DWLD
Davis Select Worldwide ETF
The Davis Select Worldwide ETF is an actively managed portfolio of global equity. The fund seeks long-term growth of capital.
Global
EQUITY
Active
MANAGEMENT STYLE
63 bp
EXPENSES
$299.7 M
ASSETS UNDER MGMT
Fund Basics
| Fund sponsor | Davis |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Jan 11, 2017 |
| Assets (mns) | $300 |
| Expense ratio | 63 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Proprietary |
| Weighting | Proprietary |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| META PLATFORMS INC | 7.2 % |
| MEITUAN DIANPING | 5.4 % |
| PING AN INSURANCE GROUP CO-H | 5.2 % |
| PROSUS N.V. CLASS N | 4.8 % |
| CAPITAL ONE FINANCIAL CORP | 4.8 % |
| JULIUS BAER GRUPPE AG | 4.5 % |
| DBS GROUP HOLDINGS LTD | 4.4 % |
| DANSKE BANK A/S | 4.3 % |
| BERKSHIRE HATHAWAY INC-CL B | 4.3 % |
| AMAZON.COM INC | 3.8 % |
Constituent Breakdown
| Number of holdings | 40 |
| Herfindahl-Hirschman Index | 364 |
| Wgt avg mkt cap (mns) | $354,342 |
| Large cap (>$10bn) | 94.2% |
| Mid cap ($2-10bn) | 3.6% |
| Small cap (<$2bn) | 1.3% |
| Developed mkts. | 82.9% |
| Emerging mkts. | 17.1% |
Country Exposure
 |
UNITED STATES | 46.6 % |
 |
CHINA | 15.6 % |
 |
SOUTH KOREA | 5.5 % |
 |
SINGAPORE | 5.5 % |
 |
NETHERLANDS | 4.8 % |
 |
SWITZERLAND | 4.5 % |
 |
DENMARK | 4.3 % |
 |
CANADA | 4.1 % |
 |
HONG KONG | 2.5 % |
 |
GERMANY | 1.7 % |
Historical Performance
Standardized Performance (as of 06/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 6.8% | 11.2% | 15.6% | -1.6% | 7.5% | -- | 7.7% | Volatility | 14.9% | 15.8% | 20.5% | 21.7% | 23.8% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.80 | 49% |
| MSCI EAFE | 0.98 | 69% |
| MSCI Emg Mkts | 1.07 | 84% |
Liquidity Measures
| Avg. volume (000) | 9 |
| Turnover | 0.1% |
| Avg. Bid/Ask (% of price) | 0.28% |
| ADV of underlying (mns) | $41,260 |
Technical Indicators
| Recent close | $32.94 |
| 30d moving avg. | $33.78 |
| Annualized volatility | 20.6% |
| Relative strength (RSI) | 56 |
| Short interest (ETF) | 0.0% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. DWLD |
Expenses vs. DWLD |
ALTAR Score™ vs. DWLD |
|---|---|---|---|---|
| DINT | Davis Select International ETF | 48.6% | -8 bp | -0.7% |
| DUSA | Davis Select U.S. Equity ETF | 48.0% | -2 bp | +0.3% |
| DFNL | Davis Select Financial ETF | 28.6% | 0 bp | +0.2% |
| LCF | Touchstone US Large Cap Focused ETF | 18.2% | +6 bp | -2.6% |
| FPAG | FPA Global Equity ETF | 17.4% | -14 bp | -1.5% |
| PNQI | Invesco NASDAQ Internet ETF | 16.2% | -3 bp | -4.4% |
| OMFL | Invesco Russell 1000 Dynamic Multifactor ETF | 16.1% | -34 bp | +2.9% |
| TMFC | Motley Fool 100 Index ETF | 15.6% | -13 bp | -3.1% |
| SPMO | Invesco S&P 500 Momentum ETF | 15.4% | -50 bp | -3.0% |
| GBUY | Goldman Sachs Future Consumer Equity ETF | 15.3% | +12 bp | -3.3% |
Risk and Returns: DWLD vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 7/25/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
DWLD
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
DWLD
7.0%
Cat. Avg
4.0%
Fund Category: Global
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 7.0% |
Recommendation
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.
Category Overview
There are 352 funds in the Global category, with an average ALTAR Score™
of 4.0% and a standard deviation of
4.8%. DWLD's ALTAR Score™ is approximately
0.6 standard deviations
above
the category average. This places DWLD in the 73rd percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
DWLD
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Expense Analysis
| Peer Group | Active Global Equity ETFs |
| # of ETFs | 118 |
| Avg. Expense Ratio | 73.5 bp |
| Std. Deviation | 29.8 bp |
| DWLD (63 bp) Percentile rank | 36 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| DWLD | 63.0 | 27.5 | 90.5 |
| Peer Avg. | 77.1 | 49.6 | 126.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .