DFNL vs. BPAY ETF Comparison

Comparison of Davis Select Financial ETF (DFNL) to BlackRock Future Financial and Technology ETF (BPAY)

DFNL

Davis Select Financial ETF

DFNL Description

The investment seeks long-term growth of capital. The fund's investment adviser, uses the Davis Investment Discipline to invest, under normal market conditions, at least 80% of its net assets plus any borrowings for investment purposes in securities issued by companies principally engaged in the financial services sector. The fund's portfolio, generally, contains between 15 and 35 companies. It invests, principally, in common stocks. 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. It is non-diversified.

Grade (RS Rating)

Last Trade

$33.32

Average Daily Volume

5,942

Number of Holdings ^*

20

* may have additional holdings in another (foreign) market

BPAY

BlackRock Future Financial and Technology ETF

BPAY Description

The BlackRock Future Financial Technology ETF seeks to maximize total return by investing in the companies delivering innovative and emerging technologies used in the financial services industry.

Grade (RS Rating)

Last Trade

$23.72

Average Daily Volume

207

Number of Holdings ^*

8

* may have additional holdings in another (foreign) market

Performance

Period	DFNL	BPAY
30 Days	0.05%	-0.24%
60 Days	0.18%	-1.68%
90 Days	1.97%	-3.53%
12 Months	24.38%	17.29%

2 Overlapping Holdings

	Symbol	Grade	Weight in DFNL	Weight in BPAY	Overlap
	AXP	C	4.7%	4.37%	4.37%
	SCHW	D	1.31%	3.95%	1.31%

DFNL Overweight 18 Positions Relative to BPAY

	Symbol	Grade	Weight
	COF	D	8.71%
	BRK.A	C	7.28%
	JPM	B	6.55%
	MKL	D	6.07%
	CB	C	5.76%
	WFC	C	5.75%
	BK	B	5.2%
	FITB	D	5.17%
	PNC	C	4.44%
	USB	D	4.29%
	L	D	3.3%
	RKT	C	2.73%
	TFC	B	2.65%
	BAC	B	2.6%
	NTB	C	1.69%
	MTB	C	1.45%
	STT	C	1.4%
	EG	D	1.14%

DFNL Underweight 6 Positions Relative to BPAY

	Symbol	Grade	Weight
	FIS	B	-5.08%
	DFS	B	-5.02%
	KSPI	B	-4.77%
	GPN	D	-3.83%
	WEX	D	-3.77%
	PYPL	D	-3.71%

DFNL: Top Represented Industries & Keywords

Industries: Banks - Regional - US Banks - Global Insurance - Property & Casualty Asset Management Credit Services Capital Markets Insurance - Diversified Insurance - Reinsurance Mortgage Finance

Keywords: S&P 500 Bank Banking Cash Management Commercial Banking Insurance Asset Management Services Commercial Bank Insurance Products Investment Management Loan Asset Management Cash Management Services Casualty Insurance Financial Products Institutional Banking Investment Bank Investment Management Services Mortgage Banking Mortgage Broker

BPAY: Top Represented Industries & Keywords

Industries: Business Services Credit Services Capital Markets Software - Infrastructure

Keywords: S&P 500 Payment Systems Credit Card Debit Card E-Commerce Payment Card Payment Solutions Transaction Processing Transaction Processing Services Bank Banking Card Products Deposit Products Electronic Funds Transfer Electronic Funds Transfer Network Global Payments Payment Processing ATM Bank Account Banking Bpo Services