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About Davis Select Financial ETF
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Inception date
Jan 11, 2017
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Davis Selected Advisers LP
Distributor
Foreside Fund Services LLC
ISIN
US23908L1089
DFNL holds a concentrated portfolio of financial services companies of all capitalization, from both developed and emerging markets. The funds active management takes a bottom-up, research-driven approach to the global financial sector. DFNL emphasizes individual security selection and focuses particularly on the quality of a companys management, business model and competitive advantages. The fund manager aims to purchase securities at a discount to intrinsic value, ideally holding these positions for at least five years. DFNLs definition of the financial sector is consistent with the 2016 GICS reclassification, meaning it excludes real estate firms and REITs (but includes mortgage REITs). DFNL launched in January 2017 from issuer Davis, an established asset manager that is new to ETFs.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Finance
Stocks98.25%
Finance94.28%
Technology Services3.96%
Bonds, Cash & Other1.75%
Cash1.75%
Stock breakdown by region
North America76.12%
Europe18.49%
Asia5.39%
Latin America0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
DFNL invests in stocks. The fund's major sectors are Finance, with 94.28% stocks, and Technology Services, with 3.96% of the basket. The assets are mostly located in the North America region.
DFNL top holdings are Capital One Financial Corp and JPMorgan Chase & Co., occupying 9.95% and 6.09% of the portfolio correspondingly.
DFNL last dividends amounted to 0.14 USD. The year before, the issuer paid 0.69 USD in dividends, which shows a 375.80% decrease.
DFNL assets under management is 305.44 M USD. It's fallen 0.01% over the last month.
DFNL fund flows account for 30.94 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, DFNL pays dividends to its holders with the dividend yield of 1.50%. The last dividend (Dec 30, 2024) amounted to 0.83 USD. The dividends are paid annually.
DFNL shares are issued by Davis Selected Advisers LP under the brand Davis. The ETF was launched on Jan 11, 2017, and its management style is Active.
DFNL expense ratio is 0.63% meaning you'd have to pay 0.63% of your investment to help manage the fund.
DFNL follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
DFNL invests in stocks.
DFNL price has risen by 2.02% over the last month, and its yearly performance shows a 24.59% increase. See more dynamics on DFNL price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 0.95% over the last month, showed a 9.34% increase in three-month performance and has increased by 26.46% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 0.95% over the last month, showed a 9.34% increase in three-month performance and has increased by 26.46% in a year.
DFNL trades at a premium (0.23%) meaning the ETF is trading at a higher price than the calculated NAV.