DFNL vs. DWLD ETF Comparison

Comparison of Davis Select Financial ETF (DFNL) to Davis Select Worldwide ETF (DWLD)

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

$40.21

Average Daily Volume

9,031

Number of Holdings ^*

* may have additional holdings in another (foreign) market

DWLD

Davis Select Worldwide ETF

DWLD Description

The investment seeks long-term growth of capital. The fund's investment adviser, uses the Davis Investment Discipline to invest the fund's portfolio principally in common stocks issued by both United States and foreign companies, including countries with developed or emerging markets. It will invest significantly in issuers (i) organized or located outside of the U.S.; (ii) whose primary trading market is located outside the U.S.; or (iii) doing a substantial amount of business outside the U.S., which the adviser considers to be a company that derives at least 50% of its revenue from business outside the U.S. or has at least 50% of its assets outside the U.S.

Grade (RS Rating)

Last Trade

$38.39

Average Daily Volume

9,384

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	DFNL	DWLD
30 Days	5.93%	0.92%
60 Days	9.40%	9.17%
90 Days	11.08%	11.45%
12 Months	43.54%	33.86%

4 Overlapping Holdings

Symbol	Grade	Weight in DFNL	Weight in DWLD	Overlap
BRK.A	B	6.87%	3.94%	3.94%
COF	C	9.7%	5.11%	5.11%
MKL	A	5.29%	4.11%	4.11%
WFC	A	5.89%	0.68%	0.68%

DFNL Overweight 17 Positions Relative to DWLD

Symbol	Grade	Weight
JPM	A	6.48%
BK	A	5.59%
FITB	B	5.48%
CB	C	5.15%
USB	A	4.96%
PNC	B	4.92%
AXP	A	3.91%
L	A	3.07%
TFC	A	2.82%
BAC	A	2.55%
RNR	C	2.13%
RKT	F	2.13%
MTB	A	1.77%
NTB	B	1.6%
STT	B	1.5%
SCHW	B	1.23%
EG	C	0.92%

DFNL Underweight 21 Positions Relative to DWLD

Symbol	Grade	Weight
META	D	-6.3%
MGM	D	-4.53%
TCOM	B	-4.32%
AMZN	C	-3.09%
VTRS	A	-2.8%
SOLV	D	-2.66%
GOOG	C	-2.58%
HUM	C	-2.43%
PDD	F	-1.96%
CVS	D	-1.84%
CI	D	-1.62%
SE	A	-1.43%
AMAT	F	-1.31%
BEKE	D	-1.31%
TSN	B	-0.97%
CPNG	D	-0.84%
AGCO	D	-0.82%
DGX	A	-0.79%
IAC	F	-0.62%
YOU	D	-0.34%
NOAH	D	-0.32%