NEW YORK--(BUSINESS WIRE)--Davis Advisors announced today that it has expanded its successful suite of actively managed exchange traded funds (ETFs) with the launch of the Davis Select International ETF (DINT). DINT invests primarily in stocks with businesses outside the United States, has a net expense ratio of 0.75% and is managed by veteran portfolio manager Danton Goei, who joined Davis Advisors in 1998. The fund invests in approximately 30 stocks at a given time. As with all Davis ETFs, DINT seeks to offer long term capital appreciation through a high conviction, benchmark agnostic portfolio. It provides the traditional benefits of ETFs along with Davis’ unique investment discipline and experienced active management team.
“At Davis, we have made a long-term commitment to providing financial advisors and other investors with choice in how they access our equity strategies: through mutual funds, ETFs, and separately managed accounts (SMAs),” said Chris Davis, Portfolio Manager and Chairman. “Danton Goei has a proven record as an outstanding international stock picker, managing Davis international and global portfolios for well over a decade. This new ETF applies the time-tested Davis Investment Discipline to international investing, and provides our clients with another option as they look to build wealth over the long term.”
Davis Advisors is an equity manager in the major categories of international, global, and US large cap stocks, and the firm’s suite of ETFs also includes Davis Select Worldwide ETF (DWLD), Davis Select U.S. Equity ETF (DUSA), and Davis Select Financial ETF (DFNL). Each fund has more than $100M in AUM and together they have more than $437M in assets.1
Davis Advisors has decades of experience investing in high-conviction, benchmark-agnostic portfolios. Davis ETFs are among the first true actively-managed equity ETFs in the industry, have low expected portfolio turnover and a strategic long-term time investment horizon. Davis ETFs offer investors the traditional benefits of ETFs in general, which include low costs, tax efficiency, intraday liquidity, and transparency.2
To find out more about Davis ETFs, visit: www.davisetfs.com.
About Davis Advisors
Davis Advisors is an independent, employee-owned investment management firm founded in 1969 with more than $29 billion in assets under management as of December 31 2017. Since our founding more than 45 years ago, our mission has been to serve our shareholders and to do so with high integrity. We have an unrivaled alignment of interests, with over $2 billion invested by Davis Advisors, the Davis family and Foundation, our employees, and Fund directors side-by-side with clients in similarly managed accounts and strategies as of December 31, 2017.
This press release is for media use only. Before investing in the Davis Fundamental ETF Trust, 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 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.
Shares of Davis Fundamental ETF Trust are bought and sold at market price (not NAV) and are not individually redeemed from the ETF. There can be no guarantee that an active trading market for ETF shares will develop or be maintained, or that their listing will continue or remain unchanged. Buying or selling ETF shares on an exchange may require the payment of brokerage commissions and frequent trading may incur brokerage costs that detract significantly from investment returns.
Objective and Risks. DUSA’s investment objective is long-term capital growth and capital preservation. The Fund invests primarily in equity securities issued by large companies with market capitalizations of at least $10 billion. The investment objective of DWLD, DINT, and DFNL is long-term growth of capital. Under normal circumstances DFNL invests at least 80% of its net assets, plus any borrowing for investment purposes, in securities issued by companies principally engaged in the financial services sector. There can be no assurance that the Funds will achieve their objectives. An investment in Davis ETFs is subject to numerous risks, including possible loss of principal. The Funds are actively managed and do not seek to replicate a specified index. The Funds are subject to the following principal risks: authorized participant concentration risk, common stock risk, depositary receipts risk, exchange-traded fund risk, fees and expenses risk, financial services risk, focused portfolio risk, foreign country risk, foreign currency risk, headline risk, intraday indicative value risk, large-capitalization companies risk, manager risk, market trading risk, mid- and small-capitalization companies risk, and stock market risk. See the prospectus for a complete description of the principal risks.
Diversification does not ensure a profit or protect against a loss.
Shares of the Davis Fundamental ETF Trust are not deposits or obligations of any bank, are not guaranteed by any bank, are not insured by the FDIC or any other agency, and involve investment risks, including possible loss of the principal amount invested.
Foreside Fund Services, LLC, 800-279-0279, davisetfs.com
1 The Adviser has made significant investments in each of the Davis ETFs and owns more than 50% of the outstanding shares of Davis Select U.S. Equity ETF.
2 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.