DWM
WisdomTree International Equity Fund
The fund seeks investment results that closely correspond to the price and yield performance, before fees and expenses, of the WisdomTree Dividend Index of Europe, Far East Asia and Australasia Index, a dividend-weighted version of the benchmark MSCI EAFE index.
Fund Basics
| Fund sponsor | WisdomTree |
| Category | International Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Jun 16, 2006 |
| Assets (mns) | $560 |
| Expense ratio | 48 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
| BHP BILLITON LTD | 3.4 % |
| NOVARTIS AG | 1.9 % |
| SHELL PLC | 1.8 % |
| TOTAL SA | 1.6 % |
| NESTLE SA-REG | 1.6 % |
| HSBC HOLDINGS PLC | 1.6 % |
| LVMH MOET HENNESSY LOUIS VUI | 1.3 % |
| TOYOTA MOTOR CORP | 1.1 % |
| RIO TINTO PLC | 1.1 % |
| ROCHE HOLDING LTD | 1.0 % |
Constituent Breakdown
| Number of holdings | 1028 |
| Herfindahl-Hirschman Index | 53 |
| Wgt avg mkt cap (mns) | $35,668 |
| Large cap (>$10bn) | 29.0% |
| Mid cap ($2-10bn) | 16.5% |
| Small cap (<$2bn) | 4.3% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
JAPAN | 21.5 % |
 |
BRITAIN | 14.8 % |
 |
FRANCE | 10.9 % |
 |
AUSTRALIA | 10.7 % |
 |
SWITZERLAND | 9.2 % |
 |
GERMANY | 7.4 % |
 |
SPAIN | 4.0 % |
 |
HONG KONG | 2.9 % |
 |
SINGAPORE | 2.6 % |
 |
ITALY | 2.5 % |
Historical Performance
Standardized Annual Returns (as of 08/31/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 9.3% | 17.4% | -0.6% | 6.5% | 2.7% | 4.1% | 3.4% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.80 | 69% |
| MSCI EAFE | 0.91 | 94% |
| MSCI Emg Mkts | 0.76 | 62% |
Liquidity Measures
| Avg. volume (000) | 37 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.13% |
| ADV of underlying (mns) | $24,024 |
Technical Indicators
| Recent close | $48.25 |
| 30d moving avg. | $49.56 |
| Annualized volatility | 17.2% |
| Relative strength (RSI) | 43 |
| 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. DWM |
Expenses vs. DWM |
ALTAR Score™ vs. DWM |
|---|---|---|---|---|
| DDWM | WisdomTree Dynamic Currency Hedged International Equity Fund | 91.2% | -8 bp | -0.1% |
| DOL | WisdomTree International LargeCap Dividend Fund | 71.9% | 0 bp | +0.8% |
| GSID | Goldman Sachs MarketBeta International Equity ETF | 61.7% | -28 bp | -1.8% |
| DIVI | Franklin International Core Dividend Tilt Index ETF | 61.6% | -39 bp | -0.7% |
| DBEF | Xtrackers MSCI EAFE Hedged Equity ETF | 61.2% | -13 bp | -2.5% |
| EFA | iShares MSCI EAFE ETF | 60.6% | -16 bp | -2.3% |
| IEFA | iShares Core MSCI EAFE ETF | 60.3% | -41 bp | -2.3% |
| HFXI | IQ 50 Percent Hedged FTSE International ETF | 59.9% | -28 bp | -2.1% |
| PXF | Invesco FTSE RAFI Developed Markets ex-U.S. ETF | 58.8% | -3 bp | -0.7% |
| BKIE | BNY Mellon International Equity ETF | 57.2% | -44 bp | -1.6% |
Risk and Returns: DWM 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
DWM
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™
DWM
10.0%
Cat. Avg
8.2%
Fund Category: International Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 10.0% |
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 271 funds in the International Equities category, with an average ALTAR Score™
of 8.2% and a standard deviation of
2.6%. DWM's ALTAR Score™ is approximately
0.7 standard deviations
above
the category average. This places DWM in the 76th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
DWM
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) |
|
|---|---|---|---|
| DWM | 48.0 | 12.7 | 60.7 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .