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.
Emerging Market
EQUITY
Passive
MANAGEMENT STYLE
63 bp
EXPENSES
$2.9 B
ASSETS UNDER MGMT
Fund Basics
| Fund sponsor | WisdomTree |
| Category | Emerging |
| Asset class | Equity |
| Website | link... |
| Inception date | Jul 13, 2007 |
| Assets (mns) | $2,860 |
| 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
| MEDIATEK INC | 7.0 % |
| PETROBRAS - PETROLEO BRAS | 4.9 % |
| HON HAI PRECISION INDUSTRY | 3.9 % |
| CHINA SHENHUA ENERGY CO - H | 2.9 % |
| CHINA CONSTRUCTION BANK-H | 2.8 % |
| PETROCHINA CO LTD-H | 2.7 % |
| VALE SA | 2.6 % |
| COAL INDIA LTD | 1.7 % |
| UNITED MICROELECTRONICS CORP | 1.7 % |
| BANK OF CHINA LTD - H | 1.6 % |
Constituent Breakdown
| Number of holdings | 483 |
| Herfindahl-Hirschman Index | 162 |
| Wgt avg mkt cap (mns) | $44,080 |
| Large cap (>$10bn) | 65.8% |
| Mid cap ($2-10bn) | 22.5% |
| Small cap (<$2bn) | 8.9% |
| Developed mkts. | 0.6% |
| Emerging mkts. | 99.4% |
Country Exposure
 |
TAIWAN | 24.8 % |
 |
CHINA | 22.7 % |
 |
BRAZIL | 11.7 % |
 |
INDIA | 7.6 % |
 |
SOUTH AFRICA | 4.7 % |
 |
SOUTH KOREA | 3.8 % |
 |
MEXICO | 3.3 % |
 |
SAUDI ARABIA | 2.7 % |
 |
INDONESIA | 2.6 % |
 |
MALAYSIA | 2.5 % |
Historical Performance
Standardized Performance (as of 06/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 8.6% | 23.4% | 17.5% | 6.2% | 6.3% | 3.7% | 4.2% | Volatility | 12.4% | 13.4% | 15.3% | 15.5% | 19.9% | 19.2% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.59 | 41% |
| MSCI EAFE | 0.77 | 65% |
| MSCI Emg Mkts | 0.87 | 85% |
Liquidity Measures
| Avg. volume (000) | 319 |
| Turnover | 0.5% |
| Avg. Bid/Ask (% of price) | 0.03% |
| ADV of underlying (mns) | $9,287 |
Technical Indicators
| Recent close | $42.43 |
| 30d moving avg. | $43.90 |
| Annualized volatility | 16.6% |
| Relative strength (RSI) | 53 |
| Short interest (ETF) | 0.2% |
| 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 | 31.5% | -24 bp | -0.3% |
| ROAM | Hartford Multifactor Emerging Markets ETF | 27.7% | -19 bp | -1.3% |
| PXH | Invesco FTSE RAFI Emerging Markets ETF | 27.2% | -14 bp | +0.1% |
| DFEV | Dimensional Emerging Markets Value ETF | 25.7% | -20 bp | -1.5% |
| MFEM | PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF | 24.8% | -13 bp | -1.7% |
| DVYE | iShares Emerging Markets Dividend ETF | 23.1% | -14 bp | +2.8% |
| JHEM | John Hancock Multifactor Emerging Markets ETF | 20.6% | -14 bp | -4.6% |
| EDIV | SPDR S&P Emerging Markets Dividend ETF | 20.3% | -14 bp | -2.1% |
| JPEM | JPMorgan Diversified Return Emerging Markets Equity ETF | 20.3% | -19 bp | -2.3% |
| EMXF | iShares ESG Advanced MSCI EM ETF | 19.9% | -47 bp | -5.6% |
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
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| 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
| 2023 | 2024E | Fwd Est | 2025E | |
| 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 7/25/2024
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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
12.6%
Cat. Avg
7.5%
Fund Category: Emerging
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 12.6% |
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 161 funds in the Emerging category, with an average ALTAR Score™
of 7.5% and a standard deviation of
3.9%. DEM's ALTAR Score™ is approximately
1.3 standard deviations
above
the category average. This places DEM in the 91st 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
Expense Analysis
| Peer Group | Passive Emerging Market Equity ETFs |
| # of ETFs | 53 |
| Avg. Expense Ratio | 52.8 bp |
| Std. Deviation | 23.2 bp |
| DEM (63 bp) Percentile rank | 67 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| DEM | 63.0 | 3.2 | 66.2 |
| Peer Avg. | 57.1 | 44.2 | 101.4 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .