WisdomTree International Quality Dividend Growth Fund
ALTAR
Score™		 6.5% info Recommen-
dation		 UNDERWEIGHT
2020E    2021E
P/E
ratio		 21.3x P/Sales
ratio		 2.6x
P/BV
ratio		 3.1x Div.
yield		 2.6%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The WisdomTree International Quality Dividend Growth Fund tracks an index of dividend-paying total market stocks from developed markets outside the US and Canada. The index is weighted by annual cash dividends paid and screens for growth and quality factors.

FUND BASICS
Category International Equities
Fund Sponsor WisdomTree
Website www.wisdomtree.com
Inception date Apr 07, 2016
Assets (mns) $113
Currency USD
Expense ratio 38 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Dividend
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 236
Wgt avg mkt cap (mns) $61,912
Large cap (>$10bn) 83.0%
Mid cap ($2-10bn) 15.0%
Small cap (<$2bn) 2.0%
Developed mkts 99.8%
Emerging mkts 0.2%

TOP TEN HOLDINGS
NOVO NORDISK A/S-B 4.6 %
INDITEX 4.4 %
BRITISH AMERICAN TOBACCO PLC 4.3 %
UNILEVER NV 4.0 %
RIO TINTO PLC 3.5 %
SAP AG 3.2 %
TOKYO ELECTRON LTD 2.7 %
ASML HOLDING NV 2.7 %
ROCHE HOLDING AG-BR 2.3 %
PPR 2.2 %
Total 33.8 %

TOP COUNTRY EXPOSURE
JAPAN 21.9 %
BRITAIN 15.7 %
NETHERLANDS 8.5 %
DENMARK 8.5 %
SWITZERLAND 7.9 %
GERMANY 6.9 %
SPAIN 5.0 %
FRANCE 4.8 %
HONG KONG 3.9 %
AUSTRALIA 3.6 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-7.0% 8.8% -- -- 5.5%

Market Correlations
versus... Beta R-squared
S&P500 0.85 85%
MSCI EAFE 0.94 90%
MSCI Emg. Mkts. 0.70 75%

Technical Indicators
Recent close $30.25
30d moving avg. $27.90
Annualized volatility 15.6%
Short interest (ETF) 0.0%
Relative strength (RSI) 63

Liquidity measures
Avg. volume (thou.) 28
Turnover 0.8%
Bid/Ask (% of price) 0.16%
ADV underlying (mns) $12,934

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the WisdomTree International Quality Dividend Growth Fund ETF based on the alternatives' overlap in portfolio holdings with IQDG. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: IQDG Expense: 38 bp ALTAR Score™: 6.5%


ALTERNATIVE ETFs BASED ON OVERLAP WITH IQDG
Ticker Fund
Name		 Overlap1
vs IQDG
(%)		 Expense
ratio
(bp)		 Savings
vs IQDG
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs IQDG
(%)
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 92.6 58 -20 6.4 -0.1
EUDG WisdomTree Europe Quality Dividend Growth Fund 56.2 58 -20 6.2 -0.3
DNL WisdomTree Global ex-US Dividend Growth Fund 41.9 58 -20 8.0 +1.5
IDHQ Invesco S&P International Developed High Quality ETF 31.5 29 9 5.5 -1.0
IQLT iShares Edge MSCI Intl Quality Factor ETF 30.2 30 8 6.3 -0.2
EFG iShares MSCI EAFE Growth ETF 28.6 40 -2 4.8 -1.7
IMTM iShares Edge MSCI Intl Momentum Factor ETF 26.3 30 8 5.0 -1.5
QEFA SPDR MSCI EAFE Quality Mix ETF 21.7 30 8 6.9 +0.4
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 20.8 14 24 7.1 +0.6
OEUR O'shares FTSE Europe Quality Dividend ETF 20.6 48 -10 6.7 +0.2
HEDJ WisdomTree Europe Hedged Equity Fund 20.5 58 -20 7.2 +0.7
RFEU First Trust Riverfront Dynamic Europe ETF 20.3 83 -45 5.1 -1.4
PIZ Invesco DWA Developed Markets Momentum ETF 19.5 80 -42 4.3 -2.2
QINT American Century Quality Diversified International ETF 19.3 39 -1 6.0 -0.5
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 18.8 20 18 7.4 +0.9
IDMO Invesco S&P International Developed Momentum ETF 18.7 25 13 4.7 -1.8
IEV iShares Europe ETF 18.5 59 -21 7.0 +0.5
RFDI First Trust Riverfront Dynamic Developed International ETF 18.3 83 -45 6.4 -0.1
NUDM Nuveen ESG International Developed Markets Equity ETF 18.3 40 -2 7.0 +0.5
HFXE IQ 50 PERCENT HEDGED FTSE EUROPE ETF 18.2 30 8 7.0 +0.5
EUMV iShares Edge MSCI Min Vol Europe ETF 18.1 25 13 5.6 -0.9
FLEE Franklin FTSE Europe ETF 18.0 9 29 7.2 +0.7
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 17.9 25 13 6.9 +0.3
FLEH Franklin FTSE Europe Hedged ETF 17.8 9 29 7.3 +0.8
DBEU Xtrackers MSCI Europe Hedged Equity ETF 17.7 45 -7 6.9 +0.4
EFA iShares MSCI EAFE ETF 17.6 32 6 7.3 +0.8
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 17.4 35 3 7.1 +0.6
IEUR iShares Core MSCI Europe ETF 17.4 9 29 7.5 +1.0
ESGD iShares MSCI EAFE ESG Optimized ETF 16.9 20 18 7.3 +0.8
DHDG WisdomTree Dynamic Currency Hedged Intl Quality Div Growth 16.9 48 -10 0.0 -6.5
HFXI IQ 50 Percent Hedged FTSE International ETF 16.8 20 18 7.7 +1.1
FEU SPDR Portfolio Europe ETF 16.8 9 29 7.5 +0.9
DWCR Arrow DWA Country Rotation ETF 16.8 95 -57 17.8 +11.3
IEFA iShares Core MSCI EAFE ETF 16.6 7 31 7.4 +0.9
VGK Vanguard FTSE Europe ETF 16.5 8 30 7.5 +1.0
IQSI IQ Candriam ESG International Equity ETF 16.5 15 23 7.5 +0.9
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 16.4 7 31 7.7 +1.2
GSIE Goldman Sachs ActiveBeta International Equity ETF 16.4 25 13 6.9 +0.4
FDEV Fidelity Targeted International Factor ETF 16.4 39 -1 6.7 +0.1
RBIN Nationwide Risk-Based International Equity ETF 16.3 42 -4 6.5 -0.0
DOL WisdomTree International LargeCap Dividend Fund 16.2 48 -10 8.7 +2.2
BBEU JPMorgan BetaBuilders Europe ETF 16.1 9 29 7.5 +0.9
VIGI Vanguard International Dividend Appreciation ETF 15.8 25 13 6.0 -0.5
EURZ Xtrackers Eurozone Equity ETF 15.7 9 29 7.3 +0.8
DXJ WisdomTree Japan Hedged Equity Fund 15.7 48 -10 8.3 +1.8
EZU iShares MSCI Eurozone ETF 15.6 49 -11 7.0 +0.5
JPEU JPMorgan Diversified Return Europe Equity ETF 15.5 37 1 7.0 +0.5
JHMD John Hancock Multifactor Developed International ETF 15.5 45 -7 7.6 +1.1
TTAI TrimTabs All Cap International Free-Cash-Flow ETF 15.5 61 -23 5.0 -1.5
TPIF Timothy Plan International ETF 15.3 62 -24 7.1 +0.6
SCHF Schwab International Equity ETF 15.3 6 32 7.5 +1.0
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 15.3 45 -7 6.9 +0.4
JPXN iShares JPX-Nikkei 400 ETF 15.2 48 -10 7.5 +1.0
DWM WisdomTree International Equity Fund 15.2 48 -10 8.4 +1.9
JPN Xtrackers Japan JPX-Nikkei 400 Equity ETF 15.0 9 29 7.9 +1.4
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 14.9 39 -1 6.8 +0.3
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 14.9 35 3 8.7 +2.2
SPDW SPDR Portfolio Developed World ex-US ETF 14.7 4 34 7.4 +0.8
EWJ iShares MSCI Japan ETF 14.5 49 -11 7.4 +0.9
DBJP Xtrackers MSCI Japan Hedged Equity ETF 14.3 45 -7 7.4 +0.9
IDEV iShares Core MSCI International Developed Markets ETF 14.3 5 33 7.4 +0.9
HFXJ IQ 50 Percent Hedged FTSE Japan ETF 14.3 30 8 7.6 +1.1
FLJP Franklin FTSE Japan ETF 14.3 9 29 7.8 +1.3
QJPN SPDR MSCI Japan StrategicFactors ETF 14.2 14 24 8.0 +1.4
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 14.2 25 13 7.6 +1.0
BBJP JPMorgan BetaBuilders Japan ETF 14.1 19 19 7.7 +1.1
FLJH Franklin FTSE Japan Hedged ETF 14.1 9 29 7.7 +1.2
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 14.1 16 22 7.2 +0.7
VEA Vanguard FTSE Developed Markets ETF 13.9 5 33 7.6 +1.0
FLGB Franklin FTSE United Kingdom ETF 13.8 9 29 7.6 +1.1
CIL VictoryShares International Volatility Weighted Index ETF 13.8 45 -7 6.8 +0.3
EWU iShares MSCI United Kingdom ETF 13.7 50 -12 7.1 +0.6
IPAC iShares Core MSCI Pacific ETF 13.7 9 29 7.5 +1.0
QGBR SPDR MSCI UK StrategicFactors ETF 13.7 14 24 7.7 +1.2
GDVD Principal Active Global Dividend Income ETF 13.5 58 -20 5.1 -1.4
PDEV Principal International Multi-Factor Core Index ETF 13.4 25 13 8.0 +1.5
DOO WisdomTree International Dividend ex-Financials Fund 13.2 58 -20 8.8 +2.3
RFAP First Trust Riverfront Dynamic Asia Pacific ETF 13.2 83 -45 7.1 +0.6
DWMF WisdomTree International Multifactor Fund 13.1 38 0 6.9 +0.4
DIM WisdomTree International MidCap Dividend Fund 12.6 58 -20 7.8 +1.3
VPL Vanguard FTSE Pacific ETF 12.5 8 30 7.9 +1.3
PQIN PGIM QMA Strategic Alpha International Equity ETF 12.4 29 9 8.2 +1.7
IGRO iShares International Dividend Growth ETF 12.2 22 16 8.2 +1.7
EFAV iShares Edge MSCI Min Vol EAFE ETF 12.2 20 18 5.9 -0.6
ACWX iShares MSCI ACWI ex U.S. ETF 11.9 32 6 7.6 +1.1
ISZE iShares Edge MSCI Intl Size Factor ETF 11.9 30 8 7.1 +0.5
IQDY FlexShares International Quality Dividend Dynamic Index Fund 11.9 47 -9 13.8 +7.3
VSGX Vanguard ESG International Stock ETF 11.8 17 21 7.5 +1.0
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 11.7 40 -2 7.5 +1.0
SCID Global X Scientific Beta Europe ETF 11.6 38 0 7.1 +0.6
GXF Global X FTSE Nordic Region ETF 11.6 58 -20 11.2 +4.7
CWI SPDR MSCI ACWI ex-US ETF 11.6 30 8 7.8 +1.2
FEZ SPDR EURO STOXX 50 ETF 11.6 29 9 7.4 +0.9
VEU Vanguard FTSE All-World ex-US Index Fund 11.4 8 30 7.9 +1.3
IXUS ishares Core MSCI Total International Stock ETF 11.3 9 29 7.7 +1.2
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 11.2 24 14 7.3 +0.8
IDY Pacific Global International Equity Income ETF 11.1 39 -1 8.2 +1.6
FIVA Fidelity International Value Factor ETF 10.9 39 -1 10.4 +3.9
VXUS Vanguard Total International Stock Index Fund 10.7 8 30 7.8 +1.3

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 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 20.7 %
Divided by: Fwd. P/BV 3.0 x
Less: Expense ratio 38 bp
Equals: ALTAR Score 6.5 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.58 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.