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 4/19/21

DINT MSCI ACWI ex-U.S.
Selective Holdings The number of holdings in the Fund excluding cash positions and derivatives such as futures and currency forwards. 27 2,357
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. 20.6% 12.6%
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. 12.7x 16.0x

  “Selectivity allows us to reject the vast majority of companies that make up the index and instead build a portfolio of those few companies that have above-average growth and below-average valuations.”

Returns

  YTD 1 Yr 3 Yr Since Incept.
Total Return Represents changes to the NAV and accounts for distributions from the Fund. 1.81% 59.97% 8.02% 7.30%
Market Price Returns are generally calculated using closing price and account for distributions from the Fund. 2.60% 60.82% 7.92% 7.51%
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. 3.49% 49.41% 6.51% 6.08%
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. 1.81% 59.90% 7.79% 7.08%
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. 1.07% 35.61% 6.21% 5.65%

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. 4.13% 37.81% -- 8.33%
Market Price Returns are generally calculated using closing price and account for distributions from the Fund. 4.92% 38.86% -- 8.53%
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. 2.20% 26.18% -- 5.81%
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. 4.13% 37.75% -- 8.09%
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. 2.45% 22.47% -- 6.45%

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. 1.51% 28.67% -- 7.61%
Market Price Returns are generally calculated using closing price and account for distributions from the Fund. 1.96% 29.09% -- 7.71%
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. 0.22% 13.95% -- 5.26%
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. 1.51% 28.61% -- 7.37%
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. 0.89% 17.06% -- 5.89%

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 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. 1.81% 59.97% 26.07% 24.29%
Market Price Returns are generally calculated using closing price and account for distributions from the Fund. 2.60% 60.82% 25.69% 25.02%
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. 3.49% 49.41% 20.83% 19.96%
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. 1.81% 59.90% 25.25% 23.48%
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. 1.07% 35.61% 19.84% 18.48%

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. 4.13% 37.81% -- 27.13%
Market Price Returns are generally calculated using closing price and account for distributions from the Fund. 4.92% 38.86% -- 27.85%
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. 2.20% 26.18% -- 18.47%
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. 4.13% 37.75% -- 26.30%
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. 2.45% 22.47% -- 20.63%

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. 1.51% 28.67% -- 23.92%
Market Price Returns are generally calculated using closing price and account for distributions from the Fund. 1.96% 29.09% -- 24.24%
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. 0.22% 13.95% -- 16.17%
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. 1.51% 28.61% -- 23.12%
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. 0.89% 17.06% -- 18.21%

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 4/20/21

Regions as of 4/19/21

DINT (%) MSCI ACWI ex-U.S. (%)
Developed Ex US 54.4% 70.0%
Emerging Markets 45.6% 29.9%

Top Countries as of 4/19/21

Name DINT (%)
China 35.8%
Switzerland 8.3%
Korea, Republic of (South Korea) 8.2%
Singapore 5.8%
Norway 5.7%
Denmark 5.5%
Bermuda 5.4%
France 5.2%
United Kingdom 5.0%
Hong Kong 5.0%
Japan 4.4%
South Africa 4.4%
Germany 1.4%

Top Sectors as of 4/19/21 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. (%)
Consumer Discretionary 35.9% 13.7%
Financials 34.4% 18.6%
Information Technology 11.7% 12.8%
Industrials 11.3% 11.7%
Communication Services 3.7% 7.5%
Health Care 3.0% 8.9%

Holdings as of 4/19/21

Name DINT (%) MSCI ACWI ex-U.S. (%) Country
New Oriental Education & Technology 6.59% 0.09% China
Meituan 6.07% 0.49% China
Alibaba Group Holding 5.85% 1.63% China
DBS Group Holdings 5.37% 0.14% Singapore
DNB ASA 5.32% 0.08% Norway
Danske Bank 5.14% 0.05% Denmark
Bank of N.T. Butterfield & Son 5.08% 0.00% Bermuda
Julius Baer Group 4.93% 0.05% Switzerland
Schneider Electric 4.81% 0.33% France
Samsung Electronics 4.73% 1.31% Korea, Republic of (South Korea)
Name Ticker DINT (%) MSCI ACWI ex-U.S. (%) Shares Market Value ($) Country CUSIP SEDOL
New Oriental Education & Tech ADR EDU 6.59 0.09 1,351,510 20,515,922 China 647581107 B1CN1G6
Meituan, Class B 3690 HK 6.07 0.49 507,870 18,912,940 China BGJW376
Alibaba Group Holding Ltd., ADR BABA 5.85 1.63 77,568 18,211,415 China 01609W102 BP41ZD1
DBS Group Holdings Ltd. DBS SP 5.37 0.14 767,490 16,742,509 Singapore 6175203
DNB ASA DNB NO 5.32 0.08 743,403 16,587,539 Norway 4263304
Danske Bank A/S DANSKE DC 5.14 0.05 820,151 16,004,080 Denmark 4588825
Bank of N.T. Butterfield & Son Ltd. NTB 5.08 0.00 412,053 15,839,317 Bermuda G0772R208 BD8FF02
Julius Baer Group Ltd. BAER SE 4.93 0.05 235,078 15,358,532 Switzerland B4R2R50
Schneider Electric SE SU FP 4.81 0.33 90,509 14,982,838 France 4834108
Samsung Electronics Co., Ltd. 005930 KS 4.73 1.31 197,764 14,744,902 Korea, Republic of (South Korea) 6771720
AIA Group Ltd. 1299 HK 4.63 0.56 1,142,090 14,412,344 Hong Kong B4TX8S1
Ferguson PLC FERG LN 4.41 0.11 105,394 13,750,825 United Kingdom BJVNSS4
Tokyo Electron Ltd. 8035 JP 4.11 0.25 27,700 12,816,131 Japan 6895675
Naspers Ltd. - N NPN SJ 4.09 0.39 52,063 12,726,080 South Africa 6622691
JD.com, Inc., Class A, ADR JD 3.66 0.24 148,052 11,392,601 China 47215P106 BMM27D9
TAL Education Group, Class A, ADR TAL 3.52 0.08 180,350 10,958,066 China 874080104 B4MGD82
Fila Holdings Corp. 081660 KS 2.97 0.01 222,290 9,251,721 Korea, Republic of (South Korea) B66CTX7
Baidu, Inc., Class A, ADR BIDU 2.64 0.21 39,152 8,218,005 China 056752108 B0FXT17
Hollysys Automation Technologies Ltd. HOLI 2.05 0.00 494,398 6,392,566 China G45667105 B0JCH50
Roche Holding AG - Genusschein ROG SE 1.52 0.88 13,969 4,735,694 Switzerland 7110388
Noah Holdings Ltd., Class A, ADS NOAH 1.40 0.01 104,311 4,359,157 China 65487X102 B5MDP39
Brenntag SE BNR GR 1.33 0.05 45,401 4,139,303 Germany B4YVF56
Novartis AG - ADR NVS 1.27 0.72 44,600 3,941,748 Switzerland 66987V109 2620105
Trip.com Group Ltd., ADR TCOM 0.80 0.06 67,106 2,483,593 China 89677Q107 BK1K3N2
iQIYI, Inc., Class A, ADR IQ 0.80 0.02 165,203 2,478,045 China 46267X108 BYWT1W1
Metro Bank PLC MTRO LN 0.26 0.00 492,853 806,543 United Kingdom BZ6STL6
Kuaishou Technology, Class B 1024 HK 0.04 0.02 3,480 110,594 China BLC90T0
Cash Component 6.61 0.00 0 0
Total   100.00 7.78          

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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
Days traded at premium 189 54
Days traded at discount 64 7

Fund Details as of 4/19/21

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, 2021. 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. 27
Number of Holdings in Benchmark Index 2,357
Investment Manager Davis Selected Advisers,L.P.
Total Net Assets ($M) 311.510
Exchange Cboe Global Markets, Inc.
CUSIP 23908L405
Custodian State Street Bank and Trust Company
Benchmark Index MSCI ACWI ex-U.S.
Shares Outstanding 12,700,000
Dividend Frequency Annually
Options Available N
Daily Volume 60,425
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. 18,483
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. 0.42%
Premium/Discount -0.24
Active Share (as of 3/31/21) Active Share is a measure of the percentage of stock holdings in a manager's portfolio that differ from the benchmark index. 92%

52 Week High/Low as of 4/19/21

NAV Market Price
52 Week High 25.77 25.89
52 Week Low 15.22 15.19