WisdomTree International Hedged Quality Dividend Growth Fund
ALTAR
Score™
5.7% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
18.5x P/Sales
ratio
2.3x
P/BV
ratio
3.4x Div.
yield
2.8%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
WisdomTree International Hedged Dividend Growth Fund is an exchange-traded fund incorporated in the USA. The Fund seeks to provide exposure to developed market companies while at the same time neutralizing exposure to fluctuations between the value of foreign currencies and the U.S. dollar.

FUND BASICS
Category International Equities
Fund Sponsor WisdomTree Asset Management In
Website www.wisdomtree.com
Inception date May 07, 2014
Assets (mns) $697
Currency USD
Expense ratio 58 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-End Investment Company
Custodian State Street Bank & Trust Co
Weighting Dividend
Index replication Optimized
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 282
Wgt avg mkt cap (mns) $59,497
Large cap (>$10bn) 81.5%
Mid cap ($2-10bn) 15.6%
Small cap (<$2bn) 2.8%
Developed mkts 99.9%
Emerging mkts 0.1%

TOP TEN HOLDINGS
INDITEX 4.4 %
BRITISH AMERICAN TOBACCO PLC 4.0 %
UNILEVER NV 3.8 %
NOVO NORDISK A/S-B 3.7 %
RIO TINTO PLC 3.0 %
SAP AG 2.9 %
TOKYO ELECTRON LTD 2.6 %
PPR 2.2 %
ASML HOLDING NV 2.1 %
DIAGEO PLC 1.9 %
Total 30.5 %

TOP COUNTRY EXPOSURE
JAPAN 18.1 %
BRITAIN 17.4 %
GERMANY 7.7 %
NETHERLANDS 7.5 %
SWITZERLAND 6.9 %
DENMARK 6.7 %
SPAIN 5.8 %
FRANCE 5.7 %
AUSTRALIA 3.8 %
HONG KONG 3.7 %

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.
-1.2% 22.1% 9.2% -- 9.0%

Market Correlations
versus... Beta R-squared
S&P500 0.78 74%
MSCI EAFE 0.83 70%
MSCI Emg. Mkts. 0.51 46%

Technical Indicators
Recent close $37.45
30d moving avg. $36.99
Annualized volatility 11.0%
Short interest (ETF) 0.2%
Relative strength (RSI) 60

Liquidity measures
Avg. volume (thou.) 145
Turnover 0.8%
Bid/Ask (% of price) 0.09%
ADV underlying (mns) $8,438

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: IHDG Expense: 58 bp ALTAR Score™: 5.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH IHDG
Ticker Fund
Name
Overlap1
vs IHDG
(%)
Expense
ratio
(bp)
Savings
vs IHDG
(bp)
ALTAR
Score™
(%)
ALTAR
vs IHDG
(%)
IQDG WisdomTree International Quality Dividend Growth 92.5 38 20 6.1 +0.4
EUDG WisdomTree Europe Dividend 56.2 58 0 6.0 +0.3
DNL WisdomTree Global Ex-U.S. Growth 41.3 58 0 6.9 +1.1
IDHQ Invesco Int'l Developed High Quality Portfolio 31.8 29 29 5.1 -0.6
IQLT iShares MSCI Int'l Developed Quality 31.4 30 28 5.9 +0.2
EFG iShares MSCI EAFE Growth 30.7 40 18 4.5 -1.2
QEFA SPDR MSCI EAFE Quality Mix 22.3 30 28 6.5 +0.8
EASG Xtrackers MSCI EAFE ESG Leaders Equity 21.5 14 44 6.5 +0.7
IMTM iShares MSCI Int'l Developed Momentum 21.5 30 28 4.5 -1.2
QINT American Century Quality Diversified International 21.3 39 19 5.9 +0.2
PIZ Invesco DWA Dev. Mkts. Technical Leaders 19.8 80 -22 3.6 -2.1
OEUR O'Shares FTSE Europe Quality Dividend 19.6 48 10 6.3 +0.6
HEDJ Wisdomtree International Hedged Equity 19.5 58 0 7.2 +1.5
IEV iShares S&P Europe 350 19.2 59 -1 6.2 +0.5
GSEU Goldman Sachs ActiveBeta Europe Equity 19.2 25 33 6.3 +0.5
EFAX SPDR MSCI EAFE Fossil Fuel Free 18.9 20 38 6.7 +1.0
FLEE Franklin FTSE Europe 18.9 9 49 6.7 +0.9
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE 18.8 30 28 6.4 +0.6
IEUR iShares Core MSCI Europe 18.5 9 49 6.7 +1.0
FLEH Franklin FTSE Europe Hedged 18.5 9 49 6.5 +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 International Hedged 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 20.9 %
Divided by: Fwd. P/BV 3.3 x
Less: Expense ratio 58 bp
Equals: ALTAR Score 5.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.64 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.