Literature

    Mutual Funds
    Selected American Shares
    Selected Investor Center View

    Video Series: Christopher C. Davis discusses why we are optimistic about equities in the decade ahead and how our Portfolio is positioned.
    Fact Sheet Download

    Goals of the Fund, types of companies found in the Portfolio, top holdings, portfolio characteristics and historical performance.

    A History of Long Term Outperformance Download Demonstrates Selected American Shares' long-term record of outperformance versus the S&P 500®, and the growing likelihood of benefiting from this outperformance as investor holding periods increase.
    Consistency, Commitment, Results Download

    How the slow and steady Davis Investment Discipline does not have to outperform every benchmark in every year to end up outperforming the benchmarks over the long term.

    Selected American Shares – An Ideal Foundation Download Morningstar recognizes Selected American Shares among only three funds to merit its highest Analyst Rating of “Gold” and its highest Stewardship Grade of A (all three funds are managed by Davis Advisors).  Also, why we believe the Fund’s specific attributes make it an ideal foundation for a long-term investor’s portfolio.
    Brochure:
    Price Is What You Pay,
    Value Is What You Get         		Download

    How the discounted prices of the companies in Selected American Shares may benefit investors over the coming decade and why a focus on “Price vs. Value” has led to our long-term success for investors
    Important Facts Download

    Key Fund attributes, including historical long-term outperformance, below-average expenses and turnover, experienced managers, and recognition for shareholder stewardship.
    Morningstar Analyst Report: Selected American Shares Download Complete Morningstar Analyst report detailing why Selected American Shares merits its highest rating of “Gold”, which Morningstar believes “leads to funds that are more likely to outperform over the long term on a risk-adjusted basis”.
    Portfolio Composition Download

    Quarterly update of portfolio characteristics.
    Selected International Fund
    Fact Sheet Download Applying the Davis Investment Discipline to companies outside the United States; Portfolio characteristics, top holdings, and performance.
    Important Facts Download Goals of the Fund, what we look for in a business, our alignment with shareholder interests, Portfolio characteristics, and other topics.
    Portfolio Composition Download

    Quarterly update of portfolio characteristics.

    Insights About Davis Advisors
    Distinctive Attributes Download How our unique culture of rigorous research and stewardship have produced important shareholder benefits, including attractive long-term results, low expenses, low turnover, high alignment of interests, and strong stewardship grades.
    Morningstar's Highest Stewardship Grade Download

    Morningstar recognizes our unique commitment to shareholder interests.

    The Davis Investment Discipline Download

    The evolution of our investment discipline over three generations of successful investors, examines what we look for in a company and profiles the investment professionals.
    The Davis Research Methodology Download

    A brief history of Davis Advisors and our unique approach to building long-term wealth through investing in equities, including: what we look for in a company, how we arrive at an appropriate purchase price and the factors that may prompt us to sell a position.

    Insights into Successful Investing
    The Wisdom of Great Investors Download View

    Timeless principles that have guided some of history's most successful investors, including Warren Buffett, Ben Graham, Peter Lynch, and others.
    Fortune Magazine – Warren Buffett: “Why stocks beat gold and bonds” Download Warren Buffett on the real danger of investments commonly thought of as “safe”, and why “productive assets” like equities offer a much better chance of maintaining purchasing power (compounding wealth after taxes and inflation).
    Successful Investor Download

    Insights into the types of investor behavior that we believe foster the creation of long term wealth.
    2008 Financial Report of the U.S. Government Download

    This government report was referred to in the Selected American Shares Manager Commentary, Annual Review 2009.

    How to Read Mutual Fund Advertisements Describing Total Return Download

    This hypothetical advertisement helps investors read mutual fund ads with a critical eye. (Copyright © 2003 by the Investment Company Institute).

    There is no guarantee that the Funds will continue to deliver consistent investment performance. Equity markets are volatile and an investor may lose money. Past performance is not a guarantee of future results. See the respective resources for important legal disclosures. Davis Distributors, LLC, is the distributor of the Funds.