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 09/30/21

Selective Attractive Growth Undervalued

DINT invests in only a select group of well-researched companies

DINT portfolio companies have grown faster than the index

DINT portfolio companies are 30% less expensive than the index

Holdings The number of holdings in the Fund excluding cash positions and derivatives such as futures and currency forwards. 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. 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.
2352
29
DINT
MSCI ACWI ex-U.S.
19.5%
11.9%
DINT
MSCI ACWI ex-U.S.
9.7%
13.9%
DINT
MSCI ACWI ex-U.S.
DINT
MSCI ACWI ex-U.S.

  “The companies of Davis Select International ETF have grown almost twice as fast than the companies in the index, yet are 30% less expensive.

In fact, this gap between price and value is among the widest we have ever seen.

We believe this sets the stage for attractive returns in the years ahead.”

– Portfolio Manager Danton Goei

Returns

  YTD 1 Yr 3 Yr Since Incept.
Total Return Represents changes to the NAV and accounts for distributions from the Fund. -16.62% -13.52% 7.62% 0.47%
Market Price Returns are generally calculated using closing price and account for distributions from the Fund. -16.24% -13.39% 7.61% 0.54%
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. 3.54% 9.14% 9.94% 4.98%
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. -16.62% -13.55% 7.39% 0.30%
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. -9.84% -7.93% 5.94% 0.39%

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 Since Incept.
Total Return Represents changes to the NAV and accounts for distributions from the Fund. -12.02% -0.16% 9.12% 1.97%
Market Price Returns are generally calculated using closing price and account for distributions from the Fund. -12.08% -0.41% 9.01% 1.89%
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. 8.43% 29.66% 11.99% 6.42%
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. -12.02% -0.20% 8.89% 1.78%
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. -7.12% -0.01% 7.11% 1.52%

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 Since Incept.
Total Return Represents changes to the NAV and accounts for distributions from the Fund. -15.51% -0.78% 3.77% 0.87%
Market Price Returns are generally calculated using closing price and account for distributions from the Fund. -15.56% -1.52% 3.63% 0.80%
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. 5.90% 23.92% 8.02% 5.88%
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. -15.51% -0.83% 3.54% 0.69%
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. -9.18% -0.38% 2.93% 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.

  YTD 1 Yr 3 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 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.

  1 Yr 3 Yr Since Incept.
Total Return Represents changes to the NAV and accounts for distributions from the Fund. -- -- -23.27%
Market Price Returns are generally calculated using closing price and account for distributions from the Fund. -- -- -23.28%
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. -- -- -13.79%
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. -- -- -23.33%
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. -- -- -13.71%

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 Since Incept.
Total Return Represents changes to the NAV and accounts for distributions from the Fund. -16.62% -13.52% 24.69% 1.79%
Market Price Returns are generally calculated using closing price and account for distributions from the Fund. -16.24% -13.39% 24.64% 2.06%
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. 3.54% 9.14% 32.92% 20.02%
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. -16.62% -13.55% 23.88% 1.13%
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. -9.84% -7.93% 18.92% 1.46%

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 Since Incept.
Total Return Represents changes to the NAV and accounts for distributions from the Fund. -12.02% -0.16% 29.97% 7.41%
Market Price Returns are generally calculated using closing price and account for distributions from the Fund. -12.08% -0.41% 29.56% 7.13%
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. 8.43% 29.66% 40.50% 25.68%
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. -12.02% -0.20% 29.13% 6.71%
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. -7.12% -0.01% 22.92% 5.71%

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 Since Incept.
Total Return Represents changes to the NAV and accounts for distributions from the Fund. -15.51% -0.78% 11.75% 3.15%
Market Price Returns are generally calculated using closing price and account for distributions from the Fund. -15.56% -1.52% 11.29% 2.90%
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. 5.90% 23.92% 26.07% 22.75%
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. -15.51% -0.83% 11.02% 2.48%
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. -9.18% -0.38% 9.04% 2.49%

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 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 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.

  1 Yr 3 Yr Since Incept.
Total Return Represents changes to the NAV and accounts for distributions from the Fund. -- -- -23.27%
Market Price Returns are generally calculated using closing price and account for distributions from the Fund. -- -- -23.28%
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. -- -- -13.79%
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. -- -- -23.33%
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. -- -- -13.71%

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 12/7/21

Regions as of 12/7/21

DINT (%) MSCI ACWI ex-U.S. (%)
Developed Ex US 59.4% 71.6%
Emerging Markets 40.6% 28.4%

Top Countries as of 12/7/21

Name DINT (%)
China 31.6%
Switzerland 9.6%
Korea, Republic of (South Korea) 8.4%
Singapore 6.9%
Bermuda 5.8%
Denmark 5.5%
Hong Kong 4.7%
Norway 4.6%
Japan 4.6%
Netherlands 4.4%
France 4.1%
United Kingdom 3.8%
South Africa 3.2%
Germany 1.6%
Canada 1.2%

Top Sectors as of 12/7/21 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 39.7% 19.2%
Consumer Discretionary 27.4% 12.5%
Information Technology 13.2% 13.5%
Industrials 9.8% 12.5%
Communication Services 5.0% 6.3%
Health Care 3.7% 9.2%
Materials 1.2% 8.0%

Holdings as of 12/7/21

Name DINT (%) MSCI ACWI ex-U.S. (%) Country
DBS Group Holdings 6.74% 0.16% Singapore
JD.com 5.74% 0.25% China
Julius Baer Group 5.71% 0.05% Switzerland
Bank of N.T. Butterfield & Son 5.67% 0.00% Bermuda
Danske Bank 5.37% 0.04% Denmark
Samsung Electronics 5.23% 1.17% Korea, Republic of (South Korea)
Meituan 5.16% 0.48% China
Alibaba Group Holding 4.71% 0.00% China
AIA Group 4.60% 0.47% Hong Kong
DNB ASA 4.52% 0.08% Norway
Name Ticker DINT (%) MSCI ACWI ex-U.S. (%) Shares Market Value ($) Country CUSIP SEDOL
DBS Group Holdings Ltd. DBS SP 6.74 0.16 715,890 16,862,604 Singapore 6175203
JD.com, Inc., Class A, ADR JD 5.74 0.25 183,880 14,359,189 China 47215P106 BMM27D9
Julius Baer Group Ltd. BAER SE 5.71 0.05 220,201 14,278,540 Switzerland B4R2R50
Bank of N.T. Butterfield & Son Ltd. NTB 5.67 0.00 384,455 14,178,700 Bermuda G0772R208 BD8FF02
Danske Bank A/S DANSKE DC 5.37 0.04 765,223 13,429,375 Denmark 4588825
Samsung Electronics Co., Ltd. 005930 KS 5.23 1.17 197,782 13,084,352 Korea, Republic of (South Korea) 6771720
Meituan, Class B 3690 HK 5.16 0.48 403,270 12,905,250 China BGJW376
Alibaba Group Holding Ltd., ADR BABA 4.71 0.00 93,825 11,778,791 China 01609W102 BP41ZD1
AIA Group Ltd. 1299 HK 4.60 0.47 1,089,290 11,502,364 Hong Kong B4TX8S1
DNB Bank ASA DNB NO 4.52 0.08 497,245 11,292,198 Norway BNG7113
Tokyo Electron Ltd. 8035 JP 4.47 0.30 20,400 11,173,156 Japan 6895675
Ping An Insurance (Group) 2318 HK 4.31 0.17 1,460,846 10,770,270 China B01FLR7
Prosus N.V., Class N PRX NA 4.24 0.30 124,786 10,613,618 Netherlands BJDS7L3
Schneider Electric SE SU FP 3.99 0.38 52,963 9,974,885 France 4834108
Baidu, Inc., Class A, ADR BIDU 3.85 0.16 64,244 9,629,533 China 056752108 B0FXT17
Ferguson PLC FERG LN 3.41 0.13 52,578 8,524,962 United Kingdom BJVNSS4
Hollysys Automation Technologies Ltd. HOLI 3.16 0.00 519,696 7,914,970 China G45667105 B0JCH50
Naspers Ltd. - N NPN SJ 3.13 0.13 48,857 7,817,859 South Africa 6622691
Fila Holdings Corp. 081660 KS 2.95 0.00 231,915 7,368,456 Korea, Republic of (South Korea) B66CTX7
Roche Holding AG - Genusschein ROG SE 2.19 1.04 13,749 5,480,080 Switzerland 7110388
Brenntag SE BNR GR 1.59 0.05 44,701 3,964,449 Germany B4YVF56
Noah Holdings Ltd., Class A, ADS NOAH 1.45 0.00 102,696 3,631,331 China 65487X102 B5MDP39
Novartis AG - ADR NVS 1.42 0.66 43,915 3,543,062 Switzerland 66987V109 2620105
Teck Resources Ltd., Class B TECK 1.14 0.05 102,700 2,847,871 Canada 878742204 2124533
iQIYI, Inc., Class A, ADR IQ 1.04 0.01 485,569 2,597,794 China 46267X108 BYWT1W1
Trip.com Group Ltd., ADR TCOM 0.74 0.05 66,066 1,841,259 China 89677Q107 BK1K3N2
DiDi Global Inc., Class A, ADS DIDI 0.53 0.01 183,025 1,317,780 China 23292E108 BMBR6F0
Metro Bank PLC MTRO LN 0.25 0.00 485,199 616,847 United Kingdom BZ6STL6
Kuaishou Technology, Class B 1024 HK 0.02 0.02 3,480 38,012 China BLC90T0
Cash Component 2.67 0.00 0 0
Total   100.00 6.16          

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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 2020 First Quarter 2021 Second Quarter 2021 Third Quarter 2021
Days traded at premium 189 54 59 26
Days traded at discount 64 7 4 38

Fund Details as of 12/7/21

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. 0.65%
Number of Holdings The number of holdings in the Fund excluding cash positions and derivatives such as futures and currency forwards. 29
Number of Holdings in Benchmark Index 2,359
Investment Manager Davis Selected Advisers,L.P.
Total Net Assets ($M) 250.090
Exchange Cboe Global Markets, Inc.
CUSIP 23908L405
Custodian State Street Bank and Trust Company
Benchmark Index MSCI ACWI ex-U.S.
Shares Outstanding 12,450,000
Dividend Frequency Annually
Options Available N
Daily Volume 39,482
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. 28,017
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. 0.43%
Premium/Discount -0.14
Active Share (as of 11/30/21) Active Share is a measure of the percentage of stock holdings in a manager's portfolio that differ from the benchmark index. 93%

52 Week High/Low as of 12/7/21

NAV Market Price
52 Week High 25.77 25.89
52 Week Low 19.32 19.12