WisdomTree International Equity Fund
ALTAR
Score™		 8.2% info Recommen-
dation		 OVERWEIGHT
2020E    2021E
P/E
ratio		 16.6x P/Sales
ratio		 1.0x
P/BV
ratio		 1.1x Div.
yield		 3.8%


  • 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) $623
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 724
Wgt avg mkt cap (mns) $57,107
Large cap (>$10bn) 76.3%
Mid cap ($2-10bn) 18.2%
Small cap (<$2bn) 5.6%
Developed mkts 99.6%
Emerging mkts 0.4%

TOP TEN HOLDINGS
NESTLE SA-REG 1.7 %
ROCHE HOLDING AG-GENUSSCHEIN 1.6 %
NOVARTIS AG-REG 1.4 %
TOYOTA MOTOR CORP 1.4 %
BRITISH AMERICAN TOBACCO PLC 1.4 %
CHINA MOBILE LIMITED 1.4 %
GLAXOSMITHKLINE PLC 1.1 %
TOTAL SA 1.1 %
SANOFI-AVENTIS 1.0 %
BP PLC 1.0 %
Total 12.9 %

TOP COUNTRY EXPOSURE
JAPAN 24.7 %
BRITAIN 14.2 %
SWITZERLAND 9.5 %
GERMANY 8.7 %
FRANCE 7.8 %
AUSTRALIA 7.0 %
HONG KONG 5.9 %
SPAIN 3.1 %
ITALY 2.7 %
NETHERLANDS 2.2 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-18.3% -8.5% -0.7% 4.7% 2.4%

Market Correlations
versus... Beta R-squared
S&P500 0.83 79%
MSCI EAFE 1.00 97%
MSCI Emg. Mkts. 0.74 83%

Technical Indicators
Recent close $45.63
30d moving avg. $41.98
Annualized volatility 15.8%
Short interest (ETF) 0.0%
Relative strength (RSI) 67

Liquidity measures
Avg. volume (thou.) 103
Turnover 0.8%
Bid/Ask (% of price) 0.21%
ADV underlying (mns) $44,422

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 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™: 8.2%


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 85.1 35 13 8.6 +0.4
DOL WisdomTree International LargeCap Dividend Fund 68.9 48 0 8.5 +0.3
EFA iShares MSCI EAFE ETF 61.3 32 16 7.2 -1.1
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 60.6 35 13 7.0 -1.2
HFXI IQ 50 Percent Hedged FTSE International ETF 59.1 20 28 7.5 -0.7
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 58.4 7 41 7.6 -0.7
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 57.5 20 28 7.3 -1.0
IEFA iShares Core MSCI EAFE ETF 57.4 7 41 7.3 -0.9
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 56.8 45 3 8.8 +0.6
FNDF Schwab Fundamental International Large Co. Index ETF 55.9 25 23 8.7 +0.4
JHMD John Hancock Multifactor Developed International ETF 55.7 45 3 7.4 -0.8
SCHF Schwab International Equity ETF 55.2 6 42 7.4 -0.8
IDEV iShares Core MSCI International Developed Markets ETF 53.1 5 43 7.3 -1.0
SPDW SPDR Portfolio Developed World ex-US ETF 52.5 4 44 7.2 -1.0
IQSI IQ Candriam ESG International Equity ETF 51.8 15 33 7.3 -0.9
ESGD iShares MSCI EAFE ESG Optimized ETF 51.4 20 28 7.2 -1.1
DTH WisdomTree DEFA Equity Income Fund 51.2 58 -10 9.6 +1.3
IDY Pacific Global International Equity Income ETF 50.8 39 9 8.0 -0.2
VEA Vanguard FTSE Developed Markets ETF 50.4 5 43 7.4 -0.8
QEFA SPDR MSCI EAFE Quality Mix ETF 49.9 30 18 6.8 -1.5
EFV iShares MSCI EAFE Value ETF 49.7 39 9 10.0 +1.8
PDEV Principal International Multi-Factor Core Index ETF 48.1 25 23 7.9 -0.4
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 47.7 39 9 6.7 -1.6
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 47.7 30 18 6.8 -1.4
IEUR iShares Core MSCI Europe ETF 47.4 9 39 7.3 -1.0
FLEE Franklin FTSE Europe ETF 47.4 9 39 7.0 -1.2
FLEH Franklin FTSE Europe Hedged ETF 47.2 9 39 7.2 -1.1
BBEU JPMorgan BetaBuilders Europe ETF 47.0 9 39 7.3 -1.0
GSIE Goldman Sachs ActiveBeta International Equity ETF 46.9 25 23 6.8 -1.4
DBEU Xtrackers MSCI Europe Hedged Equity ETF 46.7 45 3 6.8 -1.5
CWI SPDR MSCI ACWI ex-US ETF 46.7 30 18 7.6 -0.6
IEV iShares Europe ETF 46.5 59 -11 6.8 -1.4
VGK Vanguard FTSE Europe ETF 46.2 8 40 7.3 -1.0
FEU SPDR Portfolio Europe ETF 46.1 9 39 7.3 -1.0
ACWX iShares MSCI ACWI ex U.S. ETF 46.0 32 16 7.5 -0.7
VYMI Vanguard International High Dividend Yield ETF 45.4 32 16 10.1 +1.9
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 45.1 40 8 7.4 -0.8
ISDX Invesco Strategic Developed ex-US ETF 44.4 23 25 7.4 -0.8
VEU Vanguard FTSE All-World ex-US Index Fund 43.8 8 40 7.7 -0.5
IQIN IQ 500 International ETF 43.3 25 23 9.0 +0.7
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 42.2 39 9 9.1 +0.8
IXUS ishares Core MSCI Total International Stock ETF 42.0 9 39 7.6 -0.7
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 41.9 25 23 6.7 -1.5
VXUS Vanguard Total International Stock Index Fund 40.7 8 40 7.7 -0.5
CIL VictoryShares International Volatility Weighted Index ETF 40.1 45 3 6.7 -1.5
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 40.0 14 34 7.0 -1.2
RFDI First Trust Riverfront Dynamic Developed International ETF 38.6 83 -35 6.3 -1.9
ISZE iShares Edge MSCI Intl Size Factor ETF 38.1 30 18 6.9 -1.3
VSGX Vanguard ESG International Stock ETF 37.3 17 31 7.4 -0.8
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 36.2 48 0 0.0 -8.2
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 36.2 16 32 7.1 -1.1
EFG iShares MSCI EAFE Growth ETF 34.6 40 8 4.7 -3.5
EFAV iShares Edge MSCI Min Vol EAFE ETF 33.2 20 28 5.9 -2.4
IQLT iShares Edge MSCI Intl Quality Factor ETF 33.1 30 18 6.2 -2.0
RNDM Developed International Equity Select ETF 32.7 65 -17 6.4 -1.9
PQIN PGIM QMA Strategic Alpha International Equity ETF 32.4 29 19 8.1 -0.2
IPAC iShares Core MSCI Pacific ETF 31.8 9 39 7.5 -0.7
AVDE Avantis International Equity ETF 31.5 23 25 7.9 -0.4
OEUR O'shares FTSE Europe Quality Dividend ETF 31.5 48 0 6.6 -1.6
DOO WisdomTree International Dividend ex-Financials Fund 31.5 58 -10 8.7 +0.5
VPL Vanguard FTSE Pacific ETF 31.4 8 40 7.8 -0.4
JPEU JPMorgan Diversified Return Europe Equity ETF 31.4 37 11 6.8 -1.4
TPIF Timothy Plan International ETF 30.9 62 -14 7.0 -1.2
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 30.2 24 24 7.2 -1.0
EUMV iShares Edge MSCI Min Vol Europe ETF 29.3 25 23 5.5 -2.8
IVLU iShares Edge MSCI Intl Value Factor ETF 29.2 30 18 11.3 +3.1
RODM Hartford Multifactor Developed Markets (ex-US) ETF 29.2 29 19 8.6 +0.4
SCID Global X Scientific Beta Europe ETF 28.6 38 10 6.9 -1.4
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 28.3 45 3 6.9 -1.3
JPIN JPMorgan Diversified Return International Equity ETF 28.2 38 10 8.0 -0.3
FDEV Fidelity Targeted International Factor ETF 28.1 39 9 6.5 -1.7
RBIN Nationwide Risk-Based International Equity ETF 27.7 42 6 6.5 -1.8
IMTM iShares Edge MSCI Intl Momentum Factor ETF 27.6 30 18 5.0 -3.3
QINT American Century Quality Diversified International ETF 27.3 39 9 5.9 -2.3
JPGE JPMorgan Diversified Return Global Equity ETF 27.1 29 19 7.3 -0.9
RFEU First Trust Riverfront Dynamic Europe ETF 27.1 83 -35 5.0 -3.3
DEW WisdomTree Global High Dividend Fund 26.7 58 -10 9.0 +0.8
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 26.4 45 3 6.8 -1.5
IGRO iShares International Dividend Growth ETF 26.3 22 26 8.0 -0.2
FIVA Fidelity International Value Factor ETF 26.3 39 9 10.2 +2.0
ESGG FlexShares STOXX Global ESG Impact Index Fund 26.0 42 6 5.6 -2.6
IDLB Invesco FTSE International Low Beta Equal Weight ETF 25.4 45 3 7.2 -1.0
EURZ Xtrackers Eurozone Equity ETF 25.1 9 39 7.0 -1.2
EZU iShares MSCI Eurozone ETF 25.1 49 -1 6.7 -1.5
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 24.3 32 16 6.5 -1.7
IDLV Invesco S&P International Developed Low Volatility ETF 24.1 25 23 6.9 -1.4
IQDE FlexShares International Quality Dividend Defensive Index Fd 23.8 47 1 12.7 +4.5
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 23.5 20 28 10.9 +2.7
IDHQ Invesco S&P International Developed High Quality ETF 23.5 29 19 5.4 -2.8
DWMF WisdomTree International Multifactor Fund 23.4 38 10 6.8 -1.4
QWLD SPDR MSCI World StrategicFactors ETF 23.4 30 18 6.0 -2.2
UIVM VictoryShares USAA MSCI International Value Momentum ETF 23.4 35 13 8.6 +0.4
URTH iShares MSCI World ETF 22.8 24 24 5.8 -2.4
NUDM Nuveen ESG International Developed Markets Equity ETF 22.5 40 8 6.9 -1.4
FLJP Franklin FTSE Japan ETF 22.4 9 39 7.8 -0.4
HFXJ IQ 50 Percent Hedged FTSE Japan ETF 22.4 30 18 7.6 -0.6
FLJH Franklin FTSE Japan Hedged ETF 22.3 9 39 7.7 -0.5
IOO iShares Global 100 ETF 22.0 40 8 4.9 -3.4
IQDF FlexShares International Quality Dividend Index Fund 21.9 47 1 12.9 +4.7

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

  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 9.7 %
Divided by: Fwd. P/BV 1.1 x
Less: Expense ratio 48 bp
Equals: ALTAR Score 8.2 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.59 CATEGORY
AVERAGE		 1.59
 
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.