WisdomTree International Multifactor Fund
ALTAR
Score™		 6.2% info Recommen-
dation		 UNDERWEIGHT
2020E    2021E
P/E
ratio		 18.2x P/Sales
ratio		 1.1x
P/BV
ratio		 1.7x Div.
yield		 3.3%


  • 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) $48
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) $31,528
Large cap (>$10bn) 66.2%
Mid cap ($2-10bn) 30.5%
Small cap (<$2bn) 1.5%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
SARTORIUS STEDIM BIOTECH SA 1.8 %
BIOMERIEUX SA 1.7 %
ADMIRAL GROUP PLC 1.7 %
SAGE GROUP PLC 1.2 %
GIVAUDAN-REG 1.2 %
BUNZL PLC 1.1 %
KUEHNE & NAGEL INTL AG-REG 1.1 %
LOGITECH INTERNATIONAL-REG 1.1 %
UNILEVER PLC 1.0 %
SINGAPORE EXCHANGE LTD 1.0 %
Total 12.9 %

TOP COUNTRY EXPOSURE
JAPAN 27.1 %
BRITAIN 10.7 %
SWITZERLAND 9.7 %
FRANCE 7.9 %
GERMANY 7.0 %
AUSTRALIA 6.7 %
HONG KONG 5.7 %
NETHERLANDS 3.9 %
DENMARK 3.9 %
SWEDEN 3.0 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-5.1% -1.9% -- -- 0.1%

Market Correlations
versus... Beta R-squared
S&P500 0.64 87%
MSCI EAFE 0.74 94%
MSCI Emg. Mkts. 0.52 69%

Technical Indicators
Recent close $23.99
30d moving avg. $24.08
Annualized volatility 14.4%
Short interest (ETF) 0.2%
Relative strength (RSI) 48

Liquidity measures
Avg. volume (thou.) 4
Turnover 0.2%
Bid/Ask (% of price) 0.18%
ADV underlying (mns) $12,125

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 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™: 6.2%


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
(%)
RESD WisdomTree International ESG Fund 38.5 30 8 6.8 +0.6
IDLV Invesco S&P International Developed Low Volatility ETF 37.9 25 13 6.5 +0.3
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 34.3 80 -42 6.6 +0.3
RBIN Nationwide Risk-Based International Equity ETF 33.2 42 -4 6.1 -0.2
EFAV iShares Edge MSCI Min Vol EAFE ETF 33.0 20 18 5.4 -0.8
RODM Hartford Multifactor Developed Markets (ex-US) ETF 31.3 29 9 7.7 +1.5
PQIN PGIM QMA Strategic Alpha International Equity ETF 30.4 29 9 7.8 +1.6
FDEV Fidelity Targeted International Factor ETF 29.5 39 -1 6.5 +0.3
QEFA SPDR MSCI EAFE Quality Mix ETF 28.9 30 8 6.8 +0.6
VGFO Virtus WMC Global Factor Opportunities ETF 28.7 49 -11 8.2 +1.9
GSIE Goldman Sachs ActiveBeta International Equity ETF 28.1 25 13 6.6 +0.4
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 27.7 32 6 6.1 -0.2
UIVM VictoryShares USAA MSCI International Value Momentum ETF 26.7 35 3 8.6 +2.4
MVIN Natixis Seeyond International Minimum Volatility ETF 26.2 56 -18 5.6 -0.6
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 26.1 45 -7 6.9 +0.7
CIL VictoryShares International Volatility Weighted Index ETF 25.9 45 -7 6.9 +0.7
JPIN JPMorgan Diversified Return International Equity ETF 25.5 37 1 7.8 +1.6
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 25.2 24 14 6.9 +0.7
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 24.3 25 13 6.5 +0.2
INTF iShares Edge MSCI Multifactor Intl ETF 24.0 30 8 7.9 +1.6
JHMD John Hancock Multifactor Developed International ETF 23.7 39 -1 7.3 +1.1
QINT American Century Quality Diversified International ETF 23.6 39 -1 6.1 -0.2
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 23.5 20 18 7.1 +0.8
EFA iShares MSCI EAFE ETF 23.1 32 6 7.1 +0.8
ESGD iShares MSCI EAFE ESG Optimized ETF 23.1 20 18 6.9 +0.7
IQLT iShares Edge MSCI Intl Quality Factor ETF 22.9 30 8 6.0 -0.2
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 22.9 35 3 7.0 +0.7
IMTM iShares Edge MSCI Intl Momentum Factor ETF 22.7 30 8 4.4 -1.9
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 22.6 39 -1 6.5 +0.3
IDLB Invesco FTSE International Low Beta Equal Weight ETF 22.6 45 -7 6.5 +0.2
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 22.6 35 3 8.7 +2.5
GSID Goldman Sachs MarketBeta International Equity ETF 22.4 20 18 7.3 +1.1
IDY Pacific Global International Equity Income ETF 22.4 39 -1 8.2 +1.9
HFXI IQ 50 Percent Hedged FTSE International ETF 22.3 20 18 7.5 +1.2
DWM WisdomTree International Equity Fund 22.2 48 -10 8.5 +2.2
RNDM Developed International Equity Select ETF 22.2 65 -27 6.2 -0.1
TPIF Timothy Plan International ETF 21.8 62 -24 6.3 +0.0
IDHQ Invesco S&P International Developed Quality ETF 21.8 29 9 5.1 -1.2
IQDE FlexShares International Quality Dividend Defensive Index Fd 21.7 47 -9 9.1 +2.9
EFG iShares MSCI EAFE Growth ETF 21.6 40 -2 4.5 -1.8
IQSI IQ Candriam ESG International Equity ETF 21.2 15 23 7.4 +1.2
PDEV Principal International Multi-Factor Core Index ETF 21.2 25 13 8.0 +1.7
SCID Global X Scientific Beta Europe ETF 21.1 39 -1 0.0 -6.2
BKIE BNY Mellon International Equity ETF 21.1 4 34 7.5 +1.2
DIM WisdomTree International MidCap Dividend Fund 21.0 58 -20 7.5 +1.3
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 21.0 7 31 7.5 +1.3
EWJE iShares MSCI Japan Equal Weighted ETF 20.9 15 23 7.1 +0.9
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 20.6 14 24 6.9 +0.7
IEFA iShares Core MSCI EAFE ETF 20.4 7 31 7.3 +1.0
DOL WisdomTree International LargeCap Dividend Fund 20.4 48 -10 8.9 +2.6
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 19.9 25 13 7.1 +0.9
SCHF Schwab International Equity ETF 19.7 6 32 7.3 +1.0
SCIJ Global X Scientific Beta Japan ETF 19.5 40 -2 0.0 -6.2
ISZE iShares Edge MSCI Intl Size Factor ETF 19.4 30 8 7.1 +0.9
IPAC iShares Core MSCI Pacific ETF 19.3 9 29 7.1 +0.9
DMXF iShares ESG Advanced MSCI EAFE ETF 19.2 12 26 6.9 +0.6
IDMO Invesco S&P International Developed Momentum ETF 19.0 26 12 4.0 -2.2
RFDI First Trust Riverfront Dynamic Developed International ETF 19.0 83 -45 5.7 -0.6
JPMV iShares Edge MSCI Min Vol Japan ETF 19.0 30 8 0.0 -6.2
IDEV iShares Core MSCI International Developed Markets ETF 18.8 5 33 7.2 +1.0
RFEU First Trust Riverfront Dynamic Europe ETF 18.7 83 -45 5.8 -0.4
SPDW SPDR Portfolio Developed World ex-US ETF 18.5 4 34 7.1 +0.8
LVIN Hartford Multifactor Low Volatility International Equity ETF 18.1 29 9 11.5 +5.2
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 18.1 35 3 6.8 +0.6
VEA Vanguard FTSE Developed Markets ETF 17.8 5 33 7.4 +1.1
IQIN IQ 500 International ETF 17.7 25 13 8.7 +2.4
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 17.7 45 -7 8.9 +2.7
IQDF FlexShares International Quality Dividend Index Fund 17.6 47 -9 9.1 +2.9
BBJP JPMorgan BetaBuilders Japan ETF 17.5 19 19 7.2 +0.9
FNDF Schwab Fundamental International Large Co. Index ETF 17.5 25 13 8.8 +2.6
FIVA Fidelity International Value Factor ETF 17.5 39 -1 10.0 +3.8
EWJ iShares MSCI Japan ETF 17.4 49 -11 6.9 +0.7
DBEU Xtrackers MSCI Europe Hedged Equity ETF 17.4 45 -7 6.8 +0.6
IDHD Invesco S&P Intl Developed High Dividend Low Volatility ETF 17.4 30 8 8.6 +2.3
ISDX Invesco Strategic Developed ex-US ETF 17.2 23 15 7.4 +1.2
DBJP Xtrackers MSCI Japan Hedged Equity ETF 17.2 45 -7 7.0 +0.8
FLJP Franklin FTSE Japan ETF 17.0 9 29 7.3 +1.1
FLJH Franklin FTSE Japan Hedged ETF 16.9 9 29 7.3 +1.0
FLEH Franklin FTSE Europe Hedged ETF 16.9 9 29 7.2 +1.0
FLEE Franklin FTSE Europe ETF 16.8 9 29 7.1 +0.8
QJPN SPDR MSCI Japan StrategicFactors ETF 16.7 14 24 7.4 +1.2
VPL Vanguard FTSE Pacific ETF 16.7 8 30 7.3 +1.1
LVHI Legg Mason International Low Volatility High Dividend ETF 16.7 40 -2 9.5 +3.3
BBEU JPMorgan BetaBuilders Europe ETF 16.6 9 29 7.4 +1.2
CWI SPDR MSCI ACWI ex-US ETF 16.5 30 8 7.2 +0.9
EFV iShares MSCI EAFE Value ETF 16.5 39 -1 9.8 +3.5
JPXN iShares JPX-Nikkei 400 ETF 16.4 48 -10 7.0 +0.7
IVLU iShares Edge MSCI Intl Value Factor ETF 16.3 30 8 11.7 +5.5
VSGX Vanguard ESG International Stock ETF 16.3 17 21 7.0 +0.8
IEV iShares Europe ETF 16.3 59 -21 6.9 +0.7
JPN Xtrackers Japan JPX-Nikkei 400 Equity ETF 16.2 9 29 7.4 +1.1
VGK Vanguard FTSE Europe ETF 16.2 8 30 7.5 +1.3
IEUR iShares Core MSCI Europe ETF 16.2 9 29 7.3 +1.1
ACWX iShares MSCI ACWI ex U.S. ETF 16.0 32 6 7.2 +1.0
ESGN Columbia Sustainable International Equity Income ETF 15.8 45 -7 11.0 +4.7
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 15.8 40 -2 7.1 +0.8
FEU SPDR Portfolio Europe ETF 15.7 9 29 7.4 +1.2
DOO WisdomTree International Dividend ex-Financials Fund 15.5 58 -20 9.0 +2.8

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

  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 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 11.1 %
Divided by: Fwd. P/BV 1.7 x
Less: Expense ratio 38 bp
Equals: ALTAR Score 6.2 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.71 CATEGORY
AVERAGE		 1.57
 
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.