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          <isin value="US8574771031"/>
          <ticker value="STT"/>
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        <balance>73847</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4655314.88</valUSD>
        <pctVal>3.8151686909</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TRUIST FINANCIAL CORP</name>
        <lei>549300DRQQI75D2JP341</lei>
        <title>TRUIST FINANCIAL CORP COMMON STOCK USD5.0</title>
        <cusip>89832Q109</cusip>
        <identifiers>
          <isin value="US89832Q1094"/>
          <ticker value="TFC"/>
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        <balance>12513</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>466985.16</valUSD>
        <pctVal>0.3827081964</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>US BANCORP</name>
        <lei>N1GZ7BBF3NP8GI976H15</lei>
        <title>US BANCORP</title>
        <cusip>902973304</cusip>
        <identifiers>
          <isin value="US9029733048"/>
          <ticker value="USB"/>
        </identifiers>
        <balance>282607</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>10315155.5</valUSD>
        <pctVal>8.4535760351</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WELLS FARGO + CO</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>WELLS FARGO + CO</title>
        <cusip>949746101</cusip>
        <identifiers>
          <isin value="US9497461015"/>
          <ticker value="WFC"/>
        </identifiers>
        <balance>196950</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5721397.5</valUSD>
        <pctVal>4.6888550341</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>METRO BANK PLC</name>
        <lei>213800X5WU57YL9GPK89</lei>
        <title>METRO BANK PLC COMMON STOCK GBP.000001</title>
        <cusip>ACI0L3FD1</cusip>
        <identifiers>
          <isin value="GB00BZ6STL67"/>
          <ticker value="MTRO"/>
          <other otherDesc="SEDOL" value="BZ6STL6"/>
        </identifiers>
        <balance>324239</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.793966"/>
        <valUSD>378077.24</valUSD>
        <pctVal>0.3098455176</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JULIUS BAER GROUP LTD</name>
        <lei>5299007MF0604ZGJER92</lei>
        <title>JULIUS BAER GROUP LTD</title>
        <cusip>B4R2R5908</cusip>
        <identifiers>
          <isin value="CH0102484968"/>
          <ticker value="JGE"/>
          <other otherDesc="SEDOL" value="B4R2R50"/>
        </identifiers>
        <balance>131468</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.96525"/>
        <valUSD>5153845.24</valUSD>
        <pctVal>4.2237291148</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BANK OF N.T. BUTTERFIELD+SON</name>
        <lei>549300V8RVM0EMTDPF28</lei>
        <title>BANK OF N.T. BUTTERFIELD+SON</title>
        <cusip>G0772R208</cusip>
        <identifiers>
          <isin value="BMG0772R2087"/>
          <ticker value="NTB"/>
        </identifiers>
        <balance>137499</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3026352.99</valUSD>
        <pctVal>2.4801860825</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EVEREST RE GROUP LTD</name>
        <lei>549300N24XF2VV0B3570</lei>
        <title>EVEREST RE GROUP LTD</title>
        <cusip>G3223R108</cusip>
        <identifiers>
          <isin value="BMG3223R1088"/>
          <ticker value="RE"/>
        </identifiers>
        <balance>7335</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1269908.55</valUSD>
        <pctVal>1.0407277413</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GREENLIGHT CAPITAL RE LTD A</name>
        <lei>549300Q9HRIFA2BGHJ51</lei>
        <title>GREENLIGHT CAPITAL RE LTD A</title>
        <cusip>G4095J109</cusip>
        <identifiers>
          <isin value="KYG4095J1094"/>
          <ticker value="GLRE"/>
        </identifiers>
        <balance>111412</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>726406.24</valUSD>
        <pctVal>0.5953114698</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHUBB LTD</name>
        <lei>E0JAN6VLUDI1HITHT809</lei>
        <title>CHUBB LTD</title>
        <cusip>H1467J104</cusip>
        <identifiers>
          <isin value="CH0044328745"/>
          <ticker value="CB"/>
        </identifiers>
        <balance>26900</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2905469</valUSD>
        <pctVal>2.3811180655</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SWISS RE AG</name>
        <lei>529900PS9YW3YY29F326</lei>
        <title>SWISS RE AG</title>
        <cusip>AC100MQT5</cusip>
        <identifiers>
          <isin value="CH0126881561"/>
          <ticker value="SREN"/>
          <other otherDesc="SEDOL" value="B545MG5"/>
        </identifiers>
        <balance>25416</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt="0.96525"/>
        <valUSD>1834217.62</valUSD>
        <pctVal>1.5031957701</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2020-05-12</ncom:dateSigned>
      <ncom:nameOfApplicant>Davis Fundamental ETF Trust</ncom:nameOfApplicant>
      <ncom:signature>Doug A. Haines</ncom:signature>
      <ncom:signerName>Doug A. Haines</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
