The Davis Select U.S. Equity ETF (DUSA) is an actively managed equity ETF with $0.86 billion in assets under management. DUSA aims for long-term capital appreciation by investing in a concentrated portfolio of approximately 15 to 35 U.S. companies. With an expense ratio of 0.59%, DUSA focuses on high-conviction investments, potentially including mid- and small-cap companies, and may allocate up to 20% of its assets to non-U.S. companies. The fund's non-diversified approach distinguishes it from broader market ETFs.
Davis Select U.S. Equity ETF (DUSA) ETF — Price, Holdings & Analysis
The Davis Select U.S. Equity ETF (DUSA) is an actively managed equity ETF with $0.86 billion in assets under management. DUSA aims for long-term capital appreciation by investing in a concentrated portfolio of approximately 15 to 35 U.S. companies. With an expense ratio of 0.59%, DUSA focuses on high-conviction investments, potentially including mid- and small-cap companies, and may allocate up to 20% of its assets to non-U.S. companies. The fund's non-diversified approach distinguishes it from broader market ETFs.
ETF Overview
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.
The Davis Select U.S. Equity ETF (DUSA) seeks to achieve long-term capital growth by investing primarily in equity securities of U.S. companies. Under normal market conditions, the fund invests at least 80% of its net assets in U.S. equities, selecting a concentrated portfolio of typically 15 to 35 companies. This high-conviction strategy differentiates DUSA from more diversified ETFs. The fund may invest in mid- and small-capitalization companies (those with market caps less than $10 billion). DUSA also has the flexibility to invest up to 20% of its net assets in non-U.S. companies. A significant portion of the fund is allocated to financial services, with 27.2% of the portfolio invested in this sector. Top holdings include Capital One Financial Corp (7.94%), Tyson Foods Inc Class A (7.77%), and Coterra Energy Inc Ordinary Shares (6.78%). The fund's concentrated nature and active management reflect a belief in the manager's ability to identify and capitalize on specific investment opportunities.
Risk Metrics
DUSA's concentrated portfolio of 26 holdings introduces a higher level of concentration risk compared to more diversified equity ETFs. The fund's sector allocation also presents a risk, with a significant 27.2% allocation to financial services, making it susceptible to fluctuations in that sector. The fund's beta of 0.98 suggests it has slightly less volatility than the overall market. The expense ratio of 0.59% creates an expense drag on performance, which can be a factor particularly in periods of lower returns. these may be worth researching factors when evaluating DUSA, as its performance is heavily influenced by the performance of its top holdings and its concentrated sector exposure. Past performance does not guarantee future results.
<a href="/etf/gxg">Global X - MSCI Colombia ETF (GXG)</a> — 0.62% expense ratio
<a href="/etf/omfs">Invesco Russell 2000 Dynamic Multifactor ETF (OMFS)</a> — 0.39% expense ratio
<a href="/etf/xhb">State Street SPDR S&P Homebuilders ETF (XHB)</a> — 0.35% expense ratio
Risk Metrics
Beta: 0.98
Questions & Answers
What is DUSA and what does it track?
The Davis Select U.S. Equity ETF (DUSA) is an actively managed fund that invests primarily in equity securities of U.S. companies. Unlike passive ETFs that track an index, DUSA's portfolio is constructed based on the investment manager's selection of approximately 15 to 35 companies. The fund aims for long-term capital appreciation through a concentrated portfolio. DUSA may also invest in mid- and small-capitalization companies and can allocate up to 20% of its net assets to non-U.S. companies. As of 2026-03-15, DUSA has $0.86 billion in assets under management.
What is the expense ratio for DUSA?
The expense ratio for the Davis Select U.S. Equity ETF (DUSA) is 0.59%. This means that for every $10,000 invested in the fund, $59 is used to cover annual operating expenses. While this covers the fund's operational costs, it is important to consider this expense when evaluating the fund's potential returns. The expense ratio is higher than passively managed ETFs that track broad market indexes, but is comparable to other actively managed equity ETFs.
What are the top holdings in DUSA?
As of 2026-03-15, the top holdings in the Davis Select U.S. Equity ETF (DUSA) are: Capital One Financial Corp (7.94%), Tyson Foods Inc Class A (7.77%), Coterra Energy Inc Ordinary Shares (6.78%), U.S. Bancorp (6.69%), and Meta Platforms Inc Class A (6.68%). These holdings represent a significant portion of the fund's total assets, reflecting the fund's concentrated investment approach. The fund's top holdings span across various sectors, including financial services, consumer staples, and energy.
Is DUSA a good long-term investment?
Whether DUSA is a suitable long-term investment depends on an investor's individual circumstances and risk tolerance. DUSA's concentrated portfolio and active management strategy may offer the potential for outperformance, but also introduce higher volatility. The fund's expense ratio of 0.59% should be considered in the context of its potential returns. Investors should carefully evaluate DUSA's investment strategy, sector allocation, and risk profile in relation to their own investment goals and time horizon. Past performance does not guarantee future results.
How does DUSA compare to similar ETFs?
DUSA differentiates itself through its concentrated portfolio of approximately 15-35 holdings and active management. Many similar U.S. equity ETFs are passively managed and track broad market indexes, offering greater diversification but potentially lower alpha generation. DUSA's expense ratio of 0.59% is comparable to other actively managed ETFs, but higher than passively managed index funds. With AUM of $0.86 billion, DUSA is smaller than some of the largest U.S. equity ETFs, which can have tens or hundreds of billions in assets. The fund's focus on high-conviction investments and its ability to invest in mid- and small-cap companies further distinguish it from its peers.
Does DUSA pay dividends?
As of 2026-03-15, the Davis Select U.S. Equity ETF (DUSA) has a dividend yield of 0.00%. This indicates that the fund is not currently distributing dividends to its shareholders. The fund's investment strategy focuses on capital appreciation rather than income generation, which may explain the absence of dividend payouts. Investors seeking dividend income may want to consider other equity ETFs with a focus on dividend-paying stocks.