Davis Select Worldwide
ALTAR
Score™
5.5% info Recommen-
dation
NEUTRAL
2019E    2020E
P/E
ratio
17.8x P/Sales
ratio
1.8x
P/BV
ratio
2.1x Div.
yield
1.2%


  • 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) $256
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 34
Wgt avg mkt cap (mns) $245,537
Large cap (>$10bn) 79.9%
Mid cap ($2-10bn) 14.0%
Small cap (<$2bn) 6.0%
Developed mkts 65.0%
Emerging mkts 35.0%

TOP TEN HOLDINGS
NEW ORIENTAL EDUCATIO-SP ADR 8.4 %
ALPHABET INC. CLASS C 7.2 %
ALIBABA GROUP HOLDING LTD. SPONSOR 6.1 %
JD.COM INC-ADR 6.1 %
AMAZON.COM INC 5.2 %
WELLS FARGO & CO 4.8 %
WOLSELEY PLC 4.8 %
CAPITAL ONE FINANCIAL CORP 4.7 %
BERKSHIRE HATHAWAY INC-CL B 4.6 %
NASPERS LTD-N SHS 4.5 %
Total 56.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 42.7 %
CHINA 27.3 %
BRITAIN 5.3 %
SOUTH AFRICA 4.6 %
SINGAPORE 3.0 %
CANADA 3.0 %
HONG KONG 2.5 %
BRAZIL 2.1 %
BERMUDA 1.9 %
INDIA 1.7 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
31.3% 31.3% -- -- 10.3%

Market Correlations
versus... Beta R-squared
S&P500 1.28 81%
MSCI EAFE 1.44 83%
MSCI Emg. Mkts. 1.02 71%

Technical Indicators
Recent close $25.97
30d moving avg. $25.41
Annualized volatility 17.5%
Short interest (ETF) 0.2%
Relative strength (RSI) 73

Liquidity measures
Avg. volume (thou.) 25
Turnover 0.3%
Bid/Ask (% of price) 0.30%
ADV underlying (mns) $18,918

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the Davis Select Worldwide 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™: 5.5%


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 56.8 63 1 5.1 -0.3
DINT Davis Select International 53.9 75 -11 5.3 -0.2
TTTN TigerShares China-U.S. Internet Titans 28.7 59 5 3.7 -1.8
PNQI Invesco Nasdaq Internet 27.0 62 2 2.5 -3.0
DFNL Davis Select Financial 26.0 64 0 6.6 +1.2
TMFC Motley Fool 100 Index 21.0 50 14 4.0 -1.5
XLG Invesco S&P Top 50 19.3 20 44 4.8 -0.7
PGJ Invesco Golden Dragon China 18.8 70 -6 3.3 -2.1
CHIQ Global X MSCI China Consumer Discretionary 17.3 65 -1 5.0 -0.5
EMQQ Emerging Markets Internet & E-Commerce 17.2 86 -22 3.3 -2.2
QYLD Global X NASDAQ 100 Covered Call ETF 17.2 60 4 4.5 -1.0
QQQ Invesco QQQ 16.9 20 44 4.7 -0.8
FDNI First Trust Dow Jones International Internet 16.9 65 -1 3.8 -1.6
XNTK SPDR NYSE Technology 16.9 35 29 4.7 -0.7
OGIG O'Shares Global Internet Giants 16.4 48 16 1.2 -4.3
KEMQ KraneShares EM Consumer Focus 16.2 80 -16 8.5 +3.0
IGM iShares S&P N. American Technology 16.0 46 18 4.1 -1.4
OEF iShares S&P 100 16.0 20 44 5.1 -0.3
IETC iShares Evolved U.S. Technology 15.8 18 46 4.3 -1.2
FNI First Trust ISE Chindia 15.5 59 5 3.7 -1.7

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

  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

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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 Worldwide
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 11.5 %
Divided by: Fwd. P/BV 1.9 x
Less: Expense ratio 64 bp
Equals: ALTAR Score 5.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.38 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.