Selected International Fund Class S is an open-end mutual fund with a primary objective of capital growth through investments in international equity securities. The fund invests predominantly in common stocks of companies located outside the United States, encompassing both developed and emerging markets. It maintains a diversified portfolio that typically includes large, medium, and small-cap companies, selected based on the Davis Investment Discipline, which emphasizes durable, well-managed businesses trading at value prices and holding them for the long term. As of early 2025, the fund holds a concentrated set of positions—around 28 holdings—spanning major international regions such as Asia, Europe, and Africa, with significant allocations to countries like China, Denmark, and South Africa. Nearly all assets are allocated to foreign stocks, targeting sectors and companies expected to provide growth and diversification beyond U.S. markets. Managed since 1993 under its current strategy, the fund serves investors seeking exposure to global equity markets, diversification benefits, and the potential for attractive long-term returns outside the U.S.
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