Form NPORT-P Davis Fundamental ETF For: Jul 30

  
    NPORT-P
    false
    
      
      
        
          0001670310
          XXXXXXXX
        
      
      
      
      
        S000055343
        C000174139
      
      
      
    
  
  
    
      Davis Fundamental ETF Trust
      811-23181
      0001670310
      254900TFED1P6S2E2805
      2949 E. Elvira Road
      Suite 101
      Tucson
      
      85756
      520-806-7600
      Davis Select Financial ETF
      S000055343
      549300VL9ZDEW6HVG789
      2021-10-31
      2021-07-30
      N
    
    
      213638472.560000000000
      3823396.340000000000
      209815076.220000000000
      0.000000000000
      0.000000000000
      0.000000000000
      0.000000000000
      0.000000000000
      0.000000000000
      0.000000000000
      0.000000000000
      0.000000000000
      0.000000000000
      0.000000000000
      0.000000000000
      0.000000000000
      414.910000000000
      N
      
        
          
        
        
        
        
      
      
      
      
    
    
      
        STONEX REPO
        N/A
        
        ARP0QTZ46
        
          
        
        2459000
        PA
        USD
        2459000
        1.1719844180
        Long
        RA
        USGA
        US
        N
        
        2
        
          2021-08-02
          Fixed
          0.05
          N
          N
          N
        
        
          Repurchase
          
          Y
          0.05
          2021-08-02
          
            
              4983808.770350263
              USD
              2403967.1812017276
              USD
              AMBS
            
            
              103293.10686725416
              USD
              104212.81881953892
              USD
              UST
            
          
        
        
          N
          N
          N
        
      
      
        NOMURA REPO
        N/A
        
        ARP0QTZ53
        
          
        
        2330000
        PA
        USD
        2330000
        1.1105017056
        Long
        RA
        USGA
        US
        N
        
        2
        
          2021-08-02
          Fixed
          0.045
          N
          N
          N
        
        
          Repurchase
          
          Y
          0.045
          2021-08-02
          
            
              3318972.44
              USD
              2376600.0002486
              USD
              UST
            
          
        
        
          N
          N
          N
        
      
      
        TRUIST REPO
        N/A
        
        ARP0QTZ61
        
          
        
        582000
        PA
        USD
        582000
        0.2773871213
        Long
        RA
        USGA
        US
        N
        
        2
        
          2021-08-02
          Fixed
          0.05
          N
          N
          N
        
        
          Repurchase
          
          Y
          0.05
          2021-08-02
          
            
              576473
              USD
              593640.5324451909
              USD
              AMBS
            
          
        
        
          N
          N
          N
        
      
      
        ALLEGHANY CORP
        549300DCJE6AYX159479
        
        017175100
        
          
          
        
        9485
        NS
        USD
        6289503.5
        2.9976413580
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        AMERICAN EXPRESS CO
        R4PP93JZOLY261QX3811
        
        025816109
        
          
          
        
        53062
        NS
        USD
        9048662.86
        4.3126847808
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        BANK OF AMERICA CORP
        9DJT3UXIJIZJI4WXO774
        
        060505104
        
          
          
        
        244575
        NS
        USD
        9381897
        4.4715075623
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        BANK OF NEW YORK MELLON CORP
        WFLLPEPC7FZXENRZV188
        
        064058100
        
          
          
        
        172597
        NS
        USD
        8859404.01
        4.2224820874
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        BERKSHIRE HATHAWAY INC CL B
        5493000C01ZX7D35SD85
        
        084670702
        
          
          
        
        46507
        NS
        USD
        12942433.03
        6.1684952593
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        CAPITAL ONE FINANCIAL CORP
        ZUE8T73ROZOF6FLBAR73
        
        14040H105
        
          
          
        
        136923
        NS
        USD
        22140449.1
        10.5523632996
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        DANSKE BANK A/S
        MAES062Z21O4RZ2U7M96
        
        458882909
        
          
          
          
        
        383512
        NS
        
        6727207.78
        3.2062556710
        Long
        EC
        CORP
        DK
        N
        
        1
        
          N
          N
          N
        
      
      
        JPMORGAN CHASE + CO
        8I5DZWZKVSZI1NUHU748
        
        46625H100
        
          
          
        
        60768
        NS
        USD
        9223367.04
        4.3959505705
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        LOEWS CORP
        R8V1FN4M5ITGZOG7BS19
        
        540424108
        
          
          
        
        148323
        NS
        USD
        7954562.49
        3.7912254130
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        M + T BANK CORP
        549300WYXDDBYRASEG81
        
        55261F104
        
          
          
        
        24295
        NS
        USD
        3251885.75
        1.5498818334
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        MARKEL CORP
        549300SCNO12JLWIK605
        
        570535104
        
          
          
        
        8509
        NS
        USD
        10263300.53
        4.8915934521
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        DBS GROUP HOLDINGS LTD
        5493007FKT78NKPM5V55
        
        617520903
        
          
          
          
        
        372486
        NS
        
        8359938.94
        3.9844319534
        Long
        EC
        CORP
        SG
        N
        
        1
        
          N
          N
          N
        
      
      
        PNC FINANCIAL SERVICES GROUP
        CFGNEKW0P8842LEUIA51
        
        693475105
        
          
          
        
        54227
        NS
        USD
        9891547.07
        4.7144119709
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        ROCKET COS INC CLASS A
        N/A
        
        77311W101
        
          
          
        
        276654
        NS
        USD
        4769514.96
        2.2731993553
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        SCHWAB (CHARLES) CORP
        549300VSGCJ7E698NM85
        
        808513105
        
          
          
        
        101531
        NS
        USD
        6899031.45
        3.2881485803
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        STATE STREET CORP
        549300ZFEEJ2IP5VME73
        
        857477103
        
          
          
        
        25500
        NS
        USD
        2222070
        1.0590611695
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        TRUIST FINANCIAL CORP
        549300DRQQI75D2JP341
        
        89832Q109
        
          
          
        
        32110
        NS
        USD
        1747747.3
        0.8329941449
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        US BANCORP
        N1GZ7BBF3NP8GI976H15
        
        902973304
        
          
          
        
        267905
        NS
        USD
        14879443.7
        7.0916942519
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        WELLS FARGO + CO
        PBLD0EJDB5FWOLXP3B76
        
        949746101
        
          
          
        
        264074
        NS
        USD
        12131559.56
        5.7820247136
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        METRO BANK PLC
        213800X5WU57YL9GPK89
        
        ACI0L3FD1
        
          
          
          
        
        332578
        NS
        
        443792.37
        0.2115159587
        Long
        EC
        CORP
        GB
        N
        
        1
        
          N
          N
          N
        
      
      
        DNB BANK ASA
        549300GKFG0RYRRQ1414
        
        ACI1YWP65
        
          
          
          
        
        342881
        NS
        
        7026639.7
        3.3489679706
        Long
        EC
        CORP
        NO
        N
        
        1
        
          N
          N
          N
        
      
      
        PING AN INSURANCE GROUP CO H
        529900M9MC28JLN35U89
        
        B01FLR903
        
          
          
          
        
        151670
        NS
        
        1330087.63
        0.6339332969
        Long
        EC
        CORP
        CN
        N
        
        1
        
          N
          N
          N
        
      
      
        JULIUS BAER GROUP LTD
        5299007MF0604ZGJER92
        
        B4R2R5908
        
          
          
          
        
        133827
        NS
        
        8855318.63
        4.2205349537
        Long
        EC
        CORP
        CH
        N
        
        1
        
          N
          N
          N
        
      
      
        BANK OF N.T. BUTTERFIELD+SON
        549300V8RVM0EMTDPF28
        
        G0772R208
        
          
          
        
        141031
        NS
        USD
        4673767.34
        2.2275650655
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        EVEREST RE GROUP LTD
        549300N24XF2VV0B3570
        
        G3223R108
        
          
          
        
        7528
        NS
        USD
        1903304.24
        0.9071341651
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        GREENLIGHT CAPITAL RE LTD A
        549300Q9HRIFA2BGHJ51
        
        G4095J109
        
          
          
        
        114264
        NS
        USD
        1005523.2
        0.4792425874
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        CHUBB LTD
        E0JAN6VLUDI1HITHT809
        
        H1467J104
        
          
          
        
        67920
        NS
        USD
        11460820.8
        5.4623437965
        Long
        EC
        CORP
        CH
        
        N
        
        1
        
          N
          N
          N
        
      
    
    
      2021-08-19
      Davis Fundamental ETF Trust
      Doug A. Haines
      Doug A. Haines
      Treasurer
    
  
  XXXX

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DAVIS FUNDAMENTAL ETF TRUST	Schedule of Investments
DAVIS SELECT U.S. EQUITY ETF	July 31, 2021 (Unaudited)

							Shares				Value
COMMON STOCK – (95.11%)
	COMMUNICATION SERVICES – (15.02%)
		Media & Entertainment – (15.02%)
				Alphabet Inc., Class C  *					14,267		$	38,583,960
				Facebook, Inc., Class A  *					55,741			19,860,519
						Total Communication Services						58,444,479
	CONSUMER DISCRETIONARY – (12.41%)
		Retailing – (12.41%)
				Alibaba Group Holding Ltd., ADR  (China)*					77,653			15,157,089
				Amazon.com, Inc.  *					7,635			25,406,150
				Naspers Ltd. - N  (South Africa)					20,982			4,041,375
				Vroom, Inc.  *					99,452			3,683,702
						Total Consumer Discretionary						48,288,316
	FINANCIALS – (56.06%)
		Banks – (20.86%)
				Bank of America Corp.					189,820			7,281,495
				Danske Bank A/S  (Denmark)					249,255			4,372,197
				DBS Group Holdings Ltd.  (Singapore)					801,491			17,988,370
				JPMorgan Chase & Co.					84,424			12,813,875
				U.S. Bancorp					267,425			14,852,785
				Wells Fargo & Co.					519,476			23,864,727
												81,173,449
		Diversified Financials – (28.04%)
			Capital Markets – (2.77%)
				Bank of New York Mellon Corp.					210,244			10,791,825
			Consumer Finance – (17.38%)
				American Express Co.					99,869			17,030,661
				Capital One Financial Corp.					312,866			50,590,432
												67,621,093
			Diversified Financial Services – (7.89%)
				Berkshire Hathaway Inc., Class B  *					110,256			30,683,142
												109,096,060
		Insurance – (7.16%)
			Life & Health Insurance – (4.31%)
				AIA Group Ltd.  (Hong Kong)					639,020			7,655,593
				Ping An Insurance (Group) Co. of China Ltd. - H  (China)					1,037,990			9,102,774
												16,758,367
			Property & Casualty Insurance – (2.85%)
				Markel Corp.  *					9,197			11,093,145
												27,851,512
						Total Financials						218,121,021
	HEALTH CARE – (5.06%)
		Health Care Equipment & Services – (3.17%)
				Cigna Corp.					13,196			3,028,350
				Quest Diagnostics Inc.					65,705			9,316,969
												12,345,319
		Pharmaceuticals, Biotechnology & Life Sciences – (1.89%)
				Viatris Inc.					521,417			7,336,337
						Total Health Care						19,681,656

1

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DAVIS FUNDAMENTAL ETF TRUST	Schedule of Investments
DAVIS SELECT U.S. EQUITY ETF - (CONTINUED)	July 31, 2021 (Unaudited)

									Shares/Principal				Value
COMMON STOCK – (CONTINUED)
	INDUSTRIALS – (1.11%)
			Capital Goods – (1.11%)
				Raytheon Technologies Corp.							49,334		$	4,289,591
								Total Industrials						4,289,591
	INFORMATION TECHNOLOGY – (5.45%)
			Semiconductors & Semiconductor Equipment – (5.45%)
				Applied Materials, Inc.							84,247			11,788,683
				Intel Corp.							175,406			9,422,810
								Total Information Technology						21,211,493
						TOTAL COMMON STOCK – (Identified cost $242,541,339)								370,036,556
SHORT-TERM INVESTMENTS – (4.32%)
				Nomura Securities International, Inc. Joint Repurchase Agreement, 0.045%, 08/02/21, dated 07/30/21, repurchase value of $7,298,027 (collateralized by: U.S. Government agency obligations in a pooled cash account, 0.00%-3.625%, 11/15/22-04/15/28, total market value $7,443,960)						$	7,298,000			7,298,000
				StoneX Financial Inc. Joint Repurchase Agreement, 0.05%, 08/02/21, dated 07/30/21, repurchase value of $7,704,032 (collateralized by: U.S. Government agency mortgages and obligations in a pooled cash account, 0.00%-9.00%, 07/31/21-08/15/56, total market value $7,858,080)							7,704,000			7,704,000
				Truist Securities, Inc. Joint Repurchase Agreement, 0.05%, 08/02/21, dated 07/30/21, repurchase value of $1,825,008 (collateralized by: U.S. Government agency mortgages in a pooled cash account, 1.50%-3.00%, 07/01/31-07/01/51, total market value $1,861,500)							1,825,000			1,825,000
						TOTAL SHORT-TERM INVESTMENTS – (Identified cost $16,827,000)								16,827,000
					Total Investments – (99.43%) – (Identified cost $259,368,339)									386,863,556
					Other Assets Less Liabilities – (0.57%)									2,215,216
							Net Assets – (100.00%)						$	389,078,772
	ADR: American Depositary Receipt
	*	Non-income producing security.
Please refer to "Notes to Schedule of Investments" on page 10 for the Fund's policy regarding valuation of investments.
For information regarding the Fund's other significant accounting policies, please refer to the Fund's most recent Semi-Annual or Annual Shareholder Report.

2

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DAVIS FUNDAMENTAL ETF TRUST	Schedule of Investments
DAVIS SELECT FINANCIAL ETF	July 31, 2021 (Unaudited)

								Shares				Value
COMMON STOCK – (97.48%)
	FINANCIALS – (97.48%)
		Banks – (44.09%)
			Banks – (41.82%)
				Bank of America Corp.						244,575		$	9,381,897
				Bank of N.T. Butterfield & Son Ltd.  (Bermuda)						141,031			4,673,767
				Danske Bank A/S  (Denmark)						383,512			6,727,208
				DBS Group Holdings Ltd.  (Singapore)						372,486			8,359,939
				DNB Bank ASA  (Norway)						342,881			7,026,640
				JPMorgan Chase & Co.						60,768			9,223,367
				M&T Bank Corp.						24,295			3,251,886
				Metro Bank PLC  (United Kingdom)*						332,578			443,792
				PNC Financial Services Group, Inc.						54,227			9,891,547
				Truist Financial Corp.						32,110			1,747,747
				U.S. Bancorp						267,905			14,879,444
				Wells Fargo & Co.						264,074			12,131,559
													87,738,793
			Thrifts & Mortgage Finance – (2.27%)
				Rocket Companies, Inc., Class A						276,654			4,769,515
													92,508,308
		Diversified Financials – (33.82%)
			Capital Markets – (12.79%)
				Bank of New York Mellon Corp.						172,597			8,859,404
				Charles Schwab Corp.						101,531			6,899,031
				Julius Baer Group Ltd.  (Switzerland)						133,827			8,855,319
				State Street Corp.						25,500			2,222,070
													26,835,824
			Consumer Finance – (14.86%)
				American Express Co.						53,062			9,048,663
				Capital One Financial Corp.						136,923			22,140,449
													31,189,112
			Diversified Financial Services – (6.17%)
				Berkshire Hathaway Inc., Class B  *						46,507			12,942,433
													70,967,369
		Insurance – (19.57%)
			Life & Health Insurance – (1.04%)
				Ping An Insurance (Group) Co. of China Ltd. - H (China)						249,150			2,184,950
			Property & Casualty Insurance – (14.15%)
				Chubb Ltd.						67,920			11,460,821
				Loews Corp.						148,323			7,954,562
				Markel Corp.  *						8,509			10,263,301
													29,678,684
			Reinsurance – (4.38%)
				Alleghany Corp.  *						9,485			6,289,504
				Everest Re Group, Ltd.						7,528			1,903,304
				Greenlight Capital Re, Ltd., Class A  *						114,264			1,005,523
													9,198,331
													41,061,965
							Total Financials						204,537,642
					TOTAL COMMON STOCK – (Identified cost $159,765,224)								204,537,642

3

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DAVIS FUNDAMENTAL ETF TRUST	Schedule of Investments
DAVIS SELECT FINANCIAL ETF - (CONTINUED)	July 31, 2021 (Unaudited)

							Principal				Value
SHORT-TERM INVESTMENTS – (2.56%)
			Nomura Securities International, Inc. Joint Repurchase Agreement, 0.045%, 08/02/21, dated 07/30/21, repurchase value of $2,330,009 (collateralized by: U.S. Government agency obligation in a pooled cash account, 0.00%, 02/15/39, total market value $2,376,600)					$	2,330,000		$	2,330,000
			StoneX Financial Inc. Joint Repurchase Agreement, 0.05%, 08/02/21, dated 07/30/21, repurchase value of $2,459,010 (collateralized by: U.S. Government agency mortgages and obligations in a pooled cash account, 0.00%-9.00%, 07/31/21-08/15/56, total market value $2,508,180)						2,459,000			2,459,000
			Truist Securities, Inc. Joint Repurchase Agreement, 0.05%, 08/02/21, dated 07/30/21, repurchase value of $582,002 (collateralized by: U.S. Government agency mortgages in a pooled cash account, 1.50%-2.00%, 07/01/31-07/01/36, total market value $593,640)						582,000			582,000
					TOTAL SHORT-TERM INVESTMENTS – (Identified cost $5,371,000)							5,371,000
				Total Investments – (100.04%) – (Identified cost $165,136,224)								209,908,642
				Liabilities Less Other Assets – (0.04%)								(90,364)
						Net Assets – (100.00%)					$	209,818,278
	*	Non-income producing security.
Please refer to "Notes to Schedule of Investments" on page 10 for the Fund's policy regarding valuation of investments.
For information regarding the Fund's other significant accounting policies, please refer to the Fund's most recent Semi-Annual or Annual Shareholder Report.

4

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DAVIS FUNDAMENTAL ETF TRUST	Schedule of Investments
DAVIS SELECT WORLDWIDE ETF	July 31, 2021 (Unaudited)

							Shares				Value
COMMON STOCK – (98.11%)
	COMMUNICATION SERVICES – (16.48%)
		Media & Entertainment – (16.48%)
				Alphabet Inc., Class C  *					7,068		$	19,114,840
				Baidu, Inc., Class A, ADR  (China)*					43,993			7,215,292
				Facebook, Inc., Class A  *					47,299			16,852,634
				IAC/InterActiveCorp  *					39,880			5,475,125
				iQIYI, Inc., Class A, ADR  (China)*					306,277			3,418,051
				Kuaishou Technology, Class B  (China)*					4,200			59,505
				Liberty Media Corp., Liberty Formula One, Series A  *					84,293			3,494,788
				Liberty Media Corp., Liberty Formula One, Series C  *					112,090			5,260,384
				Vimeo, Inc.  *					64,738			2,900,262
						Total Communication Services						63,790,881
	CONSUMER DISCRETIONARY – (24.58%)
		Retailing – (24.58%)
				Alibaba Group Holding Ltd., ADR  (China)*					93,451			18,240,701
				Amazon.com, Inc.  *					4,021			13,380,239
				JD.com, Inc., Class A, ADR  (China)*					283,266			20,077,894
				Meituan, Class B  (China)*					390,340			10,799,315
				Naspers Ltd. - N  (South Africa)					71,467			13,765,370
				Prosus N.V., Class N  (Netherlands)					84,880			7,536,561
				Quotient Technology Inc.  *					300,280			3,261,041
				Vroom, Inc.  *					218,912			8,108,500
						Total Consumer Discretionary						95,169,621
	CONSUMER STAPLES – (0.97%)
		Food, Beverage & Tobacco – (0.97%)
				Darling Ingredients Inc.  *					54,493			3,763,832
						Total Consumer Staples						3,763,832
	FINANCIALS – (39.00%)
		Banks – (19.89%)
				Bank of N.T. Butterfield & Son Ltd.  (Bermuda)					175,796			5,825,879
				Danske Bank A/S  (Denmark)					1,064,336			18,669,584
				DBS Group Holdings Ltd.  (Singapore)					943,636			21,178,620
				DNB Bank ASA  (Norway)					237,275			4,862,462
				Metro Bank PLC  (United Kingdom)*					648,169			864,917
				Wells Fargo & Co.					556,885			25,583,297
												76,984,759
		Diversified Financials – (12.38%)
			Capital Markets – (3.32%)
				Julius Baer Group Ltd.  (Switzerland)					135,326			8,954,507
				Noah Holdings Ltd., Class A, ADS  (China)*					101,252			3,908,327
												12,862,834
			Consumer Finance – (4.23%)
				Capital One Financial Corp.					101,104			16,348,517
			Diversified Financial Services – (4.83%)
				Berkshire Hathaway Inc., Class B  *					67,192			18,698,862
												47,910,213
		Insurance – (6.73%)
			Life & Health Insurance – (6.73%)
				AIA Group Ltd.  (Hong Kong)					1,282,390			15,363,300

5

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DAVIS FUNDAMENTAL ETF TRUST	Schedule of Investments
DAVIS SELECT WORLDWIDE ETF - (CONTINUED)	July 31, 2021 (Unaudited)

								Shares/Principal				Value
COMMON STOCK – (CONTINUED)
	FINANCIALS – (CONTINUED)
		Insurance – (Continued)
			Life & Health Insurance – (Continued)
				Ping An Insurance (Group) Co. of China Ltd. - H  (China)						1,220,645		$	10,704,588
													26,067,888
							Total Financials						150,962,860
	HEALTH CARE – (4.06%)
		Health Care Equipment & Services – (1.34%)
				Cigna Corp.						22,568			5,179,130
		Pharmaceuticals, Biotechnology & Life Sciences – (2.72%)
				Viatris Inc.						749,352			10,543,383
							Total Health Care						15,722,513
	INDUSTRIALS – (0.53%)
		Transportation – (0.53%)
				DiDi Global Inc., Class A, ADS  (China)*						200,258			2,064,660
							Total Industrials						2,064,660
	INFORMATION TECHNOLOGY – (12.49%)
		Semiconductors & Semiconductor Equipment – (5.89%)
				Applied Materials, Inc.						86,776			12,142,566
				Intel Corp.						198,192			10,646,874
													22,789,440
		Software & Services – (0.89%)
				Clear Secure, Inc., Class A  *						69,668			3,443,689
		Technology Hardware & Equipment – (5.71%)
				Hollysys Automation Technologies Ltd.  (China)						682,227			10,287,983
				Samsung Electronics Co., Ltd.  (South Korea)						173,065			11,811,000
													22,098,983
							Total Information Technology						48,332,112
					TOTAL COMMON STOCK – (Identified cost $304,741,714)								379,806,479
SHORT-TERM INVESTMENTS – (2.20%)
				Nomura Securities International, Inc. Joint Repurchase Agreement, 0.045%, 08/02/21, dated 07/30/21, repurchase value of $3,694,014 (collateralized by: U.S. Government agency obligation in a pooled cash account, 3.375%, 04/15/32, total market value $3,767,880)					$	3,694,000			3,694,000
				StoneX Financial Inc. Joint Repurchase Agreement, 0.05%, 08/02/21, dated 07/30/21, repurchase value of $3,899,016 (collateralized by: U.S. Government agency mortgages and obligations in a pooled cash account, 0.00%-9.00%, 07/31/21-08/15/56, total market value $3,976,980)						3,899,000			3,899,000
				Truist Securities, Inc. Joint Repurchase Agreement, 0.05%, 08/02/21, dated 07/30/21, repurchase value of $924,004 (collateralized by: U.S. Government agency mortgages in a pooled cash account, 2.00%-3.00%, 07/01/41-07/01/51, total market value $942,480)						924,000			924,000
					TOTAL SHORT-TERM INVESTMENTS – (Identified cost $8,517,000)								8,517,000

6

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DAVIS FUNDAMENTAL ETF TRUST	Schedule of Investments
DAVIS SELECT WORLDWIDE ETF - (CONTINUED)	July 31, 2021 (Unaudited)

			Total Investments – (100.31%) – (Identified cost $313,258,714)			$	388,323,479
			Liabilities Less Other Assets – (0.31%)				(1,208,337)
				Net Assets – (100.00%)		$	387,115,142
	ADR: American Depositary Receipt
	ADS: American Depositary Share
	*	Non-income producing security.
Please refer to "Notes to Schedule of Investments" on page 10 for the Fund's policy regarding valuation of investments.
For information regarding the Fund's other significant accounting policies, please refer to the Fund's most recent Semi-Annual or Annual Shareholder Report.

7

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DAVIS FUNDAMENTAL ETF TRUST	Schedule of Investments
DAVIS SELECT INTERNATIONAL ETF	July 31, 2021 (Unaudited)

							Shares				Value
COMMON STOCK – (97.82%)
	COMMUNICATION SERVICES – (5.13%)
		Media & Entertainment – (5.13%)
				Baidu, Inc., Class A, ADR  (China)*					49,450		$	8,110,295
				iQIYI, Inc., Class A, ADR  (China)*					516,526			5,764,430
				Kuaishou Technology, Class B  (China)*					3,480			49,304
						Total Communication Services						13,924,029
	CONSUMER DISCRETIONARY – (26.48%)
		Consumer Durables & Apparel – (3.88%)
				Fila Holdings Corp.  (South Korea)					231,915			10,524,636
		Retailing – (22.60%)
				Alibaba Group Holding Ltd., ADR  (China)*					76,986			15,026,897
				JD.com, Inc., Class A, ADR  (China)*					195,605			13,864,482
				Meituan, Class B  (China)*					504,070			13,945,819
				Naspers Ltd. - N  (South Africa)					54,523			10,501,760
				Prosus N.V., Class N  (Netherlands)					69,769			6,194,844
				Trip.com Group Ltd., ADR  (China)*					70,274			1,822,205
												61,356,007
						Total Consumer Discretionary						71,880,643
	FINANCIALS – (36.55%)
		Banks – (20.80%)
				Bank of N.T. Butterfield & Son Ltd.  (Bermuda)					408,967			13,553,167
				Danske Bank A/S  (Denmark)					814,007			14,278,547
				DBS Group Holdings Ltd.  (Singapore)					761,690			17,095,091
				DNB Bank ASA  (Norway)					528,947			10,839,679
				Metro Bank PLC  (United Kingdom)*					516,133			688,728
												56,455,212
		Diversified Financials – (7.26%)
			Capital Markets – (7.26%)
				Julius Baer Group Ltd.  (Switzerland)					234,236			15,499,371
				Noah Holdings Ltd., Class A, ADS  (China)*					109,243			4,216,780
												19,716,151
		Insurance – (8.49%)
			Life & Health Insurance – (8.49%)
				AIA Group Ltd.  (Hong Kong)					1,159,690			13,893,328
				Ping An Insurance (Group) Co. of China Ltd. - H (China)					1,042,216			9,139,834
												23,033,162
						Total Financials						99,204,525
	HEALTH CARE – (3.68%)
		Pharmaceuticals, Biotechnology & Life Sciences – (3.68%)
				Novartis AG, ADR  (Switzerland)					46,712			4,315,721
				Roche Holding AG - Genusschein  (Switzerland)					14,629			5,657,968
						Total Health Care						9,973,689
	INDUSTRIALS – (13.76%)
		Capital Goods – (13.02%)
				Brenntag SE  (Germany)					47,549			4,749,299
				Ferguson PLC  (United Kingdom)					108,724			15,248,660
				Schneider Electric SE  (France)					91,544			15,344,335
												35,342,294

8

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DAVIS FUNDAMENTAL ETF TRUST	Schedule of Investments
DAVIS SELECT INTERNATIONAL ETF - (CONTINUED)	July 31, 2021 (Unaudited)

									Shares/Principal				Value
COMMON STOCK – (CONTINUED)
	INDUSTRIALS – (CONTINUED)
		Transportation – (0.74%)
			DiDi Global Inc., Class A, ADS  (China)*								194,689		$	2,007,243
								Total Industrials						37,349,537
	INFORMATION TECHNOLOGY – (12.22%)
		Semiconductors & Semiconductor Equipment – (4.36%)
			Tokyo Electron Ltd.  (Japan)								28,900			11,833,444
		Technology Hardware & Equipment – (7.86%)
			Hollysys Automation Technologies Ltd.  (China)								519,696			7,837,016
			Samsung Electronics Co., Ltd.  (South Korea)								197,782			13,497,837
														21,334,853
								Total Information Technology						33,168,297
					TOTAL COMMON STOCK – (Identified cost $218,555,038)									265,500,720
SHORT-TERM INVESTMENTS – (2.68%)
			Nomura Securities International, Inc. Joint Repurchase Agreement, 0.045%, 08/02/21, dated 07/30/21, repurchase value of $3,151,012 (collateralized by: U.S. Government agency obligations in a pooled cash account, 0.00%-3.625%, 11/15/22-08/15/40, total market value $3,214,020)							$	3,151,000			3,151,000
			StoneX Financial Inc. Joint Repurchase Agreement, 0.05%, 08/02/21, dated 07/30/21, repurchase value of $3,327,014 (collateralized by: U.S. Government agency mortgages and obligations in a pooled cash account, 0.00%-9.00%, 07/31/21-08/15/56, total market value $3,393,540)								3,327,000			3,327,000
			Truist Securities, Inc. Joint Repurchase Agreement, 0.05%, 08/02/21, dated 07/30/21, repurchase value of $788,003 (collateralized by: U.S. Government agency mortgages in a pooled cash account, 1.50%-3.00%, 07/01/31-07/01/51, total market value $803,760)								788,000			788,000
					TOTAL SHORT-TERM INVESTMENTS – (Identified cost $7,266,000)									7,266,000
				Total Investments – (100.50%) – (Identified cost $225,821,038)										272,766,720
				Liabilities Less Other Assets – (0.50%)										(1,347,204)
							Net Assets – (100.00%)						$	271,419,516
	ADR: American Depositary Receipt
	ADS: American Depositary Share
	*	Non-income producing security.
Please refer to "Notes to Schedule of Investments" on page 10 for the Fund's policy regarding valuation of investments.
For information regarding the Fund's other significant accounting policies, please refer to the Fund's most recent Semi-Annual or Annual Shareholder Report.

9

---

DAVIS FUNDAMENTAL ETF TRUST	Notes to Schedule of Investments
	July 31, 2021 (Unaudited)

Security Valuation - The Funds calculate the net asset value of their shares as of the close of the New York Stock Exchange ("Exchange"), normally 4:00 P.M. Eastern time, on each day the Exchange is open for business. Securities listed on the Exchange (and other national exchanges including NASDAQ) are valued at the last reported sales price on the day of valuation. Listed securities for which no sale was reported on that date are valued at the last quoted bid price. Securities traded on foreign exchanges are valued based upon the last sales price on the principal exchange on which the security is traded prior to the time when the Funds' assets are valued. Securities (including restricted securities) for which market quotations are not readily available or securities whose values have been materially affected by what Davis Selected Advisers, L.P. ("Adviser"), the Funds' investment adviser, identifies as a significant event occurring before the Funds' assets are valued, but after the close of their respective exchanges will be fair valued using a fair valuation methodology applicable to the security type or the significant event as previously approved by the Funds' Pricing Committee and Board of Trustees. The Pricing Committee considers all facts it deems relevant that are reasonably available, through either public information or information available to the Adviser's portfolio management team, when determining the fair value of a security. To assess the appropriateness of security valuations, the Adviser may consider (i) comparing prior day prices and/or prices of comparable securities; (ii) comparing sale prices to the prior or current day prices and challenge those prices exceeding certain tolerance levels with the third-party pricing service or broker source; (iii) new rounds of financing; (iv) the performance of the market or the issuer's industry; (v) the liquidity of the security; (vi) the size of the holding in a fund; and/or (vii) any other appropriate information. The determination of a security's fair value price often involves the consideration of a number of subjective factors and is therefore subject to the unavoidable risk that the value assigned to a security may be higher or lower than the security's value would be if a reliable market quotation of the security was readily available. Fair value determinations are subject to review, approval, and ratification by the Funds' Board of Trustees at its next regularly scheduled meeting covering the period in which the fair valuation was determined.

Short-term investments purchased within 60 days to maturity are valued at amortized cost, which approximates market value.

The Funds' valuation procedures are reviewed and subject to approval by the Board of Trustees. There have been no significant changes to the fair valuation procedures during the period.

Fair Value Measurements - Fair value is defined as the price that the Funds would receive upon selling an investment in an orderly transaction to an independent buyer in the principal market for the investment. Various inputs are used to determine the fair value of the Funds' investments. These inputs are summarized in the three broad levels listed below.

Level 1 –	quoted prices in active markets for identical securities
Level 2 –	other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)
Level 3 –	significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments)

The inputs or methodologies used for valuing securities are not necessarily an indication of the risks associated with investing in those securities nor can it be assured that the Funds can obtain the fair value assigned to a security if they were to sell the security.

10

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DAVIS FUNDAMENTAL ETF TRUST	Notes to Schedule of Investments – (Continued)
	July 31, 2021 (Unaudited)

Security Valuation – (Continued)

Fair Value Measurements - (Continued)

The following is a summary of the inputs used as of July 31, 2021 in valuing each Fund's investments carried at value:

	Investments in Securities at Value
										Davis Select
	Davis Select			Davis Select			Davis Select			International
	U.S. Equity ETF			Financial ETF			Worldwide ETF			ETF
Valuation Inputs
Level 1 – Quoted Prices:
Common Stock:
Communication Services	$	58,444,479		$	–		$	63,790,881		$	13,924,029
Consumer Discretionary		48,288,316			–			95,169,621			71,880,643
Consumer Staples		–			–			3,763,832			–
Financials		218,121,021			204,537,642			150,962,860			99,204,525
Health Care		19,681,656			–			15,722,513			9,973,689
Industrials		4,289,591			–			2,064,660			37,349,537
Information Technology		21,211,493			–			48,332,112			33,168,297
Total Level 1		370,036,556			204,537,642			379,806,479			265,500,720
Level 2 – Other Significant Observable Inputs:
Short-Term Investments		16,827,000			5,371,000			8,517,000			7,266,000
Total Level 2		16,827,000			5,371,000			8,517,000			7,266,000
Level 3 – Significant Unobservable Inputs:
Total Level 3		–			–			–			–
Total Investments	$	386,863,556		$	209,908,642		$	388,323,479		$	272,766,720

Federal Income Taxes

At July 31, 2021, the unrealized appreciation (depreciation) and aggregate cost of investments for federal income tax purposes were as follows:

										Davis Select
	Davis Select			Davis Select			Davis Select			International
	U.S. Equity ETF			Financial ETF			Worldwide ETF			ETF
Unrealized appreciation	$	130,222,186		$	47,405,456		$	87,350,177		$	54,886,355
Unrealized depreciation		(3,978,576)			(3,106,784)			(15,494,396)			(10,328,707)
Net unrealized appreciation	$	126,243,610		$	44,298,672		$	71,855,781		$	44,557,648
Aggregate cost	$	260,619,946		$	165,609,970		$	316,467,698		$	228,209,072

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