WisdomTree Midcap Dividend
ALTAR
Score™
7.0% info Recommen-
dation
OVERWEIGHT
2019E    2020E
P/E
ratio
16.0x P/Sales
ratio
1.3x
P/BV
ratio
2.1x Div.
yield
3.2%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
WisdomTree MidCap Dividend Fund seeks investment results that correspond to the performance of the WisdomTree MidCap Dividend Index. The Fund invests mid-cap companies that pay regular dividends.

FUND BASICS
Category US Equities
Fund Sponsor WisdomTree ETFs/USA
Website www.wisdomtree.com
Inception date Jun 16, 2006
Assets (mns) $4,053
Currency USD
Expense ratio 38 bp
Distributions Monthly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Bank of New York Mellon
Weighting Dividend
Index replication Optimized
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 397
Wgt avg mkt cap (mns) $8,105
Large cap (>$10bn) 27.6%
Mid cap ($2-10bn) 71.9%
Small cap (<$2bn) 0.5%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
TARGA RESOURCES CORP 1.5 %
COTY INC-CL A 1.2 %
WISDOMTREE LARGE CAP DIVIDEND 1.1 %
CAMPBELL SOUP CO 1.0 %
WESTERN UNION CO 1.0 %
JM SMUCKER CO/THE 0.9 %
WESTROCK CO. 0.8 %
TIFFANY & CO 0.8 %
AES CORP 0.8 %
BAKER HUGHES, A GE COMPANY CLASS A 0.8 %
Total 10.1 %

TOP COUNTRY EXPOSURE
UNITED STATES 98.7 %
PUERTO RICO 0.1 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
20.4% 8.8% 8.8% 13.8% 9.2%

Market Correlations
versus... Beta R-squared
S&P500 1.00 84%
MSCI EAFE 0.92 58%
MSCI Emg. Mkts. 0.63 44%

Technical Indicators
Recent close $37.06
30d moving avg. $37.21
Annualized volatility 13.2%
Short interest (ETF) 0.1%
Short interest (Underlying) 5.5%
Relative strength (RSI) 53

Liquidity measures
Avg. volume (thou.) 220
Turnover 0.2%
Bid/Ask (% of price) 0.05%
ADV underlying (mns) $22,113

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the WisdomTree Midcap Dividend ETF based on the alternatives' overlap in portfolio holdings with DON. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: DON Expense: 38 bp ALTAR Score™: 7.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH DON
Ticker Fund
Name
Overlap1
vs DON
(%)
Expense
ratio
(bp)
Savings
vs DON
(bp)
ALTAR
Score™
(%)
ALTAR
vs DON
(%)
RNMC First Trust Mid Cap US Equity Select 49.3 60 -22 6.6 -0.4
SCHM Schwab US Mid Cap 48.3 4 34 6.3 -0.7
OSIZ Invesco Russell 1000 Size Factor ETF 45.1 19 19 6.2 -0.8
SFYX SoFi Next 500 42.3 0 38 5.6 -1.4
FNX First Trust Mid Cap Core Alpadex 39.9 62 -24 6.6 -0.4
ONEY SPDR Russell 1000 Yield Focus 38.9 20 18 8.3 +1.3
EZM WisdomTree Midcap Earnings 38.8 38 0 7.7 +0.7
OMFL Oppenheimer Russell 1000 Dynamic Multifactor 38.5 29 9 9.4 +2.4
PSM Principal U.S. Small-MidCap Multi-Factor Core Index 36.9 20 18 6.9 -0.1
JPME JPMorgan Diversified Return U.S. Mid Cap Equity 36.6 24 14 6.1 -1.0
JHMM John Hancock Multifactor Mid Cap 35.8 44 -6 5.9 -1.1
IJH iShares Core S&P MidCap 35.3 7 31 6.3 -0.8
MDY S&P MidCap 400 SPDR 35.3 24 14 6.1 -1.0
IVOO Vanguard S&P Mid-Cap 400 35.2 15 23 6.2 -0.8
ONEV SPDR Russell 1000 Low Volatility Focus 35.0 20 18 6.9 -0.1
VBR Vanguard Small-Cap Value ETF 33.5 7 31 7.7 +0.6
EWMC Invesco S&P Mid Cap 400 Equal Weight 33.4 40 -2 6.6 -0.4
VB Vanguard Smallcap ETF 33.3 5 33 5.5 -1.5
FNK First Trust Mid Cap Value AlphaDEX 33.0 70 -32 8.9 +1.9
IWS iShares Russell Midcap Value 32.1 24 14 7.0 -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

  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 Midcap Dividend
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 14.4 %
Divided by: Fwd. P/BV 1.9 x
Less: Expense ratio 38 bp
Equals: ALTAR Score 7.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.69 CATEGORY
AVERAGE
1.56
 
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.