Davis Select Worldwide ETF
ALTAR
Score™		 6.6% info Recommen-
dation		 OVERWEIGHT
2020E    2021E
P/E
ratio		 25.3x P/Sales
ratio		 2.0x
P/BV
ratio		 1.6x Div.
yield		 1.4%


  • 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) $266
Currency USD
Expense ratio 64 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) $234,759
Large cap (>$10bn) 88.4%
Mid cap ($2-10bn) 4.2%
Small cap (<$2bn) 7.5%
Developed mkts 72.1%
Emerging mkts 28.0%

TOP TEN HOLDINGS
NEW ORIENTAL EDUCATIO-SP ADR 6.8 %
ALPHABET INC. CLASS C 6.6 %
ALIBABA GROUP HOLDING LTD. SPONSOR 5.2 %
JD.COM INC-ADR 5.0 %
CAPITAL ONE FINANCIAL CORP 4.9 %
AMAZON.COM INC 4.8 %
APPLIED MATERIALS INC 4.5 %
FACEBOOK 4.4 %
BERKSHIRE HATHAWAY INC-CL B 4.3 %
NASPERS LTD-N SHS 4.1 %
Total 50.5 %

TOP COUNTRY EXPOSURE
UNITED STATES 39.7 %
CHINA 26.1 %
SOUTH AFRICA 4.1 %
BRITAIN 3.4 %
NORWAY 3.3 %
DENMARK 2.5 %
SINGAPORE 2.5 %
HONG KONG 2.1 %
SWITZERLAND 2.0 %
BERMUDA 1.5 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-10.0% 5.4% -- -- 5.5%

Market Correlations
versus... Beta R-squared
S&P500 1.21 86%
MSCI EAFE 1.30 85%
MSCI Emg. Mkts. 1.02 81%

Technical Indicators
Recent close $23.85
30d moving avg. $21.79
Annualized volatility 22.0%
Short interest (ETF) 0.1%
Relative strength (RSI) 68

Liquidity measures
Avg. volume (thou.) 79
Turnover 0.7%
Bid/Ask (% of price) 0.27%
ADV underlying (mns) $41,895

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 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: 64 bp ALTAR Score™: 6.6%


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 54.1 63 1 5.6 -1.0
DINT Davis Select International ETF 47.2 75 -11 5.8 -0.8
TTTN UP Fintech China-U.S. Internet Titans ETF 31.1 59 5 5.0 -1.6
DFNL Davis Select Financial ETF 26.2 64 0 7.7 +1.1
PNQI Invesco NASDAQ Internet ETF 24.6 62 2 1.2 -5.4
TMFC Motley Fool 100 Index ETF 21.3 50 14 4.0 -2.6
EMQQ EMQQ The Emerging Markets Internet & Ecommerce ETF 18.4 86 -22 2.3 -4.3
XLG Invesco S&P 500 Top 50 ETF 18.2 20 44 4.7 -1.9
FDNI First Trust Dow Jones International Internet ETF 18.0 65 -1 2.8 -3.8
XNTK SPDR Morgan Stanley Technology ETF 17.8 35 29 4.0 -2.6
CHIQ Global X China Consumer ETF 17.8 65 -1 9.2 +2.6
OGIG O'Shares Global Internet Giants ETF 17.2 48 16 0.5 -6.1
QYLD Global X NASDAQ 100 Covered Call ETF 17.1 60 4 3.7 -2.9
NUSI Nationwide Risk-Managed Income ETF 16.9 68 -4 3.7 -3.0
PGJ Invesco Golden Dragon China ETF 16.9 70 -6 3.4 -3.2
QQQ Invesco QQQ Trust 16.7 20 44 4.1 -2.5
KEMQ Kraneshares Emerging Markets Consumer Technology Index ETF 16.5 80 -16 1.7 -4.9
BUYZ Franklin Disruptive Commerce ETF 16.4 50 14 -0.1 -6.7
IGM iShares North American Tech ETF 16.1 46 18 4.0 -2.6
MOAT VanEck Vectors Morningstar Wide Moat ETF 15.9 49 15 5.9 -0.7
OEF iShares S&P 100 ETF 15.7 20 44 4.9 -1.7
IETC iShares Evolved U.S. Technology ETF 15.4 18 46 4.1 -2.5
KWEB KraneShares CSI China Internet ETF 15.2 76 -12 3.4 -3.2
AIQ Global X Future Analytics Tech ETF 15.1 68 -4 4.2 -2.5
GBUY Goldman Sachs Motif New Age Consumer ETF 15.1 50 14 2.1 -4.5
EBIZ Global X E-Commerce ETF 15.0 50 14 3.0 -3.6
JOYY Infusive Compounding Global Equities ETF 14.9 50 14 3.9 -2.7
ONEQ Fidelity Nasdaq Composite Index Tracking Stock 14.9 21 43 3.2 -3.4
IWL iShares Russell Top 200 ETF 13.9 15 49 5.1 -1.5
ADME Aptus Drawdown Managed Equity ETF 13.6 81 -17 3.9 -2.7
CXSE WisdomTree China ex-State-Owned Enterprises Fund 13.6 32 32 7.0 +0.4
SPXV ProShares S&P 500 Ex-Health Care ETF 13.5 27 37 5.1 -1.5
SYG SPDR MFS Systematic Growth Equity ETF 13.5 60 4 4.6 -2.0
SCHG Schwab U.S. Large-Cap Growth ETF 13.4 4 60 4.3 -2.3
ECON Columbia Emerging Markets Consumer ETF 13.4 59 5 4.9 -1.7
FNI First Trust Chindia ETF 13.3 59 5 3.4 -3.2
VOOG Vanguard S&P 500 Growth ETF 13.2 10 54 4.4 -2.2
SPXT ProShares S&P 500 Ex-Technology ETF 13.2 27 37 5.6 -1.0
SPYG SPDR Portfolio S&P 500 Growth ETF 13.2 4 60 4.5 -2.1
IVW iShares S&P 500 Growth ETF 13.2 18 46 4.3 -2.3
ONLN ProShares Online Retail ETF 13.2 58 6 1.6 -5.0
MGC Vanguard Mega Cap Index Fund 13.2 7 57 5.3 -1.3
MGK Vanguard Mega Cap Growth ETF 13.1 7 57 4.3 -2.3
GDAT Goldman Sachs Motif Data-Driven World Etf 13.1 50 14 5.2 -1.4
FDN First Trust Dow Jones Internet Index Fund 13.0 52 12 2.5 -4.1
IWY iShares Russell Top 200 Growth ETF 12.8 20 44 4.3 -2.3
IUSG iShares Core S&P US Growth ETF 12.7 4 60 4.5 -2.1
GOAT VanEck Vectors Morningstar Global Wide Moat ETF 12.6 52 12 5.4 -1.2
SFY SoFi Select 500 ETF 12.6 0 64 5.3 -1.3
LRGE ClearBridge Large Cap Growth ESG ETF 12.5 60 4 4.0 -2.6
PBP Invesco S&P 500 BuyWrite ETF 12.5 49 15 5.1 -1.5
CHIL Global X MSCI China Large-Cap 50 ETF 12.5 29 35 9.5 +2.9
HSPX Global X S&P 500 Covered Call ETF 12.3 65 -1 4.9 -1.7
GVIP Goldman Sachs Hedge Industry VIP ETF 12.2 45 19 5.0 -1.6
CACG ClearBridge All Cap Growth ETF 12.0 54 10 4.5 -2.2
FVAL Fidelity Value Factor ETF 12.0 29 35 8.0 +1.4
ADRE Invesco BLDRS Emerging Markets 50 ADR Index Fund 12.0 18 46 6.1 -0.5
ESG FlexShares STOXX US ESG Impact Index Fund 11.9 32 32 5.2 -1.4
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 11.9 20 44 5.5 -1.2
SNPE Xtrackers S&P 500 ESG ETF 11.9 11 53 5.2 -1.4
SPXE ProShares S&P 500 Ex-Energy ETF 11.8 27 37 5.4 -1.2
VUG Vanguard Growth Index Fund 11.8 4 60 4.2 -2.4
BVAL Brand Value ETF 11.7 65 -1 5.9 -0.7
NACP Impact Shares NAACP Minority Empowerment ETF 11.6 75 -11 4.5 -2.1
FLCH Franklin FTSE China ETF 11.6 19 45 9.2 +2.6
SPLG SPDR Portfolio Large Cap ETF 11.5 3 61 5.5 -1.1
IVV iShares Core S&P 500 ETF 11.5 4 60 5.5 -1.2
SPY SPDR S&P 500 ETF Trust 11.5 9 55 5.4 -1.2
VOO VANGUARD S&P 500 ETF 11.4 3 61 5.5 -1.1
JKE iShares Morningstar Large-Cap Growth ETF 11.4 25 39 3.5 -3.1
ARKF ARK Fintech Innovation ETF 11.4 75 -11 0.8 -5.8
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 11.3 20 44 5.0 -1.6
CATH Global X S&P 500 Catholic Values Custom ETF 11.3 29 35 5.3 -1.3
ACIO Aptus Collared Income Opportunity ETF 11.3 79 -15 4.5 -2.1
VV Vanguard Large-Cap Index Fund 11.3 4 60 5.3 -1.3
GXC SPDR S&P China ETF 11.2 59 5 8.9 +2.3
VONG Vanguard Russell 1000 Growth Index Fund 11.2 8 56 4.4 -2.2
IWF iShares Russell 1000 Growth ETF 11.2 19 45 4.3 -2.3
XLC The Communication Services Select Sector SPDR Fund 11.1 13 51 6.0 -0.6
IXP iShares Global Comm Services ETF 11.1 46 18 5.8 -0.8
FCOM Fidelity MSCI Telecommunication Services Index ETF 11.1 8 56 5.1 -1.5
VOX Vanguard Telecommunication Services Index Fund 11.1 10 54 4.9 -1.7
FLAX Franklin FTSE Asia Ex Japan ETF 11.0 19 45 8.5 +1.9
SPXN ProShares S&P 500 Ex-Financials ETF 10.9 27 37 5.1 -1.5
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 10.9 12 52 4.9 -1.8
BBUS JP Morgan Betabuilders U.S. Equity ETF 10.9 2 62 5.4 -1.2
IOO iShares Global 100 ETF 10.9 40 24 4.9 -1.7
TECB iShares US Tech Breakthrough Multisector ETF 10.9 40 24 4.1 -2.5
PBUS Invesco PureBeta MSCI USA ETF 10.7 4 60 5.3 -1.3
SCHX Schwab U.S. Large-Cap ETF 10.7 3 61 5.4 -1.3
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 10.6 32 32 6.8 +0.2
SPTM SPDR Portfolio Total Stock Market ETF 10.6 3 61 5.6 -1.1
GIGE SoFi Gig Economy ETF 10.6 59 5 -0.6 -7.2
SYE SPDR MFS Systematic Core Equity ETF 10.6 60 4 5.9 -0.7
IWB iShares Russell 1000 ETF 10.5 15 49 5.2 -1.4
MMTM SPDR S&P 1500 Momentum Tilt ETF 10.4 12 52 5.1 -1.5
VONE Vanguard Russell 1000 ETF 10.4 8 56 5.3 -1.3
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 10.3 75 -11 3.7 -2.9
XOUT GraniteShares XOUT U.S. Large Cap ETF 10.3 60 4 4.6 -2.0
SCHK Schwab 1000 Index ETF 10.3 5 59 5.3 -1.3

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 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 1.6 x
Less: Expense ratio 64 bp
Equals: ALTAR Score 6.6 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.35 CATEGORY
AVERAGE		 1.51
 
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.