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Trending ETFs

Name

As of 05/20/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Davis Select Financial ETF

DFNL | Active ETF

$33.82

$179 M

1.82%

$0.62

0.64%

Vitals

YTD Return

11.7%

1 yr return

33.4%

3 Yr Avg Return

5.9%

5 Yr Avg Return

10.5%

Net Assets

$179 M

Holdings in Top 10

59.7%

52 WEEK LOW AND HIGH

$34.2
$25.32
$34.23

Expenses

OPERATING FEES

Expense Ratio 0.64%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 10.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

As of 05/20/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Davis Select Financial ETF

DFNL | Active ETF

$33.82

$179 M

1.82%

$0.62

0.64%

DFNL - Profile

Distributions

  • YTD Total Return 11.7%
  • 3 Yr Annualized Total Return 5.9%
  • 5 Yr Annualized Total Return 10.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.40%
DIVIDENDS
  • Dividend Yield 1.8%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Davis Select Financial ETF
  • Fund Family Name
    Davis ETFs
  • Inception Date
    Jan 11, 2017
  • Shares Outstanding
    6750000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Christopher Davis

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.

A company is principally engaged in financial services if it owns financial services-related assets that constitute at least 50% of the value of all of its assets, or if it derives at least 50% of its revenues from providing financial services. Companies are classified by GICS based on their principal business activity. Revenue is a key factor in determining a firm’s principal business activity. Companies with their principal business activity in one of the following areas are considered financial services firms: banks, thrifts and mortgage, specialized finance, consumer finance, asset management, custody, investment banking, brokerage, insurance, financial exchanges and data, and mortgage REITs.

Davis Investment Discipline. Davis Advisors manages equity funds using the Davis Investment Discipline. Davis Advisors conducts extensive research to try to identify businesses that possess characteristics that Davis Advisors believes foster the creation of long-term value, such as proven management, a durable franchise and business model, and sustainable competitive advantages. Davis Advisors aims to invest in such businesses when they are trading at discounts to their intrinsic worth. Davis Advisors emphasizes individual stock selection and believes that the ability to evaluate management is critical. Davis Advisors routinely visits managers at their places of business in order to gain insight into the relative value of different businesses. Such research, however rigorous, involves predictions and forecasts that are inherently uncertain. After determining which companies Davis Advisors believes the Fund should own, Davis Advisors then turns its analysis to determining the intrinsic value of those companies’ equity securities. Davis Advisors seeks companies whose equity securities can be purchased at a discount from Davis Advisors’ estimate of the company’s intrinsic value based upon fundamental analysis of cash flows, assets and liabilities, and other criteria that Davis Advisors deems to be material on a company-by-company basis. Davis Advisors’ goal is to invest in companies for the long term (ideally, five years or longer, although this goal may not be met). Davis Advisors considers selling a company’s equity securities if the securities’ market price exceeds Davis Advisors’ estimates of intrinsic value, if the ratio of the risks and rewards of continuing to own the company’s equity securities is no longer attractive, to raise cash to purchase a more attractive investment opportunity, to satisfy net redemptions or for other purposes. 

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DFNL - Performance

Return Ranking - Trailing

Period DFNL Return Category Return Low Category Return High Rank in Category (%)
YTD 11.7% -8.3% 17.9% 30.00%
1 Yr 33.4% 17.2% 48.0% 47.78%
3 Yr 5.9%* -18.4% 15.5% 33.33%
5 Yr 10.5%* -5.2% 18.3% 41.11%
10 Yr N/A* -0.3% 14.6% 85.53%

* Annualized

Return Ranking - Calendar

Period DFNL Return Category Return Low Category Return High Rank in Category (%)
2023 11.8% -12.2% 29.3% 32.22%
2022 -11.4% -56.2% 9.4% 12.22%
2021 28.1% 1.6% 54.4% 43.33%
2020 -6.3% -41.2% 61.3% 58.89%
2019 24.3% 10.5% 97.3% 52.22%

Total Return Ranking - Trailing

Period DFNL Return Category Return Low Category Return High Rank in Category (%)
YTD 11.7% -8.3% 17.9% 30.00%
1 Yr 33.4% 17.2% 48.0% 47.78%
3 Yr 5.9%* -18.4% 15.5% 33.33%
5 Yr 10.5%* -5.2% 18.3% 41.11%
10 Yr N/A* -0.3% 14.6% N/A

* Annualized

Total Return Ranking - Calendar

Period DFNL Return Category Return Low Category Return High Rank in Category (%)
2023 14.4% -8.5% 32.0% 40.00%
2022 -8.4% -56.2% 11.4% 14.44%
2021 31.2% 18.8% 56.8% 60.00%
2020 -5.0% -41.2% 61.3% 60.00%
2019 27.4% 15.1% 101.7% 55.56%

DFNL - Holdings

Concentration Analysis

DFNL Category Low Category High DFNL % Rank
Net Assets 179 M 1.21 M 37.7 B 56.04%
Number of Holdings 29 21 412 90.00%
Net Assets in Top 10 111 M 539 K 18.4 B 52.22%
Weighting of Top 10 59.75% 18.0% 82.8% 17.78%

Top 10 Holdings

  1. CAPITAL ONE FINANCIAL CORP 9.37%
  2. BERKSHIRE HATHAWAY INC CL B 7.29%
  3. MARKEL CORP 6.06%
  4. JPMORGAN CHASE + CO 5.98%
  5. CHUBB LTD 5.70%
  6. WELLS FARGO + CO 5.25%
  7. BANK OF NEW YORK MELLON CORP 5.24%
  8. FIFTH THIRD BANCORP COMMON STOCK 5.24%
  9. US BANCORP 4.89%
  10. JULIUS BAER GROUP LTD 4.72%

Asset Allocation

Weighting Return Low Return High DFNL % Rank
Stocks
98.84% 95.27% 100.10% 61.11%
Other
0.97% -1.65% 2.20% 3.33%
Cash
0.19% 0.05% 32.55% 87.78%
Preferred Stocks
0.00% 0.00% 3.05% 93.33%
Convertible Bonds
0.00% 0.00% 0.00% 93.33%
Bonds
0.00% 0.00% 2.83% 94.44%

Stock Sector Breakdown

Weighting Return Low Return High DFNL % Rank
Financial Services
99.11% 46.33% 100.00% 38.89%
Communication Services
0.89% 0.00% 4.06% 6.67%
Utilities
0.00% 0.00% 0.00% 93.33%
Technology
0.00% 0.00% 43.13% 95.56%
Real Estate
0.00% 0.00% 40.95% 96.67%
Industrials
0.00% 0.00% 5.08% 95.56%
Healthcare
0.00% 0.00% 0.20% 93.33%
Energy
0.00% 0.00% 0.00% 93.33%
Consumer Defense
0.00% 0.00% 4.21% 93.33%
Consumer Cyclical
0.00% 0.00% 42.54% 95.56%
Basic Materials
0.00% 0.00% 4.54% 93.33%

Stock Geographic Breakdown

Weighting Return Low Return High DFNL % Rank
US
82.14% 0.00% 100.10% 84.44%
Non US
16.69% 0.00% 99.31% 16.67%

DFNL - Expenses

Operational Fees

DFNL Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.64% 0.08% 11.17% 75.56%
Management Fee 0.55% 0.03% 1.25% 29.67%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.10% 0.25% N/A

Sales Fees

DFNL Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

DFNL Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 2.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

DFNL Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 10.00% 3.00% 406.00% 20.25%

DFNL - Distributions

Dividend Yield Analysis

DFNL Category Low Category High DFNL % Rank
Dividend Yield 1.82% 0.00% 11.71% 45.05%

Dividend Distribution Analysis

DFNL Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Annual Annual

Net Income Ratio Analysis

DFNL Category Low Category High DFNL % Rank
Net Income Ratio 1.40% -0.76% 10.57% 50.00%

Capital Gain Distribution Analysis

DFNL Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Semi-Annually

Distributions History

View More +

DFNL - Fund Manager Analysis

Managers

Christopher Davis


Start Date

Tenure

Tenure Rank

Jan 11, 2017

5.39

5.4%

Christopher Davis, Portfolio Manager, is a research analyst and Chair of the Portfolio Review Committee which oversees the management of the Davis Global, International and All-Cap Strategies. Mr. Davis with Danton Goei is Portfolio Manager for all large cap equity and concentrated equity portfolios. Mr. Davis joined the firm in 1989 after working as a securities analyst. He received his M.A. from the University of St. Andrews in Scotland.

Pierce Crosbie


Start Date

Tenure

Tenure Rank

Dec 31, 2018

3.42

3.4%

Pierce B.T. Crosbie - Research Analyst Pierce B. T. Crosbie joined Davis Advisors in 2008. Previously, he worked as a research analyst at Davidson Kempner Capital Management in the distressed debt group, and in the mergers and acquisitions group at RBC Capital Markets. Mr. Crosbie received his B.A. from McGill University and his M.B.A. from the Harvard Business School and is a CFA charter holder.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 25.42 9.68 4.58