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%%%% !1110 4444 % M%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 44 M44 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !111 M0 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% M!1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 % M%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 44 M44 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !111 M0 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% M!1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 % M%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 44 M44 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !111 M0 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% M!1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 % M%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 44 M44 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !111 M0 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% M!1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 % M%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 44 M44 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !111 M0 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% M!1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 % M%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 44 M44 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !111 M0 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% M!1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 % M%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 44 M44 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !111 M0 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% M!1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 % M%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 44 M44 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !111 M0 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% M!1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 % M%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 44 M44 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !111 M0 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% M!1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 % M%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 44 M44 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !111 M0 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% M!1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 % M%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 44 M44 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !111 M0 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% M!1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 % M%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 44 M44 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !111 M0 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% M!1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 % M%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 44 M44 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !111 M0 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% M!1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 % M%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 44 M44 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !111 M0 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% M!1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 % M%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 44 M44 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !111 M0 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% M!1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 % M%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 44 M44 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !111 M0 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% M!1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 % M%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 44 M44 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !111 M0 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% M!1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 % M%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 44 M44 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !111 M0 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% M!1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 % M%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 44 M44 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !111 M0 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% M!1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 % M%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 44 M44 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !111 M0 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% M!1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 % M%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 44 M44 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !111 M0 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% M!1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 % M%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 44 M44 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !111 M0 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% M!1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 % M%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 44 M44 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !111 M0 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% M!1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 % M%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 44 M44 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !111 M0 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% M!1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 % M%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 44 M44 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !111 M0 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% M!1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 % M%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 44 M44 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !111 M0 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% M!1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 % M%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 44 M44 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !111 M0 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% M!1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 % M%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 44 M44 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !111 M0 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% M!1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 % M%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 44 M44 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !111 M0 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% 3!1110 4444 %%%% !1110!__V0$! end
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
|
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.
|
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
|
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.
|
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
|
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
|
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.
|
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
|
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.
|
DAVIS FUNDAMENTAL ETF TRUST
|
Notes to Schedule of Investments
|
July 31, 2021 (Unaudited)
|
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)
|
DAVIS FUNDAMENTAL ETF TRUST
|
Notes to Schedule of Investments – (Continued)
|
July 31, 2021 (Unaudited)
|
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
|
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
|