WisdomTree International Quality Dividend Growth Fund
Name
As of 04/30/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
0.1%
1 yr return
4.9%
3 Yr Avg Return
0.5%
5 Yr Avg Return
7.0%
Net Assets
$975 M
Holdings in Top 10
33.2%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.42%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 63.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 04/30/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
IQDG - Profile
Distributions
- YTD Total Return 0.1%
- 3 Yr Annualized Total Return 0.5%
- 5 Yr Annualized Total Return 7.0%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 3.16%
- Dividend Yield 2.3%
- Dividend Distribution Frequency Quarterly
Fund Details
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Legal NameWisdomTree International Quality Dividend Growth Fund
-
Fund Family NameWisdomTree Trust
-
Inception DateApr 07, 2016
-
Shares Outstanding9750000
-
Share ClassN/A
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CurrencyUSD
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Domiciled CountryUS
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ManagerMarlene Walker-Smith
Fund Description
The Fund employs a “passive management” – or indexing – investment approach designed to track the performance of the Index. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of the securities in the Index whose risk, return and other characteristics resemble the risk, return and other characteristics of the Index as a whole. Under normal circumstances, at least 80% of the Fund’s total assets (exclusive of collateral held from securities lending) will be invested in component securities of the Index and investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities.
The Index consists of dividend-paying common stocks with growth characteristics of companies in the industrialized world, excluding Canada and the United States. The Index is generally comprised of the 300 companies in the WisdomTree International Equity Index with the best combined rank of certain growth and quality factors, specifically: long-term earnings growth expectations, return on equity, and return on assets. The WisdomTree International Equity Index is a fundamentally weighted index that is comprised of companies that pay regular cash dividends. To be eligible for inclusion in the WisdomTree International Equity Index a company must be incorporated in and list its shares on the major stock exchange in one of 15 developed European countries (Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, or the United Kingdom), Israel, Japan, Australia, Hong Kong, or Singapore.
To be eligible for inclusion in the Index, a company must meet the following criteria as of the annual Index screening date: (i) payment of at least $5 million in cash dividends on common shares during the preceding annual cycle; (ii) market capitalization of at least $1 billion; (iii) an earnings yield that is greater than its dividend yield; (iv) median daily dollar trading volume of at least $100,000 for the preceding three months; and (v) trading of at least 250,000 shares per month for each of the preceding six months. Eligible companies are ranked according to a rules-based calculation based on the following three factors, weighted as follows: medium-term earnings growth expectations (50%), the historical three-year average return on equity (25%), and the historical three-year average return on assets (25%). The top 300 ranked companies are selected for inclusion in the Index.
Securities are weighted in the Index based on dividends paid over the prior annual cycle. Companies that pay a greater total dollar amount of dividends are more heavily weighted. To derive a company’s initial Index weight, (i) multiply the U.S. dollar value of the company’s annual gross dividend per share by the number of common shares outstanding for that company (the “Cash Dividend Factor”); (ii) calculate the Cash Dividend Factor for each company; (iii) add together all of the companies’ Cash Dividend Factors; and (iv) divide the company’s Cash Dividend Factor by the sum of all Cash Dividend Factors. On the Index’s annual screening date, the maximum weight of any security in the Index is capped at 5%, and the Index caps the weight of components exposed to any one country and any one sector (except for the real estate sector) at 20%. The weight of components exposed to the real estate sector is capped at 15%. The Index also may adjust the weight of individual components on the annual screening date based on certain quantitative thresholds or limits tied to key metrics of a component security, such as its trading volume. To the extent the Index reduces an individual component’s weight, the excess weight will be reallocated pro rata among the other components. Similarly, if the Index increases a component’s weight, the weight of the other components will be reduced on a pro rata basis to contribute the weight needed for such increase. The weight of a sector, country, or individual component in the Index may fluctuate above or below specified caps and thresholds, respectively, between screening dates in response to market conditions.
WisdomTree, Inc. (“WisdomTree”), as Index provider, currently uses the Global Industry Classification Standard (GICS®), a widely recognized industry classification methodology developed by MSCI, Inc. and Standard & Poor’s Financial Services LLC, to define companies within a sector. The following sectors are included in the Index: communication services, consumer discretionary, consumer staples, energy, financials, health care, industrials, information technology, materials, real estate, and utilities. A sector is comprised of multiple industries. For example, the energy sector is comprised of companies in the energy equipment and services industry as well as the oil, gas and consumable fuels industry. As of June 30, 2023, companies in the consumer discretionary, health care and consumer staples sectors comprised a significant portion (i.e., in excess of 15% of the Index’s total weighting) of the Index; however, the Index's sector exposure may change from time to time.
To the extent the Index concentrates (i.e., holds 25% or more of its total assets) in the securities of a particular industry or group of industries, the Fund will concentrate its investments to approximately the same extent as the Index.
As of June 30, 2023, the equity securities of companies domiciled in or otherwise tied to Europe, particularly Switzerland and the United Kingdom comprised a significant portion (i.e., in excess of 15% of the Index’s total weighting) of the Index, although the Index’s geographic exposure may change from time to time.
IQDG - Performance
Return Ranking - Trailing
Period | IQDG Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.1% | -8.4% | 17.6% | 86.40% |
1 Yr | 4.9% | -5.5% | 29.2% | 69.52% |
3 Yr | 0.5%* | -20.5% | 9.1% | 22.72% |
5 Yr | 7.0%* | -3.7% | 12.4% | 20.48% |
10 Yr | N/A* | -1.1% | 9.1% | 84.77% |
* Annualized
Return Ranking - Calendar
Period | IQDG Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 18.5% | -0.4% | 28.6% | 15.37% |
2022 | -23.3% | -49.5% | -13.3% | 23.74% |
2021 | 9.3% | -22.2% | 19.3% | 15.67% |
2020 | 14.3% | -4.9% | 85.0% | 78.90% |
2019 | 27.3% | -4.0% | 45.1% | 38.67% |
Total Return Ranking - Trailing
Period | IQDG Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.1% | -8.4% | 17.6% | 86.40% |
1 Yr | 4.9% | -5.5% | 29.2% | 69.52% |
3 Yr | 0.5%* | -20.5% | 9.1% | 22.72% |
5 Yr | 7.0%* | -3.7% | 12.4% | 20.48% |
10 Yr | N/A* | -1.1% | 9.1% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | IQDG Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 20.8% | 1.8% | 28.6% | 9.07% |
2022 | -20.0% | -44.4% | -11.0% | 19.95% |
2021 | 12.3% | -20.6% | 20.5% | 19.32% |
2020 | 16.5% | -4.9% | 97.1% | 76.44% |
2019 | 30.0% | 0.5% | 45.3% | 34.14% |
IQDG - Holdings
Concentration Analysis
IQDG | Category Low | Category High | IQDG % Rank | |
---|---|---|---|---|
Net Assets | 975 M | 191 K | 137 B | 56.36% |
Number of Holdings | 250 | 4 | 1799 | 8.73% |
Net Assets in Top 10 | 320 M | 65.4 K | 34.8 B | 54.36% |
Weighting of Top 10 | 33.16% | 12.7% | 100.2% | 45.14% |
Top 10 Holdings
- LVMH Moet Hennessy Louis Vuitton SE 4.54%
- Industria de Diseno Textil SA 4.37%
- Novartis AG 3.44%
- AstraZeneca PLC 3.41%
- ASML Holding NV 3.32%
- Deutsche Post AG 3.19%
- Roche Holding AG 3.17%
- Novo Nordisk A/S 2.67%
- UBS Group AG 2.62%
- Diageo PLC 2.45%
Asset Allocation
Weighting | Return Low | Return High | IQDG % Rank | |
---|---|---|---|---|
Stocks | 99.67% | 85.39% | 104.45% | 7.73% |
Cash | 1.60% | 0.00% | 9.35% | 53.87% |
Preferred Stocks | 0.00% | 0.00% | 4.57% | 89.03% |
Other | 0.00% | -1.92% | 4.14% | 88.03% |
Convertible Bonds | 0.00% | 0.00% | 2.45% | 85.25% |
Bonds | 0.00% | 0.00% | 0.07% | 84.79% |
IQDG - Expenses
Operational Fees
IQDG Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.42% | 0.01% | 13.07% | 96.74% |
Management Fee | 0.42% | 0.00% | 1.50% | 12.72% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.03% | 0.80% | N/A |
Sales Fees
IQDG Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 3.50% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
IQDG Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.25% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
IQDG Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 63.00% | 7.00% | 149.00% | 82.77% |
IQDG - Distributions
Dividend Yield Analysis
IQDG | Category Low | Category High | IQDG % Rank | |
---|---|---|---|---|
Dividend Yield | 2.33% | 0.00% | 13.00% | 23.00% |
Dividend Distribution Analysis
IQDG | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly | Annual | Annual | Annual |
Net Income Ratio Analysis
IQDG | Category Low | Category High | IQDG % Rank | |
---|---|---|---|---|
Net Income Ratio | 3.16% | -1.69% | 3.16% | 0.25% |
Capital Gain Distribution Analysis
IQDG | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Semi-Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Mar 27, 2024 | $0.210 | OrdinaryDividend |
Dec 28, 2023 | $0.115 | OrdinaryDividend |
Sep 28, 2023 | $0.070 | OrdinaryDividend |
Jun 29, 2023 | $0.270 | OrdinaryDividend |
Mar 30, 2023 | $0.185 | OrdinaryDividend |
Dec 29, 2022 | $0.091 | OrdinaryDividend |
Sep 29, 2022 | $0.250 | OrdinaryDividend |
Jun 29, 2022 | $0.605 | OrdinaryDividend |
Mar 30, 2022 | $0.335 | OrdinaryDividend |
Dec 30, 2021 | $0.099 | OrdinaryDividend |
Sep 29, 2021 | $0.455 | OrdinaryDividend |
Jun 29, 2021 | $0.190 | OrdinaryDividend |
Mar 30, 2021 | $0.321 | OrdinaryDividend |
Dec 24, 2020 | $0.190 | OrdinaryDividend |
Sep 25, 2020 | $0.135 | OrdinaryDividend |
Jun 26, 2020 | $0.160 | OrdinaryDividend |
Mar 27, 2020 | $0.118 | OrdinaryDividend |
Dec 27, 2019 | $0.157 | OrdinaryDividend |
Sep 27, 2019 | $0.140 | OrdinaryDividend |
Jun 28, 2019 | $0.265 | OrdinaryDividend |
Mar 29, 2019 | $0.060 | OrdinaryDividend |
Dec 28, 2018 | $0.163 | OrdinaryDividend |
Sep 28, 2018 | $0.102 | OrdinaryDividend |
Jun 28, 2018 | $0.189 | OrdinaryDividend |
Mar 23, 2018 | $0.039 | OrdinaryDividend |
Dec 29, 2017 | $0.099 | OrdinaryDividend |
Sep 29, 2017 | $0.090 | OrdinaryDividend |
Jun 30, 2017 | $0.185 | OrdinaryDividend |
Mar 31, 2017 | $0.150 | OrdinaryDividend |
Dec 30, 2016 | $0.063 | OrdinaryDividend |
Sep 30, 2016 | $0.075 | OrdinaryDividend |
Jun 24, 2016 | $0.185 | OrdinaryDividend |
IQDG - Fund Manager Analysis
Managers
Marlene Walker-Smith
Start Date
Tenure
Tenure Rank
Oct 26, 2020
1.59
1.6%
Marlene is head of equity index portfolio management. She leads the team of equity index portfolio managers managing US and non-US equity index portfolios and is responsible for the refinement and implementation of the entire equity index portfolio management process. Previously, Marlene served as a senior portfolio manager within the equity index team and prior to joining the equity index team was an equity trader for the firm. Prior to joining the firm in 1995, Marlene was a trader for Banc One Investment Advisors Corporation and a brokerage services manager for Mid Atlantic Capital Corporation. Marlene has been in the investment industry since 1990. Marlene earned an MBA in finance from the University of Pittsburgh and a BA in history and Russian from Washington & Jefferson College.
Todd Frysinger
Start Date
Tenure
Tenure Rank
Jun 30, 2021
0.92
0.9%
Mr. Frysinger is a vice president and senior portfolio manager at Mellon. He has been employed by Mellon or a predecessor company since 2007.
David France
Start Date
Tenure
Tenure Rank
Jun 30, 2021
0.92
0.9%
Mr. France is a vice president and senior portfolio manager at Mellon. He has been employed by Mellon or a predecessor company since 2009.
Vlasta Sheremeta
Start Date
Tenure
Tenure Rank
Jun 30, 2021
0.92
0.9%
Ms. Sheremeta is a vice president and senior portfolio manager at Mellon. She has been employed by Mellon or a predecessor company since 2011.
Michael Stoll
Start Date
Tenure
Tenure Rank
Jun 30, 2021
0.92
0.9%
Mr. Stoll is a vice president and senior portfolio manager at Mellon. He has been employed by Mellon or a predecessor company since 2005.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 26.94 | 7.66 | 20.01 |