WisdomTree Intl M/C Dividend
ALTAR
Score™
7.6% info Recommen-
dation
NEUTRAL
2019E    2020E
P/E
ratio
13.7x P/Sales
ratio
0.8x
P/BV
ratio
1.3x Div.
yield
4.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
WisdomTree International MidCap Dividend Fund seeks investment results that correspond to the performance of the WisdomTree International MidCap Dividend Index. The Index tracks mid-cap companies that pay regular dividends in Europe and Asia.

FUND BASICS
Category International Equities
Fund Sponsor WisdomTree ETFs/USA
Website www.wisdomtree.com
Inception date Jun 16, 2006
Assets (mns) $264
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 No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 598
Wgt avg mkt cap (mns) $8,294
Large cap (>$10bn) 31.5%
Mid cap ($2-10bn) 67.9%
Small cap (<$2bn) 0.7%
Developed mkts 99.1%
Emerging mkts 0.9%

TOP TEN HOLDINGS
SSE PLC 0.9 %
PERSIMMON PLC 0.7 %
NATIXIS 0.7 %
TELEFONICA DEUTSCHLAND HOLDING AG 0.6 %
DANSKE BANK A/S 0.6 %
UPM-KYMMENE OYJ 0.6 %
STANDARD LIFE PLC 0.5 %
BOUYGUES SA 0.5 %
POSTE ITALIANE SPA 0.5 %
HONGKONG ELECTRIC HOLDINGS 0.5 %
Total 6.1 %

TOP COUNTRY EXPOSURE
JAPAN 25.7 %
BRITAIN 15.0 %
FRANCE 8.1 %
AUSTRALIA 7.8 %
GERMANY 6.0 %
HONG KONG 4.6 %
ITALY 4.2 %
SWITZERLAND 3.4 %
SWEDEN 3.1 %
SPAIN 2.5 %

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.
14.3% 8.5% 5.2% 6.5% 4.8%

Market Correlations
versus... Beta R-squared
S&P500 0.76 62%
MSCI EAFE 1.03 95%
MSCI Emg. Mkts. 0.75 82%

Technical Indicators
Recent close $63.56
30d moving avg. $62.30
Annualized volatility 11.8%
Short interest (ETF) 0.1%
Relative strength (RSI) 75

Liquidity measures
Avg. volume (thou.) 10
Turnover 0.2%
Bid/Ask (% of price) 0.13%
ADV underlying (mns) $12,990

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: DIM Expense: 58 bp ALTAR Score™: 7.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH DIM
Ticker Fund
Name
Overlap1
vs DIM
(%)
Expense
ratio
(bp)
Savings
vs DIM
(bp)
ALTAR
Score™
(%)
ALTAR
vs DIM
(%)
ISZE iShares MSCI Int'l Developed Size Factor 39.4 30 28 6.8 -0.8
PQIN PGIM QMA Strategic Alpha International Equity 35.2 29 29 7.4 -0.1
DEEF Xtrackers FTSE Dev ex-US Comprehensive Factor 34.6 24 34 7.1 -0.5
IDLB Invesco FTSE Int'l Low Beta Equal Weight 29.9 45 13 7.0 -0.6
SCID Global X Scientific Beta Europe 29.2 38 20 6.5 -1.1
JPIN JPMorgan Diversified Rtn. Int'l Equity 29.1 38 20 7.5 -0.0
JPEU JPMorgan Diversified Return Europe Equity 26.9 37 21 6.7 -0.9
CIZ Compass EMP Dev. 500 Enhanced Vol. Wgt. 24.9 45 13 6.9 -0.6
CIL Victory CEMP International Volatility Wtd 24.8 45 13 6.9 -0.6
RODM Lattice Developed Markets (Ex-US) Strategy 24.6 29 29 7.8 +0.2
EWJE iShares MSCI Japan Equal Weighted 24.2 15 43 7.4 -0.2
REFA Invesco International Revenue ETF 24.0 42 16 8.8 +1.3
DDWM WisdomTree Dynamic Currency Hedged Int'l Equity 23.9 35 23 7.9 +0.3
JPGE JPM Diversified Return Global Equity 23.2 29 29 6.9 -0.7
PDEV Principal International Multi-Factor Core Index 22.5 25 33 6.9 -0.6
JHMD John Hancock Multifactor Developed International 22.3 45 13 7.3 -0.3
GSIE Goldman Sachs ActiveBeta Int'l Equity 22.2 25 33 6.7 -0.9
QINT American Century Quality Diversified International 22.2 39 19 6.3 -1.2
IPAC iShares Core MSCI Pacific 21.9 9 49 7.5 -0.0
DTH WisdomTree DEFA Equity Income 21.8 58 0 8.6 +1.0

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%.

Content on this tab for subscribers only**

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 Intl M/C Dividend
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 10.1 %
Divided by: Fwd. P/BV 1.2 x
Less: Expense ratio 58 bp
Equals: ALTAR Score 7.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.73 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.