DFNL vs. GSIB ETF Comparison

Comparison of Davis Select Financial ETF (DFNL) to Themes Global Systemically Important Banks ETF (GSIB)

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

$39.87

Average Daily Volume

8,289

Number of Holdings ^*

* may have additional holdings in another (foreign) market

GSIB

Themes Global Systemically Important Banks ETF

GSIB Description

The fund is an actively managed exchange-traded fund ("ETF") that will invest in the equity securities of companies that operate in the global banking sector. Under normal circumstances, the fund will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in securities that are part of the global banking sector and in American Depositary Receipts ("ADRs") and Global Depositary Receipts ("GDRs") that represent such companies in the banking sector. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$33.05

Average Daily Volume

2,538

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	DFNL	GSIB
30 Days	5.29%	3.86%
60 Days	11.83%	9.46%
90 Days	13.04%	9.10%
12 Months	42.49%

5 Overlapping Holdings

Symbol	Grade	Weight in DFNL	Weight in GSIB	Overlap
BAC	A	2.49%	3.74%	2.49%
BK	B	5.58%	4.13%	4.13%
JPM	A	6.32%	3.72%	3.72%
STT	B	1.49%	4.08%	1.49%
WFC	A	5.76%	4.31%	4.31%

DFNL Overweight 16 Positions Relative to GSIB

Symbol	Grade	Weight
COF	B	10.07%
BRK.A	B	6.79%
FITB	A	5.52%
MKL	A	5.11%
USB	B	5.0%
CB	C	4.99%
PNC	B	4.98%
AXP	B	3.98%
L	A	3.0%
TFC	B	2.77%
RKT	F	2.47%
RNR	D	2.13%
MTB	A	1.75%
NTB	B	1.62%
SCHW	B	1.17%
EG	D	0.9%

DFNL Underweight 11 Positions Relative to GSIB

Symbol	Grade	Weight
MS	A	-4.29%
GS	B	-3.99%
C	B	-3.73%
MUFG	A	-3.7%
MFG	A	-3.69%
BCS	B	-3.61%
SMFG	A	-3.59%
HSBC	B	-3.29%
SAN	D	-3.0%
TD	D	-2.89%
ING	F	-2.77%