WisdomTree Japan Hedged Equity
ALTAR
Score™
8.6% info Recommen-
dation
OVERWEIGHT
2019E    2020E
P/E
ratio
13.8x P/Sales
ratio
0.7x
P/BV
ratio
1.1x Div.
yield
3.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
WisdomTree Japan Total Dividend Fund seeks investment results that correspond to the WisdomTree Japan Total Dividend Index, which tracks Japanese companies that pay regular dividends.

FUND BASICS
Category International Equities
Fund Sponsor WisdomTree ETFs/USA
Website www.wisdomtree.com
Inception date Jun 16, 2006
Assets (mns) $2,654
Currency USD
Expense ratio 48 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Bank of New York Mellon
Weighting Dividend
Index replication Optimized
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 470
Wgt avg mkt cap (mns) $33,698
Large cap (>$10bn) 73.1%
Mid cap ($2-10bn) 20.2%
Small cap (<$2bn) 6.7%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
TOYOTA MOTOR CORP 5.1 %
MITSUBISHI UFJ FINANCIAL GRO 3.6 %
JAPAN TOBACCO INC 3.1 %
TAKEDA PHARMACEUTICAL CO LTD 2.6 %
SUMITOMO MITSUI FINANCIAL GR 2.6 %
HONDA MOTOR CO LTD 2.4 %
FANUC LTD 2.3 %
NISSAN MOTOR CO LTD 2.2 %
MIZUHO FINANCIAL GROUP INC 2.2 %
CANON INC 2.1 %
Total 28.1 %

TOP COUNTRY EXPOSURE
JAPAN 96.7 %










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.
18.5% 4.7% 4.6% 7.0% 3.2%

Market Correlations
versus... Beta R-squared
S&P500 1.05 67%
MSCI EAFE 1.17 68%
MSCI Emg. Mkts. 0.78 48%

Technical Indicators
Recent close $54.61
30d moving avg. $53.95
Annualized volatility 15.5%
Short interest (ETF) 5.3%
Relative strength (RSI) 63

Liquidity measures
Avg. volume (thou.) 1,065
Turnover 2.2%
Bid/Ask (% of price) 0.02%
ADV underlying (mns) $13,616

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: DXJ Expense: 48 bp ALTAR Score™: 8.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH DXJ
Ticker Fund
Name
Overlap1
vs DXJ
(%)
Expense
ratio
(bp)
Savings
vs DXJ
(bp)
ALTAR
Score™
(%)
ALTAR
vs DXJ
(%)
HFXJ IQ 50 Percent Hedged FTSE Japan 57.5 30 18 7.7 -0.8
FLJP Franklin FTSE Japan 57.0 9 39 7.9 -0.6
EWJ iShares MSCI Japan 56.8 47 1 7.6 -1.0
FLJH Franklin FTSE Japan Hedged 56.6 9 39 8.0 -0.6
BBJP JPMorgan BetaBuilders Japan 56.3 19 29 7.8 -0.8
QJPN SPDR MSCI Japan Quality Mix 56.0 14 34 7.9 -0.7
DBJP Xtrackers MSCI Japan Hedged 55.8 45 3 7.6 -1.0
JPXN iShares JPX-Nikkei 400 55.3 48 0 7.5 -1.0
JPN Xtrackers Japan JPX-Nikkei 400 Equity 55.2 9 39 7.9 -0.6
EWJV iShares MSCI Japan Value 54.3 15 33 9.9 +1.4
GSJY Goldman Sachs ActiveBeta Japan Equity 49.2 25 23 7.6 -1.0
IPAC iShares Core MSCI Pacific 39.2 9 39 7.4 -1.2
EWJE iShares MSCI Japan Equal Weighted 39.0 15 33 7.2 -1.4
VPL Vanguard Pacific ETF 36.0 9 39 7.7 -0.8
JPMV iShares MSCI Japan Min Volatility 32.9 30 18 6.6 -1.9
RFAP First Trust Riverfront Dynamic Asia Pacific 31.6 83 -35 7.2 -1.3
SCIJ Global X Scientific Beta Japan 30.9 39 9 6.9 -1.7
IVLU iShares MSCI Int'l Developed Value Factor 26.4 30 18 10.2 +1.7
FJP First Trust Japan AlphaDEX 24.6 80 -32 8.6 +0.1
REFA Invesco International Revenue ETF 23.4 42 6 8.7 +0.1

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

Content on this tab for subscribers only

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 Japan Hedged Equity
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 9.1 %
Divided by: Fwd. P/BV 1.0 x
Less: Expense ratio 48 bp
Equals: ALTAR Score 8.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.59 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.