WisdomTree Emg. Mkts. Small Cap Dividend
ALTAR
Score™
11.3% info Recommen-
dation
SPECULATIVE
2019E    2020E
P/E
ratio
10.1x P/Sales
ratio
0.6x
P/BV
ratio
1.1x Div.
yield
5.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
WisdomTree Emerging Markets SmallCap Dividend Fund seeks investment results that correspond to the WisdomTree Emerging Markets SmallCap Dividend Index.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor WisdomTree Investments Inc
Website www.wisdomtree.com
Inception date Oct 30, 2007
Assets (mns) $1,923
Currency USD
Expense ratio 63 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 788
Wgt avg mkt cap (mns) $1,486
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 32.6%
Small cap (<$2bn) 65.7%
Developed mkts 7.0%
Emerging mkts 92.2%

TOP TEN HOLDINGS
TERNA PARTICIPACOES S.A-UNIT 1.1 %
INDIABULLS HOUSING FINANCE L 1.1 %
GUANGZHOU R&F PROPERTIES - H 1.0 %
ESTACIO PARTICIPACOES SA 0.8 %
WISTRON CORP 0.7 %
POWERTECH TECHNOLOGY INC 0.7 %
MONETA MONEY BANK AS 0.7 %
HIGHWEALTH CONSTRUCTION CORP 0.6 %
NETCARE LTD 0.6 %
WPG HOLDINGS CO LTD 0.6 %
Total 7.9 %

TOP COUNTRY EXPOSURE
TAIWAN 24.0 %
CHINA 14.2 %
SOUTH AFRICA 9.6 %
SOUTH KOREA 7.7 %
BRAZIL 5.5 %
INDIA 4.7 %
HONG KONG 4.4 %
THAILAND 4.0 %
MALAYSIA 3.9 %
MEXICO 2.9 %

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.
18.9% 18.9% 5.7% 4.5% 2.7%

Market Correlations
versus... Beta R-squared
S&P500 0.85 48%
MSCI EAFE 1.08 64%
MSCI Emg. Mkts. 0.97 88%

Technical Indicators
Recent close $48.44
30d moving avg. $47.18
Annualized volatility 14.8%
Short interest (ETF) 1.0%
Relative strength (RSI) 69

Liquidity measures
Avg. volume (thou.) 227
Turnover 0.6%
Bid/Ask (% of price) 0.08%
ADV underlying (mns) $3,496

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: DGS Expense: 63 bp ALTAR Score™: 11.3%


ALTERNATIVE ETFs BASED ON OVERLAP WITH DGS
Ticker Fund
Name
Overlap1
vs DGS
(%)
Expense
ratio
(bp)
Savings
vs DGS
(bp)
ALTAR
Score™
(%)
ALTAR
vs DGS
(%)
EEMS iShares MSCI Emerging Market Small Cap 33.5 67 -4 6.4 -4.8
EWX SPDR S&P Emerging Markets Small Cap 31.3 65 -2 7.2 -4.0
FEMS First Trust Emerging Markets Small Cap 16.0 80 -17 9.3 -1.9
TLTE FlexShares Mngstr Emerging Markets Factor Tilt 13.7 59 4 12.0 +0.7
DEM WisdomTree Emerg Mkts High Yield Equity 13.4 63 0 11.3 +0.0
HAO Invesco China Small Cap ETF 12.1 75 -12 9.7 -1.5
AVEM Avantis Emerging Markets Equity 10.5 33 30 7.7 -3.6
DVEM WisdomTree Emerging Markets Dividend 9.5 32 31 10.4 -0.8
CEZ Victory CEMP Emerging Market Volatility Weighted 9.1 50 13 8.6 -2.7
EYLD Cambria Emerging Shareholder Yield 9.0 66 -3 10.4 -0.9
DVYE iShares Emerging Markets Dividend 8.5 49 14 12.2 +0.9
VSS Vanguard FTSE All World ex-US Small Cap 8.4 12 51 6.2 -5.1
EMGF iShares Edge MSCI Multifactor Emerging Markets 7.7 45 18 9.1 -2.2
FLZA Franklin FTSE South Africa 7.6 19 44 9.0 -2.2
EDIV SPDR S&P Emerging Markets Dividend 7.4 49 14 10.3 -0.9
ECNS iShares MSCI China Small Cap 7.3 59 4 8.3 -3.0
ROAM Hartford Multifactor Emerging Markets 7.0 44 19 10.5 -0.7
DGRE WisdomTree Emg Mkt Dividend Growth 6.4 32 31 8.3 -2.9
CEY VictoryShares Emg. Mkt. High Dividend Volatility Wtd. 6.3 50 13 12.5 +1.3
IEMG iShares Core MSCI Emerging Markets 5.5 14 49 8.0 -3.3

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 Emg. Mkts. 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 11.9 %
Divided by: Fwd. P/BV 1.0 x
Less: Expense ratio 63 bp
Equals: ALTAR Score 11.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.57 CATEGORY
AVERAGE
1.48
 
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.