Prospectus Supplement dated March 18, 2021

To

Davis Select U.S. Equity ETF

Davis Select International ETF

Davis Select Worldwide ETF

Davis Select Financial ETF

Portfolios of Davis Fundamental ETF Trust

Summary Prospectuses, Prospectus, and SAI dated February 26, 2021

Effective on March 23, 2021, the listing of all four ETFs will transfer from Nasdaq to Cboe Global Markets, Inc. On that date, all references to Nasdaq in each Fund’s Summary Prospectus, Prospectus and SAI are changed to Cboe Global Markets, Inc.