WisdomTree Global Ex-U.S. Growth
ALTAR
Score™
7.8% info Recommen-
dation
OVERWEIGHT
2019E    2020E
P/E
ratio
14.7x P/Sales
ratio
1.6x
P/BV
ratio
2.7x Div.
yield
3.6%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
WisdomTree Global ex-US Growth Fund seeks investment results that closely correspond to the price and yield performance, before fees and expenses, of the WisdomTree World ex-U.S. Growth Index.

FUND BASICS
Category International Equities
Fund Sponsor WisdomTree ETFs/USA
Website www.wisdomtree.com
Inception date Jun 16, 2006
Assets (mns) $86
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 278
Wgt avg mkt cap (mns) $43,842
Large cap (>$10bn) 71.9%
Mid cap ($2-10bn) 26.3%
Small cap (<$2bn) 1.6%
Developed mkts 79.7%
Emerging mkts 20.3%

TOP TEN HOLDINGS
NOVO NORDISK A/S-B 5.9 %
BRITISH AMERICAN TOBACCO PLC 5.9 %
CHINA OVERSEAS LAND & INVEST 3.1 %
TELENOR ASA 3.0 %
TATNEFT PJSC SPONSORED ADR 2.9 %
CANADIAN NATL RAILWAY CO 2.9 %
REED ELSEVIER PLC 2.6 %
ASML HOLDING NV 2.5 %
CSL LIMITED 2.2 %
FORTESCUE METALS GROUP LTD 2.2 %
Total 33.2 %

TOP COUNTRY EXPOSURE
BRITAIN 16.1 %
JAPAN 10.9 %
DENMARK 9.6 %
AUSTRALIA 6.5 %
CANADA 5.4 %
SWITZERLAND 5.2 %
HONG KONG 4.7 %
INDIA 4.3 %
RUSSIA 3.9 %
NORWAY 3.6 %

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.
24.9% 18.1% 5.6% 5.4% 3.5%

Market Correlations
versus... Beta R-squared
S&P500 0.79 60%
MSCI EAFE 0.99 81%
MSCI Emg. Mkts. 0.77 80%

Technical Indicators
Recent close $61.51
30d moving avg. $60.88
Annualized volatility 12.2%
Short interest (ETF) 0.1%
Relative strength (RSI) 72

Liquidity measures
Avg. volume (thou.) 17
Turnover 1.2%
Bid/Ask (% of price) 0.15%
ADV underlying (mns) $7,994

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the WisdomTree Global Ex-U.S. Growth 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™: 7.8%


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 40.0 38 20 6.7 -1.2
IHDG Wisdomtree International Hed 39.7 58 0 6.4 -1.4
EUDG WisdomTree Europe Dividend 23.9 58 0 6.5 -1.3
IDHQ Invesco Int'l Developed High Quality Portfolio 22.2 29 29 5.6 -2.2
IQLT iShares MSCI Int'l Developed Quality 18.0 30 28 6.2 -1.6
QINT American Century Quality Diversified International 16.5 39 19 6.3 -1.5
PIZ Invesco DWA Dev. Mkts. Technical Leaders 16.0 80 -22 4.2 -3.6
TTAI TrimTabs All Cap International Free-Cash-Flow 15.5 59 -1 5.2 -2.6
GXF Global X FTSE Nordic 30 13.6 58 0 5.2 -2.6
VIGI Vanguard Int'l Dividend Appreciation 13.6 25 33 6.1 -1.8
EFG iShares MSCI EAFE Growth 12.7 40 18 5.1 -2.7
DGRE WisdomTree Emg Mkt Dividend Growth 12.4 32 26 9.2 +1.3
IMTM iShares MSCI Int'l Developed Momentum 12.1 30 28 5.3 -2.5
QEMM SPDR MSCI Emerging Markets Quality Mix 11.7 30 28 9.3 +1.5
PDEV Principal International Multi-Factor Core Index 11.4 25 33 6.9 -0.9
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity 10.9 16 42 7.1 -0.7
JHEM John Hancock Multifactor Emerging Markets 10.7 55 3 8.9 +1.1
DVEM WisdomTree Emerging Markets Dividend 10.6 32 26 11.3 +3.5
QEFA SPDR MSCI EAFE Quality Mix 10.4 30 28 6.6 -1.2
VSGX Vanguard ESG International Stock 10.1 15 43 7.4 -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

  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 Global Ex-U.S. Growth
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 20.8 %
Divided by: Fwd. P/BV 2.5 x
Less: Expense ratio 58 bp
Equals: ALTAR Score 7.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.63 CATEGORY
AVERAGE
1.63
 
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.