WisdomTree Equity Income
ALTAR
Score™
7.3% info Recommen-
dation
OVERWEIGHT
2019E    2020E
P/E
ratio
14.8x P/Sales
ratio
1.6x
P/BV
ratio
2.2x Div.
yield
4.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
WisdomTree Equity Income Fund seeks investment results that correspond to the performance of the WisdomTree Equity Income Index. The Fund invests in the highest yielding stocks of the WisdomTree Dividend Index.

FUND BASICS
Category US Equities
Fund Sponsor WisdomTree ETFs/USA
Website www.wisdomtree.com
Inception date Jun 16, 2006
Assets (mns) $953
Currency USD
Expense ratio 38 bp
Distributions Monthly

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 382
Wgt avg mkt cap (mns) $110,495
Large cap (>$10bn) 83.7%
Mid cap ($2-10bn) 13.2%
Small cap (<$2bn) 3.2%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
AT&T INC 5.9 %
EXXON MOBIL CORP 4.1 %
VERIZON COMMUNICATIONS INC 3.7 %
WELLS FARGO & CO 3.3 %
CHEVRON CORP 3.2 %
PROCTER & GAMBLE CO/THE 3.1 %
PHILIP MORRIS INTERNATIONAL 2.6 %
COCA-COLA CO/THE 2.5 %
PFIZER INC 2.4 %
ABBVIE INC 2.3 %
Total 33.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.7 %
CANADA 0.1 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
18.4% 11.7% 7.8% 12.8% 6.8%

Market Correlations
versus... Beta R-squared
S&P500 0.82 83%
MSCI EAFE 0.70 52%
MSCI Emg. Mkts. 0.45 34%

Technical Indicators
Recent close $76.27
30d moving avg. $74.93
Annualized volatility 10.8%
Short interest (ETF) 0.0%
Short interest (Underlying) 2.7%
Relative strength (RSI) 68

Liquidity measures
Avg. volume (thou.) 21
Turnover 0.2%
Bid/Ask (% of price) 0.07%
ADV underlying (mns) $34,416

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: DHS Expense: 38 bp ALTAR Score™: 7.3%


ALTERNATIVE ETFs BASED ON OVERLAP WITH DHS
Ticker Fund
Name
Overlap1
vs DHS
(%)
Expense
ratio
(bp)
Savings
vs DHS
(bp)
ALTAR
Score™
(%)
ALTAR
vs DHS
(%)
OYLD Invesco Russell 1000 Yield Factor ETF 58.3 19 19 7.0 -0.2
VYM Vanguard High Dividend Yield ETF 51.1 6 32 7.2 -0.0
JKF iShares Morningstar Large Value 47.0 25 13 7.7 +0.5
DEW WisdomTree Global Equity Income 46.6 58 -20 8.4 +1.1
FDL First Trust Morningstar Dividend Leaders 46.0 45 -7 8.5 +1.3
DTD WisdomTree Total Dividend 45.3 28 10 6.6 -0.7
DLN WisdomTree Large Cap Dividend 45.1 28 10 6.5 -0.8
OUSA O'Shares FTSE U.S. Quality Dividend 44.4 48 -10 5.9 -1.4
HDV iShares High Dividend 43.9 8 30 6.6 -0.6
USDY Pacific Global US Equity Income 42.3 29 9 7.6 +0.4
DTN WisdomTree Dividend Ex-Financials 42.0 38 0 7.8 +0.6
SCHV Schwab U.S. Large-Cap Value 41.0 4 34 7.0 -0.3
FDVV Fidelity Core Dividend 38.5 29 9 7.4 +0.1
RNDV US Equity Dividend Select 38.3 50 -12 7.7 +0.5
MGV Vanguard Mega Cap 300 Value 38.2 7 31 7.0 -0.2
PFM Invesco Dividend Achievers 37.9 54 -16 5.4 -1.8
SCHD Schwab US Dividend Equity 37.6 6 32 7.3 +0.0
VTV Vanguard Value ETF 36.6 4 34 7.2 -0.1
JDIV JPMorgan U.S. Dividend 35.3 12 26 7.5 +0.2
IWX iShares Russell Top 200 Value 35.3 20 18 6.9 -0.3

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

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 Equity Income
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 15.8 %
Divided by: Fwd. P/BV 2.1 x
Less: Expense ratio 38 bp
Equals: ALTAR Score 7.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.65 CATEGORY
AVERAGE
1.55
 
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.