WisdomTree Emerging Markets Multifactor Fund
ALTAR
Score™
9.9% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
11.6x P/Sales
ratio
0.8x
P/BV
ratio
1.4x Div.
yield
3.7%


  • 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) $8
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 225
Wgt avg mkt cap (mns) $51,639
Large cap (>$10bn) 39.9%
Mid cap ($2-10bn) 56.1%
Small cap (<$2bn) 4.1%
Developed mkts 6.6%
Emerging mkts 93.0%

TOP TEN HOLDINGS
ALIBABA GROUP HOLDING LTD. SPONSOR 3.5 %
TENCENT HOLDINGS LTD 2.3 %
TAIWAN SEMICONDUCTOR MANUFAC 1.6 %
SAMSUNG ELECTRONICS CO LTD 1.0 %
POSTAL SAVINGS BANK OF CHINA CO., 1.0 %
CHINA MINSHENG BANKING-H 1.0 %
SYNNEX TECHNOLOGY INTL CORP 0.9 %
SBERBANK-SPONSORED ADR 0.9 %
CHINA CONSTRUCTION BANK-H 0.9 %
ZHONGSHENG GROUP HOLDINGS 0.8 %
Total 13.8 %

TOP COUNTRY EXPOSURE
CHINA 28.3 %
TAIWAN 17.6 %
INDIA 12.4 %
SOUTH KOREA 6.6 %
MALAYSIA 5.8 %
RUSSIA 5.6 %
HONG KONG 5.3 %
BRAZIL 4.0 %
MEXICO 3.9 %
PHILIPPINES 2.5 %

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.
-12.9% -11.2% -- -- -10.9%

Market Correlations
versus... Beta R-squared
S&P500 0.67 77%
MSCI EAFE 0.78 86%
MSCI Emg. Mkts. 0.68 92%

Technical Indicators
Recent close $20.34
30d moving avg. $19.15
Annualized volatility 16.7%
Short interest (ETF) 0.0%
Relative strength (RSI) 64

Liquidity measures
Avg. volume (thou.) 2
Turnover 0.5%
Bid/Ask (% of price) 0.53%
ADV underlying (mns) $11,256

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 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™: 9.9%


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
(%)
EMCG WisdomTree Emerging Markets Consumer Growth Fund 35.1 32 16 7.9 -1.9
DVEM WisdomTree Emerging Markets Dividend Fund 34.6 32 16 9.1 -0.8
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 34.3 32 16 9.5 -0.3
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 31.8 45 3 10.0 +0.1
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 29.3 45 3 8.7 -1.2
JHEM John Hancock Multifactor Emerging Markets ETF 28.7 55 -7 8.8 -1.0
CEZ VictoryShares Emerging Market Volatility Wtd Index ETF 27.7 50 -2 9.9 +0.0
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 27.5 30 18 9.4 -0.5
ROAM Hartford Multifactor Emerging Markets ETF 27.2 44 4 14.8 +5.0
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 26.7 45 3 13.5 +3.6
EELV Invesco S&P Emerging Markets Low Volatility ETF 26.3 29 19 9.9 +0.1
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 24.9 40 8 7.9 -2.0
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 24.7 95 -47 10.1 +0.3
EEMA iShares MSCI Emerging Markets Asia ETF 24.1 50 -2 8.4 -1.5
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 23.4 32 16 6.8 -3.1
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 23.3 30 18 8.8 -1.1
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 23.3 45 3 9.0 -0.9
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 23.1 25 23 8.4 -1.4
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 23.1 65 -17 8.4 -1.5
EEM iShares MSCI Emerging Markets ETF 22.8 68 -20 8.3 -1.6
MXDE Nationwide Maximum Diversification Emerging Mkts Core Eq 22.7 64 -16 5.3 -4.6
SPEM SPDR Portfolio Emerging Markets ETF 22.4 11 37 8.6 -1.3
SCHE Schwab Emerging Markets Equity ETF 22.2 13 35 8.7 -1.2
RNEM Emerging Markets Equity Select ETF 22.1 75 -27 10.4 +0.6
FDEM Fidelity Targeted Emerging Markets Factor ETF 22.1 45 3 9.7 -0.2
IEMG iShares Core MSCI Emerging Markets ETF 21.6 14 34 8.7 -1.2
AAXJ iShares MSCI All Country Asia ex Japan ETF 21.5 68 -20 8.0 -1.9
ESGE iShares ESG MSCI EM ETF 21.4 25 23 9.7 -0.2
FLAX Franklin FTSE Asia Ex Japan ETF 21.4 19 29 8.5 -1.4
VWO Vanguard FTSE Emerging Markets ETF 21.3 10 38 8.8 -1.0
AVEM Avantis Emerging Markets Equity ETF 20.6 33 15 9.5 -0.3
ISEM Invesco Strategic Emerging Markets ETF 20.5 35 13 10.3 +0.5
GMF SPDR S&P Emerging Asia Pacific ETF 20.5 49 -1 8.0 -1.9
PXH Invesco FTSE RAFI Emerging Markets ETF 20.5 50 -2 13.7 +3.8
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 20.5 49 -1 9.0 -0.9
BKF iShares MSCI BRIC ETF 20.1 69 -21 8.5 -1.4
PBEE Invesco PureBeta FTSE Emerging Markets ETF 19.5 14 34 9.5 -0.4
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 19.0 39 9 13.1 +3.2
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 18.9 20 28 7.6 -2.2
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 18.9 59 -11 11.1 +1.2
FEM First Trust Emerging Markets AlphaDEX Fund 17.6 80 -32 11.8 +1.9
PIE Invesco DWA Emerging Markets Momentum ETF 17.2 90 -42 5.7 -4.1
NUEM Nuveen ESG Emerging Markets Equity ETF 16.6 45 3 7.8 -2.1
EEMO Invesco S&P Emerging Markets Momentum ETF 16.3 30 18 7.1 -2.7
MCHI iShares MSCI China ETF 16.0 59 -11 9.1 -0.8
DEM WisdomTree Emerging Markets High Dividend Fund 16.0 63 -15 14.2 +4.3
EWT iShares MSCI Taiwan ETF 15.7 59 -11 6.4 -3.5
FLCH Franklin FTSE China ETF 15.5 19 29 9.2 -0.6
GXC SPDR S&P China ETF 15.3 59 -11 8.9 -0.9
KALL KraneShares FTSE Emerging Markets Plus ETF 14.5 49 -1 9.2 -0.7
FLTW Franklin FTSE Taiwan ETF 13.8 19 29 6.7 -3.2
CN Xtrackers MSCI All China Equity ETF 13.5 50 -2 9.4 -0.5
WCHN WisdomTree ICBCCS S&P China 500 Fund 13.3 55 -7 9.2 -0.7
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 13.3 49 -1 8.3 -1.6
EMXC iShares MSCI Emerging Markets ex China ETF 12.3 49 -1 8.4 -1.5
AXJL WisdomTree Asia Pacific ex-Japan Fund 12.2 48 0 10.0 +0.2
ECON Columbia Emerging Markets Consumer ETF 11.9 59 -11 4.9 -4.9
VIDI Vident International Equity Fund 11.9 59 -11 11.3 +1.5
CXSE WisdomTree China ex-State-Owned Enterprises Fund 11.7 32 16 7.0 -2.9
ECOW Pacer Emerging Markets Cash Cows 100 ETF 11.7 70 -22 13.0 +3.2
FLIN Franklin FTSE India ETF 11.5 19 29 6.4 -3.4
INDA iShares MSCI India ETF 11.5 69 -21 6.1 -3.8
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 11.4 16 32 7.1 -2.8
PIN Invesco India ETF 11.2 82 -34 6.4 -3.5
LVIN Hartford Multifactor Low Volatility International Equity ETF 10.5 29 19 12.2 +2.3
VSGX Vanguard ESG International Stock ETF 10.1 17 31 7.4 -2.5
FXI iShares China Large-Cap ETF 9.8 74 -26 13.5 +3.7
IXSE WisdomTree India Ex-State-Owned Enterprises Fund 9.8 58 -10 5.6 -4.2
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 9.7 40 8 7.4 -2.5
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 9.6 60 -12 8.4 -1.4
DWCR Arrow DWA Country Rotation ETF 9.6 95 -47 17.6 +7.7
CHIL Global X MSCI China Large-Cap 50 ETF 9.5 29 19 9.5 -0.3
CEY VictoryShares Emerging Market High Dividend Volatility Wtd E 9.4 51 -3 13.4 +3.5
EPI WisdomTree India Earnings Fund 9.4 85 -37 9.9 +0.0
ACWX iShares MSCI ACWI ex U.S. ETF 9.3 32 16 7.5 -2.4
XCEM Columbia EM Core ex-China ETF 8.8 16 32 7.8 -2.1
IXUS ishares Core MSCI Total International Stock ETF 8.8 9 39 7.6 -2.3
VXUS Vanguard Total International Stock Index Fund 8.5 8 40 7.7 -2.2
VEU Vanguard FTSE All-World ex-US Index Fund 8.4 8 40 7.7 -2.1
BICK First Trust BICK Index Fund 8.3 64 -16 4.4 -5.5
AIA iShares Asia 50 ETF 8.0 50 -2 8.9 -0.9
CWI SPDR MSCI ACWI ex-US ETF 7.4 30 18 7.6 -2.2
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 7.3 80 -32 1.7 -8.1
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 7.1 86 -38 2.3 -7.5
PEK VanEck Vectors ChinaAMC CSI 300 ETF 7.0 60 -12 8.1 -1.7
IQDY FlexShares International Quality Dividend Dynamic Index Fund 7.0 47 1 13.5 +3.6
DNL WisdomTree Global ex-US Dividend Growth Fund 7.0 58 -10 8.0 -1.9
EEMD AAM S&P Emerging Markets High Dividend Value ETF 6.9 50 -2 20.8 +11.0
IQDE FlexShares International Quality Dividend Defensive Index Fd 6.8 47 1 12.7 +2.9
GBUY Goldman Sachs Motif New Age Consumer ETF 6.8 50 -2 2.1 -7.7
TTTN UP Fintech China-U.S. Internet Titans ETF 6.8 59 -11 5.0 -4.8
KWEB KraneShares CSI China Internet ETF 6.8 76 -28 3.4 -6.5
FDNI First Trust Dow Jones International Internet ETF 6.8 65 -17 2.8 -7.0
FLLA Franklin FTSE Latin America ETF 6.8 19 29 6.9 -3.0
EDIV SPDR S&P Emerging Markets Dividend ETF 6.7 49 -1 11.5 +1.6
CHIX Global X China Financials ETF 6.6 65 -17 18.9 +9.1
JOYY Infusive Compounding Global Equities ETF 6.6 50 -2 3.9 -5.9
OBOR KraneShares MSCI One Belt One Road Index ETF 6.6 79 -31 9.7 -0.2
VIGI Vanguard International Dividend Appreciation ETF 6.4 25 23 5.9 -3.9
NFTY First Trust India NIFTY 50 Equal Weight ETF 6.4 80 -32 8.7 -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:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 13.5 %
Divided by: Fwd. P/BV 1.3 x
Less: Expense ratio 48 bp
Equals: ALTAR Score 9.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.46 CATEGORY
AVERAGE
1.45
 
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.