WisdomTree International Multifactor Fund
ALTAR
Score™
6.4% info Recommen-
dation
UNDERWEIGHT
2019E    2020E
P/E
ratio
14.4x P/Sales
ratio
1.1x
P/BV
ratio
1.7x Div.
yield
3.5%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The WisdomTree International Multifactor Fund is an actively managed portfolio of equities from developed economies outside of the US. Holdings are selected for exhibiting characteristics of multiple factors.

FUND BASICS
Category International Equities
Fund Sponsor WisdomTree
Website www.wisdomtree.com
Inception date Aug 10, 2018
Assets (mns) $28
Currency USD
Expense ratio 38 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Proprietary
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 200
Wgt avg mkt cap (mns) $32,793
Large cap (>$10bn) 67.2%
Mid cap ($2-10bn) 32.8%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
ORANGE SA 1.1 %
DIRECT LINE INSURANCE GROUP PLC 1.1 %
DEUTSCHE BOERSE AG 1.0 %
ROCHE HOLDING AG-GENUSSCHEIN 1.0 %
AVIVA PLC 1.0 %
UCB SA 0.9 %
SANOFI-AVENTIS 0.9 %
NESTLE SA-REG 0.9 %
NOVARTIS AG-REG 0.9 %
BANKINTER SA 0.9 %
Total 9.7 %

TOP COUNTRY EXPOSURE
JAPAN 26.3 %
BRITAIN 14.8 %
AUSTRALIA 11.3 %
FRANCE 6.3 %
SWITZERLAND 4.9 %
SPAIN 4.9 %
ISRAEL 3.8 %
DENMARK 3.7 %
GERMANY 3.5 %
HONG KONG 3.4 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
14.8% 9.5% -- -- 3.7%

Market Correlations
versus... Beta R-squared
S&P500 0.63 91%
MSCI EAFE 0.75 92%
MSCI Emg. Mkts. 0.59 77%

Technical Indicators
Recent close $25.28
30d moving avg. $25.31
Annualized volatility 11.5%
Short interest (ETF) 0.0%
Relative strength (RSI) 53

Liquidity measures
Avg. volume (thou.) 2
Turnover 0.2%
Bid/Ask (% of price) 0.13%
ADV underlying (mns) $12,519

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: DWMF Expense: 38 bp ALTAR Score™: 6.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH DWMF
Ticker Fund
Name
Overlap1
vs DWMF
(%)
Expense
ratio
(bp)
Savings
vs DWMF
(bp)
ALTAR
Score™
(%)
ALTAR
vs DWMF
(%)
DDEZ WisdomTree Dynamic Currency Hedged Europe Equity 36.7 43 -5 6.7 +0.3
EFAV iShares MSCI EAFE Minimum Volatility 36.6 20 18 5.8 -0.6
RBIN Nationwide Risk-Based International Equity 35.0 42 -4 7.3 +0.9
HDMV First Trust Horizon Managed Volatility Developed Int'l 34.1 80 -42 6.0 -0.4
QEFA SPDR MSCI EAFE Quality Mix 28.1 30 8 6.6 +0.2
RODM Lattice Developed Markets (Ex-US) Strategy 27.9 29 9 7.6 +1.2
EUMV iShares MSCI Europe Min Volatility 27.8 25 13 5.2 -1.2
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity 27.7 39 -1 6.2 -0.2
PQIN PGIM QMA Strategic Alpha International Equity 27.7 29 9 7.2 +0.8
UIVM USAA MSCI International Value Momentum Blend Index 27.5 35 3 8.1 +1.7
QLVD FlexShares Developed Mkts ex-US Quality Low Volatility 26.8 32 6 6.6 +0.2
GSIE Goldman Sachs ActiveBeta Int'l Equity 26.2 25 13 6.5 +0.1
JPIN JPMorgan Diversified Rtn. Int'l Equity 26.1 38 0 7.4 +1.0
JHMD John Hancock Multifactor Developed International 26.0 45 -7 7.1 +0.7
FDEV Fidelity Targeted International Factor 25.3 39 -1 6.9 +0.5
CIL Victory CEMP International Volatility Wtd 25.2 45 -7 6.9 +0.5
CIZ Compass EMP Dev. 500 Enhanced Vol. Wgt. 25.1 45 -7 6.9 +0.5
MVIN Natixis Seeyond International Minimum Volatility 25.1 55 -17 6.1 -0.3
DEEF Xtrackers FTSE Dev ex-US Comprehensive Factor 24.9 24 14 7.0 +0.6
EFA iShares MSCI EAFE 24.7 31 7 6.9 +0.5

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

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 10.9 %
Divided by: Fwd. P/BV 1.6 x
Less: Expense ratio 38 bp
Equals: ALTAR Score 6.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.72 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.