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.

Returns

  Since Incept. 1 Yr 3 Yr 5 Yr
Total Return Represents changes to the NAV and accounts for distributions from the Fund. -1.42% -- -- --
Market Price Represents changes to the midpoint price and accounts for distributions from the Fund. The midpoint is the average of the bid-ask prices at 4:00 ET when NAV is determined. -0.78% -- -- --
MSCI ACWI ex-U.S. Index 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. -0.71% -- -- --
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. -1.42% -- -- --
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. -0.84% -- -- --

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.

  Since Incept. 1 Yr 3 Yr 5 Yr
Total Return Represents changes to the NAV and accounts for distributions from the Fund. -1.42% -- -- --
Market Price Represents changes to the midpoint price and accounts for distributions from the Fund. The midpoint is the average of the bid-ask prices at 4:00 ET when NAV is determined. -0.78% -- -- --
MSCI ACWI ex-U.S. Index 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. -0.71% -- -- --
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. -1.42% -- -- --
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. -0.84% -- -- --

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 4/17/18

Prices

Regions as of 4/17/18

DINT (%) MSCI ACWI ex-U.S. Index (%)
Emerging Markets 56.5% 25.1%
Developed Ex US 40.5% 74.9%
ETF Cash Component 3.0% 0.0%

Top Countries as of 3/27/18

Name
China
Switzerland
France
Canada
South Africa
United Kingdom
Germany
India
Netherlands
Norway

Top Sectors as of 4/17/18 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. Index (%)
Industrials 22.8% 11.7%
Consumer Discretionary 22.4% 11.5%
Information Technology 16.0% 11.6%
Financials 14.1% 22.9%
Materials 7.9% 8.1%
Energy 7.2% 6.9%
Health Care 6.6% 7.7%
ETF Cash Component 3.0% 0.0%

Holdings as of 4/17/18

Name Ticker Weighting (%) Country
Alibaba Group Holding Ltd BABA 6.83% China
Naspers Ltd NPN 6.38% South Africa
Hollysys Automation Technologies Ltd HOLI 5.55% China
Safran SA SAF 4.81% France
New Oriental Education & Technology Group Inc EDU 4.60% China
Ferguson Plc FERG 4.53% Switzerland
Encana Corp ECA 4.01% Canada
Schneider Electric SE SU 3.89% France
JD.com Inc JD 3.89% China
InterGlobe Aviation Ltd INDIGO 3.88% India
Name Ticker Weighting (%) Shares Market Value ($) Country CUSIP SEDOL
Alibaba Group Holding Ltd BABA 6.83 7,182 1,283,423.40 China 01609W102 BP41ZD1
Naspers Ltd NPN 6.38 4,769 1,198,279.46 South Africa 6622691
Hollysys Automation Technologies Ltd HOLI 5.55 43,168 1,043,802.24 China G45667105 B0JCH50
Safran SA SAF 4.81 8,170 904,510.01 France B058TZ6
New Oriental Education & Technology Group Inc EDU 4.60 9,348 863,755.20 China 647581107 B1CN1G6
Ferguson Plc FERG 4.53 11,077 850,730.70 Switzerland BFNWV48
Encana Corp ECA 4.01 61,522 753,644.50 Canada 292505104 2793182
Schneider Electric SE SU 3.89 8,265 732,022.12 France 4834108
JD.com Inc JD 3.89 18,145 730,699.15 China 47215P106 BMM27D9
InterGlobe Aviation Ltd INDIGO 3.88 32,167 729,353.76 India BYYZ7D0
Tarena International Inc TEDU 3.53 61,940 663,996.80 China 876108101 BKXNG07
Noah Holdings Ltd NOAH 3.15 11,875 592,562.50 China 65487X102 B5MDP39
Lafargeholcim Ltd LHN 3.06 10,355 575,128.29 Switzerland BZ3DNX4
Sul America SA SULA11 2.67 84,094 502,278.49 Brazil B27WYK0
Shire PLC SHPG 2.46 2,983 462,633.47 United States 82481R106 B39JBM7
Akzo Nobel NV AKZA 2.42 4,693 455,710.06 Netherlands 5458314
Linde AG LINU 2.40 2,033 450,780.32 Germany BF8K6K8
Bank of N.T. Butterfield & Son Ltd NTB 2.40 9,994 450,329.64 United Kingdom G0772R208 BD8FF02
DNB ASA DNB 2.37 23,503 445,532.90 Norway 4263304
TAL Education Group TAL 2.33 12,084 437,561.64 China 874080104 B4MGD82
Seven Generations Energy Ltd VII 2.29 32,490 429,919.46 Canada 81783Q105 BRK0MM4
Fang Holdings Ltd SFUN 2.24 83,334 420,836.70 China 30711Y102 BYQ7J61
Novartis AG NVS 2.18 5,016 410,208.48 Switzerland 66987V109 2620105
Roche Holding AG ROG 1.97 1,653 370,641.55 Switzerland 7110388
Meggitt PLC MGGT 1.55 45,733 291,847.79 United Kingdom 0575809
CAR Inc 699 1.53 304,000 287,746.07 China BQQP9S1
Yirendai Ltd YRD 1.52 7,866 285,457.14 China 98585L100 BYPHX26
Ctrip.Com International Ltd CTRP 1.51 6,612 283,125.84 China 22943F100 2208987
Baidu Inc BIDU 1.43 1,140 268,663.80 China 056752108 B0FXT17
B3 SA Brasil Bolsa Balcao B3SA3 1.39 34,637 260,964.43 Brazil BG36ZK1
ZTO Express (Cayman) Inc ZTO 1.12 13,110 210,808.80 China 98980A105 BYYDFN0
Brenntag AG BNR 1.06 3,325 199,933.58 Germany B4YVF56
Paramount Resources Ltd POU 0.95 14,079 178,218.10 Canada 699320206 B073FP1
DBS Group Holdings Ltd D05 0.66 5,700 124,884.53 Singapore 6175203
Cash Component CASH 3.43 - -
Total   100.00          

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Fund Details as of 4/17/18

Inception Date 3/1/18
Ticker DINT
Objective Long-term growth of capital
Expense Ratio (gross/net) Davis Selected Advisers, L.P. has contractually agreed to waive fees and/or reimburse the Funds’ expenses to the extent necessary to cap total annual fund operating expenses as shown until March 1, 2018. After that date, there is no assurance that the Adviser will continue to cap expenses. The expense cap cannot be terminated prior to that date, without the consent of the Board of Trustees. 0.86%/0.75%
Number of Holdings The number of holdings in the Fund excluding cash positions and derivatives such as futures and currency forwards. 34
Investment Manager Davis Selected Advisers,L.P.
Total Net Assets ($M) 18.796
Asset Class Equity
Exchange NASDAQ
CUSIP 23908L 405
IOV / Intraday Ticker DINTIV
Custodian State Street Bank and Trust Company
Performance Benchmark MSCI ACWI ex-U.S. Index
Shares Outstanding 950,000
Dividend Frequency Annually
Options Available N
Daily Volume 28,460
Premium/Discount 0.38

Portfolio Statistics as of 3/31/18

Number of Holdings The number of holdings in the Fund excluding cash positions and derivatives such as futures and currency forwards. 31
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. 10.9
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. 3.5
Weighted Avg. Market Cap ($bn) Weighted Average Market Capitalization is the portfolio-weighted mean capitalizations of all equity securities. 66.8
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. 17.9