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        <fairValLevel>1</fairValLevel>
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        <name>NASPERS LTD N SHS</name>
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        <name>SAMSUNG ELECTRONICS CO LTD</name>
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        <name>OWENS CORNING</name>
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          <ticker value="DGX"/>
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        <fairValLevel>1</fairValLevel>
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        <name>TECK RESOURCES LTD CLS B</name>
        <lei>T8KI5SQ2JRWHL7XY0E11</lei>
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        <units>NS</units>
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        <invCountry>CA</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>US BANCORP</name>
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        <curCd>USD</curCd>
        <valUSD>11527849.8</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
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        <name>VIATRIS INC</name>
        <lei>254900ZZTSW7NL773X71</lei>
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          <ticker value="VTRS"/>
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        <curCd>USD</curCd>
        <valUSD>13281889.44</valUSD>
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        <fairValLevel>1</fairValLevel>
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        <name>WELLS FARGO + CO</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
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          <ticker value="WFC"/>
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        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>19491492</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PING AN INSURANCE GROUP CO H</name>
        <lei>529900M9MC28JLN35U89</lei>
        <title>PING AN INSURANCE GROUP CO H COMMON STOCK CNY1.0</title>
        <cusip>B01FLR903</cusip>
        <identifiers>
          <isin value="CNE1000003X6"/>
          <ticker value="2318"/>
          <other otherDesc="SEDOL" value="B01FLR7"/>
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        <balance>1036590</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84965"/>
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        <pctVal>2.2107168747</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>AIA GROUP LTD</name>
        <lei>ZP5ILWVSYE4LJGMMVD57</lei>
        <title>AIA GROUP LTD COMMON STOCK</title>
        <cusip>B4TX8S909</cusip>
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          <ticker value="1299"/>
          <other otherDesc="SEDOL" value="B4TX8S1"/>
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        <balance>325420</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.84965"/>
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        <pctVal>1.0398020667</pctVal>
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        <assetCat>EC</assetCat>
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        <invCountry>HK</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>PROSUS NV</name>
        <lei>635400Z5LQ5F9OLVT688</lei>
        <title>PROSUS NV COMMON STOCK EUR.05</title>
        <cusip>BJDS7L900</cusip>
        <identifiers>
          <isin value="NL0013654783"/>
          <ticker value="PRX"/>
          <other otherDesc="SEDOL" value="BJDS7L3"/>
        </identifiers>
        <balance>30406</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.907523"/>
        <valUSD>2273942.61</valUSD>
        <pctVal>0.6713868724</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2023-05-30</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>
