WisdomTree International Multifactor Fund
ALTAR
Score™		 6.8% info Recommen-
dation		 UNDERWEIGHT
2020E    2021E
P/E
ratio		 17.0x P/Sales
ratio		 0.9x
P/BV
ratio		 1.6x 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) $43
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) $32,544
Large cap (>$10bn) 67.0%
Mid cap ($2-10bn) 32.9%
Small cap (<$2bn) 0.1%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
BIOMERIEUX SA 1.7 %
SARTORIUS STEDIM BIOTECH SA 1.4 %
GLAXOSMITHKLINE PLC 1.4 %
ROCHE HOLDING AG-GENUSSCHEIN 1.3 %
IPSEN 1.3 %
COLOPLAST A/S CLASS B 1.2 %
DEUTSCHE TELEKOM AG 1.2 %
DEUTSCHE WOHNEN AG 1.1 %
NOVARTIS AG-REG 1.1 %
UNILEVER PLC 1.1 %
Total 12.7 %

TOP COUNTRY EXPOSURE
JAPAN 29.2 %
BRITAIN 13.8 %
AUSTRALIA 9.3 %
FRANCE 8.9 %
SWITZERLAND 6.8 %
GERMANY 5.7 %
DENMARK 3.8 %
HONG KONG 3.5 %
SINGAPORE 3.5 %
ISRAEL 3.4 %

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.
-10.0% -2.8% -- -- -3.1%

Market Correlations
versus... Beta R-squared
S&P500 0.67 90%
MSCI EAFE 0.76 95%
MSCI Emg. Mkts. 0.56 75%

Technical Indicators
Recent close $23.74
30d moving avg. $22.26
Annualized volatility 15.5%
Short interest (ETF) 0.8%
Relative strength (RSI) 68

Liquidity measures
Avg. volume (thou.) 18
Turnover 1.0%
Bid/Ask (% of price) 0.18%
ADV underlying (mns) $14,547

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 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™: 6.8%


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 37.8 48 -10 0.0 -6.8
DDEZ WisdomTree Europe Multifactor Fund 32.6 43 -5 7.2 +0.4
EFAV iShares Edge MSCI Min Vol EAFE ETF 32.4 20 18 5.9 -0.9
IDLV Invesco S&P International Developed Low Volatility ETF 31.0 25 13 6.8 +0.0
QEFA SPDR MSCI EAFE Quality Mix ETF 28.5 30 8 6.8 -0.0
PQIN PGIM QMA Strategic Alpha International Equity ETF 26.7 29 9 8.0 +1.2
RBIN Nationwide Risk-Based International Equity ETF 26.2 42 -4 6.4 -0.4
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 25.7 80 -42 6.0 -0.8
CIL VictoryShares International Volatility Weighted Index ETF 25.5 45 -7 6.7 -0.1
IDY Pacific Global International Equity Income ETF 25.1 39 -1 8.0 +1.2
UIVM VictoryShares USAA MSCI International Value Momentum ETF 25.1 35 3 8.6 +1.8
GSIE Goldman Sachs ActiveBeta International Equity ETF 25.1 25 13 6.8 +0.0
JHMD John Hancock Multifactor Developed International ETF 25.0 45 -7 7.4 +0.6
JPIN JPMorgan Diversified Return International Equity ETF 24.7 38 0 7.9 +1.1
EUMV iShares Edge MSCI Min Vol Europe ETF 24.6 25 13 5.5 -1.3
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 24.3 32 6 6.5 -0.3
PDEV Principal International Multi-Factor Core Index ETF 23.8 25 13 7.8 +1.1
RODM Hartford Multifactor Developed Markets (ex-US) ETF 23.6 29 9 8.6 +1.8
EFA iShares MSCI EAFE ETF 23.5 32 6 7.1 +0.3
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 23.5 39 -1 6.6 -0.2
TPIF Timothy Plan International ETF 23.5 62 -24 7.0 +0.2
DWM WisdomTree International Equity Fund 23.4 48 -10 8.2 +1.4
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 23.3 35 3 7.0 +0.2
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 23.3 35 3 8.5 +1.7
ESGD iShares MSCI EAFE ESG Optimized ETF 23.0 20 18 7.2 +0.4
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 22.9 20 18 7.2 +0.5
RFDI First Trust Riverfront Dynamic Developed International ETF 22.9 83 -45 6.3 -0.5
HFXI IQ 50 Percent Hedged FTSE International ETF 22.8 20 18 7.5 +0.7
MVIN Natixis Seeyond International Minimum Volatility ETF 22.3 55 -17 5.7 -1.0
FIVA Fidelity International Value Factor ETF 22.2 39 -1 10.1 +3.3
FDEV Fidelity Targeted International Factor ETF 22.2 39 -1 6.5 -0.3
DOL WisdomTree International LargeCap Dividend Fund 22.1 48 -10 8.5 +1.7
RNDM Developed International Equity Select ETF 21.7 65 -27 6.4 -0.4
EWJE iShares MSCI Japan Equal Weighted ETF 21.5 15 23 7.0 +0.2
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 21.5 25 13 7.5 +0.7
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 21.4 7 31 7.6 +0.8
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 21.4 14 24 7.0 +0.2
EFG iShares MSCI EAFE Growth ETF 21.3 40 -2 4.7 -2.1
IQIN IQ 500 International ETF 21.2 25 13 8.9 +2.1
JPGE JPMorgan Diversified Return Global Equity ETF 21.1 29 9 7.3 +0.5
RFEU First Trust Riverfront Dynamic Europe ETF 21.0 83 -45 4.9 -1.8
OEUR O'shares FTSE Europe Quality Dividend ETF 21.0 48 -10 6.6 -0.2
IEFA iShares Core MSCI EAFE ETF 20.9 7 31 7.3 +0.5
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 20.8 25 13 6.7 -0.1
JPMV iShares Edge MSCI Min Vol Japan ETF 20.8 30 8 6.8 +0.1
FNDF Schwab Fundamental International Large Co. Index ETF 20.8 25 13 8.6 +1.8
ISZE iShares Edge MSCI Intl Size Factor ETF 20.7 30 8 6.9 +0.1
IQSI IQ Candriam ESG International Equity ETF 20.7 15 23 7.3 +0.5
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 20.7 24 14 7.2 +0.4
ISDX Invesco Strategic Developed ex-US ETF 20.6 23 15 7.4 +0.6
IPAC iShares Core MSCI Pacific ETF 20.2 9 29 7.4 +0.6
SCHF Schwab International Equity ETF 20.2 6 32 7.4 +0.6
IQLT iShares Edge MSCI Intl Quality Factor ETF 19.9 30 8 6.2 -0.6
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 19.8 45 -7 8.8 +2.0
SPDW SPDR Portfolio Developed World ex-US ETF 19.6 4 34 7.2 +0.4
DIM WisdomTree International MidCap Dividend Fund 19.5 58 -20 7.6 +0.8
EFV iShares MSCI EAFE Value ETF 19.3 39 -1 10.0 +3.2
IDEV iShares Core MSCI International Developed Markets ETF 19.2 5 33 7.2 +0.5
IQDE FlexShares International Quality Dividend Defensive Index Fd 19.0 47 -9 12.6 +5.9
QJPN SPDR MSCI Japan StrategicFactors ETF 18.7 14 24 7.9 +1.1
BBJP JPMorgan BetaBuilders Japan ETF 18.6 19 19 7.6 +0.8
EWJ iShares MSCI Japan ETF 18.6 49 -11 7.3 +0.5
VPL Vanguard FTSE Pacific ETF 18.5 8 30 7.7 +1.0
DBJP Xtrackers MSCI Japan Hedged Equity ETF 18.3 45 -7 7.3 +0.5
VEA Vanguard FTSE Developed Markets ETF 18.2 5 33 7.4 +0.6
SCIJ Global X Scientific Beta Japan ETF 18.2 39 -1 7.1 +0.3
HFXJ IQ 50 Percent Hedged FTSE Japan ETF 18.1 30 8 7.5 +0.7
FLJP Franklin FTSE Japan ETF 18.1 9 29 7.8 +1.0
QINT American Century Quality Diversified International ETF 18.0 39 -1 5.9 -0.9
DOO WisdomTree International Dividend ex-Financials Fund 17.9 58 -20 8.6 +1.8
IDLB Invesco FTSE International Low Beta Equal Weight ETF 17.9 45 -7 7.1 +0.4
FLJH Franklin FTSE Japan Hedged ETF 17.9 9 29 7.7 +0.9
DBEU Xtrackers MSCI Europe Hedged Equity ETF 17.7 45 -7 6.7 -0.1
JPXN iShares JPX-Nikkei 400 ETF 17.7 48 -10 7.4 +0.6
IEV iShares Europe ETF 17.7 59 -21 6.8 0.0
IMTM iShares Edge MSCI Intl Momentum Factor ETF 17.7 30 8 5.0 -1.8
IQDF FlexShares International Quality Dividend Index Fund 17.6 47 -9 12.9 +6.1
BBEU JPMorgan BetaBuilders Europe ETF 17.6 9 29 7.2 +0.5
CWI SPDR MSCI ACWI ex-US ETF 17.5 30 8 7.6 +0.8
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 17.4 30 8 6.8 +0.0
JPN Xtrackers Japan JPX-Nikkei 400 Equity ETF 17.4 9 29 7.8 +1.1
IDHQ Invesco S&P International Developed High Quality ETF 17.4 29 9 5.4 -1.4
FLEE Franklin FTSE Europe ETF 17.3 9 29 7.0 +0.2
IDHD Invesco S&P Intl Developed High Dividend Low Volatility ETF 17.3 30 8 7.2 +0.4
IVLU iShares Edge MSCI Intl Value Factor ETF 17.2 30 8 11.2 +4.4
INTF iShares Edge MSCI Multifactor Intl ETF 17.2 30 8 8.3 +1.5
FLEH Franklin FTSE Europe Hedged ETF 17.1 9 29 7.1 +0.3
DDJP WisdomTree Dynamic Currency Hedged Japan Equity Fund 17.1 43 -5 9.2 +2.4
JPEU JPMorgan Diversified Return Europe Equity ETF 17.0 37 1 6.8 0.0
ACWX iShares MSCI ACWI ex U.S. ETF 16.9 32 6 7.5 +0.7
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 16.7 40 -2 7.3 +0.6
IEUR iShares Core MSCI Europe ETF 16.4 9 29 7.3 +0.5
DTH WisdomTree DEFA Equity Income Fund 16.2 58 -20 9.5 +2.7
RFAP First Trust Riverfront Dynamic Asia Pacific ETF 16.1 83 -45 7.0 +0.2
FEU SPDR Portfolio Europe ETF 15.9 9 29 7.3 +0.5
VGK Vanguard FTSE Europe ETF 15.8 8 30 7.3 +0.5
SCID Global X Scientific Beta Europe ETF 15.8 38 0 6.9 +0.1
CID VictoryShares Intl High Dividend Volatility Wtd Index ETF 15.7 45 -7 9.7 +2.9
VEU Vanguard FTSE All-World ex-US Index Fund 15.7 8 30 7.7 +0.9

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%.

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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 10.9 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 38 bp
Equals: ALTAR Score 6.8 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.66 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.