ETF Research Center

WisdomTree International SmallCap Dividend Fund

ALTAR
Score™

8.4%

Recommen-
dation

OVERWEIGHT

2024E 2025E
P/E ratio	11.9x	P/Sales ratio	0.7x
P/BV ratio	1.2x	Div. yield	4.4%

Description
Performance
Comps
Fundamentals
Valuation
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)	$1,015
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	913
Wgt avg mkt cap (mns)	$3,101
Large cap (>$10bn)	3.8%
Mid cap ($2-10bn)	28.3%
Small cap (<$2bn)	68.0%
Developed mkts	99.9%
Emerging mkts	0.1%

TOP TEN HOLDINGS
Total	9.7 %
FILTRONA PLC	3.2 %
RUBICON EUROPE TRUST GROUP	1.0 %
TORM PLC CLASS A	0.9 %
ACEA SPA	0.8 %
CSR LIMITED	0.7 %
HOEGH AUTOLINERS ASA	0.7 %
BANK OF GEORGIA HOLDINGS PLC	0.7 %
D/S NORDEN	0.6 %
SBM OFFSHORE NV	0.6 %
MICHAEL PAGE INTERNATIONAL	0.6 %

TOP COUNTRY EXPOSURE
	JAPAN	24.9 %
	BRITAIN	17.8 %
	AUSTRALIA	9.8 %
	ITALY	5.2 %
	NORWAY	3.9 %
	SWEDEN	3.8 %
	ISRAEL	3.2 %
	FRANCE	2.8 %
	SINGAPORE	2.4 %
	SWITZERLAND	1.7 %

HISTORICAL PERFORMANCE info

	Custom date range	Compare to
	thru

Standardized Annual Returns (thru June 30)
Year-to-date	1 year	5 years	10 years	Since Incep.
1.8%	11.9%	3.7%	3.4%	4.8%

Market Correlations
versus...	Beta	R-squared
S&P500	0.76	65%
MSCI EAFE	0.95	94%
MSCI Emg. Mkts.	0.78	65%

Technical Indicators
Recent close	$65.04
30d moving avg.	$64.82
Annualized volatility	17.1%
Short interest (ETF)	0.0%
Relative strength (RSI)	53

Liquidity measures
Avg. volume (thou.)	104
Turnover	0.7%
Bid/Ask (% of price)	0.13%
ADV underlying (mns)	$2,607

Distributions

FINDING ALTERNATIVE FUNDS

Below is a list of 276 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™:

8.4%

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 (%)
GWX	SPDR S&P International Small Cap ETF	28.9	40	18	6.2	-2.2
DFE	WisdomTree Europe SmallCap Dividend Fund	28.4	58	0	10.5	+2.1
FNDC	Schwab Fundamental International Small Co. Index ETF	27.5	39	19	7.0	-1.5
DISV	Dimensional International Small Cap Value ETF	26.0	42	16	8.8	+0.3
PDN	Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF	25.8	49	9	6.4	-2.0
DFIS	Dimensional International Small Cap ETF	25.2	39	19	6.4	-2.1
SCZ	iShares MSCI EAFE Small-Cap ETF	24.4	40	18	6.2	-2.3
DXJS	WisdomTree Japan Hedged SmallCap Equity Fund	23.9	58	0	7.5	-0.9
DFJ	WisdomTree Japan SmallCap Dividend Fund	23.9	58	0	7.3	-1.2
AVDV	Avantis International Small Cap Value ETF	23.3	36	22	7.7	-0.8
SCHC	Schwab International Small-Cap Equity ETF	23.3	11	47	6.2	-2.2
SCJ	iShares MSCI Japan Small-Cap ETF	21.3	50	8	6.3	-2.1
IEUS	iShares MSCI Europe Small-Cap ETF	20.1	42	16	5.8	-2.6
ISCF	iShares International SmallCap Equity Factor ETF	19.3	23	35	8.7	+0.3
VSS	Vanguard FTSE All-World ex-US Small-Cap ETF	16.1	7	51	6.4	-2.1
EUSC	WisdomTree Europe Hedged SmallCap Equity Fund	15.5	58	0	9.2	+0.8
EWUS	iShares MSCI United Kingdom Small Cap ETF	15.4	59	-1	5.6	-2.8
FDTS	First Trust Developed Markets ex-US Small Cap AlphaDEX Fund	15.0	80	-22	9.4	+1.0
TLTD	FlexShares Morningstar Developed Markets ex-US Factor Tilt	12.7	39	19	7.7	-0.8
DXJ	WisdomTree Japan Hedged Equity Fund	7.8	48	10	8.1	-0.3
DFIC	Dimensional International Core Equity 2 ETF	7.5	23	35	7.5	-1.0
DTH	WisdomTree International High Dividend Fund	6.4	58	0	10.0	+1.5
DFSI	Dimensional International Sustainability Core 1 ETF	6.3	24	34	6.1	-2.3
AVDE	Avantis International Equity ETF	5.9	23	35	7.8	-0.7
IPAC	iShares Core MSCI Pacific ETF	5.2	9	49	6.8	-1.6
DFAX	Dimensional World ex U.S. Core Equity 2 ETF	5.0	30	28	7.9	-0.6
VPL	Vanguard FTSE Pacific ETF	4.7	8	50	6.9	-1.5
DWM	WisdomTree International Equity Fund	4.7	48	10	7.8	-0.7
DDWM	WisdomTree Dynamic Currency Hedged International Equity Fund	4.7	40	18	7.9	-0.6
FYLD	Cambria Foreign Shareholder Yield ETF	4.7	59	-1	12.2	+3.7
MFDX	PIMCO RAFI Dynamic Multi-Factor International Equity ETF	4.5	39	19	7.2	-1.2
IQDG	WisdomTree International Quality Dividend Growth Fund	4.4	42	16	6.1	-2.3
IHDG	WisdomTree International Hedged Quality Dividend Growth Fund	4.4	58	0	6.0	-2.4
WPS	iShares International Developed Property ETF	4.3	48	10	7.0	-1.5
DEEF	Xtrackers FTSE Developed ex US Multifactor ETF	3.9	24	34	8.3	-0.1
DFAI	Dimensional International Core Equity Market ETF	3.9	18	40	7.0	-1.5
HAUZ	DBX ETF Trust - Xtrackers International Real Estate ETF	3.9	10	48	7.6	-0.8
VNQI	Vanguard Global ex-U.S. Real Estate ETF	3.7	12	46	8.0	-0.5
IEFA	iShares Core MSCI EAFE ETF	3.6	7	51	6.7	-1.7
IFGL	iShares International Developed Real Estate ETF	3.6	48	10	6.6	-1.8
ENOR	iShares MSCI Norway ETF	3.5	53	5	7.6	-0.8
NORW	Global X MSCI Norway ETF	3.5	50	8	7.6	-0.9
IDEV	iShares Core MSCI International Developed Markets ETF	3.3	4	54	6.8	-1.6
BNGE	First Trust S-Network Streaming and Gaming ETF	3.3	70	-12	-2.1	-10.6
FDNI	First Trust Dow Jones International Internet ETF	3.2	65	-7	3.0	-5.5
FLJP	Franklin FTSE Japan ETF	3.2	9	49	7.0	-1.5
FLJH	Franklin FTSE Japan Hedged ETF	3.2	9	49	7.3	-1.2
CGV	Conductor Global Equity Value ETF	3.1	130	-72	10.5	+2.1
VEA	Vanguard FTSE Developed Markets ETF	3.0	5	53	6.9	-1.6
JPXN	iShares JPX-Nikkei 400 ETF	2.8	48	10	7.8	-0.7
RWX	SPDR Dow Jones International Real Estate ETF	2.7	59	-1	6.6	-1.9
IXUS	iShares Core MSCI Total International Stock ETF	2.7	7	51	7.0	-1.4
IEUR	iShares Core MSCI Europe ETF	2.6	11	47	6.6	-1.8
SPEU	SPDR Portfolio Europe ETF	2.5	7	51	6.6	-1.9
EIS	iShares MSCI Israel ETF	2.4	58	0	8.6	+0.2
ISRA	VanEck Israel ETF	2.4	59	-1	8.1	-0.3
INTF	iShares International Equity Factor ETF	2.4	15	43	8.0	-0.5
VGK	Vanguard FTSE Europe ETF	2.3	11	47	6.7	-1.8
IDV	iShares International Select Dividend ETF	2.3	51	7	12.0	+3.6
EDEN	iShares MSCI Denmark ETF	2.3	53	5	5.8	-2.6
IPKW	Invesco International BuyBack Achievers ETF	2.2	55	3	9.5	+1.1
EUDG	WisdomTree Europe Quality Dividend Growth Fund	2.2	58	0	5.9	-2.6
RFDI	First Trust Riverfront Dynamic Developed International ETF	2.0	83	-25	8.8	+0.3
SPDW	SPDR Portfolio Developed World ex-US ETF	2.0	3	55	6.8	-1.6
SEA	U.S. Global Sea to Sky Cargo ETF	2.0	60	-2	17.7	+9.2
VXUS	Vanguard Total International Stock ETF	1.9	7	51	6.9	-1.5
VSGX	Vanguard ESG International Stock ETF	1.9	12	46	6.5	-1.9
JPIN	J.P. Morgan Diversified Return International Equity ETF	1.8	37	21	8.5	+0.0
FGD	First Trust Dow Jones Global Select Dividend Index Fund	1.7	56	2	13.6	+5.1
IQRA	IQ CBRE Real Assets ETF	1.7	65	-7	5.5	-2.9
PICK	iShares MSCI Global Metals & Mining Producers ETF	1.6	39	19	12.7	+4.3
ERET	iShares Environmentally Aware Real Estate ETF	1.5	30	28	6.7	-1.7
VIDI	Vident International Equity Strategy ETF	1.5	61	-3	11.9	+3.4
SDIV	Global X Superdividend ETF	1.5	58	0	15.0	+6.6
RODE	Hartford Multifactor Diversified International ETF	1.5	29	29	11.4	+3.0
RWO	SPDR Dow Jones Global Real Estate ETF	1.4	50	8	6.3	-2.1
IGRO	iShares International Dividend Growth ETF	1.4	15	43	7.1	-1.3
BOAT	SonicShares Global Shipping ETF	1.3	69	-11	31.0	+22.5
HEDJ	WisdomTree Europe Hedged Equity Fund	1.3	58	0	9.3	+0.9
DVYA	iShares Asia/Pacific Dividend ETF	1.3	49	9	9.3	+0.9
REET	iShares Global REIT ETF	1.3	14	44	6.6	-1.9
EWN	iShares MSCI Netherlands ETF	1.3	50	8	4.6	-3.8
DFGR	Dimensional Global Real Estate ETF	1.3	22	36	6.5	-2.0
AVRE	Avantis Real Estate ETF	1.2	17	41	6.1	-2.3
ROOF	IQ CBRE NextGen Real Estate ETF	1.2	60	-2	7.0	-1.5
FLAU	Franklin FTSE Australia ETF	1.2	9	49	5.5	-3.0
FNDF	Schwab Fundamental International Large Co. Index ETF	1.2	25	33	9.3	+0.8
EWK	iShares MSCI Belgium ETF	1.2	50	8	7.6	-0.9
LVHI	Franklin International Low Volatility High Dividend Index ET	1.2	40	18	10.3	+1.9
JSTC	Adasina Social Justice All Cap Global ETF	1.1	89	-31	4.9	-3.6
VIGI	Vanguard International Dividend Appreciation ETF	1.1	15	43	5.7	-2.7
KDIV	KraneShares S&P Pan Asia Dividend Aristocrats Index ETF	1.1	68	-10	8.3	-0.2
DBEZ	Xtrackers MSCI Eurozone Hedged Equity ETF	1.1	45	13	6.6	-1.8
VEGI	iShares MSCI Agriculture Producers ETF	1.1	39	19	9.5	+1.0
SHPP	Pacer Industrials and Logistics ETF	1.0	60	-2	8.5	+0.1
EFRA	iShares Environmental Infrastructure and Industrials ETF	1.0	47	11	4.9	-3.5
DNL	WisdomTree Global ex-US Quality Dividend Growth Fund	1.0	42	16	7.4	-1.0
WBAT	WisdomTree Battery Value Chain and Innovation Fund	1.0	45	13	-0.5	-8.9
RODM	Hartford Multifactor Developed Markets (ex-US) ETF	0.9	29	29	8.6	+0.1
FPXE	First Trust IPOX Europe Equity Opportunities ETF	0.9	70	-12	3.8	-4.6
BLLD	JPMorgan Sustainable Infrastructure ETF	0.9	49	9	5.6	-2.8
AQWA	Global X Clean Water ETF	0.9	50	8	4.1	-4.3
SCHF	Schwab International Equity ETF	0.8	6	52	7.1	-1.3
AVIV	Avantis International Large Cap Value ETF	0.8	25	33	8.8	+0.4
VT	Vanguard Total World Stock ETF	0.8	7	51	5.8	-2.7
ITEQ	BlueStar Israel Technology ETF	0.8	75	-17	1.4	-7.0
INDS	Pacer Industrial Real Estate ETF	0.8	55	3	5.5	-3.0
SMOG	VanEck Low Carbon Energy ETF	0.8	61	-3	2.7	-5.7
AZTD	Aztlan Global Stock Selection DM SMID ETF	0.7	75	-17	4.4	-4.1
DWX	SPDR S&P International Dividend ETF	0.7	45	13	6.6	-1.8
ZSB	USCF Sustainable Battery Metals Strategy Fund	0.7	61	-3	19.9	+11.5
CRIT	Optica Rare Earths & Critical Materials ETF Optica Rare Eart	0.7	85	-27	8.7	+0.3
GREI	Goldman Sachs Future Real Estate and Infrastructure Equity E	0.7	75	-17	4.6	-3.8
DFIV	Dimensional International Value ETF	0.7	27	31	9.8	+1.3
SNSR	Global X Internet of Things ETF	0.7	68	-10	4.3	-4.2
CUT	Invesco MSCI Global Timber ETF	0.7	61	-3	8.2	-0.2
DMAT	Global X Disruptive Materials ETF	0.6	59	-1	12.1	+3.6
GQRE	FlexShares Global Quality Real Estate Index Fund	0.6	45	13	6.5	-2.0
FDT	First Trust Developed Markets ex-US AlphaDEX Fund	0.6	80	-22	8.1	-0.4
PRAY	FIS Christian Stock Fund	0.6	69	-11	6.0	-2.5
REMX	VanEck Rare Earth/Strategic Metals ETF	0.6	54	4	14.2	+5.8
EBLU	Ecofin Global Water ESG Fund	0.6	40	18	3.9	-4.5
FRNW	Fidelity Clean Energy ETF	0.6	39	19	3.7	-4.7
ADIV	SmartETFs Asia Pacific Dividend Builder ETF	0.6	78	-20	9.3	+0.9
VYMI	Vanguard International High Dividend Yield ETF	0.6	22	36	9.6	+1.1
BATT	Amplify Lithium & Battery Technology ETF	0.6	59	-1	0.6	-7.9
GINN	Goldman Sachs Innovate Equity ETF	0.6	52	6	2.7	-5.7
DIHP	Dimensional International High Profitability ETF	0.6	29	29	7.4	-1.0
RAYD	Rayliant Quantitative Developed Market Equity ETF	0.6	80	-22	4.5	-3.9
VEU	Vanguard FTSE All-World ex-US Index Fund	0.5	8	50	7.0	-1.5
IWTR	iShares MSCI Water Management Multisector ETF	0.5	47	11	4.9	-3.5
IDAT	iShares Future Cloud 5G and Tech ETF	0.5	47	11	4.4	-4.1
PBD	Invesco Global Clean Energy ETF	0.5	75	-17	-7.0	-15.4
AHOY	Newday Ocean Health ETF	0.5	75	-17	5.5	-2.9
ROBO	ROBO Global Robotics & Automation Index ETF	0.5	95	-37	3.3	-5.2
PXF	Invesco FTSE RAFI Developed Markets ex-U.S. ETF	0.5	45	13	8.6	+0.2
RNRG	Global X Renewable Energy Producers ETF	0.5	66	-8	4.6	-3.8
ARB	AltShares Merger Arbitrage ETF	0.5	77	-19	3.2	-5.2
IQIN	IQ 500 International ETF	0.5	25	33	8.7	+0.3
LIT	Global X Lithium & Battery Tech ETF	0.5	75	-17	14.0	+5.6
ION	ProShares S&P Global Core Battery Metals ETF	0.5	58	0	13.0	+4.6
FID	First Trust S&P International Dividend Aristocrats ETF	0.4	60	-2	9.4	+1.0
WDIV	SPDR S&P Global Dividend ETF	0.4	40	18	9.6	+1.2
EFNL	iShares MSCI Finland ETF	0.4	56	2	8.0	-0.5
DTRE	First Trust Alerian Disruptive Technology Real Estate ETF	0.4	60	-2	3.6	-4.9
PRNT	3D Printing ETF	0.4	66	-8	-1.2	-9.7
GRID	First Trust Nasdaq Clean Edge Smart GRID Infrastructure	0.4	58	0	4.7	-3.7
ROBT	First Trust Nasdaq Artificial Intelligence & Robotics ETF	0.4	65	-7	1.3	-7.2
AIQ	Global X Artificial Intelligence & Technology ETF	0.4	68	-10	4.0	-4.4
IMOM	Alpha Architect International Quantitative Momentum ETF	0.4	49	9	7.3	-1.2
PIZ	Invesco Dorsey Wright Developed Markets Momentum ETF	0.4	80	-22	3.5	-5.0
SETM	Sprott Energy Transition Materials ETF	0.4	65	-7	6.4	-2.0
NIKL	Sprott Nickel Miners ETF	0.4	75	-17	10.6	+2.2
GII	SPDR S&P Global Infrastructure ETF	0.4	40	18	4.8	-3.6
IGF	iShares Global Infrastructure ETF	0.4	41	17	4.8	-3.6
GTEK	Goldman Sachs Future Tech Leaders Equity ETF	0.4	75	-17	3.1	-5.4
TOLZ	ProShares DJ Brookfield Global Infrastructure ETF	0.4	46	12	5.4	-3.1
WOOD	iShares Global Timber & Forestry ETF	0.4	42	16	9.4	+1.0
GFOF	Grayscale Future of Finance ETF	0.4	70	-12	0.2	-8.2
ERTH	Invesco MSCI Sustainable Future ETF	0.4	62	-4	3.2	-5.2
IBOT	Vaneck Robotics ETF	0.4	47	11	3.7	-4.7
SPGM	SPDR Portfolio MSCI Global Stock Market ETF	0.3	9	49	5.7	-2.8
EIRL	iShares MSCI Ireland ETF	0.3	50	8	5.7	-2.7
FJP	First Trust Japan AlphaDEX Fund	0.3	80	-22	10.8	+2.4
FINE	Themes European Luxury ETF	0.3	35	23	-2.7	-11.1
FIXT	Procure Disaster Recovery Strategy ETF	0.3	75	-17	5.9	-2.5
IZRL	ARK Israel Innovative Technology ETF	0.3	49	9	2.1	-6.3
RFEU	First Trust Riverfront Dynamic Europe ETF	0.3	83	-25	8.8	+0.4
PIO	Invesco Global Water ETF	0.3	75	-17	5.8	-2.6
SHLD	Global X Defense Tech ETF	0.3	50	8	5.0	-3.4
EWO	iShares MSCI Austria ETF	0.3	50	8	12.5	+4.1
GMET	VanEck Green Metals ETF	0.3	63	-5	10.6	+2.2
MOO	VanEck Agribusiness ETF	0.2	53	5	9.6	+1.2
INFL	Horizon Kinetics Inflation Beneficiaries ETF	0.2	85	-27	4.6	-3.9
FTRI	First Trust Indxx Global Natural Resources Income ETF	0.2	70	-12	10.0	+1.5
CLNR	IQ Cleaner Transport ETF	0.2	45	13	6.3	-2.1
CTEC	Global X CleanTech ETF	0.2	50	8	2.5	-5.9
IVEG	iShares Emergent Food and AgTech Multisector ETF	0.2	47	11	8.2	-0.2
IMFL	Invesco International Developed Dynamic Multifactor ETF	0.2	34	24	10.8	+2.3
BETZ	Roundhill Sports Betting & iGaming ETF	0.2	75	-17	1.8	-6.6
PAWZ	ProShares Pet Care ETF	0.2	50	8	3.6	-4.9
BLCN	Siren ETF Trust Siren Nasdaq NexGen Economy ETF	0.2	68	-10	4.2	-4.2
OCEN	IQ Clean Oceans ETF	0.2	45	13	5.6	-2.8
GLOF	iShares Global Equity Factor ETF	0.2	20	38	7.2	-1.2
IDHQ	Invesco S&P International Developed High Quality ETF	0.2	29	29	6.2	-2.2
BTEK	Future Tech ETF	0.2	88	-30	2.3	-6.2
BULD	Pacer BlueStar Engineering the Future ETF	0.2	60	-2	1.2	-7.2
NFRA	FlexShares STOXX Global Broad Infrastructure Index Fund	0.2	47	11	5.7	-2.7
GSFP	Goldman Sachs Future Planet Equity ETF	0.2	75	-17	4.5	-4.0
FEMS	First Trust Emerging Markets Small Cap AlphaDEX Fund	0.2	80	-22	13.4	+4.9
GUNR	FlexShares Morningstar Global Upstream Natural Resources Ind	0.2	46	12	9.3	+0.8
BLDG	Cambria Global Real Estate ETF	0.2	60	-2	9.5	+1.0
LUXX	Roundhill S&P Global Luxury ETF	0.2	45	13	3.0	-5.4
FTAG	First Trust Indxx Global Agriculture ETF	0.2	70	-12	9.2	+0.8
BJK	VanEck Gaming ETF	0.2	65	-7	1.9	-6.6
GCLN	Goldman Sachs Bloomberg Clean Energy Equity ETF	0.2	45	13	5.8	-2.6
IPAY	ETFMG Prime Mobile Payments ETFMG Prime Mobile Payments Fund	0.2	75	-17	5.7	-2.7
IVES	Wedbush ETFMG Global Cloud Technology ETF	0.2	68	-10	1.6	-6.9
EDIV	SPDR S&P Emerging Markets Dividend ETF	0.2	49	9	10.5	+2.1
IDLV	Invesco S&P International Developed Low Volatility ETF	0.2	25	33	5.8	-2.6
MJ	ETFMG Alternative Harvest	0.2	75	-17	-35.1	-43.6
SYNB	Putnam BioRevolution ETF	0.1	70	-12	2.9	-5.6
IRBO	iShares Robotics and Artificial Intelligence Multisector ETF	0.1	47	11	1.9	-6.5
HYDR	Global X Hydrogen ETF	0.1	50	8	-14.3	-22.7
GDVD	R3 Global Dividend Growth ETF	0.1	88	-30	5.6	-2.9
GOEX	Global X Gold Explorers ETF	0.1	65	-7	4.8	-3.6
SGDJ	Sprott Junior Gold Miners ETF	0.1	50	8	6.0	-2.4
IGPT	Invesco AI and Next Gen Software ETF	0.1	60	-2	4.3	-4.2
TAN	Invesco Solar ETF	0.1	67	-9	3.2	-5.2
SOCL	Global X Social Media ETF	0.1	65	-7	-6.1	-14.5
EWX	SPDR S&P Emerging Markets Small Cap ETF	0.1	65	-7	7.1	-1.3
TINY	ProShares Nanotechnology ETF	0.1	58	0	1.4	-7.1
HFXI	IQ FTSE International Equity Currency Neutral ETF	0.1	20	38	6.8	-1.6
WDNA	WisdomTree BioRevolution Fund	0.1	45	13	-3.7	-12.1
DEW	WisdomTree Global High Dividend Fund	0.1	58	0	8.7	+0.2
CGW	Invesco S&P Global Water Index ETF	0.1	57	1	3.7	-4.7
SPRE	SP Funds S&P Global REIT Sharia ETF	0.1	55	3	4.8	-3.6
JRNY	ALPS Global Travel Beneficiaries ETF	0.1	65	-7	-1.2	-9.7
EATV	VegTech Plant-based Innovation & Climate ETF	0.1	75	-17	3.6	-4.8
HART	IQ Healthy Hearts ETF	0.1	45	13	5.2	-3.2
KROP	Global X AgTech & Food Innovation ETF	0.1	50	8	4.7	-3.7
FDEV	Fidelity International Multifactor ETF	0.1	18	40	7.4	-1.0
COPX	Global X Copper Miners ETF	0.1	65	-7	8.0	-0.5
ODDS	Pacer BlueStar Digital Entertainment ETF	0.1	60	-2	2.3	-6.1
ESGG	FlexShares STOXX Global ESG Select Index Fund	0.1	42	16	5.2	-3.2
PTEC	Global X PropTech ETF	0.1	50	8	1.6	-6.8
UFO	Procure Space ETF	0.1	75	-17	-1.1	-9.5
FBOT	Fidelity Disruptive Automation ETF	0.1	50	8	3.8	-4.6
SLVP	iShares MSCI Global Silver Miners ETF	0.1	39	19	3.1	-5.4
FILL	iShares MSCI Global Energy Producers ETF	0.1	39	19	10.0	+1.6
XT	iShares Exponential Technologies ETF	0.1	46	12	4.7	-3.7
TLTE	FlexShares Morningstar Emerging Markets Factor Tilt Index	0.1	59	-1	9.2	+0.8
FLHK	Franklin FTSE Hong Kong ETF	0.1	9	49	7.4	-1.0
AGNG	Global X Aging Population ETF	0.1	50	8	3.9	-4.5
PEX	ProShares Global Listed Private Equity ETF	0.1	81	-23	11.5	+3.1
PSP	Invesco Global Listed Private Equity ETF	0.1	106	-48	8.0	-0.5
BOTZ	Global X Robotics & Artificial Intelligence ETF	0.1	69	-11	2.5	-5.9
SXUS	Janus Henderson International Sustainable Equity ETF	0.1	60	-2	4.1	-4.4
CRUZ	Defiance Hotel Airline and Cruise ETF	0.1	45	13	-5.1	-13.5
FINX	Global X FinTech ETF	0.1	68	-10	3.4	-5.1
AWAY	ETFMG Travel Tech ETF	0.1	76	-18	-4.3	-12.7
JEMA	JPMorgan ActiveBuilders Emerging Markets Equity ETF	0.1	33	25	7.1	-1.3
FDHT	Fidelity Digital Health ETF	0.1	39	19	-1.9	-10.3
GSID	Goldman Sachs MarketBeta International Equity ETF	0.1	20	38	6.7	-1.8
GXC	SPDR S&P China ETF	0.1	59	-1	9.1	+0.7
EV	Mast Global Battery Recycling & Production ETF	0.1	65	-7	13.2	+4.7
DRIV	Global X Autonomous & Electric Vehicles ETF	0.1	68	-10	5.7	-2.8
IDRV	iShares Self-driving EV & Tech ETF	0.1	47	11	-0.4	-8.9
TRFK	Pacer Data and Digital Revolution ETF	0.1	60	-2	4.6	-3.8
BKIE	BNY Mellon International Equity ETF	0.1	4	54	6.9	-1.6
FLAX	Franklin FTSE Asia Ex Japan ETF	0.1	19	39	7.0	-1.5
IBUY	Amplify Online Retail ETF	0.0	65	-7	1.5	-6.9
BNE	Blue Horizon BNE ETF	0.0	87	-29	5.2	-3.2
GLOV	Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF	0.0	25	33	5.7	-2.7
FDRV	Fidelity Electric Vehicles and Future Transportation ETF	0.0	39	19	-2.7	-11.2
GAMR	Wedbush ETFMG Video Game Tech ETF Wedbush ETFMG Video Game T	0.0	75	-17	5.0	-3.4
NERD	Roundhill Video Games ETF	0.0	50	8	7.0	-1.5
CCSO	Carbon Collective Climate Solutions US Equity ETF	0.0	35	23	2.5	-5.9
IDMO	Invesco S&P International Developed Momentum ETF	0.0	25	33	7.6	-0.9
IQSI	IQ Candriam International Equity ETF	0.0	15	43	6.4	-2.1
GNOM	Global X Genomics & Biotechnology ETF	0.0	50	8	-5.1	-13.6
GDX	VanEck Gold Miners ETF	0.0	51	7	4.5	-4.0
GDXJ	VanEck Junior Gold Miners ETF	0.0	52	6	4.5	-3.9
GOAU	U.S. Global GO GOLD and Precious Metal Miners ETF	0.0	60	-2	8.0	-0.4
RAYS	Global X Solar ETF	0.0	51	7	7.1	-1.3
IPOS	Renaissance International IPO ETF	0.0	80	-22	-0.6	-9.0
ONEQ	Fidelity Nasdaq Composite Index ETF	0.0	21	37	4.0	-4.4
CEFA	Global X S&P Catholic Values Developed ex-US ETF	0.0	35	23	6.2	-2.3
GMF	SPDR S&P Emerging Asia Pacific ETF	0.0	49	9	6.2	-2.2
SPEM	SPDR Portfolio Emerging Markets ETF	0.0	7	51	7.4	-1.1
DFSE	Dimensional Emerging Markets Sustainability Core 1 ETF	0.0	41	17	7.5	-0.9
DFEM	Dimensional Emerging Markets Core Equity 2 ETF	0.0	38	20	8.1	-0.4
DFAE	Dimensional Emerging Core Equity Market ETF	0.0	35	23	7.4	-1.1
VWO	Vanguard FTSE Emerging Markets ETF	0.0	8	50	7.2	-1.3
DEHP	Dimensional Emerging Markets High Profitability ETF	0.0	41	17	6.6	-1.9
BBEU	JPMorgan BetaBuilders Europe ETF	0.0	9	49	6.9	-1.5

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

	2019	2020	2021	2022	2023	2024E	2025E
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

	2023	2024E	2025E
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	10.5	%
Divided by: Fwd. P/BV	1.2	x
Less: Expense ratio	58	bp
Equals: ALTAR Score	8.4	%

More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS

COMPOSITE RATING	1.60	CATEGORY AVERAGE	1.61

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.