Davis Select International ETF
ALTAR
Score™		 5.9% info Recommen-
dation		 UNDERWEIGHT
2020E    2021E
P/E
ratio		 28.8x P/Sales
ratio		 2.4x
P/BV
ratio		 2.1x Div.
yield		 1.8%


  • 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) $268
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) $92,052
Large cap (>$10bn) 87.4%
Mid cap ($2-10bn) 2.5%
Small cap (<$2bn) 10.1%
Developed mkts 63.0%
Emerging mkts 37.0%

TOP TEN HOLDINGS
NEW ORIENTAL EDUCATIO-SP ADR 8.1 %
MEITUAN DIANPING 6.9 %
ALIBABA GROUP HOLDING LTD. SPONSOR 5.9 %
DBS GROUP HOLDINGS LTD 5.1 %
DNB NOR ASA 5.0 %
DANSKE BANK A/S 4.8 %
JULIUS BAER GROUP LTD 4.8 %
AIA GROUP LTD 4.6 %
BANK OF N.T. BUTTERFIELD & SON LIM 4.5 %
JD.COM INC-ADR 4.3 %
Total 54.2 %

TOP COUNTRY EXPOSURE
CHINA 31.5 %
SWITZERLAND 7.8 %
SINGAPORE 5.1 %
NORWAY 5.0 %
DENMARK 4.9 %
HONG KONG 4.6 %
BERMUDA 4.5 %
BRITAIN 4.3 %
FRANCE 4.3 %
SOUTH AFRICA 3.6 %

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.
18.7% 26.3% -- -- 6.6%

Market Correlations
versus... Beta R-squared
S&P500 0.99 77%
MSCI EAFE 1.00 77%
MSCI Emg. Mkts. 0.93 81%

Technical Indicators
Recent close $22.68
30d moving avg. $22.09
Annualized volatility 21.9%
Short interest (ETF) 0.3%
Relative strength (RSI) 61

Liquidity measures
Avg. volume (thou.) 24
Turnover 0.2%
Bid/Ask (% of price) 0.45%
ADV underlying (mns) $13,592

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 97 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 48.7 63 5 5.9 -0.1
EWEB Global X Emerging Markets Internet & E-commerce ETF 27.3 65 3 3.2 -2.8
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 23.4 86 -18 2.8 -3.2
FDNI First Trust Dow Jones International Internet ETF 23.0 65 3 2.5 -3.5
CHIQ Global X China Consumer ETF 22.5 65 3 6.1 +0.2
KWEB KraneShares CSI China Internet ETF 20.6 76 -8 3.1 -2.9
CHIL Global X MSCI China Large-Cap 50 ETF 20.1 29 39 7.9 +2.0
ECON Columbia Emerging Markets Consumer ETF 18.5 59 9 5.4 -0.5
PGJ Invesco Golden Dragon China ETF 18.1 70 -2 4.9 -1.0
EEMO Invesco S&P Emerging Markets Momentum ETF 16.9 29 39 4.2 -1.7
DFNL Davis Select Financial ETF 16.9 64 4 7.3 +1.3
TTTN UP Fintech China-U.S. Internet Titans ETF 16.5 59 9 4.8 -1.1
MCHI iShares MSCI China ETF 15.9 59 9 7.8 +1.9
FLCH Franklin FTSE China ETF 15.8 19 49 8.3 +2.3
GXC SPDR S&P China ETF 15.4 59 9 7.7 +1.8
DUSA Davis Select U.S. Equity ETF 14.9 63 5 5.6 -0.4
FNI First Trust Chindia ETF 14.4 60 8 3.2 -2.8
ADRE Invesco BLDRS Emerging Markets 50 ADR Index Fund 14.0 18 50 5.0 -0.9
KALL KraneShares FTSE Emerging Markets Plus ETF 13.8 49 19 7.8 +1.9
AAXJ iShares MSCI All Country Asia ex Japan ETF 13.5 68 0 6.7 +0.8
KESG KraneShares MSCI China ESG Leaders Index ETF 13.5 59 9 10.2 +4.3
BKF iShares MSCI BRIC ETF 13.4 69 -1 7.3 +1.4
FLAX Franklin FTSE Asia Ex Japan ETF 13.3 19 49 7.3 +1.4
CN Xtrackers MSCI All China Equity ETF 12.9 50 18 7.8 +1.9
AIA iShares Asia 50 ETF 12.5 50 18 7.4 +1.4
LDEM iShares ESG MSCI EM Leaders ETF 12.3 16 52 7.5 +1.6
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 12.3 30 38 7.3 +1.3
CXSE WisdomTree China ex-State-Owned Enterprises Fund 12.3 32 36 6.4 +0.5
PBEE Invesco PureBeta FTSE Emerging Markets ETF 12.2 15 53 8.2 +2.3
SCHE Schwab Emerging Markets Equity ETF 12.2 11 57 7.6 +1.6
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 12.0 20 48 6.4 +0.5
GMF SPDR S&P Emerging Asia Pacific ETF 11.8 49 19 6.9 +0.9
SPEM SPDR Portfolio Emerging Markets ETF 11.6 11 57 7.4 +1.4
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 11.6 65 3 6.9 +0.9
EEM iShares MSCI Emerging Markets ETF 11.6 68 0 7.0 +1.1
VWO Vanguard FTSE Emerging Markets ETF 11.5 10 58 7.7 +1.8
ESGE iShares ESG Aware MSCI EM ETF 11.5 25 43 8.1 +2.2
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 11.3 60 8 4.7 -1.2
NUEM Nuveen ESG Emerging Markets Equity ETF 11.3 45 23 6.4 +0.4
EEMA iShares MSCI Emerging Markets Asia ETF 11.3 50 18 7.3 +1.4
PNQI Invesco NASDAQ Internet ETF 11.2 60 8 1.2 -4.8
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 11.2 36 32 7.7 +1.8
IEMG iShares Core MSCI Emerging Markets ETF 11.0 13 55 7.5 +1.6
ISEM Invesco Strategic Emerging Markets ETF 10.9 35 33 10.3 +4.3
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 10.1 45 23 7.1 +1.2
RFEM First Trust Riverfront Dynamic Emerging Markets ETF 10.0 95 -27 8.3 +2.4
JIG JPMorgan International Growth ETF 9.7 55 13 2.7 -3.2
OGIG O'Shares Global Internet Giants ETF 9.6 48 20 0.7 -5.2
PEK VanEck Vectors ChinaAMC CSI 300 ETF 9.3 60 8 4.8 -1.1
WUGI Esoterica NextG Economy ETF 9.2 75 -7 1.3 -4.6
EBIZ Global X E-Commerce ETF 9.0 50 18 2.9 -3.1
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 8.9 16 52 6.4 +0.4
QLVE FlexShares Emerging Markets Quality Low Volatility Index Fun 8.9 40 28 6.9 +0.9
DVEM WisdomTree Emerging Markets Dividend Fund 8.9 32 36 7.1 +1.2
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 8.6 49 19 8.8 +2.8
BUYZ Franklin Disruptive Commerce ETF 8.5 50 18 -0.3 -6.2
EDUT Global X Education ETF 8.2 50 18 1.1 -4.8
GIGE SoFi Gig Economy ETF 8.2 59 9 -0.5 -6.4
CQQQ Invesco China Technology ETF 8.1 70 -2 5.8 -0.1
VSGX Vanguard ESG International Stock ETF 8.0 17 51 6.7 +0.7
JHEM John Hancock Multifactor Emerging Markets ETF 7.9 49 19 8.3 +2.4
MOTI VanEck Vectors Morningstar International Moat ETF 7.5 57 11 9.2 +3.2
XNTK SPDR NYSE Technology ETF 7.5 35 33 3.2 -2.7
AIQ Global X Future Analytics Tech ETF 7.4 68 0 3.8 -2.1
ARKF ARK Fintech Innovation ETF 7.4 75 -7 0.4 -5.6
FXI iShares China Large-Cap ETF 7.3 74 -6 13.3 +7.3
IPOS Renaissance International IPO ETF 7.3 80 -12 3.3 -2.6
AVEM Avantis Emerging Markets Equity ETF 6.9 33 35 8.3 +2.4
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 6.7 32 36 5.8 -0.1
EPP iShares MSCI Pacific ex-Japan ETF 6.6 48 20 5.9 -0.1
EMMF WisdomTree Emerging Markets Multifactor Fund 6.6 48 20 9.5 +3.6
BBAX JPMorgan BetaBuilders Developed Asia ex-Japan ETF 6.6 19 49 6.3 +0.3
CWI SPDR MSCI ACWI ex-US ETF 6.5 30 38 6.7 +0.7
BKEM BNY Mellon Emerging Markets Equity ETF 6.5 11 57 8.0 +2.0
ACWX iShares MSCI ACWI ex U.S. ETF 6.3 32 36 6.8 +0.8
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 6.3 40 28 6.5 +0.6
GENY Principal Millennials Index ETF 6.1 45 23 3.8 -2.2
FDEM Fidelity Targeted Emerging Markets Factor ETF 5.9 45 23 8.3 +2.3
EMGF iShares Edge MSCI Multifactor Emerging Markets ETF 5.9 45 23 8.8 +2.9
VEU Vanguard FTSE All-World ex-US Index Fund 5.9 8 60 7.0 +1.1
VIGI Vanguard International Dividend Appreciation ETF 5.6 20 48 5.3 -0.7
IQLT iShares Edge MSCI Intl Quality Factor ETF 5.5 30 38 5.7 -0.3
IXUS ishares Core MSCI Total International Stock ETF 5.5 9 59 6.9 +0.9
XBUY Amplify International Online Retail ETF 5.5 69 -1 0.6 -5.3
BICK First Trust BICK Index Fund 5.4 64 4 4.4 -1.5
FPXI First Trust International Equity Opportunities ETF 5.3 70 -2 3.4 -2.5
ASEA Global X Southeast Asia ETF 5.2 65 3 9.5 +3.6
EWS iShares MSCI Singapore ETF 5.2 50 18 7.9 +1.9
PXH Invesco FTSE RAFI Emerging Markets ETF 5.1 50 18 12.7 +6.7
NORW Global X MSCI Norway ETF 5.0 50 18 8.6 +2.7
ENOR iShares MSCI Norway Capped ETF 5.0 53 15 8.1 +2.2
EEMV iShares Edge MSCI Min Vol Emerging Markets ETF 4.8 25 43 7.7 +1.7
IQSI IQ Candriam ESG International Equity ETF 4.7 15 53 6.6 +0.7
FLHK Franklin FTSE Hong Kong ETF 4.7 9 59 7.5 +1.5
EWH iShares MSCI Hong Kong ETF 4.7 49 19 6.4 +0.4
ZHOK SPDR Solactive Hong Kong ETF 4.7 14 54 6.3 +0.4
GOAT VanEck Vectors Morningstar Global Wide Moat ETF 4.7 56 12 6.3 +0.3

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 13.1 %
Divided by: Fwd. P/BV 2.0 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		 1.36 CATEGORY
AVERAGE		 1.54
 
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.