WisdomTree Global ex-US Dividend Growth Fund
ALTAR
Score™
7.2% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
14.6x P/Sales
ratio
1.5x
P/BV
ratio
2.6x 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) $115
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) $51,318
Large cap (>$10bn) 74.5%
Mid cap ($2-10bn) 23.9%
Small cap (<$2bn) 1.4%
Developed mkts 81.0%
Emerging mkts 19.0%

TOP TEN HOLDINGS
BRITISH AMERICAN TOBACCO PLC 6.5 %
NOVO NORDISK A/S-B 6.1 %
CHINA OVERSEAS LAND & INVEST 3.1 %
TATNEFT PJSC SPONSORED ADR 2.7 %
REED ELSEVIER PLC 2.7 %
CANADIAN NATL RAILWAY CO 2.7 %
ASML HOLDING NV 2.6 %
TELENOR ASA 2.6 %
FORTESCUE METALS GROUP LTD 2.5 %
CSL LIMITED 2.5 %
Total 34.0 %

TOP COUNTRY EXPOSURE
BRITAIN 17.0 %
JAPAN 10.9 %
DENMARK 10.1 %
AUSTRALIA 7.2 %
SWITZERLAND 5.6 %
CANADA 5.2 %
HONG KONG 4.5 %
INDIA 4.2 %
RUSSIA 3.5 %
NORWAY 3.3 %

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.
-1.5% 23.4% 7.7% 5.9% 4.0%

Market Correlations
versus... Beta R-squared
S&P500 0.84 70%
MSCI EAFE 1.00 82%
MSCI Emg. Mkts. 0.74 78%

Technical Indicators
Recent close $63.61
30d moving avg. $66.67
Annualized volatility 12.2%
Short interest (ETF) 0.9%
Relative strength (RSI) 51

Liquidity measures
Avg. volume (thou.) 22
Turnover 1.2%
Bid/Ask (% of price) 0.13%
ADV underlying (mns) $8,258

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the WisdomTree Global ex-US 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™: 7.2%


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 42.0 38 20 6.4 -0.8
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 41.3 58 0 6.1 -1.2
EUDG WisdomTree Europe Quality Dividend Growth Fund 25.3 58 0 6.3 -0.9
IDHQ Invesco S&P International Developed High Quality ETF 22.6 29 29 5.3 -1.9
IQLT iShares Edge MSCI Intl Quality Factor ETF 20.7 30 28 6.2 -1.0
QINT American Century Quality Diversified International ETF 20.5 39 19 6.2 -1.0
TTAI TrimTabs All Cap International Free-Cash-Flow ETF 17.5 61 -3 5.0 -2.2
PIZ Invesco DWA Developed Markets Momentum ETF 16.4 80 -22 3.8 -3.4
IMTM iShares Edge MSCI Intl Momentum Factor ETF 15.1 30 28 4.7 -2.5
EFG iShares MSCI EAFE Growth ETF 14.4 40 18 4.7 -2.5
VIGI Vanguard International Dividend Appreciation ETF 14.4 25 33 5.9 -1.3
GXF Global X FTSE Nordic Region ETF 14.0 58 0 5.5 -1.8
TPIF Timothy Plan International ETF 12.4 62 -4 6.7 -0.6
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 12.2 32 26 9.4 +2.2
PDEV Principal International Multi-Factor Core Index ETF 12.1 25 33 6.8 -0.4
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 11.6 16 42 6.9 -0.3
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 11.5 30 28 8.9 +1.7
QEFA SPDR MSCI EAFE Quality Mix ETF 11.4 30 28 6.8 -0.5
DVEM WisdomTree Emerging Markets Dividend Fund 10.9 32 26 11.5 +4.3
JHEM John Hancock Multifactor Emerging Markets ETF 10.7 55 3 8.8 +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

  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

Content on this tab for subscribers only

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 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 20.2 %
Divided by: Fwd. P/BV 2.6 x
Less: Expense ratio 58 bp
Equals: ALTAR Score 7.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.60 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.