Fund Research for Selected American Shares S (SLASX)

  • Fund Overview

    Fund Inception Date: Feb 28, 1933
    Category: Large Blend
    Overall Risk: Above Average
    Fund Family: Selected Funds
    Return Since Inception: —
    YTD Return: 24.25%
    Yield (TTM): 1.02%
    Net Assets: 4.51 B
    Morningstar Rating:
    3 of 5

    The investment seeks growth of capital and income. The fund normally invests at least 80% of assets in securities of U.S. companies, including common stocks, convertibles, fixed-income securities, and short-term instruments. It invests the majority of assets in equity securities issued by large companies with market capitalization of at least $10 billion.

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    Size
    Average Market Cap $26,053 M
    Market Capitalization Portfolio
    Giant 45.04%
    Large 38.11%
    Medium 16.85%
    Small 0.00%
    Micro 0.00%
    Morningstar Rating as of 10/31/2009
    YTD Returns as of 11/04/2009    		 Style Box Detail calculations do not include the fund's short positions (if any)

  • Fund Performance

    10 year Growth Chart
    Growth of $10,000 from 12/31/1998 to 10/31/2009
    Mouseover the chart to see values for each month.

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    Total Annualized Returns

    YTD 1 year 3 year 5 year 10 year Since Inception
    Fund 24.25% 9.80% -6.11% 0.76% 2.06% —
    +/- Category 4.28% 0.76% 0.15% 0.73% 2.11% —
    +/- S&P 500 TR 6.16% -1.26% 0.34% 0.48% -0.95% —

    Standardized Annual Returns

    YTD 1 year 3 year 5 year 10 year Since Inception
    Month (as of 10/31/2009) 21.86% 11.58% -6.93% 0.97% 2.06% —
    Quarter (as of 09/30/2009) 23.83% -6.33% -5.43% 1.53% 2.86% —
    Fund and Category YTD, 1yr, 3yr and 5yr Returns as of 11/04/2009
    Index YTD,1yr, 3ys and 5yr Returns as of 11/04/2009 10 yr and Since Inception Returns as of 10/31/2009
    Inception Date: 02/28/1933
    Ratings are based on risk-adjusted performance.
    View Total Returns

  • Fund Portfolio Profile

    Sector Breakdown

    Stocks
    Information 15.58%
    Service 50.12%
    Manufacturing 30.40%

    Asset Allocation

    Short Long Net Assets
    Cash — 2.28% 2.28%
    Stocks — 96.10% 96.10%
    Bonds — 1.04% 1.04%
    Other — 0.57% 0.57%
    Foreign Stocks
    (as a % of assets)    		 — 14.09% 14.09%
    Data as of 06/30/2009 Data as of 06/30/2009 View Fund Portfolio

    Top 10 Holdings

    Sector P/E Return as of 10/31/2009 Net Assets
    = BERKSHIRE HATHAWAY INC DEL (BRK.A) Financial Services 54.20 3.36% 4.74%
    = OCCIDENTAL PETE CORP DEL (OXY) Energy 27.41 27.27% 4.67%
    = WELLS FARGO & CO NEW (WFC) Financial Services 11.05 -8.28% 4.14%
    = COSTCO WHSL CORP NEW (COST) Consumer Services 24.47 7.07% 3.93%
    - EOG RES INC (EOG) Energy 38.18 22.37% 2.85%
    = DEVON ENERGY CORP NEW (DVN) Energy — -1.38% 2.83%
    - JPMORGAN CHASE & CO (JPM) Financial Services 36.65 32.73% 2.69%
    - AMERICAN EXPRESS CO (AXP) Financial Services 31.75 78.87% 2.65%
    = CVS CAREMARK CORPORATION (CVS) Consumer Services 11.75 25.60% 2.40%
    - Cash & Cash Equivalents — — — 2.28%
    + Increase - Decrease = No change * New since last portfolio
    Top 10 holdings account for the fund's short positions (if any). Net short positions appear shaded.
    P/E as of 11/09/2009
    All other data as of 06/30/2009
    View Fund Portfolio

  • Sales Information

    Sales Charge %

    Initial —
    Deferred —
    Taken from prospectus dated 07/01/2009
    Expense Ratio (based on net assets) 0.92%
    Taken from annual report dated 12/31/2008

  • Fund Management

    Christopher Cullom Davis
    Start Date: 12/01/1994
    Christopher C. Davis –Portfolio Manager and Research AnalystChristopher Davis is a research analyst and Chair of the Portfolio Review Committee which oversees the management of the Davis Global, International and All-Cap strategies. Mr. Davis with Kenneth Feinberg is Portfolio Manager for all large cap equity and concentrated equity portfolios. Mr. Davis joined the firm in 1989 after working as a securities analyst. He received his M.A. from the University of St. Andrews in Scotland.
    Kenneth Charles Feinberg
    Start Date: 05/01/1998
    Feinberg is Portfolio Manager for all large cap equity, concentrated equity and financial portfolios. He joined Davis Advisors in 1994. Previously, he was a Vice President at the Continental Corporation and a capital and business analyst for the General Foods Corporation.