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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>BANK OF NEW YORK MELLON CORP</name>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>BERKSHIRE HATHAWAY INC CL B</name>
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        <fairValLevel>1</fairValLevel>
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        <name>BREAN REPO</name>
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        <fairValLevel>2</fairValLevel>
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        <name>CAPITAL ONE FINANCIAL CORP</name>
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        <fairValLevel>1</fairValLevel>
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        <name>CHIME FINANCIAL INC CL A</name>
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        <fairValLevel>1</fairValLevel>
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        <name>CHUBB LTD</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>DBS GROUP HOLDINGS LTD</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>EVEREST GROUP LTD</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>FIFTH THIRD BANCORP</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>JULIUS BAER GROUP LTD</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>M + T BANK CORP</name>
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        <fairValLevel>1</fairValLevel>
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    <signature>
      <ncom:dateSigned>2026-05-21</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>
