Davis Select U.S. Equity
ALTAR
Score™
5.0% info Recommen-
dation
UNDERWEIGHT
2019E    2020E
P/E
ratio
18.1x P/Sales
ratio
2.3x
P/BV
ratio
2.1x Div.
yield
1.3%


  • 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) $212
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) $335,182
Large cap (>$10bn) 96.7%
Mid cap ($2-10bn) 3.3%
Small cap (<$2bn) 0.0%
Developed mkts 90.1%
Emerging mkts 9.9%

TOP TEN HOLDINGS
ALPHABET INC. CLASS C 10.3 %
BERKSHIRE HATHAWAY INC-CL B 10.1 %
AMAZON.COM INC 8.8 %
UNITED TECHNOLOGIES CORP 7.3 %
CAPITAL ONE FINANCIAL CORP 6.8 %
NEW ORIENTAL EDUCATIO-SP ADR 6.4 %
WELLS FARGO & CO 5.0 %
JPMORGAN CHASE & CO 4.5 %
US BANCORP 4.4 %
AMERICAN EXPRESS CO 4.2 %
Total 67.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 79.7 %
CHINA 8.6 %
BRITAIN 3.4 %
HONG KONG 2.3 %
SINGAPORE 1.4 %
SOUTH AFRICA 1.1 %
CANADA 0.5 %
IRELAND 0.4 %



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.
27.4% 14.6% -- -- 10.2%

Market Correlations
versus... Beta R-squared
S&P500 1.18 90%
MSCI EAFE 1.18 71%
MSCI Emg. Mkts. 0.84 57%

Technical Indicators
Recent close $25.19
30d moving avg. $25.13
Annualized volatility 15.5%
Short interest (ETF) 0.0%
Relative strength (RSI) 61

Liquidity measures
Avg. volume (thou.) 6
Turnover 0.1%
Bid/Ask (% of price) 0.26%
ADV underlying (mns) $21,535

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the Davis Select U.S. Equity 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™: 5.0%


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 56.1 64 -1 6.1 +1.1
DFNL Davis Select Financial 45.5 64 -1 6.7 +1.7
XLF Financials Select Sector SPDR 28.1 13 50 7.0 +2.0
RWW Invesco S&P Financials Revenue 27.9 45 18 7.3 +2.3
TMFC Motley Fool 100 Index 25.0 50 13 4.3 -0.7
VFH Vanguard Financials 24.2 10 53 7.3 +2.3
FNCL Fidelity MSCI Financials 24.2 8 55 7.3 +2.3
XLG Invesco S&P Top 50 23.8 20 43 5.2 +0.2
PNQI Invesco Nasdaq Internet 22.5 62 1 2.8 -2.2
KBWB Invesco KBW Bank Portfolio 22.4 35 28 7.6 +2.6
TTTN TigerShares China-U.S. Internet Titans 22.2 59 4 3.9 -1.1
IYF iShares DJ US Financials 21.5 42 21 6.1 +1.1
OEF iShares S&P 100 20.9 20 43 5.5 +0.5
IEFN iShares Evolved U.S. Financials 20.7 18 45 7.3 +2.3
IXG iShares S&P Global Financial Sector 20.7 46 17 8.3 +3.2
QYLD Global X NASDAQ 100 Covered Call ETF 19.2 60 3 4.8 -0.2
QQQ Invesco QQQ 19.1 20 43 5.2 +0.2
IYG iShares DJ US Financial Services 18.3 42 21 6.4 +1.4
JHMF John Hancock Multifactor Financials 18.2 40 23 6.6 +1.6
NACP Impact Shares NAACP Minority Empowerment 18.0 75 -12 5.6 +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

Content on this tab for subscribers only

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 U.S. Equity
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 11.0 %
Divided by: Fwd. P/BV 2.0 x
Less: Expense ratio 63 bp
Equals: ALTAR Score 5.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.45 CATEGORY
AVERAGE
1.56
 
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.