WisdomTree Emg Mkt Dividend Growth
ALTAR
Score™
9.0% info Recommen-
dation
NEUTRAL
2019E    2020E
P/E
ratio
12.2x P/Sales
ratio
1.2x
P/BV
ratio
1.7x Div.
yield
3.5%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
WisdomTree Emerging Markets Dividend Growth Fund is an exchange-traded fund incorporated in the USA. The Fund seeks investment results that correspond to the WisdomTree Emerging Markets Dividend Growth Index. The Fund invests in dividend-paying companies with growth characteristics that are incorporated in emerging markets.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor WisdomTree Asset Management In
Website www.wisdomtree.com
Inception date Aug 01, 2013
Assets (mns) $69
Currency USD
Expense ratio 32 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian WisdomTree Asset Management Inc
Weighting Dividend
Index replication Optimized
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 278
Wgt avg mkt cap (mns) $45,088
Large cap (>$10bn) 47.4%
Mid cap ($2-10bn) 48.5%
Small cap (<$2bn) 3.7%
Developed mkts 9.3%
Emerging mkts 90.7%

TOP TEN HOLDINGS
TENCENT HOLDINGS LTD 3.2 %
TAIWAN SEMICONDUCTOR MANUFAC 3.0 %
SAMSUNG ELECTRONICS CO LTD 2.6 %
PING AN INSURANCE GROUP CO-H 1.0 %
OIL COMPANY LUKOIL PJSC SPONSORED 0.8 %
SBERBANK-SPONSORED ADR 0.8 %
ITAU UNIBANCO HOLDING SA 0.8 %
HYNIX SEMICONDUCTOR INC 0.7 %
INFOSYS TECHNOLOGIES LTD 0.7 %
PUBLIC JOINT STOCK COMPANY MINING 0.6 %
Total 14.2 %

TOP COUNTRY EXPOSURE
CHINA 22.6 %
TAIWAN 11.1 %
SOUTH KOREA 9.7 %
INDIA 8.7 %
HONG KONG 8.5 %
BRAZIL 7.3 %
INDONESIA 6.6 %
SOUTH AFRICA 4.4 %
RUSSIA 4.3 %
THAILAND 3.7 %

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.
11.4% 8.0% 1.5% -- 3.1%

Market Correlations
versus... Beta R-squared
S&P500 0.79 51%
MSCI EAFE 0.98 65%
MSCI Emg. Mkts. 0.90 88%

Technical Indicators
Recent close $24.61
30d moving avg. $24.60
Annualized volatility 13.4%
Short interest (ETF) 0.0%
Relative strength (RSI) 52

Liquidity measures
Avg. volume (thou.) 6
Turnover 0.2%
Bid/Ask (% of price) 0.43%
ADV underlying (mns) $8,225

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: DGRE Expense: 32 bp ALTAR Score™: 9.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH DGRE
Ticker Fund
Name
Overlap1
vs DGRE
(%)
Expense
ratio
(bp)
Savings
vs DGRE
(bp)
ALTAR
Score™
(%)
ALTAR
vs DGRE
(%)
EMCG WisdomTree Emg Mkts Consumer Growth 48.9 32 0 6.7 -2.3
JHEM John Hancock Multifactor Emerging Markets 38.3 55 -23 8.8 -0.3
GEM Goldman Sachs ActiveBeta Emg Mkts Equity 37.4 45 -13 9.0 -0.0
QEMM SPDR MSCI Emerging Markets Quality Mix 33.7 30 2 9.0 0.0
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free 32.8 30 2 8.4 -0.6
EEMA iShares MSCI Emg Mkts Asia 32.4 50 -18 8.7 -0.4
XSOE WisdomTree Emg Mkt ex-SOE 31.5 32 0 6.8 -2.2
EEM iShares MSCI Emerging Markets 31.4 67 -35 8.5 -0.6
DVEM WisdomTree Emerging Markets Dividend 31.2 32 0 11.3 +2.2
DBEM Xtrackers MSCI Emg. Mkts. Hedged 30.6 65 -33 8.3 -0.7
EMMF WisdomTree Emerging Markets Multifactor Fund 29.6 48 -16 10.1 +1.0
IEMG iShares Core MSCI Emerging Markets 29.6 14 18 8.6 -0.4
AAXJ iShares MSCI Asia ex-Japan 28.7 67 -35 8.2 -0.8
JPEM JPMorgan Diversified Rtn Emg Mkt Equity 28.4 45 -13 8.8 -0.2
FLAX Franklin FTSE Asia Ex Japan 27.8 19 13 8.6 -0.4
ESGE iShares MSCI EM ESG Optimized 27.6 25 7 9.2 +0.2
CEZ Victory CEMP Emerging Market Volatility Weighted 27.5 50 -18 9.2 +0.2
SCHE Schwab Emerging Markets Equity 27.1 13 19 8.6 -0.4
EMGF iShares Edge MSCI Multifactor Emerging Markets 26.9 45 -13 9.9 +0.9
RFEM First Trust Riverfront Dynamic Emerging Markets 25.5 95 -63 10.5 +1.5

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

Content on this tab for subscribers only

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 Emg Mkt Dividend Growth
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 14.4 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 32 bp
Equals: ALTAR Score 9.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.47 CATEGORY
AVERAGE
1.49
 
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.