WisdomTree Dividend Ex-Financials
ALTAR
Score™
7.7% info Recommen-
dation
OVERWEIGHT
2019E    2020E
P/E
ratio
14.8x P/Sales
ratio
1.0x
P/BV
ratio
2.2x Div.
yield
3.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
WisdomTree Dividend ex-Financials Fund seeks investment results that correspond to the performance of the WT Dividend ex-Financial Index.

FUND BASICS
Category US Equities
Fund Sponsor WisdomTree ETFs/USA
Website www.wisdomtree.com
Inception date Jun 16, 2006
Assets (mns) $817
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 92
Wgt avg mkt cap (mns) $65,697
Large cap (>$10bn) 88.1%
Mid cap ($2-10bn) 11.9%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
GENERAL ELECTRIC CO 2.8 %
CENTURYTEL INC 2.7 %
AT&T INC 2.2 %
TARGA RESOURCES CORP 2.0 %
QUALCOMM INC 1.8 %
FORD MOTOR CO 1.8 %
SOUTHERN CO 1.7 %
ONEOK INC 1.7 %
GENERAL MILLS INC 1.7 %
LAS VEGAS SANDS CORP 1.7 %
Total 20.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 99.6 %










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.
17.0% 7.2% 6.8% 12.8% 8.0%

Market Correlations
versus... Beta R-squared
S&P500 1.00 91%
MSCI EAFE 0.88 59%
MSCI Emg. Mkts. 0.57 41%

Technical Indicators
Recent close $90.32
30d moving avg. $87.53
Annualized volatility 12.6%
Short interest (ETF) 0.3%
Short interest (Underlying) 3.7%
Relative strength (RSI) 59

Liquidity measures
Avg. volume (thou.) 22
Turnover 0.2%
Bid/Ask (% of price) 0.07%
ADV underlying (mns) $25,754

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: DTN Expense: 38 bp ALTAR Score™: 7.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH DTN
Ticker Fund
Name
Overlap1
vs DTN
(%)
Expense
ratio
(bp)
Savings
vs DTN
(bp)
ALTAR
Score™
(%)
ALTAR
vs DTN
(%)
DVY iShares Select Dividend 48.1 39 -1 7.9 +0.2
SDOG ALPS Sector Dividend Dogs 46.6 40 -2 9.1 +1.4
SPYD SPDR Portfolio S&P 500 High Dividend 45.6 7 31 9.0 +1.3
DHS WisdomTree Equity Income 42.1 38 0 7.2 -0.5
CDC Victory CEMP US EQ Income Enhanced Volatility Wtd 40.8 35 3 7.7 -0.0
CDL Victory CEMP US Large Cap High Div Volatility Wtd 40.6 35 3 7.7 -0.0
RNDV US Equity Dividend Select 39.7 50 -12 7.7 -0.1
USDY Pacific Global US Equity Income 39.1 29 9 7.5 -0.2
OYLD Invesco Russell 1000 Yield Factor ETF 38.7 19 19 7.0 -0.7
JDIV JPMorgan U.S. Dividend 38.0 12 26 7.4 -0.3
VYM Vanguard High Dividend Yield ETF 36.9 6 32 7.2 -0.5
SPDV AAM S&P 500 High Dividend Value 36.8 29 9 10.6 +2.9
FDRR Fidelity Dividend for Rising Rates 35.8 29 9 7.8 +0.1
DLN WisdomTree Large Cap Dividend 34.8 28 10 6.5 -1.2
SPHD Invesco S&P 500 High Dividend 34.4 30 8 7.8 +0.1
EQWL Invesco Fundamental Pure Large Core 32.5 25 13 6.3 -1.4
FDVV Fidelity Core Dividend 32.5 29 9 7.3 -0.4
DTD WisdomTree Total Dividend 32.0 28 10 6.6 -1.2
FDL First Trust Morningstar Dividend Leaders 31.5 45 -7 8.4 +0.7
SCHV Schwab U.S. Large-Cap Value 31.4 4 34 6.9 -0.8

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

Content on this tab for subscribers only

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 Dividend Ex-Financials
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 16.9 %
Divided by: Fwd. P/BV 2.1 x
Less: Expense ratio 38 bp
Equals: ALTAR Score 7.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.67 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.