Expense Ratio History

DFNL expense ratio history

Davis Select Financial ETF

Fund company
Davis Fundamental ETF
Type
ETF

0.61%

In basis points
61 basis points
Yearly cost per $10,000
$61
Prospectus dated
31 October 2025, filed with the SEC; rounded to 0.01%
Last change
Cut from 0.63% on 31 October 2025

Fee over time

DFNL expense ratio: 0.66% until 1 Mar 2018, then 0.76%; 0.76% until 1 Mar 2019, then 0.64%; 0.64% until 1 Mar 2022, then 0.62%; 0.62% until 1 Mar 2023, then 0.63%; 0.63% until 31 Oct 2025, then 0.61%; read at 0.61% on 31 Oct 2025.0.00%0.25%0.50%0.75%1.00%Jan 2017Jul 2018Jan 2020Jul 2021Jan 2023Jul 20240.66% before0.61% from 31 Oct 2025
DFNL expense ratio: 0.66% until 1 Mar 2018, then 0.76%; 0.76% until 1 Mar 2019, then 0.64%; 0.64% until 1 Mar 2022, then 0.62%; 0.62% until 1 Mar 2023, then 0.63%; 0.63% until 31 Oct 2025, then 0.61%; read at 0.61% on 31 Oct 2025.0.00%0.25%0.50%0.75%1.00%Jan 2017Jan 2020Jan 20230.66% before0.61% from 31 Oct 2025
Solid line: the fee in effect after each recorded change. Dashed: the fee before it. Dots: prospectuses filed with the SEC and dates we read the fee from a source.

Every figure we've recorded

DateFeeWhat happened
31 Oct 2025 0.61% In the prospectusTotal annual fund operating expenses in the prospectus dated 2025-10-31 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
31 Oct 2025 0.61% Cut from 0.63% to 0.61%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2026-02-26
1 Mar 2025 0.63% In the prospectusTotal annual fund operating expenses in the prospectus dated 2025-03-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
29 Feb 2024 0.63% In the prospectusTotal annual fund operating expenses in the prospectus dated 2024-02-29 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Mar 2023 0.63% In the prospectusTotal annual fund operating expenses in the prospectus dated 2023-03-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Mar 2023 0.63% Raised from 0.62% to 0.63%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2023-02-28
1 Mar 2022 0.62% In the prospectusTotal annual fund operating expenses in the prospectus dated 2022-03-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Mar 2022 0.62% Cut from 0.64% to 0.62%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2022-02-28
26 Feb 2021 0.64% In the prospectusTotal annual fund operating expenses in the prospectus dated 2021-02-26 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
28 Feb 2020 0.64% In the prospectusTotal annual fund operating expenses in the prospectus dated 2020-02-28 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Mar 2019 0.64% In the prospectusTotal annual fund operating expenses in the prospectus dated 2019-03-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Mar 2019 0.64% Cut from 0.76% to 0.64%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2019-03-22
1 Mar 2018 0.76% In the prospectusTotal annual fund operating expenses in the prospectus dated 2018-03-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Mar 2018 0.76% Raised from 0.66% to 0.76%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2018-03-13
11 Jan 2017 0.66% In the prospectusTotal annual fund operating expenses in the prospectus dated 2017-01-11 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS

What this fee costs

Change the amount, years or return. The estimate keeps the fee at 0.61% and the return steady each year, the same assumptions as the cost example in a fund's prospectus.

$764 in fees over 10 years

After fees, $10,000 grows to $15,345.

Fees paid on $10,000 at 5% a year
AfterFees paid
1 year$63
3 years$196
5 years$341
10 years$764

How we read this figure

The figure is the total annual fund operating expenses line of the fee table in the fund's prospectus, as tagged in the fund company's filing with the SEC. The SEC publishes these figures rounded to four decimal places, so 0.015% appears as 0.02%. The fund company's own page may show a more precise number.

SEC filings give 10 prospectuses for this share class since 2017. Each one is listed above with a link to the filing.

How we read fees

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