Christopher C. Davis has over 19 years experience in investment management and securities research. He is a Portfolio Manager of the Davis Large Cap Value portfolios along with Kenneth C. Feinberg and a member of the research team of other portfolios. Mr. Davis joined the firm in 1989. He received his M.A. from the University of St. Andrews in Scotland.

Kenneth C. Feinberg is a Portfolio Manager of the Davis Large Cap Value portfolios and a member of the research team of other portfolios. He joined Davis Advisors in 1994. Mr. Feinberg received his M.B.A. from Columbia University and his B.A. from Johns Hopkins University.

Andrew A. Davis joined Davis Advisors in 1993, and is a Portfolio Manager of the Davis Appreciation & Income Fund, as well as the Davis Real Estate Fund. He has over 19 years of investment management experience. Previously, he was employed at PaineWebber, Inc. as Vice President, managing both its Convertible Security Research and Closed-End Bond Fund Research departments. He received his B.A. from Colby College.

Shelby M.C. Davis founded Davis Advisors in 1969, and is an Advisor. Possessing over 40 years of experience in securities analysis, Mr. Davis advises the Portfolio Research Team on investment themes, strategies and stock selection. Mr. Davis began his career at The Bank of New York where he rose to be the Head of the Research Department and was named the youngest Vice President since Alexander Hamilton. He received his B.A. from Princeton University.

Dwight Blazin joined Davis Advisors in 1994. Previously he was a Consultant for IT Consulting and Systems Design. Mr. Blazin's research analysis has been shaped by working with Shelby M.C. Davis for over five years. He received a Ph.D. and M.A. from New York University and holds a B.A. from Brigham Young University.

Charles Cavanaugh has served as Co-Portfolio Manager of Davis Financial Fund since May 2007, and conducts research for other equity funds managed by Davis Advisors. Prior to joining Davis Advisors in 2001, Mr. Cavanaugh worked at ING Pilgrim as an Institutional Trader trading Domestic Equity Mutual Funds in excess of $7 billion dollars. He received his B.A. from the University of Notre Dame.

Stephen Chen joined Davis Advisors in 2002. Previously, Mr. Chen was a Research Analyst at Ulysses Partners. Mr. Chen's prior experience includes equity derivatives at J.P.Morgan and business assurance at PriceWaterhouseCoopers. He received a B.A. from Indiana University School of Business in 1995 and is a Certified Public Accountant.

Jae Chung joined Davis Advisors in 2003. Previously, Mr. Chung held Portfolio Manager positions at Marcstone Capital Management, Franklin Mutual Advisers and Oakmont Corporation. Mr. Chung received his B.A. from Yale University.

Danton Goei joined Davis Advisors in 1998. Previously, he was employed at Bain & Company, Morgan Stanley Asia Ltd. and Citicorp. Mr. Goei received his B.A. from Georgetown University and an M.B.A. from The Wharton School.

Todd M. Heysse joined Davis Advisors in 2002. Previously, he was employed by US WEST Communications as a network planning engineer. Mr. Heysse earned a B.S. in Electrical Engineering from Stanford University and an M.B.A from Columbia Business School.

Creston A. King joined Davis Advisors in 1999 and is the Portfolio Manager of Davis Government Bond Fund and Davis Government Money Market Fund. Mr. King also manages other government bond and money market funds advised by Davis Advisors. Prior to joining, Mr. King was a Trader, Analyst and Portfolio Manager for U.S. Global Investors, Inc., where he managed various money market funds and bond funds. He received his B.A. from Duke University.

Prior to joining Davis Advisors in 2003, Tania Pouschine worked for 10 years as a Research Analyst at Ruane, Cunniff (Sequoia Fund). Previously, Ms. Pouschine had worked for Forbes Magazine as an Associate Editor and at Bankers Trust as a Lending Officer. Ms. Pouschine received a B.A. from Middlebury College.

Darin Prozes joined Davis Advisors in 2004. Previously, he worked for the Parthenon Group, a strategy consulting firm. Mr. Prozes received his B.A. from Princeton University and an M.B.A. from Stanford University.

Keith Sabol joined Davis Advisors in 2005, and is a Portfolio Manager of the Davis Appreciation & Income Fund. Mr. Sabol was previously a Principal at Quantanium, LLC and a Portfolio Manager for Federated Investors. He is a graduate of The United States Military Academy at West Point, served as Captain for the U.S. Army during Operation Desert Storm and has an M.S. from Carnegie Mellon University.

Chandler Spears joined Davis Advisors in November 2000, and is a Portfolio Manager of the Davis Real Estate Fund. He brings to the Fund the perspective and experience of working previously in the real estate industry. He received his B.B.A. from James Madison University and his M.S. from the University of Virginia.