Davis Advisors’ suite of three actively managed ETFs has reached its one-year anniversary. Since launch, each of the funds has surpassed the $100 million assets-under-management mark, and together they have more than $375m in AUM.

Chris Davis, portfolio manager and chairman, Davis Advisors.

“We’re delighted to celebrate the one year anniversary of the Davis ETFs: some of the first investment solutions that provide actively managed equity exposure in a traditional ETF wrapper,” said Chris Davis, portfolio manager and chairman of Boston-based Davis Advisors.

“We look forward to their continued growth as more and more investors see the value in a differentiated combination of active stock selection and Davis Advisors’ proven time-tested investment discipline offered with the benefits of an ETF.”

Each ETF utilizes a fundamental bottom-up approach, and consists of a high-conviction, benchmark-agnostic portfolio using Davis’s best investment ideas. The ETFs have low expected portfolio turnover and a strategic long-term time investment horizon.

The Davis Select U.S. Equity ETF (DUSA US) consists of a portfolio of around 20 US large-cap stocks. It represents the firm’s highest conviction stocks but its concentrated nature may make the fund more suitable as a complement to passive, index-oriented strategies, potentially enhancing total returns. The fund seeks to outperform the S&P 500 Index.

The Davis Select Financial ETF (DFNL US) consists of a relatively concentrated portfolio of around 20 financial companies that Davis believes to be best-of-breed. The fund seeks to outperform the S&P 500 Financials Index.

Davis said, “The financial sector is one of the most attractive areas in today’s market; however, it is vast and inefficient, so we believe selectivity and experienced active management are key to outperformance.”

The Davis Select Worldwide ETF (DWLD US) consists of a portfolio of around 40 global stocks that Davis believes to be best-of-breed.

Each fund has an expense ratio of 0.65%.