WisdomTree International Quality Dividend Growth Fund
ALTAR
Score™		 5.9% info Recommen-
dation		 UNDERWEIGHT
2020E    2021E
P/E
ratio		 20.8x P/Sales
ratio		 3.0x
P/BV
ratio		 4.0x Div.
yield		 2.7%


  • 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) $166
Currency USD
Expense ratio 42 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 208
Wgt avg mkt cap (mns) $93,398
Large cap (>$10bn) 84.8%
Mid cap ($2-10bn) 9.5%
Small cap (<$2bn) 1.7%
Developed mkts 96.7%
Emerging mkts 0.3%

TOP TEN HOLDINGS
RIO TINTO PLC 6.8 %
BHP BILLITON LTD 6.0 %
LVMH MOET HENNESSY LOUIS VUI 4.2 %
SOFTBANK CORP. 4.1 %
ROCHE HOLDING AG-GENUSSCHEIN 3.9 %
GLAXOSMITHKLINE PLC 3.9 %
SAP AG 3.1 %
LINDE PLC 2.8 %
UNILEVER PLC 2.6 %
RIO TINTO LTD 2.5 %
Total 40.0 %

TOP COUNTRY EXPOSURE
JAPAN 19.6 %
BRITAIN 19.3 %
AUSTRALIA 11.8 %
SWITZERLAND 10.0 %
GERMANY 5.8 %
FRANCE 5.4 %
DENMARK 5.1 %
HONG KONG 4.2 %
NETHERLANDS 3.6 %
FINLAND 2.9 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
16.5% 16.5% -- -- 10.0%

Market Correlations
versus... Beta R-squared
S&P500 0.85 84%
MSCI EAFE 0.88 89%
MSCI Emg. Mkts. 0.70 73%

Technical Indicators
Recent close $38.15
30d moving avg. $36.74
Annualized volatility 17.4%
Short interest (ETF) 0.0%
Relative strength (RSI) 69

Liquidity measures
Avg. volume (thou.) 49
Turnover 1.1%
Bid/Ask (% of price) 0.10%
ADV underlying (mns) $14,498

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 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: 42 bp ALTAR Score™: 5.9%


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 90.0 58 -16 5.8 -0.2
DFAI Dimensional International Core Equity Market ETF 49.1 18 24 6.3 +0.4
EUDG WisdomTree Europe Quality Dividend Growth Fund 39.8 58 -16 6.4 +0.5
IQLT iShares Edge MSCI Intl Quality Factor ETF 35.8 30 12 5.2 -0.7
DNL WisdomTree Global ex-US Quality Dividend Growth Fund 35.3 58 -16 5.0 -0.9
EFG iShares MSCI EAFE Growth ETF 32.4 40 2 4.1 -1.9
IDHQ Invesco S&P International Developed Quality ETF 31.8 29 13 4.7 -1.2
RFDI First Trust Riverfront Dynamic Developed International ETF 27.4 83 -41 5.1 -0.8
QEFA SPDR MSCI EAFE Quality Mix ETF 26.4 30 12 6.0 +0.1
IMTM iShares Edge MSCI Intl Momentum Factor ETF 26.2 30 12 4.1 -1.8
RFEU First Trust Riverfront Dynamic Europe ETF 26.1 83 -41 5.6 -0.4
OEUR O'shares FTSE Europe Quality Dividend ETF 24.7 48 -6 5.1 -0.8
IDMO Invesco S&P International Developed Momentum ETF 24.7 26 16 3.7 -2.2
DOL WisdomTree International LargeCap Dividend Fund 24.5 48 -6 7.1 +1.2
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 24.1 14 28 6.1 +0.2
IQSI IQ Candriam ESG International Equity ETF 23.8 15 27 6.4 +0.5
RESD WisdomTree International ESG Fund 22.6 30 12 6.5 +0.6
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 22.2 20 22 6.3 +0.4
VIGI Vanguard International Dividend Appreciation ETF 21.9 20 22 5.0 -0.9
DMXF iShares ESG Advanced MSCI EAFE ETF 21.6 12 30 6.2 +0.3
EFA iShares MSCI EAFE ETF 21.4 32 10 6.2 +0.3
GSID Goldman Sachs MarketBeta International Equity ETF 21.2 20 22 6.3 +0.4
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 21.1 32 10 5.7 -0.3
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 21.0 35 7 6.1 +0.2
IEV iShares Europe ETF 20.8 59 -17 6.2 +0.3
ESGD iShares MSCI EAFE ESG Optimized ETF 20.8 20 22 6.1 +0.2
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 20.8 40 2 7.2 +1.3
DWM WisdomTree International Equity Fund 20.6 48 -6 7.1 +1.2
DBEU Xtrackers MSCI Europe Hedged Equity ETF 20.2 45 -3 5.9 +0.0
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 20.1 25 17 5.8 -0.1
FLEE Franklin FTSE Europe ETF 20.1 9 33 6.4 +0.5
FLEH Franklin FTSE Europe Hedged ETF 19.8 9 33 6.4 +0.5
BKIE BNY Mellon International Equity ETF 19.8 4 38 6.5 +0.6
BBEU JPMorgan BetaBuilders Europe ETF 19.8 9 33 6.6 +0.7
RBIN Nationwide Risk-Based International Equity ETF 19.7 42 0 6.0 +0.1
HFXI IQ 50 Percent Hedged FTSE International ETF 19.7 20 22 6.4 +0.5
NUDM Nuveen ESG International Developed Markets Equity ETF 19.6 40 2 5.9 -0.0
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 19.6 35 7 5.9 +0.0
GSIE Goldman Sachs ActiveBeta International Equity ETF 19.5 25 17 6.0 +0.0
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 19.3 7 35 6.5 +0.6
IEFA iShares Core MSCI EAFE ETF 19.2 7 35 6.4 +0.5
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 19.1 39 3 5.5 -0.4
SPEU SPDR Portfolio Europe ETF 18.9 9 33 6.7 +0.8
IEUR iShares Core MSCI Europe ETF 18.8 9 33 6.5 +0.6
PDEV Principal International Multi-Factor Core Index ETF 18.6 25 17 7.0 +1.1
EFAV iShares Edge MSCI Min Vol EAFE ETF 18.4 20 22 5.0 -0.9
JHMD John Hancock Multifactor Developed International ETF 18.3 39 3 6.5 +0.6
DWMF WisdomTree International Multifactor Fund 18.3 38 4 6.2 +0.3
FDEV Fidelity Targeted International Factor ETF 17.7 39 3 6.1 +0.2
VGK Vanguard FTSE Europe ETF 17.6 8 34 6.7 +0.8
SCHF Schwab International Equity ETF 17.6 6 36 6.5 +0.6
HEDJ WisdomTree Europe Hedged Equity Fund 17.5 58 -16 6.0 +0.1
IDEV iShares Core MSCI International Developed Markets ETF 16.8 5 37 6.4 +0.5
JIG JPMorgan International Growth ETF 16.6 55 -13 2.5 -3.5
QINT American Century Quality Diversified International ETF 16.3 39 3 5.6 -0.3
IPAC iShares Core MSCI Pacific ETF 16.3 9 33 6.3 +0.4
SPDW SPDR Portfolio Developed World ex-US ETF 16.2 4 38 6.2 +0.3
CIL VictoryShares International Volatility Weighted Index ETF 15.9 45 -3 6.3 +0.4
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 15.9 16 26 5.9 +0.0
PICK iShares MSCI Global Metals & Mining Producers ETF 15.9 39 3 5.4 -0.6
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 15.8 45 -3 6.3 +0.4
TPIF Timothy Plan International ETF 15.6 62 -20 6.0 +0.1
VEA Vanguard FTSE Developed Markets ETF 15.6 5 37 6.5 +0.6
LVHI Legg Mason International Low Volatility High Dividend ETF 15.3 40 2 9.0 +3.1
EUDV ProShares MSCI Europe Dividend Growers ETF 15.2 56 -14 4.9 -1.0
VSGX Vanguard ESG International Stock ETF 15.2 17 25 6.3 +0.4
IQDF FlexShares International Quality Dividend Index Fund 14.7 47 -5 7.8 +1.9
INTF iShares Edge MSCI Multifactor Intl ETF 14.7 30 12 7.2 +1.3
PIZ Invesco DWA Developed Markets Momentum ETF 14.6 81 -39 4.4 -1.5
EWU iShares MSCI United Kingdom ETF 14.5 51 -9 6.4 +0.5
FLGB Franklin FTSE United Kingdom ETF 14.3 9 33 6.8 +0.9
ZGBR SPDR Solactive United Kingdom ETF 14.2 14 28 6.9 +1.0
IGRO iShares International Dividend Growth ETF 14.1 15 27 7.0 +1.1
VPL Vanguard FTSE Pacific ETF 14.0 8 34 6.4 +0.5
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 14.0 25 17 6.2 +0.3
EWJ iShares MSCI Japan ETF 13.8 51 -9 6.1 +0.2
IQDE FlexShares International Quality Dividend Defensive Index ET 13.7 47 -5 7.8 +1.9
DBJP Xtrackers MSCI Japan Hedged Equity ETF 13.7 45 -3 6.1 +0.2
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 13.6 20 22 8.3 +2.4
ACWX iShares MSCI ACWI ex U.S. ETF 13.5 32 10 6.3 +0.4
FLJP Franklin FTSE Japan ETF 13.4 9 33 6.5 +0.6
FLJH Franklin FTSE Japan Hedged ETF 13.4 9 33 6.5 +0.6
FEZ SPDR EURO STOXX 50 ETF 13.4 29 13 6.1 +0.2
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 13.3 40 2 6.0 +0.1
CWI SPDR MSCI ACWI ex-US ETF 13.3 30 12 6.1 +0.2
EFAD ProShares MSCI EAFE Dividend Growers ETF 13.2 51 -9 5.0 -0.9
DOO WisdomTree International Dividend ex-Financials Fund 13.1 58 -16 7.7 +1.8
ZJPN SPDR Solactive Japan ETF 13.1 14 28 6.5 +0.6
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 13.1 80 -38 6.0 +0.1
RFAP First Trust Riverfront Dynamic Asia Pacific ETF 13.0 83 -41 5.0 -0.9
BBJP JPMorgan BetaBuilders Japan ETF 12.9 19 23 6.4 +0.5
JPN Xtrackers Japan JPX-Nikkei 400 Equity ETF 12.9 9 33 6.6 +0.7
IDLV Invesco S&P International Developed Low Volatility ETF 12.8 25 17 6.2 +0.3
JPXN iShares JPX-Nikkei 400 ETF 12.8 48 -6 6.2 +0.3
EZU iShares MSCI Eurozone ETF 12.8 51 -9 5.9 +0.0
PQIN PGIM QMA Strategic Alpha International Equity ETF 12.7 29 13 7.0 +1.1
VEU Vanguard FTSE All-World ex-US Index Fund 12.7 8 34 6.6 +0.7
RNDM First Trust Developed International Equity Select ETF 12.6 65 -23 5.6 -0.3

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 23.0 %
Divided by: Fwd. P/BV 3.6 x
Less: Expense ratio 42 bp
Equals: ALTAR Score 5.9 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.57 CATEGORY
AVERAGE		 1.54
 
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.