Davis Select U.S. Equity ETF (DUSA)
BATS BATS Primary 
DUSA: Defending The Neutral Stance Despite Recent Outperformance
Davis Select U.S. Equity ETF retains a Hold rating, as its growth-light factor mix and soft past performance do not support an upgrade. DUSA's portfolio is underweight in growth and GARP factors, while overweight in low volatility and value, limiting its upside potential versus IVV amid de-escalation. Despite the YTD outperformance, DUSA's total return since inception in 2017 is still approximately 60% weaker than IVV's.
Dodd Kittsley on Why Active Management Is Back in Focus
In a recent webcast, Dodd Kittsley, director of ETF strategy at Davis Advisors, sat down with Cinthia Murphy, director of research at VettaFi, to unpack how active management is evolving — and where the Davis Select U.S. Equity ETF (DUSA) fits into that shift.
DUSA Crosses $1 Billion Milestone as Value Resurgence Gains Steam
The Davis Select U.S. Equity ETF (DUSA) officially surpassed $1 billion in assets under management, marking a significant milestone for the active ETF. This achievement comes as the fund celebrates nine years of navigating the U.S. large-cap landscape with a high-conviction, benchmark-agnostic approach.
A New KAT in the ETF Jungle: Scharf's Funds Arrive With Scale
Yesterday a pair of ETFs from a new asset manager, Scharf Investments, began trading. While this might not seem case for celebration, the firm has a record of 42 years of active management and the funds — KAT and GKAT — launched with approximately $900 million in assets.
DUSA: A Concentrated Portfolio With Solid Track Record
DUSA offers a high conviction, value-focused approach with a concentrated portfolio, providing lower correlation and potential shelter if markets turn volatile. The fund trades at a modest valuation with a P/E below both the broader market and most peers, making it attractive for value-oriented investors. DUSA has delivered strong risk-adjusted returns and outperformed most value peers, though it trails the very top performers.
DUSA: Reexamination Finds The Same Issues, A Hold
DUSA is an actively managed vehicle, placing bets on just a handful of high-quality U.S. and international stocks. In the current iteration, there are 26 equities in its portfolio, with most net assets allocated to financials. Its bet on value in tech via INTC has backfired. The stock has been the key detractor from its performance, potentially leading to its inability to beat IVV in 2024.
DUSA: Unconvincing ETF With A High Fee
Davis Select U.S. Equity ETF is an actively managed ETF with a portfolio of only 26 companies and a 0.61% expense ratio. The DUSA ETF is overweight in its top holdings and in financials. DUSA has underperformed the S&P 500 and some passively managed growth and quality ETFs.
DUSA: High Cost, High Conviction Research Practices Lead To Mixed Results
DUSA is a high cost, high conviction ETF benchmarked against the S&P 500 Index. It has a 0.61% expense ratio and $521 million in assets under management. Recent results for active large-cap blend funds are encouraging, but for the most part, active funds have lagged passive funds over the last five years. DUSA is no different. Despite emphasizing how different DUSA is compared to broad market funds like SPY, ironically, its recent success is because it's overweighted mega-caps like Meta Platforms, Amazon, and Alphabet.
