DWLD Davis Select Worldwide ETF

Attractive investment opportunities in the U.S and abroad.

Managers

Goei

NAV as of 8/29/25

Price	Change
$43.89	$0.06 / 0.14%

Market Price Market price generally reflects the official closing price of the Fund. as of 8/29/25

Price	Change
$43.95	$-0.02 / -0.05%

Literature

Fund Overview

Seeks high-conviction, best-of-breed businesses in the U.S. and abroad
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 06/30/25

Selective	Attractive Growth	Undervalued
DWLD invests in only a select group of well-researched companies	DWLD portfolio companies have offered attractive growth	DWLD portfolio companies are 35% 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.
2528 38	28.9% 14.4%	12.6x 19.4x
DWLD MSCI ACWI

“The companies of Davis Select Worldwide ETF have grown more than the companies in the index, yet are 35% 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.”

Danton Goei , Portfolio Manager

Returns

Month

	YTD	1 Yr	3 Yr	5 Yr	Since Incept.
Total Return Represents changes to the NAV and accounts for distributions from the Fund.	15.12%	25.72%	20.23%	11.96%	10.31%
Market Price Returns are generally calculated using closing price and account for distributions from the Fund.	15.06%	26.01%	20.29%	12.09%	10.33%
MSCI ACWI The MSCI ACWI® (All Country World Index) is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed and emerging markets throughout the world. The Index includes reinvestment of dividends, net foreign withholding taxes. Investments cannot be made directly in an index.	11.54%	15.87%	15.24%	12.78%	11.40%
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.	15.12%	25.44%	20.02%	11.78%	9.99%
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.	8.95%	15.60%	16.07%	9.57%	8.35%

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 1/11/17 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.	14.26%	25.80%	21.03%	12.97%	10.32%
Market Price Returns are generally calculated using closing price and account for distributions from the Fund.	14.13%	26.06%	21.07%	12.98%	10.33%
MSCI ACWI The MSCI ACWI® (All Country World Index) is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed and emerging markets throughout the world. The Index includes reinvestment of dividends, net foreign withholding taxes. Investments cannot be made directly in an index.	10.05%	16.17%	17.33%	13.64%	11.34%
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.	14.26%	25.52%	20.82%	12.79%	10.00%
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.	8.44%	15.65%	16.73%	10.42%	8.36%

	YTD	1 Yr	3 Yr	5 Yr	Since Incept.
Total Return Represents changes to the NAV and accounts for distributions from the Fund.	9.18%	18.86%	16.85%	12.89%	9.83%
Market Price Returns are generally calculated using closing price and account for distributions from the Fund.	9.01%	19.03%	16.98%	12.91%	9.83%
MSCI ACWI The MSCI ACWI® (All Country World Index) is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed and emerging markets throughout the world. The Index includes reinvestment of dividends, net foreign withholding taxes. Investments cannot be made directly in an index.	5.32%	13.65%	12.29%	13.36%	10.88%
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.	9.18%	18.59%	16.64%	12.72%	9.51%
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.	5.43%	11.54%	13.33%	10.36%	7.94%

	YTD	1 Yr	3 Yr	5 Yr	Since Incept.
Total Return Represents changes to the NAV and accounts for distributions from the Fund.	24.20%	24.20%	8.60%	8.67%	9.16%
Market Price Returns are generally calculated using closing price and account for distributions from the Fund.	24.35%	24.35%	8.77%	8.67%	9.18%
MSCI ACWI The MSCI ACWI® (All Country World Index) is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed and emerging markets throughout the world. The Index includes reinvestment of dividends, net foreign withholding taxes. Investments cannot be made directly in an index.	17.49%	17.49%	5.43%	10.05%	10.75%
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.	23.92%	23.92%	8.41%	8.50%	8.82%
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.	14.78%	14.78%	6.74%	6.89%	7.35%

	YTD	1 Yr	3 Yr	5 Yr	Since Incept.
Total Return Represents changes to the NAV and accounts for distributions from the Fund.	20.02%	20.02%	-0.33%	9.79%	7.16%
Market Price Returns are generally calculated using closing price and account for distributions from the Fund.	20.62%	20.62%	-0.22%	9.86%	7.17%
MSCI ACWI The MSCI ACWI® (All Country World Index) is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed and emerging markets throughout the world. The Index includes reinvestment of dividends, net foreign withholding taxes. Investments cannot be made directly in an index.	22.20%	22.20%	5.75%	11.71%	9.82%
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.	19.79%	19.79%	-0.49%	9.56%	6.81%
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.	12.21%	12.21%	-0.19%	7.80%	5.65%

	YTD	1 Yr	3 Yr	5 Yr	Since Incept.
Total Return Represents changes to the NAV and accounts for distributions from the Fund.	-14.06%	-14.06%	0.57%	0.70%	5.15%
Market Price Returns are generally calculated using closing price and account for distributions from the Fund.	-14.19%	-14.19%	0.36%	0.58%	5.07%
MSCI ACWI The MSCI ACWI® (All Country World Index) is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed and emerging markets throughout the world. The Index includes reinvestment of dividends, net foreign withholding taxes. Investments cannot be made directly in an index.	-18.36%	-18.36%	4.00%	5.22%	7.87%
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.	-14.15%	-14.15%	0.45%	0.30%	4.78%
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.	-8.16%	-8.16%	0.49%	0.50%	3.99%

Month

	YTD	1 Yr	3 Yr	5 Yr	Since Incept.
Total Return Represents changes to the NAV and accounts for distributions from the Fund.	15.12%	25.72%	73.89%	75.96%	131.57%
Market Price Returns are generally calculated using closing price and account for distributions from the Fund.	15.06%	26.01%	74.14%	76.99%	131.86%
MSCI ACWI The MSCI ACWI® (All Country World Index) is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed and emerging markets throughout the world. The Index includes reinvestment of dividends, net foreign withholding taxes. Investments cannot be made directly in an index.	11.54%	15.87%	53.10%	82.52%	151.84%
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.	15.12%	25.44%	72.97%	74.60%	125.89%
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.	8.95%	15.60%	56.44%	57.98%	98.65%

	YTD	1 Yr	3 Yr	5 Yr	Since Incept.
Total Return Represents changes to the NAV and accounts for distributions from the Fund.	14.26%	25.80%	77.38%	84.05%	129.84%
Market Price Returns are generally calculated using closing price and account for distributions from the Fund.	14.13%	26.06%	77.55%	84.11%	129.98%
MSCI ACWI The MSCI ACWI® (All Country World Index) is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed and emerging markets throughout the world. The Index includes reinvestment of dividends, net foreign withholding taxes. Investments cannot be made directly in an index.	10.05%	16.17%	61.60%	89.60%	148.47%
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.	14.26%	25.52%	76.44%	82.63%	124.20%
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.	8.44%	15.65%	59.11%	64.17%	97.37%

	YTD	1 Yr	3 Yr	5 Yr	Since Incept.
Total Return Represents changes to the NAV and accounts for distributions from the Fund.	9.18%	18.86%	59.60%	83.43%	119.61%
Market Price Returns are generally calculated using closing price and account for distributions from the Fund.	9.01%	19.03%	60.16%	83.60%	119.65%
MSCI ACWI The MSCI ACWI® (All Country World Index) is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed and emerging markets throughout the world. The Index includes reinvestment of dividends, net foreign withholding taxes. Investments cannot be made directly in an index.	5.32%	13.65%	41.62%	87.26%	137.79%
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.	9.18%	18.59%	58.76%	82.02%	114.22%
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.	5.43%	11.54%	45.60%	63.77%	89.79%

	YTD	1 Yr	3 Yr	5 Yr	Since Incept.
Total Return Represents changes to the NAV and accounts for distributions from the Fund.	24.20%	24.20%	28.11%	51.62%	101.15%
Market Price Returns are generally calculated using closing price and account for distributions from the Fund.	24.35%	24.35%	28.71%	51.61%	101.50%
MSCI ACWI The MSCI ACWI® (All Country World Index) is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed and emerging markets throughout the world. The Index includes reinvestment of dividends, net foreign withholding taxes. Investments cannot be made directly in an index.	17.49%	17.49%	17.21%	61.52%	125.78%
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.	23.92%	23.92%	27.43%	50.45%	96.22%
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.	14.78%	14.78%	21.65%	39.62%	76.10%

	YTD	1 Yr	3 Yr	5 Yr	Since Incept.
Total Return Represents changes to the NAV and accounts for distributions from the Fund.	20.02%	20.02%	-0.99%	59.56%	61.95%
Market Price Returns are generally calculated using closing price and account for distributions from the Fund.	20.62%	20.62%	-0.66%	60.08%	62.04%
MSCI ACWI The MSCI ACWI® (All Country World Index) is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed and emerging markets throughout the world. The Index includes reinvestment of dividends, net foreign withholding taxes. Investments cannot be made directly in an index.	22.20%	22.20%	18.25%	74.04%	92.17%
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.	19.79%	19.79%	-1.47%	57.88%	58.34%
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.	12.21%	12.21%	-0.57%	45.60%	46.67%

	YTD	1 Yr	3 Yr	5 Yr	Since Incept.
Total Return Represents changes to the NAV and accounts for distributions from the Fund.	-14.06%	-14.06%	1.72%	3.57%	34.94%
Market Price Returns are generally calculated using closing price and account for distributions from the Fund.	-14.19%	-14.19%	1.08%	2.95%	34.34%
MSCI ACWI The MSCI ACWI® (All Country World Index) is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed and emerging markets throughout the world. The Index includes reinvestment of dividends, net foreign withholding taxes. Investments cannot be made directly in an index.	-18.36%	-18.36%	12.50%	29.01%	57.26%
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.	-14.15%	-14.15%	1.35%	1.50%	32.18%
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.	-8.16%	-8.16%	1.47%	2.51%	26.35%

Historical Prices as of 8/29/25

Start Date

Regions as of 8/29/25

	DWLD (%)	MSCI ACWI (%)
United States	49.4%	64.6%
Emerging Markets	25.7%	10.1%
Developed Ex US	24.9%	25.3%

Top Sectors as of 8/29/25 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.

	DWLD (%)	MSCI ACWI (%)
Financials	28.4%	17.8%
Consumer Discretionary	25.1%	10.5%
Communication Services	13.4%	8.8%
Health Care	9.6%	8.7%
Information Technology	8.6%	26.1%
Industrials	6.0%	10.8%
Energy	4.0%	3.6%
Consumer Staples	3.3%	5.6%
Materials	1.5%	3.6%

Holdings as of 8/29/25

Name	DWLD (%)	MSCI ACWI (%)	Country
Meta Platforms	6.05%	1.84%	USA
Trip.com Group	5.62%	0.05%	China
Prosus	5.14%	0.09%	Netherlands
Ping An Insurance Group	5.09%	0.07%	China
Capital One Financial	5.08%	0.17%	USA
Full Truck Alliance	5.07%	0.00%	China
MGM Resorts	4.74%	0.00%	USA
Danske Bank	3.87%	0.03%	Denmark
Julius Baer Group	3.86%	0.02%	Switzerland
Markel Group	3.47%	0.03%	USA

Name	Ticker	DWLD (%)	MSCI ACWI (%)	Shares	Market Value ($)	Country	CUSIP	SEDOL
Meta Platforms, Inc., Class A	META	6.05	1.84	37,375	27,608,913	USA	30303M102	B7TL820
Trip.com Group Ltd., ADR	TCOM	5.62	0.00	347,686	25,641,843	China	89677Q107	BK1K3N2
Prosus N.V., Class N	PRX NA	5.14	0.09	379,518	23,476,842	Netherlands		BJDS7L3
Ping An Insurance (Group)	2318 HK	5.09	0.06	3,189,015	23,217,976	China		B01FLR7
Capital One Financial Corp.	COF	5.08	0.17	101,965	23,168,487	USA	14040H105	2654461
Full Truck Alliance Co. Ltd.,	YMM	5.07	0.00	1,774,432	23,156,338	China	35969L108	BMD2L36
MGM Resorts International	MGM	4.74	0.00	544,783	21,622,437	USA	552953101	2547419
Danske Bank A/S	DANSKE DC	3.87	0.03	429,319	17,669,989	Denmark		4588825
Julius Baer Group Ltd.	BAER SE	3.86	0.02	244,120	17,626,736	Switzerland		B4R2R50
Markel Group Inc.	MKL	3.47	0.03	8,087	15,842,918	USA	570535104	2566436
Samsung Electronics Co., Ltd.	005930 KS	3.43	0.27	313,180	15,646,409	Korea, (South)		6771720
Tyson Foods, Inc., Class A	TSN	3.27	0.02	262,770	14,920,081	USA	902494103	2909730
AppLovin Corp., Class A	APP	3.01	0.13	28,738	13,753,719	USA	03831W108	BMV3LG4
Meituan, Class B	3690 HK	2.76	0.08	944,240	12,576,301	China		BGJW376
CVS Health Corp.	CVS	2.54	0.11	158,312	11,580,523	USA	126650100	2577609
Berkshire Hathaway Inc., Class B	BRK B	2.47	0.78	22,396	11,264,740	USA	084670702	2073390
Tourmaline Oil Corp.	TOU CN	2.26	0.02	242,916	10,315,550	Canada		B3QJ0H8
Alphabet Inc., Class C	GOOG	2.24	1.20	47,953	10,239,404	USA	02079K107	BYY88Y7
Amazon.com, Inc.	AMZN	2.17	2.51	43,247	9,903,563	USA	023135106	2000019
AIA Group Ltd.	1299 HK	2.14	0.11	1,026,490	9,756,099	Hong Kong		B4TX8S1
Solventum Corp.	SOLV	2.09	0.01	130,541	9,541,242	USA	83444M101	BMTQB43
Applied Materials, Inc.	AMAT	2.07	0.15	58,741	9,443,203	USA	038222105	2046552
Viatris Inc.	VTRS	1.94	0.00	839,489	8,856,609	USA	92556V106	BMWS3X9
Entain plc	ENT LN	1.84	0.01	705,949	8,384,208	UK		B5VQMV6
Sea Limited, Class A, ADR	SE	1.77	0.08	43,414	8,098,448	Singapore	81141R100	BYWD7L4
NetEase, Inc., ADR	NTES	1.72	0.00	57,488	7,829,291	China	64110W102	2606440
Coterra Energy, Inc.	CTRA	1.67	0.02	311,100	7,603,284	USA	127097103	2162340
Humana Inc.	HUM	1.60	0.04	24,046	7,301,808	USA	444859102	2445063
Naspers Ltd. - N	NPN SJ	1.60	0.06	22,068	7,280,702	South Africa		BN0VX82
U.S. Bancorp	USB	1.47	0.09	137,724	6,725,063	USA	902973304	2736035
Teck Resources Ltd., Class B	TECK	1.45	0.02	193,231	6,606,568	Canada	878742204	2124533
Pinterest, Inc., Class A	PINS	1.44	0.02	179,696	6,582,264	USA	72352L106	BJ2Z0H2
UnitedHealth Group Inc.	UNH	1.31	0.32	19,334	5,991,027	USA	91324P102	2917766
ITOCHU Corp.	8001 JP	0.88	0.08	71,010	4,011,264	Japan		6467803
Restaurant Brands International Inc.	QSR	0.76	0.02	55,116	3,490,496	Canada	76131D103	BTF8CG1
Metro Bank Holdings PLC	MTRO LN	0.50	0.00	1,431,137	2,282,503	UK		BMX3W47
Delivery Hero SE	DHER GR	0.08	0.01	14,510	384,931	Germany		BZCNB42
South Korean Won		0.02	0.00	0	70,360	0	Foreign Currency
Cash Component		1.51	0.00	0	0
Total		100.00	8.40

Download to Excel

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 2024	First Quarter 2025	Second Quarter 2025
Days traded at premium	127	44	50
Days traded at discount	125	16	12

Fund Details as of 8/29/25

Inception Date	1/11/17
Ticker	DWLD
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 0.65% until March 1, 2025. 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.	0.63%
Number of Holdings The number of holdings in the Fund excluding cash positions and derivatives such as futures and currency forwards.	37
Number of Holdings in Benchmark Index	2,509
Investment Manager	Davis Selected Advisers, L.P.
Total Net Assets ($M)	456.450
Exchange	Cboe Global Markets, Inc.
CUSIP	23908L306
Custodian	State Street Bank and Trust Company
Benchmark Index	MSCI ACWI
Shares Outstanding	10,400,000
Dividend Frequency	Annually
Options Available	N
Daily Volume The number of shares traded during a given period of time. It is simply the amount of shares that trade hands from sellers to buyers as a measure of activity. If a buyer of a stock purchases 100 shares from a seller, then the volume for that period increased by 100 shares based on that transaction. Volume shown is the volume that traded on the primary exchange as of the date indicated.	14,914
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.	21,143
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.	0.31%
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.	0.14%
Active Share (as of 7/31/25) Active Share is a measure of the percentage of stock holdings in a manager's portfolio that differ from the benchmark index.	91%

52 Week High/Low as of 8/29/25

	NAV	Market Price
52 Week High	43.89	43.97
52 Week Low	33.05	32.29