DFNL

Fund Description
The Fund is an actively managed exchange-traded fund ( ETF ). Davis Selected Advisers, L.P. ( Davis Advisors or the Adviser ), the Fund s investment adviser, uses the Davis Investment Discipline to invest, under normal market conditions, at least 80% of the Fund s net assets plus any borrowings for investment purposes in securities issued by companies principally engaged in the financial services sector. The Fund is non-diversified and, therefore, is allowed to focus its investments in fewer companies than a fund that is required to diversify its portfolio. The Fund s portfolio generally contains between 15 and 35 companies, although the precise number of its investments will vary over time. The Fund invests, principally, in common stocks (including indirect holdings of common stock through depositary receipts). The Fund may invest in large, medium or small companies without regard to market capitalization and may invest in issuers in foreign countries, including countries with developed or emerging markets. These non-U.S. company investments may include American Depositary Receipts ( ADRs ) and Global Depositary Receipts ( GDRs and together Depositary Receipts ). Depositary Receipts are receipts that represent ownership of shares of a non-U.S. issuer held in trust by a bank or similar financial institution.
Fund Profile
Fund Name Davis Select Financial ETF
Fund Exchange Ticker DFNL
Fund Sponsor Davis Advisors
Fund ISIN US23908L1089
Net Expense Ratio 0.64 %
Fund Inception Date 11 January 2017
Fund Legal Structure ETF (Open end fund)
Exchange NASDAQ
Listing Country Code US
Fund Investment Objective
ETF Type Specific Global or ExUS Equities - Industry Sector
Asset Class Equities (Stocks)
Index Linked Active
Index Name Not Applicable
Index Provider Not Applicable
Currency Hedged No
Inverse / Leveraged Not Applicable
Developed / Emerging Funds Combining Developed & Emerging Exposure
Market Capitalization Range Large Cap
Growth Value Core / Blend
Continent Not Applicable
Key Statistics
Return As of Date 21 June 2019
Asset Under Management 145.51 Million (USD)
1 Month Total Return -0.43 %
Year To Date Return 12.49 %
1 Year Total Return -0.88 %
3 Year Annualized Total Return
NAV 23.0971
Share Outstanding 6,300,000
Top 10 Holdings (21 June 2019)
Constituent Name Constituent Ticker Constituent Type Weighting
US BANCORP USB EQUI 0.0759
CAPITAL ONE FINANCIAL CORP COF EQUI 0.0753
BERKSHIRE HATHAWAY INC-CL B BRK/B EQUI 0.0722
AMERICAN EXPRESS CO AXP EQUI 0.0663
MARKEL CORP MKL EQUI 0.0552
JPMORGAN CHASE & CO JPM EQUI 0.0492
CHUBB LTD CB EQUI 0.0479
WELLS FARGO & CO WFC EQUI 0.0473
LOEWS CORP L EQUI 0.0437
BANK OF NEW YORK MELLON CORP BK EQUI 0.0431