WisdomTree International LargeCap Dividend Fund
ALTAR
Score™		 10.8% info Recommen-
dation		 OVERWEIGHT
2020E    2021E
P/E
ratio		 11.3x P/Sales
ratio		 0.9x
P/BV
ratio		 0.9x Div.
yield		 5.5%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
WisdomTree International LargeCap Dividend Fund seeks investment results that correspond to the performance of the WisdomTree International LargeCap Dividend Index. The Index tracks large cap companies from Europe, Asia and Australia that pay regular dividends.

FUND BASICS
Category International Equities
Fund Sponsor WisdomTree ETFs/USA
Website www.wisdomtree.com
Inception date Jun 16, 2006
Assets (mns) $320
Currency USD
Expense ratio 48 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 286
Wgt avg mkt cap (mns) $72,017
Large cap (>$10bn) 99.3%
Mid cap ($2-10bn) 0.7%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
NESTLE SA-REG 2.2 %
CHINA MOBILE LIMITED 2.1 %
ROCHE HOLDING AG-GENUSSCHEIN 2.1 %
NOVARTIS AG-REG 2.0 %
TOYOTA MOTOR CORP 1.9 %
BRITISH AMERICAN TOBACCO PLC 1.7 %
HSBC HOLDINGS PLC 1.7 %
TOTAL SA 1.6 %
BP PLC 1.6 %
GLAXOSMITHKLINE PLC 1.5 %
Total 18.2 %

TOP COUNTRY EXPOSURE
BRITAIN 18.3 %
JAPAN 17.7 %
FRANCE 11.6 %
SWITZERLAND 10.9 %
GERMANY 8.4 %
HONG KONG 6.4 %
AUSTRALIA 5.2 %
SPAIN 4.3 %
ITALY 3.0 %
NETHERLANDS 3.0 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-24.2% -17.5% -2.0% 1.7% 1.0%

Market Correlations
versus... Beta R-squared
S&P500 0.86 77%
MSCI EAFE 0.98 97%
MSCI Emg. Mkts. 0.75 84%

Technical Indicators
Recent close $35.97
30d moving avg. $39.29
Annualized volatility 14.9%
Short interest (ETF) 0.8%
Relative strength (RSI) 34

Liquidity measures
Avg. volume (thou.) 136
Turnover 1.5%
Bid/Ask (% of price) 0.30%
ADV underlying (mns) $32,941

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the WisdomTree International LargeCap Dividend Fund ETF based on the alternatives' overlap in portfolio holdings with DOL. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: DOL Expense: 48 bp ALTAR Score™: 10.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH DOL
Ticker Fund
Name		 Overlap1
vs DOL
(%)		 Expense
ratio
(bp)		 Savings
vs DOL
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs DOL
(%)
DWM WisdomTree International Equity Fund 69.5 48 0 10.6 -0.2
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 68.5 35 13 10.8 +0.0
EFA iShares MSCI EAFE ETF 60.3 32 16 9.0 -1.8
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 58.7 35 13 8.7 -2.1
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 57.7 45 3 11.3 +0.5
HFXI IQ 50 Percent Hedged FTSE International ETF 57.4 20 28 9.3 -1.5
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 57.4 20 28 9.0 -1.8
DTH WisdomTree DEFA Equity Income Fund 57.3 58 -10 12.3 +1.6
EFV iShares MSCI EAFE Value ETF 57.0 39 9 12.4 +1.7
IEV iShares Europe ETF 56.7 59 -11 8.6 -2.1
IQSI IQ Candriam ESG International Equity ETF 56.1 15 33 9.1 -1.7
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 55.7 7 41 9.5 -1.3
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 55.1 30 18 8.5 -2.3
DBEU Xtrackers MSCI Europe Hedged Equity ETF 55.0 45 3 8.2 -2.6
FNDF Schwab Fundamental International Large Co. Index ETF 54.9 25 23 11.1 +0.3
ESGD iShares MSCI EAFE ESG Optimized ETF 54.9 20 28 9.0 -1.8
BBEU JPMorgan BetaBuilders Europe ETF 54.8 9 39 9.1 -1.7
FLEE Franklin FTSE Europe ETF 54.6 9 39 8.8 -2.0
FLEH Franklin FTSE Europe Hedged ETF 54.3 9 39 8.7 -2.1
IDY Pacific Global International Equity Income ETF 54.1 39 9 10.8 +0.1
IEFA iShares Core MSCI EAFE ETF 53.8 7 41 9.2 -1.6
JHMD John Hancock Multifactor Developed International ETF 53.1 45 3 9.3 -1.5
IEUR iShares Core MSCI Europe ETF 52.6 9 39 9.2 -1.6
SCHF Schwab International Equity ETF 52.1 6 42 9.3 -1.5
VGK Vanguard FTSE Europe ETF 51.8 8 40 9.3 -1.5
FEU SPDR Portfolio Europe ETF 51.4 9 39 9.1 -1.6
QEFA SPDR MSCI EAFE Quality Mix ETF 50.8 30 18 8.2 -2.6
IDEV iShares Core MSCI International Developed Markets ETF 49.7 5 43 9.3 -1.5
SPDW SPDR Portfolio Developed World ex-US ETF 48.6 4 44 9.1 -1.7
VYMI Vanguard International High Dividend Yield ETF 48.5 32 16 12.3 +1.5
IQIN IQ 500 International ETF 47.9 25 23 11.1 +0.4
CWI SPDR MSCI ACWI ex-US ETF 47.2 30 18 9.3 -1.5
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 47.1 25 23 8.3 -2.5
VEA Vanguard FTSE Developed Markets ETF 46.6 5 43 9.5 -1.3
PDEV Principal International Multi-Factor Core Index ETF 45.1 25 23 8.5 -2.3
GSIE Goldman Sachs ActiveBeta International Equity ETF 43.8 25 23 8.6 -2.2
ACWX iShares MSCI ACWI ex U.S. ETF 43.6 32 16 9.4 -1.4
ISDX Invesco Strategic Developed ex-US ETF 43.3 23 25 9.9 -0.9
RFDI First Trust Riverfront Dynamic Developed International ETF 42.9 83 -35 7.9 -2.9
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 42.5 14 34 8.6 -2.1
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 42.2 40 8 9.0 -1.7
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 41.2 39 9 8.3 -2.5
VEU Vanguard FTSE All-World ex-US Index Fund 41.0 8 40 9.6 -1.2
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 38.8 39 9 11.7 +1.0
IXUS ishares Core MSCI Total International Stock ETF 38.7 9 39 9.5 -1.3
CIZ Victory CEMP Developed Enhanced Volatility Weighted Index ET 38.4 45 3 9.3 -1.5
CIL Victory CEMP International Volatility Weighted Index ETF 38.1 45 3 9.2 -1.6
DOO WisdomTree International Dividend ex-Financials Fund 38.1 58 -10 10.9 +0.1
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 37.9 48 0 0.0 -10.8
VXUS Vanguard Total International Stock Index Fund 37.8 8 40 9.6 -1.2
OEUR O'shares FTSE Europe Quality Dividend ETF 36.5 48 0 7.6 -3.2
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 36.2 16 32 8.7 -2.0
IQLT iShares Edge MSCI Intl Quality Factor ETF 34.7 30 18 7.5 -3.3
RBIN Nationwide Risk-Based International Equity ETF 34.5 42 6 8.4 -2.4
IVLU iShares Edge MSCI Intl Value Factor ETF 34.1 30 18 14.1 +3.3
RFEU First Trust Riverfront Dynamic Europe ETF 33.6 83 -35 6.3 -4.5
VSGX Vanguard ESG International Stock ETF 33.4 17 31 9.1 -1.7
FIVA Fidelity International Value Factor ETF 33.4 39 9 13.1 +2.3
IMTM iShares Edge MSCI Intl Momentum Factor ETF 33.3 30 18 5.9 -4.9
EFAV iShares Edge MSCI Min Vol EAFE ETF 33.3 20 28 6.7 -4.0
EFG iShares MSCI EAFE Growth ETF 32.7 40 8 5.9 -4.8
EUMV iShares Edge MSCI Min Vol Europe ETF 32.4 25 23 6.4 -4.4
EZU iShares MSCI Eurozone ETF 31.7 49 -1 8.9 -1.8
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 31.3 45 3 8.7 -2.1
RNDM Developed International Equity Select ETF 31.1 65 -17 8.1 -2.7
EURZ Xtrackers Eurozone Equity ETF 30.9 9 39 9.2 -1.6
TPIF Timothy Plan International ETF 29.7 62 -14 8.8 -1.9
FDEV Fidelity Targeted International Factor ETF 29.5 39 9 7.7 -3.0
JPEU JPMorgan Diversified Return Europe Equity ETF 28.9 37 11 8.6 -2.2
PQIN PGIM QMA Strategic Alpha International Equity ETF 28.8 29 19 9.4 -1.4
CID Victory CEMP Intl High Dividend Volatility Wtd Index ETF 28.1 45 3 14.8 +4.0
IOO iShares Global 100 ETF 27.6 40 8 6.1 -4.7
IQDE FlexShares International Quality Dividend Defensive Index Fd 27.4 47 1 15.5 +4.7
NUDM Nuveen ESG International Developed Markets Equity ETF 27.0 40 8 8.5 -2.2
ESGG FlexShares STOXX Global ESG Impact Index Fund 27.0 42 6 7.2 -3.6
FIDI Fidelity International High Dividend ETF 26.9 39 9 16.1 +5.3
IGRO iShares International Dividend Growth ETF 26.8 22 26 9.8 -1.0
IDHD Invesco S&P Intl Developed High Dividend Low Volatility ETF 26.3 30 18 8.6 -2.2
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 26.2 32 16 7.6 -3.1
RODM Hartford Multifactor Developed Markets (ex-US) ETF 25.6 29 19 10.6 -0.1
IPAC iShares Core MSCI Pacific ETF 25.2 9 39 9.4 -1.4
SCID Global X Scientific Beta Europe ETF 25.2 38 10 8.8 -2.0
DGT SPDR Global Dow ETF 25.1 50 -2 8.6 -2.2
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 25.0 20 28 12.7 +1.9
ISZE iShares Edge MSCI Intl Size Factor ETF 24.8 30 18 9.1 -1.7
QINT American Century Quality Diversified International ETF 24.3 39 9 7.6 -3.2
IQDF FlexShares International Quality Dividend Index Fund 24.2 47 1 16.0 +5.3
FEZ SPDR EURO STOXX 50 ETF 24.0 29 19 9.3 -1.5
IDHQ Invesco S&P International Developed High Quality ETF 24.0 29 19 6.6 -4.2
VPL Vanguard FTSE Pacific ETF 23.9 8 40 9.8 -0.9
DEW WisdomTree Global High Dividend Fund 23.6 58 -10 11.4 +0.6
IDLV Invesco S&P International Developed Low Volatility ETF 23.4 25 23 8.0 -2.8
URTH iShares MSCI World ETF 23.0 24 24 7.5 -3.3
QWLD SPDR MSCI World StrategicFactors ETF 23.0 30 18 7.5 -3.3
IDMO Invesco S&P International Developed Momentum ETF 22.6 25 23 5.7 -5.1
AVDE Avantis International Equity ETF 21.9 23 25 10.2 -0.6
JPIN JPMorgan Diversified Return International Equity ETF 21.7 38 10 9.8 -1.0
LVIN Hartford Multifactor Low Volatility International Equity ETF 21.4 29 19 14.6 +3.9
UIVM VictoryShares USAA MSCI International Value Momentum ETF 21.1 35 13 10.7 -0.1

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 LargeCap 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 10.2 %
Divided by: Fwd. P/BV 0.9 x
Less: Expense ratio 48 bp
Equals: ALTAR Score 10.8 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.54 CATEGORY
AVERAGE		 1.58
 
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.