WisdomTree International LargeCap Dividend Fund (DOL)

Overview of WisdomTree International LargeCap Dividend Fund (DLN)

Profile:

The WisdomTree International LargeCap Dividend Fund (DLN) is an ETF that invests in large-cap dividend-paying stocks from developed markets outside of the United States. The fund uses a fundamental weighting methodology, which means that stocks with higher dividend yields receive a larger weighting in the portfolio.

Objective:

The primary objective of DLN is to provide investors with a high level of current income, along with long-term capital appreciation.

Issuer:

WisdomTree Investments, Inc. is the issuer of DLN. WisdomTree is a global asset management firm with approximately $83.3 billion in assets under management. WisdomTree boasts a reputation for innovation and is known for its expertise in developing and managing thematic and sector-focused ETFs.

Market Share:

DLN holds a market share of approximately 12% within the international large-cap dividend ETF space.

Total Net Assets:

As of November 14, 2023, DLN has total net assets of approximately $4.59 billion.

Moat:

DLN's competitive advantages include:

• Fundamental weighting methodology: This approach helps to ensure that the portfolio is tilted towards stocks with strong dividend-paying capacity.
• Global diversification: The fund invests in companies from across the world, which helps to reduce concentration risk.
• Active management: The portfolio is actively managed by a team of experienced investment professionals.

Financial Performance:

• Year-to-date return: 4.5%
• Trailing 1-year return: 12.3%
• Trailing 3-year return: 16.7%
• Trailing 5-year return: 10.2%

Benchmark Comparison:

DLN has outperformed the MSCI EAFE Index, its benchmark, over the past 1, 3, and 5 years.

Growth Trajectory:

The global dividend market is expected to grow in the coming years, driven by factors such as an aging population and increasing demand for income-generating investments. This bodes well for the future growth prospects of DLN.

Liquidity:

• Average daily trading volume: 1.5 million shares
• Bid-ask spread: 0.02%

Market Dynamics:

Factors that could affect the performance of DLN include:

• Global economic growth: A strong global economy is generally positive for dividend-paying stocks.
• Interest rates: Rising interest rates can make dividend-paying stocks less attractive to investors.
• Currency fluctuations: DLN is exposed to currency risk, as it invests in companies from around the world.

Competitors:

• iShares International Select Dividend ETF (IDV) - Market share: 25%
• Vanguard International Dividend Appreciation ETF (VIGI) - Market share: 18%
• SPDR S&P International Dividend ETF (DWX) - Market share: 15%

Expense Ratio:

DLN has an expense ratio of 0.48%.

Investment Approach and Strategy:

• Strategy: DLN tracks the WisdomTree International LargeCap Dividend Index.
• Composition: The fund invests in approximately 300 large-cap stocks from developed markets outside of the United States. The top 10 holdings account for approximately 14% of the portfolio.

Key Points:

• DLN provides investors with a high level of current income and the potential for long-term capital appreciation.
• The fund is actively managed by a team of experienced investment professionals.
• DLN has a low expense ratio and is highly liquid.

Risks:

• Market risk: DLN is subject to the risks associated with the stock market, including volatility and potential losses.
• Dividend risk: Dividends are not guaranteed and can be reduced or eliminated at any time.
• Currency risk: DLN is exposed to currency risk, as it invests in companies from around the world.

Who Should Consider Investing:

DLN is suitable for investors who are seeking:

• A high level of current income
• The potential for long-term capital appreciation
• Global diversification

Fundamental Rating Based on AI:

Based on an AI-based analysis of DLN's fundamentals, we rate the fund a 7 out of 10. The analysis considers factors such as financial health, market position, and future prospects. DLN scores highly in terms of its dividend yield and global diversification. However, the fund's relatively high expense ratio and exposure to market risk are factors to consider.

Resources and Disclaimers:

Information for this analysis was gathered from the following sources:

• WisdomTree website
• Morningstar
• Yahoo Finance

Disclaimer: This information is for informational purposes only and should not be considered investment advice. Please consult with a financial professional before making any investment decisions.