DFNL

Davis Select Financial ETF

The Davis Select Financial ETF is an actively managed portfolio of global financial sector stocks. The fund seeks long-term growth of capital.


Active, Concentrated

MANAGEMENT MATRIX

KBWB

CLOSEST COMP

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorDavis
CategoryUS Equities
Asset classEquity
Websitelink...
Inception dateJan 11, 2017
Assets (mns)$192
Expense ratio63 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsAnnually
Taxation1099
Stock selectionProprietary
WeightingProprietary
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings
CAPITAL ONE FINANCIAL CORP 9.2 %
BERKSHIRE HATHAWAY INC-CL B 7.5 %
JPMORGAN CHASE & CO 6.3 %
MARKEL CORP 5.9 %
CHUBB LIMITED 5.7 %
WELLS FARGO & CO 5.6 %
FIFTH THIRD BANCORP 5.1 %
BANK OF NEW YORK MELLON CORP 5.1 %
US BANCORP 4.7 %
JULIUS BAER GRUPPE AG 4.6 %
Constituent Breakdown
Number of holdings27
Herfindahl-Hirschman Index 497
Wgt avg mkt cap (mns)$168,660
Large cap (>$10bn)98.0%
Mid cap ($2-10bn)0.0%
Small cap (<$2bn)2.0%
Developed mkts.99.3%
Emerging mkts.0.7%
Country Exposure
UNITED STATES 73.5 %
SWITZERLAND 10.3 %
DENMARK 4.5 %
SINGAPORE 3.9 %
BERMUDA 2.7 %
NORWAY 2.0 %
NETHERLANDS 1.0 %
CHINA 0.7 %
Historical Performance


Standardized Annual Returns (as of 04/30/2024)
YTD1 YR2 YR3 YR5 YR10 YRIncep.
0.7% 17.1% 6.9% 3.1% 7.6% -- 8.2%
Market Correlations
versus...BetaR-squared
S&P 5000.8757%
MSCI EAFE0.9967%
MSCI Emg Mkts0.7137%
Liquidity Measures
Avg. volume (000)7
Turnover0.1%
Avg. Bid/Ask (% of price)0.34%
ADV of underlying (mns)$7,967
Technical Indicators
Recent close$34.08
30d moving avg.$28.24
Annualized volatility20.7%
Relative strength (RSI)79
Short interest (ETF)1.3%
Short interest (underlying)1.3%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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Risk and Returns: DFNL vs. Comps (1 YR)

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Results & Estimates
  2019 2020 2021 2022 2023 2024E 2025E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
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Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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Valuation Metrics
  2023 2024E Fwd Est 2025E
Price-to-sales --x --x --x --x
Price-to-earnings --x --x --x --x
Price-to-cash flow --x --x --x --x
Price-to-growth --x --x --x --x
Price-to-book value --x --x --x --x
Yield --% --% --x --%
2.3 11.7 1.3 2.7% --
Based on closing prices from 5/16/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
DFNL



Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.

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ETF Research Center Fund Rating

Our measure of an ETF's overall investment merit

ALTAR Score™

DFNL

6.6%

Cat. Avg

5.7%

Fund Category: US Equities

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™6.6%
Recommendation

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

Category Overview
There are 891 funds in the US Equities category, with an average ALTAR Score™ of 5.7% and a standard deviation of 2.6%. DFNL's ALTAR Score™ is approximately 0.4 standard deviations above the category average. This places DFNL in the 64th percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Composite
DFNL
Peer Average
SELL
U/W
HOLD
O/W
BUY



Recent Trends


Breakdown

 

Market Activity
Latest price
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Volume
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Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
DFNL 63.0 33.5 96.5
Peer Avg. -- -- --
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .