WisdomTree Emerging Markets Quality Dividend Growth Fund
ALTAR
Score™
10.1% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
12.1x P/Sales
ratio
1.1x
P/BV
ratio
1.5x Div.
yield
3.4%


  • 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) $75
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 268
Wgt avg mkt cap (mns) $55,762
Large cap (>$10bn) 49.0%
Mid cap ($2-10bn) 42.9%
Small cap (<$2bn) 7.8%
Developed mkts 9.8%
Emerging mkts 90.3%

TOP TEN HOLDINGS
TENCENT HOLDINGS LTD 4.8 %
TAIWAN SEMICONDUCTOR MANUFAC 3.5 %
SAMSUNG ELECTRONICS CO LTD 3.0 %
PING AN INSURANCE GROUP CO-H 1.0 %
HYNIX SEMICONDUCTOR INC 0.8 %
PUBLIC JOINT STOCK COMPANY MINING 0.8 %
NETEASE.COM INC-ADR 0.8 %
OIL COMPANY LUKOIL PJSC SPONSORED 0.7 %
INFOSYS TECHNOLOGIES LTD 0.7 %
SINOTRUK HONG KONG LTD 0.7 %
Total 16.8 %

TOP COUNTRY EXPOSURE
CHINA 26.6 %
TAIWAN 12.9 %
SOUTH KOREA 9.9 %
HONG KONG 8.9 %
INDIA 8.4 %
INDONESIA 5.3 %
BRAZIL 5.0 %
RUSSIA 4.2 %
THAILAND 3.0 %
SOUTH AFRICA 3.0 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru April 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-20.1% -14.9% -1.0% -- 0.8%

Market Correlations
versus... Beta R-squared
S&P500 0.90 64%
MSCI EAFE 1.05 76%
MSCI Emg. Mkts. 0.93 92%

Technical Indicators
Recent close $21.42
30d moving avg. $20.74
Annualized volatility 18.8%
Short interest (ETF) 0.2%
Relative strength (RSI) 56

Liquidity measures
Avg. volume (thou.) 24
Turnover 0.7%
Bid/Ask (% of price) 0.72%
ADV underlying (mns) $11,199

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the WisdomTree Emerging Markets Quality Dividend Growth Fund 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™: 10.1%


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 Emerging Markets Consumer Growth Fund 49.3 32 0 8.0 -2.1
JHEM John Hancock Multifactor Emerging Markets ETF 39.8 55 -23 9.5 -0.6
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 38.3 45 -13 9.1 -1.0
DVEM WisdomTree Emerging Markets Dividend Fund 37.4 32 0 9.6 -0.5
EMMF WisdomTree Emerging Markets Multifactor Fund 34.7 48 -16 10.4 +0.3
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 34.4 30 2 9.8 -0.3
EEMA iShares MSCI Emerging Markets Asia ETF 34.4 50 -18 9.0 -1.1
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 34.1 30 2 9.3 -0.8
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 32.9 32 0 7.3 -2.8
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 32.5 95 -63 10.9 +0.8
EEM iShares MSCI Emerging Markets ETF 32.1 68 -36 8.8 -1.3
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 31.5 65 -33 8.9 -1.2
AAXJ iShares MSCI All Country Asia ex Japan ETF 30.2 68 -36 8.5 -1.6
IEMG iShares Core MSCI Emerging Markets ETF 30.2 14 18 9.3 -0.8
FLAX Franklin FTSE Asia Ex Japan ETF 29.5 19 13 9.1 -1.0
ESGE iShares ESG MSCI EM ETF 28.0 25 7 10.3 +0.2
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 27.8 45 -13 10.4 +0.4
SCHE Schwab Emerging Markets Equity ETF 27.8 13 19 9.2 -0.9
CEZ VictoryShares Emerging Market Volatility Wtd Index ETF 27.0 50 -18 10.6 +0.5
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 26.8 45 -13 9.4 -0.7
SPEM SPDR Portfolio Emerging Markets ETF 25.8 11 21 9.1 -1.0
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 25.6 20 12 8.1 -2.0
ROAM Hartford Multifactor Emerging Markets ETF 25.5 44 -12 15.9 +5.8
VWO Vanguard FTSE Emerging Markets ETF 25.4 10 22 9.4 -0.7
PBEE Invesco PureBeta FTSE Emerging Markets ETF 25.4 14 18 10.1 -0.0
FDEM Fidelity Targeted Emerging Markets Factor ETF 24.3 45 -13 10.4 +0.3
BKF iShares MSCI BRIC ETF 24.3 69 -37 9.0 -1.1
AVEM Avantis Emerging Markets Equity ETF 23.1 33 -1 10.1 +0.0
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 23.1 49 -17 8.9 -1.2
EMXC iShares MSCI Emerging Markets ex China ETF 23.1 49 -17 8.9 -1.2
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 22.7 49 -17 9.6 -0.5
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 22.5 40 -8 8.1 -2.0
PXH Invesco FTSE RAFI Emerging Markets ETF 22.3 50 -18 14.6 +4.5
GMF SPDR S&P Emerging Asia Pacific ETF 21.7 49 -17 8.5 -1.6
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 21.3 59 -27 11.8 +1.7
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 21.0 25 7 8.9 -1.2
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 20.5 39 -7 14.0 +3.9
MXDE Nationwide Maximum Diversification Emerging Mkts Core Eq 20.5 64 -32 5.8 -4.3
EEMO Invesco S&P Emerging Markets Momentum ETF 20.3 30 2 7.6 -2.5
MCHI iShares MSCI China ETF 20.3 59 -27 9.6 -0.5
KALL KraneShares FTSE Emerging Markets Plus ETF 20.2 49 -17 9.6 -0.5
RNEM Emerging Markets Equity Select ETF 19.9 75 -43 11.2 +1.1
NUEM Nuveen ESG Emerging Markets Equity ETF 19.7 45 -13 8.2 -1.9
FLCH Franklin FTSE China ETF 19.3 19 13 9.7 -0.4
GXC SPDR S&P China ETF 19.1 59 -27 9.4 -0.7
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 18.7 45 -13 14.3 +4.2
AXJL WisdomTree Asia Pacific ex-Japan Fund 18.5 48 -16 10.1 -0.0
PIE Invesco DWA Emerging Markets Momentum ETF 18.1 90 -58 6.1 -4.0
WCHN WisdomTree ICBCCS S&P China 500 Fund 17.1 55 -23 9.3 -0.8
ISEM Invesco Strategic Emerging Markets ETF 16.9 35 -3 11.1 +1.0
CXSE WisdomTree China ex-State-Owned Enterprises Fund 16.8 32 0 7.4 -2.7
DEM WisdomTree Emerging Markets High Dividend Fund 16.6 63 -31 14.9 +4.8
AIA iShares Asia 50 ETF 16.5 50 -18 9.4 -0.7
XCEM Columbia EM Core ex-China ETF 16.4 16 16 8.3 -1.8
EELV Invesco S&P Emerging Markets Low Volatility ETF 16.3 29 3 10.3 +0.3
CN Xtrackers MSCI All China Equity ETF 16.1 50 -18 9.9 -0.2
FEM First Trust Emerging Markets AlphaDEX Fund 14.6 80 -48 12.4 +2.3
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 13.9 60 -28 9.1 -1.0
ECOW Pacer Emerging Markets Cash Cows 100 ETF 13.2 70 -38 13.7 +3.6
CHIL Global X MSCI China Large-Cap 50 ETF 13.1 29 3 10.0 -0.1
FXI iShares China Large-Cap ETF 12.9 74 -42 14.2 +4.1
EWT iShares MSCI Taiwan ETF 12.7 59 -27 6.7 -3.4
DNL WisdomTree Global ex-US Dividend Growth Fund 12.3 58 -26 8.2 -1.9
VIGI Vanguard International Dividend Appreciation ETF 12.1 25 7 6.3 -3.8
BICK First Trust BICK Index Fund 11.8 64 -32 4.8 -5.3
VIDI Vident International Equity Fund 11.3 59 -27 12.6 +2.5
ECON Columbia Emerging Markets Consumer ETF 11.0 59 -27 5.2 -4.9
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 10.8 16 16 7.5 -2.6
FLTW Franklin FTSE Taiwan ETF 10.7 19 13 7.0 -3.1
CEY VictoryShares Emerging Market High Dividend Volatility Wtd E 10.0 51 -19 14.3 +4.2
IQDF FlexShares International Quality Dividend Index Fund 9.9 47 -15 13.8 +3.8
EWY iShares MSCI South Korea ETF 9.9 59 -27 9.8 -0.3
FRDM Freedom 100 Emerging Markets ETF 9.8 49 -17 8.1 -2.0
VSGX Vanguard ESG International Stock ETF 9.5 17 15 7.9 -2.2
IQDY FlexShares International Quality Dividend Dynamic Index Fund 9.5 47 -15 14.5 +4.4
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 9.4 40 -8 7.9 -2.2
EMFM Global X MSCI Next Emerging & Frontier ETF 9.3 55 -23 9.2 -0.9
FLKR Franklin FTSE South Korea ETF 9.2 9 23 10.4 +0.3
ACWX iShares MSCI ACWI ex U.S. ETF 9.2 32 0 8.0 -2.1
EDIV SPDR S&P Emerging Markets Dividend ETF 9.0 49 -17 12.2 +2.1
FLLA Franklin FTSE Latin America ETF 9.0 19 13 7.6 -2.5
DWCR Arrow DWA Country Rotation ETF 8.9 95 -63 18.5 +8.4
IXUS ishares Core MSCI Total International Stock ETF 8.6 9 23 8.1 -2.0
INDA iShares MSCI India ETF 8.3 69 -37 6.7 -3.4
FLIN Franklin FTSE India ETF 8.2 19 13 7.2 -2.9
LVIN Hartford Multifactor Low Volatility International Equity ETF 8.1 29 3 13.0 +2.9
PIN Invesco India ETF 8.1 82 -50 7.1 -3.0
FCA First Trust China AlphaDEX Fund 8.0 80 -48 15.9 +5.8
VXUS Vanguard Total International Stock Index Fund 8.0 8 24 8.3 -1.8
VYMI Vanguard International High Dividend Yield ETF 7.9 32 0 10.8 +0.7
EPI WisdomTree India Earnings Fund 7.5 85 -53 11.2 +1.1
IQDE FlexShares International Quality Dividend Defensive Index Fd 7.5 47 -15 13.4 +3.3
CWI SPDR MSCI ACWI ex-US ETF 7.5 30 2 8.1 -2.0
IGRO iShares International Dividend Growth ETF 7.4 22 10 8.5 -1.6
VEU Vanguard FTSE All-World ex-US Index Fund 7.4 8 24 8.3 -1.8
DOGS Arrow Dogs of the World ETF 7.3 134 -102 11.7 +1.6
PEK VanEck Vectors ChinaAMC CSI 300 ETF 7.2 60 -28 8.6 -1.5
OBOR KraneShares MSCI One Belt One Road Index ETF 7.1 79 -47 10.4 +0.3
IXSE WisdomTree India Ex-State-Owned Enterprises Fund 7.1 58 -26 6.3 -3.8
AIQ Global X Future Analytics Tech ETF 6.5 68 -36 4.3 -5.8

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 Emerging Markets Quality Dividend Growth Fund
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 14.6 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 32 bp
Equals: ALTAR Score 10.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.44 CATEGORY
AVERAGE
1.45
 
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.