DFNL vs. ECNS ETF Comparison

Comparison of Davis Select Financial ETF (DFNL) to iShares MSCI China Small-Cap ETF (ECNS)

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

$32.58

Average Daily Volume

9,800

Number of Holdings ^*

* may have additional holdings in another (foreign) market

ECNS

iShares MSCI China Small-Cap ETF

ECNS Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI China Small Cap Index. The fund will at all times invest at least 90% of its assets in the securities of the underlying index or in depositary receipts representing securities in its underlying index. The underlying index is a free float-adjusted market capitalization-weighted index designed to measure the performance of equity securities in the bottom 14% by market capitalization of the Chinese equity securities markets, as represented by the H-Shares and B-Shares markets. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$24.42

Average Daily Volume

14,802

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	DFNL	ECNS
30 Days	-1.45%	3.08%
60 Days	5.34%	2.22%
90 Days	5.61%	7.43%
12 Months	24.45%	-22.23%

0 Overlapping Holdings

	Symbol	Grade	Weight in DFNL	Weight in ECNS	Overlap

DFNL Overweight 20 Positions Relative to ECNS

Symbol	Grade	Weight
COF	A	9.43%
BRK.A	D	7.53%
JPM	B	6.3%
WFC	A	5.96%
MKL	D	5.76%
CB	D	5.65%
FITB	A	5.19%
BK	A	5.12%
USB	C	4.64%
AXP	A	4.59%
PNC	A	4.52%
L	C	3.4%
TFC	A	2.75%
BAC	A	2.46%
RKT	C	2.31%
NTB	A	1.64%
MTB	A	1.46%
STT	B	1.45%
SCHW	A	1.41%
EG	D	1.12%

DFNL Underweight 18 Positions Relative to ECNS

Symbol	Grade	Weight
YY	B	-1.26%
DQ	F	-1.07%
RLX	B	-1.05%
JKS	D	-0.99%
LU	A	-0.89%
GDS	D	-0.85%
MOMO	D	-0.81%
WB	D	-0.67%
FINV	B	-0.65%
NOAH	B	-0.48%
HUYA	B	-0.39%
TUYA	D	-0.39%
TIGR	D	-0.29%
ZH	D	-0.2%
VNET	F	-0.15%
CAN	F	-0.15%
DADA	F	-0.13%
TME	A	-0.0%