WisdomTree International Equity Fund
ALTAR
Score™		 7.2% info Recommen-
dation		 OVERWEIGHT
2020E    2021E
P/E
ratio		 17.3x P/Sales
ratio		 1.3x
P/BV
ratio		 1.4x Div.
yield		 3.6%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The fund seeks investment results that closely correspond to the price and yield performance, before fees and expenses, of the WisdomTree Dividend Index of Europe, Far East Asia and Australasia Index, a dividend-weighted version of the benchmark MSCI EAFE index.

FUND BASICS
Category International Equities
Fund Sponsor WisdomTree
Website www.wisdomtree.com
Inception date Jun 16, 2006
Assets (mns) $607
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 717
Wgt avg mkt cap (mns) $69,902
Large cap (>$10bn) 80.2%
Mid cap ($2-10bn) 15.1%
Small cap (<$2bn) 3.8%
Developed mkts 99.4%
Emerging mkts 0.1%

TOP TEN HOLDINGS
NOVARTIS AG-REG 2.5 %
NESTLE SA-REG 2.1 %
ROCHE HOLDING AG-GENUSSCHEIN 1.9 %
FORTESCUE METALS GROUP LTD 1.6 %
GLAXOSMITHKLINE PLC 1.5 %
BRITISH AMERICAN TOBACCO PLC 1.3 %
SANOFI-AVENTIS 1.2 %
RIO TINTO PLC 1.2 %
SOFTBANK CORP. 1.1 %
ALLIANZ SE-REG 1.0 %
Total 15.4 %

TOP COUNTRY EXPOSURE
JAPAN 23.9 %
BRITAIN 12.0 %
SWITZERLAND 11.9 %
GERMANY 10.1 %
AUSTRALIA 8.9 %
FRANCE 6.7 %
HONG KONG 5.1 %
SPAIN 2.9 %
ITALY 2.3 %
SINGAPORE 2.2 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-2.4% -2.4% 5.1% 4.3% 3.5%

Market Correlations
versus... Beta R-squared
S&P500 0.85 81%
MSCI EAFE 0.93 97%
MSCI Emg. Mkts. 0.74 79%

Technical Indicators
Recent close $52.14
30d moving avg. $51.19
Annualized volatility 17.7%
Short interest (ETF) 0.0%
Relative strength (RSI) 62

Liquidity measures
Avg. volume (thou.) 43
Turnover 0.4%
Bid/Ask (% of price) 0.18%
ADV underlying (mns) $45,381

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 97 potential alternatives to the WisdomTree International Equity Fund ETF based on the alternatives' overlap in portfolio holdings with DWM. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: DWM Expense: 48 bp ALTAR Score™: 7.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH DWM
Ticker Fund
Name		 Overlap1
vs DWM
(%)		 Expense
ratio
(bp)		 Savings
vs DWM
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs DWM
(%)
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 88.0 40 8 7.2 +0.1
DFAI Dimensional International Core Equity Market ETF 79.8 18 30 6.4 -0.8
DOL WisdomTree International LargeCap Dividend Fund 73.0 48 0 7.2 -0.0
EFA iShares MSCI EAFE ETF 55.9 32 16 6.2 -0.9
GSID Goldman Sachs MarketBeta International Equity ETF 55.1 20 28 6.3 -0.9
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 55.1 35 13 6.1 -1.1
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 54.8 20 28 6.4 -0.8
DTH WisdomTree International High Dividend Fund 53.9 58 -10 8.8 +1.6
HFXI IQ 50 Percent Hedged FTSE International ETF 53.5 20 28 6.4 -0.7
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 52.7 7 41 6.5 -0.6
IEFA iShares Core MSCI EAFE ETF 52.4 7 41 6.5 -0.7
ESGD iShares MSCI EAFE ESG Optimized ETF 52.1 20 28 6.2 -1.0
BKIE BNY Mellon International Equity ETF 51.4 4 44 6.6 -0.6
EFV iShares MSCI EAFE Value ETF 50.5 39 9 8.4 +1.3
IQSI IQ Candriam ESG International Equity ETF 50.2 15 33 6.4 -0.8
QEFA SPDR MSCI EAFE Quality Mix ETF 50.0 30 18 6.0 -1.2
JHMD John Hancock Multifactor Developed International ETF 49.9 39 9 6.6 -0.6
SCHF Schwab International Equity ETF 49.6 6 42 6.5 -0.7
IDEV iShares Core MSCI International Developed Markets ETF 48.3 5 43 6.5 -0.7
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 48.1 45 3 7.7 +0.5
PDEV Principal International Multi-Factor Core Index ETF 47.4 25 23 7.1 -0.1
SPDW SPDR Portfolio Developed World ex-US ETF 45.9 4 44 6.2 -1.0
VEA Vanguard FTSE Developed Markets ETF 45.5 5 43 6.6 -0.6
GSIE Goldman Sachs ActiveBeta International Equity ETF 45.2 25 23 6.0 -1.2
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 44.7 39 9 5.6 -1.6
FLEE Franklin FTSE Europe ETF 43.9 9 39 6.5 -0.7
FLEH Franklin FTSE Europe Hedged ETF 43.8 9 39 6.5 -0.7
BBEU JPMorgan BetaBuilders Europe ETF 43.5 9 39 6.7 -0.5
DBEU Xtrackers MSCI Europe Hedged Equity ETF 43.4 45 3 6.0 -1.2
IEUR iShares Core MSCI Europe ETF 43.4 9 39 6.6 -0.6
FNDF Schwab Fundamental International Large Co. Index ETF 43.2 25 23 7.7 +0.5
IEV iShares Europe ETF 43.2 59 -11 6.3 -0.9
SPEU SPDR Portfolio Europe ETF 43.1 9 39 6.8 -0.4
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 42.9 35 13 6.0 -1.2
VGK Vanguard FTSE Europe ETF 42.8 8 40 6.8 -0.4
VYMI Vanguard International High Dividend Yield ETF 42.2 27 21 9.0 +1.9
RESD WisdomTree International ESG Fund 40.1 30 18 6.5 -0.7
CWI SPDR MSCI ACWI ex-US ETF 40.0 30 18 6.2 -1.0
CIL VictoryShares International Volatility Weighted Index ETF 39.8 45 3 6.4 -0.8
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 39.7 45 3 6.4 -0.8
VSGX Vanguard ESG International Stock ETF 39.1 17 31 6.3 -0.9
ACWX iShares MSCI ACWI ex U.S. ETF 39.0 32 16 6.3 -0.9
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 38.9 14 34 6.1 -1.1
VWID Virtus WMC International Dividend ETF 38.6 49 -1 7.4 +0.2
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 38.4 25 23 5.9 -1.3
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 38.4 40 8 6.1 -1.1
VEU Vanguard FTSE All-World ex-US Index Fund 37.8 8 40 6.7 -0.5
ISDX Invesco RAFI Strategic Developed ex-US ETF 37.4 23 25 6.3 -0.9
IQIN IQ 500 International ETF 37.1 25 23 7.7 +0.5
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 36.5 39 9 7.4 +0.3
IXUS ishares Core MSCI Total International Stock ETF 35.7 9 39 6.4 -0.8
DMXF iShares ESG Advanced MSCI EAFE ETF 35.4 12 36 6.2 -1.0
PQIN PGIM QMA Strategic Alpha International Equity ETF 35.0 29 19 7.1 -0.1
ISZE iShares Edge MSCI Intl Size Factor ETF 34.8 30 18 6.3 -0.9
IQLT iShares Edge MSCI Intl Quality Factor ETF 34.7 30 18 5.2 -2.0
AVDE Avantis International Equity ETF 34.7 23 25 6.9 -0.3
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 32.6 16 32 6.0 -1.2
IPAC iShares Core MSCI Pacific ETF 31.7 9 39 6.3 -0.9
DOO WisdomTree International Dividend ex-Financials Fund 31.4 58 -10 7.7 +0.5
IVLU iShares Edge MSCI Intl Value Factor ETF 31.4 30 18 10.0 +2.9
TPIF Timothy Plan International ETF 31.3 62 -14 6.1 -1.1
EFAV iShares Edge MSCI Min Vol EAFE ETF 31.1 20 28 5.0 -2.2
EUDG WisdomTree Europe Quality Dividend Growth Fund 31.1 58 -10 6.5 -0.7
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 30.9 24 24 6.5 -0.7
VPL Vanguard FTSE Pacific ETF 30.8 8 40 6.4 -0.8
HDAW Xtrackers MSCI All World ex US High Dividend Yield Equity ET 30.4 20 28 9.4 +2.3
RNDM First Trust Developed International Equity Select ETF 30.2 65 -17 5.7 -1.5
RBIN Nationwide Risk-Based International Equity ETF 30.1 42 6 6.0 -1.1
VXUS Vanguard Total International Stock ETF 29.8 8 40 6.6 -0.6
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 29.8 20 28 8.4 +1.2
RODM Hartford Multifactor Developed Markets (ex-US) ETF 29.8 29 19 7.3 +0.1
JPIN JPMorgan Diversified Return International Equity ETF 29.0 37 11 7.0 -0.2
FDEV Fidelity Targeted International Factor ETF 28.9 39 9 6.2 -1.0
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 28.6 32 16 5.7 -1.5
EFG iShares MSCI EAFE Growth ETF 27.8 40 8 4.1 -3.1
IDLB Invesco FTSE International Low Beta Equal Weight ETF 27.3 45 3 6.1 -1.1
IDLV Invesco S&P International Developed Low Volatility ETF 27.3 25 23 6.2 -1.0
FIVA Fidelity International Value Factor ETF 26.9 39 9 8.8 +1.6
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 26.7 80 -32 6.0 -1.2
NUDM Nuveen ESG International Developed Markets Equity ETF 26.7 40 8 5.9 -1.3
DEW WisdomTree Global High Dividend Fund 26.4 58 -10 8.8 +1.6
IQDE FlexShares International Quality Dividend Defensive Index ET 25.2 47 1 7.8 +0.6
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 25.0 45 3 6.0 -1.1
QINT American Century Quality Diversified International ETF 24.7 39 9 5.7 -1.5
IQDF FlexShares International Quality Dividend Index Fund 24.2 47 1 7.9 +0.7
DWMF WisdomTree International Multifactor Fund 24.1 38 10 6.2 -1.0
OEUR O'shares FTSE Europe Quality Dividend ETF 24.0 48 0 5.1 -2.1
QWLD SPDR MSCI World StrategicFactors ETF 23.8 30 18 5.4 -1.8
IDHQ Invesco S&P International Developed Quality ETF 23.6 29 19 4.7 -2.5
EZU iShares MSCI Eurozone ETF 23.4 51 -3 6.0 -1.2
EURZ Xtrackers Eurozone Equity ETF 23.4 9 39 6.6 -0.6
ESGG FlexShares STOXX Global ESG Impact Index Fund 23.3 42 6 4.6 -2.6
IGRO iShares International Dividend Growth ETF 23.2 15 33 7.0 -0.2
IQDY FlexShares International Quality Dividend Dynamic Index Fund 22.3 47 1 8.2 +1.0
LVHI Legg Mason International Low Volatility High Dividend ETF 22.2 40 8 9.0 +1.8
RFDI First Trust Riverfront Dynamic Developed International ETF 22.1 83 -35 5.1 -2.1
IDOG ALPS International Sector Dividend Dogs ETF 21.7 50 -2 8.2 +1.0

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 Equity 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 10.5 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 48 bp
Equals: ALTAR Score 7.2 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.54 CATEGORY
AVERAGE		 1.54
 
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.