DINT vs JIVE

DINTDDavis Select International ETF

JIVEAJPMorgan International Value ETF

In short

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.

JIVE JPMorgan's take on international value: an active, style-pure cheapness screen run across roughly 400 names in both non-US developed and emerging markets. Index-like breadth, human hands on the wheel.

Stated mandate

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.

JIVE The fund seeks long-term capital appreciation through investments in foreign equity securities.

Why people hold it

• 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.

• JIVE Style-pure value screen, not a blend compromise. Holdings are chosen for cheapness, and the book spreads across about 400 names instead of a concentrated handful.jpmorgan.com
• One passport, both worlds: the mandate covers non-US developed and emerging markets, measured against the MSCI ACWI ex USA Value index.jpmorgan.com
• A 0.55% fee puts it on the cheaper side of the actively managed international value shelf, where paying up for stock picking is the norm.
• Portfolio matches the label. Exposure lines up with the stated value mandate, and it stands among the stronger implementations in its active international value group.

Worth knowing

• 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.

• JIVE Systematic rivals like AVIV and AVDV charge less for international value. The extra cost here buys JPMorgan's active selection.
• Emerging market holdings add currency swings and political risk that a developed-markets-only fund sidesteps.
• Launched in 2023, so the live record is short. Distributions arrive annually or semiannually, not monthly.

Full DINT profile⁠

Full JIVE profile⁠