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ETFs

Davis Select Financial ETF

DFNL
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jan 11 2017
Expense Ratio
0.63%
Type
Global Equities
Fund Owner
Davis Advisors
Volume (1m avg. daily)
$153,495
AUM
$160,084,401
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

BRK/B
Berkshire Hathaway Inc. - Ordinary Shares - Class B
8.11%
COF
Capital One Financial Corp.
7.16%
MKL
Markel Group Inc
6.70%
BAER
Julius Baer Group Ltd - Registered Shares
6.22%
JPM
JPMorgan Chase & Co.
5.92%
CB
Chubb Limited
5.88%
WFC
Wells Fargo & Co.
5.11%
BK
Bank Of New York Mellon Corp
4.78%
DEVL
DBS Group Holdings Ltd
4.67%
FITB
Fifth Third Bancorp
4.66%
Invest with DFNL

What is DFNL?

The Fund is an actively managed exchange-traded fund ( ETF ). Davis Selected Advisers, L.P. ( Davis Advisors or the Adviser ), the Fund s investment adviser, uses the Davis Investment Discipline to invest, under normal market conditions, at least 80% of the Fund s net assets plus any borrowings for investment purposes in securities issued by companies principally engaged in the financial services sector. The Fund is non-diversified and, therefore, is allowed to focus its investments in fewer companies than a fund that is required to diversify its portfolio. The Fund s portfolio generally contains between 15 and 35 companies, although the precise number of its investments will vary over time. The Fund invests, principally, in common stocks (including indirect holdings of common stock through depositary receipts). 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. These non-U.S. company investments may include American Depositary Receipts ( ADRs ) and Global Depositary Receipts ( GDRs and together Depositary Receipts ). Depositary Receipts are receipts that represent ownership of shares of a non-U.S. issuer held in trust by a bank or similar financial institution.

ETFs related toDFNL

ETFs correlated to DFNL include IYF, FNCL, VFH

DFNL
Davis Selected Advisers L.P - Davis Select Financial ETF
IYF
BlackRock Institutional Trust Company N.A. - iShares U.S. Financials ETF
FNCL
Fidelity Covington Trust - Fidelity MSCI Financials Index ETF
VFH
Vanguard Group, Inc. - Vanguard Financials ETF
FAS
Direxion Shares ETF Trust - Direxion Daily Financial Bull 3x Shares
XLF
SSgA Active Trust - Financial Select Sector SPDR
IYG
BlackRock Institutional Trust Company N.A. - iShares U.S. Financial Services ETF
BNKU
Bank of Montreal - MicroSectorsTM U.S. Big Banks Index 3X Leveraged ETNs
KBWB
Invesco Capital Management LLC - Invesco KBW Bank ETF
FXO
First Trust Exchange-Traded Fund III - First Trust Financials AlphaDEX Fund
RDVY
First Trust Exchange-Traded Fund III - First Trust Rising Dividend Achievers ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toDFNL

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Risk Rating

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Create your own algorithmic trading strategy with DFNL using Composer

FAQ

DFNL is a Global Equities ETF. The Fund is an actively managed exchange-traded fund ( ETF ). Davis Selected Advisers, L.P. ( Davis Advisors or the Adviser ), the Fund s investment adviser, uses the Davis Investment Discipline to invest, under normal market conditions, at least 80% of the Fund s net assets plus any borrowings for investment purposes in securities issued by companies principally engaged in the financial services sector. The Fund is non-diversified and, therefore, is allowed to focus its investments in fewer companies than a fund that is required to diversify its portfolio. The Fund s portfolio generally contains between 15 and 35 companies, although the precise number of its investments will vary over time. The Fund invests, principally, in common stocks (including indirect holdings of common stock through depositary receipts). 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. These non-U.S. company investments may include American Depositary Receipts ( ADRs ) and Global Depositary Receipts ( GDRs and together Depositary Receipts ). Depositary Receipts are receipts that represent ownership of shares of a non-U.S. issuer held in trust by a bank or similar financial institution.

Yes, DFNL is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, DFNL is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on DFNL is -0.0061%. This is the percent change in the value of DFNL over the most recent 1-month period. The 3-month return on DFNL is 0.0297%. This is the percent change in the value of DFNL over the most recent 3-month period.

The standard deviation of DFNL for the past year is 0.2082%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to DFNL include IXJ, SMH, and URA.

ETFs correlated to DFNL include IYF, FNCL, and VFH.

ETFs that are inversely correlated to DFNL include FAZ, BNKD, and TZA.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.