WisdomTree Emerging Markets Multifactor Fund
ALTAR
Score™
9.3% info Recommen-
dation
OVERWEIGHT
2020E    2021E
P/E
ratio
11.9x 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 227
Wgt avg mkt cap (mns) $69,852
Large cap (>$10bn) 41.6%
Mid cap ($2-10bn) 52.7%
Small cap (<$2bn) 4.3%
Developed mkts 9.5%
Emerging mkts 90.5%

TOP TEN HOLDINGS
ALIBABA GROUP HOLDING LTD. SPONSOR 4.1 %
TENCENT HOLDINGS LTD 3.2 %
TAIWAN SEMICONDUCTOR MANUFAC 2.0 %
NCSOFT CORPORATION 1.0 %
HARTALEGA HOLDINGS BHD 0.9 %
PLDT, INC. 0.9 %
SAMSUNG ELECTRONICS CO LTD 0.9 %
PING AN INSURANCE GROUP CO-H 0.9 %
TOP GLOVE CORP BHD 0.8 %
GF SECURITIES CO., LTD. CLASS H 0.8 %
Total 15.6 %

TOP COUNTRY EXPOSURE
CHINA 33.4 %
TAIWAN 17.2 %
SOUTH KOREA 9.5 %
INDIA 8.2 %
MALAYSIA 7.0 %
HONG KONG 6.6 %
RUSSIA 4.2 %
PHILIPPINES 3.1 %
TURKEY 3.0 %
INDONESIA 1.9 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru July 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-3.1% -0.6% -- -- -4.5%

Market Correlations
versus... Beta R-squared
S&P500 0.71 74%
MSCI EAFE 0.81 81%
MSCI Emg. Mkts. 0.69 93%

Technical Indicators
Recent close $22.08
30d moving avg. $21.59
Annualized volatility 17.3%
Short interest (ETF) 0.0%
Relative strength (RSI) 66

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.3%
Bid/Ask (% of price) 0.45%
ADV underlying (mns) $15,634

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™: 9.3%


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 37.7 32 16 8.2 -1.2
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 35.6 45 3 8.9 -0.5
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 31.8 32 16 8.9 -0.4
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 29.9 45 3 7.8 -1.5
JHEM John Hancock Multifactor Emerging Markets ETF 27.7 49 -1 8.4 -1.0
UEVM VictoryShares USAA MSCI Emerging Markets Value Momentum ETF 27.6 45 3 13.1 +3.8
EEMA iShares MSCI Emerging Markets Asia ETF 26.3 50 -2 7.5 -1.9
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 25.7 30 18 8.7 -0.7
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 25.6 40 8 7.3 -2.1
CEZ VictoryShares Emerging Market Volatility Wtd Index ETF 25.5 50 -2 10.3 +1.0
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 25.4 25 23 7.8 -1.6
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 25.1 32 16 6.2 -3.2
EELV Invesco S&P Emerging Markets Low Volatility ETF 24.3 29 19 9.9 +0.6
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 24.3 95 -47 9.2 -0.1
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 23.7 30 18 7.8 -1.6
AAXJ iShares MSCI All Country Asia ex Japan ETF 23.5 68 -20 7.0 -2.3
FLAX Franklin FTSE Asia Ex Japan ETF 23.3 19 29 7.7 -1.7
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 23.3 65 -17 7.4 -2.0
EEM iShares MSCI Emerging Markets ETF 23.2 68 -20 7.4 -2.0
SPEM SPDR Portfolio Emerging Markets ETF 22.8 11 37 7.8 -1.5
ROAM Hartford Multifactor Emerging Markets ETF 22.5 44 4 14.6 +5.2
SCHE Schwab Emerging Markets Equity ETF 22.2 11 37 7.9 -1.4
ESGE iShares ESG MSCI EM ETF 22.1 25 23 8.6 -0.8
MXDE Nationwide Maximum Diversification Emerging Mkts Core Eq 22.1 64 -16 4.5 -4.8
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 22.0 36 12 8.1 -1.3
GMF SPDR S&P Emerging Asia Pacific ETF 22.0 49 -1 7.3 -2.1
IEMG iShares Core MSCI Emerging Markets ETF 22.0 13 35 7.9 -1.5
AVEM Avantis Emerging Markets Equity ETF 21.8 33 15 8.7 -0.6
VWO Vanguard FTSE Emerging Markets ETF 21.2 10 38 8.0 -1.4
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 21.1 49 -1 7.7 -1.7
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 20.4 44 4 9.0 -0.4
PBEE Invesco PureBeta FTSE Emerging Markets ETF 20.4 15 33 8.6 -0.7
PXH Invesco FTSE RAFI Emerging Markets ETF 20.0 50 -2 13.3 +4.0
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 19.7 20 28 6.7 -2.6
NUEM Nuveen ESG Emerging Markets Equity ETF 19.2 45 3 7.0 -2.3
ISEM Invesco Strategic Emerging Markets ETF 19.2 35 13 10.3 +1.0
BKF iShares MSCI BRIC ETF 19.1 69 -21 7.4 -1.9
FNDE Schwab Fundamental Emerging Markets Large Co. Index ETF 18.8 39 9 12.8 +3.5
FDEM Fidelity Targeted Emerging Markets Factor ETF 18.4 45 3 9.5 +0.1
PIE Invesco DWA Emerging Markets Momentum ETF 18.1 90 -42 4.6 -4.7
MCHI iShares MSCI China ETF 17.6 59 -11 7.8 -1.5
RNEM Emerging Markets Equity Select ETF 17.4 75 -27 11.5 +2.2
GXC SPDR S&P China ETF 17.2 59 -11 8.0 -1.3
FEM First Trust Emerging Markets AlphaDEX Fund 17.0 80 -32 12.8 +3.5
FLCH Franklin FTSE China ETF 16.7 19 29 8.4 -1.0
KALL KraneShares FTSE Emerging Markets Plus ETF 16.3 49 -1 8.1 -1.2
EWT iShares MSCI Taiwan ETF 16.2 59 -11 5.6 -3.8
BKEM BNY Mellon Emerging Markets Equity ETF 15.8 11 37 8.4 -0.9
CXSE WisdomTree China ex-State-Owned Enterprises Fund 15.6 32 16 6.1 -3.3
EEMO Invesco S&P Emerging Markets Momentum ETF 15.3 29 19 6.3 -3.0
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 15.2 59 -11 10.9 +1.6
CN Xtrackers MSCI All China Equity ETF 14.6 50 -2 8.1 -1.2
FLTW Franklin FTSE Taiwan ETF 14.3 19 29 6.0 -3.3
DEM WisdomTree Emerging Markets High Dividend Fund 14.1 63 -15 14.2 +4.9
VIDI Vident International Equity Fund 13.9 59 -11 11.1 +1.7
ECON Columbia Emerging Markets Consumer ETF 13.5 59 -11 4.5 -4.8
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 12.7 16 32 6.9 -2.4
KEMX KraneShares MSCI Emerging Markets EX China Index ETF 12.5 49 -1 7.6 -1.7
EMXC iShares MSCI Emerging Markets ex China ETF 12.2 25 23 8.0 -1.4
ECOW Pacer Emerging Markets Cash Cows 100 ETF 11.4 70 -22 13.4 +4.0
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 11.3 86 -38 2.2 -7.2
VSGX Vanguard ESG International Stock ETF 10.8 17 31 7.1 -2.2
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 10.7 40 8 7.0 -2.3
CHIL Global X MSCI China Large-Cap 50 ETF 10.6 29 19 8.4 -1.0
ACWX iShares MSCI ACWI ex U.S. ETF 10.3 32 16 7.3 -2.1
FDNI First Trust Dow Jones International Internet ETF 10.1 65 -17 2.2 -7.1
KWEB KraneShares CSI China Internet ETF 9.7 76 -28 1.8 -7.5
IXUS ishares Core MSCI Total International Stock ETF 9.6 9 39 7.4 -2.0
IQDF FlexShares International Quality Dividend Index Fund 9.5 47 1 12.2 +2.9
PEK VanEck Vectors ChinaAMC CSI 300 ETF 9.5 60 -12 7.1 -2.2
VXUS Vanguard Total International Stock Index Fund 9.2 8 40 7.5 -1.8
XCEM Columbia EM Core ex-China ETF 9.2 16 32 7.1 -2.2
VEU Vanguard FTSE All-World ex-US Index Fund 9.0 8 40 7.5 -1.8
CEY VictoryShares Emerging Market High Dividend Volatility Wtd E 8.9 51 -3 14.1 +4.7
TTTN UP Fintech China-U.S. Internet Titans ETF 8.7 59 -11 4.2 -5.2
DWCR Arrow DWA Country Rotation ETF 8.6 95 -47 13.8 +4.4
GBUY Goldman Sachs Motif New Age Consumer ETF 8.5 50 -2 1.8 -7.6
OGIG O'Shares Global Internet Giants ETF 8.4 48 0 0.7 -8.7
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 8.0 80 -32 3.9 -5.5
JOYY Infusive Compounding Global Equities ETF 7.9 50 -2 3.6 -5.7
FXI iShares China Large-Cap ETF 7.9 74 -26 13.2 +3.8
CWI SPDR MSCI ACWI ex-US ETF 7.9 30 18 7.2 -2.2
AIA iShares Asia 50 ETF 7.8 50 -2 8.0 -1.4
LVIN Hartford Multifactor Low Volatility International Equity ETF 7.7 29 19 12.2 +2.8
CHIQ Global X China Consumer ETF 7.6 65 -17 7.0 -2.3
PIN Invesco India ETF 7.5 78 -30 5.4 -4.0
FLIN Franklin FTSE India ETF 7.3 19 29 5.4 -4.0
VYMI Vanguard International High Dividend Yield ETF 7.3 32 16 10.1 +0.7
INDA iShares MSCI India ETF 7.2 69 -21 4.9 -4.4
FNI First Trust Chindia ETF 7.2 60 -12 2.7 -6.7
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 7.2 60 -12 8.7 -0.7
EWY iShares MSCI South Korea ETF 7.1 59 -11 8.2 -1.2
BICK First Trust BICK Index Fund 7.1 64 -16 4.4 -4.9
BUYZ Franklin Disruptive Commerce ETF 7.1 50 -2 -0.2 -9.6
WUGI Esoterica NextG Economy ETF 7.1 75 -27 1.7 -7.6
EWM iShares MSCI Malaysia ETF 7.0 49 -1 5.7 -3.6
EPI WisdomTree India Earnings Fund 6.9 85 -37 8.2 -1.2
ADRE Invesco BLDRS Emerging Markets 50 ADR Index Fund 6.9 18 30 5.4 -4.0
GIGE SoFi Gig Economy ETF 6.8 59 -11 -0.6 -9.9

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 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 12.6 %
Divided by: Fwd. P/BV 1.3 x
Less: Expense ratio 48 bp
Equals: ALTAR Score 9.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.45 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.