DLS
WisdomTree International SmallCap Dividend Fund
The Fund seeks investment results that correspond to the price and yield performance, before fees and expenses, of the WisdomTree Int'l SmallCap Dividend Index, comprised of the bottom 25% of market cap of the WisdomTree DEFA Index after the 300 largest companies have been removed, and is dividend-weighted.
International
EQUITY
Rules-Based
MANAGEMENT STYLE
58 bp
EXPENSES
$1.0 B
ASSETS UNDER MGMT
Fund Basics
| Fund sponsor | WisdomTree |
| Category | International |
| Asset class | Equity |
| Website | link... |
| Inception date | Jun 16, 2006 |
| Assets (mns) | $1,015 |
| 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
| FILTRONA PLC | 3.2 % |
| TORM PLC CLASS A | 0.9 % |
| ACEA SPA | 0.8 % |
| CSR LIMITED | 0.7 % |
| HOEGH AUTOLINERS ASA | 0.7 % |
| BANK OF GEORGIA HOLDINGS PLC | 0.7 % |
| D/S NORDEN | 0.6 % |
| SBM OFFSHORE NV | 0.6 % |
| MICHAEL PAGE INTERNATIONAL | 0.6 % |
| COFINIMMO | 0.6 % |
Constituent Breakdown
| Number of holdings | 913 |
| Herfindahl-Hirschman Index | 32 |
| Wgt avg mkt cap (mns) | $3,101 |
| Large cap (>$10bn) | 3.8% |
| Mid cap ($2-10bn) | 28.3% |
| Small cap (<$2bn) | 68.0% |
| Developed mkts. | 99.9% |
| Emerging mkts. | 0.1% |
Country Exposure
 |
JAPAN | 24.9 % |
 |
BRITAIN | 17.8 % |
 |
AUSTRALIA | 9.8 % |
 |
ITALY | 5.2 % |
 |
NORWAY | 3.9 % |
 |
SWEDEN | 3.8 % |
 |
ISRAEL | 3.2 % |
 |
FRANCE | 2.8 % |
 |
SINGAPORE | 2.4 % |
 |
SWITZERLAND | 1.7 % |
Historical Performance
Standardized Performance (as of 06/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 1.8% | 11.9% | 9.5% | -0.7% | 3.7% | 3.4% | 4.8% | Volatility | 12.2% | 13.4% | 16.3% | 15.9% | 19.2% | 16.4% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.76 | 65% |
| MSCI EAFE | 0.95 | 94% |
| MSCI Emg Mkts | 0.78 | 65% |
Liquidity Measures
| Avg. volume (000) | 104 |
| Turnover | 0.7% |
| Avg. Bid/Ask (% of price) | 0.13% |
| ADV of underlying (mns) | $2,607 |
Technical Indicators
| Recent close | $65.04 |
| 30d moving avg. | $64.82 |
| Annualized volatility | 17.1% |
| Relative strength (RSI) | 53 |
| Short interest (ETF) | 0.0% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. DLS |
Expenses vs. DLS |
ALTAR Score™ vs. DLS |
|---|---|---|---|---|
| GWX | SPDR S&P International Small Cap ETF | 28.9% | -18 bp | -2.2% |
| DFE | WisdomTree Europe SmallCap Dividend Fund | 28.4% | 0 bp | +2.1% |
| FNDC | Schwab Fundamental International Small Co. Index ETF | 27.5% | -19 bp | -1.5% |
| DISV | Dimensional International Small Cap Value ETF | 26.0% | -16 bp | +0.3% |
| PDN | Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF | 25.8% | -9 bp | -2.0% |
| DFIS | Dimensional International Small Cap ETF | 25.2% | -19 bp | -2.1% |
| SCZ | iShares MSCI EAFE Small-Cap ETF | 24.4% | -18 bp | -2.3% |
| DXJS | WisdomTree Japan Hedged SmallCap Equity Fund | 23.9% | 0 bp | -0.9% |
| DFJ | WisdomTree Japan SmallCap Dividend Fund | 23.9% | 0 bp | -1.2% |
| AVDV | Avantis International Small Cap Value ETF | 23.3% | -22 bp | -0.8% |
Risk and Returns: DLS 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.
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
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
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
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
Peer Group Comparison Sample data. Subscribe for access.
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
DLS
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
Some content on this tab for Individual & Professional subscribers only. Start your FREE trial
ETF Research Center Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
DLS
8.4%
Cat. Avg
7.2%
Fund Category: International
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 8.4% |
Recommendation
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
Category Overview
There are 258 funds in the International category, with an average ALTAR Score™
of 7.2% and a standard deviation of
2.4%. DLS's ALTAR Score™ is approximately
0.5 standard deviations
above
the category average. This places DLS in the 70th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
DLS
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Expense Analysis
| Peer Group | Rules-Based International Equity ETFs |
| # of ETFs | 152 |
| Avg. Expense Ratio | 42.9 bp |
| Std. Deviation | 24.3 bp |
| DLS (58 bp) Percentile rank | 73 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| DLS | 58.0 | 13.0 | 71 |
| Peer Avg. | 33.7 | 17.7 | 51.4 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .