DFNL Davis Select Financial ETF
DFNL holds a concentrated portfolio of financial services companies of all capitalization, from both developed and emerging markets. The funds active management takes a bottom-up, research-driven approach to the global financial sector. DFNL emphasizes individual security selection and focuses particularly on the quality of a companys management, business model and competitive advantages. The fund manager aims to purchase securities at a discount to intrinsic value, ideally holding these positions for at least five years. DFNLs definition of the financial sector is consistent with the 2016 GICS reclassification, meaning it excludes real estate firms and REITs (but includes mortgage REITs). DFNL launched in January 2017 from issuer Davis, an established asset manager that is new to ETFs.
Performance
| 1M | 3M | YTD | 1Y | 3Y ann. | 5Y ann. | |
|---|---|---|---|---|---|---|
| DFNL | +5.1% | -3.0% | +6.0% | +12.1% | +24.1% | +9.6% |
| Equity average (4725 funds) | -2.2% | -4.1% | +2970.1% | +1851.6% | +14.2% | +2.3% |
Insider activity in the holdings
Open-market insider buying across this fund’s holdings over 90 days, weighted by holding weight: +$50K net.
| Holding | Weight | Insiders bought | Insiders sold |
|---|---|---|---|
| TFC Truist Financial Corp. | 2.26% | $2.2M | $0 |
Holdings · as of Nov 13, 2026
| # | Holding | Weight |
|---|---|---|
| 1 | COF Capital One Financial Corp. | 9.94% |
| 2 | USB U.S. Bancorp | 6.48% |
| 3 | MKL Markel Group Inc. | 6.14% |
| 4 | BRK-B Berkshire Hathaway Inc., Class B | 6.14% |
| 5 | FITB Fifth Third Bancorp | 5.84% |
| 6 | WFC Wells Fargo & Co. | 5.02% |
| 7 | CB Chubb Ltd. | 4.77% |
| 8 | JPM JPMorgan Chase & Co. | 4.47% |
| 9 | PNC PNC Financial Services Group, Inc. | 4.37% |
| 10 | DFNL Julius Baer Group Ltd. | 4.24% |
| 11 | RNR RenaissanceRe Holdings Ltd | 3.32% |
| 12 | AXP American Express Co. | 3.09% |
| 13 | CHYM Chime Financial, Inc., Class A | 3.05% |
| 14 | L Loews Corp. | 3.01% |
| 15 | EG Everest Group, Ltd. | 2.57% |
| 16 | EXO.AS Exor N.V. | 2.52% |
| 17 | RKT Rocket Companies, Inc., Class A | 2.52% |
| 18 | DANSKE.CO Danske Bank A/S | 2.49% |
| 19 | BNY Bank of New York Mellon Corp. | 2.27% |
| 20 | TFC Truist Financial Corp. | 2.26% |
| 21 | DNB.OL DNB Bank ASA | 2.02% |
| 22 | STT State Street Corp. | 2.01% |
| 23 | BAC Bank of America Corp. | 1.96% |
| 24 | NTB Bank of N.T. Butterfield & Son Ltd. | 1.78% |
| 25 | FI Fiserv, Inc. | 1.34% |
| 26 | MTB M&T Bank Corp. | 1.28% |
| 27 | SCHW Charles Schwab Corp. | 1.04% |
| 28 | PRX.AS Prosus N.V., Class N | 0.74% |
| 29 | 2318.HK Ping An Insurance (Group) | 0.36% |
Sector breakdown
Country breakdown
Distributions
| Date | Per unit |
|---|---|
| Dec 29, 2025 | $0.6600 |
| Dec 27, 2024 | $0.8326 |
| Dec 27, 2023 | $0.7038 |
| Dec 28, 2022 | $0.9050 |
| Dec 29, 2021 | $0.7490 |
| Dec 29, 2020 | $0.3470 |
| Dec 27, 2019 | $0.6420 |
| Dec 26, 2018 | $0.6399 |
| Dec 26, 2017 | $0.2626 |
Members of Congress who disclosed this ETF
No member of Congress has disclosed a trade in DFNL in the filings we hold.
Fund facts, prices, performance and distributions: our market-data vendor. Holdings: the vendor and SEC Form N-PORT. Insider and Congress data: InsiderBuying. Last updated Nov 13, 2026. This is historical data, not investment advice. Report a data error