WisdomTree DEFA Equity Income
ALTAR
Score™
8.6% info Recommen-
dation
OVERWEIGHT
2019E    2020E
P/E
ratio
11.8x P/Sales
ratio
0.9x
P/BV
ratio
1.2x Div.
yield
5.3%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
WisdomTree DEFA Equity Income Fund seeks investment results that correspond to the performance of the WisdomTree DIEFA Equity Income Index.

FUND BASICS
Category International Equities
Fund Sponsor WisdomTree ETFs/USA
Website www.wisdomtree.com
Inception date Jun 16, 2006
Assets (mns) $224
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 482
Wgt avg mkt cap (mns) $52,915
Large cap (>$10bn) 79.7%
Mid cap ($2-10bn) 17.4%
Small cap (<$2bn) 2.9%
Developed mkts 99.9%
Emerging mkts 0.1%

TOP TEN HOLDINGS
BP PLC 2.3 %
CHINA MOBILE LIMITED 2.3 %
ROYAL DUTCH SHELL PLC-A SHS 2.3 %
TOTAL SA 2.2 %
BRITISH AMERICAN TOBACCO PLC 1.8 %
GLAXOSMITHKLINE PLC 1.7 %
HSBC HOLDINGS PLC 1.5 %
SANOFI-AVENTIS 1.3 %
NTT DOCOMO, INC. 1.2 %
DAIMLER AG-REGISTERED SHARES 1.2 %
Total 17.9 %

TOP COUNTRY EXPOSURE
BRITAIN 22.6 %
JAPAN 13.8 %
GERMANY 10.3 %
FRANCE 10.2 %
AUSTRALIA 7.9 %
HONG KONG 5.7 %
SPAIN 4.9 %
ITALY 4.6 %
SWITZERLAND 3.6 %
SINGAPORE 2.5 %

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.
12.9% 8.0% 2.0% 4.2% 2.8%

Market Correlations
versus... Beta R-squared
S&P500 0.68 52%
MSCI EAFE 0.99 93%
MSCI Emg. Mkts. 0.68 71%

Technical Indicators
Recent close $40.67
30d moving avg. $40.03
Annualized volatility 11.4%
Short interest (ETF) 0.1%
Relative strength (RSI) 75

Liquidity measures
Avg. volume (thou.) 32
Turnover 0.6%
Bid/Ask (% of price) 0.15%
ADV underlying (mns) $18,676

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: DTH Expense: 58 bp ALTAR Score™: 8.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH DTH
Ticker Fund
Name
Overlap1
vs DTH
(%)
Expense
ratio
(bp)
Savings
vs DTH
(bp)
ALTAR
Score™
(%)
ALTAR
vs DTH
(%)
EFV iShares MSCI EAFE Value 60.6 38 20 9.0 +0.4
DOL WisdomTree Int'l Large Cap Dividend 60.0 48 10 7.7 -0.9
DDWM WisdomTree Dynamic Currency Hedged Int'l Equity 56.9 35 23 7.9 -0.7
DWM WisdomTree DEFA Fund 56.2 48 10 7.7 -0.9
VYMI Vanguard Int'l High Dividend Yield 50.9 32 26 9.3 +0.7
PXF Invesco FTSE-RAFI Developed ex-US 45.1 45 13 8.2 -0.4
FNDF Schwab Fundamental Intl Large Cap 43.1 25 33 7.5 -1.1
DOO WisdomTree Int'l Dividend Ex-Financials 42.5 58 0 8.1 -0.5
IEV iShares S&P Europe 350 40.7 59 -1 6.4 -2.2
BBEU JPMorgan BetaBuilders Europe 40.2 9 49 6.9 -1.7
REFA Invesco International Revenue ETF 40.2 42 16 8.8 +0.2
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE 40.0 30 28 6.7 -1.9
FLEE Franklin FTSE Europe 39.8 9 49 6.9 -1.7
RIDV Invesco International Ultra Dividend Revenue ETF 39.5 42 16 9.1 +0.5
FLEH Franklin FTSE Europe Hedged 39.4 9 49 6.9 -1.7
DBEU Xtrackers Europe Hedged 39.4 45 13 6.5 -2.1
IEUR iShares Core MSCI Europe 38.3 9 49 6.9 -1.7
EFA iShares MSCI EAFE 37.8 31 27 7.0 -1.6
VGK Vanguard FTSE Europe 37.5 9 49 7.0 -1.6
ESGD iShares MSCI EAFE ESG Optimized 36.9 20 38 6.9 -1.7

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 DEFA Equity Income
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 10.4 %
Divided by: Fwd. P/BV 1.1 x
Less: Expense ratio 58 bp
Equals: ALTAR Score 8.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.67 CATEGORY
AVERAGE
1.63
 
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.