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Launched on 06/16/2006, the WISDMTR-IN D MC (DIM - Free Report) is a smart beta exchange traded fund offering broad exposure to the Broad Developed World ETFs category of the U.S. equity market.
What Are Smart Beta ETFs?
Products that are based on market cap weighted indexes, which are strategies designed to reflect a specific market segment or the market as a whole, have traditionally dominated the ETF industry.
Because market cap weighted indexes provide a low-cost, convenient, and transparent way of replicating market returns, they work well for investors who believe in market efficiency.
If you're the kind of investor who would rather try and beat the market through good stock selection, then smart beta funds are your best choice; this fund class is known for tracking non-cap weighted strategies.
Based on specific fundamental characteristics, or a combination of such, these indexes attempt to pick stocks that have a better chance of risk-return performance.
While this space offers a number of choices to investors, including simplest equal-weighting, fundamental weighting and volatility/momentum based weighting methodologies, not all these strategies have been able to deliver superior results.
Fund Sponsor & Index
The fund is managed by Wisdomtree, and has been able to amass over $288.77 M, which makes it one of the average sized ETFs in the Broad Developed World ETFs. Before fees and expenses, this particular fund seeks to match the performance of the WisdomTree International MidCap Dividend Index.
WisdomTree International MidCap Dividend Index is a fundamentally weighted index, measures the performance of the mid-capitalization segment of the dividend-paying market in the industrialized world outside the U.S & Canada. The Index is comprised of the companies that comprise the top 75% of market capitalization of the WisdomTree DEFA Index after the 300 largest companies have been removedn.
Cost & Other Expenses
Investors should also pay attention to an ETF's expense ratio. Lower cost products will produce better results than those with a higher cost, assuming all other metrics remain the same.
Annual operating expenses for this ETF are 0.58%, making it one of the more expensive products in the space.
The fund has a 12-month trailing dividend yield of 2.91%.
Sector Exposure and Top Holdings
ETFs offer diversified exposure and thus minimize single stock risk, but it is still important to delve into a fund's holdings before investing. Most ETFs are very transparent products and many disclose their holdings on a daily basis.
When you look at individual holdings, Centrica Plc (CNA - Free Report) accounts for about 0.67% of the fund's total assets, followed by Snam Spa (SRG - Free Report) and Persimmon Plc (PSN).
The top 10 holdings account for about 5.77% of total assets under management.
Performance and Risk
So far this year, the ETF has lost about -3.20%, and is up roughly 4.83% in the last one year (as of 07/16/2018). DIM has traded between $64.61 and $73.67 in the past 52-week period.
The ETF has a beta of 0.92 and standard deviation of 14.27% for the trailing three-year period, making it a low choice in the space. With about 628 holdings, it effectively diversifies company-specific risk.
Bottom Line
To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.
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Is WISDMTR-IN D MC (DIM) a Hot ETF Right Now?
Launched on 06/16/2006, the WISDMTR-IN D MC (DIM - Free Report) is a smart beta exchange traded fund offering broad exposure to the Broad Developed World ETFs category of the U.S. equity market.
What Are Smart Beta ETFs?
Products that are based on market cap weighted indexes, which are strategies designed to reflect a specific market segment or the market as a whole, have traditionally dominated the ETF industry.
Because market cap weighted indexes provide a low-cost, convenient, and transparent way of replicating market returns, they work well for investors who believe in market efficiency.
If you're the kind of investor who would rather try and beat the market through good stock selection, then smart beta funds are your best choice; this fund class is known for tracking non-cap weighted strategies.
Based on specific fundamental characteristics, or a combination of such, these indexes attempt to pick stocks that have a better chance of risk-return performance.
While this space offers a number of choices to investors, including simplest equal-weighting, fundamental weighting and volatility/momentum based weighting methodologies, not all these strategies have been able to deliver superior results.
Fund Sponsor & Index
The fund is managed by Wisdomtree, and has been able to amass over $288.77 M, which makes it one of the average sized ETFs in the Broad Developed World ETFs. Before fees and expenses, this particular fund seeks to match the performance of the WisdomTree International MidCap Dividend Index.
WisdomTree International MidCap Dividend Index is a fundamentally weighted index, measures the performance of the mid-capitalization segment of the dividend-paying market in the industrialized world outside the U.S & Canada. The Index is comprised of the companies that comprise the top 75% of market capitalization of the WisdomTree DEFA Index after the 300 largest companies have been removedn.
Cost & Other Expenses
Investors should also pay attention to an ETF's expense ratio. Lower cost products will produce better results than those with a higher cost, assuming all other metrics remain the same.
Annual operating expenses for this ETF are 0.58%, making it one of the more expensive products in the space.
The fund has a 12-month trailing dividend yield of 2.91%.
Sector Exposure and Top Holdings
ETFs offer diversified exposure and thus minimize single stock risk, but it is still important to delve into a fund's holdings before investing. Most ETFs are very transparent products and many disclose their holdings on a daily basis.
When you look at individual holdings, Centrica Plc (CNA - Free Report) accounts for about 0.67% of the fund's total assets, followed by Snam Spa (SRG - Free Report) and Persimmon Plc (PSN).
The top 10 holdings account for about 5.77% of total assets under management.
Performance and Risk
So far this year, the ETF has lost about -3.20%, and is up roughly 4.83% in the last one year (as of 07/16/2018). DIM has traded between $64.61 and $73.67 in the past 52-week period.
The ETF has a beta of 0.92 and standard deviation of 14.27% for the trailing three-year period, making it a low choice in the space. With about 628 holdings, it effectively diversifies company-specific risk.
Bottom Line
To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.