DFNL vs. KIE ETF Comparison

Comparison of Davis Select Financial ETF (DFNL) to SPDR S&P Insurance ETF (KIE)

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

$37.57

Average Daily Volume

8,024

Number of Holdings ^*

* may have additional holdings in another (foreign) market

KIE

SPDR S&P Insurance ETF

KIE Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index that tracks the performance of publicly traded companies in the insurance industry. In seeking to track the performance of the S&P Insurance Select Industry Index (the "index"), the fund employs a replication strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index represents the insurance industry group of the S&P Total Market Index ("S&P TMI"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$55.81

Average Daily Volume

1,052,000

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	DFNL	KIE
30 Days	3.21%	-1.67%
60 Days	2.28%	-0.87%
90 Days	10.99%	5.49%
12 Months	41.57%	31.41%

1 Overlapping Holdings

	Symbol	Grade	Weight in DFNL	Weight in KIE	Overlap
	RNR	C	2.32%	2.05%	2.05%

DFNL Overweight 20 Positions Relative to KIE

Symbol	Grade	Weight
COF	A	8.59%
BRK.A	D	7.04%
JPM	A	6.29%
BK	B	5.75%
CB	C	5.54%
WFC	B	5.49%
FITB	B	5.45%
MKL	D	5.17%
USB	B	5.02%
PNC	B	4.75%
AXP	A	3.88%
L	C	3.09%
RKT	D	2.77%
TFC	C	2.74%
BAC	B	2.44%
NTB	C	1.71%
MTB	B	1.68%
STT	A	1.5%
SCHW	B	1.15%
EG	F	1.0%

DFNL Underweight 9 Positions Relative to KIE

Symbol	Grade	Weight
UNM	A	-2.1%
MET	C	-2.1%
LNC	A	-2.08%
CNO	A	-2.06%
BHF	B	-2.05%
PFG	C	-2.05%
PRI	B	-2.02%
PRU	B	-2.02%
ERIE	D	-2.01%

KIE: Top Represented Industries & Keywords

Industries: Insurance - Life Insurance - Reinsurance Insurance Brokers