WisdomTree Japan Small Cap Dividend
ALTAR
Score™
7.8% info Recommen-
dation
OVERWEIGHT
2019E    2020E
P/E
ratio
14.2x P/Sales
ratio
0.5x
P/BV
ratio
0.9x Div.
yield
2.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
WisdomTree Japan SmallCap Dividend Fund is an exchange-trade fund incorporated in the USA. The Fund seeks investment results that correspond to the WisdomTree Japan SmallCap Dividend Index.

FUND BASICS
Category International Equities
Fund Sponsor WisdomTree ETFs/USA
Website www.wisdomtree.com
Inception date Jun 16, 2006
Assets (mns) $405
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 817
Wgt avg mkt cap (mns) $1,587
Large cap (>$10bn) 0.1%
Mid cap ($2-10bn) 38.0%
Small cap (<$2bn) 61.9%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
HASEKO CORP 1.3 %
AOZORA BANK LTD 0.9 %
MITSUBISHI GAS CHEMICAL CO 0.9 %
CASIO COMPUTER CO LTD 0.8 %
MATSUI SECURITIES CO LTD 0.8 %
SUMITOMO RUBBER INDUSTRIES 0.7 %
SEVEN BANK LTD 0.7 %
CREDIT SAISON CO LTD 0.5 %
TOYOTA BOSHOKU CORP 0.5 %
J FRONT RETAILING CO LTD 0.5 %
Total 7.6 %

TOP COUNTRY EXPOSURE
JAPAN 85.1 %










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.
17.0% 17.0% 10.6% 8.8% 4.5%

Market Correlations
versus... Beta R-squared
S&P500 0.81 65%
MSCI EAFE 0.95 74%
MSCI Emg. Mkts. 0.67 64%

Technical Indicators
Recent close $73.05
30d moving avg. $74.06
Annualized volatility 12.1%
Short interest (ETF) 1.1%
Relative strength (RSI) 39

Liquidity measures
Avg. volume (thou.) 23
Turnover 0.4%
Bid/Ask (% of price) 0.11%
ADV underlying (mns) $2,435

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: DFJ Expense: 58 bp ALTAR Score™: 7.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH DFJ
Ticker Fund
Name
Overlap1
vs DFJ
(%)
Expense
ratio
(bp)
Savings
vs DFJ
(bp)
ALTAR
Score™
(%)
ALTAR
vs DFJ
(%)
DXJS WisdomTree Japan Hedged Small 80.9 58 0 7.7 -0.1
SCJ iShares MSCI Japan Small Cap 51.9 47 11 6.1 -1.7
FNDC Schwab Fundamental Intl Small Cap 21.7 39 19 4.4 -3.4
GWX SPDR International SmallCap 21.7 40 18 4.5 -3.3
DDLS WisdomTree Dynamic Currency Hedged Int'l SmallCap 21.6 43 15 8.1 +0.3
PDN Invesco FTSE RAFI Developed Mkts ex-US Small-Mid Cap 21.1 49 9 6.3 -1.5
ISDS Invesco Strategic Developed ex-US Small Company 20.5 35 23 5.1 -2.8
DLS WisdomTree Int'l SmallCap Dividend 19.0 58 0 8.0 +0.1
SCZ iShares MSCI EAFE Small Cap 17.6 39 19 6.1 -1.8
DDJP WisdomTree Dynamic Currency Hedged Japan Equity 16.7 43 15 7.1 -0.8
AVDV Avantis International Small Cap Value 16.2 36 22 7.1 -0.7
FDTS First Trust Dev Mkts ex-US Small Cap Alpha 15.1 80 -22 8.7 +0.9
ISCF iShares FactorSelect MSCI Intl Small-Cap 12.7 40 18 7.0 -0.8
SCHC Schwab Intl Small-Cap Equity 11.8 12 46 6.3 -1.5
DXJ WisdomTree Japan Hedged Equity 10.3 48 10 8.3 +0.5
TLTD FlexShares Mngstr Developed Mkts ex-US Factor Tilt 10.3 39 19 8.2 +0.4
VSS Vanguard FTSE All World ex-US Small Cap 9.0 12 46 6.2 -1.6
IDLB Invesco FTSE Int'l Low Beta Equal Weight 8.4 45 13 6.8 -1.0
HFXJ IQ 50 Percent Hedged FTSE Japan 7.4 30 28 7.5 -0.3
FLJP Franklin FTSE Japan 7.3 9 49 7.8 -0.1

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 Japan Small Cap Dividend
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 7.4 %
Divided by: Fwd. P/BV 0.9 x
Less: Expense ratio 58 bp
Equals: ALTAR Score 7.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.66 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.