Fund Description: Davis Select Worldwide ETF is an actively managed exchange-traded fund or Actively Managed ETF which is a separate investment portfolio of the Davis Fundamental ETF Trust, an open-end investment management company. INVESTMENT OBJECTIVE: The Davis Select Worldwide ETF seeks long-term growth of capital. The Fund is an actively managed ETF and thus does not seek to replicate the performance of a specific index. Rather, the Davis Advisors has discretion on a daily basis to actively manage the Fund’s portfolio in accordance with the Fund’s investment objective. FUND STRATEGY: The Davis Advisors, uses the Davis Investment Discipline to invest the Fund's portfolio principally in common stocks (including indirect holdings of common stock through depositary receipts) issued by both United States and foreign companies, including countries with developed or emerging markets. The Fund may invest in large, medium or small companies without regard to market capitalization. The Fund will invest significantly (at least 40% of total assets under normal market conditions and at least 30% of total assets if market conditions are not deemed favorable) in issuers (i) organized or located outside of the U.S.; (ii) whose primary trading market is located outside the U.S.; or (iii) doing a substantial amount of business outside the U.S., which the Fund considers to be a company that derives at least 50% of its revenue from business outside the U.S. or has at least 50% of its assets outside the U.S. Under normal market conditions, the Fund will invest in issuers representing at least three different countries. These non-U.S. company investments may include American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs and together Depositary Receipts). The Davis Advisors utilizes the Davis Investment Discipline to conduct extensive research to try to identify businesses that possess characteristics that Davis Advisors believes foster the creation of long-term value, such as proven management, a durable franchise and business model, and sustainable competitive advantages. Advisors routinely visits managers at their places of business in order to gain insight into the relative value of different businesses. After determining which companies Davis Advisors believes the Fund should own, Davis Advisors then turns its analysis to determining the intrinsic value of those companies' equity securities. based upon fundamental analysis of cash flows, assets and liabilities, and other criteria that Davis Advisors deems to be material on a company-by-company basis. Davis Advisors' goal is to invest in companies for the long term. FUND MANAGEMENT: Davis Selected Advisers, L.P. serves as the Fund's investment adviser. Davis Selected Advisers, a wholly owned subsidiary of the Adviser, serves as the Fund's sub-adviser.