ATLASDavis Select Financial ETF (DFNL): outlook, holdings and fees
Davis Select Financial ETF (DFNL) is an exchange-traded fund and is managed by Davis ETFs. The expense ratio is 0.64% and the yield is 1.42%. The ten largest holdings are 57% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on DFNL
| Last price | $49.82 (-0.9%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 55% |
| Likely 1-month range (50%) | $48.82 – $51.35 |
| Normal 1-day range (±1σ) | ±0.9% |
| Distribution yield | 1.42% |
ATLAS probabilities use the same calibrated model as every stock page. A fair value is shown for companies, not funds; the holdings below link to the fair value of each company.
DFNL fund facts
| Issuer | Davis ETFs |
|---|---|
| Theme | Financials |
| Assets under management | $442M |
| Expense ratio | 0.64% |
| Number of holdings | 30 |
| Portfolio turnover | 7% |
| Inception | Jan 11, 2017 |
| Exchange | CBOE |
The fund's investment adviser, uses the Davis Investment Discipline to invest, under normal market conditions, at least 80% of its net assets plus any borrowings for investment purposes in securities issued by companies principally engaged in the financial services sector. The fund's portfolio generally contains between 15 and 35 companies. It invests, principally, in common stocks. The fund may invest in large, medium or small companies without regard to market capitalization and may invest in issuers in foreign countries, including countries with developed or emerging markets. It is…
DFNL top holdings
| Holding | Sector | Weight |
|---|---|---|
| Capital One Financial Corporation COF | Financial Services | 11.01% |
| U.S. Bancorp USB | Financial Services | 6.37% |
| Markel Corporation MKL | Financial Services | 5.95% |
| Fifth Third Bancorp FITB | Financial Services | 5.54% |
| Berkshire Hathaway Inc BRK-B | Financial Services | 5.83% |
| Wells Fargo & Company WFC | Financial Services | 4.95% |
| Chubb Ltd CB | Financial Services | 4.65% |
| JPMorgan Chase & Co JPM | Financial Services | 4.38% |
| Julius Baer Gruppe AG BAER | Financial Services | 4.22% |
| PNC Financial Services Group Inc PNC | Financial Services | 4.15% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
DFNL sector breakdown
| Sector | Weight |
|---|---|
| Financial Services | 95.5% |
| Technology | 3.7% |
| Consumer Cyclicals | 0.8% |
By region: North America 79.8%, Europe Developed 16.4%, Asia Developed 3.2%, Asia Emerging 0.6%.
DFNL returns and risk
| Year to date | +1.3% |
|---|---|
| 1 year | +14.3% |
| 3 years (annualised) | +26.0% |
| 5 years (annualised) | +11.3% |
| 10 years (annualised) | 0.0% |
| Volatility (3 years) | 15.5% |
| Sharpe ratio (3 years) | 1.26 |
Past returns do not guarantee future results.
DFNL: frequently asked questions
What does DFNL invest in?
Davis Select Financial ETF invests in a portfolio of securities. Its largest holdings are Capital One Financial Corporation (11.0%), U.S. Bancorp (6.4%), Markel Corporation (5.9%), Fifth Third Bancorp (5.5%), Berkshire Hathaway Inc (5.8%).
What is the DFNL expense ratio?
0.64% a year: about $64.00 for every $10,000 invested.
What is the DFNL dividend yield?
1.42%. ATLAS does not hold the exact distribution dates for ETFs.
Will DFNL go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 55%, with a likely range (50%) of $48.82 to $51.35 from $49.82 today. It is a probability, not a prediction.
How has DFNL performed?
Year to date +1.3%, one year +14.3%, three years +26.0% a year, five years +11.3% a year. Past returns do not guarantee future results.
Similar ETFs: Financials
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- State Street SPDR S&P Regional Banking ETF (KRE)
- iShares MSCI Europe Financials ETF (EUFN)
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Educational information, not investment advice. Disclaimer