This resource provides insight into 1) why a bear market should make investors more optimistic about future returns, and 2) how Davis' disciplined focus on buying durable companies at the right price has produced a unique record of outperformance over our history, despite short periods of underperformance.

Equity markets are volatile and an investor may lose money. Past performance is not a guarantee of future results.

Concisely outlines key attributes of the fund, including our consistent historical long-term performance, our below-average expenses and turnover, our experienced managers, and the recognition we have received for shareholder stewardship.

Past performance is not a guarantee of future results. There is no guarantee that Davis New York Venture Fund will continue to deliver consistent investment performance. Expenses and turnover will vary.

Discusses how Davis' unique culture of research rigor and stewardship have produced important and measurable shareholder benefits - including attractive long-term results, low expenses, low turnover, high alignment of interests and strong stewardship grades

Reviews the specific attributes of the fund and profiles who may consider investing in this Portfolio.

Morningstar issues "Stewardship Grades", measuring an investment manager's commitment to shareholders interests. Of the 1000 funds graded, only 89 funds or less than 10% of funds earned the highest overall Stewardship grade of "A". Of these 89 funds, five are Davis Funds.

Detail on the Davis Investment Discipline, the evolution of this approach over three generations of successful investors, information regarding our process for selecting stocks and what we look for in a company, as well as a profile of the investment professionals at Davis.

Fortune highlights an uncommon act of shareholder stewardship: Davis voluntarily reduces management fees

Portfolio Manager Christopher Davis discusses the current environment from the perspective of a third-generation investor; how bear markets offer an opportunity to buy superior companies at attractive prices; and the four areas that Davis is currently targeting for long-term investment.

When navigating volatile markets, it can be instructive to revisit the timeless principles that have guided some of history's most successful investors. This resource highlights wisdom from such legendary investors as Warren Buffett, Ben Graham, Peter Lynch, etc.

Over 60 years, we have recognized that most successful investors share one trait: a rational, disciplined and unemotional investment approach. This resource illustrates how investors have damaged their chances of compounding wealth by allowing emotions to influence their decision-making process.

This hypothetical advertisement allows the investor to read mutual fund ads with a critical eye and make decisions more appropriate for their long-term goals (Copyright © 2003 by the Investment Company Institute)

This resource provides a guide to the investor seeking to reduce the sales charge applied to a purchase of "Class A" shares.

This government report was referenced in the Davis New York Venture Fund Portfolio Manager Annual Review 2009.