WisdomTree International LargeCap Dividend Fund
ALTAR
Score™		 8.8% info Recommen-
dation		 OVERWEIGHT
2020E    2021E
P/E
ratio		 17.1x P/Sales
ratio		 1.1x
P/BV
ratio		 1.1x Div.
yield		 4.0%


  • 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) $332
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 259
Wgt avg mkt cap (mns) $86,538
Large cap (>$10bn) 99.6%
Mid cap ($2-10bn) 0.4%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
NESTLE SA-REG 2.6 %
ROCHE HOLDING AG-GENUSSCHEIN 2.4 %
TOYOTA MOTOR CORP 2.1 %
NOVARTIS AG-REG 2.1 %
CHINA MOBILE LIMITED 1.9 %
BRITISH AMERICAN TOBACCO PLC 1.8 %
GLAXOSMITHKLINE PLC 1.5 %
SANOFI-AVENTIS 1.5 %
TOTAL SA 1.5 %
ASTRAZENECA PLC 1.5 %
Total 18.9 %

TOP COUNTRY EXPOSURE
JAPAN 20.6 %
BRITAIN 15.4 %
SWITZERLAND 12.7 %
GERMANY 11.1 %
FRANCE 9.9 %
AUSTRALIA 6.9 %
HONG KONG 6.1 %
SPAIN 3.7 %
NETHERLANDS 2.8 %
ITALY 2.3 %

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.
-11.3% -1.7% 2.5% 4.3% 2.1%

Market Correlations
versus... Beta R-squared
S&P500 0.75 74%
MSCI EAFE 0.93 95%
MSCI Emg. Mkts. 0.66 76%

Technical Indicators
Recent close $40.75
30d moving avg. $42.82
Annualized volatility 15.3%
Short interest (ETF) 0.0%
Relative strength (RSI) 45

Liquidity measures
Avg. volume (thou.) 23
Turnover 0.3%
Bid/Ask (% of price) 0.16%
ADV underlying (mns) $19,189

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™: 8.8%


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 70.6 48 0 8.5 -0.4
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 69.8 35 13 8.7 -0.1
EFA iShares MSCI EAFE ETF 56.4 32 16 7.1 -1.8
DTH WisdomTree DEFA Equity Income Fund 56.2 58 -10 10.1 +1.3
GSID Goldman Sachs MarketBeta International Equity ETF 56.1 20 28 7.4 -1.5
BKIE BNY Mellon International Equity ETF 55.9 4 44 7.4 -1.4
IDY Pacific Global International Equity Income ETF 54.8 39 9 8.1 -0.8
EFV iShares MSCI EAFE Value ETF 54.5 39 9 9.9 +1.1
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 54.3 35 13 6.9 -1.9
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 54.0 20 28 7.1 -1.7
ESGD iShares MSCI EAFE ESG Optimized ETF 53.6 20 28 7.0 -1.8
HFXI IQ 50 Percent Hedged FTSE International ETF 53.0 20 28 7.5 -1.4
IEV iShares Europe ETF 52.5 59 -11 7.0 -1.9
IQSI IQ Candriam ESG International Equity ETF 52.5 15 33 7.4 -1.5
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 51.5 30 18 0.0 -8.8
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 51.2 7 41 7.6 -1.3
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 50.9 45 3 9.1 +0.2
BBEU JPMorgan BetaBuilders Europe ETF 50.8 9 39 7.5 -1.3
FLEE Franklin FTSE Europe ETF 50.6 9 39 7.2 -1.7
DBEU Xtrackers MSCI Europe Hedged Equity ETF 50.3 45 3 6.7 -2.1
JHMD John Hancock Multifactor Developed International ETF 49.5 39 9 7.5 -1.4
IEFA iShares Core MSCI EAFE ETF 49.3 7 41 7.4 -1.5
FLEH Franklin FTSE Europe Hedged ETF 49.0 9 39 7.2 -1.6
IEUR iShares Core MSCI Europe ETF 48.8 9 39 7.4 -1.5
FNDF Schwab Fundamental International Large Co. Index ETF 48.6 25 23 8.9 +0.1
SCHF Schwab International Equity ETF 47.8 6 42 7.4 -1.4
QEFA SPDR MSCI EAFE Quality Mix ETF 47.8 30 18 6.9 -1.9
VGK Vanguard FTSE Europe ETF 47.6 8 40 7.6 -1.3
FEU SPDR Portfolio Europe ETF 47.4 9 39 7.4 -1.4
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 46.5 35 13 7.0 -1.9
IDEV iShares Core MSCI International Developed Markets ETF 43.9 5 43 7.3 -1.6
VYMI Vanguard International High Dividend Yield ETF 43.5 27 21 10.5 +1.6
PDEV Principal International Multi-Factor Core Index ETF 43.5 25 23 8.0 -0.9
SPDW SPDR Portfolio Developed World ex-US ETF 43.4 4 44 7.2 -1.6
VEA Vanguard FTSE Developed Markets ETF 42.9 5 43 7.5 -1.4
ISDX Invesco Strategic Developed ex-US ETF 42.8 23 25 7.5 -1.4
CWI SPDR MSCI ACWI ex-US ETF 42.6 30 18 7.3 -1.5
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 42.0 14 34 7.0 -1.9
VGFO Virtus WMC Global Factor Opportunities ETF 41.9 49 -1 8.1 -0.7
IQIN IQ 500 International ETF 41.7 25 23 8.8 -0.1
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 41.5 25 23 6.5 -2.3
DOO WisdomTree International Dividend ex-Financials Fund 40.6 58 -10 9.0 +0.1
GSIE Goldman Sachs ActiveBeta International Equity ETF 40.2 25 23 6.7 -2.1
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 39.7 30 18 0.0 -8.8
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 39.1 39 9 6.6 -2.2
ACWX iShares MSCI ACWI ex U.S. ETF 39.0 32 16 7.4 -1.5
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 38.0 40 8 7.1 -1.7
OEUR O'shares FTSE Europe Quality Dividend ETF 37.6 48 0 6.8 -2.0
VEU Vanguard FTSE All-World ex-US Index Fund 37.0 8 40 7.7 -1.2
IQLT iShares Edge MSCI Intl Quality Factor ETF 35.7 30 18 6.1 -2.8
CIL VictoryShares International Volatility Weighted Index ETF 34.1 45 3 6.7 -2.1
FIVA Fidelity International Value Factor ETF 34.1 39 9 9.9 +1.1
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 34.1 45 3 6.7 -2.1
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 34.0 39 9 8.4 -0.4
IXUS ishares Core MSCI Total International Stock ETF 33.9 9 39 7.5 -1.4
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 33.2 16 32 7.0 -1.8
VXUS Vanguard Total International Stock Index Fund 33.0 8 40 7.7 -1.2
EFG iShares MSCI EAFE Growth ETF 32.9 40 8 4.5 -4.4
EFAV iShares Edge MSCI Min Vol EAFE ETF 32.8 20 28 5.5 -3.4
RNDM Developed International Equity Select ETF 32.1 65 -17 6.3 -2.5
IVLU iShares Edge MSCI Intl Value Factor ETF 32.0 30 18 11.7 +2.8
VSGX Vanguard ESG International Stock ETF 31.4 17 31 7.2 -1.6
EZU iShares MSCI Eurozone ETF 31.1 49 -1 6.8 -2.1
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 30.4 45 3 6.9 -2.0
EURZ Xtrackers Eurozone Equity ETF 30.3 9 39 7.2 -1.6
IQDE FlexShares International Quality Dividend Defensive Index Fd 30.1 47 1 9.3 +0.4
FDEV Fidelity Targeted International Factor ETF 29.3 39 9 6.5 -2.4
RBIN Nationwide Risk-Based International Equity ETF 29.2 42 6 6.1 -2.8
NUDM Nuveen ESG International Developed Markets Equity ETF 29.0 40 8 6.8 -2.1
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 28.9 32 16 6.0 -2.8
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 28.8 20 28 11.6 +2.8
IPAC iShares Core MSCI Pacific ETF 28.7 9 39 7.2 -1.7
IGRO iShares International Dividend Growth ETF 28.6 22 26 8.2 -0.7
PQIN PGIM QMA Strategic Alpha International Equity ETF 28.4 29 19 7.6 -1.2
IMTM iShares Edge MSCI Intl Momentum Factor ETF 28.1 30 18 4.4 -4.5
IQDF FlexShares International Quality Dividend Index Fund 27.9 47 1 9.2 +0.3
TPIF Timothy Plan International ETF 27.2 62 -14 6.3 -2.5
VPL Vanguard FTSE Pacific ETF 27.1 8 40 7.5 -1.3
RFDI First Trust Riverfront Dynamic Developed International ETF 27.1 83 -35 5.7 -3.1
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 27.0 80 -32 6.6 -2.3
IDLV Invesco S&P International Developed Low Volatility ETF 26.1 25 23 6.6 -2.2
IQDY FlexShares International Quality Dividend Dynamic Index Fund 24.8 47 1 9.4 +0.5
IDHQ Invesco S&P International Developed Quality ETF 24.7 29 19 5.0 -3.8
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 24.6 20 28 9.9 +1.1
FIDI Fidelity International High Dividend ETF 24.6 39 9 11.6 +2.8
ESGG FlexShares STOXX Global ESG Impact Index Fund 24.1 42 6 6.1 -2.7
FEZ SPDR EURO STOXX 50 ETF 24.0 29 19 7.4 -1.4
MVIN Natixis Seeyond International Minimum Volatility ETF 23.8 56 -8 5.6 -3.2
IDMO Invesco S&P International Developed Momentum ETF 23.6 26 22 4.5 -4.3
RFEU First Trust Riverfront Dynamic Europe ETF 23.5 83 -35 5.9 -3.0
IOO iShares Global 100 ETF 23.4 40 8 6.2 -2.7
RODM Hartford Multifactor Developed Markets (ex-US) ETF 23.3 29 19 7.7 -1.1
DEW WisdomTree Global High Dividend Fund 23.3 58 -10 9.9 +1.0
QWLD SPDR MSCI World StrategicFactors ETF 22.0 30 18 6.5 -2.3
ISZE iShares Edge MSCI Intl Size Factor ETF 22.0 30 18 7.3 -1.6
SCID Global X Scientific Beta Europe ETF 21.9 39 9 6.5 -2.4
DGT SPDR Global Dow ETF 21.8 50 -2 6.9 -2.0
AVDE Avantis International Equity ETF 21.6 23 25 7.7 -1.1
EUDG WisdomTree Europe Quality Dividend Growth Fund 21.6 58 -10 6.0 -2.9

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 10.3 %
Divided by: Fwd. P/BV 1.1 x
Less: Expense ratio 48 bp
Equals: ALTAR Score 8.8 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.53 CATEGORY
AVERAGE		 1.57
 
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.