DFNL Performance — Davis Select Financial ETF
Data updated: 2026-09-28
DFNL returned +6.30% year to date and +20.51% over one year to Jul 2026. Annualised returns are +22.93% over 3 years and +14.01% over 5 years. The fund beat its Financials Equity category average: $100 invested three years ago grew to $186, against $152 for the category, and to $121 over one year, against $114. Volatility over the past three years was 15.05% a year. In the 12 months to Jul 2026 the fund took in a net $124.4M, and assets reached $479.63M.
DFNL Growth of $100
What $100 invested in Davis Select Financial ETF grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Financials Equity category average over the same months.
| Period | DFNL | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $121 | $114 |
| 3 years (Aug 2023 – Jul 2026) | $186 | $152 |
| 5 years (Aug 2021 – Jul 2026) | $193 | $147 |
| Since data start (Aug 2019 – Jul 2026) | $252 | $188 |
DFNL Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +6.30% |
| 1 year | +20.51% |
| 3 years (annualised) | +22.93% |
| 5 years (annualised) | +14.01% |
DFNL Annual Returns
Calendar-year total returns of Davis Select Financial ETF, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +6.30% |
| 2025 | +28.60% |
| 2024 | +28.17% |
| 2023 | +14.23% |
| 2022 | −8.23% |
| 2021 | +30.84% |
| 2020 | −5.05% |
| 2019 (Aug–Dec) | +10.41% |
DFNL Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | −0.5% | −1.7% | −4.9% | +5.6% | −2.0% | +6.8% | +3.4% | — | — | — | — | — |
| 2025 | +6.1% | +1.5% | −3.9% | −1.6% | +5.5% | +5.2% | +0.4% | +5.2% | −0.3% | −1.1% | +3.6% | +5.6% |
| 2024 | +1.1% | +2.9% | +5.9% | −2.9% | +4.5% | −1.6% | +7.5% | +3.1% | +0.2% | +1.9% | +9.6% | −6.0% |
| 2023 | +9.8% | −2.0% | −10.8% | +2.1% | −4.9% | +7.1% | +7.8% | −5.3% | −3.0% | −2.5% | +9.2% | +8.4% |
| 2022 | +3.2% | −0.9% | −1.1% | −8.9% | +3.7% | −10.9% | +5.3% | −2.9% | −7.7% | +11.4% | +7.0% | −4.0% |
| 2021 | −1.7% | +12.2% | +6.4% | +7.1% | +3.5% | −3.5% | −0.6% | +3.3% | −1.2% | +5.5% | −6.5% | +4.2% |
| 2020 | −3.5% | −10.5% | −23.9% | +8.7% | +2.3% | −0.3% | +3.1% | +5.1% | −5.4% | +1.5% | +18.2% | +6.0% |
| 2019 | — | — | — | — | — | — | — | −4.9% | +5.5% | +2.5% | +3.9% | +3.3% |
DFNL Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 15.05%
- 3-year Sharpe ratio: 1.22 (vs 4.5% risk-free rate)
- Best month: +9.63% (Nov 2024)
- Worst month: −6.02% (Dec 2024)
DFNL Fund Flows
Monthly money in and out of Davis Select Financial ETF, from SEC Form N-PORT.
- 12-month net flow: $124.4M
- 12-month gross sales (incl. reinvestments): $192.6M
- Sales ÷ redemptions: 2.82×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $22.7M | $13.9M | $8.8M |
| Jun 2026 | $3.4M | $35.4M | −$32.0M |
| May 2026 | $0 | $2.3M | −$2.3M |
| Apr 2026 | $4.8M | $4.7M | $60K |
| Mar 2026 | $7.8M | $0 | $7.8M |
| Feb 2026 | $1.2M | $0 | $1.2M |
| Jan 2026 | $73.1M | $2.4M | $70.7M |
| Dec 2025 | $37.4M | $5.0M | $32.4M |
| Nov 2025 | $36.6M | $0 | $36.6M |
| Oct 2025 | $4.4M | $0 | $4.4M |
| Sep 2025 | $1.1M | $4.6M | −$3.4M |
| Aug 2025 | $0 | $0 | $0 |
DFNL Assets Under Management
Net assets of Davis Select Financial ETF by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $479.63M |
| 2026-04-30 | $469.30M |
| 2026-01-31 | $465.78M |
| 2025-10-31 | $303.45M |
| 2025-07-31 | $291.54M |
| 2025-04-30 | $254.04M |
| 2025-01-31 | $255.58M |
| 2024-10-31 | $223.82M |
| 2024-07-31 | $207.41M |
| 2024-04-30 | $187.63M |
| 2024-01-31 | $186.46M |
| 2023-10-31 | $154.13M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.