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Market Overview

Davis Advisors Celebrates One Year Anniversary of Davis Actively Managed Equity ETFs


Davis Advisors announced today that its suite of three actively-managed
exchange traded funds (ETFs), reached their one year anniversary on
January 11, 2018. Davis Select U.S. Equity ETF (DUSA), Davis Select
Financial ETF (DFNL), and Davis Select Worldwide ETF (DWLD)
have more than $100M in AUM and together have more than $375M in assets.1

Each ETF utilizes the Davis Investment Discipline and fundamental
bottom-up approach, and is a high-conviction, benchmark-agnostic
portfolio using our best ideas based on market segments that Davis
Advisors has decades of experience investing in. They constitute Davis
Advisors' first ETF offerings and are among the first true
actively-managed equity ETFs in the industry. The ETFs have low expected
portfolio turnover and a strategic long-term time investment horizon.
Davis ETFs offer investors the traditional benefits of ETFs in general,
which include low costs, tax efficiency, intraday liquidity, and

"We're delighted to celebrate the one year anniversary of the Davis
ETFs: some of the first investment solutions that provide actively
managed equity exposure in a traditional ETF wrapper," said Chris Davis,
Portfolio Manager and Chairman. "We look forward to their continued
growth as more and more investors see the value in a differentiated
combination of active stock selection and Davis Advisors' proven
time-tested investment discipline offered with the benefits of an ETF."

DUSA is a portfolio of U.S., large-cap businesses, managed by
Chris Davis and Danton Goei. It has about 20 holdings and an expense
ratio of 0.65%.3 DUSA may serve as an attractive core holding
to provide investors with exposure to U.S. large-cap companies that we
believe to be best-of-breed, or as a complement to passive,
index-oriented strategies, potentially enhancing returns.

DFNL is a portfolio of financial companies that we believe to be
best-of-breed, managed by Chris Davis. It has about 20 holdings and an
expense ratio of 0.65%.3 Mr. Davis commented, "The financial
sector is one of the most attractive areas in today's market; however,
it is vast and inefficient, so we believe selectivity and experienced
active management are key to outperformance." Davis Advisors has managed
financial stock portfolios for more than 25 years.

DWLD is a portfolio of businesses that we believe to be
best-of-breed in the U.S. and abroad managed by Danton Goei. It has
about 40 holdings and an expense ratio of 0.65%.3 As roughly
75% of the world's publicly traded companies lie outside of the U.S.,
DWLD seeks to provide investors with diversification and access to
attractive businesses around the world. Davis Advisors has decades of
experience investing in international equities.

To find out more about Davis ETFs, visit:

About Davis Advisors

Davis Advisors is an independent, employee-owned investment management
firm founded in 1969 with more than $29 billion in assets under
management as of December 31 2017. Since our founding more than 45 years
ago, our mission has been to serve our shareholders and to do so with
high integrity. We have an unrivaled alignment of interests, with over
$2 billion invested by Davis Advisors, the Davis family and Foundation,
our employees, and Fund directors side-by-side with clients in similarly
managed accounts and strategies as of December 31, 2017.

This press release is for media use only. Before investing in the
Davis Fundamental ETF Trust, you should carefully consider the
investment objectives, risks, charges, and expenses of the Funds. The
prospectus and summary prospectus contains this and other information
about the Funds. You can obtain performance information and a current
prospectus and summary prospectus by visiting
or calling 800-279-0279. Please read the prospectus or summary
prospectus carefully before investing or sending money. Investing
involves risks including possible loss of principal.

Shares of Davis Fundamental ETF Trust are bought and sold at market
price (not NAV) and are not individually redeemed from the ETF. There
can be no guarantee that an active trading market for ETF shares will
develop or be maintained, or that their listing will continue or remain
unchanged. Buying or selling ETF shares on an exchange may require the
payment of brokerage commissions and frequent trading may incur
brokerage costs that detract significantly from investment returns.

Objective and Risks. Davis Select U.S. Equity ETF's investment
objective is long-term capital growth and capital preservation. The Fund
invests primarily in equity securities issued by large companies with
market capitalizations of at least $10 billion. Davis Select Worldwide
ETF's investment objective is long-term growth of capital. Davis Select
Financial ETF's investment objective is long-term growth of capital.
Under normal circumstances the Fund invests at least 80% of its net
assets, plus any borrowing for investment purposes, in securities issued
by companies principally engaged in the financial services sector. There
can be no assurance that the Funds will achieve their objectives. An
investment in Davis ETFs is subject to numerous risks, including
possible loss of principal. The Funds are actively managed and do not
seek to replicate a specified index. The Fund is subject to the
following principal risks: authorized participant concentration risk,
common stock risk, depositary receipts risk, exchange-traded fund risk,
fees and expenses risk, financial services risk, focused portfolio risk,
foreign country risk, foreign currency risk, headline risk, intraday
indicative value risk, large-capitalization companies risk, manager
risk, market trading risk, mid- and small-capitalization companies risk,
and stock market risk. See the prospectus for a complete description of
the principal risks.

Diversification does not ensure a profit or protect against a loss.

Shares of the Davis Fundamental ETF Trust are not deposits or
obligations of any bank, are not guaranteed by any bank, are not insured
by the FDIC or any other agency, and involve investment risks, including
possible loss of the principal amount invested.

Foreside Fund Services, LLC, 800-279-0279,

1 The Adviser has made
significant investments in each of the Davis ETFs and owns more than 50%
of the outstanding shares of Davis Select US Equity ETF.
ETFs are subject to commission costs each time a buy or sell is
executed. Depending on the amount of trading activity, the low costs of
ETFs may be outweighed by commissions and related trading costs.
Davis Selected Advisers, L.P. has contractually agreed to waive fees
and/or reimburse the Funds' expenses to the extent necessary to cap
total annual fund operating expenses as shown until March 1, 2019. After
that date, there is no assurance that the Adviser will continue to cap
expenses. Prior to the cap the expense ratios were: DUSA: 0.81%; DFNL:
0.76%; and DWLD: 0.86%. The expense cap cannot be terminated prior to
that date, without the consent of the Board of Trustees.

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