Davis Select Financial ETF

Frequently Asked Questions About DFNL

What does DFNL invest in?

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.

What is the expense ratio of DFNL?

Davis Select Financial ETF (DFNL) charges an expense ratio of 0.63%. This is the annual fee deducted from fund assets to cover management and operations.

How big is DFNL?

Davis Select Financial ETF (DFNL) manages $300.5M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is DFNL actively managed or an index fund?

DFNL's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was DFNL launched?

Davis Select Financial ETF (DFNL) launched in January 2017 and is managed by Davis.

How has DFNL performed?

DFNL's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.