DUSA

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 the Fund s portfolio principally in common stocks issued by large companies with market capitalizations of at least $10 billion. Under normal market conditions, the Fund will invest at least 80% of the Fund s net assets plus any borrowings for investment purposes in equity securities issued by U.S. companies. 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 may invest a portion of its assets in financial services companies. The Fund may also invest in mid- and small-capitalization companies, which the Fund considers to be those companies with less than $10 billion in market capitalization. The Fund may invest up to 20% of net assets in non-U.S. companies. 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 U.S. Equity ETF
Fund Exchange Ticker DUSA
Fund Sponsor Davis Advisors
Fund ISIN US23908L2079
Net Expense Ratio 0.65 %
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 US Equities - Broad Market & Size
Asset Class Equities (Stocks)
Index Linked Active
Index Name Not Applicable
Index Provider Not Applicable
Currency Hedged No
Inverse / Leveraged Not Applicable
Developed / Emerging Developed Market Funds
Market Capitalization Range Large Cap
Growth Value Core / Blend
Continent North America
Key Statistics
Return As of Date 17 January 2019
Asset Under Management 165.74 Million (USD)
1 Month Total Return 6.26 %
Year To Date Return 7.64 %
1 Year Total Return -10.11 %
3 Year Annualized Total Return
NAV 21.5252
Share Outstanding 7,700,000
Top 10 Holdings (16 January 2019)
Constituent Name Constituent Ticker Constituent Type Weighting
BERKSHIRE HATHAWAY INC-CL B BRK/B EQUI 0.1093
ALPHABET INC-CL C GOOG EQUI 0.102
AMAZON.COM INC AMZN EQUI 0.1008
CAPITAL ONE FINANCIAL CORP COF EQUI 0.0692
UNITED TECHNOLOGIES CORP UTX EQUI 0.0653
Cash Component CASH 0.0585
BANK OF NEW YORK MELLON CORP BK EQUI 0.0436
AMERICAN EXPRESS CO AXP EQUI 0.0413
WELLS FARGO & CO WFC EQUI 0.0409
MARKEL CORP MKL EQUI 0.0399