DAVIS FUNDAMENTAL ETF TRUST
|
Schedule of Investments
|
DAVIS SELECT U.S. EQUITY ETF
|
July 31, 2020 (Unaudited)
|
Shares
|
Value
|
|||||||||||
COMMON STOCK – (97.10%)
|
||||||||||||
COMMUNICATION SERVICES – (15.91%)
|
||||||||||||
Media & Entertainment – (15.91%)
|
||||||||||||
Alphabet Inc., Class C *
|
18,789
|
$
|
27,863,335
|
|||||||||
Facebook, Inc., Class A *
|
52,518
|
13,322,241
|
||||||||||
Total Communication Services
|
41,185,576
|
|||||||||||
CONSUMER DISCRETIONARY – (18.83%)
|
||||||||||||
Automobiles & Components – (0.14%)
|
||||||||||||
Adient plc *
|
21,543
|
358,475
|
||||||||||
Consumer Services – (4.43%)
|
||||||||||||
New Oriental Education & Technology Group, Inc., ADR (China)*
|
81,913
|
11,484,203
|
||||||||||
Retailing – (14.26%)
|
||||||||||||
Alibaba Group Holding Ltd., ADR (China)*
|
29,105
|
7,305,937
|
||||||||||
Amazon.com, Inc. *
|
8,198
|
25,944,047
|
||||||||||
Naspers Ltd. - N (South Africa)
|
19,950
|
3,673,297
|
||||||||||
36,923,281
|
||||||||||||
Total Consumer Discretionary
|
48,765,959
|
|||||||||||
FINANCIALS – (42.74%)
|
||||||||||||
Banks – (15.98%)
|
||||||||||||
Bank of America Corp.
|
178,060
|
4,430,133
|
||||||||||
DBS Group Holdings Ltd. (Singapore)
|
413,290
|
5,946,683
|
||||||||||
JPMorgan Chase & Co.
|
92,798
|
8,967,999
|
||||||||||
U.S. Bancorp
|
287,963
|
10,608,557
|
||||||||||
Wells Fargo & Co.
|
471,184
|
11,430,924
|
||||||||||
41,384,296
|
||||||||||||
Diversified Financials – (21.16%)
|
||||||||||||
Capital Markets – (2.73%)
|
||||||||||||
Bank of New York Mellon Corp.
|
197,224
|
7,070,480
|
||||||||||
Consumer Finance – (10.61%)
|
||||||||||||
American Express Co.
|
93,681
|
8,742,311
|
||||||||||
Capital One Financial Corp.
|
293,490
|
18,724,662
|
||||||||||
27,466,973
|
||||||||||||
Diversified Financial Services – (7.82%)
|
||||||||||||
Berkshire Hathaway Inc., Class B *
|
103,424
|
20,248,351
|
||||||||||
54,785,804
|
||||||||||||
Insurance – (5.60%)
|
||||||||||||
Life & Health Insurance – (2.12%)
|
||||||||||||
AIA Group Ltd. (Hong Kong)
|
608,220
|
5,497,311
|
||||||||||
Property & Casualty Insurance – (3.48%)
|
||||||||||||
Markel Corp. *
|
8,623
|
9,007,069
|
||||||||||
14,504,380
|
||||||||||||
Total Financials
|
110,674,480
|
|||||||||||
HEALTH CARE – (3.03%)
|
||||||||||||
Health Care Equipment & Services – (3.03%)
|
||||||||||||
Quest Diagnostics Inc.
|
61,631
|
7,831,451
|
||||||||||
Total Health Care
|
7,831,451
|
|||||||||||
INDUSTRIALS – (11.11%)
|
||||||||||||
Capital Goods – (11.11%)
|
||||||||||||
Carrier Global Corp.
|
465,904
|
12,691,225
|
||||||||||
Ferguson PLC (United Kingdom)
|
79,315
|
7,051,681
|
DAVIS FUNDAMENTAL ETF TRUST
|
Schedule of Investments
|
DAVIS SELECT U.S. EQUITY ETF - (CONTINUED)
|
July 31, 2020 (Unaudited)
|
Shares/Principal
|
Value
|
|||||||||||||
COMMON STOCK – (CONTINUED)
|
||||||||||||||
INDUSTRIALS – (CONTINUED)
|
||||||||||||||
Capital Goods – (Continued)
|
||||||||||||||
Raytheon Technologies Corp.
|
159,374
|
$
|
9,033,318
|
|||||||||||
Total Industrials
|
28,776,224
|
|||||||||||||
INFORMATION TECHNOLOGY – (5.48%)
|
||||||||||||||
Semiconductors & Semiconductor Equipment – (5.48%)
|
||||||||||||||
Applied Materials, Inc.
|
98,286
|
6,322,738
|
||||||||||||
Intel Corp.
|
164,542
|
7,853,590
|
||||||||||||
Total Information Technology
|
14,176,328
|
|||||||||||||
TOTAL COMMON STOCK – (Identified cost $217,330,643)
|
251,410,018
|
|||||||||||||
SHORT-TERM INVESTMENTS – (2.92%)
|
||||||||||||||
INTL FCStone Financial Inc. Joint Repurchase Agreement, 0.11%,
08/03/20, dated 07/31/20, repurchase value of $7,570,069 (collateralized
by: U.S. Government agency mortgages and obligations in a pooled
cash account, 0.00%-9.00%, 08/15/20-06/01/51, total market value
$7,721,400)
|
$
|
7,570,000
|
7,570,000
|
|||||||||||
TOTAL SHORT-TERM INVESTMENTS – (Identified cost $7,570,000)
|
7,570,000
|
|||||||||||||
Total Investments – (100.02%) – (Identified cost $224,900,643)
|
258,980,018
|
|||||||||||||
Liabilities Less Other Assets – (0.02%)
|
(53,472)
|
|||||||||||||
Net Assets – (100.00%)
|
$
|
258,926,546
|
||||||||||||
ADR: American Depositary Receipt
|
||||||||||||||
*
|
Non-income producing security.
|
|||||||||||||
Please refer to "Notes to Schedule of Investments" on page 9 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, 2020 (Unaudited)
|
Shares
|
Value
|
|||||||||||
COMMON STOCK – (98.62%)
|
||||||||||||
COMMUNICATION SERVICES – (2.46%)
|
||||||||||||
Media & Entertainment – (2.46%)
|
||||||||||||
Alphabet Inc., Class C *
|
2,160
|
$
|
3,203,193
|
|||||||||
Total Communication Services
|
3,203,193
|
|||||||||||
FINANCIALS – (96.16%)
|
||||||||||||
Banks – (41.81%)
|
||||||||||||
Bank of America Corp.
|
256,712
|
6,386,995
|
||||||||||
Bank of N.T. Butterfield & Son Ltd. (Bermuda)
|
139,551
|
3,632,512
|
||||||||||
Danske Bank A/S (Denmark)*
|
162,461
|
2,611,012
|
||||||||||
DBS Group Holdings Ltd. (Singapore)
|
291,232
|
4,190,434
|
||||||||||
DNB ASA (Norway)
|
339,269
|
5,164,414
|
||||||||||
JPMorgan Chase & Co.
|
62,861
|
6,074,887
|
||||||||||
M&T Bank Corp.
|
17,453
|
1,849,145
|
||||||||||
Metro Bank PLC (United Kingdom)*
|
329,079
|
444,980
|
||||||||||
PNC Financial Services Group, Inc.
|
58,197
|
6,207,874
|
||||||||||
Truist Financial Corp.
|
38,899
|
1,457,157
|
||||||||||
U.S. Bancorp
|
286,825
|
10,566,633
|
||||||||||
Wells Fargo & Co.
|
240,924
|
5,844,816
|
||||||||||
54,430,859
|
||||||||||||
Diversified Financials – (37.59%)
|
||||||||||||
Capital Markets – (16.79%)
|
||||||||||||
Bank of New York Mellon Corp.
|
170,783
|
6,122,570
|
||||||||||
Charles Schwab Corp.
|
100,461
|
3,330,282
|
||||||||||
Goldman Sachs Group, Inc.
|
9,007
|
1,783,026
|
||||||||||
Julius Baer Group Ltd. (Switzerland)
|
133,430
|
5,835,876
|
||||||||||
State Street Corp.
|
74,949
|
4,780,997
|
||||||||||
21,852,751
|
||||||||||||
Consumer Finance – (13.72%)
|
||||||||||||
American Express Co.
|
79,729
|
7,440,310
|
||||||||||
Capital One Financial Corp.
|
163,313
|
10,419,370
|
||||||||||
17,859,680
|
||||||||||||
Diversified Financial Services – (7.08%)
|
||||||||||||
Berkshire Hathaway Inc., Class B *
|
47,077
|
9,216,735
|
||||||||||
48,929,166
|
||||||||||||
Insurance – (16.76%)
|
||||||||||||
Property & Casualty Insurance – (11.24%)
|
||||||||||||
Chubb Ltd.
|
27,302
|
3,473,907
|
||||||||||
Loews Corp.
|
83,171
|
3,028,256
|
||||||||||
Markel Corp. *
|
7,785
|
8,131,744
|
||||||||||
14,633,907
|
||||||||||||
Reinsurance – (5.52%)
|
||||||||||||
Alleghany Corp.
|
5,354
|
2,796,501
|
||||||||||
Everest Re Group, Ltd.
|
7,445
|
1,628,892
|
||||||||||
Greenlight Capital Re, Ltd., Class A *
|
113,074
|
730,458
|
DAVIS FUNDAMENTAL ETF TRUST
|
Schedule of Investments
|
DAVIS SELECT FINANCIAL ETF - (CONTINUED)
|
July 31, 2020 (Unaudited)
|
Shares/Principal
|
Value
|
|||||||||||||||
COMMON STOCK – (CONTINUED)
|
||||||||||||||||
FINANCIALS – (CONTINUED)
|
||||||||||||||||
Insurance – (Continued)
|
||||||||||||||||
Reinsurance – (Continued)
|
||||||||||||||||
Swiss Re AG (Switzerland)
|
25,796
|
$
|
2,024,078
|
|||||||||||||
7,179,929
|
||||||||||||||||
21,813,836
|
||||||||||||||||
Total Financials
|
125,173,861
|
|||||||||||||||
TOTAL COMMON STOCK – (Identified cost $151,579,785)
|
128,377,054
|
|||||||||||||||
SHORT-TERM INVESTMENTS – (1.25%)
|
||||||||||||||||
INTL FCStone Financial Inc. Joint Repurchase Agreement, 0.11%,
08/03/20, dated 07/31/20, repurchase value of $1,627,015 (collateralized
by: U.S. Government agency mortgages and obligations in a pooled
cash account, 0.00%-9.00%, 08/15/20-06/01/51, total market value
$1,659,540)
|
$
|
1,627,000
|
1,627,000
|
|||||||||||||
TOTAL SHORT-TERM INVESTMENTS – (Identified cost $1,627,000)
|
1,627,000
|
|||||||||||||||
Total Investments – (99.87%) – (Identified cost $153,206,785)
|
130,004,054
|
|||||||||||||||
Other Assets Less Liabilities – (0.13%)
|
168,524
|
|||||||||||||||
Net Assets – (100.00%)
|
$
|
130,172,578
|
||||||||||||||
*
|
Non-income producing security.
|
|||||||||||||||
Please refer to "Notes to Schedule of Investments" on page 9 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, 2020 (Unaudited)
|
Shares
|
Value
|
|||||||||||
COMMON STOCK – (97.96%)
|
||||||||||||
COMMUNICATION SERVICES – (15.69%)
|
||||||||||||
Media & Entertainment – (15.69%)
|
||||||||||||
58.com, Inc., Class A, ADR (China)*
|
202,535
|
$
|
11,214,363
|
|||||||||
Alphabet Inc., Class C *
|
11,719
|
17,378,808
|
||||||||||
Baidu, Inc., Class A, ADR (China)*
|
12,635
|
1,508,619
|
||||||||||
Facebook, Inc., Class A *
|
49,719
|
12,612,219
|
||||||||||
Total Communication Services
|
42,714,009
|
|||||||||||
CONSUMER DISCRETIONARY – (32.49%)
|
||||||||||||
Automobiles & Components – (0.23%)
|
||||||||||||
Adient plc *
|
37,144
|
618,076
|
||||||||||
Consumer Services – (7.32%)
|
||||||||||||
New Oriental Education & Technology Group, Inc., ADR (China)*
|
142,127
|
19,926,205
|
||||||||||
Retailing – (24.94%)
|
||||||||||||
Alibaba Group Holding Ltd., ADR (China)*
|
62,634
|
15,722,387
|
||||||||||
Amazon.com, Inc. *
|
4,947
|
15,655,672
|
||||||||||
JD.com, Inc., Class A, ADR (China)*
|
214,156
|
13,661,011
|
||||||||||
Meituan Dianping, Class B (China)*
|
355,940
|
8,813,193
|
||||||||||
Naspers Ltd. - N (South Africa)
|
64,843
|
11,939,230
|
||||||||||
Quotient Technology Inc. *
|
259,446
|
2,078,162
|
||||||||||
67,869,655
|
||||||||||||
Total Consumer Discretionary
|
88,413,936
|
|||||||||||
FINANCIALS – (30.43%)
|
||||||||||||
Banks – (16.30%)
|
||||||||||||
Bank of N.T. Butterfield & Son Ltd. (Bermuda)
|
151,894
|
3,953,801
|
||||||||||
Danske Bank A/S (Denmark)*
|
517,276
|
8,313,466
|
||||||||||
DBS Group Holdings Ltd. (Singapore)
|
684,980
|
9,855,935
|
||||||||||
DNB ASA (Norway)
|
618,672
|
9,417,537
|
||||||||||
Metro Bank PLC (United Kingdom)*
|
560,007
|
757,240
|
||||||||||
Wells Fargo & Co.
|
497,555
|
12,070,684
|
||||||||||
44,368,663
|
||||||||||||
Diversified Financials – (11.95%)
|
||||||||||||
Capital Markets – (2.90%)
|
||||||||||||
Julius Baer Group Ltd. (Switzerland)
|
116,932
|
5,114,296
|
||||||||||
Noah Holdings Ltd., Class A, ADS (China)*
|
90,983
|
2,772,252
|
||||||||||
7,886,548
|
||||||||||||
Consumer Finance – (4.87%)
|
||||||||||||
Capital One Financial Corp.
|
199,967
|
12,757,895
|
||||||||||
Yiren Digital Ltd., ADR (China)*
|
139,219
|
499,796
|
||||||||||
13,257,691
|
||||||||||||
Diversified Financial Services – (4.18%)
|
||||||||||||
Berkshire Hathaway Inc., Class B *
|
58,046
|
11,364,246
|
||||||||||
32,508,485
|
||||||||||||
Insurance – (2.18%)
|
||||||||||||
Life & Health Insurance – (2.18%)
|
||||||||||||
AIA Group Ltd. (Hong Kong)
|
657,590
|
5,943,535
|
||||||||||
Total Financials
|
82,820,683
|
|||||||||||
INDUSTRIALS – (8.97%)
|
||||||||||||
Capital Goods – (8.97%)
|
||||||||||||
Carrier Global Corp.
|
267,682
|
7,291,658
|
||||||||||
Ferguson PLC (United Kingdom)
|
103,236
|
9,178,431
|
DAVIS FUNDAMENTAL ETF TRUST
|
Schedule of Investments
|
DAVIS SELECT WORLDWIDE ETF - (CONTINUED)
|
July 31, 2020 (Unaudited)
|
Shares/Principal
|
Value
|
||||||||||||||
COMMON STOCK – (CONTINUED)
|
|||||||||||||||
INDUSTRIALS – (CONTINUED)
|
|||||||||||||||
Capital Goods – (Continued)
|
|||||||||||||||
Raytheon Technologies Corp.
|
140,070
|
$
|
7,939,168
|
||||||||||||
Total Industrials
|
24,409,257
|
||||||||||||||
INFORMATION TECHNOLOGY – (10.38%)
|
|||||||||||||||
Semiconductors & Semiconductor Equipment – (7.75%)
|
|||||||||||||||
Applied Materials, Inc.
|
200,942
|
12,926,599
|
|||||||||||||
Intel Corp.
|
171,230
|
8,172,808
|
|||||||||||||
21,099,407
|
|||||||||||||||
Technology Hardware & Equipment – (2.63%)
|
|||||||||||||||
Hollysys Automation Technologies Ltd. (China)
|
591,807
|
7,160,864
|
|||||||||||||
Total Information Technology
|
28,260,271
|
||||||||||||||
TOTAL COMMON STOCK – (Identified cost $238,262,609)
|
266,618,156
|
||||||||||||||
SHORT-TERM INVESTMENTS – (1.66%)
|
|||||||||||||||
INTL FCStone Financial Inc. Joint Repurchase Agreement, 0.11%,
08/03/20, dated 07/31/20, repurchase value of $4,510,041 (collateralized
by: U.S. Government agency mortgages and obligations in a pooled
cash account, 0.00%-9.00%, 08/15/20-06/01/51, total market value
$4,600,200)
|
$
|
4,510,000
|
4,510,000
|
||||||||||||
TOTAL SHORT-TERM INVESTMENTS – (Identified cost $4,510,000)
|
4,510,000
|
||||||||||||||
Total Investments – (99.62%) – (Identified cost $242,772,609)
|
271,128,156
|
||||||||||||||
Other Assets Less Liabilities – (0.38%)
|
1,026,529
|
||||||||||||||
Net Assets – (100.00%)
|
$
|
272,154,685
|
|||||||||||||
ADR: American Depositary Receipt
|
|||||||||||||||
ADS: American Depositary Share
|
|||||||||||||||
*
|
Non-income producing security.
|
||||||||||||||
Please refer to "Notes to Schedule of Investments" on page 9 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, 2020 (Unaudited)
|
Shares
|
Value
|
|||||||||||
COMMON STOCK – (84.49%)
|
||||||||||||
COMMUNICATION SERVICES – (7.01%)
|
||||||||||||
Media & Entertainment – (7.01%)
|
||||||||||||
58.com, Inc., Class A, ADR (China)*
|
186,670
|
$
|
10,335,918
|
|||||||||
Baidu, Inc., Class A, ADR (China)*
|
13,320
|
1,590,408
|
||||||||||
iQIYI, Inc., Class A, ADR (China)*
|
141,387
|
2,983,265
|
||||||||||
Total Communication Services
|
14,909,591
|
|||||||||||
CONSUMER DISCRETIONARY – (33.21%)
|
||||||||||||
Consumer Services – (8.44%)
|
||||||||||||
New Oriental Education & Technology Group, Inc., ADR (China)*
|
128,033
|
17,950,227
|
||||||||||
Retailing – (24.77%)
|
||||||||||||
Alibaba Group Holding Ltd., ADR (China)*
|
60,315
|
15,140,271
|
||||||||||
JD.com, Inc., Class A, ADR (China)*
|
167,665
|
10,695,350
|
||||||||||
Meituan Dianping, Class B (China)*
|
682,270
|
16,893,232
|
||||||||||
Naspers Ltd. - N (South Africa)
|
45,354
|
8,350,814
|
||||||||||
Trip.com Group Ltd., ADR (China)*
|
58,464
|
1,590,221
|
||||||||||
52,669,888
|
||||||||||||
Total Consumer Discretionary
|
70,620,115
|
|||||||||||
FINANCIALS – (26.88%)
|
||||||||||||
Banks – (17.42%)
|
||||||||||||
Bank of N.T. Butterfield & Son Ltd. (Bermuda)
|
200,012
|
5,206,312
|
||||||||||
Danske Bank A/S (Denmark)*
|
707,571
|
11,371,817
|
||||||||||
DBS Group Holdings Ltd. (Singapore)
|
640,890
|
9,221,540
|
||||||||||
DNB ASA (Norway)
|
700,962
|
10,670,170
|
||||||||||
Metro Bank PLC (United Kingdom)*
|
421,793
|
570,347
|
||||||||||
37,040,186
|
||||||||||||
Diversified Financials – (5.84%)
|
||||||||||||
Capital Markets – (5.61%)
|
||||||||||||
Julius Baer Group Ltd. (Switzerland)
|
207,993
|
9,097,064
|
||||||||||
Noah Holdings Ltd., Class A, ADS (China)*
|
92,560
|
2,820,303
|
||||||||||
11,917,367
|
||||||||||||
Consumer Finance – (0.23%)
|
||||||||||||
Yiren Digital Ltd., ADR (China)*
|
137,173
|
492,451
|
||||||||||
12,409,818
|
||||||||||||
Insurance – (3.62%)
|
||||||||||||
Life & Health Insurance – (3.62%)
|
||||||||||||
AIA Group Ltd. (Hong Kong)
|
852,590
|
7,706,015
|
||||||||||
Total Financials
|
57,156,019
|
|||||||||||
HEALTH CARE – (3.42%)
|
||||||||||||
Pharmaceuticals, Biotechnology & Life Sciences – (3.42%)
|
||||||||||||
Novartis AG, ADR (Switzerland)
|
38,160
|
3,134,462
|
||||||||||
Roche Holding AG - Genusschein (Switzerland)
|
11,952
|
4,131,023
|
||||||||||
Total Health Care
|
7,265,485
|
|||||||||||
INDUSTRIALS – (11.56%)
|
||||||||||||
Capital Goods – (11.56%)
|
||||||||||||
Brenntag AG (Germany)
|
38,850
|
2,385,188
|
||||||||||
Ferguson PLC (United Kingdom)
|
90,201
|
8,019,525
|
||||||||||
Safran S.A. (France)*
|
49,541
|
5,219,437
|
||||||||||
Schneider Electric SE (France)
|
77,463
|
8,964,163
|
||||||||||
Total Industrials
|
24,588,313
|
DAVIS FUNDAMENTAL ETF TRUST
|
Schedule of Investments
|
DAVIS SELECT INTERNATIONAL ETF - (CONTINUED)
|
July 31, 2020 (Unaudited)
|
Shares/Principal
|
Value
|
|||||||||||||
COMMON STOCK – (CONTINUED)
|
||||||||||||||
INFORMATION TECHNOLOGY – (2.41%)
|
||||||||||||||
Technology Hardware & Equipment – (2.41%)
|
||||||||||||||
Hollysys Automation Technologies Ltd. (China)
|
423,116
|
$
|
5,119,704
|
|||||||||||
Total Information Technology
|
5,119,704
|
|||||||||||||
TOTAL COMMON STOCK – (Identified cost $152,245,736)
|
179,659,227
|
|||||||||||||
SHORT-TERM INVESTMENTS – (14.69%)
|
||||||||||||||
INTL FCStone Financial Inc. Joint Repurchase Agreement, 0.11%,
08/03/20, dated 07/31/20, repurchase value of $31,242,286
(collateralized by: U.S. Government agency mortgages and obligations
in a pooled cash account, 0.00%-9.00%, 08/15/20-06/01/51, total market
value $31,866,840)
|
$
|
31,242,000
|
31,242,000
|
|||||||||||
TOTAL SHORT-TERM INVESTMENTS – (Identified cost $31,242,000)
|
31,242,000
|
|||||||||||||
Total Investments – (99.18%) – (Identified cost $183,487,736)
|
210,901,227
|
|||||||||||||
Other Assets Less Liabilities – (0.82%)
|
1,746,307
|
|||||||||||||
Net Assets – (100.00%)
|
$
|
212,647,534
|
||||||||||||
ADR: American Depositary Receipt
|
||||||||||||||
ADS: American Depositary Share
|
||||||||||||||
*
|
Non-income producing security.
|
|||||||||||||
Please refer to "Notes to Schedule of Investments" on page 9 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, 2020 (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, 2020 (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
|
$
|
41,185,576
|
$
|
3,203,193
|
$
|
42,714,009
|
$
|
14,909,591
|
|||
Consumer Discretionary
|
48,765,959
|
–
|
88,413,936
|
70,620,115
|
|||||||
Financials
|
110,674,480
|
125,173,861
|
82,820,683
|
57,156,019
|
|||||||
Health Care
|
7,831,451
|
–
|
–
|
7,265,485
|
|||||||
Industrials
|
28,776,224
|
–
|
24,409,257
|
24,588,313
|
|||||||
Information Technology
|
14,176,328
|
–
|
28,260,271
|
5,119,704
|
|||||||
Total Level 1
|
251,410,018
|
128,377,054
|
266,618,156
|
179,659,227
|
|||||||
Level 2 – Other Significant Observable
Inputs:
|
|||||||||||
Short-term securities
|
7,570,000
|
1,627,000
|
4,510,000
|
31,242,000
|
|||||||
Total Level 2
|
7,570,000
|
1,627,000
|
4,510,000
|
31,242,000
|
|||||||
Level 3 – Significant Unobservable Inputs:
|
|||||||||||
Total Level 3
|
–
|
–
|
–
|
–
|
|||||||
Total Investments
|
$
|
258,980,018
|
$
|
130,004,054
|
$
|
271,128,156
|
$
|
210,901,227
|
Davis Select
|
|||||||||||
Davis Select
|
Davis Select
|
Davis Select
|
International
|
||||||||
U.S. Equity ETF
|
Financial ETF
|
Worldwide ETF
|
ETF
|
||||||||
Unrealized appreciation
|
$
|
51,045,699
|
$
|
2,358,105
|
$
|
58,935,636
|
$
|
37,504,004
|
|||
Unrealized depreciation
|
(18,163,838)
|
(25,752,771)
|
(33,873,587)
|
(12,352,740)
|
|||||||
Net unrealized appreciation
(depreciation)
|
$
|
32,881,861
|
$
|
(23,394,666)
|
$
|
25,062,049
|
$
|
25,151,264
|
|||
Aggregate cost
|
$
|
226,098,157
|
$
|
153,398,720
|
$
|
246,066,107
|
$
|
185,749,963
|
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