Christopher C. Davis has over 19 years experience in investment management and securities research. Mr. Davis joined Davis Advisors in 1989 and leads the portfolio management team for the Selected Funds, along with Kenneth C. Feinberg. He received his M.A. from the University of St. Andrews in Scotland.

Kenneth C. Feinberg is a Portfolio Manager of the Selected Funds. He joined Davis Advisors in 1994. Mr. Feinberg received his M.B.A. from Columbia University and his B.A. from Johns Hopkins University.

Andrew A. Davis joined Davis Advisors in 1993, and is a Portfolio Manager. He has over 19 years of investment management experience. Previously, he was employed at PaineWebber, Inc. as Vice President, managing both its Convertible Security Research and Closed-End Bond Fund Research departments. He is a graduate of Colby College.

Shelby M.C. Davis founded Davis Advisors in 1969 and is an Advisor. Possessing over 40 years of experience in securities analysis, Mr. Davis advises the Portfolio Research Team on investment themes, strategies, and stock selection. Mr. Davis began his career at The Bank of New York where he rose to be the Head of the Research Department and was named the youngest Vice President since Alexander Hamilton. He is a graduate of Princeton University.

Dwight Blazin joined Davis Advisors in 1994. Previously he was a Consultant for IT Consulting and Systems Design. Mr. Blazin's research analysis has been shaped by working with Shelby M.C. Davis for over five years. He received a Ph.D. and M.A. from New York University and holds a B.A. from Brigham Young University.

Stephen Chen joined Davis Advisors in 2002. Previously, Mr. Chen was a Research Analyst at Ulysses Partners. Mr. Chen's prior experience includes equity derivatives at J.P.Morgan and business assurance at PriceWaterhouseCoopers. He received a B.A. from Indiana University School of Business in 1995 and is a Certified Public Accountant.

Jae Chung joined Davis Advisors in 2003. Previously, Mr. Chung held Portfolio Manager positions at Marcstone Capital Management, Franklin Mutual Advisers and Oakmont Corporation. Mr. Chung received his B.A. from Yale University.

Danton Goei joined Davis Advisors in 1998. Previously, he was employed at Bain & Company, Morgan Stanley Asia Ltd. and Citicorp. Mr. Goei received his B.A. from Georgetown University and an M.B.A. from The Wharton School.

Todd M. Heysse joined Davis Advisors in 2002. Previously, he was employed by US WEST Communications as a network planning engineer. Mr. Heysse earned a B.S. in Electrical Engineering from Stanford University and an M.B.A from Columbia Business School.

Creston King joined Davis Advisors in 1999 and is the Portfolio Manager of Selected Daily Government Fund. Mr. King also manages other government bond and money market funds advised by Davis Advisors. Prior to joining, Mr. King was a Trader, Analyst and Portfolio Manager for U.S. Global Investors, Inc., where he managed various money market funds and bond funds. He received his B.A. from Duke University.

Prior to joining Davis Advisors in 2003, Tania Pouschine worked for 10 years as a Research Analyst at Ruane, Cunniff (Sequoia Fund). Previously, Ms. Pouschine had worked for Forbes Magazine as an Associate Editor and at Bankers Trust as a Lending Officer. Ms. Pouschine received a B.A. from Middlebury College.

Darin Prozes joined Davis Advisors in 2004. Previously, he worked for the Parthenon Group, a strategy consulting firm. Mr. Prozes received his B.A. from Princeton University and an M.B.A. from Stanford University.