Fund Overview

  • Seeks high-conviction, best-of-breed businesses outside the U.S.
  • Benchmark-agnostic. Seeks to outperform the index, not mirror it
  • Low expected turnover and a strategic, long term time horizon
  • Traditional benefits of ETFs: Low cost, tax efficient, intra-day liquidity and transparent 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.

Selective, Attractive Growth, Undervalued The Attractive Growth and Undervalued reference in this piece relates to underlying characteristics of the portfolio holdings. There is no guarantee that Fund performance will be positive as equity markets are volatile and an investor may lose money. as of 09/30/22

Fund
Selective Holdings The number of holdings in the Fund excluding cash positions and derivatives such as futures and currency forwards. 27
Attractive Growth EPS Growth (5 Year) This figure represents the annualized rate of net-income-per-share growth over the trailing five-year period for the stocks held by the Fund. 9.9%
Undervalued P/E (Forward) Forward price to earnings (forward P/E) is a measure of the price-to-earnings (P/E) ratio using forecasted earnings for the P/E calculation. 8.5x

Returns

  YTD 1 Yr 3 Yr 5 Yr Since Incept.
Total Return Represents changes to the NAV and accounts for distributions from the Fund. -25.56% -28.12% -5.40% -- -5.39%
Market Price Returns are generally calculated using closing price and account for distributions from the Fund. -25.60% -28.00% -5.43% -- -5.41%
MSCI ACWI ex-U.S. The MSCI ACWI® (All Country World Index) ex U.S. is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed and emerging markets, excluding the United States. The Index includes reinvestment of dividends, net of foreign withholding taxes. Investments cannot be made directly in an index. -24.31% -24.73% -1.68% -- -1.18%
After Tax Pre-Liquidation After-tax returns for ETFs are calculated using the tax liability implied by each ETF's declared distributions. However, the exact tax characteristics of many distributions are not known until after the close of the calendar year. For Davis Fundamental ETF Trust, conservative estimates are used based on fund history until final amounts become available. -25.56% -28.43% -5.72% -- -5.61%
After Tax Post-Liquidation After-tax returns for ETFs are calculated using the tax liability implied by each ETF's declared distributions. However, the exact tax characteristics of many distributions are not known until after the close of the calendar year. For Davis Fundamental ETF Trust, conservative estimates are used based on fund history until final amounts become available. -15.13% -16.17% -3.89% -- -3.89%

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. NAV and market price returns assume that all distributions were reinvested at NAV. Current performance may be lower or higher than the performance quoted. Since 3/1/18 Inception. Periods less than one year are not annualized. It is not possible to invest directly in an index.

  YTD 1 Yr 3 Yr 5 Yr Since Incept.
Total Return Represents changes to the NAV and accounts for distributions from the Fund. -23.24% -22.82% -3.42% -- -4.85%
Market Price Returns are generally calculated using closing price and account for distributions from the Fund. -23.33% -22.75% -3.51% -- -4.88%
MSCI ACWI ex-U.S. The MSCI ACWI® (All Country World Index) ex U.S. is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed and emerging markets, excluding the United States. The Index includes reinvestment of dividends, net of foreign withholding taxes. Investments cannot be made directly in an index. -26.50% -25.17% -1.52% -- -1.83%
After Tax Pre-Liquidation After-tax returns for ETFs are calculated using the tax liability implied by each ETF's declared distributions. However, the exact tax characteristics of many distributions are not known until after the close of the calendar year. For Davis Fundamental ETF Trust, conservative estimates are used based on fund history until final amounts become available. -23.24% -23.15% -3.74% -- -5.07%
After Tax Post-Liquidation After-tax returns for ETFs are calculated using the tax liability implied by each ETF's declared distributions. However, the exact tax characteristics of many distributions are not known until after the close of the calendar year. For Davis Fundamental ETF Trust, conservative estimates are used based on fund history until final amounts become available. -13.76% -13.02% -2.42% -- -3.51%

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. NAV and market price returns assume that all distributions were reinvested at NAV. Current performance may be lower or higher than the performance quoted. Since 3/1/18 Inception. Periods less than one year are not annualized. It is not possible to invest directly in an index.

  YTD 1 Yr 3 Yr 5 Yr Since Incept.
Total Return Represents changes to the NAV and accounts for distributions from the Fund. -14.39% -16.71% 0.48% -- -2.60%
Market Price Returns are generally calculated using closing price and account for distributions from the Fund. -14.69% -16.88% 0.39% -- -2.69%
MSCI ACWI ex-U.S. The MSCI ACWI® (All Country World Index) ex U.S. is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed and emerging markets, excluding the United States. The Index includes reinvestment of dividends, net of foreign withholding taxes. Investments cannot be made directly in an index. -18.34% -19.52% 2.86% -- 0.45%
After Tax Pre-Liquidation After-tax returns for ETFs are calculated using the tax liability implied by each ETF's declared distributions. However, the exact tax characteristics of many distributions are not known until after the close of the calendar year. For Davis Fundamental ETF Trust, conservative estimates are used based on fund history until final amounts become available. -14.39% -17.07% 0.14% -- -2.84%
After Tax Post-Liquidation After-tax returns for ETFs are calculated using the tax liability implied by each ETF's declared distributions. However, the exact tax characteristics of many distributions are not known until after the close of the calendar year. For Davis Fundamental ETF Trust, conservative estimates are used based on fund history until final amounts become available. -8.52% -9.44% 0.48% -- -1.89%

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. NAV and market price returns assume that all distributions were reinvested at NAV. Current performance may be lower or higher than the performance quoted. Since 3/1/18 Inception. Periods less than one year are not annualized. It is not possible to invest directly in an index.

  YTD 1 Yr 3 Yr 5 Yr Since Incept.
Total Return Represents changes to the NAV and accounts for distributions from the Fund. -15.04% -15.04% 10.56% -- 0.96%
Market Price Returns are generally calculated using closing price and account for distributions from the Fund. -14.92% -14.92% 10.56% -- 0.94%
MSCI ACWI ex-U.S. The MSCI ACWI® (All Country World Index) ex U.S. is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed and emerging markets, excluding the United States. The Index includes reinvestment of dividends, net of foreign withholding taxes. Investments cannot be made directly in an index. 7.82% 7.82% 13.17% -- 5.98%
After Tax Pre-Liquidation After-tax returns for ETFs are calculated using the tax liability implied by each ETF's declared distributions. However, the exact tax characteristics of many distributions are not known until after the close of the calendar year. For Davis Fundamental ETF Trust, conservative estimates are used based on fund history until final amounts become available. -15.41% -15.41% 10.19% -- 0.67%
After Tax Post-Liquidation After-tax returns for ETFs are calculated using the tax liability implied by each ETF's declared distributions. However, the exact tax characteristics of many distributions are not known until after the close of the calendar year. For Davis Fundamental ETF Trust, conservative estimates are used based on fund history until final amounts become available. -8.54% -8.54% 8.28% -- 0.77%

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. NAV and market price returns assume that all distributions were reinvested at NAV. Current performance may be lower or higher than the performance quoted. Since 3/1/18 Inception. Periods less than one year are not annualized. It is not possible to invest directly in an index.

  YTD 1 Yr 3 Yr 5 Yr Since Incept.
Total Return Represents changes to the NAV and accounts for distributions from the Fund. 23.31% 23.31% -- -- 7.28%
Market Price Returns are generally calculated using closing price and account for distributions from the Fund. 22.78% 22.78% -- -- 7.21%
MSCI ACWI ex-U.S. The MSCI ACWI® (All Country World Index) ex U.S. is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed and emerging markets, excluding the United States. The Index includes reinvestment of dividends, net of foreign withholding taxes. Investments cannot be made directly in an index. 10.65% 10.65% -- -- 5.34%
After Tax Pre-Liquidation After-tax returns for ETFs are calculated using the tax liability implied by each ETF's declared distributions. However, the exact tax characteristics of many distributions are not known until after the close of the calendar year. For Davis Fundamental ETF Trust, conservative estimates are used based on fund history until final amounts become available. 23.23% 23.23% -- -- 7.03%
After Tax Post-Liquidation After-tax returns for ETFs are calculated using the tax liability implied by each ETF's declared distributions. However, the exact tax characteristics of many distributions are not known until after the close of the calendar year. For Davis Fundamental ETF Trust, conservative estimates are used based on fund history until final amounts become available. 13.86% 13.86% -- -- 5.62%

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. NAV and market price returns assume that all distributions were reinvested at NAV. Current performance may be lower or higher than the performance quoted. Since 3/1/18 Inception. Periods less than one year are not annualized. It is not possible to invest directly in an index.

  YTD 1 Yr 3 Yr 5 Yr Since Incept.
Total Return Represents changes to the NAV and accounts for distributions from the Fund. 29.03% 29.03% -- -- -0.54%
Market Price Returns are generally calculated using closing price and account for distributions from the Fund. 29.36% 29.36% -- -- -0.41%
MSCI ACWI ex-U.S. The MSCI ACWI® (All Country World Index) ex U.S. is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed and emerging markets, excluding the United States. The Index includes reinvestment of dividends, net of foreign withholding taxes. Investments cannot be made directly in an index. 21.51% 21.51% -- -- 2.56%
After Tax Pre-Liquidation After-tax returns for ETFs are calculated using the tax liability implied by each ETF's declared distributions. However, the exact tax characteristics of many distributions are not known until after the close of the calendar year. For Davis Fundamental ETF Trust, conservative estimates are used based on fund history until final amounts become available. 28.34% 28.34% -- -- -0.87%
After Tax Post-Liquidation After-tax returns for ETFs are calculated using the tax liability implied by each ETF's declared distributions. However, the exact tax characteristics of many distributions are not known until after the close of the calendar year. For Davis Fundamental ETF Trust, conservative estimates are used based on fund history until final amounts become available. 17.82% 17.82% -- -- -0.38%

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. NAV and market price returns assume that all distributions were reinvested at NAV. Current performance may be lower or higher than the performance quoted. Since 3/1/18 Inception. Periods less than one year are not annualized. It is not possible to invest directly in an index.

  YTD 1 Yr 3 Yr 5 Yr Since Incept.
Total Return Represents changes to the NAV and accounts for distributions from the Fund. -25.56% -28.12% -15.35% -- -22.79%
Market Price Returns are generally calculated using closing price and account for distributions from the Fund. -25.60% -28.00% -15.43% -- -22.87%
MSCI ACWI ex-U.S. The MSCI ACWI® (All Country World Index) ex U.S. is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed and emerging markets, excluding the United States. The Index includes reinvestment of dividends, net of foreign withholding taxes. Investments cannot be made directly in an index. -24.31% -24.73% -4.95% -- -5.39%
After Tax Pre-Liquidation After-tax returns for ETFs are calculated using the tax liability implied by each ETF's declared distributions. However, the exact tax characteristics of many distributions are not known until after the close of the calendar year. For Davis Fundamental ETF Trust, conservative estimates are used based on fund history until final amounts become available. -25.56% -28.43% -16.20% -- -23.63%
After Tax Post-Liquidation After-tax returns for ETFs are calculated using the tax liability implied by each ETF's declared distributions. However, the exact tax characteristics of many distributions are not known until after the close of the calendar year. For Davis Fundamental ETF Trust, conservative estimates are used based on fund history until final amounts become available. -15.13% -16.17% -11.23% -- -16.92%

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. NAV and market price returns assume that all distributions were reinvested at NAV. Current performance may be lower or higher than the performance quoted. Since 3/1/18 Inception. Periods less than one year are not annualized. It is not possible to invest directly in an index.

  YTD 1 Yr 3 Yr 5 Yr Since Incept.
Total Return Represents changes to the NAV and accounts for distributions from the Fund. -23.24% -22.82% -9.92% -- -20.38%
Market Price Returns are generally calculated using closing price and account for distributions from the Fund. -23.33% -22.75% -10.18% -- -20.51%
MSCI ACWI ex-U.S. The MSCI ACWI® (All Country World Index) ex U.S. is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed and emerging markets, excluding the United States. The Index includes reinvestment of dividends, net of foreign withholding taxes. Investments cannot be made directly in an index. -26.50% -25.17% -4.49% -- -8.14%
After Tax Pre-Liquidation After-tax returns for ETFs are calculated using the tax liability implied by each ETF's declared distributions. However, the exact tax characteristics of many distributions are not known until after the close of the calendar year. For Davis Fundamental ETF Trust, conservative estimates are used based on fund history until final amounts become available. -23.24% -23.15% -10.82% -- -21.24%
After Tax Post-Liquidation After-tax returns for ETFs are calculated using the tax liability implied by each ETF's declared distributions. However, the exact tax characteristics of many distributions are not known until after the close of the calendar year. For Davis Fundamental ETF Trust, conservative estimates are used based on fund history until final amounts become available. -13.76% -13.02% -7.10% -- -15.12%

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. NAV and market price returns assume that all distributions were reinvested at NAV. Current performance may be lower or higher than the performance quoted. Since 3/1/18 Inception. Periods less than one year are not annualized. It is not possible to invest directly in an index.

  YTD 1 Yr 3 Yr 5 Yr Since Incept.
Total Return Represents changes to the NAV and accounts for distributions from the Fund. -14.39% -16.71% 1.44% -- -11.21%
Market Price Returns are generally calculated using closing price and account for distributions from the Fund. -14.69% -16.88% 1.19% -- -11.56%
MSCI ACWI ex-U.S. The MSCI ACWI® (All Country World Index) ex U.S. is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed and emerging markets, excluding the United States. The Index includes reinvestment of dividends, net of foreign withholding taxes. Investments cannot be made directly in an index. -18.34% -19.52% 8.85% -- 2.06%
After Tax Pre-Liquidation After-tax returns for ETFs are calculated using the tax liability implied by each ETF's declared distributions. However, the exact tax characteristics of many distributions are not known until after the close of the calendar year. For Davis Fundamental ETF Trust, conservative estimates are used based on fund history until final amounts become available. -14.39% -17.07% 0.42% -- -12.17%
After Tax Post-Liquidation After-tax returns for ETFs are calculated using the tax liability implied by each ETF's declared distributions. However, the exact tax characteristics of many distributions are not known until after the close of the calendar year. For Davis Fundamental ETF Trust, conservative estimates are used based on fund history until final amounts become available. -8.52% -9.44% 1.45% -- -8.23%

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. NAV and market price returns assume that all distributions were reinvested at NAV. Current performance may be lower or higher than the performance quoted. Since 3/1/18 Inception. Periods less than one year are not annualized. It is not possible to invest directly in an index.

  YTD 1 Yr 3 Yr 5 Yr Since Incept.
Total Return Represents changes to the NAV and accounts for distributions from the Fund. -15.04% -15.04% 35.17% -- 3.72%
Market Price Returns are generally calculated using closing price and account for distributions from the Fund. -14.92% -14.92% 35.18% -- 3.67%
MSCI ACWI ex-U.S. The MSCI ACWI® (All Country World Index) ex U.S. is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed and emerging markets, excluding the United States. The Index includes reinvestment of dividends, net of foreign withholding taxes. Investments cannot be made directly in an index. 7.82% 7.82% 44.97% -- 24.98%
After Tax Pre-Liquidation After-tax returns for ETFs are calculated using the tax liability implied by each ETF's declared distributions. However, the exact tax characteristics of many distributions are not known until after the close of the calendar year. For Davis Fundamental ETF Trust, conservative estimates are used based on fund history until final amounts become available. -15.41% -15.41% 33.82% -- 2.60%
After Tax Post-Liquidation After-tax returns for ETFs are calculated using the tax liability implied by each ETF's declared distributions. However, the exact tax characteristics of many distributions are not known until after the close of the calendar year. For Davis Fundamental ETF Trust, conservative estimates are used based on fund history until final amounts become available. -8.54% -8.54% 27.00% -- 2.99%

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. NAV and market price returns assume that all distributions were reinvested at NAV. Current performance may be lower or higher than the performance quoted. Since 3/1/18 Inception. Periods less than one year are not annualized. It is not possible to invest directly in an index.

  YTD 1 Yr 3 Yr 5 Yr Since Incept.
Total Return Represents changes to the NAV and accounts for distributions from the Fund. 23.31% 23.31% -- -- 22.08%
Market Price Returns are generally calculated using closing price and account for distributions from the Fund. 22.78% 22.78% -- -- 21.85%
MSCI ACWI ex-U.S. The MSCI ACWI® (All Country World Index) ex U.S. is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed and emerging markets, excluding the United States. The Index includes reinvestment of dividends, net of foreign withholding taxes. Investments cannot be made directly in an index. 10.65% 10.65% -- -- 15.91%
After Tax Pre-Liquidation After-tax returns for ETFs are calculated using the tax liability implied by each ETF's declared distributions. However, the exact tax characteristics of many distributions are not known until after the close of the calendar year. For Davis Fundamental ETF Trust, conservative estimates are used based on fund history until final amounts become available. 23.23% 23.23% -- -- 21.26%
After Tax Post-Liquidation After-tax returns for ETFs are calculated using the tax liability implied by each ETF's declared distributions. However, the exact tax characteristics of many distributions are not known until after the close of the calendar year. For Davis Fundamental ETF Trust, conservative estimates are used based on fund history until final amounts become available. 13.86% 13.86% -- -- 16.79%

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. NAV and market price returns assume that all distributions were reinvested at NAV. Current performance may be lower or higher than the performance quoted. Since 3/1/18 Inception. Periods less than one year are not annualized. It is not possible to invest directly in an index.

  YTD 1 Yr 3 Yr 5 Yr Since Incept.
Total Return Represents changes to the NAV and accounts for distributions from the Fund. 29.03% 29.03% -- -- -1.00%
Market Price Returns are generally calculated using closing price and account for distributions from the Fund. 29.36% 29.36% -- -- -0.76%
MSCI ACWI ex-U.S. The MSCI ACWI® (All Country World Index) ex U.S. is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed and emerging markets, excluding the United States. The Index includes reinvestment of dividends, net of foreign withholding taxes. Investments cannot be made directly in an index. 21.51% 21.51% -- -- 4.76%
After Tax Pre-Liquidation After-tax returns for ETFs are calculated using the tax liability implied by each ETF's declared distributions. However, the exact tax characteristics of many distributions are not known until after the close of the calendar year. For Davis Fundamental ETF Trust, conservative estimates are used based on fund history until final amounts become available. 28.34% 28.34% -- -- -1.60%
After Tax Post-Liquidation After-tax returns for ETFs are calculated using the tax liability implied by each ETF's declared distributions. However, the exact tax characteristics of many distributions are not known until after the close of the calendar year. For Davis Fundamental ETF Trust, conservative estimates are used based on fund history until final amounts become available. 17.82% 17.82% -- -- -0.69%

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. NAV and market price returns assume that all distributions were reinvested at NAV. Current performance may be lower or higher than the performance quoted. Since 3/1/18 Inception. Periods less than one year are not annualized. It is not possible to invest directly in an index.

Historical Prices as of 11/25/22

Regions as of 11/23/22

DINT (%) MSCI ACWI ex-U.S. (%)
Developed Ex US 61.9% 73.7%
Emerging Markets 38.1% 26.3%

Top Countries as of 11/23/22

Name DINT (%)
China 27.3%
Korea, Republic of (South Korea) 11.2%
Singapore 8.3%
Denmark 7.0%
Bermuda 6.0%
Switzerland 5.9%
Netherlands 4.9%
Hong Kong 4.9%
South Africa 4.8%
Canada 3.9%
Norway 3.9%
United Kingdom 3.7%
Japan 3.5%
France 3.3%
Germany 1.4%

Top Sectors as of 11/23/22 The Fund generally uses the Global Industry Classification Standard (“GICS”) to determine industry classification. GICS presents industry classification as a series of levels. Allocations shown are at the sector level. For purposes of measuring concentration, the Fund generally classifies companies at the “industry group” or “industry” level. See the Fund’s SAI for additional information. Data is provided by an external service provider and, in limited instances, the classifications may vary from the classifications assigned by Davis Advisors. Industry classification weightings are subject to change.

DINT (%) MSCI ACWI ex-U.S. (%)
Financials 43.2% 20.7%
Consumer Discretionary 28.9% 11.0%
Information Technology 13.7% 11.3%
Industrials 6.7% 12.6%
Materials 3.9% 8.3%
Communication Services 3.6% 5.7%

Holdings as of 11/23/22

Name DINT (%) MSCI ACWI ex-U.S. (%) Country
DBS Group Holdings 8.05% 0.21% Singapore
Danske Bank 6.78% 0.05% Denmark
Ping An Insurance (Group) 5.93% 0.15% China
Bank of N.T. Butterfield & Son 5.77% 0.00% Bermuda
Julius Baer Group 5.70% 0.06% Switzerland
Hollysys Automation Technologies 4.99% 0.00% China
Samsung Electronics 4.89% 1.12% Korea, Republic of (South Korea)
Prosus 4.78% 0.22% Netherlands
AIA Group 4.78% 0.52% Hong Kong
Naspers 4.66% 0.14% South Africa
Name Ticker DINT (%) MSCI ACWI ex-U.S. (%) Shares Market Value ($) Country CUSIP SEDOL
DBS Group Holdings Ltd. DBS SP 8.05 0.21 381,290 9,790,440 Singapore 6175203
Danske Bank A/S DANSKE DC 6.78 0.05 467,457 8,249,241 Denmark 4588825
Ping An Insurance (Group) 2318 HK 5.93 0.15 1,349,246 7,213,558 China B01FLR7
Bank of N.T. Butterfield & Son Ltd. NTB 5.77 0.00 208,395 7,012,492 Bermuda G0772R208 BD8FF02
Julius Baer Group Ltd. BAER SE 5.70 0.06 121,402 6,925,475 Switzerland B4R2R50
Hollysys Automation Technologies Ltd. HOLI 4.99 0.00 356,704 6,063,968 China G45667105 B0JCH50
Samsung Electronics Co., Ltd. 005930 KS 4.89 0.97 131,742 5,945,080 Korea, Republic of (South Korea) 6771720
Prosus N.V., Class N PRX NA 4.78 0.22 96,606 5,812,876 Netherlands BJDS7L3
AIA Group Ltd. 1299 HK 4.78 0.52 608,490 5,805,965 Hong Kong B4TX8S1
Naspers Ltd. - N NPN SJ 4.66 0.14 39,723 5,667,585 South Africa 6622691
JD.com, Inc., Class A, ADR JD 4.42 0.00 102,946 5,379,958 China 47215P106 BMM27D9
Teck Resources Ltd., Class B TECK 3.80 0.07 134,570 4,619,788 Canada 878742204 2124533
DNB Bank ASA DNB NO 3.76 0.08 242,479 4,573,419 Norway BNG7113
Alibaba Group Holding Ltd., ADR BABA 3.51 0.00 54,328 4,264,748 China 01609W102 BP41ZD1
Tokyo Electron Ltd. 8035 JP 3.38 0.21 12,800 4,109,911 Japan 6895675
Ferguson plc FERG LN 3.37 0.12 34,100 4,092,943 United Kingdom BJVNSS4
Meituan, Class B 3690 HK 3.30 0.35 226,470 4,008,934 China BGJW376
Schneider Electric SE SU FP 3.16 0.36 25,955 3,836,301 France 4834108
Fila Holdings Corp. 081660 KS 3.11 0.00 156,677 3,784,357 Korea, Republic of (South Korea) B66CTX7
Baidu, Inc., Class A, ADR BIDU 2.88 0.00 36,064 3,498,208 China 056752108 B0FXT17
Coupang, Inc., Class A CPNG 2.80 0.00 173,696 3,404,442 Korea, Republic of (South Korea) 22266T109 BNYHDF3
Delivery Hero SE DHER GR 1.35 0.03 38,926 1,636,797 Germany BZCNB42
Noah Holdings Ltd., Class A, ADS NOAH 0.80 0.00 70,139 971,425 China 65487X102 B5MDP39
iQIYI, Inc., Class A, ADR IQ 0.59 0.00 289,469 717,883 China 46267X108 BYWT1W1
Metro Bank PLC MTRO LN 0.26 0.00 279,845 320,765 United Kingdom BZ6STL6
Cash Component 3.18 0.00 0 0
Total   100.00 3.54          

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Historical Premium/Discount Shares are generally bought and sold on an exchange at market prices and the price paid may be more (a “premium”) or less than NAV (a “discount”). For this reason an investor may pay more or less than NAV when they buy shares, and they may receive more or less than NAV when they sell shares. The premium/discount information provided represents past performance and cannot be used to predict future results. of Market Price Market price generally reflects the official closing price of the Fund. to NAV



Calendar Year 2021 First Quarter 2022 Second Quarter 2022 Third Quarter 2022
Days traded at premium 160 19 11 30
Days traded at discount 92 43 51 34

Fund Details as of 11/23/22

Inception Date 3/1/18
Ticker DINT
Objective Long-term growth of capital
Expense Ratio The Advisors has contractually agreed to waive fees and/or reimburse the Fund’s expenses to the extent necessary to cap total annual fund operating expenses at 0.75% until March 1, 2022. After that date, there is no assurance that Davis Selected Advisers, L.P. will continue to waive fees and/or reimburse expenses. The agreement cannot be terminated prior to that date, without the consent of the Board of Trustees. 0.64%
Number of Holdings The number of holdings in the Fund excluding cash positions and derivatives such as futures and currency forwards. 25
Number of Holdings in Benchmark Index 2,271
Investment Manager Davis Selected Advisers,L.P.
Total Net Assets ($M) 121.590
Exchange Cboe Global Markets, Inc.
CUSIP 23908L405
Custodian State Street Bank and Trust Company
Benchmark Index MSCI ACWI ex-U.S.
Shares Outstanding 7,300,000
Dividend Frequency Annually
Options Available N
Daily Volume 14,291
30 Day Avg. Volume Average Daily Volume (ADV) on primary exchange may differ from ADV reported by other sources, which may publish an aggregated ADV from all exchanges on which the ETF trades. 19,142
30 Day Median Bid-Ask Spread The Fund uses the national best bid and national best offer (NBBO), calculated every ten seconds during each trading day, in order to determine the median bid-ask spread. The median of the values calculated over the last 30 calendar days is expressed as a percentage and rounded to the nearest hundredth. 0.59%
Premium/Discount 0.02
Active Share (as of 10/31/22) Active Share is a measure of the percentage of stock holdings in a manager's portfolio that differ from the benchmark index. 94%

52 Week High/Low as of 11/23/22

NAV Market Price
52 Week High 20.47 20.51
52 Week Low 13.94 13.70