AVIV vs DINT

AVIVAAvantis International Large Cap Value ETF

DINTDDavis Select International ETF

In short

AVIV Avantis takes the academic value playbook overseas: about 600 developed-market large caps screened for cheap prices and strong profitability, at 0.25% a year. Active management without the active-manager price tag.

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

AVIV The fund seeks long-term capital appreciation through a broadly diversified portfolio of large-capitalization companies in non-U.S. developed countries.

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

• AVIV 0.25% a year, against a roughly 0.65% median across active international value funds. Cheap enough that the fee stops being the deciding factor.
• Two screens, not one: cheap valuations plus higher profitability. Both factors are written into the mandate rather than left to a manager's mood.
• About 600 large caps spread across non-US developed markets, so no single name or country steers the fund. Breadth is the design, not a byproduct.
• Among the active international value ETFs we cover, one of the strongest implementations in the group, and it has been running since 2021.

• 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

• AVIV Value tilts can lag the broad market for long stretches. This one holds the tilt through those stretches rather than trying to time it.
• Active, with no published index behind it. You are buying the Avantis process, not a rulebook you can audit line by line.
• Large caps only. The same approach for smaller overseas companies lives in a sibling fund, AVDV, which charges 0.36%.

• 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 AVIV profile⁠

Full DINT profile⁠