WisdomTree India Earnings
ALTAR
Score™
9.3% info Recommen-
dation
OVERWEIGHT
2019E    2020E
P/E
ratio
15.0x P/Sales
ratio
1.1x
P/BV
ratio
2.0x Div.
yield
2.3%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The fund seeks investment results that closely correspond to the price and yield performance, before fees and expenses, of the WisdomTree India Earnings index, which is weighted by earnings and are eligible for purchase by foreign investors.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor WisdomTree
Website www.wisdomtree.com
Inception date Feb 22, 2008
Assets (mns) $1,004
Currency USD
Expense ratio 85 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 306
Wgt avg mkt cap (mns) $34,362
Large cap (>$10bn) 59.7%
Mid cap ($2-10bn) 31.4%
Small cap (<$2bn) 8.9%
Developed mkts 0.0%
Emerging mkts 100.0%

TOP TEN HOLDINGS
RELIANCE INDUSTRIES LTD 11.2 %
HOUSING DEVELOPMENT FINANCE 8.3 %
INFOSYS TECHNOLOGIES LTD 5.5 %
TATA CONSULTANCY SVS LTD 3.4 %
OIL & NATURAL GAS CORP LTD 2.9 %
HCL TECHNOLOGIES LTD 2.0 %
COAL INDIA LTD 1.8 %
JSW STEEL LIMITED 1.7 %
AXIS BANK LIMITED 1.6 %
INDIAN OIL CORPORATION LTD 1.6 %
Total 40.1 %

TOP COUNTRY EXPOSURE
INDIA 97.7 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
1.5% 1.5% 3.6% 2.2% 0.6%

Market Correlations
versus... Beta R-squared
S&P500 0.30 5%
MSCI EAFE 0.56 13%
MSCI Emg. Mkts. 0.58 25%

Technical Indicators
Recent close $25.11
30d moving avg. $24.90
Annualized volatility 16.8%
Short interest (ETF) 7.2%
Relative strength (RSI) 62

Liquidity measures
Avg. volume (thou.) 1,024
Turnover 2.6%
Bid/Ask (% of price) 0.04%
ADV underlying (mns) $183

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: EPI Expense: 85 bp ALTAR Score™: 9.3%


ALTERNATIVE ETFs BASED ON OVERLAP WITH EPI
Ticker Fund
Name
Overlap1
vs EPI
(%)
Expense
ratio
(bp)
Savings
vs EPI
(bp)
ALTAR
Score™
(%)
ALTAR
vs EPI
(%)
FLIN Franklin FTSE India 68.0 19 66 6.5 -2.8
PIN Invesco India 64.3 82 3 6.8 -2.5
INDA iShares MSCI India 63.6 64 21 6.2 -3.1
IXSE WisdomTree India Ex-State-Owned Enterprises 58.4 58 27 5.8 -3.5
INDY iShares S&P India Nifty 50 58.1 94 -9 6.0 -3.3
NFTY First Trust India NIFTY 50 Equal Weight 48.4 80 5 8.6 -0.7
MXDE Nationwide Maximum Diversification Emg Mkts Core 16.4 64 21 5.2 -4.1
BKF iShares MSCI BRIC 14.9 67 18 7.9 -1.4
SMIN iShares MSCI India Small Cap 13.5 77 8 4.4 -4.9
RNEM First Trust Emerging Markets Equity Select 13.2 75 10 9.5 +0.2
EEMA iShares MSCI Emg Mkts Asia 11.5 50 35 8.2 -1.1
KEMX KraneShares MSCI Emerging Markets EX China Index 11.5 49 36 8.2 -1.1
JHEM John Hancock Multifactor Emerging Markets 10.3 55 30 8.4 -0.9
FLAX Franklin FTSE Asia Ex Japan 10.0 19 66 8.1 -1.2
QEMM SPDR MSCI Emerging Markets Quality Mix 10.0 30 55 8.8 -0.5
GMF SPDR S&P Emerging Asia Pacific 10.0 49 36 7.6 -1.7
CEZ Victory CEMP Emerging Market Volatility Weighted 9.8 50 35 8.8 -0.5
SCHE Schwab Emerging Markets Equity 9.8 13 72 8.1 -1.2
AAXJ iShares MSCI Asia ex-Japan 9.6 67 18 7.6 -1.7
VWO Vanguard Emerging Markets 9.4 12 73 8.1 -1.2

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

  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 India Earnings
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 17.9 %
Divided by: Fwd. P/BV 1.8 x
Less: Expense ratio 85 bp
Equals: ALTAR Score 9.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.47 CATEGORY
AVERAGE
1.48
 
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.