DINT Fees and Costs — Davis Select International ETF
Data updated: 2026-09-28
The net expense ratio is 0.66%: a 0.55% management fee plus 0.11% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $143K in broker commissions, 0.0631% of average net assets, and portfolio turnover was 18%.
DINT Fees and Expenses
Annual operating expenses and sales charges of DINT. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | — |
| Other expenses | 0.11% |
| Gross expense ratio | 0.66% |
| Fee waiver | — |
| Net expense ratio | 0.66% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
DINT Costs Over Time
On $10,000 invested in DINT, assuming 5% a year before costs, total costs come to $455 over 5 years, cutting the return by 0.76% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.66%) | $69 | $217 | $377 |
| Trading costs (broker commissions) | $7 | $21 | $36 |
| Lost growth on money paid in costs | $0 | $12 | $42 |
| Total costs | $76 | $249 | $455 |
| Value after costs | $10,424 | $11,327 | $12,308 |
| Impact on return, per year | 0.76% | 0.76% | 0.76% |
DINT Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0631%
- Total broker commissions: $143K
- Bought from dealers (principal trades, not a cost): $1.6B
- Portfolio turnover (prospectus): 18%
- Securities lending: none during the year
DINT Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BTIG, LLC | $35K | 26.23% |
| Barclays Capital Inc. | $26K | 19.86% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $12K | 9.12% |
| J.P. Morgan Securities LLC | $12K | 9.11% |
| Jefferies LLC | $11K | 8.61% |
| UBS Securities LLC | $9K | 7.15% |
| CLSA Americas, LLC | $8K | 5.79% |
| Oppenheimer & Co. Inc. | $7K | 5.09% |
| JonesTrading Institutional Services LLC | $6K | 4.69% |
| Morgan Stanley & Co. LLC | $6K | 4.37% |
DINT Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| StoneX Financial Inc. | $1.1B | 65.74% |
| Nomura Securities International, Inc. | $520.6M | 32.14% |
| J.P. Morgan Securities LLC | $17.4M | 1.07% |
| Goldman, Sachs & Co. LLC | $15.0M | 0.93% |
| UBS Securities LLC | $1.3M | 0.08% |
| Virtu Americas LLC | $667K | 0.04% |
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.