WisdomTree Large Cap Dividend
ALTAR
Score™
6.5% info Recommen-
dation
OVERWEIGHT
2019E    2020E
P/E
ratio
16.1x P/Sales
ratio
1.9x
P/BV
ratio
2.7x Div.
yield
2.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
WisdomTree LargeCap Dividend Fund seeks investment results that correspond to the performance of the WisdomTree LargeCap Dividend Index.

FUND BASICS
Category US Equities
Fund Sponsor WisdomTree ETFs/USA
Website www.wisdomtree.com
Inception date Jun 16, 2006
Assets (mns) $2,315
Currency USD
Expense ratio 28 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 295
Wgt avg mkt cap (mns) $228,018
Large cap (>$10bn) 99.3%
Mid cap ($2-10bn) 0.8%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLE INC 4.2 %
MICROSOFT CORP 3.8 %
AT&T INC 3.6 %
JPMORGAN CHASE & CO 2.7 %
EXXON MOBIL CORP 2.5 %
VERIZON COMMUNICATIONS INC 2.0 %
JOHNSON & JOHNSON 1.8 %
WELLS FARGO & CO 1.8 %
CHEVRON CORP 1.7 %
PROCTER & GAMBLE CO/THE 1.7 %
Total 25.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 99.0 %










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.
21.7% 13.7% 9.6% 13.1% 8.1%

Market Correlations
versus... Beta R-squared
S&P500 0.92 96%
MSCI EAFE 0.79 60%
MSCI Emg. Mkts. 0.52 42%

Technical Indicators
Recent close $102.65
30d moving avg. $99.97
Annualized volatility 11.3%
Short interest (ETF) 0.1%
Short interest (Underlying) 2.0%
Relative strength (RSI) 76

Liquidity measures
Avg. volume (thou.) 74
Turnover 0.3%
Bid/Ask (% of price) 0.03%
ADV underlying (mns) $90,826

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: DLN Expense: 28 bp ALTAR Score™: 6.5%


ALTERNATIVE ETFs BASED ON OVERLAP WITH DLN
Ticker Fund
Name
Overlap1
vs DLN
(%)
Expense
ratio
(bp)
Savings
vs DLN
(bp)
ALTAR
Score™
(%)
ALTAR
vs DLN
(%)
DTD WisdomTree Total Dividend 83.8 28 0 6.6 +0.1
DIVB iShares U.S. Dividend & Buyback 68.9 25 3 6.7 +0.2
SCHV Schwab U.S. Large-Cap Value 67.9 4 24 7.0 +0.5
OVOL Invesco Russell 1000 Low Volatility Factor ETF 67.6 19 9 5.6 -0.9
OYLD Invesco Russell 1000 Yield Factor ETF 67.5 19 9 7.1 +0.6
FNDX Schwab Fundamental Large Cap 67.4 25 3 6.7 +0.1
PBP Invesco S&P 500 Buy/Write 67.1 49 -21 5.6 -1.0
EPS WisdomTree Earnings 500 66.9 8 20 7.0 +0.5
MGC Vanguard Mega Cap 300 ETF 66.6 7 21 5.9 -0.7
PRF Invesco FTSE-RAFI U.S. 1000 66.1 39 -11 6.7 +0.2
HSPX Global X S&P 500 Covered Call 65.9 65 -37 5.4 -1.1
SPY S&P 500 SPDR 65.5 9 19 5.9 -0.6
IVV iShares Core S&P 500 65.4 4 24 6.0 -0.5
PRID InsightShares LGBT Employment Equality 65.4 65 -37 5.4 -1.1
VOO Vanguard S&P 500 ETF 65.3 3 25 6.0 -0.5
DGRO iShares Core Dividend Growth 65.3 8 20 6.4 -0.1
IWL iShares Russell Top 200 64.9 15 13 5.7 -0.8
SPLG SPDR Portfolio Large Cap 64.8 3 25 5.8 -0.7
VTV Vanguard Value ETF 64.7 4 24 7.3 +0.7
JUST Goldman Sachs JUST U.S. Large Cap Equity 64.3 20 8 5.6 -0.9

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 Large Cap Dividend
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 17.1 %
Divided by: Fwd. P/BV 2.5 x
Less: Expense ratio 28 bp
Equals: ALTAR Score 6.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.56 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.