DFNL vs. JPEF ETF Comparison

Comparison of Davis Select Financial ETF (DFNL) to JPMorgan Equity Focus ETF (JPEF)

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

$32.52

Average Daily Volume

8,990

Number of Holdings ^*

* may have additional holdings in another (foreign) market

JPEF

JPMorgan Equity Focus ETF

JPEF Description

Under normal circumstances, the fund invests at least 80% of its assets in equity securities. "Assets" means net assets, plus the amount of borrowings for investment purposes. In implementing its main strategies, the fund invests primarily in common stocks and real estate investment trusts (REITs), but it may also invest up to 20% of its total assets in common stocks of foreign companies, including depositary receipts.

Grade (RS Rating)

Last Trade

$56.90

Average Daily Volume

55,931

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	DFNL	JPEF
30 Days	-1.52%	-4.51%
60 Days	3.50%	-2.42%
90 Days	7.16%	3.91%
12 Months	26.14%

3 Overlapping Holdings

Symbol	Grade	Weight in DFNL	Weight in JPEF	Overlap
BRK.A	C	7.33%	2.88%	2.88%
COF	A	9.63%	2.9%	2.9%
L	A	3.4%	3.0%	3.0%

DFNL Overweight 17 Positions Relative to JPEF

Symbol	Grade	Weight
JPM	A	6.47%
WFC	A	5.97%
MKL	B	5.59%
CB	B	5.45%
FITB	A	5.36%
BK	A	5.14%
AXP	A	4.78%
USB	C	4.6%
PNC	A	4.58%
TFC	A	2.8%
BAC	A	2.53%
RKT	C	2.37%
NTB	A	1.78%
MTB	A	1.48%
STT	C	1.4%
SCHW	A	1.39%
EG	D	1.1%

DFNL Underweight 7 Positions Relative to JPEF

Symbol	Grade	Weight
MSFT	C	-7.72%
AMZN	B	-5.79%
NVDA	C	-5.52%
META	D	-4.95%
EOG	B	-3.0%
MA	D	-2.8%
WY	D	-2.77%