Davis Select Worldwide ETF
ALTAR
Score™		 6.7% info Recommen-
dation		 OVERWEIGHT
2020E    2021E
P/E
ratio		 26.2x P/Sales
ratio		 2.1x
P/BV
ratio		 1.6x Div.
yield		 1.3%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Davis Select Worldwide ETF is an actively managed portfolio of global equity. The fund seeks long-term growth of capital.

FUND BASICS
Category Global Equities
Fund Sponsor Davis
Website davisetfs.com
Inception date Jan 11, 2017
Assets (mns) $276
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 30
Wgt avg mkt cap (mns) $267,827
Large cap (>$10bn) 86.9%
Mid cap ($2-10bn) 5.9%
Small cap (<$2bn) 5.7%
Developed mkts 73.0%
Emerging mkts 27.0%

TOP TEN HOLDINGS
NEW ORIENTAL EDUCATIO-SP ADR 7.7 %
ALIBABA GROUP HOLDING LTD. SPONSOR 6.3 %
ALPHABET INC. CLASS C 6.2 %
CAPITAL ONE FINANCIAL CORP 5.2 %
JD.COM INC-ADR 5.0 %
WELLS FARGO & CO 4.8 %
FACEBOOK 4.6 %
BERKSHIRE HATHAWAY INC-CL B 4.5 %
APPLIED MATERIALS INC 4.3 %
AMAZON.COM INC 4.2 %
Total 52.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 45.2 %
CHINA 26.6 %
SOUTH AFRICA 4.1 %
HONG KONG 4.0 %
BRITAIN 3.7 %
SINGAPORE 3.7 %
NORWAY 3.0 %
DENMARK 2.5 %
SWITZERLAND 1.8 %
BERMUDA 1.3 %

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.
6.8% 21.2% -- -- 10.3%

Market Correlations
versus... Beta R-squared
S&P500 1.20 87%
MSCI EAFE 1.30 86%
MSCI Emg. Mkts. 0.99 78%

Technical Indicators
Recent close $25.56
30d moving avg. $26.07
Annualized volatility 22.6%
Short interest (ETF) 0.1%
Relative strength (RSI) 46

Liquidity measures
Avg. volume (thou.) 17
Turnover 0.2%
Bid/Ask (% of price) 0.34%
ADV underlying (mns) $2,983

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 potential alternatives to the Davis Select Worldwide ETF ETF based on the alternatives' overlap in portfolio holdings with DWLD. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: DWLD Expense: 63 bp ALTAR Score™: 6.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH DWLD
Ticker Fund
Name		 Overlap1
vs DWLD
(%)		 Expense
ratio
(bp)		 Savings
vs DWLD
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs DWLD
(%)
DUSA Davis Select U.S. Equity ETF 57.3 63 0 6.1 -0.5
DINT Davis Select International ETF 49.6 68 -5 6.1 -0.6
TTTN UP Fintech China-U.S. Internet Titans ETF 29.5 59 4 4.3 -2.4
DFNL Davis Select Financial ETF 28.1 64 -1 8.7 +2.0
PNQI Invesco NASDAQ Internet ETF 24.9 60 3 1.0 -5.7
FDNI First Trust Dow Jones International Internet ETF 19.6 65 -2 2.2 -4.5
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 19.6 86 -23 2.3 -4.4
CHIQ Global X China Consumer ETF 19.4 65 -2 7.4 +0.8
TMFC Motley Fool 100 Index ETF 18.4 50 13 5.1 -1.5
OGIG O'Shares Global Internet Giants ETF 17.8 48 15 0.8 -5.9
XNTK SPDR NYSE Technology ETF 16.9 35 28 4.0 -2.7
ECON Columbia Emerging Markets Consumer ETF 16.9 59 4 4.6 -2.0
WUGI Esoterica NextG Economy ETF 16.7 75 -12 1.6 -5.1
CHIL Global X MSCI China Large-Cap 50 ETF 16.6 29 34 8.0 +1.3
PGJ Invesco Golden Dragon China ETF 16.5 70 -7 3.3 -3.3
HIPR Direxion High Growth ETF 16.3 40 23 6.8 +0.1
CXSE WisdomTree China ex-State-Owned Enterprises Fund 15.7 32 31 6.1 -0.6
GBUY Goldman Sachs Motif New Age Consumer ETF 15.7 50 13 1.8 -4.9
QYLD Global X NASDAQ 100 Covered Call ETF 15.6 60 3 5.4 -1.2
KWEB KraneShares CSI China Internet ETF 15.5 76 -13 2.0 -4.7
IGM iShares Expanded Tech Sector ETF 15.5 46 17 5.2 -1.4
NUSI Nationwide Risk-Managed Income ETF 15.3 68 -5 5.5 -1.2
AIQ Global X Future Analytics Tech ETF 15.3 68 -5 4.1 -2.6
XLG Invesco S&P 500 Top 50 ETF 15.2 20 43 5.8 -0.9
QYLG Global X Nasdaq 100 Covered Call & Growth ETF 15.1 60 3 5.3 -1.3
QQQ Invesco QQQ Trust 15.0 20 43 5.7 -1.0
OEF iShares S&P 100 ETF 14.5 20 43 5.8 -0.9
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 14.4 19 44 6.7 0.0
GDAT Goldman Sachs Motif Data-Driven World Etf 14.1 50 13 5.2 -1.5
GBGR Global Beta Momentum-Growth ETF 14.0 29 34 4.3 -2.4
ESG FlexShares STOXX US ESG Impact Index Fund 14.0 32 31 5.6 -1.0
BUYZ Franklin Disruptive Commerce ETF 13.9 50 13 -0.2 -6.8
SYE SPDR MFS Systematic Core Equity ETF 13.9 60 3 6.5 -0.1
SYG SPDR MFS Systematic Growth Equity ETF 13.9 60 3 5.3 -1.4
MCHI iShares MSCI China ETF 13.9 59 4 8.1 +1.4
FLCH Franklin FTSE China ETF 13.9 19 44 8.6 +1.9
IETC iShares Evolved U.S. Technology ETF 13.9 18 45 5.8 -0.8
EEMO Invesco S&P Emerging Markets Momentum ETF 13.6 29 34 6.5 -0.1
GXC SPDR S&P China ETF 13.6 59 4 8.3 +1.7
FNI First Trust Chindia ETF 13.5 60 3 2.6 -4.0
MOAT VanEck Vectors Morningstar Wide Moat ETF 13.5 49 14 6.3 -0.3
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 13.1 21 42 3.5 -3.2
ADRE Invesco BLDRS Emerging Markets 50 ADR Index Fund 13.1 18 45 5.5 -1.2
EBIZ Global X E-Commerce ETF 13.0 50 13 2.7 -4.0
JOYY Infusive Compounding Global Equities ETF 12.9 50 13 6.1 -0.6
SPXT ProShares S&P 500 Ex-Technology ETF 12.8 27 36 5.5 -1.1
FDN First Trust Dow Jones Internet Index Fund 12.7 52 11 2.1 -4.6
ADME Aptus Drawdown Managed Equity ETF 12.7 79 -16 4.3 -2.4
SPQQ Siren Large Cap Blend Index ETF 12.7 20 43 5.2 -1.4
AAXJ iShares MSCI All Country Asia ex Japan ETF 12.6 68 -5 7.2 +0.6
BKLC BNY Mellon US Large Cap Core Equity ETF 12.6 0 63 6.0 -0.7
ARKF ARK Fintech Innovation ETF 12.6 75 -12 0.7 -6.0
FDG American Century Focused Dynamic Growth ETF 12.5 45 18 1.6 -5.0
SPXV ProShares S&P 500 Ex-Health Care ETF 12.5 27 36 5.7 -1.0
IWL iShares Russell Top 200 ETF 12.5 15 48 5.7 -0.9
KALL KraneShares FTSE Emerging Markets Plus ETF 12.5 49 14 8.3 +1.6
FLAX Franklin FTSE Asia Ex Japan ETF 12.5 19 44 7.9 +1.2
MGK Vanguard Mega Cap Growth ETF 12.4 7 56 6.0 -0.6
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 12.3 32 31 6.0 -0.7
SFY SoFi Select 500 ETF 12.3 0 63 5.5 -1.2
BKF iShares MSCI BRIC ETF 12.1 69 -6 7.7 +1.1
GIGE SoFi Gig Economy ETF 12.0 59 4 -0.7 -7.3
MGC Vanguard Mega Cap Index Fund 12.0 7 56 5.9 -0.8
VOOG Vanguard S&P 500 Growth ETF 12.0 10 53 5.7 -0.9
IVW iShares S&P 500 Growth ETF 11.8 18 45 5.6 -1.0
SPYG SPDR Portfolio S&P 500 Growth ETF 11.8 4 59 5.8 -0.9
QLC FlexShares US Quality Large Cap Index Fund 11.7 32 31 5.9 -0.8
CN Xtrackers MSCI All China Equity ETF 11.6 50 13 8.4 +1.7
IWY iShares Russell Top 200 Growth ETF 11.6 20 43 6.0 -0.6
PBP Invesco S&P 500 BuyWrite ETF 11.6 49 14 5.6 -1.0
FVAL Fidelity Value Factor ETF 11.5 29 34 8.4 +1.8
EMSG Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF 11.5 20 43 7.0 +0.3
SPXE ProShares S&P 500 Ex-Energy ETF 11.5 27 36 6.0 -0.7
EEMX SPDR MSCI Emerging Markets Fossil Fuel Free ETF 11.5 30 33 7.9 +1.3
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 11.5 20 43 6.0 -0.7
HSPX Global X S&P 500 Covered Call ETF 11.5 60 3 5.5 -1.2
IUSG iShares Core S&P US Growth ETF 11.4 4 59 5.7 -1.0
SCHG Schwab U.S. Large-Cap Growth ETF 11.4 4 59 5.4 -1.2
IVV iShares Core S&P 500 ETF 11.4 3 60 6.0 -0.6
SPY SPDR S&P 500 ETF Trust 11.4 9 54 6.0 -0.7
SPLG SPDR Portfolio Large Cap ETF 11.4 3 60 6.0 -0.6
PBEE Invesco PureBeta FTSE Emerging Markets ETF 11.3 15 48 8.9 +2.2
SCHE Schwab Emerging Markets Equity ETF 11.3 11 52 8.2 +1.5
XYLG Global X S&P 500 Covered Call & Growth ETF 11.3 60 3 5.6 -1.1
VOX Vanguard Telecommunication Services Index Fund 11.3 10 53 4.8 -1.8
FCOM Fidelity MSCI Telecommunication Services Index ETF 11.3 8 55 5.0 -1.7
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 11.2 12 51 5.0 -1.6
VOO VANGUARD S&P 500 ETF 11.1 3 60 6.0 -0.6
ACIO Aptus Collared Income Opportunity ETF 11.1 79 -16 5.1 -1.5
GOAT VanEck Vectors Morningstar Global Wide Moat ETF 11.1 56 7 5.9 -0.8
CATH Global X S&P 500 Catholic Values Custom ETF 11.1 29 34 5.8 -0.8
ESGE iShares ESG MSCI EM ETF 11.0 25 38 8.8 +2.2
TECB iShares US Tech Breakthrough Multisector ETF 11.0 40 23 4.7 -2.0
BBUS JP Morgan Betabuilders U.S. Equity ETF 11.0 2 61 5.9 -0.8
NUEM Nuveen ESG Emerging Markets Equity ETF 11.0 45 18 7.1 +0.4
VWO Vanguard FTSE Emerging Markets ETF 11.0 10 53 8.2 +1.6
SPEM SPDR Portfolio Emerging Markets ETF 11.0 11 52 8.1 +1.5
EFIV SPDR S&P 500 ESG ETF 10.9 10 53 6.0 -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 Worldwide ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 11.3 %
Divided by: Fwd. P/BV 1.5 x
Less: Expense ratio 63 bp
Equals: ALTAR Score 6.7 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.37 CATEGORY
AVERAGE		 1.50
 
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.