ETF Evaluator:
Davis Select US Equity ETF (DUSA)
Follow This ETF
(as of Jul 31)
Best Performing in Large Value Over the Last Year
| 80.0% | iShares MSCI USA Value Factor ETF (VLUE) |
| 37.2% | Invesco S&P S&P 500 Concentrated QVM ETF (QVMT) |
| 36.6% | SEI QiM U.S. Lrg Cap Value Actv ETF (SEIV) |
| 35.3% | Avantis US Large Cap Value ETF (AVLV) |
| 35.1% | LSV Disciplined Value ETF (LSVD) |
Risk
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Risk
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ETF Details
Davis Select US Equity ETF Overview
Davis Select US Equity ETF (DUSA) is an actively managed U.S. Equity Large Value exchange-traded fund (ETF). Davis ETFs launched the ETF in 2017.
The investment seeks long-term capital growth and capital preservation.
Under normal market conditions, the fund will invest at least 80% of its net assets plus any borrowings for investment purposes in equity securities issued by U.S. companies. The fund's portfolio generally contains between 15 and 35 companies. It may invest a portion of its assets in financial services companies. The fund may also invest in mid- and small-capitalization companies, which the manager considers to be those companies with less than $10 billion in market capitalization. It may invest up to 20% of net assets in non-U.S. companies. The fund is non-diversified.
About Davis Select US Equity ETF (DUSA)
There are 2 members of the management team with an average tenure of 9.47 years: Christopher Davis (2017) and Danton Goei (2017). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: S&P 500 (TR) (1970) index with a weighting of 100%. Davis Select US Equity ETF has 27 securities in its portfolio. The top 10 holdings constitute 58.7% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Davis Select US Equity ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. Davis Select US Equity ETF has 5.8% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 94.2% There is 5.8% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Davis Select US Equity ETF has 0.0% of the portfolio in cash.
Assets Under Management
The fund has $1 billion in total assets, which is below the $5 billion average for the Large Value category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
DUSA Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Davis Select US Equity ETF expense ratio is average compared to funds in the Large Value category. Davis Select US Equity ETF has an expense ratio of 0.59%, which is 60% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Davis Select US Equity ETF has a portfolio turnover rate of 8%, which indicates that it holds its assets around / 0.1 years. By way of comparison, the average portfolio turnover is 41% for the Large Value category.
Recently, in the month of June 2026, Davis Select US Equity ETF returned 1.2%, which earned it a grade of C, as the Large Value category had an average return of 1.1%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Davis Select US Equity ETF has a trailing yield of 0.87%, which is below the 1.74% category average.
The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Davis Select US Equity ETF Grades
Year to date, the ETF has returned 10.2%, 1.7 percentage points worse than the category, which translates into a grade of D. The fund has returned 22.7% over the past year (grade of C), 22.6% over the past three years (grade of A) and 11.4% per year over the past five years (grade of C).
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DUSA Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| DUSA Return (NAV) | 1.2% | 10.6% | 22.7% | 22.6% | 11.4% | na |
| DUSA Return (Price) | 1.2% | 10.7% | 22.5% | 22.7% | 11.4% | na |
| NAV +/- Price Return | 0.043% | -0.131% | 0.120% | -0.015% | 0.028% | na |
| Large Value Avg | 1.1% | 9.8% | 22.0% | 16.7% | 11.0% | 12.2% |
| DUSA Grade (NAV) | C | C | C | A | C | na |
| +/- Category (NAV) | 0.1% | 0.8% | 0.7% | 6.0% | 0.4% | na |
| DUSA Tax-Cost Ratio | na | na | 0.4% | 0.6% | 0.5% | na |
DUSA Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| DUSA Return (NAV) | 10.2% | 22.4% | 20.5% | 33.7% | -19.3% | 17.7% | 14.1% | 30.4% | -11.6% | na | na |
| DUSA Return (Price) | 9.9% | 22.6% | 20.4% | 34.2% | -19.6% | 17.7% | 14.2% | 30.5% | -12.0% | na | na |
| NAV +/- Price Ret | -0.031% | 0.008% | -0.002% | 0.015% | 0.013% | 0.003% | 0.007% | 0.5% | 3.9% | na | na |
| Large Value Avg | 11.9% | 14.8% | 15.5% | 13.1% | -6.5% | 26.7% | 5.4% | 27.4% | -6.6% | 17.7% | 15.7% |
| DUSA Grade (NAV) | D | A | A | A | F | F | A | A | F | na | na |
| +/- Category | -1.7% | 7.6% | 5.0% | 20.6% | -12.8% | -9.0% | 8.7% | 3.0% | -5.0% | na | na |
| Risk Measures | |
| Beta: | 0.90 |
| R-Squared: | 68% |
| Standard Deviation: | 14.3% |
| Category Risk Index: | 1.17 |
| Category Risk Rating: | High |
| Total Risk Index: | 1.18 |
| Total Risk Rating: | Average |
| Portfolio Characteristics | |
| Yield: | 0.9% |
| Total Assets: | $ 1,221 Mil |
| Share Class Assets: | $ 1,221 Mil |
| Turnover: | 8.0% |
| Expense Ratio: | 0.59% |
| Index Fund: | No |
| Index Tracked: | S&P 500 (TR) (1970) |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 9.5 years | |||
| Average Tenure: 9.5 years | |||
| Managers (Year): Davis Christopher (2017), Goei Danton (2017) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 27 |
| % in Top 10 Holdings: | 58.7% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 5.8% |
Portfolio Allocation |
|
| Domestic Stock: | 94.2% |
| Foreign Stock: | 5.8% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.0% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Davis ETFs |
| Phone Number: | 800-279-0279 |
| Website: | |
| Inception Date: | January 11, 2017 |
Expenses and Fees
| Expense Ratio (%): | 0.59% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.37% |
