Tradingeconomics.com, as of 1/9/23.
Underlying sources: Bank of England; Global Financial Data; Sidney Homer and Richard Sylla. “A History of Interest Rates,” 4th ed., Hoboken, NJ: Wiley Finance.
Nature Magazine, article by Smitri Mallapaty, 12/19/22.
NikkeiAsia, “China’s GDP growth to accelerate to 4.7% in 2023,” by Takeshi Kihara and Frances Cheung, 12/28/22.
Wall Street Journal, “China’s Leaders Plot Pivot Back Toward Boosting Economy,” by Keith Zhai, 12/15/22.
Wall Street Journal, “China Shows New Pragmatism on Economy,” by James Areddy and Keith Zhai, 12/17/22.
CNBC, “Global economy is headed into a decade of low growth, economist says,” by Elliott Smith, 12/28/22.
The Conference Board, Economic Forecast for the U.S. Economy, 12/14/22.
https://www.barrons.com/amp/articles/ibm-loses-spot-top-u-s-patent-samsung-51673450575. Date accessed: 1/18/23.
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Objective and Risks. The investment objective of Davis Select International ETF is long-term growth of capital. There can be no assurance that the Fund will achieve its objective. Some important risks of an investment in the Fund are: stock market risk; common stock risk; market trading risk: includes the possibility of an inactive market for Fund shares, losses from trading in secondary markets, periods of high volatility, and disruptions in the creation/redemption process. ONE OR MORE OF THESE FACTORS, AMONG OTHERS, COULD LEAD TO THE FUND’S SHARES TRADING AT A PREMIUM OR DISCOUNT TO NAV; exchange-traded fund risk: the Fund is subject to the risks of owning the underlying securities as well as the risks of owning an exchange-traded fund generally; foreign country risk; exposure to industry or sector risk: significant exposure to a particular industry or sector may cause the Fund to be more impacted by risks relating to and developments affecting the industry or sector; China risk – generally; headline risk; foreign market risk; large-capitalization companies risk; manager risk; authorized participant concentration risk: to the extent that Authorized Participants exit the business or are unable or unwilling to proceed with creation and/or redemption orders with respect to the Fund and no other Authorized Participant is able to step forward to create or redeem Creation Units, Fund shares may trade at a discount to NAV and could face delisting; cybersecurity risk; emerging market risk: securities of issuers in emerging and developing markets may present risks not found in more mature markets; depositary receipts risk: depositary receipts involve higher expenses and may trade at a discount (or premium) to the underlying security; fees and expenses risk; foreign currency risk; and mid- and small-capitalization companies risk. See the prospectus for a complete description of the principal risks.
The information provided in this material should not be considered a recommendation to buy, sell or hold any particular security. As of 12/31/22, the top ten holdings of Davis Select International ETF were: DBS Group Holdings, 7.14%; Danske Bank, 6.83%; Ping An Insurance Group, 6.60%; Julius Baer Group, 5.23%; AIA Group, 5.00%; Prosus, 4.93%; Naspers, 4.88%; Bank of N.T. Butterfield & Son, 4.59%; Hollysys Automation Technologies, 4.54%; and Samsung Electronics, 4.46%.
Davis Fundamental ETF Trust has adopted a Portfolio Holdings Disclosure policy that governs the release of non-public portfolio holding information. This policy is described in the prospectus. Holding percentages are subject to change. Visit davisetfs.com or call 800-279-0279 for the most current public portfolio holdings information.
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The MSCI ACWI (All Country World Index) ex US 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. The S&P 500 Index is an unmanaged index of 500 selected common stocks, most of which are listed on the New York Stock Exchange. The index is adjusted for dividends, weighted towards stocks with large market capitalizations and represents approximately two-thirds of the total market value of all domestic common stocks. The Bloomberg Barclays US Aggregate Bond Index is a broad-based flagship benchmark that measures the investment grade, US dollar-denominated, fixed-rate taxable bond market. The index includes Treasuries, government-related and corporate securities, MBS (agency fixed-rate pass-throughs), ABS and CMBS (agency and non- agency). Investments cannot be made directly in an index. The Bloomberg U.S. Long Treasury Bond Index measures US dollar-denominated, fixed-rate, nominal debt issued by the US Treasury with 10 years or more to maturity. Investments cannot be made directly in an index.
After 4/30/23, this material must be accompanied by a supplement containing performance data for the most recent quarter end.
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