WisdomTree International LargeCap Dividend Fund
ALTAR
Score™		 8.3% info Recommen-
dation		 OVERWEIGHT
2020E    2021E
P/E
ratio		 18.1x P/Sales
ratio		 1.2x
P/BV
ratio		 1.2x Div.
yield		 3.7%


  • 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) $345
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 272
Wgt avg mkt cap (mns) $79,623
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
NOVARTIS AG-REG 3.2 %
NESTLE SA-REG 3.1 %
ROCHE HOLDING AG-GENUSSCHEIN 2.5 %
GLAXOSMITHKLINE PLC 2.1 %
CHINA MOBILE LIMITED 2.0 %
BRITISH AMERICAN TOBACCO PLC 1.8 %
SANOFI-AVENTIS 1.8 %
FORTESCUE METALS GROUP LTD 1.5 %
SOFTBANK CORP. 1.5 %
ALLIANZ SE-REG 1.4 %
Total 21.0 %

TOP COUNTRY EXPOSURE
JAPAN 20.4 %
SWITZERLAND 14.5 %
BRITAIN 12.8 %
GERMANY 11.8 %
FRANCE 8.3 %
AUSTRALIA 8.1 %
HONG KONG 7.1 %
SPAIN 2.9 %
NETHERLANDS 2.7 %
ITALY 2.1 %

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.
-17.6% -14.1% 0.7% 2.1% 1.5%

Market Correlations
versus... Beta R-squared
S&P500 0.75 75%
MSCI EAFE 0.93 96%
MSCI Emg. Mkts. 0.66 74%

Technical Indicators
Recent close $44.75
30d moving avg. $42.30
Annualized volatility 15.5%
Short interest (ETF) 0.0%
Relative strength (RSI) 61

Liquidity measures
Avg. volume (thou.) 28
Turnover 0.4%
Bid/Ask (% of price) 0.17%
ADV underlying (mns) $23,557

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 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™: 8.3%


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 73.9 48 0 7.9 -0.4
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 72.9 35 13 8.2 -0.1
DTH WisdomTree DEFA Equity Income Fund 56.7 58 -10 9.3 +1.0
EFA iShares MSCI EAFE ETF 52.9 32 16 6.4 -1.9
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 52.7 20 28 6.5 -1.9
IDY Pacific Global International Equity Income ETF 52.7 39 9 8.7 +0.4
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 52.5 35 13 6.4 -2.0
GSID Goldman Sachs MarketBeta International Equity ETF 52.4 20 28 6.7 -1.7
BKIE BNY Mellon International Equity ETF 51.9 4 44 6.7 -1.6
IQSI IQ Candriam ESG International Equity ETF 51.2 15 33 6.8 -1.6
ESGD iShares MSCI EAFE ESG Optimized ETF 51.0 20 28 6.3 -2.1
HFXI IQ 50 Percent Hedged FTSE International ETF 50.0 20 28 6.8 -1.5
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 48.3 7 41 6.8 -1.5
IEV iShares Europe ETF 47.3 59 -11 6.3 -2.0
QEFA SPDR MSCI EAFE Quality Mix ETF 46.7 30 18 6.2 -2.1
DBEU Xtrackers MSCI Europe Hedged Equity ETF 46.7 45 3 6.2 -2.1
IEFA iShares Core MSCI EAFE ETF 46.6 7 41 6.6 -1.7
EFV iShares MSCI EAFE Value ETF 46.4 39 9 8.5 +0.2
BBEU JPMorgan BetaBuilders Europe ETF 46.3 9 39 6.8 -1.6
FLEH Franklin FTSE Europe Hedged ETF 45.7 9 39 6.7 -1.7
JHMD John Hancock Multifactor Developed International ETF 45.7 39 9 6.7 -1.6
FLEE Franklin FTSE Europe ETF 45.5 9 39 6.5 -1.8
SCHF Schwab International Equity ETF 45.1 6 42 6.7 -1.6
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 44.5 35 13 6.2 -2.1
IEUR iShares Core MSCI Europe ETF 43.1 9 39 6.7 -1.6
FEU SPDR Portfolio Europe ETF 42.9 9 39 6.8 -1.6
IDEV iShares Core MSCI International Developed Markets ETF 42.5 5 43 6.6 -1.7
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 42.5 45 3 7.8 -0.5
VGK Vanguard FTSE Europe ETF 42.4 8 40 6.8 -1.5
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 42.3 14 34 6.3 -2.0
VGFO Virtus WMC Global Factor Opportunities ETF 41.8 49 -1 7.4 -0.9
PDEV Principal International Multi-Factor Core Index ETF 41.7 25 23 7.2 -1.2
CIL VictoryShares International Volatility Weighted Index ETF 41.2 45 3 6.4 -1.9
SPDW SPDR Portfolio Developed World ex-US ETF 40.8 4 44 6.5 -1.9
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 40.3 25 23 6.1 -2.3
VEA Vanguard FTSE Developed Markets ETF 40.3 5 43 6.8 -1.6
GSIE Goldman Sachs ActiveBeta International Equity ETF 40.1 25 23 6.2 -2.1
DOO WisdomTree International Dividend ex-Financials Fund 39.8 58 -10 8.4 +0.0
FNDF Schwab Fundamental International Large Co. Index ETF 39.3 25 23 7.8 -0.5
RESD WisdomTree International ESG Fund 39.3 30 18 6.3 -2.0
CWI SPDR MSCI ACWI ex-US ETF 39.1 30 18 6.6 -1.7
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 38.7 45 3 6.4 -1.9
VYMI Vanguard International High Dividend Yield ETF 38.4 27 21 9.3 +0.9
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 37.6 39 9 6.0 -2.4
IQLT iShares Edge MSCI Intl Quality Factor ETF 37.3 30 18 5.6 -2.8
EUDG WisdomTree Europe Quality Dividend Growth Fund 36.5 58 -10 5.7 -2.6
ACWX iShares MSCI ACWI ex U.S. ETF 36.3 32 16 6.7 -1.7
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 35.9 40 8 6.5 -1.8
OEUR O'shares FTSE Europe Quality Dividend ETF 35.6 48 0 6.6 -1.7
EFG iShares MSCI EAFE Growth ETF 35.4 40 8 4.3 -4.1
IQIN IQ 500 International ETF 35.1 25 23 7.6 -0.7
ISDX Invesco Strategic Developed ex-US ETF 34.9 23 25 6.4 -1.9
VEU Vanguard FTSE All-World ex-US Index Fund 33.9 8 40 6.9 -1.4
VSGX Vanguard ESG International Stock ETF 33.6 17 31 6.6 -1.7
EFAV iShares Edge MSCI Min Vol EAFE ETF 32.8 20 28 5.1 -3.2
RBIN Nationwide Risk-Based International Equity ETF 32.6 42 6 6.1 -2.3
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 32.4 16 32 6.3 -2.0
DMXF iShares ESG Advanced MSCI EAFE ETF 32.4 12 36 6.4 -2.0
FIVA Fidelity International Value Factor ETF 32.4 39 9 9.0 +0.6
IGRO iShares International Dividend Growth ETF 32.0 22 26 7.6 -0.7
IXUS ishares Core MSCI Total International Stock ETF 32.0 9 39 6.8 -1.5
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 31.5 32 16 5.7 -2.6
TPIF Timothy Plan International ETF 30.9 62 -14 6.1 -2.3
FDEV Fidelity Targeted International Factor ETF 30.3 39 9 6.2 -2.1
IMTM iShares Edge MSCI Intl Momentum Factor ETF 30.2 30 18 4.3 -4.0
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 29.4 39 9 7.2 -1.1
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 29.4 80 -32 6.2 -2.1
NUDM Nuveen ESG International Developed Markets Equity ETF 29.0 40 8 6.1 -2.2
IDLV Invesco S&P International Developed Low Volatility ETF 28.9 25 23 6.2 -2.1
IPAC iShares Core MSCI Pacific ETF 28.7 9 39 6.5 -1.8
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 28.6 20 28 10.3 +2.0
EZU iShares MSCI Eurozone ETF 28.5 49 -1 6.0 -2.4
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 28.2 45 3 6.1 -2.2
IVLU iShares Edge MSCI Intl Value Factor ETF 28.2 30 18 10.3 +1.9
PQIN PGIM QMA Strategic Alpha International Equity ETF 28.2 29 19 7.2 -1.1
IDHQ Invesco S&P International Developed Quality ETF 28.1 29 19 4.7 -3.6
IQDE FlexShares International Quality Dividend Defensive Index Fd 27.9 47 1 8.2 -0.1
RNDM Developed International Equity Select ETF 27.7 65 -17 5.7 -2.6
VXUS Vanguard Total International Stock Index Fund 27.7 8 40 6.9 -1.4
EURZ Xtrackers Eurozone Equity ETF 27.5 9 39 6.4 -2.0
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 27.0 20 28 8.8 +0.5
VPL Vanguard FTSE Pacific ETF 27.0 8 40 6.7 -1.6
RFEU First Trust Riverfront Dynamic Europe ETF 26.6 83 -35 5.6 -2.7
IQDF FlexShares International Quality Dividend Index Fund 26.3 47 1 8.2 -0.1
AVDE Avantis International Equity ETF 25.4 23 25 7.0 -1.4
RODM Hartford Multifactor Developed Markets (ex-US) ETF 24.4 29 19 7.3 -1.1
IQDG WisdomTree International Quality Dividend Growth Fund 24.2 42 6 6.0 -2.3
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 24.2 58 -10 5.9 -2.4
RFDI First Trust Riverfront Dynamic Developed International ETF 24.2 83 -35 5.2 -3.2
DWMF WisdomTree International Multifactor Fund 24.1 38 10 6.2 -2.2
CID VictoryShares Intl High Dividend Volatility Wtd Index ETF 23.4 45 3 9.8 +1.5
LVHI Legg Mason International Low Volatility High Dividend ETF 23.4 40 8 8.8 +0.5
JPIN JPMorgan Diversified Return International Equity ETF 22.8 37 11 7.2 -1.1
ISZE iShares Edge MSCI Intl Size Factor ETF 22.7 30 18 6.5 -1.9
MVIN Natixis Seeyond International Minimum Volatility ETF 22.5 56 -8 5.5 -2.8
DEW WisdomTree Global High Dividend Fund 22.3 58 -10 8.9 +0.6
ESGG FlexShares STOXX Global ESG Impact Index Fund 22.1 42 6 4.8 -3.5
IDMO Invesco S&P International Developed Momentum ETF 21.5 26 22 3.9 -4.4

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 1.2 x
Less: Expense ratio 48 bp
Equals: ALTAR Score 8.3 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.51 CATEGORY
AVERAGE		 1.55
 
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.