9.0 -6.2
EDIV SPDR S&P Emerging Markets Dividend ETF 16.0 49 14 12.1 -3.0
ECOW Pacer Emerging Markets Cash Cows 100 ETF 15.8 74 -11 14.1 -1.1
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 15.5 32 31 9.3 -5.9
GMF SPDR S&P Emerging Asia Pacific ETF 15.0 49 14 7.5 -7.7
FXI iShares China Large-Cap ETF 14.9 74 -11 13.8 -1.4
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 14.9 45 18 9.1 -6.1
DVYE iShares Emerging Markets Dividend ETF 14.6 49 14 17.5 +2.3
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 14.6 63 0 12.8 -2.3
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 14.6 59 4 11.3 -3.8
SPEM SPDR Portfolio Emerging Markets ETF 14.4 11 52 8.1 -7.1
GXC SPDR S&P China ETF 14.2 59 4 8.2 -6.9
ISEM Invesco Strategic Emerging Markets ETF 14.1 35 28 11.1 -4.0
EMMF WisdomTree Emerging Markets Multifactor Fund 13.8 48 15 9.7 -5.5
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 13.6 45 18 14.6 -0.5
FLCH Franklin FTSE China ETF 13.4 19 44 8.5 -6.7
EEMA iShares MSCI Emerging Markets Asia ETF 13.3 50 13 7.7 -7.4
MCHI iShares MSCI China ETF 13.1 59 4 8.0 -7.2
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 12.7 25 38 8.0 -7.1
AIA iShares Asia 50 ETF 12.6 50 13 8.1 -7.1
SCHE Schwab Emerging Markets Equity ETF 12.6 11 52 8.1 -7.0
VWO Vanguard FTSE Emerging Markets ETF 12.2 10 53 8.3 -6.9
PBEE Invesco PureBeta FTSE Emerging Markets ETF 12.1 15 48 8.9 -6.3
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 12.0 49 14 8.1 -7.1
EDOG ALPS Emerging Sector Dividend Dogs ETF 11.7 60 3 11.1 -4.0
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 11.6 30 33 7.9 -7.3
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 11.6 20 43 11.8 -3.4
FLAX Franklin FTSE Asia Ex Japan ETF 11.5 19 44 7.8 -7.3
KALL KraneShares FTSE Emerging Markets Plus ETF 11.5 49 14 8.2 -6.9
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 11.2 65 -2 7.6 -7.5
SDEM Global X SuperDividend Emerging Markets ETF 11.1 66 -3 18.5 +3.3
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 11.1 45 18 7.6 -7.5
IEMG iShares Core MSCI Emerging Markets ETF 11.1 13 50 8.1 -7.1
BKEM BNY Mellon Emerging Markets Equity ETF 11.0 11 52 8.6 -6.6
EEM iShares MSCI Emerging Markets ETF 11.0 68 -5 7.6 -7.6
XCEM Columbia EM Core ex-China ETF 10.9 16 47 7.3 -7.8
AAXJ iShares MSCI All Country Asia ex Japan ETF 10.8 68 -5 7.2 -8.0
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 10.8 40 23 7.4 -7.7
BKF iShares MSCI BRIC ETF 10.7 69 -6 7.7 -7.5
FRDM Freedom 100 Emerging Markets ETF 10.4 49 14 6.9 -8.3
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 10.4 95 -32 8.2 -7.0
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 10.3 49 14 7.8 -7.3
DVEM WisdomTree Emerging Markets Dividend Fund 10.3 32 31 7.4 -7.7
VIDI Vident International Equity Fund 10.3 59 4 11.4 -3.8
FEM First Trust Emerging Markets AlphaDEX Fund 10.0 80 -17 13.8 -1.3
CHIL Global X MSCI China Large-Cap 50 ETF 9.8 29 34 8.0 -7.1
FDEM Fidelity Targeted Emerging Markets Factor ETF 9.8 45 18 8.8 -6.3
ESGE iShares ESG MSCI EM ETF 9.7 25 38 8.8 -6.3
DEW WisdomTree Global High Dividend Fund 9.6 58 5 9.7 -5.4
EMXC iShares MSCI Emerging Markets ex China ETF 9.6 25 38 8.2 -6.9
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 9.4 32 31 6.0 -9.2
EEMS iShares MSCI Emerging Markets Small Cap ETF 9.3 69 -6 7.9 -7.2
LVIN Hartford Multifactor Low Volatility International Equity ETF 9.3 29 34 11.6 -3.5
SDIV Global X SuperDividend ETF 8.8 59 4 13.7 -1.4
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 8.7 36 27 7.5 -7.7
VYMI Vanguard International High Dividend Yield ETF 8.7 27 36 10.6 -4.6
CN Xtrackers MSCI All China Equity ETF 8.5 50 13 8.2 -6.9
ACWF iShares FactorSelect MSCI Global ETF 8.4 35 28 8.2 -7.0
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 8.4 20 43 6.9 -8.2
EWX SPDR S&P Emerging Markets Small Cap ETF 8.4 65 -2 6.1 -9.0
CHIX Global X China Financials ETF 8.2 66 -3 20.4 +5.3
NUEM Nuveen ESG Emerging Markets Equity ETF 8.1 45 18 7.1 -8.1
IQDF FlexShares International Quality Dividend Index Fund 7.8 47 16 9.3 -5.8
EYLD Cambria Emerging Shareholder Yield ETF 7.5 69 -6 17.9 +2.8
IQDY FlexShares International Quality Dividend Dynamic Index Fund 7.3 47 16 9.5 -5.7
EEMD AAM S&P Emerging Markets High Dividend Value ETF 6.9 50 13 19.4 +4.3
IQDE FlexShares International Quality Dividend Defensive Index Fd 6.8 47 16 9.5 -5.7
EEMO Invesco S&P Emerging Markets Momentum ETF 5.7 29 34 6.4 -8.7
ECON Columbia Emerging Markets Consumer ETF 5.7 59 4 4.6 -10.5
FCA First Trust China AlphaDEX Fund 5.6 80 -17 14.5 -0.7
FLLA Franklin FTSE Latin America ETF 5.5 19 44 7.1 -8.1
PIE Invesco DWA Emerging Markets Momentum ETF 5.1 90 -27 5.1 -10.1
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 5.0 58 5 7.9 -7.2
MOTI VanEck Vectors Morningstar International Moat ETF 5.0 57 6 8.7 -6.5
PICK iShares MSCI Global Metals & Mining Producers ETF 4.5 39 24 7.0 -8.1
FEMS First Trust Emerging Markets Small Cap Alphadex Fund 4.5 80 -17 19.1 +4.0
DTH WisdomTree DEFA Equity Income Fund 4.4 58 5 10.1 -5.0
CHIE Global X China Energy ETF 4.4 66 -3 11.9 -3.3
KBA KraneShares Bosera MSCI China A Share ETF 4.3 60 3 6.7 -8.4
ASHX Xtrackers MSCI China A Inclusion Equity ETF 4.2 60 3 6.8 -8.4
EMFM Global X MSCI Next Emerging & Frontier ETF 4.2 66 -3 9.1 -6.0
CNYA iShares MSCI China A ETF 4.1 60 3 6.7 -8.5
HAP VanEck Vectors Natural Resources ETF 4.0 50 13 6.2 -9.0
FILL iShares MSCI Global Energy Producers ETF 4.0 39 24 7.4 -7.8
BICK First Trust BICK Index Fund 3.7 64 -1 4.6 -10.6
VSGX Vanguard ESG International Stock ETF 3.6 17 46 7.3 -7.9

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

  2015 2016 2017 2018 2019 2020E 2021E
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

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VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
WisdomTree Emerging Markets High Dividend Fund
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 11.5 %
Divided by: Fwd. P/BV 0.7 x
Less: Expense ratio 63 bp
Equals: ALTAR Score 15.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.48 CATEGORY
AVERAGE
1.45
 
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.