ETF Research Center

WisdomTree International MidCap Dividend Fund

ALTAR
Score™

6.6%

Recommen-
dation

NEUTRAL

2025E 2026E
P/E ratio	13.7x	P/Sales ratio	1.1x
P/BV ratio	1.5x	Div. yield	3.7%

Description
Performance
Comps
Fundamentals
Valuation
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)	$161
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	596
Wgt avg mkt cap (mns)	$11,930
Large cap (>$10bn)	41.0%
Mid cap ($2-10bn)	57.8%
Small cap (<$2bn)	1.1%
Developed mkts	99.7%
Emerging mkts	0.1%

TOP TEN HOLDINGS
Total	8.1 %
AIB GROUP PLC	1.3 %
WH GROUP LTD	1.0 %
ADMIRAL GROUP PLC	0.8 %
MEDIOLANUM SPA	0.8 %
BANK OF IRELAND GROUP PLC	0.7 %
ASTELLAS PHARMA INC	0.7 %
ROYAL KPN NV	0.7 %
TRATON SE	0.7 %
FORTUM OYJ	0.7 %
NN GROUP NV	0.7 %

TOP COUNTRY EXPOSURE
	JAPAN	22.9 %
	BRITAIN	8.2 %
	HONG KONG	6.4 %
	AUSTRALIA	6.3 %
	ITALY	6.2 %
	FRANCE	5.9 %
	SWITZERLAND	5.0 %
	GERMANY	4.0 %
	NETHERLANDS	4.0 %
	SWEDEN	3.7 %

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.
37.2%	37.2%	9.0%	7.4%	6.0%

Market Correlations
versus...	Beta	R-squared
S&P500	0.57	54%
MSCI EAFE	0.88	93%
MSCI Emg. Mkts.	0.66	60%

Technical Indicators
Recent close	$80.56
30d moving avg.	$78.92
Annualized volatility	13.9%
Short interest (ETF)	0.5%
Relative strength (RSI)	60

Liquidity measures
Avg. volume (thou.)	5
Turnover	0.3%
Bid/Ask (% of price)	0.15%
ADV underlying (mns)	$10,562

Distributions

FINDING ALTERNATIVE FUNDS

Below is a list of 420 potential alternatives to the WisdomTree International MidCap Dividend Fund 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™:

6.6%

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 (%)
DEEF	Xtrackers FTSE Developed ex US Multifactor ETF	34.0	24	34	6.6	-0.0
JPIN	J.P. Morgan Diversified Return International Equity ETF	25.8	37	21	7.4	+0.8
DWMF	WisdomTree International Multifactor Fund	22.4	38	20	6.5	-0.1
FNDC	Schwab Fundamental International Small Co. Index ETF	21.7	39	19	5.5	-1.2
QINT	American Century Quality Diversified International ETF	21.7	39	19	6.3	-0.3
DFIC	Dimensional International Core Equity 2 ETF	21.4	23	35	6.5	-0.1
DFSI	Dimensional International Sustainability Core 1 ETF	20.5	24	34	5.6	-1.0
JIVE	JPMorgan International Value ETF	20.3	55	3	10.0	+3.3
RODM	Hartford Multifactor Developed Markets (ex-US) ETF	20.0	29	29	7.0	+0.4
MFDX	PIMCO RAFI Dynamic Multi-Factor International Equity ETF	19.9	39	19	6.0	-0.7
DXIV	Dimensional International Vector Equity ETF	19.3	34	24	6.8	+0.2
DFIS	Dimensional International Small Cap ETF	19.1	39	19	6.4	-0.2
AVDE	Avantis International Equity ETF	18.7	23	35	6.6	-0.1
DTH	WisdomTree International High Dividend Fund	18.6	58	0	7.6	+0.9
GSIE	Goldman Sachs ActiveBeta International Equity ETF	18.5	25	33	6.4	-0.3
PDN	Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF	18.4	49	9	6.4	-0.3
DDWM	WisdomTree Dynamic Currency Hedged International Equity Fund	17.8	40	18	6.6	-0.0
DWM	WisdomTree International Equity Fund	17.5	48	10	6.5	-0.1
FLJP	Franklin FTSE Japan ETF	17.5	9	49	5.7	-0.9
AVSD	Avantis Responsible International Equity ETF	17.4	23	35	4.8	-1.8
AVIV	Avantis International Large Cap Value ETF	17.3	25	33	7.7	+1.1
FLJH	Franklin FTSE Japan Hedged ETF	17.2	9	49	5.7	-0.9
IHDG	WisdomTree International Hedged Quality Dividend Growth Fund	16.7	58	0	6.1	-0.5
FDT	First Trust Developed Markets ex-US AlphaDEX Fund	16.2	80	-22	7.8	+1.2
IQDG	WisdomTree International Quality Dividend Growth Fund	16.0	42	16	6.2	-0.5
FDEV	Fidelity International Multifactor ETF	15.8	18	40	6.7	+0.1
HDMV	First Trust Horizon Managed Volatility Developed Intl ETF	15.4	80	-22	5.6	-1.0
DFIV	Dimensional International Value ETF	15.2	27	31	8.3	+1.7
FEP	First Trust Europe AlphaDEX Fund	15.1	80	-22	7.1	+0.5
IDLV	Invesco S&P International Developed Low Volatility ETF	15.0	25	33	6.3	-0.4
DFAI	Dimensional International Core Equity Market ETF	14.9	18	40	6.2	-0.4
VPL	Vanguard FTSE Pacific ETF	14.6	7	51	6.1	-0.6
CIL	VictoryShares International Volatility Wtd ETF	14.6	45	13	5.9	-0.7
TPIF	Timothy Plan International ETF	14.4	62	-4	5.6	-1.1
FEUZ	First Trust Eurozone AlphaDEX ETF	14.4	80	-22	6.7	+0.1
DFAX	Dimensional World ex U.S. Core Equity 2 ETF	14.3	30	28	6.8	+0.2
GSEU	Goldman Sachs ActiveBeta Europe Equity ETF	14.2	25	33	6.5	-0.1
DXJ	WisdomTree Japan Hedged Equity Fund	13.9	48	10	6.1	-0.5
EUDG	WisdomTree Europe Quality Dividend Growth Fund	13.8	58	0	5.9	-0.7
DIHP	Dimensional International High Profitability ETF	13.7	29	29	6.0	-0.6
JHMD	John Hancock Multifactor Developed International ETF	13.6	39	19	6.7	+0.1
QEFA	SPDR MSCI EAFE StrategicFactors ETF	13.0	30	28	6.2	-0.4
DIVI	Franklin International Core Dividend Tilt Index ETF	12.7	9	49	7.1	+0.5
UIVM	VictoryShares International Value Momentum ETF	12.5	35	23	7.8	+1.1
IQSI	IQ Candriam International Equity ETF	12.2	15	43	5.8	-0.8
SPDW	SPDR Portfolio Developed World ex-US ETF	12.2	3	55	6.2	-0.4
HFXI	IQ FTSE International Equity Currency Neutral ETF	12.1	20	38	6.2	-0.4
PXF	Invesco FTSE RAFI Developed Markets ex-U.S. ETF	12.0	45	13	7.7	+1.1
IMFL	Invesco International Developed Dynamic Multifactor ETF	12.0	34	24	5.2	-1.4
QLVD	FlexShares Developed Markets ex-US Quality Low Volatility In	11.9	32	26	5.5	-1.1
FNDF	Schwab Fundamental International Large Co. Index ETF	11.7	25	33	8.5	+1.9
VIDI	Vident International Equity Strategy ETF	11.6	61	-3	9.6	+3.0
VEA	Vanguard FTSE Developed Markets ETF	11.5	3	55	6.3	-0.3
AVDS	Avantis International Small Cap Equity ETF	11.4	30	28	6.2	-0.4
VGK	Vanguard FTSE Europe ETF	11.3	6	52	6.5	-0.1
BBJP	JPMorgan BetaBuilders Japan ETF	11.3	19	39	6.1	-0.6
SPEU	SPDR Portfolio Europe ETF	11.2	7	51	6.5	-0.2
SCHF	Schwab International Equity ETF	11.1	6	52	6.4	-0.2
EASG	Xtrackers MSCI EAFE ESG Leaders Equity ETF	11.0	14	44	5.7	-0.9
DISV	Dimensional International Small Cap Value ETF	11.0	42	16	8.3	+1.6
GSID	Goldman Sachs MarketBeta International Equity ETF	11.0	20	38	6.0	-0.6
DBJP	Xtrackers MSCI Japan Hedged Equity ETF	10.9	47	11	5.3	-1.3
TLTD	FlexShares Morningstar Developed Markets ex-US Factor Tilt	10.7	39	19	7.0	+0.4
GSJY	Goldman Sachs ActiveBeta Japan Equity ETF	10.7	25	33	5.9	-0.7
EFAX	SPDR MSCI EAFE Fossil Fuel Reserves Free ETF	10.3	20	38	5.6	-1.0
FLEE	Franklin FTSE Europe ETF	10.0	9	49	6.4	-0.2
DBEF	Xtrackers MSCI EAFE Hedged Equity ETF	9.9	36	22	6.0	-0.6
SCHC	Schwab International Small-Cap Equity ETF	9.9	11	47	7.0	+0.4
DBEZ	Xtrackers MSCI Eurozone Hedged Equity ETF	9.8	45	13	6.2	-0.4
HDEF	Xtrackers MSCI EAFE High Dividend Yield Equity ETF	9.7	9	49	8.3	+1.7
IQDF	FlexShares International Quality Dividend Index Fund	9.7	47	11	7.9	+1.3
BKIE	BNY Mellon International Equity ETF	9.6	4	54	6.2	-0.4
AIVI	WisdomTree International AI Enhanced Value Fund	9.2	58	0	6.2	-0.4
LVHI	Franklin International Low Volatility High Dividend Index ET	8.9	40	18	9.4	+2.8
BBAX	JPMorgan BetaBuilders Developed Asia Pacific-ex Japan ETF	8.8	19	39	5.2	-1.4
VYMI	Vanguard International High Dividend Yield ETF	8.7	17	41	8.4	+1.8
LCTD	BlackRock World ex U.S. Carbon Transition Readiness ETF	8.7	20	38	5.7	-0.9
VSGX	Vanguard ESG International Stock ETF	8.6	10	48	6.9	+0.3
FYLD	Cambria Foreign Shareholder Yield ETF	8.6	59	-1	10.7	+4.1
ICOW	Pacer Developed Markets International Cash Cows 100 ETF	8.6	65	-7	10.1	+3.5
FENI	Fidelity Enhanced International ETF	8.6	28	30	5.8	-0.8
VXUS	Vanguard Total International Stock ETF	8.4	5	53	7.0	+0.4
FJP	First Trust Japan AlphaDEX Fund	8.4	80	-22	7.6	+0.9
VSS	Vanguard FTSE All-World ex-US Small-Cap ETF	8.4	8	50	6.7	+0.1
DBEU	Xtrackers MSCI Europe Hedged Equity ETF	8.3	46	12	6.1	-0.5
VEU	Vanguard FTSE All-World ex-US Index Fund	8.1	4	54	7.1	+0.5
IQDY	FlexShares International Quality Dividend Dynamic Index Fund	8.0	47	11	7.3	+0.6
HEDJ	WisdomTree Europe Hedged Equity Fund	8.0	58	0	5.8	-0.8
IDHQ	Invesco S&P International Developed High Quality ETF	7.9	29	29	5.6	-1.0
AVDV	Avantis International Small Cap Value ETF	7.9	36	22	8.0	+1.4
RFDI	First Trust Riverfront Dynamic Developed International ETF	7.7	83	-25	8.2	+1.6
HAUZ	DBX ETF Trust - Xtrackers International Real Estate ETF	7.6	10	48	6.5	-0.1
WWJD	Inspire International ETF	7.6	80	-22	6.6	-0.1
VWID	Virtus WMC International Dividend ETF	7.5	49	9	7.4	+0.8
VNQI	Vanguard Global ex-U.S. Real Estate ETF	7.4	12	46	8.2	+1.6
NUDM	Nuveen ESG International Developed Markets Equity ETF	7.4	31	27	5.9	-0.7
JHID	John Hancock International High Dividend ETF	7.4	46	12	8.6	+2.0
RCGE	RockCreek Global Equality ETF	7.4	95	-37	6.1	-0.5
FGD	First Trust Dow Jones Global Select Dividend Index Fund	7.3	56	2	10.2	+3.6
INEQ	Columbia International Equity Income ETF	7.3	45	13	7.6	+1.0
TTAI	FCF International Quality ETF	7.2	59	-1	6.4	-0.2
PPIE	Putnam PanAgora ESG International Equity ETF	7.1	49	9	7.1	+0.4
GXUS	Goldman Sachs MarketBeta Total International Equity ETF	6.7	18	40	6.7	+0.1
EUSC	WisdomTree Europe Hedged SmallCap Equity Fund	6.5	58	0	7.5	+0.9
FLAU	Franklin FTSE Australia ETF	6.4	9	49	6.1	-0.6
GLOV	Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF	6.3	25	33	5.5	-1.2
DBAW	Xtrackers MSCI All World ex US Hedged Equity ETF	6.3	41	17	6.7	+0.0
IPKW	Invesco International BuyBack Achievers ETF	6.3	55	3	8.1	+1.5
BBEU	JPMorgan BetaBuilders Europe ETF	6.2	9	49	6.4	-0.2
PIZ	Invesco Dorsey Wright Developed Markets Momentum ETF	6.1	80	-22	3.6	-3.0
EFAD	ProShares MSCI EAFE Dividend Growers ETF	5.9	50	8	5.5	-1.1
BLES	Inspire Global Hope ETF	5.9	61	-3	6.3	-0.3
EAFG	Pacer Developed Markets Cash Cows Growth Leaders ETF	5.9	65	-7	4.2	-2.4
DWX	SPDR S&P International Dividend ETF	5.9	45	13	6.8	+0.2
FID	First Trust S&P International Dividend Aristocrats ETF	5.6	60	-2	7.4	+0.8
WDIV	SPDR S&P Global Dividend ETF	5.6	40	18	8.5	+1.9
FLGB	Franklin FTSE United Kingdom ETF	5.5	9	49	6.8	+0.2
DSTX	Distillate International Fundamental Stability & Value ETF	5.5	55	3	6.9	+0.3
IVAL	Alpha Architect International Quantitative Value ETF	5.3	49	9	9.2	+2.6
RFEU	First Trust Riverfront Dynamic Europe ETF	5.3	83	-25	8.9	+2.3
EFAS	Global X MSCI SuperDividend EAFE ETF	5.1	57	1	7.8	+1.1
FKU	First Trust United Kingdom AlphaDEX Fund	5.1	80	-22	6.7	+0.0
IDMO	Invesco S&P International Developed Momentum ETF	5.0	25	33	5.3	-1.4
RWX	SPDR Dow Jones International Real Estate ETF	5.0	59	-1	6.7	+0.0
VIGI	Vanguard International Dividend Appreciation ETF	4.9	10	48	5.8	-0.8
CWI	SPDR MSCI ACWI ex-US ETF	4.8	30	28	6.7	+0.1
CCNR	ALPS CoreCommodity Natural Resources ETF	4.7	39	19	8.0	+1.4
CEFA	Global X S&P Catholic Values Developed ex-US ETF	4.7	35	23	5.9	-0.7
JSTC	Adasina Social Justice All Cap Global ETF	4.6	89	-31	4.3	-2.3
RWO	SPDR Dow Jones Global Real Estate ETF	4.6	50	8	6.8	+0.2
COPY	Tweedy, Browne Insider + Value ETF	4.5	80	-22	10.7	+4.0
ICPY	Tweedy, Browne International Insider Value ETF	4.4	80	-22	10.3	+3.7
IQRA	IQ CBRE Real Assets ETF	4.2	65	-7	5.5	-1.1
IDOG	ALPS International Sector Dividend Dogs ETF	4.2	50	8	10.8	+4.1
JIRE	JPMorgan International Research Enhanced Equity ETF	4.2	24	34	6.5	-0.2
DEW	WisdomTree Global High Dividend Fund	4.2	58	0	7.8	+1.1
FIVA	Fidelity International Value Factor ETF	4.1	18	40	8.3	+1.7
FPA	First Trust Asia Pacific ex-Japan AlphaDEX Fund	4.0	80	-22	9.0	+2.4
ESGG	FlexShares STOXX Global ESG Select Index Fund	3.9	42	16	4.8	-1.9
GQRE	FlexShares Global Quality Real Estate Index Fund	3.9	45	13	7.7	+1.1
QWLD	SPDR MSCI World StrategicFactors ETF	3.9	30	28	5.2	-1.4
IMOM	Alpha Architect International Quantitative Momentum ETF	3.8	49	9	4.2	-2.4
FIDI	Fidelity International High Dividend ETF	3.7	18	40	7.5	+0.9
FPXE	First Trust IPOX Europe Equity Opportunities ETF	3.5	70	-12	3.3	-3.3
NZAC	SPDR MSCI ACWI Climate Paris Aligned ETF	3.5	12	46	4.4	-2.2
DTAN	Sparkline International Intangible Value ETF	3.4	55	3	7.5	+0.9
GVAL	Cambria Global Value ETF	3.4	68	-10	9.7	+3.1
FLSW	Franklin FTSE Switzerland ETF	3.3	9	49	5.5	-1.1
GCOW	Pacer Global Cash Cows Dividend ETF	3.3	60	-2	9.9	+3.3
TOLZ	ProShares DJ Brookfield Global Infrastructure ETF	3.2	46	12	5.4	-1.2
DNL	WisdomTree Global ex-US Quality Dividend Growth Fund	3.2	42	16	5.8	-0.8
VT	Vanguard Total World Stock ETF	3.1	6	52	5.2	-1.4
KNO	AXS Knowledge Leaders ETF	3.1	78	-20	5.2	-1.4
DFGR	Dimensional Global Real Estate ETF	3.1	22	36	7.5	+0.9
FSZ	First Trust Switzerland AlphaDEX Fund	3.1	80	-22	5.7	-0.9
NORW	Global X MSCI Norway ETF	3.1	50	8	9.7	+3.1
VGSR	Vert Global Sustainable Real Estate ETF	3.0	47	11	7.2	+0.6
AVRE	Avantis Real Estate ETF	2.8	17	41	7.1	+0.4
MJSC	MUFG Japan Small Cap Active ETF	2.8	85	-27	5.5	-1.2
FDTS	First Trust Developed Markets ex-US Small Cap AlphaDEX Fund	2.8	80	-22	9.9	+3.3
SCHY	Schwab International Dividend Equity ETF	2.7	14	44	8.9	+2.3
WRND	IQ Global Equity R&D Leaders ETF	2.7	18	40	6.8	+0.2
IPAV	Global X Infrastructure Development ex-U.S. ETF	2.7	55	3	6.1	-0.6
NFRA	FlexShares STOXX Global Broad Infrastructure Index Fund	2.6	47	11	5.7	-0.9
SPGM	SPDR Portfolio MSCI Global Stock Market ETF	2.6	9	49	5.0	-1.6
FLGR	Franklin FTSE Germany ETF	2.6	9	49	6.6	-0.0
WLDR	Affinity World Leaders Equity ETF	2.6	67	-9	6.7	+0.0
PATN	Pacer Nasdaq International Patent Leaders ETF	2.4	65	-7	4.9	-1.7
FDD	First Trust Stoxx European Select Dividend Index Fund	2.4	58	0	9.9	+3.3
CGV	Conductor Global Equity Value ETF	2.3	130	-72	7.2	+0.6
NXTG	First Trust Indxx NextG ETF	2.2	70	-12	4.5	-2.1
JETS	U.S. Global Jets ETF	2.2	60	-2	2.2	-4.5
AIRL	Themes Airlines ETF	2.1	35	23	2.0	-4.6
ISRA	VanEck Israel ETF	2.1	59	-1	6.1	-0.5
BYRE	Principal Real Estate Active Opportunities ETF	2.1	65	-7	6.5	-0.2
EUDV	ProShares MSCI Europe Dividend Growers ETF	2.1	55	3	5.5	-1.1
KOKU	Xtrackers MSCI Kokusai Equity ETF	2.0	9	49	4.6	-2.0
FICS	First Trust International Developed Capital Strength ETF	1.9	70	-12	6.4	-0.2
DXJS	WisdomTree Japan Hedged SmallCap Equity Fund	1.9	58	0	6.5	-0.1
OAIM	OneAscent International Equity ETF	1.9	95	-37	4.8	-1.9
FPXI	First Trust International Equity Opportunities ETF	1.8	70	-12	3.7	-2.9
OCEN	IQ Clean Oceans ETF	1.8	45	13	5.0	-1.6
FEOE	First Eagle Overseas Equity ETF	1.7	79	-21	6.2	-0.4
SAGP	Strategas Global Policy Opportunities ETF	1.7	65	-7	4.9	-1.8
JIG	JPMorgan International Growth ETF	1.7	55	3	4.1	-2.5
BULD	Pacer BlueStar Engineering the Future ETF	1.7	60	-2	0.4	-6.3
VCLN	Virtus Duff & Phelps Clean Energy ETF	1.7	59	-1	3.9	-2.7
ERTH	Invesco MSCI Sustainable Future ETF	1.7	62	-4	3.1	-3.5
CGDG	Capital Group Dividend Growers ETF	1.6	47	11	5.5	-1.1
FGM	First Trust Germany AlphaDEX Fund	1.6	80	-22	6.1	-0.5
AZTD	Aztlan Global Stock Selection DM SMID ETF	1.6	75	-17	5.5	-1.2
AGNG	Global X Aging Population ETF	1.6	50	8	4.1	-2.6
GUNR	FlexShares Morningstar Global Upstream Natural Resources Ind	1.5	46	12	8.8	+2.2
BINV	Brandes International ETF	1.5	70	-12	8.5	+1.8
FOWF	Pacer Solactive Whitney Fututre of Warfare ETF	1.5	60	-2	3.5	-3.1
PBD	Invesco Global Clean Energy ETF	1.5	75	-17	0.7	-5.9
EV	Mast Global Battery Recycling & Production ETF	1.3	65	-7	7.2	+0.5
FLAX	Franklin FTSE Asia Ex Japan ETF	1.3	19	39	7.8	+1.1
PIO	Invesco Global Water ETF	1.3	75	-17	4.0	-2.6
SHPP	Pacer Industrials and Logistics ETF	1.3	60	-2	7.8	+1.2
IBOT	Vaneck Robotics ETF	1.3	47	11	3.6	-3.1
FINE	Themes European Luxury ETF	1.3	35	23	6.4	-0.2
FEGE	First Eagle Global Equity ETF	1.2	79	-21	5.9	-0.7
CGW	Invesco S&P Global Water Index ETF	1.2	57	1	4.4	-2.3
FDFF	Fidelity Disruptive Finance ETF	1.2	50	8	4.0	-2.6
CRAK	VanEck Oil Refiners ETF	1.2	61	-3	11.7	+5.0
FTRI	First Trust Indxx Global Natural Resources Income ETF	1.2	70	-12	7.0	+0.4
GINN	Goldman Sachs Innovate Equity ETF	1.2	52	6	3.3	-3.3
MOTG	VanEck Morningstar Global Wide Moat ETF	1.1	52	6	9.0	+2.4
DAX	Global X DAX Germany ETF	1.1	21	37	6.4	-0.2
RNWZ	TrueShares Eagle Global Renewable Energy Income ETF	1.1	75	-17	6.9	+0.2
HAP	VanEck Natural Resources ETF	1.1	50	8	8.2	+1.6
TBLU	Tortoise Global Water ESG ETF	1.1	40	18	4.4	-2.2
FAN	First Trust Global Wind Energy ETF	1.0	60	-2	4.0	-2.7
GII	SPDR S&P Global Infrastructure ETF	1.0	40	18	4.5	-2.1
MOTI	VanEck Morningstar International Moat ETF	1.0	58	0	9.6	+3.0
KOCG	FIS Knights of Columbus Global Belief ETF	1.0	75	-17	4.4	-2.2
FDRR	Fidelity Dividend ETF for Rising Rates	1.0	15	43	6.2	-0.4
EBLU	Ecofin Global Water ESG Fund	0.9	40	18	4.4	-2.2
BCDF	Horizon Kinetics Blockchain Development ETF	0.9	85	-27	3.9	-2.7
GGME	Invesco Next Gen Media and Gaming ETF	0.9	60	-2	4.1	-2.6
ASEA	Global X FTSE Southeast Asia ETF	0.9	65	-7	5.7	-0.9
CLNR	IQ Cleaner Transport ETF	0.9	45	13	4.9	-1.7
CRTC	Xtrackers US National Critical Technologies ETF	0.9	35	23	4.2	-2.4
RAYJ	Rayliant SMDAM Japan Equity ETF	0.9	72	-14	3.5	-3.1
SDIV	Global X Superdividend ETF	0.9	58	0	16.0	+9.4
SMOG	VanEck Low Carbon Energy ETF	0.9	61	-3	1.5	-5.1
AFK	VanEck Africa Index ETF	0.8	98	-40	11.4	+4.8
RFEM	First Trust Riverfront Dynamic Emerging Markets ETF	0.8	95	-37	10.6	+4.0
BJK	VanEck Gaming ETF	0.8	65	-7	3.7	-2.9
NUKZ	Range Nuclear Renaissance Index ETF	0.8	85	-27	1.1	-5.5
BLDG	Cambria Global Real Estate ETF	0.8	60	-2	11.3	+4.6
FPAG	FPA Global Equity ETF	0.8	49	9	5.2	-1.5
CGXU	Capital Group International Focus Equity ETF	0.8	54	4	4.9	-1.7
ROBO	ROBO Global Robotics & Automation Index ETF	0.8	95	-37	2.9	-3.7
ODDS	Pacer BlueStar Digital Entertainment ETF	0.8	60	-2	2.7	-3.9
MOO	VanEck Agribusiness ETF	0.8	53	5	10.1	+3.5
MDEV	First Trust Indxx Medical Devices ETF	0.8	70	-12	4.3	-2.4
CZAR	Themes Natural Monopoly ETF	0.7	35	23	4.9	-1.7
QTUM	Defiance Quantum ETF	0.7	40	18	4.6	-2.1
BNGE	First Trust S-Network Streaming and Gaming ETF	0.7	70	-12	2.3	-4.3
GDX	VanEck Gold Miners ETF	0.7	51	7	2.8	-3.8
GDXJ	VanEck Junior Gold Miners ETF	0.7	52	6	2.6	-4.0
NLR	VanEck Uranium+Nuclear Energy ETF	0.7	61	-3	1.8	-4.9
KNCT	Invesco Next Gen Connectivity ETF	0.7	40	18	4.1	-2.5
BETZ	Roundhill Sports Betting & iGaming ETF	0.7	75	-17	2.1	-4.5
OBOR	KraneShares MSCI One Belt One Road Index ETF	0.7	79	-21	7.4	+0.8
INFL	Horizon Kinetics Inflation Beneficiaries ETF	0.7	85	-27	3.2	-3.4
AQWA	Global X Clean Water ETF	0.6	50	8	4.7	-1.9
GRID	First Trust Nasdaq Clean Edge Smart GRID Infrastructure	0.6	58	0	3.9	-2.7
RITA	ETFB Green SRI REITs ETF	0.6	50	8	5.6	-1.0
GNR	SPDR S&P Global Natural Resources ETF	0.6	40	18	9.6	+3.0
KLMT	Invesco MSCI Global Climate 500 ETF	0.6	10	48	5.0	-1.6
MOTO	SmartETFs Smart Transportation & Technology ETF	0.6	68	-10	5.8	-0.8
FDNI	First Trust Dow Jones International Internet ETF	0.6	65	-7	18.9	+12.3
POW	VistaShares Electrification Supercycle ETF	0.6	75	-17	3.2	-3.5
ROBT	First Trust Nasdaq Artificial Intelligence & Robotics ETF	0.6	65	-7	1.7	-4.9
ITOL	Tema International Durable Quality ETF	0.6	60	-2	4.8	-1.8
HART	IQ Healthy Hearts ETF	0.6	45	13	5.4	-1.3
GTEK	Goldman Sachs Future Tech Leaders Equity ETF	0.6	75	-17	2.5	-4.2
INDS	Pacer Industrial Real Estate ETF	0.6	55	3	6.5	-0.1
FRNW	Fidelity Clean Energy ETF	0.5	39	19	2.2	-4.4
FTAG	First Trust Indxx Global Agriculture ETF	0.5	70	-12	7.9	+1.3
TINT	ProShares Smart Materials ETF	0.5	58	0	5.2	-1.4
DINT	Davis Select International ETF	0.5	55	3	6.9	+0.3
DWLD	Davis Select Worldwide ETF	0.5	63	-5	6.4	-0.2
GLBL	Pacer MSCI World Industry Advantage ETF	0.5	65	-7	3.5	-3.1
PRAY	FIS Christian Stock Fund	0.5	69	-11	4.5	-2.1
CGIE	Capital Group International Equity ETF	0.5	54	4	4.4	-2.2
ANEW	ProShares MSCI Transformational Changes ETF	0.5	45	13	4.6	-2.0
BOAT	SonicShares Global Shipping ETF	0.5	69	-11	26.7	+20.1
PRNT	3D Printing ETF	0.5	66	-8	1.7	-4.9
EEMO	Invesco S&P Emerging Markets Momentum ETF	0.5	29	29	7.2	+0.6
HUMN	Roundhill Humanoid Robotics ETF	0.5	75	-17	1.0	-5.6
DTRE	First Trust Alerian Disruptive Technology Real Estate ETF	0.5	60	-2	5.4	-1.2
SRVR	Pacer Data & Infrastructure Real Estate ETF	0.5	55	3	4.4	-2.2
CARZ	First Trust NASDAQ Global Auto Index Fund	0.4	70	-12	3.6	-3.0
DFNL	Davis Select Financial ETF	0.4	63	-5	6.6	-0.0
TRFK	Pacer Data and Digital Revolution ETF	0.4	60	-2	2.7	-4.0
EVX	VanEck Environmental Services ETF	0.4	55	3	2.3	-4.3
GLCR	GlacierShares Nasdaq Iceland ETF	0.4	95	-37	2.3	-4.3
FBOT	Fidelity Disruptive Automation ETF	0.4	50	8	2.9	-3.7
BCOR	Grayscale Bitcoin Adopters ETF	0.4	59	-1	2.3	-4.3
FDVV	Fidelity High Dividend ETF	0.4	15	43	7.0	+0.4
GXC	SPDR S & P China ETF	0.3	59	-1	15.1	+8.5
OZEM	Roundhill GLP-1 & Weight Loss ETF	0.3	59	-1	4.0	-2.6
HTEC	ROBO Global Healthcare Technology and Innovation ETF	0.3	68	-10	1.8	-4.8
CGGO	Capital Group Global Growth Equity ETF	0.3	47	11	3.9	-2.7
BLOK	Amplify Transformational Data Sharing ETF	0.3	75	-17	0.4	-6.3
NERD	Roundhill Video Games ETF	0.3	50	8	6.2	-0.4
STCE	Schwab Crypto Thematic ETF	0.3	30	28	3.8	-2.8
BATT	Amplify Lithium & Battery Technology ETF	0.3	59	-1	1.8	-4.8
SLX	VanEck Steel ETF	0.3	56	2	12.6	+6.0
DTEC	ALPS Disruptive Technologies ETF	0.3	50	8	3.4	-3.2
ESPO	VanEck Video Gaming and eSports ETF	0.3	56	2	4.9	-1.7
HERO	Global X Video Games & Esports ETF	0.3	50	8	4.3	-2.3
ARVR	First Trust Indxx Metaverse ETF	0.3	70	-12	3.6	-3.1
BLKC	Invesco Alerian Galaxy Blockchain Users and Decentralized Co	0.3	61	-3	2.0	-4.6
SATO	Invesco Alerian Galaxy Crypto Economy ETF	0.3	61	-3	-0.6	-7.2
JADE	JPMorgan Active Developing Markets Equity ETF	0.3	65	-7	6.9	+0.2
AGQI	First Trust Active Global Quality Income ETF	0.3	85	-27	4.8	-1.9
ISHP	First Trust Nasdaq Retail ETF	0.3	60	-2	5.2	-1.4
RNRG	Global X Renewable Energy Producers ETF	0.3	66	-8	5.2	-1.4
ION	ProShares S&P Global Core Battery Metals ETF	0.3	58	0	6.2	-0.5
SRET	Global X SuperDividend REIT ETF	0.3	59	-1	11.6	+4.9
WTRE	WisdomTree New Economy Real Estate Fund	0.3	58	0	5.1	-1.5
THNR	Amplify Weight Loss Drug & Treatment ETF	0.3	59	-1	5.9	-0.7
CTEC	Global X CleanTech ETF	0.3	50	8	0.8	-5.9
SOLR	Guinness Atkinson Funds SmartETFs Sustainable Energy II Fund	0.3	79	-21	4.7	-1.9
JEMA	JPMorgan ActiveBuilders Emerging Markets Equity ETF	0.3	33	25	8.5	+1.9
IGPT	Invesco AI and Next Gen Software ETF	0.3	60	-2	3.5	-3.1
TMFG	Motley Fool Global Opportunities ETF	0.3	85	-27	3.6	-3.0
BMED	Future Health ETF	0.2	85	-27	0.2	-6.4
BOTZ	Global X Robotics & Artificial Intelligence ETF	0.2	69	-11	1.8	-4.8
PID	Invesco International Dividend Achievers ETF	0.2	53	5	4.9	-1.7
QQJG	Invesco ESG NASDAQ Next Gen 100 ETF	0.2	20	38	3.8	-2.9
QQQJ	Invesco NASDAQ Next Gen 100 ETF	0.2	15	43	4.1	-2.6
TDIV	First Trust NASDAQ Technology Dividend Index Fund	0.2	50	8	4.8	-1.8
LCLG	Logan Capital Broad Innovative Growth ETF	0.2	99	-41	3.0	-3.6
GINX	SGI Enhanced Global Income ETF	0.2	98	-40	7.2	+0.6
GMET	VanEck Green Metals ETF	0.2	63	-5	6.2	-0.4
BPAY	BlackRock Future Financial and Technology ETF	0.2	70	-12	5.8	-0.9
JAPN	Horizon Kinetics Japan Owner Operator ETF	0.2	85	-27	4.9	-1.7
SOCL	Global X Social Media ETF	0.2	65	-7	9.3	+2.7
GDFN	Tema International Defense Innov ETF	0.2	75	-17	2.5	-4.1
FDIG	Fidelity Crypto Industry and Digital Payments ETF	0.2	39	19	-0.8	-7.4
JGLO	JPMorgan Global Select Equity ETF	0.2	33	25	4.4	-2.2
IZRL	ARK Israel Innovative Technology ETF	0.2	49	9	1.2	-5.4
RGEF	Rockefeller Global Equity ETF	0.2	55	3	4.0	-2.6
TINY	ProShares Nanotechnology ETF	0.2	58	0	3.2	-3.4
GAMR	Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T	0.2	75	-17	2.9	-3.7
OND	ProShares On-Demand ETF	0.2	58	0	-0.6	-7.2
ADIV	SmartETFs Asia Pacific Dividend Builder ETF	0.2	78	-20	8.7	+2.1
PEX	ProShares Global Listed Private Equity ETF	0.2	81	-23	11.0	+4.4
PSP	Invesco Global Listed Private Equity ETF	0.2	106	-48	5.6	-1.0
KAT	Scharf ETF	0.2	87	-29	4.7	-1.9
AAUM	Tema Alternative Asset Managers ETF	0.2	99	-41	3.0	-3.6
EYLD	Cambria Emerging Shareholder Yield ETF	0.2	66	-8	11.1	+4.5
GOAU	U.S. Global GO GOLD and Precious Metal Miners ETF	0.2	60	-2	2.4	-4.3
GOEX	Global X Gold Explorers ETF	0.2	65	-7	1.7	-4.9
QLVE	FlexShares Emerging Markets Quality Low Volatility Index Fun	0.2	40	18	6.3	-0.3
APIE	ActivePassive International Equity ETF	0.2	45	13	6.7	+0.0
AUMI	Themes Gold Miners ETF	0.2	35	23	2.8	-3.8
WDNA	WisdomTree BioRevolution Fund	0.2	45	13	-2.0	-8.7
HYDR	Global X Hydrogen ETF	0.2	50	8	-8.9	-15.5
AKAF	The Frontier Economic Fund	0.2	20	38	5.8	-0.8
CUT	Invesco MSCI Global Timber ETF	0.2	61	-3	10.2	+3.5
GMF	SPDR S&P Emerging Asia Pacific ETF	0.1	49	9	8.7	+2.1
EMM	Global X Emerging Markets ex-China ETF	0.1	75	-17	5.8	-0.8
EMC	Global X Emerging Markets Great Consumer ETF	0.1	75	-17	7.2	+0.6
PCGG	Polen Capital Global Growth ETF	0.1	85	-27	3.4	-3.2
NATO	Themes Transatlantic Defense ETF	0.1	35	23	1.8	-4.8
AVES	Avantis Emerging Markets Value ETF	0.1	36	22	9.8	+3.2
IBUY	Amplify Online Retail ETF	0.1	65	-7	1.3	-5.3
FDTX	Fidelity Disruptive Technology ETF	0.1	50	8	2.1	-4.5
GEM	Goldman Sachs ActiveBeta Emerging Markets Equity ETF	0.1	45	13	8.8	+2.2
FFLC	Fidelity Fundamental Large Cap Core ETF	0.1	38	20	3.9	-2.7
SHLD	Global X Defense Tech ETF	0.1	50	8	2.8	-3.9
AIQ	Global X Artificial Intelligence & Technology ETF	0.1	68	-10	3.0	-3.6
EMQQ	EMQQ The Emerging Markets Internet & Ecommerce ETF	0.1	86	-28	11.9	+5.3
IDX	VanEck Indonesia Index ETF	0.1	57	1	6.9	+0.3
KEMQ	KraneShares Emerging Markets Consumer Technology Index ETF	0.1	60	-2	9.4	+2.8
FMET	Fidelity Metaverse ETF	0.1	39	19	4.3	-2.3
TOGA	Tremblant Global ETF	0.1	69	-11	1.3	-5.4
CLOU	Global X Cloud Computing ETF	0.1	68	-10	2.5	-4.2
AVSE	Avantis Responsible Emerging Markets Equity ETF	0.1	33	25	7.3	+0.6
SUPL	ProShares Supply Chain Logistics ETF	0.1	58	0	9.6	+3.0
SPEM	SPDR Portfolio Emerging Markets ETF	0.1	7	51	9.6	+3.0
WAR	U.S. Global Tech and Aerospace & Defense ETF	0.1	60	-2	4.9	-1.7
BUG	Global X Cybersecurity ETF	0.1	51	7	2.6	-4.1
CIBR	First Trust NASDAQ Cybersecurity ETF	0.1	60	-2	3.6	-3.0
FDRV	Fidelity Electric Vehicles and Future Transportation ETF	0.1	39	19	-1.3	-7.9
HACK	ETFMG Prime Cyber Security ETFMG Prime Cyber Security Fund	0.1	60	-2	2.7	-3.9
KARS	KraneShares Electric Vehicles & Future Mobility Index ETF	0.1	72	-14	-1.3	-7.9
WCBR	WisdomTree Cybersecurity Fund	0.1	45	13	1.8	-4.8
XDAT	Franklin Exponential Data ETF	0.1	50	8	1.9	-4.7
SPAM	Themes Cybersecurity ETF	0.1	35	23	2.6	-4.1
JDOC	JPMorgan Healthcare Leaders ETF	0.1	65	-7	3.4	-3.2
IPOS	Renaissance International IPO ETF	0.1	80	-22	1.9	-4.7
AVEM	Avantis Emerging Markets Equity ETF	0.1	33	25	7.6	+1.0
FDEM	Fidelity Emerging Markets Multifactor ETF	0.1	25	33	11.2	+4.6
FINX	Global X FinTech ETF	0.1	68	-10	2.6	-4.0
JEDI	Defiance Drone and Modern Warfare ETF	0.1	69	-11	1.3	-5.3
BUYZ	Franklin Disruptive Commerce ETF	0.1	50	8	2.0	-4.6
COPX	Global X Copper Miners ETF	0.1	65	-7	4.8	-1.8
WBAT	WisdomTree Battery Value Chain and Innovation Fund	0.1	45	13	1.6	-5.0
COPA	Themes Copper Miners ETF	0.1	35	23	3.9	-2.7
URAN	Themes Uranium & Nuclear ETF	0.1	35	23	1.3	-5.3
RW	Rainwater Equity ETF	0.1	125	-67	2.4	-4.2
DFSE	Dimensional Emerging Markets Sustainability Core 1 ETF	0.1	41	17	7.4	+0.7
DFEV	Dimensional Emerging Markets Value ETF	0.1	43	15	10.9	+4.2
FPWR	First Trust EIP Power Solutions ETF	0.1	96	-38	4.8	-1.9
EMCR	Xtrackers Emerging Markets Carbon Reduction and Climate Impr	0.1	15	43	6.8	+0.2
DFEM	Dimensional Emerging Markets Core Equity 2 ETF	0.0	38	20	7.8	+1.2
AUSF	Global X Adaptive U.S. Factor ETF	0.0	27	31	8.2	+1.6
BKMC	BNY Mellon US Mid Cap Core Equity ETF	0.0	4	54	5.4	-1.2
DEUS	Xtrackers Russell US Multifactor ETF	0.0	17	41	6.2	-0.4
GNOM	Global X Genomics & Biotechnology ETF	0.0	50	8	-4.0	-10.6
HELX	Franklin Genomic Advancements ETF	0.0	50	8	-0.4	-7.0
JPME	JPMorgan Diversified Return U.S. Mid Cap Equity ETF	0.0	24	34	7.6	+1.0
JPUS	JPMorgan Diversified Return U.S. Equity ETF	0.0	18	40	7.2	+0.6
JQUA	JPMorgan U.S. Quality Factor ETF	0.0	12	46	5.1	-1.5
ONEQ	Fidelity Nasdaq Composite Index ETF	0.0	21	37	3.1	-3.5
QLV	FlexShares US Quality Low Volatility Index Fund	0.0	22	36	5.1	-1.5
VFMF	Vanguard U.S. Multifactor ETF	0.0	18	40	6.9	+0.3
IQSM	IQ Candriam U.S. Mid Cap Equity ETF	0.0	15	43	5.5	-1.2
DRIV	Global X Autonomous & Electric Vehicles ETF	0.0	68	-10	4.5	-2.1
IPAY	ETFMG Prime Mobile Payments ETFMG Prime Mobile Payments Fund	0.0	75	-17	4.8	-1.8
GVUS	Marketbeta Russell 1000 Value Equity ETF	0.0	12	46	5.9	-0.7
GSEE	Goldman Sachs MarketBeta Emerging Markets Equity ETF	0.0	36	22	8.4	+1.8
TLTE	FlexShares Morningstar Emerging Markets Factor Tilt Index	0.0	59	-1	7.9	+1.2
DFAE	Dimensional Emerging Core Equity Market ETF	0.0	35	23	7.8	+1.1
EEMX	SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF	0.0	30	28	8.5	+1.8
BKEM	BNY Mellon Emerging Markets Equity ETF	0.0	11	47	8.3	+1.7
DBEM	Xtrackers MSCI Emerging Markets Hedged Equity ETF	0.0	66	-8	8.1	+1.5
QEMM	SPDR MSCI Emerging Markets StrategicFactors ETF	0.0	30	28	7.8	+1.2
GUSA	Goldman Sachs MarketBeta U.S. 1000 Equity ETF	0.0	11	47	4.3	-2.4
BBEM	JPMorgan BetaBuilders Emerging Markets Equity ETF	0.0	15	43	8.8	+2.2
VSLU	Applied Finance Valuation Large Cap ETF	0.0	49	9	4.7	-1.9
GWX	SPDR S&P International Small Cap ETF	0.0	40	18	6.1	-0.5

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

	2020	2021	2022	2023	2024	2025E	2026E
Sales per share	**	**	**	**	**	**	**
Earnings per share	**	**	**	**	**	**	**
Dividends per share	**	**	**	**	**	**	**
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

	2024	2025E	2026E
Price-to-sales	**	**	**
Price-to-earnings	**	**	**
Price-to-cash flow	**	**	**
Price-to-growth	**	**	**
Price-to-book value	**	**	**
Yield	**	**	**

Historical valuation trends

Forward multiple:	WisdomTree International MidCap Dividend 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	10.5	%
Divided by: Fwd. P/BV	1.5	x
Less: Expense ratio	58	bp
Equals: ALTAR Score	6.6	%

More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS

COMPOSITE RATING	1.68	CATEGORY AVERAGE	1.64

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.