DEM
WisdomTree Emerging Markets High Dividend Fund
The Fund seeks investment results that correspond to the price and yield performance, before fees and expenses, of the WisdomTree Emerging Markets High Yield Index, comprised of stocks with the highest 30% of yields in the WT Emerging Markets Dividend Index, and is weighted by the dollar value of dividends.
Fund Basics
| Fund sponsor | WisdomTree |
| Category | Emerging Market Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Jul 13, 2007 |
| Assets (mns) | $2,462 |
| Expense ratio | 63 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Dividends |
| Weighting | Dividend |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| VALE SA | 5.1 % |
| PETROBRAS - PETROLEO BRAS | 4.6 % |
| MEDIATEK INC | 3.8 % |
| CHINA CONSTRUCTION BANK-H | 2.9 % |
| POSCO | 2.6 % |
| IND & COMM BK OF CHINA - H | 2.0 % |
| PETROCHINA CO LTD-H | 2.0 % |
| BANK OF CHINA LTD - H | 1.7 % |
| HON HAI PRECISION INDUSTRY | 1.7 % |
| NAN YA PLASTICS CORP | 1.7 % |
Constituent Breakdown
| Number of holdings | 426 |
| Herfindahl-Hirschman Index | 124 |
| Wgt avg mkt cap (mns) | $13,205 |
| Large cap (>$10bn) | 34.6% |
| Mid cap ($2-10bn) | 27.0% |
| Small cap (<$2bn) | 9.5% |
| Developed mkts. | 0.7% |
| Emerging mkts. | 99.3% |
Country Exposure
 |
TAIWAN | 30.7 % |
 |
CHINA | 23.4 % |
 |
BRAZIL | 13.4 % |
 |
SOUTH KOREA | 7.0 % |
 |
INDIA | 5.7 % |
 |
SOUTH AFRICA | 5.3 % |
 |
MEXICO | 3.4 % |
 |
MALAYSIA | 2.2 % |
 |
THAILAND | 1.7 % |
 |
INDONESIA | 1.2 % |
Historical Performance
Standardized Annual Returns (as of 08/31/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 10.9% | 14.2% | -0.8% | 8.1% | 3.5% | 2.7% | 3.1% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.69 | 46% |
| MSCI EAFE | 0.85 | 73% |
| MSCI Emg Mkts | 0.91 | 79% |
Liquidity Measures
| Avg. volume (000) | 590 |
| Turnover | 0.9% |
| Avg. Bid/Ask (% of price) | 0.03% |
| ADV of underlying (mns) | $6,063 |
Technical Indicators
| Recent close | $37.24 |
| 30d moving avg. | $38.76 |
| Annualized volatility | 18.2% |
| Relative strength (RSI) | 52 |
| Short interest (ETF) | 0.3% |
| 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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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. DEM |
Expenses vs. DEM |
ALTAR Score™ vs. DEM |
|---|---|---|---|---|
| FNDE | Schwab Fundamental Emerging Markets Large Co. Index ETF | 36.1% | -24 bp | -1.7% |
| PXH | Invesco FTSE RAFI Emerging Markets ETF | 31.2% | -13 bp | -1.1% |
| DFEV | Dimensional Emerging Markets Value ETF | 30.6% | -20 bp | -2.6% |
| MFEM | PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF | 28.6% | -12 bp | -3.6% |
| ROAM | Hartford Multifactor Emerging Markets ETF | 27.9% | -19 bp | -2.3% |
| FLTW | Franklin FTSE Taiwan ETF | 24.8% | -44 bp | -7.5% |
| EWT | iShares MSCI Taiwan ETF | 23.7% | -6 bp | -7.9% |
| AVES | Avantis Emerging Markets Value ETF | 22.7% | -27 bp | -0.5% |
| JHEM | John Hancock Multifactor Emerging Markets ETF | 21.9% | -14 bp | -6.0% |
| KEMX | KraneShares MSCI Emerging Markets EX China Index ETF | 21.1% | -39 bp | -7.9% |
Risk and Returns: DEM vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023E | 2024E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2022 | 2023E | Fwd Est | 2024E | |
| 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 | --% |
Based on closing prices from 9/26/2023
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
DEM
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™
DEM
14.9%
Cat. Avg
7.7%
Fund Category: Emerging Market Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 14.9% |
Recommendation
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
Category Overview
There are 185 funds in the Emerging Market Equities category, with an average ALTAR Score™
of 7.7% and a standard deviation of
4.1%. DEM's ALTAR Score™ is approximately
1.8 standard deviations
above
the category average. This places DEM in the 96th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
DEM
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
| Latest price | |
| Change | |
| Volume | |
| Bid/Ask Spread | |
| Update |
Today's Trading
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Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| DEM | 63.0 | 3.3 | 66.3 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .