ETF overview
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.
Fund facts
- Expense ratio
- 0.61%
- Fund assets
- 450.49M USD (all share classes)
- Issuer
- Davis
- Inception date
- Jan 11, 2017
- Number of holdings
- 31
Breakdown
Holdings (31)
| Name | Ticker | Weight |
|---|---|---|
| Capital One Financial Corp. | COF | 10.57% |
| U.S. Bancorp | USB | 6.37% |
| Markel Group Inc. | MKL | 5.99% |
| Berkshire Hathaway Inc., Class B | BRK-B | 5.79% |
| Fifth Third Bancorp | FITB | 5.70% |
| Wells Fargo & Co. | WFC | 5.04% |
| Chubb Ltd. | CB | 4.79% |
| JPMorgan Chase & Co. | JPM | 4.61% |
| Julius Baer Group Ltd. | 4.40% | |
| PNC Financial Services Group, Inc. | PNC | 4.27% |
| and 18 more | ||
Similar ETFs
- Invesco KBW Bank ETFKBWB · Overlap 36% · Expense ratio 0.35%
Overlap is the share of assets the two funds hold in common.
Historical returns do not guarantee future returns. This is not investment advice.
- Expense ratio
- 0.61%
- Fund assets
- 450.49M USD (all share classes)
- Issuer
- Davis
- Inception date
- Jan 11, 2017
- Number of holdings
- 31
| Name | Ticker | Weight |
|---|---|---|
| Capital One Financial Corp. | COF | 10.57% |
| U.S. Bancorp | USB | 6.37% |
| Markel Group Inc. | MKL | 5.99% |
| Berkshire Hathaway Inc., Class B | BRK-B | 5.79% |
| Fifth Third Bancorp | FITB | 5.70% |
| Wells Fargo & Co. | WFC | 5.04% |
| Chubb Ltd. | CB | 4.79% |
| JPMorgan Chase & Co. | JPM | 4.61% |
| Julius Baer Group Ltd. | 4.40% | |
| PNC Financial Services Group, Inc. | PNC | 4.27% |
| and 18 more | ||
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.
- Invesco KBW Bank ETFKBWB · Overlap 36% · Expense ratio 0.35%
Overlap is the share of assets the two funds hold in common.
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