Name
As of 04/30/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
9.3%
1 yr return
35.8%
3 Yr Avg Return
3.6%
5 Yr Avg Return
10.6%
Net Assets
$1.8 B
Holdings in Top 10
57.4%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.99%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 20.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/30/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
SLASX - Profile
Distributions
- YTD Total Return 9.3%
- 3 Yr Annualized Total Return 3.6%
- 5 Yr Annualized Total Return 10.6%
- Capital Gain Distribution Frequency Semi-Annually
- Net Income Ratio 0.18%
- Dividend Yield 0.9%
- Dividend Distribution Frequency SemiAnnual
Fund Details
-
Legal NameSELECTED AMERICAN SHARES
-
Fund Family NameSelected Funds
-
Inception DateJan 03, 1994
-
Shares OutstandingN/A
-
Share ClassS
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerChristopher Davis
Fund Description
Davis Selected Advisers, L.P. (“Davis Advisors” or the “Adviser”), the Fund’s investment adviser, uses the Davis Investment Discipline to invest at least 80% of Selected American Shares’ net assets, plus any borrowing for investment purposes, in securities issued by American companies. The Fund invests principally in common stocks (including indirect holdings of common stock through Depositary Receipts, as defined below) issued by large companies with market capitalizations of at least $10 billion. Historically, the Fund has invested a significant portion of its assets in financial services companies and in foreign companies, and may also invest in mid- and small-capitalization companies.
Davis Investment Discipline. Davis Advisors manages equity funds using the Davis Investment Discipline. Davis Advisors conducts extensive research to try to identify businesses that possess characteristics that Davis Advisors believes foster the creation of long-term value, such as proven management, a durable franchise and business model, and sustainable competitive advantages. Davis Advisors aims to invest in such businesses when they are trading at discounts to their intrinsic worth. Davis Advisors emphasizes individual stock selection and believes that the ability to evaluate management is critical. Davis Advisors routinely visits managers at their places of business in order to gain insight into the relative value of different businesses. Such research, however rigorous, involves predictions and forecasts that are inherently uncertain. After determining which companies Davis Advisors believes the Fund should own, Davis Advisors then turns its analysis to determining the intrinsic value of those companies’ equity securities. Davis Advisors seeks companies whose equity securities can be purchased at a discount from Davis Advisors’ estimate of the company’s intrinsic value based upon fundamental analysis of cash flows, assets and liabilities, and other criteria that Davis Advisors deems to be material on a company-by-company basis. Davis Advisors’ goal is to invest in companies for the long term (ideally, five years or longer, although this goal may not be met). Davis Advisors considers selling a company’s equity securities if the securities’ market price exceeds Davis Advisors’ estimates of intrinsic value, if the ratio of the risks and rewards of continuing to own the company’s equity securities is no longer attractive, to raise cash to purchase a more attractive investment opportunity, to satisfy net redemptions or for other purposes.
SLASX - Performance
Return Ranking - Trailing
Period | SLASX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 9.3% | -2.8% | 14.5% | 1.44% |
1 Yr | 35.8% | -2.2% | 48.0% | 0.96% |
3 Yr | 3.6%* | -12.6% | 13.6% | 88.13% |
5 Yr | 10.6%* | -9.4% | 106.8% | 74.47% |
10 Yr | 9.8%* | -0.2% | 20.6% | 76.23% |
* Annualized
Return Ranking - Calendar
Period | SLASX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 22.1% | -42.6% | 47.4% | 31.92% |
2022 | -26.1% | -56.3% | -4.2% | 81.14% |
2021 | 4.8% | -27.2% | 53.7% | 86.61% |
2020 | 8.6% | -36.2% | 2181.7% | 69.97% |
2019 | 24.3% | -22.7% | 40.4% | 43.64% |
Total Return Ranking - Trailing
Period | SLASX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 9.3% | -2.8% | 14.5% | 1.44% |
1 Yr | 35.8% | -2.2% | 48.0% | 0.96% |
3 Yr | 3.6%* | -12.6% | 13.6% | 88.13% |
5 Yr | 10.6%* | -9.4% | 106.8% | 74.47% |
10 Yr | 9.8%* | -0.2% | 20.6% | 76.23% |
* Annualized
Total Return Ranking - Calendar
Period | SLASX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 32.3% | -5.0% | 47.4% | 3.44% |
2022 | -20.3% | -36.8% | -2.2% | 81.78% |
2021 | 17.7% | 3.0% | 124.3% | 95.02% |
2020 | 11.6% | -15.8% | 2266.0% | 83.21% |
2019 | 31.1% | -0.4% | 241.3% | 32.62% |
NAV & Total Return History
SLASX - Holdings
Concentration Analysis
SLASX | Category Low | Category High | SLASX % Rank | |
---|---|---|---|---|
Net Assets | 1.8 B | 2.34 M | 1.55 T | 44.81% |
Number of Holdings | 41 | 1 | 4048 | 89.15% |
Net Assets in Top 10 | 964 M | 885 K | 387 B | 36.32% |
Weighting of Top 10 | 57.43% | 0.3% | 112.0% | 4.66% |
Top 10 Holdings
- META PLATFORMS INC CLASS A 8.56%
- BERKSHIRE HATHAWAY INC CL A 7.89%
- WELLS FARGO + CO 7.55%
- CAPITAL ONE FINANCIAL CORP 6.63%
- APPLIED MATERIALS INC 6.55%
- AMAZON.COM INC 5.36%
- JPMORGAN CHASE + CO 4.05%
- VIATRIS INC COMMON STOCK 3.88%
- BANK OF NEW YORK MELLON CORP 3.64%
- ALPHABET INC CL A 3.33%
Asset Allocation
Weighting | Return Low | Return High | SLASX % Rank | |
---|---|---|---|---|
Stocks | 98.50% | 0.00% | 124.03% | 62.03% |
Other | 1.51% | -13.91% | 100.00% | 6.53% |
Preferred Stocks | 0.00% | 0.00% | 2.38% | 87.34% |
Convertible Bonds | 0.00% | 0.00% | 5.54% | 86.44% |
Cash | 0.00% | 0.00% | 99.06% | 99.45% |
Bonds | 0.00% | -0.37% | 93.78% | 86.64% |
Stock Sector Breakdown
Weighting | Return Low | Return High | SLASX % Rank | |
---|---|---|---|---|
Financial Services | 48.00% | 0.00% | 55.59% | 0.72% |
Technology | 17.61% | 0.00% | 48.94% | 85.36% |
Communication Services | 14.62% | 0.00% | 27.94% | 4.08% |
Consumer Cyclical | 8.81% | 0.00% | 30.33% | 78.48% |
Healthcare | 7.67% | 0.00% | 60.70% | 95.20% |
Basic Materials | 1.98% | 0.00% | 25.70% | 77.52% |
Consumer Defense | 1.23% | 0.00% | 47.71% | 97.04% |
Industrials | 0.08% | 0.00% | 29.90% | 99.52% |
Utilities | 0.00% | 0.00% | 20.91% | 98.80% |
Real Estate | 0.00% | 0.00% | 31.91% | 98.80% |
Energy | 0.00% | 0.00% | 41.64% | 99.20% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | SLASX % Rank | |
---|---|---|---|---|
US | 87.50% | 0.00% | 124.03% | 93.16% |
Non US | 11.00% | 0.00% | 62.81% | 3.93% |
SLASX - Expenses
Operational Fees
SLASX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.99% | 0.01% | 19.75% | 36.71% |
Management Fee | 0.55% | 0.00% | 1.90% | 58.85% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 60.06% |
Administrative Fee | N/A | 0.00% | 0.85% | N/A |
Sales Fees
SLASX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 1.00% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
SLASX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.25% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
SLASX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 20.00% | 0.00% | 496.00% | 42.50% |
SLASX - Distributions
Dividend Yield Analysis
SLASX | Category Low | Category High | SLASX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.87% | 0.00% | 25.22% | 10.95% |
Dividend Distribution Analysis
SLASX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | SemiAnnual | Annual | Monthly | Quarterly |
Net Income Ratio Analysis
SLASX | Category Low | Category High | SLASX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.18% | -54.00% | 6.06% | 77.69% |
Capital Gain Distribution Analysis
SLASX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Semi-Annually | Annually | Semi-Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 11, 2023 | $1.804 | OrdinaryDividend |
Jun 28, 2023 | $1.146 | OrdinaryDividend |
Dec 12, 2022 | $1.204 | OrdinaryDividend |
Dec 19, 2012 | $0.601 | OrdinaryDividend |
Dec 21, 2011 | $0.167 | OrdinaryDividend |
Dec 02, 2010 | $0.490 | OrdinaryDividend |
Dec 02, 2009 | $0.285 | OrdinaryDividend |
Dec 02, 2008 | $0.354 | OrdinaryDividend |
Dec 04, 2007 | $0.487 | OrdinaryDividend |
Dec 02, 2005 | $0.280 | OrdinaryDividend |
Dec 02, 2004 | $0.267 | OrdinaryDividend |
Dec 02, 2003 | $0.214 | OrdinaryDividend |
Dec 03, 2002 | $0.200 | OrdinaryDividend |
Dec 04, 2001 | $0.052 | OrdinaryDividend |
Sep 28, 2001 | $0.030 | OrdinaryDividend |
Jun 29, 2001 | $0.030 | OrdinaryDividend |
Mar 22, 2001 | $0.030 | OrdinaryDividend |
Dec 01, 2000 | $0.045 | OrdinaryDividend |
Sep 22, 2000 | $0.030 | OrdinaryDividend |
Jun 22, 2000 | $0.030 | OrdinaryDividend |
Mar 22, 2000 | $0.030 | OrdinaryDividend |
Sep 22, 1999 | $0.050 | OrdinaryDividend |
Jun 23, 1999 | $0.050 | OrdinaryDividend |
Mar 23, 1999 | $0.180 | OrdinaryDividend |
Sep 24, 1998 | $0.050 | OrdinaryDividend |
Jun 30, 1998 | $0.050 | OrdinaryDividend |
Mar 30, 1998 | $0.050 | OrdinaryDividend |
Dec 31, 1997 | $1.705 | OrdinaryDividend |
Sep 30, 1997 | $0.060 | OrdinaryDividend |
Jun 30, 1997 | $0.060 | OrdinaryDividend |
Mar 31, 1997 | $0.060 | OrdinaryDividend |
Sep 29, 1995 | $0.060 | OrdinaryDividend |
Jun 30, 1995 | $0.060 | OrdinaryDividend |
Mar 31, 1995 | $0.060 | OrdinaryDividend |
Jun 30, 1994 | $0.060 | OrdinaryDividend |
Mar 31, 1994 | $0.060 | OrdinaryDividend |
Mar 31, 1993 | $0.040 | OrdinaryDividend |
Dec 28, 1992 | $0.070 | OrdinaryDividend |
Sep 30, 1992 | $0.040 | OrdinaryDividend |
Jun 30, 1992 | $0.040 | OrdinaryDividend |
Mar 30, 1992 | $0.040 | OrdinaryDividend |
Sep 26, 1991 | $0.080 | OrdinaryDividend |
Mar 28, 1991 | $0.080 | OrdinaryDividend |
Dec 20, 1990 | $0.190 | OrdinaryDividend |
Jun 28, 1990 | $0.080 | OrdinaryDividend |
Mar 29, 1990 | $0.080 | OrdinaryDividend |
Oct 21, 1989 | $0.070 | OrdinaryDividend |
Jul 12, 1989 | $0.060 | OrdinaryDividend |
SLASX - Fund Manager Analysis
Managers
Christopher Davis
Start Date
Tenure
Tenure Rank
Dec 01, 1994
27.52
27.5%
Christopher Davis, Portfolio Manager, 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 Danton Goei 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.
Danton Goei
Start Date
Tenure
Tenure Rank
Jan 01, 2014
8.42
8.4%
Danton G. Goei joined Davis Advisors in 1998. He is the portfolio manager for the Davis Global Fund. Mr. Goei received his B.A. from Georgetown University and his M.B.A. from The Wharton School. He was previously employed at Bain & Company, Morgan Stanley Asia Ltd. and Citicorp. Mr. Goei speaks multiple languages and has lived in Europe and Asia, and currently resides in New York City. Mr. Goei has an M.B.A. from The Wharton School and a B.A. from Georgetown University.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.04 | 39.02 | 7.24 | 2.42 |