PLAT
WisdomTree Modern Tech Platforms Fund
The WisdomTree Modern Tech Platforms Fund seeks to track the investment results of mid and large-cap companies on a U.S. or European stock exchange that are generating substantial revenue from a modern platform business.
Fund Basics
| Fund sponsor | WisdomTree |
| Category | Global Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | May 22, 2019 |
| Assets (mns) | $11 |
| Expense ratio | 20 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Equal |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| MICROSOFT CORP | 11.2 % |
| APPLE INC | 11.1 % |
| ALPHABET INC. CLASS A | 9.6 % |
| AMAZON.COM INC | 7.5 % |
| META PLATFORMS INC | 6.0 % |
| VISA INC-CLASS A SHARES | 4.1 % |
| MASTERCARD INC-CLASS A | 3.1 % |
| SALESFORCE.COM INC | 2.4 % |
| ACV AUCTIONS, INC. CLASS A | 2.1 % |
| UBER TECHNOLOGIES, INC. | 2.0 % |
Constituent Breakdown
| Number of holdings | 52 |
| Herfindahl-Hirschman Index | 526 |
| Wgt avg mkt cap (mns) | $968,728 |
| Large cap (>$10bn) | 82.8% |
| Mid cap ($2-10bn) | 13.4% |
| Small cap (<$2bn) | 3.8% |
| Developed mkts. | 95.4% |
| Emerging mkts. | 4.6% |
Country Exposure
 |
UNITED STATES | 86.8 % |
 |
CHINA | 3.9 % |
 |
BRITAIN | 1.6 % |
 |
ARGENTINA | 1.6 % |
 |
LUXEMBOURG | 1.3 % |
 |
NORWAY | 0.8 % |
 |
GERMANY | 0.8 % |
 |
ISRAEL | 0.5 % |
 |
NETHERLANDS | 0.5 % |
Historical Performance
Standardized Annual Returns (as of 05/31/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 22.8% | 5.2% | -18.1% | 0.7% | -- | -- | 6.0% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.19 | 71% |
| MSCI EAFE | 1.05 | 56% |
| MSCI Emg Mkts | 1.00 | 52% |
Liquidity Measures
| Avg. volume (000) | 1 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.51% |
| ADV of underlying (mns) | $39,163 |
Technical Indicators
| Recent close | $31.28 |
| 30d moving avg. | $29.65 |
| Annualized volatility | 25.4% |
| Relative strength (RSI) | 64 |
| Short interest (ETF) | 0.7% |
| 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. PLAT |
Expenses vs. PLAT |
ALTAR Score™ vs. PLAT |
|---|---|---|---|---|
| QGRW | WisdomTree U.S. Quality Growth Fund | 50.0% | +8 bp | +3.6% |
| GRZZ | Grizzle Growth ETF | 46.5% | +55 bp | +5.3% |
| FBCG | Fidelity Blue Chip Growth ETF | 45.3% | +39 bp | +1.3% |
| IGM | iShares Expanded Tech Sector ETF | 43.6% | +20 bp | +3.5% |
| MGK | Vanguard Mega Cap Growth ETF | 41.5% | -13 bp | +3.4% |
| SCHG | Schwab U.S. Large-Cap Growth ETF | 41.3% | +20 bp | +3.1% |
| EGUS | iShares ESG Aware MSCI USA Growth ETF | 40.5% | -5 bp | +3.4% |
| VUG | Vanguard Growth Index Fund | 39.3% | -16 bp | +3.4% |
| XLG | Invesco S&P 500 Top 50 ETF | 39.1% | 0 bp | +4.0% |
| TMFC | Motley Fool 100 Index ETF | 39.0% | +30 bp | +3.3% |
Risk and Returns: PLAT 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 6/2/2023
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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
PLAT
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™
PLAT
0.7%
Cat. Avg
3.9%
Fund Category: Global Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 0.7% |
Recommendation
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
Category Overview
There are 343 funds in the Global Equities category, with an average ALTAR Score™
of 3.9% and a standard deviation of
4.9%. PLAT's ALTAR Score™ is approximately
0.7 standard deviations
below
the category average. This places PLAT in the 26th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
PLAT
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) |
|
|---|---|---|---|
| PLAT | 20.0 | 50.5 | 70.5 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .