Davis Select Financial ETF (DFNL): ETF
ETF traded on BATS under symbol DFNL. Quoted in usd.
Davis Select Financial ETF
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.
Largest holdings
- COF Capital One Financial Corp.10.35%
- USB U.S. Bancorp6.45%
- MKL Markel Group Inc.6.14%
- BRK-B Berkshire Hathaway Inc., Class B6.06%
- FITB Fifth Third Bancorp5.79%
- WFC Wells Fargo & Co.5.00%
- CB Chubb Ltd.4.79%
- JPM JPMorgan Chase & Co.4.43%
- PNC PNC Financial Services Group, Inc.4.32%
- Julius Baer Group Ltd.4.12%
30d
14.76K
60d
24.36K
90d
22.15K