Davis Select International
ALTAR
Score™
5.8% info Recommen-
dation
UNDERWEIGHT
2019E    2020E
P/E
ratio
20.1x P/Sales
ratio
1.6x
P/BV
ratio
2.0x Div.
yield
1.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Davis Select International ETF is an actively managed portfolio of international stocks, from developed and emerging markets, selected based on prospects for long-term growth of capital.

FUND BASICS
Category International Equities
Fund Sponsor Davis
Website davisetfs.com
Inception date Mar 01, 2018
Assets (mns) $137
Currency USD
Expense ratio 75 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Proprietary
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 31
Wgt avg mkt cap (mns) $76,771
Large cap (>$10bn) 76.0%
Mid cap ($2-10bn) 11.6%
Small cap (<$2bn) 12.4%
Developed mkts 51.6%
Emerging mkts 48.4%

TOP TEN HOLDINGS
NEW ORIENTAL EDUCATIO-SP ADR 11.5 %
ALIBABA GROUP HOLDING LTD. SPONSOR 8.2 %
WOLSELEY PLC 5.2 %
SCHNEIDER ELECTRIC SA 5.0 %
JD.COM INC-ADR 4.9 %
NASPERS LTD-N SHS 4.4 %
DBS GROUP HOLDINGS LTD 4.4 %
SUL AMERICA SA - UNITS 4.2 %
MEITUAN DIANPING 4.0 %
SAFRAN SA 4.0 %
Total 55.8 %

TOP COUNTRY EXPOSURE
CHINA 37.2 %
FRANCE 8.9 %
SWITZERLAND 6.7 %
BRITAIN 5.7 %
BRAZIL 5.0 %
CANADA 4.5 %
SOUTH AFRICA 4.4 %
SINGAPORE 4.4 %
HONG KONG 3.7 %
BERMUDA 3.4 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
21.6% 13.9% -- -- -3.8%

Market Correlations
versus... Beta R-squared
S&P500 1.15 77%
MSCI EAFE 1.40 84%
MSCI Emg. Mkts. 1.11 76%

Technical Indicators
Recent close $18.45
30d moving avg. $18.31
Annualized volatility 19.4%
Short interest (ETF) 0.4%
Relative strength (RSI) 59

Liquidity measures
Avg. volume (thou.) 9
Turnover 0.1%
Bid/Ask (% of price) 0.41%
ADV underlying (mns) $7,148

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the Davis Select International ETF based on the alternatives' overlap in portfolio holdings with DINT. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: DINT Expense: 75 bp ALTAR Score™: 5.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH DINT
Ticker Fund
Name
Overlap1
vs DINT
(%)
Expense
ratio
(bp)
Savings
vs DINT
(bp)
ALTAR
Score™
(%)
ALTAR
vs DINT
(%)
DWLD Davis Select Worldwide 52.3 64 11 6.0 +0.2
PGJ Invesco Golden Dragon China 25.5 70 5 3.7 -2.1
CHIQ Global X MSCI China Consumer Discretionary 23.5 65 10 5.3 -0.5
FDNI First Trust Dow Jones International Internet 23.4 65 10 4.5 -1.3
KWEB KraneShares CSI China Internet 20.8 76 -1 3.8 -2.0
EMQQ Emerging Markets Internet & E-Commerce 20.4 86 -11 3.8 -2.0
TTTN TigerShares China-U.S. Internet Titans 18.5 59 16 3.9 -2.0
CXSE WisdomTree China ex-State Owned Enterprises 18.3 32 43 7.0 +1.2
KEMQ KraneShares EM Consumer Focus 18.2 80 -5 7.7 +1.9
FNI First Trust ISE Chindia 17.3 59 16 4.0 -1.8
DUSA Davis Select U.S. Equity 17.3 63 12 4.9 -0.9
EEB Invesco BRIC 15.9 64 11 6.6 +0.8
CHIL Global X MSCI China Large-Cap 50 15.2 29 46 10.3 +4.5
FLCH Franklin FTSE China 14.7 19 56 9.9 +4.1
GXC SPDR S&P China ETF 13.9 59 16 9.1 +3.3
PNQI Invesco Nasdaq Internet 13.5 62 13 2.8 -3.0
ADRE BLDRs Emerging Markets 50 ADR 13.4 30 45 6.4 +0.6
DFNL Davis Select Financial 13.4 64 11 6.6 +0.8
KALL KraneShares MSCI China All Shares 13.3 49 26 8.9 +3.1
CQQQ Invesco China Technology 13.2 70 5 5.2 -0.6

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2014 2015 2016 2017 2018 2019E 2020E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2018 2019E 2020E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
Davis Select International
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 12.1 %
Divided by: Fwd. P/BV 1.8 x
Less: Expense ratio 75 bp
Equals: ALTAR Score 5.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.40 CATEGORY
AVERAGE
1.63
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.