WisdomTree Global ex-US Quality Dividend Growth Fund
ALTAR
Score™
7.7% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
18.1x P/Sales
ratio
2.9x
P/BV
ratio
3.1x Div.
yield
3.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
DNL seeks to track the investments results of dividend-paying companies with growth characteristics in developed and emerging equity markets, ex-U.S.

FUND BASICS
Category International Equities
Fund Sponsor WisdomTree ETFs/USA
Website www.wisdomtree.com
Inception date Jun 16, 2006
Assets (mns) $218
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 245
Wgt avg mkt cap (mns) $64,235
Large cap (>$10bn) 80.0%
Mid cap ($2-10bn) 18.8%
Small cap (<$2bn) 0.9%
Developed mkts 82.1%
Emerging mkts 17.9%

TOP TEN HOLDINGS
NOVO NORDISK A/S-B 7.0 %
BRITISH AMERICAN TOBACCO PLC 5.7 %
FORTESCUE METALS GROUP LTD 4.5 %
CANADIAN NATL RAILWAY CO 3.2 %
ASML HOLDING NV 3.2 %
NESTE OIL OYJ 2.6 %
TELENOR ASA 2.6 %
CHINA OVERSEAS LAND & INVEST 2.6 %
REED ELSEVIER PLC 2.5 %
TOKYO ELECTRON LTD 2.5 %
Total 36.4 %

TOP COUNTRY EXPOSURE
JAPAN 13.6 %
BRITAIN 13.2 %
DENMARK 12.3 %
AUSTRALIA 8.9 %
SWITZERLAND 6.5 %
CANADA 5.7 %
INDIA 4.6 %
HONG KONG 4.3 %
NETHERLANDS 3.8 %
CHINA 3.6 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
3.1% 20.5% 10.3% 6.2% 4.2%

Market Correlations
versus... Beta R-squared
S&P500 0.85 85%
MSCI EAFE 0.95 89%
MSCI Emg. Mkts. 0.72 81%

Technical Indicators
Recent close $68.07
30d moving avg. $67.29
Annualized volatility 16.1%
Short interest (ETF) 1.1%
Relative strength (RSI) 56

Liquidity measures
Avg. volume (thou.) 26
Turnover 0.8%
Bid/Ask (% of price) 0.14%
ADV underlying (mns) $3,739

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the WisdomTree Global ex-US Quality Dividend Growth Fund ETF based on the alternatives' overlap in portfolio holdings with DNL. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: DNL Expense: 58 bp ALTAR Score™: 7.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH DNL
Ticker Fund
Name
Overlap1
vs DNL
(%)
Expense
ratio
(bp)
Savings
vs DNL
(bp)
ALTAR
Score™
(%)
ALTAR
vs DNL
(%)
IQDG WisdomTree International Quality Dividend Growth Fund 41.4 42 16 6.1 -1.6
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 41.0 58 0 6.0 -1.7
IDHQ Invesco S&P International Developed Quality ETF 24.1 29 29 4.9 -2.8
EUDG WisdomTree Europe Quality Dividend Growth Fund 23.9 58 0 5.8 -1.9
IQLT iShares Edge MSCI Intl Quality Factor ETF 22.5 30 28 5.9 -1.9
IDMO Invesco S&P International Developed Momentum ETF 20.4 26 32 4.5 -3.3
QINT American Century Quality Diversified International ETF 19.3 39 19 6.0 -1.7
IMTM iShares Edge MSCI Intl Momentum Factor ETF 19.0 30 28 4.3 -3.4
PIZ Invesco DWA Developed Markets Momentum ETF 18.6 81 -23 4.5 -3.2
TTAI TrimTabs All Cap International Free-Cash-Flow ETF 17.0 61 -3 4.8 -2.9
VIGI Vanguard International Dividend Appreciation ETF 16.9 20 38 5.5 -2.3
RFEU First Trust Riverfront Dynamic Europe ETF 15.0 83 -25 5.7 -2.0
GXF Global X FTSE Nordic Region ETF 15.0 56 2 10.6 +2.9
RFDI First Trust Riverfront Dynamic Developed International ETF 14.9 83 -25 5.6 -2.2
EFG iShares MSCI EAFE Growth ETF 14.8 40 18 4.4 -3.3
DWCR Arrow DWA Country Rotation ETF 13.9 95 -37 13.9 +6.2
EDEN iShares MSCI Denmark Capped ETF 12.3 53 5 6.1 -1.6
QEFA SPDR MSCI EAFE Quality Mix ETF 12.1 30 28 6.7 -1.0
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 12.1 32 26 9.1 +1.3
VSGX Vanguard ESG International Stock ETF 11.9 17 41 7.0 -0.7
IQDY FlexShares International Quality Dividend Dynamic Index Fund 11.9 47 11 9.0 +1.3
IQDE FlexShares International Quality Dividend Defensive Index Fd 11.5 47 11 9.0 +1.3
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 11.1 16 42 6.8 -0.9
JHEM John Hancock Multifactor Emerging Markets ETF 11.0 49 9 8.6 +0.8
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 10.7 30 28 8.8 +1.1
EUDV ProShares MSCI Europe Dividend Growers ETF 10.7 55 3 5.7 -2.0
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 10.5 40 18 7.0 -0.8
NUDM Nuveen ESG International Developed Markets Equity ETF 10.5 40 18 6.6 -1.1
CWI SPDR MSCI ACWI ex-US ETF 10.3 30 28 7.1 -0.7
RFAP First Trust Riverfront Dynamic Asia Pacific ETF 10.3 83 -25 5.4 -2.3
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 10.2 35 23 6.8 -0.9
GSIE Goldman Sachs ActiveBeta International Equity ETF 10.1 25 33 6.6 -1.2
VEU Vanguard FTSE All-World ex-US Index Fund 10.1 8 50 7.5 -0.3
IQDF FlexShares International Quality Dividend Index Fund 10.1 47 11 8.9 +1.2
IXUS ishares Core MSCI Total International Stock ETF 10.1 9 49 7.3 -0.4
ACWX iShares MSCI ACWI ex U.S. ETF 9.9 32 26 7.2 -0.6
TPIF Timothy Plan International ETF 9.8 62 -4 6.1 -1.6
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 9.6 30 28 0.0 -7.7
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 9.6 25 33 6.3 -1.5
EEMA iShares MSCI Emerging Markets Asia ETF 9.5 50 8 7.6 -0.1
VXUS Vanguard Total International Stock Index Fund 9.4 8 50 7.4 -0.3
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 9.3 14 44 6.8 -1.0
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 9.2 20 38 6.9 -0.8
BKIE BNY Mellon International Equity ETF 9.2 4 54 7.3 -0.5
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 9.1 39 19 6.4 -1.3
SCHE Schwab Emerging Markets Equity ETF 9.1 11 47 8.0 +0.3
EEM iShares MSCI Emerging Markets ETF 9.0 68 -10 7.4 -0.3
EFAV iShares Edge MSCI Min Vol EAFE ETF 9.0 20 38 5.4 -2.3
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 8.9 32 26 5.9 -1.8
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 8.9 45 13 6.5 -1.2
CIL VictoryShares International Volatility Weighted Index ETF 8.8 45 13 6.6 -1.2
IGRO iShares International Dividend Growth ETF 8.8 22 36 7.9 +0.2
BKF iShares MSCI BRIC ETF 8.8 69 -11 7.6 -0.2
GSID Goldman Sachs MarketBeta International Equity ETF 8.7 20 38 7.1 -0.6
VWO Vanguard FTSE Emerging Markets ETF 8.7 10 48 8.1 +0.3
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 8.7 65 -7 7.5 -0.2
IEV iShares Europe ETF 8.6 59 -1 6.7 -1.1
IEMG iShares Core MSCI Emerging Markets ETF 8.6 13 45 7.9 +0.2
EFA iShares MSCI EAFE ETF 8.6 32 26 6.9 -0.8
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 8.6 30 28 0.0 -7.7
FLAX Franklin FTSE Asia Ex Japan ETF 8.6 19 39 7.7 -0.0
AAXJ iShares MSCI All Country Asia ex Japan ETF 8.5 68 -10 7.1 -0.6
EWU iShares MSCI United Kingdom ETF 8.5 50 8 7.3 -0.4
DBEU Xtrackers MSCI Europe Hedged Equity ETF 8.5 45 13 6.5 -1.3
BBEU JPMorgan BetaBuilders Europe ETF 8.5 9 49 7.2 -0.6
SCHF Schwab International Equity ETF 8.5 6 52 7.2 -0.5
FLEE Franklin FTSE Europe ETF 8.4 9 49 6.8 -0.9
QGBR SPDR MSCI UK StrategicFactors ETF 8.4 14 44 7.9 +0.2
IDEV iShares Core MSCI International Developed Markets ETF 8.4 5 53 7.1 -0.7
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 8.4 35 23 6.7 -1.0
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 8.4 32 26 5.9 -1.8
RBIN Nationwide Risk-Based International Equity ETF 8.4 42 16 6.0 -1.7
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 8.4 45 13 7.5 -0.2
ESGD iShares MSCI EAFE ESG Optimized ETF 8.4 20 38 6.8 -0.9
EFAD ProShares MSCI EAFE Dividend Growers ETF 8.3 50 8 6.1 -1.6
IEUR iShares Core MSCI Europe ETF 8.3 9 49 7.1 -0.7
FLEH Franklin FTSE Europe Hedged ETF 8.3 9 49 7.0 -0.8
FDEV Fidelity Targeted International Factor ETF 8.3 39 19 6.3 -1.4
ESGE iShares ESG MSCI EM ETF 8.2 25 33 8.7 +0.9
AVEM Avantis Emerging Markets Equity ETF 8.2 33 25 8.9 +1.2
IQSI IQ Candriam ESG International Equity ETF 8.1 15 43 7.2 -0.6
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 8.1 7 51 7.4 -0.4
DVEM WisdomTree Emerging Markets Dividend Fund 8.1 32 26 7.3 -0.4
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 8.1 30 28 7.8 +0.0
SPDW SPDR Portfolio Developed World ex-US ETF 8.1 4 54 7.0 -0.7
FEU SPDR Portfolio Europe ETF 8.0 9 49 7.1 -0.6
PDEV Principal International Multi-Factor Core Index ETF 8.0 25 33 7.7 -0.0
IEFA iShares Core MSCI EAFE ETF 8.0 7 51 7.1 -0.6
HFXI IQ 50 Percent Hedged FTSE International ETF 8.0 20 38 7.3 -0.5
FLGB Franklin FTSE United Kingdom ETF 8.0 9 49 7.9 +0.1
VGK Vanguard FTSE Europe ETF 7.9 8 50 7.2 -0.5
DOL WisdomTree International LargeCap Dividend Fund 7.9 48 10 8.6 +0.8
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 7.9 36 22 7.4 -0.4
VEA Vanguard FTSE Developed Markets ETF 7.8 5 53 7.3 -0.5
SPEM SPDR Portfolio Emerging Markets ETF 7.8 11 47 8.0 +0.2
INTF iShares Edge MSCI Multifactor Intl ETF 7.7 30 28 7.7 -0.0
PXH Invesco FTSE RAFI Emerging Markets ETF 7.7 50 8 13.6 +5.9
DOO WisdomTree International Dividend ex-Financials Fund 7.7 58 0 8.7 +1.0
GMF SPDR S&P Emerging Asia Pacific ETF 7.7 49 9 7.4 -0.3

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 Global ex-US Quality Dividend Growth 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 24.3 %
Divided by: Fwd. P/BV 2.9 x
Less: Expense ratio 58 bp
Equals: ALTAR Score 7.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.58 CATEGORY
AVERAGE
1.59
 
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.