The Davis Funds

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, employees, and directors are among the largest shareholders in the Davis 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.** Click here for details on our long term performance record.
Past performance is not a guarantee of future results. * As of December 31, 2008 ** All equity investments involve risk. No investor is guaranteed a profit. Privacy Statement and Business Continuity Plan Proxy Voting Information This material must be accompanied or preceded by a current Davis Fund Prospectus. Carefully consider the fund's investment objectives, strategies, risks, charges and expenses before investing or sending money. The prospectus contains this and other information and can be obtained by clicking here or calling 1 800 279-0279. Davis Distributors, LLC, is the distributor of the Davis Funds.