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| CONSISTENCY | COMMITMENT | RESULTS |
| We have remained steadfastly dedicated to the same patient, long-term investment discipline for more than 40 years. We seek to invest in durable, well-managed businesses that can be purchased at value prices and held for the long term. | The Davis family, Davis Advisors, employees, and directors are among the largest shareholders in the Selected Funds. This group also has almost $1.5 billion of their own money invested side by side with fellow shareholders in the various mutual funds our firm manages,* which ensures that our interests are closely aligned with those of our clients. | Davis Advisors has a history of delivering strong and consistent investment results through full-market cycles. Selected American Shares has outperformed the S&P 500® Index since Davis Advisors began management of the Fund in May 1993.** |
* As of June 30, 2009 ** Class S shares as of December 31, 2008. Privacy Statement and Business Continuity Plan This material must be accompanied or preceded by a current Selected Funds Prospectus. Carefully consider the Fund’s investment objectives, risks, fees, and expenses before investing. Read the prospectus carefully before you invest or send money. The prospectus contains this and other information and can be obtained by clicking here or calling 1 800 243-1575. Davis Distributors, LLC, is the distributor of the Selected Funds. |
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Audio Webcast: Three generations of the Davis family share their perspectives on sixty years of compounding wealth through the equity markets |
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