WisdomTree Emerging Markets Multifactor Fund
ALTAR
Score™
9.7% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
12.5x P/Sales
ratio
0.8x
P/BV
ratio
1.3x Div.
yield
3.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The WisdomTree Emerging Markets Multifactor Fund is an actively managed fund that invests in emerging-market firms that score highly on multiple factors. It may hedge foreign currency exposure. The fund seeks capital appreciation.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor WisdomTree
Website www.wisdomtree.com
Inception date Aug 10, 2018
Assets (mns) $9
Currency USD
Expense ratio 48 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 222
Wgt avg mkt cap (mns) $90,313
Large cap (>$10bn) 39.6%
Mid cap ($2-10bn) 52.2%
Small cap (<$2bn) 4.7%
Developed mkts 12.5%
Emerging mkts 87.6%

TOP TEN HOLDINGS
ALIBABA GROUP HOLDING LTD. SPONSOR 5.8 %
TENCENT HOLDINGS LTD 3.3 %
TAIWAN SEMICONDUCTOR MANUFAC 2.6 %
PING AN INSURANCE GROUP CO-H 1.3 %
CHINA MINSHENG BANKING-H 1.2 %
SAMSUNG ELECTRONICS CO LTD 1.0 %
MOBILE TELESYSTEMS PJSC SPONSORED 1.0 %
ZHONGSHENG GROUP HOLDINGS 1.0 %
MULTICHOICE GROUP LTD 0.9 %
SEVERSTAL - GDR REG S 0.9 %
Total 19.2 %

TOP COUNTRY EXPOSURE
CHINA 36.1 %
TAIWAN 17.8 %
SOUTH KOREA 10.0 %
HONG KONG 7.9 %
INDIA 6.5 %
MALAYSIA 6.3 %
RUSSIA 4.1 %
PHILIPPINES 2.7 %
TURKEY 2.4 %
POLAND 2.1 %

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.
-2.5% 2.9% -- -- -3.9%

Market Correlations
versus... Beta R-squared
S&P500 0.67 71%
MSCI EAFE 0.78 79%
MSCI Emg. Mkts. 0.69 92%

Technical Indicators
Recent close $22.08
30d moving avg. $21.91
Annualized volatility 16.5%
Short interest (ETF) 0.0%
Relative strength (RSI) 52

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.3%
Bid/Ask (% of price) 0.35%
ADV underlying (mns) $15,039

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the WisdomTree Emerging Markets Multifactor Fund ETF based on the alternatives' overlap in portfolio holdings with EMMF. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: EMMF Expense: 48 bp ALTAR Score™: 9.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH EMMF
Ticker Fund
Name
Overlap1
vs EMMF
(%)
Expense
ratio
(bp)
Savings
vs EMMF
(bp)
ALTAR
Score™
(%)
ALTAR
vs EMMF
(%)
DVEM WisdomTree Emerging Markets Dividend Fund 39.9 32 16 7.3 -2.4
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 35.6 45 3 9.1 -0.5
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 34.8 45 3 7.5 -2.1
EEMA iShares MSCI Emerging Markets Asia ETF 31.1 50 -2 7.7 -2.0
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 30.0 40 8 7.3 -2.4
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 28.7 32 16 5.7 -4.0
AAXJ iShares MSCI All Country Asia ex Japan ETF 27.9 68 -20 7.0 -2.6
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 27.9 32 16 9.0 -0.6
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 27.7 30 18 7.6 -2.0
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 27.5 65 -17 7.4 -2.2
JHEM John Hancock Multifactor Emerging Markets ETF 27.5 49 -1 8.7 -0.9
EEM iShares MSCI Emerging Markets ETF 27.3 68 -20 7.4 -2.3
FDEM Fidelity Targeted Emerging Markets Factor ETF 26.9 45 3 8.5 -1.1
FLAX Franklin FTSE Asia Ex Japan ETF 26.9 19 29 7.7 -2.0
ESGE iShares ESG MSCI EM ETF 26.8 25 23 8.5 -1.1
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 26.7 30 18 8.8 -0.9
IEMG iShares Core MSCI Emerging Markets ETF 26.1 13 35 7.9 -1.8
SCHE Schwab Emerging Markets Equity ETF 25.6 11 37 7.9 -1.8
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 25.5 36 12 7.3 -2.4
EEMO Invesco S&P Emerging Markets Momentum ETF 25.4 29 19 4.0 -5.6
GMF SPDR S&P Emerging Asia Pacific ETF 25.3 49 -1 7.1 -2.6
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 25.3 25 23 8.0 -1.7
SPEM SPDR Portfolio Emerging Markets ETF 25.3 11 37 7.7 -1.9
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 25.3 95 -47 8.1 -1.6
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 24.1 45 3 14.5 +4.8
VWO Vanguard FTSE Emerging Markets ETF 24.1 10 38 8.0 -1.7
PBEE Invesco PureBeta FTSE Emerging Markets ETF 23.9 15 33 8.4 -1.2
CEZ VictoryShares Emerging Market Volatility Wtd Index ETF 23.9 50 -2 10.4 +0.7
ISEM Invesco Strategic Emerging Markets ETF 23.2 35 13 10.7 +1.1
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 23.0 49 -1 8.0 -1.7
ROAM Hartford Multifactor Emerging Markets ETF 23.0 44 4 13.1 +3.5
AVEM Avantis Emerging Markets Equity ETF 22.9 33 15 8.8 -0.8
NUEM Nuveen ESG Emerging Markets Equity ETF 22.9 45 3 6.8 -2.9
BKF iShares MSCI BRIC ETF 22.7 69 -21 7.4 -2.2
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 22.3 20 28 6.7 -2.9
EELV Invesco S&P Emerging Markets Low Volatility ETF 21.4 29 19 10.1 +0.4
MCHI iShares MSCI China ETF 21.2 59 -11 7.6 -2.0
GXC SPDR S&P China ETF 20.9 59 -11 7.7 -1.9
PXH Invesco FTSE RAFI Emerging Markets ETF 20.8 50 -2 13.3 +3.6
KALL KraneShares FTSE Emerging Markets Plus ETF 20.4 49 -1 8.0 -1.7
FLCH Franklin FTSE China ETF 19.7 19 29 8.2 -1.5
CXSE WisdomTree China ex-State-Owned Enterprises Fund 19.1 32 16 11.4 +1.8
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 19.1 44 4 9.2 -0.5
CN Xtrackers MSCI All China Equity ETF 18.5 50 -2 8.0 -1.6
BKEM BNY Mellon Emerging Markets Equity ETF 18.3 11 37 8.3 -1.4
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 18.1 39 9 13.4 +3.7
EWT iShares MSCI Taiwan ETF 17.1 59 -11 6.1 -3.6
ECON Columbia Emerging Markets Consumer ETF 16.8 59 -11 4.9 -4.7
FLTW Franklin FTSE Taiwan ETF 16.4 19 29 6.2 -3.5
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 16.2 59 -11 11.1 +1.4
CHIQ Global X China Consumer ETF 15.9 65 -17 6.8 -2.8
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 15.7 86 -38 2.1 -7.5
CHIL Global X MSCI China Large-Cap 50 ETF 15.5 29 19 7.5 -2.1
PIE Invesco DWA Emerging Markets Momentum ETF 15.4 90 -42 5.0 -4.7
FEM First Trust Emerging Markets AlphaDEX Fund 15.4 80 -32 13.9 +4.2
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 15.1 16 32 7.0 -2.7
KWEB KraneShares CSI China Internet ETF 14.9 76 -28 2.0 -7.6
RNEM Emerging Markets Equity Select ETF 14.7 75 -27 11.7 +2.1
VSGX Vanguard ESG International Stock ETF 13.9 17 31 7.1 -2.6
DEM WisdomTree Emerging Markets High Dividend Fund 13.8 63 -15 15.0 +5.4
FDNI First Trust Dow Jones International Internet ETF 13.2 65 -17 2.1 -7.6
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 13.0 49 -1 7.7 -1.9
EMXC iShares MSCI Emerging Markets ex China ETF 12.9 25 23 8.1 -1.5
PEK VanEck Vectors ChinaAMC CSI 300 ETF 12.5 60 -12 4.0 -5.7
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 12.3 40 8 7.1 -2.5
OGIG O'Shares Global Internet Giants ETF 12.1 48 0 0.5 -9.1
TTTN UP Fintech China-U.S. Internet Titans ETF 11.9 59 -11 4.3 -5.4
ACWX iShares MSCI ACWI ex U.S. ETF 11.9 32 16 7.3 -2.3
GBUY Goldman Sachs Motif New Age Consumer ETF 11.5 50 -2 1.7 -7.9
ECOW Pacer Emerging Markets Cash Cows 100 ETF 11.5 74 -26 13.7 +4.0
FNI First Trust Chindia ETF 11.4 60 -12 2.5 -7.2
VIDI Vident International Equity Fund 11.1 59 -11 11.4 +1.8
IXUS ishares Core MSCI Total International Stock ETF 10.9 9 39 7.4 -2.3
PGJ Invesco Golden Dragon China ETF 10.3 70 -22 3.4 -6.3
AIA iShares Asia 50 ETF 10.3 50 -2 7.8 -1.9
CEY VictoryShares Emerging Market High Dividend Volatility Wtd E 10.2 51 -3 16.4 +6.7
VEU Vanguard FTSE All-World ex-US Index Fund 9.9 8 40 7.6 -2.1
VXUS Vanguard Total International Stock Index Fund 9.6 8 40 7.6 -2.1
BUYZ Franklin Disruptive Commerce ETF 9.5 50 -2 -0.2 -9.8
CWI SPDR MSCI ACWI ex-US ETF 9.2 30 18 7.2 -2.4
ADRE Invesco BLDRS Emerging Markets 50 ADR Index Fund 9.1 18 30 4.9 -4.8
BICK First Trust BICK Index Fund 9.1 64 -16 4.7 -5.0
LVIN Hartford Multifactor Low Volatility International Equity ETF 9.1 29 19 11.6 +2.0
IQDF FlexShares International Quality Dividend Index Fund 9.0 47 1 9.2 -0.5
GIGE SoFi Gig Economy ETF 8.6 59 -11 -0.8 -10.5
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 8.5 60 -12 4.5 -5.2
XCEM Columbia EM Core ex-China ETF 8.3 16 32 7.1 -2.5
JOYY Infusive Compounding Global Equities ETF 8.2 50 -2 3.6 -6.0
WUGI Esoterica NextG Economy ETF 8.0 75 -27 1.5 -8.2
PNQI Invesco NASDAQ Internet ETF 8.0 60 -12 0.9 -8.7
EBIZ Global X E-Commerce ETF 7.9 50 -2 2.4 -7.2
EWY iShares MSCI South Korea ETF 7.8 59 -11 8.4 -1.3
FXI iShares China Large-Cap ETF 7.8 74 -26 13.1 +3.5
AIQ Global X Future Analytics Tech ETF 7.6 68 -20 4.0 -5.6
IQDE FlexShares International Quality Dividend Defensive Index Fd 7.6 47 1 9.2 -0.5
VYMI Vanguard International High Dividend Yield ETF 7.5 27 21 10.2 +0.5
DWLD Davis Select Worldwide ETF 7.3 63 -15 6.4 -3.3
DINT Davis Select International ETF 7.3 68 -20 5.7 -3.9
EDOG ALPS Emerging Sector Dividend Dogs ETF 7.1 60 -12 10.8 +1.1

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%.

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 Emerging Markets Multifactor Fund
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 12.3 %
Divided by: Fwd. P/BV 1.2 x
Less: Expense ratio 48 bp
Equals: ALTAR Score 9.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.41 CATEGORY
AVERAGE
1.43
 
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.