DFNL Davis Select Financial ETF

Best-of-breed financial businesses.

Managers

Davis

Crosbie

NAV as of 1/6/26

Price	Change
$49.60	$0.17 / 0.34%

Market Price Market price generally reflects the official closing price of the Fund. as of 1/6/26

Price	Change
$49.77	$0.23 / 0.46%

Literature

Fund Overview

Seeks high-conviction, best-of-breed businesses
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 09/30/25

Selective	Attractive Growth	Undervalued
DFNL invests in only a select group of well-researched companies	DFNL portfolio companies have offered attractive growth	DFNL portfolio companies are 21% 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.
75 30	13.4% 12.2%	14.3x 18.0x
DFNL S&P 500 Financials

“The companies of Davis Select Financial ETF have grown more than the companies in the index, yet are 21% 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.”

Chris Davis , Portfolio Manager

Returns

Month

Return	YTD	1 Yr	3 Yr	5 Yr	Since Incept.
Total Return Represents changes to the NAV and accounts for distributions from the Fund.	21.84%	14.51%	19.59%	17.81%	12.08%
Market Price Returns are generally calculated using closing price and account for distributions from the Fund.	21.34%	14.23%	19.66%	17.86%	12.09%
S&P 500 Financials 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.	11.59%	5.53%	15.68%	15.96%	11.77%
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.	21.84%	13.92%	18.87%	17.17%	11.52%
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.	12.93%	8.87%	15.29%	14.28%	9.79%

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 1/11/17 Inception. Periods less than one year are not annualized. It is not possible to invest directly in an index.

Return	YTD	1 Yr	3 Yr	5 Yr	Since Incept.
Total Return Represents changes to the NAV and accounts for distributions from the Fund.	17.65%	21.22%	20.89%	20.98%	11.76%
Market Price Returns are generally calculated using closing price and account for distributions from the Fund.	17.29%	20.88%	20.90%	21.03%	11.77%
S&P 500 Financials 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.	9.55%	14.25%	17.60%	19.20%	11.65%
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.	17.65%	20.60%	20.16%	20.32%	11.19%
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.	10.45%	12.88%	16.37%	17.00%	9.50%

Return	YTD	1 Yr	3 Yr	5 Yr	Since Incept.
Total Return Represents changes to the NAV and accounts for distributions from the Fund.	19.00%	24.89%	25.81%	21.61%	12.02%
Market Price Returns are generally calculated using closing price and account for distributions from the Fund.	18.72%	24.91%	25.92%	21.63%	12.05%
S&P 500 Financials 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.	12.75%	20.75%	23.30%	19.69%	12.14%
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.	19.00%	24.26%	25.04%	20.95%	11.45%
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.	11.25%	15.06%	20.40%	17.54%	9.73%

Return	YTD	1 Yr	3 Yr	5 Yr	Since Incept.
Total Return Represents changes to the NAV and accounts for distributions from the Fund.	28.18%	28.18%	10.33%	10.77%	10.78%
Market Price Returns are generally calculated using closing price and account for distributions from the Fund.	28.58%	28.58%	10.44%	10.89%	10.84%
S&P 500 Financials 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.	30.56%	30.56%	9.41%	11.69%	11.66%
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.	27.52%	27.52%	9.66%	10.17%	10.16%
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.	17.15%	17.15%	7.94%	8.46%	8.63%

Return	YTD	1 Yr	3 Yr	5 Yr	Since Incept.
Total Return Represents changes to the NAV and accounts for distributions from the Fund.	14.21%	14.21%	11.10%	10.51%	8.49%
Market Price Returns are generally calculated using closing price and account for distributions from the Fund.	14.44%	14.44%	11.14%	10.69%	8.51%
S&P 500 Financials 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.	12.15%	12.15%	10.65%	11.96%	9.19%
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.	13.59%	13.59%	10.41%	9.90%	7.88%
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.	8.85%	8.85%	8.62%	8.29%	6.69%

Return	YTD	1 Yr	3 Yr	5 Yr	Since Incept.
Total Return Represents changes to the NAV and accounts for distributions from the Fund.	-8.24%	-8.24%	4.46%	5.18%	7.56%
Market Price Returns are generally calculated using closing price and account for distributions from the Fund.	-8.43%	-8.43%	4.46%	5.09%	7.55%
S&P 500 Financials 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.	-10.53%	-10.53%	5.90%	6.41%	8.70%
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.	-8.95%	-8.95%	3.88%	4.54%	6.95%
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.	-4.38%	-4.38%	3.42%	3.97%	5.90%

Month

Return	YTD	1 Yr	3 Yr	5 Yr	Since Incept.
Total Return Represents changes to the NAV and accounts for distributions from the Fund.	21.84%	14.51%	71.14%	127.05%	175.68%
Market Price Returns are generally calculated using closing price and account for distributions from the Fund.	21.34%	14.23%	71.42%	127.55%	175.75%
S&P 500 Financials 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.	11.59%	5.53%	54.85%	109.79%	168.89%
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.	21.84%	13.92%	68.02%	120.98%	163.64%
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.	12.93%	8.87%	53.30%	94.95%	129.35%

Return	YTD	1 Yr	3 Yr	5 Yr	Since Incept.
Total Return Represents changes to the NAV and accounts for distributions from the Fund.	17.65%	21.22%	76.78%	159.26%	166.21%
Market Price Returns are generally calculated using closing price and account for distributions from the Fund.	17.29%	20.88%	76.82%	159.81%	166.54%
S&P 500 Financials 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.	9.55%	14.25%	62.72%	140.75%	163.97%
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.	17.65%	20.60%	73.57%	152.33%	154.58%
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.	10.45%	12.88%	57.65%	119.37%	122.48%

Return	YTD	1 Yr	3 Yr	5 Yr	Since Incept.
Total Return Represents changes to the NAV and accounts for distributions from the Fund.	19.00%	24.89%	99.27%	166.10%	169.27%
Market Price Returns are generally calculated using closing price and account for distributions from the Fund.	18.72%	24.91%	99.80%	166.29%	169.78%
S&P 500 Financials 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.	12.75%	20.75%	87.55%	145.77%	171.68%
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.	19.00%	24.26%	95.64%	158.99%	157.50%
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.	11.25%	15.06%	74.64%	124.48%	124.70%

Return	YTD	1 Yr	3 Yr	5 Yr	Since Incept.
Total Return Represents changes to the NAV and accounts for distributions from the Fund.	28.18%	28.18%	34.33%	66.87%	126.27%
Market Price Returns are generally calculated using closing price and account for distributions from the Fund.	28.58%	28.58%	34.75%	67.75%	127.24%
S&P 500 Financials 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.	30.56%	30.56%	31.00%	73.90%	140.95%
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.	27.52%	27.52%	31.89%	62.41%	116.39%
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.	17.15%	17.15%	25.78%	50.13%	93.48%

Return	YTD	1 Yr	3 Yr	5 Yr	Since Incept.
Total Return Represents changes to the NAV and accounts for distributions from the Fund.	14.21%	14.21%	37.12%	64.86%	76.53%
Market Price Returns are generally calculated using closing price and account for distributions from the Fund.	14.44%	14.44%	37.28%	66.19%	76.73%
S&P 500 Financials 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.	12.15%	12.15%	35.49%	75.99%	84.56%
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.	13.59%	13.59%	34.61%	60.33%	69.68%
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.	8.85%	8.85%	28.15%	48.97%	57.04%

Return	YTD	1 Yr	3 Yr	5 Yr	Since Incept.
Total Return Represents changes to the NAV and accounts for distributions from the Fund.	-8.24%	-8.24%	13.99%	28.76%	54.57%
Market Price Returns are generally calculated using closing price and account for distributions from the Fund.	-8.43%	-8.43%	14.00%	28.22%	54.43%
S&P 500 Financials 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.	-10.53%	-10.53%	18.77%	36.48%	64.57%
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.	-8.95%	-8.95%	12.12%	24.89%	49.38%
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.	-4.38%	-4.38%	10.63%	21.49%	40.85%

Historical Prices as of 1/6/26

Start Date

Top Industries as of 1/6/26 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 industry 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.

Name	DFNL (%)	S&P 500 Financials (%)
Banks	41.3%	27.6%
Financial Services	39.2%	59.7%
Insurance	18.2%	12.7%
Consumer Discretionary Distrb & Retail	1.3%	—

Holdings as of 1/6/26

Name	DFNL (%)	S&P 500 Financials (%)
Capital One Financial	10.28%	2.04%
Berkshire Hathaway	5.41%	11.36%
U.S. Bancorp	5.29%	1.08%
Markel Group	4.97%	—
Fifth Third Bancorp	4.93%	0.41%
Wells Fargo	4.71%	3.76%
JPMorgan Chase	4.65%	11.31%
PNC Financial Services Group	4.47%	1.06%
Julius Baer Group	4.15%	—
Chubb	4.14%	1.41%

Name	Ticker	DFNL (%)	S&P 500 Financials (%)	Shares	Market Value ($)	CUSIP	SEDOL
Capital One Financial Corp.	COF	10.28	2.04	170,015	43,853,669	14040H105	2654461
Berkshire Hathaway Inc., Class B	BRK B	5.41	11.36	46,276	23,094,038	084670702	2073390
U.S. Bancorp	USB	5.29	1.08	402,462	22,570,069	902973304	2736035
Markel Group Inc.	MKL	4.97	—	9,935	21,189,666	570535104	2566436
Fifth Third Bancorp	FITB	4.93	0.41	422,867	21,050,319	316773100	2336747
Wells Fargo & Co.	WFC	4.71	3.76	208,591	20,106,086	949746101	2649100
JPMorgan Chase & Co.	JPM	4.65	11.31	59,314	19,847,058	46625H100	2190385
PNC Financial Services Group, Inc.	PNC	4.47	1.06	87,411	19,059,094	693475105	2692665
Julius Baer Group Ltd.	BAER SE	4.15	—	217,031	17,699,584		B4R2R50
Chubb Ltd.	CB	4.14	1.41	57,146	17,674,686	H1467J104	B3BQMF6
American Express Co.	AXP	4.05	2.56	45,050	17,279,378	025816109	2026082
Danske Bank A/S	DANSKE DC	3.61	—	307,927	15,411,811		4588825
Loews Corp.	L	2.95	0.22	119,567	12,577,253	540424108	2523022
RenaissanceRe Holdings Ltd	RNR	2.65	—	41,612	11,318,464	G7496G103	2728429
Rocket Companies, Inc., Class A	RKT	2.61	—	525,059	11,136,501	77311W101	BMD6Y84
Chime Financial, Inc., Class A	CHYM	2.59	—	408,810	11,037,870	16935C109	BTCHBL9
DBS Group Holdings Ltd.	DBS SP	2.53	—	237,594	10,788,879		6175203
Bank of America Corp.	BAC	2.41	4.78	179,555	10,279,524	060505104	2295677
Truist Financial Corp.	TFC	2.39	0.81	199,593	10,215,170	89832Q109	BKP7287
Bank of New York Mellon Corp.	BK	2.38	1.05	83,648	10,147,339	064058100	B1Z77F6
Exor N.V.	EXO NA	2.20	—	108,572	9,400,373		BMJ1825
Everest Group, Ltd.	EG	2.09	0.17	26,858	8,925,451	G3223R108	2556868
DNB Bank ASA	DNB NO	1.71	—	262,162	7,284,046		BNG7113
Bank of N.T. Butterfield & Son Ltd.	NTB	1.64	—	139,895	6,989,154	G0772R208	BD8FF02
State Street Corp.	STT	1.62	0.47	51,315	6,892,631	857477103	2842040
Fiserv, Inc.	FISV	1.50	0.46	93,185	6,407,401	337738108	2342034
M&T Bank Corp.	MTB	1.34	0.40	27,033	5,712,884	55261F104	2340168
Prosus N.V., Class N	PRX NA	1.29	—	86,131	5,519,256		BJDS7L3
Charles Schwab Corp.	SCHW	1.21	2.15	49,845	5,162,447	808513105	2779397
Ping An Insurance (Group)	2318 HK	0.83	—	384,500	3,550,905		B01FLR7
Metro Bank Holdings PLC	MTRO LN	0.38	—	951,614	1,613,436		BMX3W47
Norwegian Krone		—	—	0	20	Foreign Currency
Euro Currency		—	—	0	7	Foreign Currency
Cash Component		3.02	—	0	0
Total		100.00	45.50

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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 2025
Days traded at premium	186
Days traded at discount	64

Fund Details as of 1/6/26

Detail	Value
Inception Date	1/11/17
Ticker	DFNL
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.	31
Number of Holdings in Benchmark Index	74
Investment Manager	Davis Selected Advisers, L.P.
Total Net Assets($M)	426.567
Exchange	Cboe Global Markets, Inc.
CUSIP	23908L108
Custodian	State Street Bank and Trust Company
Benchmark Index	S&P 500 Financials
Shares Outstanding	8,600,000
Dividend Frequency	Annually
Options Available	Yes
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.	114,650
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.	57,443
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.	0.24%
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.	0.34%

Portfolio Statistics as of 1/6/26

Statistic	Value
Forward P/E 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.	13.9
Index Forward P/E	18.3
P/B Price/Book (P/B) Ratio is the weighted average of the P/B ratios of the stocks in a portfolio. The P/B ratio of a stock is calculated by dividing the current price of the stock by the company's per share book value.
Weighted Avg. Market Cap ($bn) Weighted Average Market Capitalization is the portfolio-weighted mean capitalizations of all equity securities.
Historical 5 Year EPS Growth 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.	13.9
Index Historical 5 Year EPS Growth	13.4

52 Week High/Low as of 1/6/26

High/Low	NAV	Market Price
52 Week High	49.60	50.59
52 Week Low	34.59	32.37