Davis Select International ETF
ALTAR
Score™		 6.4% info Recommen-
dation		 UNDERWEIGHT
2020E    2021E
P/E
ratio		 24.1x P/Sales
ratio		 1.9x
P/BV
ratio		 1.7x Div.
yield		 1.9%


  • 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) $184
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 25
Wgt avg mkt cap (mns) $73,761
Large cap (>$10bn) 72.9%
Mid cap ($2-10bn) 18.5%
Small cap (<$2bn) 8.7%
Developed mkts 62.2%
Emerging mkts 37.8%

TOP TEN HOLDINGS
NEW ORIENTAL EDUCATIO-SP ADR 8.2 %
MEITUAN DIANPING 7.5 %
ALIBABA GROUP HOLDING LTD. SPONSOR 6.8 %
JD.COM INC-ADR 5.3 %
DBS GROUP HOLDINGS LTD 4.7 %
DNB NOR ASA 4.7 %
DANSKE BANK A/S 4.5 %
JULIUS BAER GROUP LTD 4.5 %
NASPERS LTD-N SHS 4.5 %
58.COM INC. SPONSORED ADR CLASS A 4.3 %
Total 55.2 %

TOP COUNTRY EXPOSURE
CHINA 39.7 %
SWITZERLAND 8.7 %
FRANCE 6.2 %
SINGAPORE 4.7 %
NORWAY 4.7 %
DENMARK 4.5 %
SOUTH AFRICA 4.5 %
BRITAIN 4.0 %
HONG KONG 3.9 %
BERMUDA 2.5 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru April 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-14.7% -11.8% -- -- -7.4%

Market Correlations
versus... Beta R-squared
S&P500 1.01 79%
MSCI EAFE 1.15 84%
MSCI Emg. Mkts. 0.94 83%

Technical Indicators
Recent close $16.85
30d moving avg. $15.96
Annualized volatility 22.2%
Short interest (ETF) 0.3%
Relative strength (RSI) 60

Liquidity measures
Avg. volume (thou.) 157
Turnover 1.4%
Bid/Ask (% of price) 0.62%
ADV underlying (mns) $7,671

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Davis Select International ETF 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™: 6.4%


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 ETF 46.9 64 11 7.0 +0.7
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 25.5 86 -11 2.5 -3.9
KWEB KraneShares CSI China Internet ETF 25.3 76 -1 3.8 -2.6
FDNI First Trust Dow Jones International Internet ETF 25.2 65 10 3.0 -3.4
CHIQ Global X China Consumer ETF 23.3 65 10 10.1 +3.8
PGJ Invesco Golden Dragon China ETF 21.9 70 5 3.8 -2.6
TTTN UP Fintech China-U.S. Internet Titans ETF 20.8 59 16 5.2 -1.2
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 19.3 80 -5 1.9 -4.4
CXSE WisdomTree China ex-State-Owned Enterprises Fund 18.0 32 43 7.4 +1.1
FNI First Trust Chindia ETF 17.0 59 16 3.8 -2.6
DFNL Davis Select Financial ETF 16.2 64 11 8.3 +2.0
ADRE Invesco BLDRS Emerging Markets 50 ADR Index Fund 14.9 18 57 6.5 +0.2
ECON Columbia Emerging Markets Consumer ETF 14.8 59 16 5.2 -1.2
CHIL Global X MSCI China Large-Cap 50 ETF 14.7 29 46 10.0 +3.6
FLCH Franklin FTSE China ETF 14.0 19 56 9.7 +3.4
DUSA Davis Select U.S. Equity ETF 14.0 63 12 5.9 -0.5
GXC SPDR S&P China ETF 13.4 59 16 9.4 +3.1
FLAX Franklin FTSE Asia Ex Japan ETF 12.9 19 56 9.1 +2.7
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 12.8 32 43 7.3 +0.9
KALL KraneShares FTSE Emerging Markets Plus ETF 12.2 49 26 9.6 +3.3
ISEM Invesco Strategic Emerging Markets ETF 12.2 35 40 11.1 +4.8
CQQQ Invesco China Technology ETF 12.1 70 5 4.6 -1.8
AAXJ iShares MSCI All Country Asia ex Japan ETF 12.0 68 7 8.5 +2.2
MCHI iShares MSCI China ETF 12.0 59 16 9.6 +3.2
SCHE Schwab Emerging Markets Equity ETF 11.9 13 62 9.2 +2.8
PBEE Invesco PureBeta FTSE Emerging Markets ETF 11.8 14 61 10.1 +3.7
EBIZ Global X E-Commerce ETF 11.8 50 25 3.2 -3.2
WCHN WisdomTree ICBCCS S&P China 500 Fund 11.3 55 20 9.3 +2.9
VWO Vanguard FTSE Emerging Markets ETF 11.3 10 65 9.4 +3.0
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 11.3 30 45 9.3 +2.9
PNQI Invesco NASDAQ Internet ETF 11.2 62 13 1.3 -5.0
GMF SPDR S&P Emerging Asia Pacific ETF 10.8 49 26 8.5 +2.1
NUEM Nuveen ESG Emerging Markets Equity ETF 10.8 45 30 8.2 +1.8
BKF iShares MSCI BRIC ETF 10.7 69 6 9.0 +2.7
CN Xtrackers MSCI All China Equity ETF 10.5 50 25 9.9 +3.5
SPEM SPDR Portfolio Emerging Markets ETF 10.5 11 64 9.1 +2.7
EEM iShares MSCI Emerging Markets ETF 10.4 68 7 8.8 +2.5
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 10.3 20 55 8.1 +1.7
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 10.3 65 10 8.9 +2.6
EEMA iShares MSCI Emerging Markets Asia ETF 10.0 50 25 9.0 +2.7
ESGE iShares ESG MSCI EM ETF 9.9 25 50 10.3 +4.0
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 9.4 95 -20 10.9 +4.5
IEMG iShares Core MSCI Emerging Markets ETF 9.4 14 61 9.3 +2.9
ONLN ProShares Online Retail ETF 9.2 58 17 1.8 -4.6
GBUY Goldman Sachs Motif New Age Consumer ETF 9.2 50 25 2.3 -4.0
EEMO Invesco S&P Emerging Markets Momentum ETF 8.5 30 45 7.6 +1.3
AIA iShares Asia 50 ETF 8.3 50 25 9.4 +3.0
BUYZ Franklin Disruptive Commerce ETF 8.3 50 25 -0.1 -6.4
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 8.1 45 30 9.1 +2.8
DVEM WisdomTree Emerging Markets Dividend Fund 8.0 32 43 9.6 +3.3
OGIG O'Shares Global Internet Giants ETF 7.9 48 27 0.6 -5.8
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 7.8 16 59 7.5 +1.2
GOAT VanEck Vectors Morningstar Global Wide Moat ETF 7.6 52 23 5.6 -0.8
IPOS Renaissance International IPO ETF 7.5 80 -5 5.7 -0.6
BICK First Trust BICK Index Fund 7.4 64 11 4.8 -1.5
JOYY Infusive Compounding Global Equities ETF 7.3 50 25 4.0 -2.3
GIGE SoFi Gig Economy ETF 7.3 59 16 -0.4 -6.8
AIQ Global X Future Analytics Tech ETF 7.0 68 7 4.3 -2.0
GENY Principal Millennials Index ETF 6.9 45 30 4.4 -2.0
XNTK SPDR Morgan Stanley Technology ETF 6.9 35 40 4.1 -2.3
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 6.8 40 35 8.1 +1.8
XBUY Amplify International Online Retail ETF 6.6 69 6 -1.0 -7.3
JHEM John Hancock Multifactor Emerging Markets ETF 6.6 55 20 9.5 +3.1
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 6.4 49 26 9.6 +3.2
FXI iShares China Large-Cap ETF 6.4 74 1 14.2 +7.9
ARKF ARK Fintech Innovation ETF 6.4 75 0 1.1 -5.3
EWQ iShares MSCI France ETF 6.1 50 25 7.0 +0.7
FLFR Franklin FTSE France ETF 6.1 9 66 7.4 +1.0
VSGX Vanguard ESG International Stock ETF 6.0 17 58 7.9 +1.6
CWI SPDR MSCI ACWI ex-US ETF 5.9 30 45 8.1 +1.7
VIGI Vanguard International Dividend Appreciation ETF 5.7 25 50 6.3 -0.1
EPP iShares MSCI Pacific ex-Japan ETF 5.7 48 27 7.4 +1.1
BBAX JPMorgan BetaBuilders Developed Asia ex-Japan ETF 5.6 19 56 7.6 +1.2
PEK VanEck Vectors ChinaAMC CSI 300 ETF 5.6 60 15 8.6 +2.2
ACWX iShares MSCI ACWI ex U.S. ETF 5.6 32 43 8.0 +1.7
PIE Invesco DWA Emerging Markets Momentum ETF 5.6 90 -15 6.1 -0.3
VEU Vanguard FTSE All-World ex-US Index Fund 5.5 8 67 8.3 +1.9
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 5.5 40 35 7.9 +1.5
FPXI First Trust International Equity Opportunities ETF 5.4 70 5 3.0 -3.4
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 5.3 59 16 11.8 +5.5
CHIC Global X Nasdaq China Technology ETF 5.2 65 10 4.6 -1.7
MOTI VanEck Vectors Morningstar International Moat ETF 5.1 57 18 8.9 +2.5
FIVA Fidelity International Value Factor ETF 5.1 39 36 11.1 +4.8
IDHQ Invesco S&P International Developed High Quality ETF 5.0 29 46 5.6 -0.7
IQLT iShares Edge MSCI Intl Quality Factor ETF 5.0 30 45 6.6 +0.2
VXUS Vanguard Total International Stock Index Fund 5.0 8 67 8.3 +1.9
EMCG WisdomTree Emerging Markets Consumer Growth Fund 5.0 32 43 8.0 +1.6
IXUS ishares Core MSCI Total International Stock ETF 4.9 9 66 8.1 +1.7
GMAN Goldman Sachs Motif Manufacturing Revolution ETF 4.9 50 25 4.5 -1.8
BLOK Amplify Transformational Data Sharing ETF 4.9 70 5 5.6 -0.8
EFG iShares MSCI EAFE Growth ETF 4.8 40 35 5.0 -1.4
IQSI IQ Candriam ESG International Equity ETF 4.8 15 60 7.8 +1.5
ASEA Global X Southeast Asia ETF 4.7 65 10 11.1 +4.8
EWS iShares MSCI Singapore ETF 4.7 50 25 9.6 +3.3
GVIP Goldman Sachs Hedge Industry VIP ETF 4.7 45 30 4.6 -1.8
NORW Global X MSCI Norway ETF 4.7 50 25 11.4 +5.0
ENOR iShares MSCI Norway Capped ETF 4.7 53 22 11.3 +5.0
LEGR First Trust Index Digital Transaction & Process Technology E 4.7 65 10 7.5 +1.2
AVEM Avantis Emerging Markets Equity ETF 4.7 33 42 10.1 +3.8
NUDM Nuveen ESG International Developed Markets Equity ETF 4.6 40 35 7.3 +1.0

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%.

Content on this tab for subscribers only**

RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
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

Content on this tab for subscribers only

VALUATION METRICS
  2019 2020E 2021E
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 ETF
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 11.8 %
Divided by: Fwd. P/BV 1.7 x
Less: Expense ratio 75 bp
Equals: ALTAR Score 6.4 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.34 CATEGORY
AVERAGE		 1.58
 
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.