WisdomTree International Multifactor Fund
ALTAR
Score™
6.6% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
17.6x P/Sales
ratio
1.0x
P/BV
ratio
1.7x Div.
yield
3.1%


  • 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) $46
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 197
Wgt avg mkt cap (mns) $31,680
Large cap (>$10bn) 64.7%
Mid cap ($2-10bn) 34.1%
Small cap (<$2bn) 0.1%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
BIOMERIEUX SA 1.7 %
ADMIRAL GROUP PLC 1.6 %
SARTORIUS STEDIM BIOTECH SA 1.4 %
SAGE GROUP PLC 1.3 %
GIVAUDAN-REG 1.2 %
EMS-CHEMIE HOLDING AG-REG 1.2 %
UCB SA 1.1 %
BUNZL PLC 1.1 %
IPSEN 1.1 %
HONG KONG EXCHANGES & CLEAR 1.1 %
Total 12.9 %

TOP COUNTRY EXPOSURE
JAPAN 27.9 %
BRITAIN 14.5 %
SWITZERLAND 9.7 %
FRANCE 8.5 %
AUSTRALIA 7.5 %
GERMANY 6.1 %
HONG KONG 5.4 %
DENMARK 3.5 %
SINGAPORE 3.3 %
NETHERLANDS 3.0 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-7.9% -3.2% -- -- -1.5%

Market Correlations
versus... Beta R-squared
S&P500 0.66 88%
MSCI EAFE 0.75 94%
MSCI Emg. Mkts. 0.51 70%

Technical Indicators
Recent close $24.26
30d moving avg. $23.73
Annualized volatility 14.8%
Short interest (ETF) 0.4%
Relative strength (RSI) 60

Liquidity measures
Avg. volume (thou.) 4
Turnover 0.2%
Bid/Ask (% of price) 0.17%
ADV underlying (mns) $13,086

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 97 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™: 6.6%


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
(%)
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 37.9 30 8 0.0 -6.6
IDLV Invesco S&P International Developed Low Volatility ETF 36.4 25 13 6.7 +0.0
EFAV iShares Edge MSCI Min Vol EAFE ETF 35.3 20 18 5.4 -1.2
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 32.1 80 -42 6.5 -0.2
RBIN Nationwide Risk-Based International Equity ETF 31.2 42 -4 6.1 -0.6
PQIN PGIM QMA Strategic Alpha International Equity ETF 30.8 29 9 7.6 +0.9
VGFO Virtus WMC Global Factor Opportunities ETF 28.7 49 -11 7.8 +1.1
QEFA SPDR MSCI EAFE Quality Mix ETF 28.6 30 8 6.8 +0.1
MVIN Natixis Seeyond International Minimum Volatility ETF 28.3 56 -18 5.3 -1.4
EUMV iShares Edge MSCI Min Vol Europe ETF 27.9 25 13 5.0 -1.7
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 27.5 32 6 6.3 -0.4
JPIN JPMorgan Diversified Return International Equity ETF 26.3 37 1 7.8 +1.2
UIVM VictoryShares USAA MSCI International Value Momentum ETF 26.2 35 3 8.5 +1.9
GSIE Goldman Sachs ActiveBeta International Equity ETF 25.7 25 13 6.5 -0.2
CIL VictoryShares International Volatility Weighted Index ETF 24.2 45 -7 6.5 -0.1
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 24.2 45 -7 6.5 -0.1
JHMD John Hancock Multifactor Developed International ETF 23.8 39 -1 7.3 +0.7
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 23.1 35 3 8.4 +1.7
RODM Hartford Multifactor Developed Markets (ex-US) ETF 23.0 29 9 8.5 +1.8
IDY Pacific Global International Equity Income ETF 22.9 39 -1 7.9 +1.3
DWM WisdomTree International Equity Fund 22.9 48 -10 8.2 +1.5
TPIF Timothy Plan International ETF 22.7 62 -24 6.2 -0.5
QINT American Century Quality Diversified International ETF 22.7 39 -1 5.6 -1.0
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 22.3 20 18 7.0 +0.3
EFA iShares MSCI EAFE ETF 22.1 32 6 6.9 +0.3
ESGD iShares MSCI EAFE ESG Optimized ETF 22.1 20 18 6.8 +0.2
DOL WisdomTree International LargeCap Dividend Fund 21.9 48 -10 8.5 +1.8
GSID Goldman Sachs MarketBeta International Equity ETF 21.9 20 18 7.2 +0.6
IQLT iShares Edge MSCI Intl Quality Factor ETF 21.8 30 8 6.0 -0.7
EWJE iShares MSCI Japan Equal Weighted ETF 21.8 15 23 7.1 +0.5
PDEV Principal International Multi-Factor Core Index ETF 21.8 25 13 7.7 +1.1
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 21.7 39 -1 6.4 -0.2
RNDM Developed International Equity Select ETF 21.5 65 -27 6.2 -0.4
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 21.5 35 3 6.7 +0.1
HFXI IQ 50 Percent Hedged FTSE International ETF 21.4 20 18 7.3 +0.7
IDHD Invesco S&P Intl Developed High Dividend Low Volatility ETF 21.4 30 8 8.5 +1.9
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 21.3 25 13 7.1 +0.5
FDEV Fidelity Targeted International Factor ETF 21.3 39 -1 6.5 -0.2
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 21.0 25 13 6.4 -0.3
BKIE BNY Mellon International Equity ETF 20.8 4 34 7.2 +0.6
JPMV iShares Edge MSCI Min Vol Japan ETF 20.7 30 8 6.5 -0.1
RFDI First Trust Riverfront Dynamic Developed International ETF 20.5 83 -45 5.6 -1.1
IPAC iShares Core MSCI Pacific ETF 20.3 9 29 7.2 +0.6
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 20.3 14 24 6.9 +0.2
INTF iShares Edge MSCI Multifactor Intl ETF 20.2 30 8 7.7 +1.0
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 20.1 7 31 7.4 +0.8
DIM WisdomTree International MidCap Dividend Fund 20.0 58 -20 7.5 +0.9
SCIJ Global X Scientific Beta Japan ETF 19.7 40 -2 7.1 +0.4
IMTM iShares Edge MSCI Intl Momentum Factor ETF 19.6 30 8 4.3 -2.3
IQSI IQ Candriam ESG International Equity ETF 19.6 15 23 7.2 +0.5
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 19.6 24 14 7.0 +0.4
IEFA iShares Core MSCI EAFE ETF 19.6 7 31 7.2 +0.6
IQDE FlexShares International Quality Dividend Defensive Index Fd 19.3 47 -9 11.9 +5.3
FIVA Fidelity International Value Factor ETF 19.3 39 -1 9.8 +3.2
IQIN IQ 500 International ETF 19.3 25 13 8.6 +2.0
IDHQ Invesco S&P International Developed Quality ETF 19.3 29 9 5.0 -1.6
SCID Global X Scientific Beta Europe ETF 18.9 39 -1 6.3 -0.3
SCHF Schwab International Equity ETF 18.8 6 32 7.2 +0.6
IDLB Invesco FTSE International Low Beta Equal Weight ETF 18.7 45 -7 7.0 +0.4
IVLU iShares Edge MSCI Intl Value Factor ETF 18.7 30 8 11.3 +4.7
EFV iShares MSCI EAFE Value ETF 18.6 39 -1 9.4 +2.8
BBJP JPMorgan BetaBuilders Japan ETF 18.6 19 19 7.3 +0.7
FNDF Schwab Fundamental International Large Co. Index ETF 18.5 25 13 8.6 +2.0
ISZE iShares Edge MSCI Intl Size Factor ETF 18.5 30 8 7.2 +0.6
RFEU First Trust Riverfront Dynamic Europe ETF 18.5 83 -45 5.2 -1.4
EWJ iShares MSCI Japan ETF 18.4 49 -11 7.0 +0.4
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 18.2 45 -7 8.7 +2.0
DBJP Xtrackers MSCI Japan Hedged Equity ETF 18.2 45 -7 7.0 +0.4
HFXJ IQ 50 Percent Hedged FTSE Japan ETF 18.2 30 8 7.6 +0.9
FLJP Franklin FTSE Japan ETF 18.1 9 29 7.5 +0.9
QJPN SPDR MSCI Japan StrategicFactors ETF 18.0 14 24 7.6 +0.9
ISDX Invesco Strategic Developed ex-US ETF 18.0 23 15 7.2 +0.6
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 18.0 35 3 6.8 +0.2
IDEV iShares Core MSCI International Developed Markets ETF 17.9 5 33 7.1 +0.5
VPL Vanguard FTSE Pacific ETF 17.9 8 30 7.5 +0.8
FLJH Franklin FTSE Japan Hedged ETF 17.9 9 29 7.4 +0.8
DOO WisdomTree International Dividend ex-Financials Fund 17.8 58 -20 8.6 +2.0
EFG iShares MSCI EAFE Growth ETF 17.8 40 -2 4.5 -2.2
SPDW SPDR Portfolio Developed World ex-US ETF 17.8 4 34 7.0 +0.4
OEUR O'shares FTSE Europe Quality Dividend ETF 17.5 48 -10 6.6 -0.1
JPXN iShares JPX-Nikkei 400 ETF 17.3 48 -10 7.2 +0.6
JPN Xtrackers Japan JPX-Nikkei 400 Equity ETF 17.1 9 29 7.6 +1.0
VEA Vanguard FTSE Developed Markets ETF 16.8 5 33 7.3 +0.6
IQDF FlexShares International Quality Dividend Index Fund 16.6 47 -9 12.1 +5.4
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 16.2 20 18 9.4 +2.8
FDT First Trust Developed Markets ex-US Alphadex Fund 15.8 80 -42 7.2 +0.6
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 15.6 30 8 6.9 +0.2
DBEU Xtrackers MSCI Europe Hedged Equity ETF 15.5 45 -7 6.5 -0.2
VYMI Vanguard International High Dividend Yield ETF 15.5 32 6 9.9 +3.3
BBEU JPMorgan BetaBuilders Europe ETF 15.4 9 29 7.2 +0.6
FLEE Franklin FTSE Europe ETF 15.4 9 29 6.9 +0.2
CWI SPDR MSCI ACWI ex-US ETF 15.4 30 8 7.1 +0.4
FLEH Franklin FTSE Europe Hedged ETF 15.3 9 29 7.0 +0.3
LVHI Legg Mason International Low Volatility High Dividend ETF 15.2 40 -2 9.0 +2.4
ACWX iShares MSCI ACWI ex U.S. ETF 15.2 32 6 7.1 +0.5
IEV iShares Europe ETF 15.2 59 -21 6.7 +0.0
DTH WisdomTree DEFA Equity Income Fund 15.0 58 -20 9.6 +2.9

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

  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

Content on this tab for subscribers only

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 11.7 %
Divided by: Fwd. P/BV 1.7 x
Less: Expense ratio 38 bp
Equals: ALTAR Score 6.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.71 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.