WisdomTree International Multifactor Fund
ALTAR
Score™
6.4% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
15.0x P/Sales
ratio
1.0x
P/BV
ratio
1.8x 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) $33
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) $34,380
Large cap (>$10bn) 71.8%
Mid cap ($2-10bn) 28.2%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
DIRECT LINE INSURANCE GROUP PLC 1.5 %
SANOFI-AVENTIS 1.4 %
AVIVA PLC 1.4 %
BALOISE HOLDING-REG 1.3 %
SMITH & NEPHEW PLC 1.2 %
COCA-COLA ENTERPRISES 1.2 %
ROCHE HOLDING AG-GENUSSCHEIN 1.2 %
UCB SA 1.2 %
GLAXOSMITHKLINE PLC 1.1 %
SONOVA HOLDING AG-REG 1.0 %
Total 12.4 %

TOP COUNTRY EXPOSURE
JAPAN 27.3 %
BRITAIN 12.9 %
AUSTRALIA 11.1 %
SWITZERLAND 7.7 %
FRANCE 6.7 %
SPAIN 4.9 %
NETHERLANDS 4.6 %
GERMANY 4.0 %
ISRAEL 3.7 %
DENMARK 3.5 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru January 31)
Year-to-date 1 year 5 years 10 years Since Incep.
0.3% 10.2% -- -- 4.4%

Market Correlations
versus... Beta R-squared
S&P500 0.62 91%
MSCI EAFE 0.72 88%
MSCI Emg. Mkts. 0.49 66%

Technical Indicators
Recent close $25.26
30d moving avg. $26.15
Annualized volatility 10.8%
Short interest (ETF) 0.7%
Relative strength (RSI) 55

Liquidity measures
Avg. volume (thou.) 8
Turnover 0.6%
Bid/Ask (% of price) 0.14%
ADV underlying (mns) $10,822

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
(%)
EFAV iShares Edge MSCI Min Vol EAFE ETF 39.4 20 18 5.7 -0.7
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 36.0 80 -42 6.3 -0.1
DDEZ WisdomTree Europe Multifactor Fund 35.1 43 -5 6.4 -0.1
RBIN Nationwide Risk-Based International Equity ETF 33.7 42 -4 6.9 +0.5
EUMV iShares Edge MSCI Min Vol Europe ETF 31.9 25 13 5.3 -1.1
QEFA SPDR MSCI EAFE Quality Mix ETF 29.5 30 8 6.8 +0.3
PQIN PGIM QMA Strategic Alpha International Equity ETF 28.1 29 9 7.6 +1.2
TPIF Timothy Plan International ETF 28.1 62 -24 6.7 +0.2
UIVM VictoryShares USAA MSCI International Value Momentum ETF 27.2 35 3 8.4 +2.0
FDEV Fidelity Targeted International Factor ETF 26.2 39 -1 6.9 +0.4
RODM Hartford Multifactor Developed Markets (ex-US) ETF 25.7 29 9 7.9 +1.5
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 25.5 32 6 6.8 +0.3
JPIN JPMorgan Diversified Return International Equity ETF 24.9 38 0 7.8 +1.3
JHMD John Hancock Multifactor Developed International ETF 24.9 45 -7 7.4 +1.0
GSIE Goldman Sachs ActiveBeta International Equity ETF 24.9 25 13 6.8 +0.4
MVIN Natixis Seeyond International Minimum Volatility ETF 24.2 55 -17 6.4 0.0
RNDM Developed International Equity Select ETF 24.1 65 -27 6.4 -0.0
CIZ Victory CEMP Developed Enhanced Volatility Weighted Index ET 23.9 45 -7 7.0 +0.6
CIL Victory CEMP International Volatility Weighted Index ETF 23.9 45 -7 7.1 +0.7
IMTM iShares Edge MSCI Intl Momentum Factor ETF 23.6 30 8 4.7 -1.7

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 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 12.0 %
Divided by: Fwd. P/BV 1.8 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
1.73 CATEGORY
AVERAGE
1.64
 
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.