DUSA vs. DFNL ETF Comparison

Comparison of Davis Select U.S. Equity ETF (DUSA) to Davis Select Financial ETF (DFNL)

DUSA

Davis Select U.S. Equity ETF

DUSA Description

The investment seeks long-term capital growth and capital preservation. Under normal market conditions, the fund will invest at least 80% of its net assets plus any borrowings for investment purposes in equity securities issued by U.S. companies. The fund's portfolio, generally, contains between 15 and 35 companies. It may invest a portion of its assets in financial services companies. The fund may also invest in mid- and small-capitalization companies, which the manager considers to be those companies with less than $10 billion in market capitalization. It may invest up to 20% of net assets in non-U.S. companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$43.42

Average Daily Volume

23,536

Number of Holdings ^*

* may have additional holdings in another (foreign) market

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

$40.04

Average Daily Volume

9,046

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	DUSA	DFNL
30 Days	3.01%	4.64%
60 Days	7.53%	10.90%
90 Days	7.62%	13.52%
12 Months	30.39%	43.36%

8 Overlapping Holdings

Symbol	Grade	Weight in DUSA	Weight in DFNL	Overlap
AXP	A	1.17%	3.98%	1.17%
BK	A	2.58%	5.58%	2.58%
BRK.A	A	8.45%	6.79%	6.79%
COF	A	11.29%	10.07%	10.07%
JPM	A	1.76%	6.32%	1.76%
MKL	A	4.51%	5.11%	4.51%
USB	B	4.43%	5.0%	4.43%
WFC	A	4.76%	5.76%	4.76%

DUSA Overweight 17 Positions Relative to DFNL

Symbol	Grade	Weight
META	C	10.53%
AMZN	B	6.58%
VTRS	A	4.72%
MGM	D	4.62%
GOOG	B	4.51%
HUM	F	3.67%
CI	D	3.58%
AMAT	F	3.43%
OC	A	3.2%
DGX	A	2.89%
CVS	F	1.9%
COP	C	1.83%
SOLV	C	1.59%
INTC	C	1.43%
TXN	C	1.05%
TSN	A	0.89%
AGCO	D	0.89%

DUSA Underweight 13 Positions Relative to DFNL

Symbol	Grade	Weight
FITB	A	-5.52%
CB	C	-4.99%
PNC	A	-4.98%
L	A	-3.0%
TFC	A	-2.77%
BAC	A	-2.49%
RKT	F	-2.47%
RNR	D	-2.13%
MTB	A	-1.75%
NTB	B	-1.62%
STT	A	-1.49%
SCHW	A	-1.17%
EG	D	-0.9%