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CXSE

WisdomTree China ex-State-Owned Enterprises Fund

WisdomTree China ex-State-Owned Enterprises Fund seeks to track the investment results of Chinese companies that are not state-owned enterprises, which is defined as government ownership of greater than 20%.


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6.3%

ALTAR Score™
Trend in ALTAR Score™

MCHI

Closest Comp

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorWisdomTree Asset Management In
CategoryEmerging Market Equities
Asset classEquity
Websitelink...
Inception dateSep 19, 2012
Assets (mns)$1,032
Expense ratio32 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionPrinciples-based
WeightingMarket Cap
Smart-betaYes
Derivatives-basedNo
Options availableNo
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings
TENCENT HOLDINGS LTD 12.1 %
ALIBABA GROUP HOLDING LTD. 7.3 %
MEITUAN DIANPING 5.3 %
JD.COM INC-ADR 3.0 %
WUXI BIOLOGICS (CAYMAN) INC. 2.8 %
PING AN INSURANCE GROUP CO-H 2.8 %
BAIDU INC - SPON ADR 2.5 %
CONTEMPORARY AMPEREX TECHNOLOGY CO., LTD 2.4 %
NETEASE.COM INC-ADR 2.4 %
PING AN INSURANCE (GROUP) COMPANY OF CHI 2.3 %
Constituent Breakdown
Number of holdings171
Herfindahl-Hirschman Index 316
Wgt avg mkt cap (mns)$171,996
Large cap (>$10bn)81.3%
Mid cap ($2-10bn)7.8%
Small cap (<$2bn)0.6%
Developed mkts.24.1%
Emerging mkts.75.9%
Country Exposure
CHINA 94.0 %
HONG KONG 5.7 %
Historical Performance


Standardized Annual Returns (as of 06/30/2021)
YTD1 YR2 YR3 YR5 YR10 YRIncep.
2.5% 40.8% 35.8% 19.1% 25.7% -- 19.7%
Market Correlations
versus...BetaR-squared
S&P 5000.7333%
MSCI EAFE0.6930%
MSCI Emg Mkts0.8857%
Liquidity Measures
Avg. volume (000)219
Turnover1.3%
Avg. Bid/Ask (% of price)0.11%
ADV of underlying (mns)$46,592
Technical Indicators
Recent close$60.41
30d moving avg.$64.48
Annualized volatility23.3%
Relative strength (RSI)37
Short interest (ETF)0.5%
Short interest (underlying)0.0%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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Results & Estimates
  2016 2017 2018 2019 2020 2021E 2022E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Dividends per share -- -- -- -- -- -- --
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Book value per share -- -- -- -- -- -- --
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Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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Valuation Metrics
  2020 2021E Fwd Est 2022E
Price-to-sales --x --x --x --x
Price-to-earnings --x --x --x --x
Price-to-cash flow --x --x --x --x
Price-to-growth --x --x --x --x
Price-to-book value --x --x --x --x
Yield --% --% --x --%
1.6 18.2 2.4 1.4% --
Based on closing prices from 7/23/2021
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
CXSE



Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.

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ETF Research Center Fund Rating

Our measure of an ETF's overall investment merit

ALTAR Score™

CXSE

6.3%

Cat. Avg

7.4%

Fund Category: Emerging Market Equities

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™6.3%
Recommendation

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.

Category Overview
There are 173 funds in the Emerging Market Equities category, with an average ALTAR Score™ of 7.4% and a standard deviation of 4.0%. CXSE's ALTAR Score™ is approximately 0.3 standard deviations below the category average. This places CXSE in the 39th percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Composite
CXSE
Peer Average
SELL
U/W
HOLD
O/W
BUY



Recent Trends


Breakdown

 

Market Activity
Latest price
Change
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Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
CXSE 32.0 10.8 42.8
Peer Avg. 39.0 22.3 61.3
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .
Fundamental data for individual fund constituents sourced from FactSet Research Systems.