DFE
WisdomTree Europe SmallCap Dividend Fund
WisdomTree Europe SmallCap Dividend Fund seeks investment results that correspond to the performance of the WisdomTree Europe SmallCap Dividend Index. The Fund invests in small-capitalization co
Fund Basics
| Fund sponsor | WisdomTree ETFs/USA |
| Category | International Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Jun 16, 2006 |
| Assets (mns) | $196 |
| Expense ratio | 58 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
| SSAB AB CLASS A | 2.6 % |
| D/S NORDEN | 1.7 % |
| SYDBANK A/S | 1.5 % |
| REDROW PLC | 1.4 % |
| KONECRANES OYJ | 1.4 % |
| MPC CONTAINER SHIPS ASA | 1.3 % |
| BANK OF GEORGIA HOLDINGS PLC | 1.2 % |
| WISDOMTREE INTERNATIONAL MIDCAP DIVIDEND | 1.2 % |
| MICHAEL PAGE INTERNATIONAL | 1.1 % |
| BEKAERT NV | 0.9 % |
Constituent Breakdown
| Number of holdings | 290 |
| Herfindahl-Hirschman Index | 59 |
| Wgt avg mkt cap (mns) | $1,408 |
| Large cap (>$10bn) | 0.0% |
| Mid cap ($2-10bn) | 23.3% |
| Small cap (<$2bn) | 76.1% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
BRITAIN | 27.0 % |
 |
SWEDEN | 13.3 % |
 |
DENMARK | 6.5 % |
 |
GERMANY | 6.1 % |
 |
NORWAY | 5.6 % |
 |
ITALY | 5.5 % |
 |
FINLAND | 5.0 % |
 |
FRANCE | 4.2 % |
 |
SWITZERLAND | 3.9 % |
 |
SPAIN | 3.4 % |
Historical Performance
Standardized Annual Returns (as of 08/31/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 4.8% | 10.9% | -11.5% | 4.5% | 1.0% | 5.4% | 4.6% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.09 | 70% |
| MSCI EAFE | 1.21 | 90% |
| MSCI Emg Mkts | 0.92 | 50% |
Liquidity Measures
| Avg. volume (000) | 9 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.14% |
| ADV of underlying (mns) | $387 |
Technical Indicators
| Recent close | $53.57 |
| 30d moving avg. | $54.57 |
| Annualized volatility | 23.3% |
| Relative strength (RSI) | 36 |
| Short interest (ETF) | 5.2% |
| 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. DFE |
Expenses vs. DFE |
ALTAR Score™ vs. DFE |
|---|---|---|---|---|
| DLS | WisdomTree International SmallCap Dividend Fund | 30.9% | 0 bp | -1.8% |
| EWUS | iShares MSCI United Kingdom Small Cap ETF | 16.4% | +1 bp | -3.4% |
| EUSC | WisdomTree Europe Hedged SmallCap Equity Fund | 15.3% | 0 bp | -1.9% |
| IEUS | iShares MSCI Europe Small-Cap ETF | 15.2% | -18 bp | -4.6% |
| AVDV | Avantis International Small Cap Value ETF | 12.2% | -22 bp | -3.6% |
| DISV | Dimensional International Small Cap Value ETF | 11.5% | -16 bp | -1.5% |
| FDTS | First Trust Developed Markets ex-US Small Cap AlphaDEX Fund | 10.5% | +22 bp | -2.4% |
Risk and Returns: DFE 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 9/22/2023
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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
DFE
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™
DFE
11.3%
Cat. Avg
8.1%
Fund Category: International Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 11.3% |
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 271 funds in the International Equities category, with an average ALTAR Score™
of 8.1% and a standard deviation of
2.5%. DFE's ALTAR Score™ is approximately
1.3 standard deviations
above
the category average. This places DFE in the 90th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
DFE
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
| Latest price | |
| Change | |
| Volume | |
| Bid/Ask Spread | |
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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) |
|
|---|---|---|---|
| DFE | 58.0 | 14.4 | 72.4 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .