WisdomTree International LargeCp Div ETF’s management team is rated Average, but a solid investment process still helps this strategy retain its Morningstar Medalist Rating of Bronze. The portfolio maintains a cost advantage over competitors, priced within the least expensive fee quintile among peers.  

 The strategy's investment process inspires confidence and earns an Above Average Process Pillar rating. Independent of the rating, analysis of the strategy's portfolio shows it has maintained a significant underweight position in liquidity exposure and an overweight in quality exposure compared with category peers. Low liquidity risk exposure is attributed to stocks with a low trading volume, limiting managers' flexibility. And a high quality exposure is rooted in holding stocks with low financial leverage and strong returns on equity. The strategy’s management team earns an Average People Pillar rating. The strategy's parent organization earns the firm a Below Average Parent Pillar rating. People Pillar and Parent Pillar ratings for this strategy are indirectly assigned by a Morningstar analyst rather than algorithmically derived. Please see the notes following each pillar section for more details. The details of assigning methods can be found in each pillar section.

Analyst Rating

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Morningstar's evaluation of this security's process aims to determine the likelihood that it will outperform its Morningstar Category index on a risk-adjusted basis over the long term. WisdomTree International LargeCap Div Fd earns an Above Average Process Pillar rating. 

The predominant contributor to the rating is that this fund tracks an index. Historical data, such as Morningstar's Active/Passive Barometer, finds that passively managed funds have generally outperformed their active counterparts, especially over longer time horizons. The parent firm's impressive risk-adjusted performance, as shown by its average 10-year Morningstar Rating of 3.4 stars, also contributes to the process. Lastly, the process is limited by the instability of talent across its parent firm. The firm's asset-weighted manager tenure of three years suggests it could do more to retain portfolio managers.

 This strategy tends to hold larger, higher-growth companies than its average peer in the Foreign Large Value Morningstar Category. Looking at additional factor exposure, this strategy continually held some stocks with low trading volume over the last few years. Less-liquid stocks might offer strong returns to compensate for their risks, but they can be harder and more expensive to trade in bear markets. In the latest month, the strategy was also less exposed to the Liquidity factor compared with Morningstar Category peers. This strategy also has tilted in favor of high-quality stocks, those that have demonstrated low financial leverage and solid return on equity, during these years. High exposure to the quality factor means holding companies that are consistently profitable, growing, and have solid balance sheets. Compared with category peers, the strategy also had more exposure to the Quality factor in the most recent month. Additionally, this strategy has exhibited a tilt toward low-volatility stocks in these years, meaning companies with a lower historical standard deviation of returns over its peers. These low-risk stocks are typically at their best when markets are not. Low volatility exposure contributes to limited loss on the downside at the cost of a lag in bull markets. In recent months, the strategy also had less Volatility factor exposure than its peers. More information on a fund and its respective category's factor exposure can be found in the Factor Profile module within the Portfolio section. 

 The portfolio is overweight in consumer cyclical and financial services relative to the category average by 3.1 and 2.8 percentage points, respectively. The sectors with low exposure compared to category peers are basic materials and technology, underweight the average by 4.2 and 4.0 percentage points of assets, respectively. The portfolio is composed of 275 holdings and is relatively concentrated. Specifically, 17.7% of the strategy's assets are housed within the top 10 holdings, compared with the category’s 13.9% average. And finally, in terms of portfolio turnover, looking at year-over-year movements, 23% of the fund's holdings have turned over, whether through increasing, decreasing, or changing a position.

Above Average

Process

WisdomTree’s equity team is good but unexceptional, earning the strategy an Average People Pillar rating. There’s a deep bench of five managers listed on the fund. Together, they manage a total of 113 strategies, with a Bronze asset-weighted average Morningstar Medalist Rating, indicating the potential to deliver positive alpha relative to the category median in aggregate.  

 Note: This People Pillar rating is indirectly assigned by an analyst. Morningstar analysts evaluate the People Pillar for passive products at the brand level and may also differentiate by asset class. There is at least one other passive strategy at the firm that is covered by a Morningstar analyst, so the People Pillar rating of the fund is inherited from the rating that the Morningstar analyst assigned to investment vehicles under the same brand name.

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 International LargeCap Dividend Fund

DOL tracks a dividend-weighted index that measures the performance of dividend-paying large-cap companies outside Canada and the US.

Successful ETFs can look back on key milestones, from anniversaries to debuts on popular brokerages. For many investors, however, one factor that tends to draw attention, AUM thresholds, can really appeal.

International Dividend ETF DOL Hits $500 Million

WisdomTree International LargeCap Dividend Fund ETF holds 261 dividend stocks from developed markets, excluding North America. It is well-diversified across countries and holdings, but it is quite heavy in financials. The yield is attractive, and the fund has outperformed a number of competitors in the last 12 months.

DOL Has Been Unable To Keep Pace With Inflation

DOL is a developed world dividend ETF excluding North America. Almost two-thirds of assets are invested in European companies.

DOL: A Dull International Dividend ETF

Dollarama Inc. (OTCPK:DLMAF) Q2 2023 Earnings Conference Call September 9, 2022 10:30 AM ET Company Participants Neil Rossy - President and Chief Executive Officer J.P. Towner - Chief Operating Officer Conference Call Participants Irene Nattel - RBC Capital Markets Brian Morrison - TD Securities Peter Sklar - BMO Capital Markets Vishal Shreedhar - National Bank Patricia Baker - Scotiabank Anthony Bonadio - Wells Fargo Martin Landry - Stifel GMP Derek Dley - Canaccord Genuity Operator Good morning and welcome to the Dollarama Fiscal 2023 Second Quarter Results Conference Call.

Dollarama Inc. (DLMAF) Q2 2023 Earnings Call Transcript

WisdomTree International MidCap Dividend Fund

WisdomTree International SmallCap Dividend Fund

WisdomTree International Equity Fund

We recently rebalanced many of our WisdomTree international equity Indexes as part of their annual reconstitution process. As a result of the 2021 rebalance, the broad market and large-cap Indexes exhibited modest changes of 2% or less across all sectors compared to their pre-rebalance positions, except for Financials and Health Care.

A Deeper Look At Our International Dividend Index Rebalance

DOL is a passively managed income-focused fund with net assets of $373.4 million and an expense ratio of 0.48%.

News for WisdomTree International LargeCap Dividend Fund ETF (DOL)