AVDV vs DINT

AVDVAAvantis International Small Cap Value ETF

DINTDDavis Select International ETF

In short

AVDV Foreign small-cap value is the thin, overlooked corner of the world market. AVDV works it with index-like breadth, roughly 1,700 overseas small caps screened for cheap prices and real profits, at a fee well under its peer group's median.

DINT Old-school stock picking in an ETF shell: Davis runs a concentrated book of roughly two dozen foreign businesses, developed and emerging, bought when the team judges them cheaper than they're worth.

Stated mandate

AVDV Seeks long-term capital appreciation by investing in non-U.S. developed small-cap companies selected for low valuations and higher profitability ratios.

DINT The Fund seeks long-term growth of capital through active management of common stocks issued by foreign companies, including developed and emerging markets. Davis selects businesses with durable franchises and sustainable competitive advantages, seeking to buy them below estimated intrinsic value.

Why people hold it

• AVDV Charges 0.36% a year, well under the median for active international value funds and below peers like JIVE (0.55%) and FEOE (0.50%).
• Holds roughly 1,700 non-US developed small caps and stacks a profitability screen on top of the value screen, aimed at the cheap-for-a-reason names.avantisinvestors.com
• Live since 2019 and now a multi-billion-dollar fund that changes hands readily, which matters when the underlying holdings are small foreign stocks.
• One of the stronger builds in its active international value group: broad, cheap, and rules-driven rather than a manager's hunch list.avantisinvestors.com

• DINT Genuinely active. Around two dozen positions means every name carries weight, a different animal from the hundreds-of-stocks international index funds it sits beside.
• One clear brief: durable franchises with lasting competitive advantages, bought below Davis's estimate of intrinsic value. Classic value discipline, stated in the fund's own prospectus.
• Developed and emerging markets sit in the same sleeve, benchmarked to MSCI ACWI ex USA, so the manager can roam rather than stay inside a single-region box.
• Live since 2018 and running in the hundreds of millions, an established fund rather than a launch still hunting for scale.

Worth knowing

• AVDV Small caps abroad plus a value tilt can swing harder than big-name international funds, and currency moves flow straight through to results.avantisinvestors.com
• Actively managed with no index to replicate, so holdings follow Avantis' models. MSCI World ex-USA Small Cap is the yardstick, not the blueprint.avantisinvestors.com
• Developed markets only, and it pays quarterly rather than monthly. For overseas large-cap value, sibling fund AVIV runs 0.25%.

• DINT You pay for the pickers: 0.66% a year, above the active international median and multiples of systematic rivals like AVDE (0.23%) and DFIC (0.22%).
• Thinly traded compared with the giants in this category, so bid-ask spreads can be wider and large orders need more care.
• Concentration cuts both ways, and on our overall measures the fund lands in the lower half of its active international peer group. Distributions come annually or semiannually, not monthly.

Full AVDV profile⁠

Full DINT profile⁠