Davis Select U.S. Equity ETF
ALTAR
Score™
5.8% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
27.7x P/Sales
ratio
2.2x
P/BV
ratio
1.7x Div.
yield
1.5%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Davis Select U.S. Equity ETF is an actively managed portfolio of US large-cap stocks. The fund seeks long-term capital growth and capital preservation.

FUND BASICS
Category US Equities
Fund Sponsor Davis
Website davisetfs.com
Inception date Jan 11, 2017
Assets (mns) $248
Currency USD
Expense ratio 63 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 24
Wgt avg mkt cap (mns) $416,464
Large cap (>$10bn) 99.9%
Mid cap ($2-10bn) 0.0%
Small cap (<$2bn) 0.2%
Developed mkts 91.3%
Emerging mkts 8.7%

TOP TEN HOLDINGS
AMAZON.COM INC 12.8 %
ALPHABET INC. CLASS C 11.8 %
BERKSHIRE HATHAWAY INC-CL B 7.5 %
CAPITAL ONE FINANCIAL CORP 5.4 %
CARRIER GLOBAL CORP. 5.1 %
FACEBOOK 4.8 %
NEW ORIENTAL EDUCATIO-SP ADR 4.3 %
US BANCORP 4.3 %
RAYTHEON TECHNOLOGIES CORPORATION 4.0 %
AMERICAN EXPRESS CO 3.6 %
Total 63.6 %

TOP COUNTRY EXPOSURE
UNITED STATES 76.6 %
CHINA 7.0 %
BRITAIN 2.6 %
HONG KONG 2.3 %
SOUTH AFRICA 1.5 %
SINGAPORE 1.3 %
IRELAND 0.1 %




HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru June 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-10.0% 0.5% -- -- 5.8%

Market Correlations
versus... Beta R-squared
S&P500 1.20 93%
MSCI EAFE 1.23 84%
MSCI Emg. Mkts. 0.91 73%

Technical Indicators
Recent close $23.41
30d moving avg. $23.40
Annualized volatility 21.1%
Short interest (ETF) 0.2%
Relative strength (RSI) 58

Liquidity measures
Avg. volume (thou.) 19
Turnover 0.2%
Bid/Ask (% of price) 0.28%
ADV underlying (mns) $40,121

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Davis Select U.S. Equity ETF ETF based on the alternatives' overlap in portfolio holdings with DUSA. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: DUSA Expense: 63 bp ALTAR Score™: 5.8%


ALTERNATIVE ETFs BASED ON OVERLAP WITH DUSA
Ticker Fund
Name
Overlap1
vs DUSA
(%)
Expense
ratio
(bp)
Savings
vs DUSA
(bp)
ALTAR
Score™
(%)
ALTAR
vs DUSA
(%)
DWLD Davis Select Worldwide ETF 54.1 63 0 6.7 +0.9
DFNL Davis Select Financial ETF 38.7 64 -1 8.7 +2.8
TMFC Motley Fool 100 Index ETF 25.6 50 13 3.8 -2.0
TTTN UP Fintech China-U.S. Internet Titans ETF 23.0 59 4 4.4 -1.5
PNQI Invesco NASDAQ Internet ETF 23.0 62 1 1.1 -4.7
XLF Financial Select Sector SPDR Fund 22.9 13 50 8.5 +2.7
XLG Invesco S&P 500 Top 50 ETF 22.7 20 43 4.6 -1.3
VFH Vanguard Financials Index Fund 22.0 10 53 9.0 +3.2
FNCL Fidelity MSCI Financials Index ETF 21.8 8 55 9.0 +3.2
QYLD Global X NASDAQ 100 Covered Call ETF 21.4 60 3 3.5 -2.3
NUSI Nationwide Risk-Managed Income ETF 21.4 68 -5 3.5 -2.4
QQQ Invesco QQQ Trust 20.9 20 43 3.9 -1.9
OEF iShares S&P 100 ETF 20.8 20 43 4.9 -1.0
JOYY Infusive Compounding Global Equities ETF 20.2 50 13 3.9 -2.0
IGM iShares Expanded Tech Sector ETF 20.1 46 17 3.8 -2.0
KBWB Invesco KBW Bank ETF 19.8 35 28 10.5 +4.7
ESG FlexShares STOXX US ESG Impact Index Fund 19.6 32 31 5.1 -0.7
MOAT VanEck Vectors Morningstar Wide Moat ETF 19.3 49 14 6.4 +0.6
IXG iShares Global Financials ETF 19.2 46 17 10.2 +4.4
IYF iShares U.S. Financials ETF 18.7 42 21 7.2 +1.4
FDN First Trust Dow Jones Internet Index Fund 18.7 52 11 2.2 -3.6
IETC iShares Evolved U.S. Technology ETF 18.6 18 45 3.9 -2.0
IEFN iShares Evolved U.S. Financials ETF 18.4 18 45 9.5 +3.7
LRGE ClearBridge Large Cap Growth ESG ETF 18.3 59 4 3.9 -2.0
NACP Impact Shares NAACP Minority Empowerment ETF 18.1 75 -12 4.6 -1.2
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 17.9 21 42 3.0 -2.9
SPXT ProShares S&P 500 Ex-Technology ETF 17.8 27 36 5.7 -0.1
IWL iShares Russell Top 200 ETF 17.1 15 48 5.1 -0.7
MGK Vanguard Mega Cap Growth ETF 17.1 7 56 4.2 -1.6
BVAL Brand Value ETF 16.9 65 -2 6.2 +0.4
VOOG Vanguard S&P 500 Growth ETF 16.8 10 53 4.3 -1.5
SPYG SPDR Portfolio S&P 500 Growth ETF 16.7 4 59 4.4 -1.4
IVW iShares S&P 500 Growth ETF 16.7 18 45 4.2 -1.6
IWY iShares Russell Top 200 Growth ETF 16.6 20 43 4.2 -1.7
SPXV ProShares S&P 500 Ex-Health Care ETF 16.6 27 36 5.1 -0.8
FDG American Century Focused Dynamic Growth ETF 16.4 45 18 1.8 -4.0
IOO iShares Global 100 ETF 16.4 40 23 4.8 -1.0
BKLC BNY Mellon US Large Cap Core Equity ETF 16.3 0 63 5.3 -0.5
ADME Aptus Drawdown Managed Equity ETF 16.3 81 -18 3.6 -2.2
XLC The Communication Services Select Sector SPDR Fund 16.2 13 50 5.9 +0.0
FCOM Fidelity MSCI Telecommunication Services Index ETF 16.1 8 55 5.0 -0.8
IWX iShares Russell Top 200 Value ETF 16.0 20 43 7.3 +1.4
VOX Vanguard Telecommunication Services Index Fund 16.0 10 53 4.9 -0.9
ENTR Entrepreneur 30 Fund 16.0 49 14 2.6 -3.3
MGC Vanguard Mega Cap Index Fund 16.0 7 56 5.3 -0.5
IUSG iShares Core S&P US Growth ETF 15.8 4 59 4.4 -1.4
JHMF John Hancock Multifactor Financials ETF 15.8 40 23 7.9 +2.1
SNPE Xtrackers S&P 500 ESG ETF 15.6 11 52 5.2 -0.6
SCHG Schwab U.S. Large-Cap Growth ETF 15.5 4 59 4.2 -1.7
ONLN ProShares Online Retail ETF 15.4 58 5 1.5 -4.4
IYG iShares US Financial Services ETF 15.3 42 21 7.0 +1.2
IXP iShares Global Comm Services ETF 15.2 46 17 5.8 -0.1
HIPR Direxion High Growth ETF 14.9 40 23 2.9 -2.9
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 14.9 20 43 5.0 -0.8
SYG SPDR MFS Systematic Growth Equity ETF 14.8 60 3 4.3 -1.5
FLV American Century Focused Large Cap Value ETF 14.8 42 21 6.8 +1.0
SFY SoFi Select 500 ETF 14.6 0 63 5.3 -0.5
SPXE ProShares S&P 500 Ex-Energy ETF 14.6 27 36 5.4 -0.4
DINT Davis Select International ETF 14.5 68 -5 6.0 +0.2
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 14.5 20 43 5.4 -0.4
PBP Invesco S&P 500 BuyWrite ETF 14.4 49 14 5.0 -0.8
VUG Vanguard Growth Index Fund 14.3 4 59 4.1 -1.7
CACG ClearBridge All Cap Growth ETF 14.3 54 9 4.4 -1.4
SPY SPDR S&P 500 ETF Trust 14.2 9 54 5.4 -0.4
FMK First Trust Mega Cap AlphaDEX Fund 14.2 70 -7 5.3 -0.5
SPLG SPDR Portfolio Large Cap ETF 14.2 3 60 5.5 -0.3
IVV iShares Core S&P 500 ETF 14.2 4 59 5.5 -0.4
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 14.1 15 48 6.3 +0.5
VOO VANGUARD S&P 500 ETF 14.1 3 60 5.5 -0.3
CATH Global X S&P 500 Catholic Values Custom ETF 14.1 29 34 5.3 -0.5
HSPX Global X S&P 500 Covered Call ETF 14.0 65 -2 4.9 -0.9
MGV Vanguard Mega Cap Value ETF 14.0 7 56 7.4 +1.6
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 13.8 12 51 4.9 -1.0
VV Vanguard Large-Cap Index Fund 13.7 4 59 5.3 -0.5
BBUS JP Morgan Betabuilders U.S. Equity ETF 13.6 2 61 5.4 -0.4
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 13.4 7 56 5.3 -0.5
FVAL Fidelity Value Factor ETF 13.3 29 34 8.1 +2.3
IWF iShares Russell 1000 Growth ETF 13.3 19 44 4.2 -1.6
ESGG FlexShares STOXX Global ESG Impact Index Fund 13.3 42 21 5.5 -0.3
ESGU iShares MSCI USA ESG Optimized ETF 13.3 15 48 5.2 -0.6
VONG Vanguard Russell 1000 Growth Index Fund 13.2 8 55 4.3 -1.5
VLU SPDR S&P 1500 Value Tilt ETF 13.1 12 51 7.6 +1.8
SCHX Schwab U.S. Large-Cap ETF 13.1 3 60 5.4 -0.5
PBUS Invesco PureBeta MSCI USA ETF 13.1 4 59 5.3 -0.5
SPTM SPDR Portfolio Total Stock Market ETF 13.1 3 60 5.6 -0.2
XNTK SPDR NYSE Technology ETF 13.0 35 28 3.7 -2.1
VCR Vanguard Consumer Discretionary Index Fund 12.9 10 53 4.1 -1.8
IWB iShares Russell 1000 ETF 12.9 15 48 5.3 -0.6
FDIS Fidelity MSCI Consumer Discretionary Index ETF 12.9 8 55 3.6 -2.3
VONE Vanguard Russell 1000 ETF 12.9 8 55 5.3 -0.5
RTH VanEck Vectors Retail ETF 12.8 35 28 5.1 -0.7
XLY Consumer Discretionary Select Sector SPDR Fund 12.8 13 50 4.2 -1.7
IEDI iShares Evolved U.S. Discretionary Spending ETF 12.8 18 45 3.7 -2.1
VTV Vanguard Value Index Fund 12.7 4 59 7.5 +1.7
SCHK Schwab 1000 Index ETF 12.7 5 58 5.3 -0.5
ACIO Aptus Collared Income Opportunity ETF 12.7 79 -16 4.4 -1.5
OGIG O'Shares Global Internet Giants ETF 12.7 48 15 0.7 -5.1
TTAC TrimTabs All Cap U.S. Free-Cash-Flow ETF 12.6 59 4 3.7 -2.2
IYY iShares Dow Jones U.S. ETF 12.6 20 43 5.2 -0.6
EPS WisdomTree U.S. Earnings 500 Fund 12.5 8 55 6.6 +0.7

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 U.S. Equity ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 10.5 %
Divided by: Fwd. P/BV 1.6 x
Less: Expense ratio 63 bp
Equals: ALTAR Score 5.8 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.41 CATEGORY
AVERAGE
1.52
 
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.