WisdomTree Global High Dividend Fund
ALTAR
Score™
8.6% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
11.5x P/Sales
ratio
1.1x
P/BV
ratio
1.4x Div.
yield
5.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
WisdomTree Global Equity Income Fund seeks investment results that correspond to the performance of the WisdomTree Global Equity Income Index. The Fund invests in high dividendyielding companies

FUND BASICS
Category Global Equities
Fund Sponsor WisdomTree ETFs/USA
Website www.wisdomtree.com
Inception date Jun 16, 2006
Assets (mns) $90
Currency USD
Expense ratio 58 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 No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 746
Wgt avg mkt cap (mns) $86,026
Large cap (>$10bn) 85.0%
Mid cap ($2-10bn) 14.5%
Small cap (<$2bn) 0.5%
Developed mkts 91.1%
Emerging mkts 9.0%

TOP TEN HOLDINGS
AT&T INC 3.4 %
EXXON MOBIL CORP 2.8 %
VERIZON COMMUNICATIONS INC 2.2 %
CHEVRON CORP 1.9 %
PHILIP MORRIS INTERNATIONAL 1.9 %
ABBVIE INC 1.9 %
PFIZER INC 1.8 %
COCA-COLA CO/THE 1.7 %
ALTRIA GROUP INC 1.5 %
WELLS FARGO & CO 1.4 %
Total 20.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 56.5 %
BRITAIN 7.0 %
JAPAN 4.2 %
CANADA 3.2 %
GERMANY 3.0 %
AUSTRALIA 2.9 %
FRANCE 2.7 %
HONG KONG 2.4 %
CHINA 2.1 %
RUSSIA 2.0 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru January 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-4.1% 7.3% 5.1% 6.0% 3.4%

Market Correlations
versus... Beta R-squared
S&P500 0.78 80%
MSCI EAFE 0.87 82%
MSCI Emg. Mkts. 0.60 68%

Technical Indicators
Recent close $45.90
30d moving avg. $47.81
Annualized volatility 10.6%
Short interest (ETF) 0.0%
Relative strength (RSI) 43

Liquidity measures
Avg. volume (thou.) 4
Turnover 0.2%
Bid/Ask (% of price) 0.15%
ADV underlying (mns) $51,545

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the WisdomTree Global High Dividend Fund ETF based on the alternatives' overlap in portfolio holdings with DEW. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: DEW Expense: 58 bp ALTAR Score™: 8.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH DEW
Ticker Fund
Name
Overlap1
vs DEW
(%)
Expense
ratio
(bp)
Savings
vs DEW
(bp)
ALTAR
Score™
(%)
ALTAR
vs DEW
(%)
OYLD Invesco Russell 1000 Yield Factor ETF 49.8 19 39 7.4 -1.2
DHS WisdomTree U.S. High Dividend Fund 47.5 38 20 7.9 -0.7
VYM Vanguard High Dividend Yield Index ETF 43.6 6 52 7.4 -1.2
DTD WisdomTree U.S.Total Dividend Fund 43.0 28 30 6.8 -1.8
DLN WisdomTree U.S. LargeCap Dividend Fund 42.3 28 30 6.7 -1.9
USDY Pacific Global US Equity Income ETF 38.9 29 29 7.7 -0.9
SCHV Schwab U.S. Large-Cap Value ETF 37.8 4 54 7.1 -1.5
VYMI Vanguard International High Dividend Yield ETF 35.6 32 26 9.6 +1.0
VTV Vanguard Value Index Fund 35.0 4 54 7.3 -1.3
VOOV Vanguard S&P 500 Value ETF 34.6 15 43 7.2 -1.4
IVE iShares S&P 500 Value ETF 34.6 18 40 7.2 -1.4
SPYV SPDR Portfolio S&P 500 Value ETF 34.6 4 54 7.3 -1.3
IUSV iShares Core S&P U.S. Value ETF 34.5 4 54 7.3 -1.3
JKF iShares Morningstar Large Cap Value ETF 34.4 25 33 7.9 -0.7
MGV Vanguard Mega Cap Value ETF 34.0 7 51 7.2 -1.4
OUSA O'Shares FTSE US Quality Dividend ETF 32.1 48 10 6.1 -2.5
FDRR Fidelity Dividend ETF for Rising Rates 31.4 29 29 7.6 -1.0
DTN WisdomTree U.S. Dividend ex-Financials Fund 31.1 38 20 8.0 -0.6
RNDV US Equity Dividend Select ETF 30.8 50 8 8.0 -0.6
VONV Vanguard Russell 1000 Value Index Fund 30.5 8 50 7.0 -1.6

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 Global 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 13.0 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 58 bp
Equals: ALTAR Score 8.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.65 CATEGORY
AVERAGE
1.55
 
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.