WisdomTree Europe Quality Dividend Growth Fund
ALTAR
Score™		 6.0% info Recommen-
dation		 UNDERWEIGHT
2020E    2021E
P/E
ratio		 22.4x P/Sales
ratio		 2.3x
P/BV
ratio		 3.2x Div.
yield		 2.7%


  • 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) $32
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 186
Wgt avg mkt cap (mns) $95,600
Large cap (>$10bn) 85.5%
Mid cap ($2-10bn) 13.1%
Small cap (<$2bn) 0.8%
Developed mkts 99.6%
Emerging mkts 0.3%

TOP TEN HOLDINGS
ROCHE HOLDING AG-GENUSSCHEIN 7.0 %
LVMH MOET HENNESSY LOUIS VUI 4.5 %
BRITISH AMERICAN TOBACCO PLC 4.2 %
RIO TINTO PLC 3.9 %
NOVO NORDISK A/S-B 3.5 %
UNILEVER NV 3.4 %
L'OREAL 3.3 %
INDITEX 3.2 %
SAP AG 3.2 %
DEUTSCHE POST AG-REG 2.4 %
Total 38.6 %

TOP COUNTRY EXPOSURE
BRITAIN 20.4 %
SWITZERLAND 17.8 %
FRANCE 15.3 %
GERMANY 10.6 %
DENMARK 7.9 %
NETHERLANDS 7.9 %
FINLAND 4.7 %
SWEDEN 4.0 %
SPAIN 3.7 %
NORWAY 2.4 %

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.
-3.6% 8.2% 4.7% -- 2.9%

Market Correlations
versus... Beta R-squared
S&P500 0.81 79%
MSCI EAFE 0.95 91%
MSCI Emg. Mkts. 0.66 73%

Technical Indicators
Recent close $27.66
30d moving avg. $26.92
Annualized volatility 15.7%
Short interest (ETF) 0.0%
Relative strength (RSI) 63

Liquidity measures
Avg. volume (thou.) 4
Turnover 0.4%
Bid/Ask (% of price) 0.18%
ADV underlying (mns) $9,358

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 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™: 6.0%


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 56.9 38 20 6.3 +0.3
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 56.6 58 0 6.1 +0.1
RFEU First Trust Riverfront Dynamic Europe ETF 32.4 83 -25 5.2 -0.8
HEDJ WisdomTree Europe Hedged Equity Fund 31.6 58 0 6.8 +0.8
IQLT iShares Edge MSCI Intl Quality Factor ETF 31.4 30 28 6.0 -0.0
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 30.6 30 28 6.9 +0.9
EFG iShares MSCI EAFE Growth ETF 30.6 40 18 4.5 -1.5
IEV iShares Europe ETF 30.3 59 -1 6.7 +0.7
DBEU Xtrackers MSCI Europe Hedged Equity ETF 29.5 45 13 6.5 +0.5
OEUR O'shares FTSE Europe Quality Dividend ETF 29.4 48 10 6.6 +0.6
FLEE Franklin FTSE Europe ETF 29.3 9 49 6.9 +0.9
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 29.1 25 33 6.4 +0.4
FLEH Franklin FTSE Europe Hedged ETF 29.1 9 49 7.0 +1.0
IEUR iShares Core MSCI Europe ETF 28.7 9 49 7.1 +1.1
FEU SPDR Portfolio Europe ETF 27.7 9 49 7.2 +1.2
BBEU JPMorgan BetaBuilders Europe ETF 27.5 9 49 7.2 +1.2
IDHQ Invesco S&P International Developed Quality ETF 27.2 29 29 5.0 -1.0
VGK Vanguard FTSE Europe ETF 26.6 8 50 7.3 +1.3
EZU iShares MSCI Eurozone ETF 25.2 49 9 6.5 +0.5
EURZ Xtrackers Eurozone Equity ETF 25.1 9 49 6.9 +0.9
IMTM iShares Edge MSCI Intl Momentum Factor ETF 24.9 30 28 4.3 -1.7
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 24.5 45 13 6.6 +0.6
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 24.3 58 0 7.7 +1.7
VIGI Vanguard International Dividend Appreciation ETF 23.8 25 33 5.5 -0.5
EUMV iShares Edge MSCI Min Vol Europe ETF 23.3 25 33 5.0 -1.0
QEFA SPDR MSCI EAFE Quality Mix ETF 22.9 30 28 6.8 +0.8
FEZ SPDR EURO STOXX 50 ETF 22.4 29 29 7.0 +1.0
SCID Global X Scientific Beta Europe ETF 22.0 39 19 6.3 +0.3
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 21.8 14 44 6.9 +0.9
RFDI First Trust Riverfront Dynamic Developed International ETF 21.0 83 -25 5.6 -0.4
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 20.4 20 38 7.0 +1.0
DOL WisdomTree International LargeCap Dividend Fund 20.4 48 10 8.5 +2.5
IDMO Invesco S&P International Developed Momentum ETF 20.3 26 32 4.4 -1.6
IQSI IQ Candriam ESG International Equity ETF 19.8 15 43 7.2 +1.2
EFA iShares MSCI EAFE ETF 19.4 32 26 6.9 +0.9
ESGD iShares MSCI EAFE ESG Optimized ETF 19.3 20 38 6.8 +0.8
FDEV Fidelity Targeted International Factor ETF 19.1 39 19 6.5 +0.5
DWCR Arrow DWA Country Rotation ETF 19.1 95 -37 13.6 +7.6
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 19.0 35 23 8.4 +2.4
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 18.8 35 23 6.7 +0.7
DWM WisdomTree International Equity Fund 18.5 48 10 8.2 +2.2
QINT American Century Quality Diversified International ETF 18.4 39 19 5.6 -0.4
NUDM Nuveen ESG International Developed Markets Equity ETF 18.3 40 18 6.7 +0.7
EWU iShares MSCI United Kingdom ETF 17.9 50 8 7.1 +1.1
QGBR SPDR MSCI UK StrategicFactors ETF 17.8 14 44 7.7 +1.7
IEFA iShares Core MSCI EAFE ETF 17.8 7 51 7.2 +1.2
GSIE Goldman Sachs ActiveBeta International Equity ETF 17.6 25 33 6.5 +0.5
HFXI IQ 50 Percent Hedged FTSE International ETF 17.6 20 38 7.3 +1.3
FLGB Franklin FTSE United Kingdom ETF 17.6 9 49 7.6 +1.6
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 17.5 30 28 0.0 -6.0
PIZ Invesco DWA Developed Markets Momentum ETF 17.5 81 -23 4.6 -1.4
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 17.3 7 51 7.4 +1.4
GSID Goldman Sachs MarketBeta International Equity ETF 17.1 20 38 7.2 +1.2
JHMD John Hancock Multifactor Developed International ETF 17.0 39 19 7.3 +1.3
BKIE BNY Mellon International Equity ETF 16.5 4 54 7.2 +1.2
RBIN Nationwide Risk-Based International Equity ETF 16.4 42 16 6.1 +0.1
SCHF Schwab International Equity ETF 16.0 6 52 7.2 +1.2
PDEV Principal International Multi-Factor Core Index ETF 15.9 25 33 7.7 +1.7
IDEV iShares Core MSCI International Developed Markets ETF 15.5 5 53 7.1 +1.1
TPIF Timothy Plan International ETF 15.4 62 -4 6.2 +0.2
EFAV iShares Edge MSCI Min Vol EAFE ETF 15.2 20 38 5.4 -0.6
FLFR Franklin FTSE France ETF 15.2 9 49 6.7 +0.7
RNDM Developed International Equity Select ETF 15.1 65 -7 6.2 +0.2
FLSW Franklin FTSE Switzerland ETF 15.0 9 49 5.5 -0.5
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 14.9 39 19 6.4 +0.4
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 14.9 32 26 6.3 +0.3
CIL VictoryShares International Volatility Weighted Index ETF 14.8 45 13 6.5 +0.5
EWL iShares MSCI Switzerland ETF 14.8 50 8 5.0 -1.0
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 14.8 45 13 6.5 +0.5
EWQ iShares MSCI France ETF 14.7 50 8 6.2 +0.2
SPDW SPDR Portfolio Developed World ex-US ETF 14.6 4 54 7.0 +1.0
IDY Pacific Global International Equity Income ETF 14.5 39 19 7.9 +1.9
VEA Vanguard FTSE Developed Markets ETF 14.4 5 53 7.3 +1.3
TTAI TrimTabs All Cap International Free-Cash-Flow ETF 14.2 61 -3 4.8 -1.2
INTF iShares Edge MSCI Multifactor Intl ETF 14.1 30 28 7.7 +1.7
KXI iShares Global Consumer Staples ETF 13.9 46 12 5.2 -0.8
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 13.5 16 42 6.8 +0.8
DIM WisdomTree International MidCap Dividend Fund 13.5 58 0 7.5 +1.5
DOO WisdomTree International Dividend ex-Financials Fund 13.2 58 0 8.6 +2.6
IQDF FlexShares International Quality Dividend Index Fund 13.1 47 11 12.1 +6.1
GDVD Principal Active Global Dividend Income ETF 13.1 58 0 4.7 -1.3
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 12.6 35 23 6.8 +0.8
ACWX iShares MSCI ACWI ex U.S. ETF 12.4 32 26 7.1 +1.1
EUDV ProShares MSCI Europe Dividend Growers ETF 12.4 55 3 5.6 -0.4
CWI SPDR MSCI ACWI ex-US ETF 12.3 30 28 7.1 +1.1
FIVA Fidelity International Value Factor ETF 12.3 39 19 9.8 +3.8
FEP First Trust Europe AlphaDEX Fund 12.2 80 -22 7.3 +1.3
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 12.1 40 18 6.9 +0.9
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 11.8 24 34 7.0 +1.0
IXUS ishares Core MSCI Total International Stock ETF 11.6 9 49 7.3 +1.3
VEU Vanguard FTSE All-World ex-US Index Fund 11.5 8 50 7.4 +1.4
IGRO iShares International Dividend Growth ETF 11.4 22 36 7.8 +1.8
IDLV Invesco S&P International Developed Low Volatility ETF 11.2 25 33 6.7 +0.7
DWMF WisdomTree International Multifactor Fund 11.2 38 20 6.6 +0.6
PQIN PGIM QMA Strategic Alpha International Equity ETF 11.1 29 29 7.6 +1.6
SDGA Impact Shares Sustainable Development Goals Global ETF 11.0 75 -17 5.3 -0.7
GXF Global X FTSE Nordic Region ETF 11.0 56 2 10.6 +4.6
VXUS Vanguard Total International Stock Index Fund 10.9 8 50 7.4 +1.4

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 19.8 %
Divided by: Fwd. P/BV 3.0 x
Less: Expense ratio 58 bp
Equals: ALTAR Score 6.0 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.64 CATEGORY
AVERAGE		 1.59
 
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.