Barron’s interviews PM Chris Davis – Podcast

Holdings are subject to change. Click here for current holdings: DUSA, DFNL, DFF.

Before investing in the Funds, you should carefully consider the investment objectives, risks, charges, and expenses of the Funds. The prospectus and summary prospectus contains this and other information about the Funds. You can obtain performance information and a current prospectus and summary prospectus by visiting davisfunds.com, selectedfunds.com, clipperfund.com, davisetfs.com, or calling 800-279-0279. Please read the prospectus or summary prospectus carefully before investing or sending money. Investing involves risks including possible loss of principal.

DAVIS DISTRIBUTORS, LLC (DDLLC) paid Wright’s Media, LLC (Wright’s Media) their customary licensing fee to post this podcast. Wright’s Media is not affiliated with DDLLC, and DDLLC did not commission Wright’s Media to create this podcast.

This podcast includes candid statements and observations regarding investment strategies, individual securities, and economic and market conditions; however, there is no guarantee that these statements, opinions or forecasts will prove to be correct. These comments may also include the expression of opinions that are speculative in nature and should not be relied on as statements of fact.

Objective and Risks. The investment objective of Davis Select U.S. Equity ETF is long-term capital growth and capital preservation. The investment objective of Davis Select Financial ETF and Davis Financial Fund is long-term growth of capital. There can be no assurance that a Fund will achieve its objective. Some important risks of an investment in the Funds are: authorized participant concentration risk (DUSA and DFNL): 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; common stock risk; credit risk (DFNL and DFF): The issuer of a fixed income security (potentially even the U.S. Government) may be unable to make timely payments of interest and principal; cybersecurity risk (DUSA and DFNL): a cybersecurity breach may disrupt the business operations of the Fund or its service providers; depositary receipts risk: depositary receipts involve higher expenses and may trade at a discount (or premium) to the underlying security; emerging market risk (DFNL and DFF); exchange-traded fund risk (DUSA and DFNL): the Fund is subject to the risks of owning the underlying securities as well as the risks of owning an exchange-traded fund generally; fees and expenses risk; financial services risk; focused portfolio risk; foreign country risk; foreign currency risk; headline risk; interest rate sensitivity risk (DFNL and DFF): interest rates may have a powerful influence on the earnings of financial institutions; large-capitalization companies risk; manager risk; market trading risk (DUSA and DFNL): 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; mid- and small-capitalization companies risk; and stock market 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.

Davis Fundamental ETF Trust and Davis Funds have 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 davisfunds.com or call 800-279-0279 for the most current public portfolio holdings information.

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 S&P 500 Financials is a capitalization-weighted index that tracks the companies in the financial sector as a subset of the S&P 500 Index. Investments cannot be made directly in an index.

Distributor for Davis Funds, Davis Distributors, LLC
800-279-0279, davisfunds.com

Distributor for Davis ETFs, Foreside Fund Services, LLC
800-279-0279, davisetfs.com