Davis Advisors is an independent, employee-owned investment management firm founded in 1969. Our time-tested investment discipline is offered to clients through ETFs, mutual funds and separately managed accounts. Davis ETFs seek to build wealth for shareholders through a patient, long-term investment approach. We believe stocks represent ownership interests in businesses and therefore rigorously research company fundamentals. We are highly sensitive to valuation, as price is an important component in generating attractive long-term investment results. We are among the largest shareholders in each of our funds, which ensures that our interests are aligned with those of our clients.