WisdomTree Emerging Markets High Dividend Fund
ALTAR
Score™
13.3% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
9.1x P/Sales
ratio
0.8x
P/BV
ratio
1.1x Div.
yield
5.7%


  • 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) $1,693
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 385
Wgt avg mkt cap (mns) $32,993
Large cap (>$10bn) 51.3%
Mid cap ($2-10bn) 30.5%
Small cap (<$2bn) 10.4%
Developed mkts 10.0%
Emerging mkts 90.0%

TOP TEN HOLDINGS
VALE SA 5.9 %
SBERBANK-SPONSORED ADR 5.5 %
CHINA MOBILE LIMITED 4.1 %
PUBLIC JOINT STOCK COMPANY MINING 3.4 %
CHINA CONSTRUCTION BANK-H 3.3 %
HON HAI PRECISION INDUSTRY 3.2 %
IND & COMM BK OF CHINA - H 2.4 %
ROSNEFT OJSC-REG S GDR 1.6 %
POWER GRID CORP OF INDIA LTD 1.2 %
FORMOSA PLASTICS CORP 1.2 %
Total 31.9 %

TOP COUNTRY EXPOSURE
TAIWAN 24.9 %
CHINA 17.5 %
RUSSIA 14.1 %
HONG KONG 9.5 %
BRAZIL 8.6 %
INDIA 4.8 %
SOUTH KOREA 4.5 %
INDONESIA 3.7 %
SOUTH AFRICA 3.5 %
THAILAND 2.4 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-10.5% -3.9% 7.8% 0.8% 2.6%

Market Correlations
versus... Beta R-squared
S&P500 0.89 64%
MSCI EAFE 1.00 79%
MSCI Emg. Mkts. 0.92 84%

Technical Indicators
Recent close $40.50
30d moving avg. $37.74
Annualized volatility 20.8%
Short interest (ETF) 0.2%
Relative strength (RSI) 68

Liquidity measures
Avg. volume (thou.) 325
Turnover 0.8%
Bid/Ask (% of price) 0.11%
ADV underlying (mns) $7,310

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™: 13.3%


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 25.5 39 24 12.3 -1.1
PXH Invesco FTSE RAFI Emerging Markets ETF 23.4 50 13 12.7 -0.7
EELV Invesco S&P Emerging Markets Low Volatility ETF 19.7 29 34 9.7 -3.7
EWT iShares MSCI Taiwan ETF 19.5 59 4 5.7 -7.7
ROAM Hartford Multifactor Emerging Markets ETF 19.3 44 19 12.6 -0.8
FLTW Franklin FTSE Taiwan ETF 19.0 19 44 5.9 -7.5
CEY VictoryShares Emerging Market High Dividend Volatility Wtd E 18.8 51 12 20.0 +6.7
EDIV SPDR S&P Emerging Markets Dividend ETF 18.5 49 14 11.3 -2.1
CEZ VictoryShares Emerging Market Volatility Wtd Index ETF 18.3 50 13 10.4 -3.0
RNEM Emerging Markets Equity Select ETF 17.0 75 -12 10.7 -2.7
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 16.7 44 19 8.6 -4.7
JHEM John Hancock Multifactor Emerging Markets ETF 16.3 49 14 8.3 -5.0
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 14.6 32 31 8.3 -5.1
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 14.5 30 33 8.3 -5.0
ECOW Pacer Emerging Markets Cash Cows 100 ETF 14.3 74 -11 12.7 -0.7
RSX VanEck Vectors Russia ETF 14.1 67 -4 15.6 +2.3
GMF SPDR S&P Emerging Asia Pacific ETF 13.9 49 14 6.9 -6.5
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 13.7 63 0 11.8 -1.5
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 13.5 25 38 7.7 -5.7
FXI iShares China Large-Cap ETF 13.1 74 -11 13.3 -0.1
AVEM Avantis Emerging Markets Equity ETF 12.8 33 30 8.3 -5.0
EMMF WisdomTree Emerging Markets Multifactor Fund 12.8 48 15 9.5 -3.8
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 12.7 49 14 8.8 -4.6
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 12.7 59 4 10.3 -3.1
SPEM SPDR Portfolio Emerging Markets ETF 12.4 11 52 7.4 -6.0
EEMA iShares MSCI Emerging Markets Asia ETF 12.3 50 13 7.3 -6.0
FDEM Fidelity Targeted Emerging Markets Factor ETF 12.2 45 18 8.3 -5.1
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 12.1 45 18 8.8 -4.5
XCEM Columbia EM Core ex-China ETF 12.0 16 47 6.6 -6.7
ISEM Invesco Strategic Emerging Markets ETF 11.9 35 28 10.3 -3.1
DEW WisdomTree Global High Dividend Fund 11.7 58 5 9.0 -4.3
SCHE Schwab Emerging Markets Equity ETF 11.6 11 52 7.6 -5.8
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 11.4 30 33 7.3 -6.1
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 11.4 20 43 9.9 -3.4
PBEE Invesco PureBeta FTSE Emerging Markets ETF 11.4 15 48 8.2 -5.1
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 11.3 45 18 13.7 +0.3
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 11.3 40 23 6.9 -6.5
GXC SPDR S&P China ETF 11.2 59 4 7.7 -5.6
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 11.2 49 14 7.0 -6.4
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 11.1 45 18 7.1 -6.3
VWO Vanguard FTSE Emerging Markets ETF 11.0 10 53 7.7 -5.6
FLCH Franklin FTSE China ETF 10.9 19 44 8.3 -5.1
MCHI iShares MSCI China ETF 10.9 59 4 7.8 -5.5
DVYE iShares Emerging Markets Dividend ETF 10.8 49 14 17.5 +4.1
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 10.8 36 27 7.7 -5.6
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 10.8 65 -2 6.9 -6.5
VIDI Vident International Equity Fund 10.7 59 4 10.5 -2.8
EEM iShares MSCI Emerging Markets ETF 10.7 68 -5 7.0 -6.3
FLLA Franklin FTSE Latin America ETF 10.6 19 44 6.2 -7.2
KALL KraneShares FTSE Emerging Markets Plus ETF 10.6 49 14 7.8 -5.5
IEMG iShares Core MSCI Emerging Markets ETF 10.5 13 50 7.5 -5.8
EDOG ALPS Emerging Sector Dividend Dogs ETF 10.5 60 3 9.7 -3.6
EMXC iShares MSCI Emerging Markets ex China ETF 10.4 25 38 7.4 -5.9
BKF iShares MSCI BRIC ETF 10.4 69 -6 7.3 -6.1
BKEM BNY Mellon Emerging Markets Equity ETF 10.4 11 52 8.0 -5.4
LDEM iShares ESG MSCI EM Leaders ETF 10.2 16 47 7.5 -5.9
FLAX Franklin FTSE Asia Ex Japan ETF 10.2 19 44 7.3 -6.0
AAXJ iShares MSCI All Country Asia ex Japan ETF 10.1 68 -5 6.7 -6.6
AIA iShares Asia 50 ETF 10.0 50 13 7.4 -6.0
ECON Columbia Emerging Markets Consumer ETF 9.9 59 4 5.4 -7.9
CHIL Global X MSCI China Large-Cap 50 ETF 9.5 29 34 7.9 -5.4
CHIX Global X China Financials ETF 9.2 66 -3 18.2 +4.8
ESGE iShares ESG Aware MSCI EM ETF 9.2 25 38 8.1 -5.2
NUEM Nuveen ESG Emerging Markets Equity ETF 8.7 45 18 6.4 -7.0
DVEM WisdomTree Emerging Markets Dividend Fund 8.6 32 31 7.1 -6.2
FLBR Franklin FTSE Brazil ETF 8.4 19 44 5.0 -8.3
LVIN Hartford Multifactor Low Volatility International Equity ETF 8.3 29 34 11.1 -2.3
FRDM Freedom 100 Emerging Markets ETF 8.3 49 14 5.9 -7.4
FEM First Trust Emerging Markets AlphaDEX Fund 8.1 80 -17 12.3 -1.1
VYMI Vanguard International High Dividend Yield ETF 8.1 27 36 9.4 -4.0
EEMS iShares MSCI Emerging Markets Small Cap ETF 7.9 69 -6 7.4 -5.9
EWZ iShares MSCI Brazil Capped ETF 7.9 59 4 4.6 -8.7
PICK iShares MSCI Global Metals & Mining Producers ETF 7.9 39 24 6.2 -7.1
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 7.8 20 43 6.4 -7.0
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 7.6 95 -32 8.3 -5.1
EWX SPDR S&P Emerging Markets Small Cap ETF 7.4 65 -2 6.6 -6.8
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 7.3 32 31 5.8 -7.5
SDIV Global X SuperDividend ETF 6.9 59 4 11.8 -1.6
CN Xtrackers MSCI All China Equity ETF 6.9 50 13 7.8 -5.5
KESG KraneShares MSCI China ESG Leaders Index ETF 6.8 59 4 10.2 -3.1
EMFM Global X MSCI Next Emerging & Frontier ETF 6.5 66 -3 8.2 -5.1
SDEM Global X SuperDividend Emerging Markets ETF 6.0 66 -3 17.0 +3.6
IQDF FlexShares International Quality Dividend Index Fund 5.9 47 16 8.3 -5.0
PIE Invesco DWA Emerging Markets Momentum ETF 5.6 90 -27 4.9 -8.4
MOTI VanEck Vectors Morningstar International Moat ETF 5.5 57 6 9.2 -4.2
EEMD AAM S&P Emerging Markets High Dividend Value ETF 5.2 50 13 17.6 +4.3
EYLD Cambria Emerging Shareholder Yield ETF 5.0 69 -6 12.5 -0.9
FEMS First Trust Emerging Markets Small Cap Alphadex Fund 4.8 80 -17 10.3 -3.0
IQDY FlexShares International Quality Dividend Dynamic Index Fund 4.8 47 16 8.7 -4.7
FLN First Trust Latin America AlphaDEX Fund 4.7 80 -17 10.5 -2.9
ACWF iShares FactorSelect MSCI Global ETF 4.7 35 28 7.5 -5.9
EPI WisdomTree India Earnings Fund 4.6 84 -21 7.6 -5.7
CHIR Global X MSCI China Real Estate ETF 4.6 65 -2 19.8 +6.5
VNQI Vanguard Global ex-US Real Estate Index Fund 4.5 12 51 9.3 -4.1
FCA First Trust China AlphaDEX Fund 4.4 80 -17 14.2 +0.8
CHIC Global X Nasdaq China Technology ETF 4.4 66 -3 5.8 -7.6
DRW WisdomTree Global ex-US Real Estate Fund 4.4 58 5 9.4 -3.9
DTH WisdomTree DEFA Equity Income Fund 4.3 58 5 9.0 -4.3
IQDE FlexShares International Quality Dividend Defensive Index Fd 4.3 47 16 8.3 -5.0

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 13.8 %
Divided by: Fwd. P/BV 1.0 x
Less: Expense ratio 63 bp
Equals: ALTAR Score 13.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.38 CATEGORY
AVERAGE
1.40
 
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.