EMMF
WisdomTree Emerging Markets Multifactor Fund
The WisdomTree Emerging Markets Multifactor Fund is an actively managed fund that invests in emerging-market firms that score highly on multiple factors. It may hedge foreign currency exposure. The fund seeks capital appreciation.
Fund Basics
Fund sponsor | WisdomTree |
Category | Emerging Market Equities |
Asset class | Equity |
Website | link... |
Inception date | Aug 10, 2018 |
Assets (mns) | $23 |
Expense ratio | 48 bp |
Currency | USD |
Sector Breakdown
Fund Structure
Regulation | Open-Ended Fund |
Distributions | Quarterly |
Taxation | 1099 |
Stock selection | Proprietary |
Weighting | Proprietary |
Holdings Transparency | Full |
Derivatives-based | No |
Options available | No |
Currency hedged | No |
Fund of funds | No |
Top 10 Holdings
TAIWAN SEMICONDUCTOR MANUFAC | 6.8 % |
SAMSUNG ELECTRONICS CO LTD | 2.2 % |
WIWYNN CORP. | 2.2 % |
MERITZ FINANCE GROUP INC | 1.7 % |
QUANTA COMPUTER INC | 1.4 % |
PICC PROPERTY & CASUALTY -H | 1.3 % |
VIPSHOP HOLDINGS LTD SPONSORED ADR | 1.2 % |
PEOPLE'S INSURANCE CO GROU-H | 1.1 % |
INDIAN OIL CORPORATION LTD | 1.0 % |
HYUNDAI MOTOR CO | 1.0 % |
Constituent Breakdown
Number of holdings | 216 |
Herfindahl-Hirschman Index | 108 |
Wgt avg mkt cap (mns) | $69,245 |
Large cap (>$10bn) | 57.7% |
Mid cap ($2-10bn) | 41.3% |
Small cap (<$2bn) | 1.0% |
Developed mkts. | 1.3% |
Emerging mkts. | 98.7% |
Country Exposure
INDIA | 27.1 % | |
TAIWAN | 19.7 % | |
SOUTH KOREA | 10.4 % | |
CHINA | 8.1 % | |
BRAZIL | 7.1 % | |
INDONESIA | 4.4 % | |
MEXICO | 4.1 % | |
MALAYSIA | 4.0 % | |
TURKEY | 3.2 % | |
SOUTH AFRICA | 2.9 % |
Historical Performance
Standardized Annual Returns (as of 03/31/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
---|---|---|---|---|---|---|
6.6% | 24.9% | 9.1% | 3.3% | 4.8% | -- | 3.8% |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 0.54 | 55% |
MSCI EAFE | 0.66 | 76% |
MSCI Emg Mkts | 0.66 | 82% |
Liquidity Measures
Avg. volume (000) | 5 |
Turnover | 0.6% |
Avg. Bid/Ask (% of price) | 0.29% |
ADV of underlying (mns) | $10,665 |
Technical Indicators
Recent close | $25.81 |
30d moving avg. | $23.60 |
Annualized volatility | 12.9% |
Relative strength (RSI) | 72 |
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)
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Comparable ETFs Based on Overlap
Ticker | Fund Name | Overlap vs. EMMF |
Expenses vs. EMMF |
ALTAR Score™ vs. EMMF |
---|---|---|---|---|
DGRE | WisdomTree Emerging Markets Quality Dividend Growth Fund | 47.3% | -16 bp | -1.8% |
ROAM | Hartford Multifactor Emerging Markets ETF | 35.2% | -4 bp | +2.4% |
KEMX | KraneShares MSCI Emerging Markets EX China Index ETF | 33.7% | -24 bp | -2.2% |
GEM | Goldman Sachs ActiveBeta Emerging Markets Equity ETF | 32.6% | -3 bp | -0.7% |
JHEM | John Hancock Multifactor Emerging Markets ETF | 31.9% | +1 bp | -0.9% |
EMXC | iShares MSCI Emerging Markets ex China ETF | 31.7% | -23 bp | -2.7% |
XC | WisdomTree Emerging Markets Ex-China Fund | 31.4% | -16 bp | -3.2% |
STXE | Strive Emerging Markets Ex-China ETF | 28.8% | -16 bp | -2.5% |
QLVE | FlexShares Emerging Markets Quality Low Volatility Index Fun | 28.8% | -8 bp | -2.2% |
DEHP | Dimensional Emerging Markets High Profitability ETF | 28.7% | -7 bp | -2.0% |
Risk and Returns: EMMF 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 4/18/2024
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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
EMMF
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™
EMMF
9.4%
Cat. Avg
7.8%
Fund Category: Emerging Market Equities
Avg. Return on Equity | --% |
Divided by: Fwd. P/BV | --x |
Less: Expenses | -- bp |
Equals: ALTAR Score™ | 9.4% |
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 163 funds in the Emerging Market Equities category, with an average ALTAR Score™
of 7.8% and a standard deviation of
3.9%. EMMF's ALTAR Score™ is approximately
0.4 standard deviations
above
the category average. This places EMMF in the 66th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
EMMF
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
Latest price | |
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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) |
|
---|---|---|---|
EMMF | 48.0 | 29.0 | 77 |
Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .