WisdomTree Global Equity Income
ALTAR
Score™
8.4% info Recommen-
dation
SPECULATIVE
2019E    2020E
P/E
ratio
12.4x P/Sales
ratio
1.2x
P/BV
ratio
1.5x Div.
yield
4.8%


  • 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) $92
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 752
Wgt avg mkt cap (mns) $88,312
Large cap (>$10bn) 84.7%
Mid cap ($2-10bn) 15.0%
Small cap (<$2bn) 0.3%
Developed mkts 91.1%
Emerging mkts 8.9%

TOP TEN HOLDINGS
AT&T INC 3.4 %
EXXON MOBIL CORP 3.3 %
VERIZON COMMUNICATIONS INC 2.3 %
CHEVRON CORP 2.1 %
PFIZER INC 1.9 %
PHILIP MORRIS INTERNATIONAL 1.7 %
ABBVIE INC 1.7 %
ALTRIA GROUP INC 1.6 %
WELLS FARGO & CO 1.6 %
COCA-COLA CO/THE 1.5 %
Total 21.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 56.3 %
BRITAIN 7.0 %
JAPAN 4.4 %
GERMANY 3.1 %
CANADA 3.1 %
AUSTRALIA 2.8 %
FRANCE 2.8 %
HONG KONG 2.3 %
CHINA 2.0 %
TAIWAN 1.9 %

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.
17.0% 8.8% 4.4% 5.5% 3.5%

Market Correlations
versus... Beta R-squared
S&P500 0.77 82%
MSCI EAFE 0.84 82%
MSCI Emg. Mkts. 0.59 63%

Technical Indicators
Recent close $47.23
30d moving avg. $47.42
Annualized volatility 10.3%
Short interest (ETF) 0.1%
Relative strength (RSI) 53

Liquidity measures
Avg. volume (thou.) 5
Turnover 0.3%
Bid/Ask (% of price) 0.13%
ADV underlying (mns) $57,343

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the WisdomTree Global Equity Income 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™: 8.4%


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 49.2 19 39 7.1 -1.3
DHS WisdomTree Equity Income 46.5 38 20 7.2 -1.2
VYM Vanguard High Dividend Yield ETF 44.1 6 52 7.2 -1.2
DTD WisdomTree Total Dividend 40.3 28 30 6.6 -1.8
DLN WisdomTree Large Cap Dividend 40.0 28 30 6.5 -1.9
SCHV Schwab U.S. Large-Cap Value 38.5 4 54 7.0 -1.4
USDY Pacific Global US Equity Income 37.3 29 29 7.5 -0.9
VYMI Vanguard Int'l High Dividend Yield 35.5 32 26 9.3 +0.9
VTV Vanguard Value ETF 35.3 4 54 7.2 -1.2
MGV Vanguard Mega Cap 300 Value 34.5 7 51 7.1 -1.3
OUSA O'Shares FTSE U.S. Quality Dividend 32.3 48 10 6.0 -2.4
FDRR Fidelity Dividend for Rising Rates 31.9 29 29 7.8 -0.6
RNDV US Equity Dividend Select 31.3 50 8 7.7 -0.7
IWD iShares Russell 1000 Value 31.1 19 39 7.0 -1.4
VONV Vanguard Russell 1000 Value 31.1 12 46 7.0 -1.4
JKF iShares Morningstar Large Value 31.1 25 33 7.7 -0.7
PRF Invesco FTSE-RAFI U.S. 1000 30.8 39 19 6.5 -1.9
OVLU Invesco Russell 1000 Value Factor ETF 30.5 19 39 7.9 -0.5
FDL First Trust Morningstar Dividend Leaders 30.1 45 13 8.6 +0.2
FNDX Schwab Fundamental Large Cap 29.6 25 33 5.9 -2.4

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

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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 Global Equity Income
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 1.5 x
Less: Expense ratio 58 bp
Equals: ALTAR Score 8.4 %
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.