WisdomTree U.S. Multifactor Fund
ALTAR
Score™
6.2% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
16.3x P/Sales
ratio
1.5x
P/BV
ratio
2.8x Div.
yield
1.6%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The WisdomTree US Multifactor ETF tracks an index of 200 US-listed equities. Stocks are selected and weighted by a combination of investment factors.

FUND BASICS
Category US Equities
Fund Sponsor WisdomTree
Website www.wisdomtree.com
Inception date Jun 29, 2017
Assets (mns) $202
Currency USD
Expense ratio 28 bp
Distributions Quarterly

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

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 199
Wgt avg mkt cap (mns) $46,077
Large cap (>$10bn) 64.9%
Mid cap ($2-10bn) 35.1%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
CITRIX SYSTEMS INC 1.3 %
BLACK KNIGHT FINANCIAL SERVICES, I 1.3 %
SAIC INC 1.3 %
VISA INC-CLASS A SHARES 1.2 %
WESTERN UNION CO 1.1 %
AKAMAI TECHNOLOGIES 1.1 %
CACI INTERNATIONAL INC -CL A 1.1 %
BOOZ ALLEN HAMILTON HOLDINGS 1.0 %
ORACLE CORP 1.0 %
COGNIZANT TECH SOLUTIONS-A 1.0 %
Total 11.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 99.8 %










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.
0.4% 16.0% -- -- 11.8%

Market Correlations
versus... Beta R-squared
S&P500 0.88 91%
MSCI EAFE 0.85 67%
MSCI Emg. Mkts. 0.51 43%

Technical Indicators
Recent close $32.29
30d moving avg. $32.78
Annualized volatility 12.0%
Short interest (ETF) 0.0%
Relative strength (RSI) 60

Liquidity measures
Avg. volume (thou.) 31
Turnover 0.5%
Bid/Ask (% of price) 0.21%
ADV underlying (mns) $39,888

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the WisdomTree U.S. Multifactor Fund ETF based on the alternatives' overlap in portfolio holdings with USMF. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: USMF Expense: 28 bp ALTAR Score™: 6.2%


ALTERNATIVE ETFs BASED ON OVERLAP WITH USMF
Ticker Fund
Name
Overlap1
vs USMF
(%)
Expense
ratio
(bp)
Savings
vs USMF
(bp)
ALTAR
Score™
(%)
ALTAR
vs USMF
(%)
RBUS Nationwide Risk-Based U.S. Equity ETF 33.7 30 -2 5.6 -0.6
ROUS Hartford Multifactor US Equity ETF 31.7 19 9 6.5 +0.3
JPUS JPMorgan Diversified Return U.S. Equity ETF 31.3 19 9 6.3 +0.1
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 31.0 35 -7 5.4 -0.7
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 29.4 17 11 6.8 +0.6
VUSE Vident Core US Equity Fund 28.9 48 -20 8.0 +1.8
QSY WisdomTree U.S. LargeCap Value Fund 28.7 38 -10 7.6 +1.4
AFLG First Trust Active Factor Large Cap ETF 28.6 55 -27 6.5 +0.3
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 28.6 24 4 6.0 -0.2
CFO Victory CEMP US 500 Enhanced Volatility Weighted Index ETF 28.4 35 -7 6.1 -0.1
CFA Victory CEMP US 500 Volatility Weighted Index ETF 28.3 35 -7 6.1 -0.1
USMV iShares Edge MSCI Min Vol USA ETF 28.1 15 13 5.1 -1.1
ONEO SPDR Russell 1000 Momentum Focus ETF 28.0 20 8 6.9 +0.7
JMIN JPMorgan U.S. Minimum Volatility ETF 27.3 12 16 5.4 -0.8
PQLC PGIM QMA Strategic Alpha Large-Cap Core ETF 27.3 17 11 7.0 +0.8
RNLC Large Cap US Equity Select ETF 27.2 60 -32 6.3 +0.1
FEX First Trust Large Cap Core AlphaDEX Fund 27.0 60 -32 6.1 -0.1
VALQ American Century STOXX U.S. Quality Value ETF 27.0 29 -1 9.2 +3.0
ONEV SPDR Russell 1000 Low Volatility Focus ETF 26.3 20 8 7.1 +0.9
SSPY Syntax Stratified LargeCap ETF 26.0 30 -2 6.0 -0.2

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

Content on this tab for subscribers only

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 U.S. Multifactor Fund
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 17.4 %
Divided by: Fwd. P/BV 2.7 x
Less: Expense ratio 28 bp
Equals: ALTAR Score 6.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.58 CATEGORY
AVERAGE
1.56
 
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.