WisdomTree DEFA Fund
ALTAR
Score™
7.7% info Recommen-
dation
NEUTRAL
2019E    2020E
P/E
ratio
13.2x P/Sales
ratio
1.0x
P/BV
ratio
1.3x Div.
yield
4.3%


  • 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) $820
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 851
Wgt avg mkt cap (mns) $58,891
Large cap (>$10bn) 77.6%
Mid cap ($2-10bn) 17.1%
Small cap (<$2bn) 5.3%
Developed mkts 99.7%
Emerging mkts 0.4%

TOP TEN HOLDINGS
BP PLC 1.2 %
HSBC HOLDINGS PLC 1.2 %
NESTLE SA-REG 1.2 %
TOTAL SA 1.1 %
TOYOTA MOTOR CORP 1.1 %
ROYAL DUTCH SHELL PLC-A SHS 1.1 %
CHINA MOBILE LIMITED 1.1 %
NOVARTIS AG-REG 1.1 %
ROYAL DUTCH SHELL PLC-B SHS 1.0 %
ROCHE HOLDING AG-GENUSSCHEIN 1.0 %
Total 11.3 %

TOP COUNTRY EXPOSURE
JAPAN 20.7 %
BRITAIN 17.5 %
FRANCE 10.4 %
GERMANY 8.0 %
SWITZERLAND 7.2 %
AUSTRALIA 6.7 %
HONG KONG 5.1 %
SPAIN 3.8 %
ITALY 3.6 %
NETHERLANDS 2.9 %

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.
13.4% 8.1% 3.2% 5.2% 3.7%

Market Correlations
versus... Beta R-squared
S&P500 0.71 58%
MSCI EAFE 1.00 97%
MSCI Emg. Mkts. 0.69 76%

Technical Indicators
Recent close $51.73
30d moving avg. $51.46
Annualized volatility 11.2%
Short interest (ETF) 0.0%
Relative strength (RSI) 74

Liquidity measures
Avg. volume (thou.) 25
Turnover 0.2%
Bid/Ask (% of price) 0.14%
ADV underlying (mns) $38,439

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the WisdomTree DEFA 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™: 7.7%


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 Int'l Equity 84.4 35 13 7.9 +0.2
DOL WisdomTree Int'l Large Cap Dividend 68.5 48 0 7.8 +0.1
EFA iShares MSCI EAFE 66.1 31 17 7.0 -0.7
DBEF Xtrackers MSCI EAFE Hedged 65.1 35 13 6.9 -0.8
PBDM Invesco PureBeta FTSE Developed ex-North America 63.4 7 41 7.6 -0.1
HFXI IQ 50 Percent Hedged FTSE Int'l 63.1 20 28 7.3 -0.4
PXF Invesco FTSE-RAFI Developed ex-US 63.1 45 3 8.2 +0.5
IEFA iShares Core MSCI EAFE 62.7 7 41 7.1 -0.6
EFAX SPDR MSCI EAFE Fossil Fuel Free 61.7 20 28 7.2 -0.5
FNDF Schwab Fundamental Intl Large Cap 61.3 25 23 7.6 -0.2
SCHF Schwab International Equity 60.2 6 42 7.5 -0.3
JHMD John Hancock Multifactor Developed International 58.7 45 3 7.3 -0.4
IDEV iShares Core MSCI Int'l Developed Markets 58.5 5 43 7.2 -0.6
SPDW SPDR Portfolio World ex-US 57.2 4 44 7.2 -0.5
DTH WisdomTree DEFA Equity Income 56.0 58 -10 8.6 +0.9
VEA Vanguard Europe Pacific 55.8 5 43 7.4 -0.3
ESGD iShares MSCI EAFE ESG Optimized 55.6 20 28 6.9 -0.8
IEUR iShares Core MSCI Europe 53.6 9 39 6.9 -0.8
EFV iShares MSCI EAFE Value 53.6 38 10 9.1 +1.4
REFA Invesco International Revenue ETF 53.6 42 6 8.9 +1.2

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%.

Content on this tab for subscribers only**

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 DEFA Fund
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 10.2 %
Divided by: Fwd. P/BV 1.2 x
Less: Expense ratio 48 bp
Equals: ALTAR Score 7.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.65 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.