WisdomTree Europe Small Cap Dividend
ALTAR
Score™
8.6% info Recommen-
dation
SPECULATIVE
2019E    2020E
P/E
ratio
13.9x P/Sales
ratio
0.5x
P/BV
ratio
1.3x Div.
yield
4.2%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
WisdomTree Europe SmallCap Dividend Fund seeks investment results that correspond to the performance of the WisdomTree Europe SmallCap Dividend Index. The Fund invests in small-capitalization co

FUND BASICS
Category International Equities
Fund Sponsor WisdomTree ETFs/USA
Website www.wisdomtree.com
Inception date Jun 16, 2006
Assets (mns) $584
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 Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 428
Wgt avg mkt cap (mns) $1,252
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 34.8%
Small cap (<$2bn) 64.9%
Developed mkts 99.9%
Emerging mkts 0.1%

TOP TEN HOLDINGS
BE SEMICONDUCTOR INDUSTRIES 1.6 %
BPOST SA 1.5 %
BOVIS HOMES GROUP PLC 1.4 %
DEUTSCHE PFANDBRIEFBANK AG 1.3 %
AAREAL BANK AG 1.1 %
PEAB AB 0.9 %
TNT NV 0.8 %
M-REAL OYJ-B SHARES 0.8 %
TIETO OYJ 0.8 %
ANIMA HOLDING SPA 0.7 %
Total 10.9 %

TOP COUNTRY EXPOSURE
BRITAIN 20.7 %
SWEDEN 8.1 %
GERMANY 7.2 %
ITALY 6.0 %
FINLAND 5.9 %
NORWAY 4.7 %
NETHERLANDS 4.6 %
FRANCE 3.9 %
BELGIUM 3.7 %
DENMARK 3.0 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
27.1% 27.1% 8.6% 9.8% 5.9%

Market Correlations
versus... Beta R-squared
S&P500 0.81 49%
MSCI EAFE 1.17 84%
MSCI Emg. Mkts. 0.82 70%

Technical Indicators
Recent close $64.48
30d moving avg. $63.90
Annualized volatility 14.0%
Short interest (ETF) 0.0%
Relative strength (RSI) 68

Liquidity measures
Avg. volume (thou.) 34
Turnover 0.4%
Bid/Ask (% of price) 0.13%
ADV underlying (mns) $782

Distributions


FINDING ALTERNATIVE FUNDS

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

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


ALTERNATIVE ETFs BASED ON OVERLAP WITH DFE
Ticker Fund
Name
Overlap1
vs DFE
(%)
Expense
ratio
(bp)
Savings
vs DFE
(bp)
ALTAR
Score™
(%)
ALTAR
vs DFE
(%)
DLS WisdomTree Int'l SmallCap Dividend 32.2 58 0 8.0 -0.6
DDLS WisdomTree Dynamic Currency Hedged Int'l SmallCap 30.7 43 15 8.0 -0.6
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 25.9 58 0 7.5 -1.1
IEUS iShares MSCI Europe Small Cap 18.9 40 18 6.1 -2.5
EWUS iShares MSCI United Kingdom Small Cap 16.5 59 -1 7.3 -1.2
ISCF iShares FactorSelect MSCI Intl Small-Cap 14.1 40 18 7.0 -1.6
AVDV Avantis International Small Cap Value 13.8 36 22 7.1 -1.5
GWX SPDR International SmallCap 13.1 40 18 4.5 -4.1
SCHC Schwab Intl Small-Cap Equity 13.0 12 46 6.3 -2.3
ISDS Invesco Strategic Developed ex-US Small Company 11.5 35 23 5.0 -3.6
SCZ iShares MSCI EAFE Small Cap 11.0 39 19 6.0 -2.6
FNDC Schwab Fundamental Intl Small Cap 10.8 39 19 4.4 -4.2
DDEZ WisdomTree Dynamic Currency Hedged Europe Equity 10.5 43 15 6.2 -2.4
PDN Invesco FTSE RAFI Developed Mkts ex-US Small-Mid Cap 10.1 49 9 6.3 -2.3
VSS Vanguard FTSE All World ex-US Small Cap 9.7 12 46 6.2 -2.4
TLTD FlexShares Mngstr Developed Mkts ex-US Factor Tilt 8.1 39 19 8.1 -0.5
FDTS First Trust Dev Mkts ex-US Small Cap Alpha 7.1 80 -22 8.7 +0.2
EWGS iShares MSCI Germany Small Cap 7.1 59 -1 5.8 -2.8
FGD First Trust DJ Global Select Dividend 5.6 58 0 9.2 +0.6
SDIV Global X Superdividend 5.6 58 0 10.9 +2.3

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 Europe Small Cap Dividend
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 11.4 %
Divided by: Fwd. P/BV 1.2 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
1.58 CATEGORY
AVERAGE
1.63
 
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.