WisdomTree International SmallCap Dividend Fund
ALTAR
Score™
8.7% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
11.7x P/Sales
ratio
0.5x
P/BV
ratio
1.0x Div.
yield
4.5%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Fund seeks investment results that correspond to the price and yield performance, before fees and expenses, of the WisdomTree Int'l SmallCap Dividend Index, comprised of the bottom 25% of market cap of the WisdomTree DEFA Index after the 300 largest companies have been removed, and is dividend-weighted.

FUND BASICS
Category International Equities
Fund Sponsor WisdomTree
Website www.wisdomtree.com
Inception date Jun 16, 2006
Assets (mns) $1,533
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 Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 940
Wgt avg mkt cap (mns) $1,515
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 40.1%
Small cap (<$2bn) 59.6%
Developed mkts 99.9%
Emerging mkts 0.1%

TOP TEN HOLDINGS
BOVIS HOMES GROUP PLC 0.8 %
ROYAL MAIL PLC 0.6 %
FREENET AG 0.6 %
BE SEMICONDUCTOR INDUSTRIES 0.6 %
AZIMUT HOLDING SPA 0.6 %
BOLSAS Y MERCADOS ESPANOLES 0.6 %
BPOST SA 0.5 %
REDROW PLC 0.5 %
DEUTSCHE PFANDBRIEFBANK AG 0.4 %
PORTUCEL EMPRESA PRODUTORA 0.4 %
Total 5.5 %

TOP COUNTRY EXPOSURE
JAPAN 19.6 %
BRITAIN 15.2 %
AUSTRALIA 9.1 %
GERMANY 4.2 %
SWEDEN 3.8 %
ITALY 3.0 %
FRANCE 2.9 %
FINLAND 2.9 %
NORWAY 2.5 %
HONG KONG 2.2 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru January 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-4.6% 8.4% 7.4% 8.1% 5.5%

Market Correlations
versus... Beta R-squared
S&P500 0.82 64%
MSCI EAFE 1.05 88%
MSCI Emg. Mkts. 0.76 80%

Technical Indicators
Recent close $63.63
30d moving avg. $68.85
Annualized volatility 12.4%
Short interest (ETF) 0.0%
Relative strength (RSI) 28

Liquidity measures
Avg. volume (thou.) 65
Turnover 0.3%
Bid/Ask (% of price) 0.09%
ADV underlying (mns) $2,709

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: DLS Expense: 58 bp ALTAR Score™: 8.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH DLS
Ticker Fund
Name
Overlap1
vs DLS
(%)
Expense
ratio
(bp)
Savings
vs DLS
(bp)
ALTAR
Score™
(%)
ALTAR
vs DLS
(%)
DDLS WisdomTree Dynamic Currency Hedged Intl SmallCap Equity Fund 69.5 43 15 8.7 0.0
DFE WisdomTree Europe SmallCap Dividend Fund 33.2 58 0 9.1 +0.4
SCZ iShares MSCI Eafe Small-Cap ETF 27.2 40 18 6.6 -2.2
PDN Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF 25.4 49 9 7.4 -1.3
FNDC Schwab Fundamental International Small Co. Index ETF 25.4 39 19 5.6 -3.1
SCHC Schwab International Small-Cap Equity ETF 24.3 12 46 7.0 -1.8
GWX SPDR S&P International Small Cap ETF 24.0 40 18 5.8 -2.9
IEUS iShares MSCI Europe Small-Cap ETF 23.1 40 18 6.5 -2.2
ISDS Invesco Strategic Developed ex-US Small Company ETF 22.3 35 23 6.2 -2.5
AVDV Avantis International Small Cap Value ETF 21.2 36 22 8.5 -0.2
EUSC WisdomTree Europe Hedged SmallCap Equity Fund 20.5 58 0 7.7 -1.0
DXJS WisdomTree Japan Hedged SmallCap Equity Fund 18.7 58 0 8.9 +0.2
VSS Vanguard FTSE All World (ex-US) Small Cap Index Fund 18.5 11 47 7.0 -1.8
DFJ WisdomTree Japan SmallCap Dividend Fund 18.5 58 0 9.1 +0.4
ISCF iShares Edge MSCI Multifactor Intl Small-Cap ETF 17.8 40 18 7.9 -0.9
SCJ iShares MSCI Japan Small-Cap ETF 16.7 47 11 7.1 -1.6
EWUS iShares MSCI United Kingdom Small Cap ETF 14.2 59 -1 7.7 -1.0
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 13.0 39 19 9.0 +0.3
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 11.9 80 -22 11.4 +2.7
DDEZ WisdomTree Europe Multifactor Fund 10.0 43 15 6.5 -2.2

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

  2015 2016 2017 2018 2019 2020E 2021E
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
  2019 2020E 2021E
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 SmallCap Dividend Fund
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 9.4 %
Divided by: Fwd. P/BV 1.0 x
Less: Expense ratio 58 bp
Equals: ALTAR Score 8.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.66 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.
 

 

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.