DNL
WisdomTree Global ex-US Quality Dividend Growth Fund
DNL seeks to track the investments results of dividend-paying companies with growth characteristics in developed and emerging equity markets, ex-U.S.
International
EQUITY
Rules-Based
MANAGEMENT STYLE
574.3 M
ASSETS UNDER MGMT
42 bp
EXPENSES
Fund Basics
| Fund sponsor | WisdomTree ETFs/USA |
| Category | International |
| Asset class | Equity |
| Website | link... |
| Inception date | Jun 16, 2006 |
| Assets (mns) | $574 |
| Expense ratio | 42 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Multi-Factor |
| Weighting | Dividend |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| TAIWAN SEMICONDUCTOR MANUFAC | 6.3 % |
| ROCHE HOLDING AG-BR | 5.6 % |
| NOVO NORDISK A/S-B | 5.4 % |
| SAMSUNG ELECTRONICS CO LTD | 4.4 % |
| CANADIAN NATURAL RESOURCES | 3.7 % |
| ASML HOLDING NV | 3.0 % |
| DEUTSCHE POST AG-REG | 2.9 % |
| TENCENT HOLDINGS LTD | 2.8 % |
| IMPERIAL TOBACCO GROUP PLC | 2.5 % |
| DIAGEO PLC | 2.3 % |
Constituent Breakdown
| Number of holdings | 297 |
| Herfindahl-Hirschman Index | 225 |
| Wgt avg mkt cap (mns) | $145,918 |
| Large cap (>$10bn) | 78.1% |
| Mid cap ($2-10bn) | 15.4% |
| Small cap (<$2bn) | 0.7% |
| Developed mkts. | 71.1% |
| Emerging mkts. | 28.9% |
Country Exposure
 |
CANADA | 11.8 % |
 |
BRITAIN | 10.5 % |
 |
TAIWAN | 10.4 % |
 |
SWITZERLAND | 9.0 % |
 |
DENMARK | 7.1 % |
 |
NETHERLANDS | 7.1 % |
 |
JAPAN | 5.3 % |
 |
SOUTH KOREA | 4.8 % |
 |
GERMANY | 4.1 % |
 |
FRANCE | 4.1 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 2.6% | 18.3% | 16.3% | -1.1% | -6.9% | -0.8% | 0.5% | Volatility | 14.4% | 14.4% | 14.9% | 18.7% | 21.4% | 18.5% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.06 | 79% |
| MSCI EAFE | 1.11 | 91% |
| MSCI Emg Mkts | 0.96 | 66% |
Liquidity Measures
| Avg. volume (000) | 66 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.11% |
| ADV of underlying (mns) | $19,600 |
Technical Indicators
| Recent close | $36.12 |
| 30d moving avg. | $38.76 |
| Annualized volatility | 20.6% |
| Relative strength (RSI) | 41 |
| Short interest (ETF) | 0.3% |
| 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. DNL |
Expenses vs. DNL |
ALTAR Score™ vs. DNL |
|---|---|---|---|---|
| IHDG | WisdomTree International Hedged Quality Dividend Growth Fund | 50.0% | +16 bp | -1.7% |
| IQDG | WisdomTree International Quality Dividend Growth Fund | 49.9% | 0 bp | -1.3% |
| EUDG | WisdomTree Europe Quality Dividend Growth Fund | 31.6% | +16 bp | -1.6% |
| JIG | JPMorgan International Growth ETF | 21.0% | +13 bp | -3.5% |
| XSOE | WisdomTree Emerging Markets ex-State-Owned Enterprises Fund | 20.1% | -10 bp | -1.8% |
| EFG | iShares MSCI EAFE Growth ETF | 20.1% | -6 bp | -3.6% |
| IDHQ | Invesco S&P International Developed High Quality ETF | 19.9% | -13 bp | -1.6% |
| DMXF | iShares ESG Advanced MSCI EAFE ETF | 18.8% | -30 bp | -2.5% |
| JEMA | JPMorgan ActiveBuilders Emerging Markets Equity ETF | 18.6% | -9 bp | +0.2% |
| IQLT | iShares MSCI Intl Quality Factor ETF | 18.6% | -12 bp | -1.9% |
Risk and Returns: DNL 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 11/15/2024
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
DNL
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 Rating
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.
ALTAR Score™
DNL
8.1%
Cat. Avg
7.4%
ALTAR Score™ Calculation
Category Overview
There are 267 funds in the International Equity category, with an average ALTAR Score™
of 7.4% and a standard deviation of
2.6%. DNL's ALTAR Score™ is approximately
0.3 standard deviations
above
the category average. This places DNL in the 61st percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
DNLSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based International Equity ETFs |
| # of ETFs | 152 |
| Avg. Expense Ratio | 42.9 bp |
| Std. Deviation | 24.3 bp |
| DNL (42 bp) Percentile rank | 48 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| DNL | 42.0 | 11.2 | 53.2 |
| Peer Avg. | 42.8 | 27.5 | 70.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .