WisdomTree Modern Tech Platforms
ALTAR
Score™
2.8% info Recommen-
dation
UNDERWEIGHT
2019E    2020E
P/E
ratio
46.4x P/Sales
ratio
4.6x
P/BV
ratio
5.1x Div.
yield
0.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The WisdomTree Modern Tech Platforms Fund seeks to track the investment results of mid and large-cap companies on a U.S. or European stock exchange that are generating substantial revenue from a modern platform business.

FUND BASICS
Category Global Equities
Fund Sponsor WisdomTree
Website www.wisdomtree.com
Inception date May 21, 2019
Assets (mns) $1
Currency USD
Expense ratio 45 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 70
Wgt avg mkt cap (mns) $253,309
Large cap (>$10bn) 57.7%
Mid cap ($2-10bn) 41.7%
Small cap (<$2bn) 0.0%
Developed mkts 86.4%
Emerging mkts 13.6%

TOP TEN HOLDINGS
PINDUODUO, INC. SPONSORED ADR CLAS 5.1 %
COUPA SOFTWARE, INC. 4.4 %
TELADOC INC 4.3 %
LINE CORP. SPONSORED ADR 4.3 %
LONDON STOCK EXCHANGE GROUP 4.1 %
MARKETAXESS HOLDINGS INC 4.1 %
APPLE INC 4.1 %
ANAPLAN, INC. 4.1 %
SNAP, INC. CLASS A 4.0 %
COPART INC 4.0 %
Total 42.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 124.9 %
CHINA 33.6 %
BRITAIN 12.2 %
GERMANY 10.7 %
JAPAN 8.2 %
NETHERLANDS 6.6 %
CANADA 3.8 %
ARGENTINA 3.6 %
INDIA 3.1 %


HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru January 01)
Year-to-date 1 year 5 years 10 years Since Incep.
-- -- -- -- 0.0%

Market Correlations
versus... Beta R-squared
S&P500 -- --
MSCI EAFE -- --
MSCI Emg. Mkts. -- --

Technical Indicators
Recent close $24.93
30d moving avg. $0.00
Annualized volatility 0.0%
Short interest (ETF) 0.0%
Relative strength (RSI)

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.00%
ADV underlying (mns) $34,292

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 19 potential alternatives to the WisdomTree Modern Tech Platforms ETF based on the alternatives' overlap in portfolio holdings with PLAT. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: PLAT Expense: 45 bp ALTAR Score™: 2.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH PLAT
Ticker Fund
Name
Overlap1
vs PLAT
(%)
Expense
ratio
(bp)
Savings
vs PLAT
(bp)
ALTAR
Score™
(%)
ALTAR
vs PLAT
(%)
GIGE SoFi Gig Economy 46.0 59 -14 0.4 -2.4
OGIG O'Shares Global Internet Giants 40.5 48 -3 1.5 -1.3
XWEB SPDR S&P Internet 37.0 35 10 1.5 -1.3
PNQI Invesco Nasdaq Internet 36.9 62 -17 2.8 +0.0
TTTN TigerShares China-U.S. Internet Titans 36.5 59 -14 3.9 +1.1
ARKF ARK Fintech Innovation 36.1 75 -30 1.8 -1.0
IBUY Amplify Online Retail 34.9 65 -20 -0.6 -3.4
EBIZ Global X E-commerce 33.7 68 -23 2.8 +0.0
XNTK SPDR NYSE Technology 30.6 35 10 5.6 +2.8
ARKW ARK Web x.O 30.4 75 -30 -0.8 -3.5
MILN Global X Millennials Thematic 30.3 50 -5 2.9 +0.1
SOCL Global X Social Media 30.0 65 -20 4.3 +1.6
EMQQ Emerging Markets Internet & E-Commerce 29.2 86 -41 3.8 +1.0
IGM iShares S&P N. American Technology 28.9 46 -1 4.6 +1.8
IETC iShares Evolved U.S. Technology 28.6 18 27 4.8 +2.1
FDN First Trust DJ Internet 28.5 52 -7 3.3 +0.6
KWEB KraneShares CSI China Internet 27.9 76 -31 3.8 +1.1
GBUY Goldman Sachs Motif New Age Consumer 27.9 50 -5 3.0 +0.2
PGJ Invesco Golden Dragon China 25.7 70 -25 3.7 +0.9

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

  2014 2015 2016 2017 2018 2019E 2020E
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

Content on this tab for subscribers only

VALUATION METRICS
  2018 2019E 2020E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
WisdomTree Modern Tech Platforms
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 14.6 %
Divided by: Fwd. P/BV 4.5 x
Less: Expense ratio 45 bp
Equals: ALTAR Score 2.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.46 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.