WisdomTree Europe Quality Dividend Growth Fund
ALTAR
Score™
6.3% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
16.5x P/Sales
ratio
1.8x
P/BV
ratio
3.0x Div.
yield
3.3%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
WisdomTree Europe Dividend Growth Fund is an exchange-traded fund incorporated in the USA. The Fund seeks to provide exposure to European listed, dividend-paying companies with growth characteristics.

FUND BASICS
Category International Equities
Fund Sponsor WisdomTree Asset Management
Website www.wisdomtree.com
Inception date May 07, 2014
Assets (mns) $42
Currency USD
Expense ratio 58 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-End Investment Company
Custodian Bank of New York Mellon
Weighting Dividend
Index replication Optimized
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 213
Wgt avg mkt cap (mns) $83,638
Large cap (>$10bn) 82.6%
Mid cap ($2-10bn) 15.6%
Small cap (<$2bn) 1.8%
Developed mkts 99.9%
Emerging mkts 0.2%

TOP TEN HOLDINGS
ROCHE HOLDING AG-GENUSSCHEIN 6.1 %
BRITISH AMERICAN TOBACCO PLC 4.8 %
LVMH MOET HENNESSY LOUIS VUI 3.9 %
INDITEX 3.6 %
RIO TINTO PLC 3.0 %
NOVO NORDISK A/S-B 3.0 %
UNILEVER NV 2.9 %
L'OREAL 2.4 %
SAP AG 2.3 %
BHP BILLITON PLC 1.9 %
Total 34.0 %

TOP COUNTRY EXPOSURE
BRITAIN 22.9 %
FRANCE 15.7 %
SWITZERLAND 15.4 %
GERMANY 9.4 %
NETHERLANDS 7.8 %
DENMARK 6.1 %
SPAIN 4.8 %
SWEDEN 4.0 %
FINLAND 3.8 %
NORWAY 2.6 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru January 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-2.1% 17.5% 6.1% -- 3.4%

Market Correlations
versus... Beta R-squared
S&P500 0.77 58%
MSCI EAFE 1.03 86%
MSCI Emg. Mkts. 0.69 67%

Technical Indicators
Recent close $26.48
30d moving avg. $27.95
Annualized volatility 12.3%
Short interest (ETF) 0.2%
Relative strength (RSI) 48

Liquidity measures
Avg. volume (thou.) 5
Turnover 0.3%
Bid/Ask (% of price) 0.17%
ADV underlying (mns) $7,136

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: EUDG Expense: 58 bp ALTAR Score™: 6.3%


ALTERNATIVE ETFs BASED ON OVERLAP WITH EUDG
Ticker Fund
Name
Overlap1
vs EUDG
(%)
Expense
ratio
(bp)
Savings
vs EUDG
(bp)
ALTAR
Score™
(%)
ALTAR
vs EUDG
(%)
IQDG WisdomTree International Quality Dividend Growth Fund 56.8 38 20 6.4 +0.1
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 56.4 58 0 6.1 -0.3
IDHQ Invesco S&P International Developed High Quality ETF 34.0 29 29 5.3 -1.0
EFG iShares MSCI EAFE Growth ETF 33.6 40 18 4.7 -1.6
IQLT iShares Edge MSCI Intl Quality Factor ETF 32.1 30 28 6.2 -0.1
IEV iShares Europe ETF 31.4 59 -1 6.5 +0.2
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 30.3 30 28 6.7 +0.4
FLEE Franklin FTSE Europe ETF 30.2 9 49 7.0 +0.7
HEDJ WisdomTree Europe Hedged Equity Fund 30.2 58 0 7.7 +1.4
DBEU Xtrackers MSCI Europe Hedged Equity ETF 30.1 45 13 6.5 +0.1
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 29.9 25 33 6.6 +0.3
OEUR O'shares FTSE Europe Quality Dividend ETF 29.7 48 10 6.6 +0.2
FLEH Franklin FTSE Europe Hedged ETF 29.5 9 49 6.9 +0.5
IEUR iShares Core MSCI Europe ETF 29.4 9 49 7.0 +0.7
BBEU JPMorgan BetaBuilders Europe ETF 28.8 9 49 7.0 +0.7
FEU SPDR Portfolio Europe ETF 28.7 9 49 7.0 +0.7
VGK Vanguard FTSE Europe ETF 28.4 8 50 7.1 +0.7
EURZ Xtrackers Eurozone Equity ETF 26.9 9 49 7.2 +0.8
EZU iShares MSCI Eurozone ETF 26.8 49 9 6.8 +0.5
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 26.2 45 13 6.5 +0.2

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%.

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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 Europe Quality Dividend Growth Fund
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 20.4 %
Divided by: Fwd. P/BV 3.0 x
Less: Expense ratio 58 bp
Equals: ALTAR Score 6.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.68 CATEGORY
AVERAGE
1.64
 
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.