Davis Funds Plans Next ETF

Davis Funds Plans Next ETF

Proposed actively managed fund will focus primarily on non-U.S. exposure.

Reviewed by: etf.com Staff
Edited by: etf.com Staff

Davis Funds has filed for a fourth actively managed ETF.

The Davis Select International ETF (DINT), like the firm’s three other ETFs, will be managed using the proprietary Davis Investment Discipline.

DINT will come with an expense ratio of 0.75% and is set to list on the Nasdaq stock exchange.


The fund can invest in companies and securities such as depositary receipts from any size segment that offer exposure to non-U.S. developed and emerging market securities.

However, the portfolio can include U.S.-listed companies if their primary trading market is located outside the U.S., or the firm derives half of its revenues from foreign sources or has half its assets located outside the country. Typically, the prospectus says, the fund will include securities representing at least three different countries.

Davis’ investment approach is based on identifying companies with proven management, a durable franchise and sustainable competitive advantages, according to the document. The firm believes such companies have greater ability to generate long-term value.

Davis rolled out its first three ETFs at the start of the year, and the funds have accumulated more than $300 million in assets under management. The largest is the Davis Select Worldwide ETF (DWLD), with $125.7 million, while the Davis Select Financial ETF (DFNL) has $104.2 million.

Contact Heather Bell at [email protected]

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