We have qualitatively reviewed this strategy and reaffirmed its Above Average Process and Average People ratings. The following text is from April 25, 2023.

WisdomTree US LargeCap Dividend ETF is a shrewd contrarian fund with bells and whistles that abate much of the risk associated with its rebalancing approach. Sound diversification and a low fee add to its appeal and solidify a Morningstar Analyst Rating of Silver. 

The WisdomTree LargeCap Dividend Index, which this fund fully replicates, puts a smart twist on a proven strategy. It weights 300 of the market’s largest dividend stocks by their projected cash dividends – a standard fundamental approach – then boosts those with the best combined quality and momentum characteristics by 50%. The extra layer of factor considerations should reduce exposure to stocks whose dividend policies conceal shaky fundamentals and/or negative momentum. It also helps the portfolio handily exceed the Russell 1000 Value Index in profitability metrics like return-on-invested capital. That indicates sound exposure to the quality factor, which has historically been tied to market-beating returns.

When this fund restores stocks’ dividend weights at each annual rebalance, it effectively doubles down on firms whose valuations have declined relative to their dividends and peers and trims exposure to the best performers. This contrarian approach pushes the fund into the large-value category, despite its scores of blend and growth holdings. While the fund may cling to some unworthy companies and prematurely cut ties with some winners, this buy-low-sell-high tack has paid off over time: the fund’s 8.82% annualized gain ranked within the top 20% of large-value peers over the 15 years through March 2023. 

Scanning the full value-growth spectrum helps this fund stay diversified. Sector- and holding-level constraints help prevent concentration at those levels, too. The top-10 holdings represented one-quarter of the portfolio as of March 2023, and no sector exceeded technology’s 17% portfolio weight.

This fund does not incorporate buffers but has reined in turnover effectively. Its annual turnover ratio ranked in the best quartile in each year for the past decade, leading to few transaction costs that come out of returns.

Analyst Rating

A sound dividend option.

Analyst

Ryan Jackson

Microsoft

JPMorgan Chase & Co

Apple

Exxon Mobil

Broadcom

AbbVie

Johnson & Johnson

Procter & Gamble

NVIDIA

Chevron

We have qualitatively reviewed this strategy and reaffirmed its Above Average Process rating. The following text is from April 25, 2023.

Quality and momentum considerations smooth over some drawbacks to this fund’s dividend-weighting approach, a time-tested strategy that unearths undervalued companies. Pairing that balance with sound diversification should translate to strong risk-adjusted performance, meriting an Above Average Process Pillar rating.

Above Average

Process

We have qualitatively reviewed this strategy and reaffirmed its Average People rating. The following text is from April 25, 2023.

A team at Mellon subadvises this portfolio. While the team has navigated a recent complete overhaul, Mellon’s solid index-tracking resources and global trading desk remain intact. It retains its Average People Pillar rating.

Marlene Walker-Smith was named Mellon’s head of equity index portfolio management following Tom Durante’s retirement in June 2021. She heads up a fresh roster of named managers on this fund; none of the current managers were listed on this fund before October 2020. Walker-Smith should prove ready for the task. She started with Mellon in 1995 and long served as a behind-the-scenes portfolio manager under Durante. Plus, her predecessor’s retirement was planned, allowing her to benefit from a comfortable transition.

Each of the four managers that report to Walker-Smith—David France, Todd Frysinger, Vlasta Sheremeta, and Michael Stoll—are backed by an associate portfolio manager and at least one index analyst. This support should help the managers focus on tax efficiency and carve out other advantages at the margin. Manager compensation is not tied to index tracking performance. However, the management team is subject to independent risk oversight from both Mellon and WisdomTree.

Average

People

WisdomTree is improving, but its shaky global fund lineup and uncertain trajectory hold its rating to Below Average. 

WisdomTree’s research organization has long been a strength. Under CIO Jeremy Schwartz, the team has generated creative, economically sound ideas and evolved them into investable products, like the efficient core series. A recent focus on investor education spawned the Portfolio Analysis Tools Hub, an online platform that taps the team’s brainpower to help investors make better investment decisions.

The firm’s product lineup is a mixed bag. To complement its core lineup of fundamentally weighted strategies, WisdomTree has recently launched funds targeting established factors instead of trendy themes—an encouraging reorientation. Yet the shutdown of WisdomTree U.S. Growth and Momentum ETF calls WisdomTree’s commitment to these funds into question, and vestiges from its laxer product-development era look ripe for closure. Its European lineup features risky trading tools that are hard for investors to use well. 

WisdomTree’s future may hinge on WisdomTree Prime, its blockchain-based digital wallet. The launch reflects founder and CEO Jonathan Steinberg’s conviction in the disruptive potential of the blockchain. Prime shouldn’t hurt WisdomTree fund investors (most funds on the platform are zero-fee), but it may distract the firm from shoring up its core offering.

Below Average

Parent

WisdomTree U.S. LargeCap Dividend Fund

DLN tracks a dividend-weighted index of the 300 largest dividend-paying US companies.

WisdomTree US Quality Dividend Growth Fund

WisdomTree U.S. High Dividend Fund

Dividend equities have historically shown resilience during market downturns and offer the potential for quicker recovery after losing less than other non-dividend benchmarks.

D Is For Defense (And Dividends)

If you're interested in broad exposure to the Large Cap Value segment of the US equity market, look no further than the WisdomTree U.S. LargeCap Dividend ETF (DLN), a passively managed exchange traded fund launched on 06/16/2006.

Should WisdomTree U.S. LargeCap Dividend ETF (DLN) Be on Your Investing Radar?

Designed to provide broad exposure to the Style Box - Large Cap Value category of the market, the WisdomTree U.S. LargeCap Dividend ETF (DLN) is a smart beta exchange traded fund launched on 06/16/2006.

Is WisdomTree U.S. LargeCap Dividend ETF (DLN) a Strong ETF Right Now?

Wisdom Tree's US Large-Cap Dividend ETF is a Hold due to its lower dividend yield and growth rate compared to other dividend-paying ETFs. DLN is well-diversified with around 300 companies and weights companies based on dividend streams, resulting in an outsized concentration in the technology sector compared to its benchmark.

DLN: Large-Cap Monthly Dividend Payer Not So Hot

Dividend stocks and related ETFs lagged the broader market last year. Growth equities carried the day.

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Following its moment in the sun in 2022, value returned to the background in 2023, lagging growth for the fifth year in the past six. The WisdomTree U.S. Dividend Index (WTDI) is a fundamentally weighted Index that tracks dividend-paying U.S. companies, wherein each company's weight is derived from its share of the Index's total Dividend Stream. In terms of sector allocation changes, the WisdomTree U.S. Dividend Index and WisdomTree U.S. LargeCap Index largely maintained their sector under- and over-weight allocations relative to the Russell 3000 Value Index and Russell 1000 Value Index, respectively.

2023 U.S. Dividend Rebalances: Value Positioning Via Dividends

The WisdomTree U.S. LargeCap Dividend Fund is positioned to benefit from the return of dividend investing due to the Fed likely being done with rate hikes. DLN has a diversified portfolio of large-cap dividend-paying stocks, with top holdings including Apple, Microsoft, Exxon Mobil, Chevron, and AbbVie. DLN's sector exposure is varied, with the Information Technology sector representing the largest allocation at 20% of the portfolio. DLN has shown better performance compared to similar ETFs.

DLN: A Good Dividend Value Option

DLN offers a mostly unsophisticated take on the U.S. mega/large-cap echelon. This portfolio delivers only a modest yield, which nonetheless comes with solid exposure to dividend growth stories. DLN's equity mix has rock-solid quality, as the unsophisticated yet capable methodology of its underlying index somewhat immunizes it from companies with value-trap symptoms.

DLN: Smart-Beta Dividend Play With Robust Quality

DLN is WisdomTree's well-diversified dividend-focused ETF with over $3.5 billion in assets. The ETF has a moderate 2.53% trailing dividend yield and a consistent track record over 17 years. Consistency is the main reason to own DLN. As this article demonstrates, well-diversified ETFs with low concentration of assets in the top 50 tend to be better long-term performers. While dividend growth and profitability aren't screens, DLN's 9.18/10 Profit Score is excellent. High quality is ensured because of its dividend-dollar weighting scheme, which assigns higher allocations to large companies.

DLN: Keep It Simple Solution For Dividend Investors

WisdomTree U.S. LargeCap Dividend Fund invests in dividend stocks after filtering them with a risk score. DLN is superior to the S&P 500 index regarding both valuation and quality. Year-to-date, DLN is ahead of the most popular dividend ETFs with a 2.5% to 4% yield.

DLN: Ahead Of Competitors In 2023, But Behind SCHD In The Long Run

WisdomTree U.S. LargeCap Dividend ETF invests in large-cap dividend stocks in the United States, offering a better yield than the S&P 500 index. DLN has higher exposure to defensive sectors but does not offer better downside protection than the S&P 500 index. The fund has inferior long-term returns, suggesting investors are better off investing in the S&P 500 index.

DLN: Investors Are Better Off Investing In The S&P 500 Index Funds

DLN is a dividend-oriented ETF invested in U.S. large cap companies. The portfolio is well-diversified across sectors and holdings.

DLN Beats The S&P 500 In Value And Quality, Not In Performance

WisdomTree LargeCap Dividend ETF offers investors an attractive option to invest in dividend-paying and growth-generating large-cap equities in diversified sectors of the U.S. economy. DLN pays a monthly dividend; it has historically generated stable yields ranging between 2.27 and 2.87 percent and also a close to double-digit total return.

DLN: A Diversified Large-Cap ETF Generating Strong Returns Over The Long Run

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IJJ and DLN traded with an outsized volume on yesterday.

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This year started with rock-bottom interest rates, limiting the yield of fixed income investments and leading investors to search for income through dividends. Then, as inflation reached decades-high levels and the Fed began its aggressive interest rate hikes, dividend-paying companies were seen as more stable and of higher quality.

Top-Read Dividends Stories in 2022

Fixed income investors who relied on bonds for most of 2022 may see rising yields, but inflation has obviously stifled price appreciation. Looking ahead to 2023, investors can opt for dividends to shore up their fixed income portfolios.

Shore Up Your Fixed Income Portfolio Ahead of 2023 With Dividends

DLN tracks the WisdomTree U.S. LargeCap Dividend Index, selecting 300 of the largest dividend-paying companies by market capitalization. Annual fees are 0.28%, and the ETF yields 2.48%. WisdomTree's quality screen is evident throughout the portfolio. I've calculated a Profitability Score of 9.39/10, one of the best scores for any dividend ETF.

DLN: A Solid Single ETF Dividend Solution Yielding 2.50%

Proctor & Gamble successfully navigated inflation impacts in the third quarter to post revenue and earnings for the quarter that beat analyst expectations but gave guidance that there are difficult times ahead. By raising prices, the major consumer goods company was able to come out ahead for the quarter, reporting $1.

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What once started as a gentle decline for bonds in 2020 has seemingly hit warp speed this year with the Bloomberg U.S. Aggregate Bond Index down greater than 10% in 2022 following a 1.7% decline in 2021.

Why Bond Performance Could Lead to Tech Sell-Off

DTD and DLN are two of WisdomTree's domestic dividend ETFs tracking all-cap and large-cap equities. Expenses are 0.28% annually, and the two have similar long-term performance track records. Both ETFs are dividend-dollar weighted, ensuring stocks like Microsoft and Apple receive adequate representation despite their low yields. WisdomTree intends for these ETFs to be "core" holdings for investors.

DTD Vs. DLN: Which WisdomTree Dividend ETF Is Right For You?

DLN is a large-cap dividend ETF with a moderate yield. Its top 3 sectors are healthcare, technology and consumer staples.

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Over the last 20 years, including the onset of the pandemic in 2020, companies with strong dividend payout ratios have outperformed companies that pay smaller percentages of earnings in dividends and companies that engage in buybacks, reported Barron's. Investors utilize the dividend payout ratio (the percentage of earnings that are paid in dividends, calculated per [.

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