Davis Select International ETF
ALTAR
Score™		 5.9% info Recommen-
dation		 UNDERWEIGHT
2020E    2021E
P/E
ratio		 26.5x P/Sales
ratio		 2.3x
P/BV
ratio		 1.9x 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) $229
Currency USD
Expense ratio 68 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) $102,534
Large cap (>$10bn) 86.6%
Mid cap ($2-10bn) 5.5%
Small cap (<$2bn) 8.0%
Developed mkts 64.0%
Emerging mkts 36.0%

TOP TEN HOLDINGS
NEW ORIENTAL EDUCATIO-SP ADR 8.6 %
MEITUAN DIANPING 7.3 %
ALIBABA GROUP HOLDING LTD. SPONSOR 7.3 %
AIA GROUP LTD 4.9 %
DBS GROUP HOLDINGS LTD 4.7 %
DNB NOR ASA 4.6 %
58.COM INC. SPONSORED ADR CLASS A 4.6 %
JD.COM INC-ADR 4.6 %
DANSKE BANK A/S 4.5 %
SCHNEIDER ELECTRIC SA 4.3 %
Total 55.3 %

TOP COUNTRY EXPOSURE
CHINA 38.6 %
SWITZERLAND 7.7 %
FRANCE 6.9 %
HONG KONG 4.9 %
SINGAPORE 4.7 %
NORWAY 4.6 %
DENMARK 4.5 %
BRITAIN 4.2 %
SOUTH AFRICA 3.6 %
BERMUDA 3.1 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru August 31)
Year-to-date 1 year 5 years 10 years Since Incep.
8.3% 23.0% -- -- 3.3%

Market Correlations
versus... Beta R-squared
S&P500 1.04 78%
MSCI EAFE 1.18 85%
MSCI Emg. Mkts. 0.92 80%

Technical Indicators
Recent close $20.28
30d moving avg. $20.21
Annualized volatility 22.1%
Short interest (ETF) 0.4%
Relative strength (RSI) 57

Liquidity measures
Avg. volume (thou.) 22
Turnover 0.2%
Bid/Ask (% of price) 0.47%
ADV underlying (mns) $2,673

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 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: 68 bp ALTAR Score™: 5.9%


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 53.9 63 5 6.6 +0.7
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 25.4 86 -18 2.3 -3.6
FDNI First Trust Dow Jones International Internet ETF 24.6 65 3 2.2 -3.7
CHIQ Global X China Consumer ETF 24.2 65 3 7.4 +1.4
KWEB KraneShares CSI China Internet ETF 24.0 76 -8 2.0 -3.9
PGJ Invesco Golden Dragon China ETF 22.2 70 -2 3.3 -2.6
ECON Columbia Emerging Markets Consumer ETF 21.0 59 9 4.5 -1.4
CXSE WisdomTree China ex-State-Owned Enterprises Fund 21.0 32 36 6.0 +0.1
CHIL Global X MSCI China Large-Cap 50 ETF 20.3 29 39 7.9 +2.0
TTTN UP Fintech China-U.S. Internet Titans ETF 18.8 59 9 4.2 -1.7
FLCH Franklin FTSE China ETF 16.5 19 49 8.4 +2.5
FNI First Trust Chindia ETF 16.4 60 8 2.6 -3.3
DUSA Davis Select U.S. Equity ETF 16.4 63 5 6.0 +0.1
MCHI iShares MSCI China ETF 16.3 59 9 7.9 +2.0
GXC SPDR S&P China ETF 15.9 59 9 8.2 +2.3
DFNL Davis Select Financial ETF 15.6 64 4 8.4 +2.5
ADRE Invesco BLDRS Emerging Markets 50 ADR Index Fund 15.4 18 50 5.4 -0.5
KALL KraneShares FTSE Emerging Markets Plus ETF 14.7 49 19 8.2 +2.3
AAXJ iShares MSCI All Country Asia ex Japan ETF 14.3 68 0 7.1 +1.2
FLAX Franklin FTSE Asia Ex Japan ETF 14.1 19 49 7.7 +1.8
BKF iShares MSCI BRIC ETF 14.1 69 -1 7.6 +1.6
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 13.9 32 36 5.9 -0.0
CN Xtrackers MSCI All China Equity ETF 13.6 50 18 8.2 +2.3
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 13.2 30 38 7.8 +1.9
EBIZ Global X E-Commerce ETF 13.2 50 18 2.8 -3.1
SCHE Schwab Emerging Markets Equity ETF 13.0 11 57 8.0 +2.1
PBEE Invesco PureBeta FTSE Emerging Markets ETF 13.0 15 53 8.7 +2.8
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 12.6 20 48 6.8 +0.9
VWO Vanguard FTSE Emerging Markets ETF 12.4 10 58 8.1 +2.1
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 12.4 65 3 7.5 +1.6
EEM iShares MSCI Emerging Markets ETF 12.4 68 0 7.4 +1.5
GMF SPDR S&P Emerging Asia Pacific ETF 12.3 49 19 7.4 +1.5
PNQI Invesco NASDAQ Internet ETF 12.2 60 8 1.1 -4.9
ESGE iShares ESG MSCI EM ETF 12.2 25 43 8.7 +2.7
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 12.1 36 32 7.4 +1.4
NUEM Nuveen ESG Emerging Markets Equity ETF 12.0 45 23 6.9 +1.0
CQQQ Invesco China Technology ETF 11.8 70 -2 4.0 -1.9
EEMA iShares MSCI Emerging Markets Asia ETF 11.8 50 18 7.6 +1.7
EEMO Invesco S&P Emerging Markets Momentum ETF 11.8 29 39 6.4 +0.5
ISEM Invesco Strategic Emerging Markets ETF 11.7 35 33 10.7 +4.7
IEMG iShares Core MSCI Emerging Markets ETF 11.7 13 55 7.9 +2.0
SPEM SPDR Portfolio Emerging Markets ETF 11.6 11 57 8.0 +2.1
OGIG O'Shares Global Internet Giants ETF 11.3 48 20 0.8 -5.1
AIA iShares Asia 50 ETF 11.1 50 18 8.0 +2.1
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 11.0 60 8 4.4 -1.5
GBUY Goldman Sachs Motif New Age Consumer ETF 10.9 50 18 1.8 -4.1
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 10.6 45 23 7.5 +1.6
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 10.2 95 -27 8.0 +2.1
DVEM WisdomTree Emerging Markets Dividend Fund 10.0 32 36 7.3 +1.4
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 9.6 40 28 7.3 +1.4
BUYZ Franklin Disruptive Commerce ETF 9.4 50 18 -0.1 -6.0
GIGE SoFi Gig Economy ETF 9.3 59 9 -0.7 -6.6
WUGI Esoterica NextG Economy ETF 9.0 75 -7 1.6 -4.3
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 9.0 16 52 6.8 +0.9
XBUY Amplify International Online Retail ETF 8.6 69 -1 -0.5 -6.4
EDUT Global X Education ETF 8.6 50 18 1.2 -4.7
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 8.5 49 19 7.9 +1.9
FPXI First Trust International Equity Opportunities ETF 7.9 70 -2 3.3 -2.6
XNTK SPDR NYSE Technology ETF 7.7 35 33 4.1 -1.8
ARKF ARK Fintech Innovation ETF 7.5 75 -7 0.7 -5.2
VSGX Vanguard ESG International Stock ETF 7.4 17 51 7.0 +1.1
AIQ Global X Future Analytics Tech ETF 7.4 68 0 4.2 -1.7
EMMF WisdomTree Emerging Markets Multifactor Fund 7.3 48 20 9.6 +3.7
FXI iShares China Large-Cap ETF 7.3 74 -6 13.7 +7.8
IPOS Renaissance International IPO ETF 7.3 80 -12 4.6 -1.3
JHEM John Hancock Multifactor Emerging Markets ETF 7.3 49 19 8.6 +2.7
GOAT VanEck Vectors Morningstar Global Wide Moat ETF 7.1 56 12 5.9 -0.1
AVEM Avantis Emerging Markets Equity ETF 6.8 33 35 8.9 +3.0
FLFR Franklin FTSE France ETF 6.8 9 59 6.5 +0.6
MOTI VanEck Vectors Morningstar International Moat ETF 6.7 57 11 8.3 +2.4
EWQ iShares MSCI France ETF 6.7 50 18 6.1 +0.2
CWI SPDR MSCI ACWI ex-US ETF 6.7 30 38 7.1 +1.2
EPP iShares MSCI Pacific ex-Japan ETF 6.6 48 20 6.6 +0.7
BBAX JPMorgan BetaBuilders Developed Asia ex-Japan ETF 6.5 19 49 6.9 +1.0
ACWX iShares MSCI ACWI ex U.S. ETF 6.5 32 36 7.2 +1.3
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 6.4 40 28 7.0 +1.0
GENY Principal Millennials Index ETF 6.4 45 23 4.2 -1.7
FDEM Fidelity Targeted Emerging Markets Factor ETF 6.3 45 23 8.6 +2.7
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 6.2 45 23 9.0 +3.1
VEU Vanguard FTSE All-World ex-US Index Fund 6.1 8 60 7.5 +1.6
BICK First Trust BICK Index Fund 5.9 64 4 4.4 -1.5
PEK VanEck Vectors ChinaAMC CSI 300 ETF 5.9 60 8 7.2 +1.3
BKEM BNY Mellon Emerging Markets Equity ETF 5.7 11 57 8.4 +2.5
VIGI Vanguard International Dividend Appreciation ETF 5.7 20 48 5.5 -0.5
IXUS ishares Core MSCI Total International Stock ETF 5.7 9 59 7.3 +1.4
PIE Invesco DWA Emerging Markets Momentum ETF 5.5 90 -22 5.0 -0.9
LEGR First Trust Index Digital Transaction & Process Technology E 5.4 65 3 7.0 +1.1
VXUS Vanguard Total International Stock Index Fund 5.4 8 60 7.4 +1.5
BLOK Amplify Transformational Data Sharing ETF 5.3 70 -2 4.4 -1.5
PXH Invesco FTSE RAFI Emerging Markets ETF 5.2 50 18 13.6 +7.7
TTAI TrimTabs All Cap International Free-Cash-Flow ETF 5.1 61 7 4.8 -1.1
CHIC Global X Nasdaq China Technology ETF 5.0 66 2 4.1 -1.8
GMAN Goldman Sachs Motif Manufacturing Revolution ETF 5.0 50 18 3.6 -2.3
RFDI First Trust Riverfront Dynamic Developed International ETF 4.9 83 -15 5.6 -0.4
FLHK Franklin FTSE Hong Kong ETF 4.9 9 59 7.9 +2.0
EWH iShares MSCI Hong Kong ETF 4.9 49 19 6.8 +0.9
ZHOK SPDR Solactive Hong Kong ETF 4.9 14 54 6.7 +0.8
SKYY First Trust Cloud Computing ETF 4.8 60 8 2.3 -3.6
JOYY Infusive Compounding Global Equities ETF 4.8 50 18 6.1 +0.2

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

  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

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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 11.9 %
Divided by: Fwd. P/BV 1.8 x
Less: Expense ratio 68 bp
Equals: ALTAR Score 5.9 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.39 CATEGORY
AVERAGE		 1.59
 
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.