WisdomTree Europe Quality Dividend Growth Fund
ALTAR
Score™		 5.8% info Recommen-
dation		 UNDERWEIGHT
2020E    2021E
P/E
ratio		 23.0x P/Sales
ratio		 2.4x
P/BV
ratio		 3.3x Div.
yield		 2.6%


  • 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) $36
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) $91,016
Large cap (>$10bn) 85.6%
Mid cap ($2-10bn) 12.8%
Small cap (<$2bn) 1.0%
Developed mkts 99.7%
Emerging mkts 0.3%

TOP TEN HOLDINGS
BRITISH AMERICAN TOBACCO PLC 4.8 %
ROCHE HOLDING AG-GENUSSCHEIN 4.4 %
NESTLE SA-REG 4.2 %
GLAXOSMITHKLINE PLC 4.1 %
RIO TINTO PLC 4.0 %
SANOFI-AVENTIS 3.5 %
SIEMENS AG-REG 3.1 %
DEUTSCHE TELEKOM AG 2.8 %
LVMH MOET HENNESSY LOUIS VUI 2.6 %
IBERDROLA SA 2.4 %
Total 36.0 %

TOP COUNTRY EXPOSURE
BRITAIN 24.0 %
FRANCE 16.6 %
GERMANY 15.3 %
SWITZERLAND 14.0 %
NETHERLANDS 7.1 %
SPAIN 5.5 %
DENMARK 4.3 %
ITALY 3.0 %
SWEDEN 2.6 %
FINLAND 2.6 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-5.2% 1.9% 4.8% -- 2.5%

Market Correlations
versus... Beta R-squared
S&P500 0.80 77%
MSCI EAFE 0.95 90%
MSCI Emg. Mkts. 0.66 68%

Technical Indicators
Recent close $28.97
30d moving avg. $28.08
Annualized volatility 16.2%
Short interest (ETF) 3.5%
Relative strength (RSI) 54

Liquidity measures
Avg. volume (thou.) 8
Turnover 0.6%
Bid/Ask (% of price) 0.17%
ADV underlying (mns) $7,279

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 97 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™: 5.8%


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
(%)
IEV iShares Europe ETF 40.8 59 -1 6.4 +0.7
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 40.7 58 0 6.0 +0.2
IQDG WisdomTree International Quality Dividend Growth Fund 40.7 42 16 6.1 +0.3
DBEU Xtrackers MSCI Europe Hedged Equity ETF 40.2 45 13 6.3 +0.5
OEUR O'shares FTSE Europe Quality Dividend ETF 40.1 48 10 6.6 +0.9
FLEH Franklin FTSE Europe Hedged ETF 40.0 9 49 6.7 +1.0
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 40.0 25 33 6.1 +0.4
FLEE Franklin FTSE Europe ETF 39.7 9 49 6.6 +0.8
BBEU JPMorgan BetaBuilders Europe ETF 39.5 9 49 6.9 +1.1
FEU SPDR Portfolio Europe ETF 37.7 9 49 6.9 +1.1
IEUR iShares Core MSCI Europe ETF 37.4 9 49 6.8 +1.0
RFEU First Trust Riverfront Dynamic Europe ETF 36.8 83 -25 5.6 -0.1
DOL WisdomTree International LargeCap Dividend Fund 36.5 48 10 8.5 +2.7
VGK Vanguard FTSE Europe ETF 36.4 8 50 6.9 +1.2
HEDJ WisdomTree Europe Hedged Equity Fund 35.6 58 0 6.7 +1.0
EURZ Xtrackers Eurozone Equity ETF 35.2 9 49 6.5 +0.7
EZU iShares MSCI Eurozone ETF 34.7 49 9 6.1 +0.3
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 34.2 45 13 6.2 +0.5
EFG iShares MSCI EAFE Growth ETF 33.3 40 18 4.3 -1.5
DWM WisdomTree International Equity Fund 31.8 48 10 8.1 +2.3
FEZ SPDR EURO STOXX 50 ETF 31.7 29 29 6.3 +0.5
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 31.5 35 23 8.3 +2.5
IQLT iShares Edge MSCI Intl Quality Factor ETF 30.8 30 28 5.6 -0.1
IQSI IQ Candriam ESG International Equity ETF 29.4 15 43 6.9 +1.1
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 27.6 20 38 6.6 +0.8
IMTM iShares Edge MSCI Intl Momentum Factor ETF 27.3 30 28 4.3 -1.5
QEFA SPDR MSCI EAFE Quality Mix ETF 27.0 30 28 6.3 +0.6
ESGD iShares MSCI EAFE ESG Optimized ETF 26.8 20 38 6.4 +0.6
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 26.4 14 44 6.4 +0.6
EFA iShares MSCI EAFE ETF 26.2 32 26 6.5 +0.8
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 26.0 35 23 6.4 +0.7
RESD WisdomTree International ESG Fund 25.7 30 28 6.4 +0.7
IDHQ Invesco S&P International Developed Quality ETF 25.7 29 29 4.8 -1.0
GSID Goldman Sachs MarketBeta International Equity ETF 25.5 20 38 6.8 +1.0
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 25.4 32 26 5.8 0.0
RFDI First Trust Riverfront Dynamic Developed International ETF 25.2 83 -25 5.2 -0.5
GSIE Goldman Sachs ActiveBeta International Equity ETF 25.0 25 33 6.3 +0.5
IDY Pacific Global International Equity Income ETF 24.9 39 19 8.7 +2.9
JHMD John Hancock Multifactor Developed International ETF 24.4 39 19 6.8 +1.0
HFXI IQ 50 Percent Hedged FTSE International ETF 24.2 20 38 6.9 +1.1
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 24.1 20 38 8.9 +3.2
PDEV Principal International Multi-Factor Core Index ETF 24.1 25 33 7.3 +1.5
BKIE BNY Mellon International Equity ETF 24.1 4 54 6.8 +1.1
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 23.7 7 51 6.9 +1.1
IEFA iShares Core MSCI EAFE ETF 23.5 7 51 6.7 +1.0
VIGI Vanguard International Dividend Appreciation ETF 23.5 20 38 5.2 -0.6
FDEV Fidelity Targeted International Factor ETF 23.1 39 19 6.2 +0.5
CIL VictoryShares International Volatility Weighted Index ETF 22.2 45 13 6.5 +0.7
SCHF Schwab International Equity ETF 21.9 6 52 6.8 +1.0
DTH WisdomTree DEFA Equity Income Fund 21.5 58 0 9.5 +3.7
NUDM Nuveen ESG International Developed Markets Equity ETF 21.4 40 18 6.2 +0.4
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 21.3 39 19 6.1 +0.3
IDEV iShares Core MSCI International Developed Markets ETF 21.2 5 53 6.7 +0.9
IDMO Invesco S&P International Developed Momentum ETF 21.1 26 32 3.9 -1.9
FLGB Franklin FTSE United Kingdom ETF 21.1 9 49 7.3 +1.5
EWU iShares MSCI United Kingdom ETF 20.8 50 8 6.9 +1.1
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 20.5 45 13 6.5 +0.7
QGBR SPDR MSCI UK StrategicFactors ETF 20.4 14 44 7.5 +1.7
EFAV iShares Edge MSCI Min Vol EAFE ETF 20.1 20 38 5.1 -0.6
DMXF iShares ESG Advanced MSCI EAFE ETF 20.1 12 46 6.4 +0.7
SPDW SPDR Portfolio Developed World ex-US ETF 19.7 4 54 6.5 +0.8
FIVA Fidelity International Value Factor ETF 19.5 39 19 9.1 +3.3
VEA Vanguard FTSE Developed Markets ETF 19.5 5 53 6.9 +1.1
RNDM Developed International Equity Select ETF 19.4 65 -7 5.8 +0.0
IGRO iShares International Dividend Growth ETF 19.3 22 36 7.7 +1.9
RBIN Nationwide Risk-Based International Equity ETF 19.2 42 16 6.1 +0.4
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 18.8 35 23 6.3 +0.5
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 18.7 80 -22 6.3 +0.5
QINT American Century Quality Diversified International ETF 18.5 39 19 6.0 +0.2
CWI SPDR MSCI ACWI ex-US ETF 17.8 30 28 6.7 +0.9
LVHI Legg Mason International Low Volatility High Dividend ETF 17.6 40 18 8.9 +3.1
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 17.4 16 42 6.4 +0.7
HDAW Xtrackers MSCI All World ex US High Dividend Yield Hedged 17.3 20 38 10.5 +4.8
DWCR Arrow DWA Country Rotation ETF 17.3 95 -37 5.5 -0.3
VSGX Vanguard ESG International Stock ETF 17.2 17 41 6.7 +1.0
MVIN Natixis Seeyond International Minimum Volatility ETF 17.0 56 2 5.5 -0.3
ACWX iShares MSCI ACWI ex U.S. ETF 16.8 32 26 6.7 +1.0
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 16.8 40 18 6.6 +0.9
IQDE FlexShares International Quality Dividend Defensive Index Fd 16.7 47 11 8.4 +2.6
VGFO Virtus WMC Global Factor Opportunities ETF 16.7 49 9 7.6 +1.8
FLFR Franklin FTSE France ETF 16.6 9 49 6.0 +0.3
EWQ iShares MSCI France ETF 16.5 50 8 5.6 -0.2
TPIF Timothy Plan International ETF 16.4 62 -4 6.1 +0.4
DOO WisdomTree International Dividend ex-Financials Fund 16.4 58 0 8.5 +2.8
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 16.4 45 13 8.0 +2.3
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 16.2 58 0 5.5 -0.3
IQIN IQ 500 International ETF 15.8 25 33 7.8 +2.1
RODM Hartford Multifactor Developed Markets (ex-US) ETF 15.8 29 29 7.3 +1.6
IQDF FlexShares International Quality Dividend Index Fund 15.8 47 11 8.4 +2.6
DWMF WisdomTree International Multifactor Fund 15.7 38 20 6.2 +0.4
JIG JPMorgan International Growth ETF 15.7 55 3 2.9 -2.9
VEU Vanguard FTSE All-World ex-US Index Fund 15.5 8 50 7.0 +1.3
EFV iShares MSCI EAFE Value ETF 15.5 39 19 8.7 +2.9
IXUS ishares Core MSCI Total International Stock ETF 15.3 9 49 6.9 +1.1
PQIN PGIM QMA Strategic Alpha International Equity ETF 15.2 29 29 7.3 +1.6
KXI iShares Global Consumer Staples ETF 15.0 46 12 5.2 -0.6
SDGA Impact Shares Sustainable Development Goals Global ETF 15.0 75 -17 5.0 -0.8

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 19.6 %
Divided by: Fwd. P/BV 3.1 x
Less: Expense ratio 58 bp
Equals: ALTAR Score 5.8 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.62 CATEGORY
AVERAGE		 1.55
 
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.