Regulatory Documents

Selected Funds

Selected American Shares

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Summary Prospectus
Statutory Prospectus
Statement of Additional Information
Holdings Q1
Holdings Q3
Proxy

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Annual Report - Class S
Annual Report - Class D
Annual Financial Statements & Other Info More information about Annual Financial Statements & Other Info

Document
Semi-Annual Report - Class S
Semi-Annual Report - Class D
Semi-Annual Financial Statements & Other Info More information about Semi-Annual Financial Statements & Other Info

Selected International Fund has merged into Davis International Fund. View merger information details and Davis International Fund information.

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Proxy Voting Procedures and Policies

The SAI, the Funds’ annual and semi-annual reports to shareholders, and other information such as Fund financial statements are available, without charge, upon request.

Before investing in Selected American Shares, you should carefully consider the investment objectives, risks, charges, and expenses of the Fund. The prospectus and summary prospectus contains this and other information about the Fund. You can obtain performance information and a current prospectus and summary prospectus by visiting selectedfund.com or calling 800.243.1575. Please read the prospectus or summary prospectus carefully before investing or sending money. Investing involves risks including possible loss of principal.

Shares of Selected American Shares are not deposits or obligations of any bank, are not guaranteed by any bank, are not insured by the FDIC or any other agency, and involve investment risks, including possible loss of the principal amount invested.

Davis Distributors, LLC, 2949 East Elvira Road, Suite 101, Tucson, AZ 85756