09/19/2024 | Press release | Distributed by Public on 09/19/2024 07:48
Filed by the Registrant
|
☒
|
Filed by a Party other than the Registrant
|
☐
|
☐
|
Preliminary Proxy Statement
|
☐
|
Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)
|
☒
|
Definitive Proxy Statement
|
☐
|
Definitive Additional Materials
|
☐
|
Soliciting Material Pursuant to Rule 14a-11(c) or Rule 14a-12
|
☒
|
No fee required.
|
☐
|
Fee paid previously with preliminary materials.
|
☐
|
Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11.
|
1.
|
Notice of Special Meeting
|
2.
|
Proxy Statement
|
3.
|
Appendices
|
A.
|
Fund/Auditor/Fiscal Year End
|
B.
|
Fund/Cost of Proxy
|
C.
|
Fund/ Sub-Adviser and Address
|
D.
|
Fund/ Shares Outstanding at August 31, 2024
|
E.
|
Fund/ Over 5% Shareholders including Name and Address
|
F.
|
Fund/Director-Length of Service
|
G.
|
Number of Meetings Based on Fiscal Year End of Board and each Committee
|
H.
|
Dollar Range of Shares Owned by each Director
|
I.
|
Fund-Director Compensation including Deferred Compensation
|
J.
|
Fund-Audit Fees, Related Fees, Tax Fees, Other Fees for Each of Last Two Fiscal Years
|
K.
|
Fees Billed by Audit Firm by Fiscal Year End
|
L.
|
Non-Audit Fees Billed Over the Last Two Fiscal Years by Corporation
|
4.
|
Important Notice Regarding the Availability of Proxy Materials for the Shareholder Meeting to be Held on November 29, 2024
|
Name, Address, and Age
|
Position(s) Held with Davis New York Venture Fund, Inc., Davis Series, Inc., and Davis Variable Account Fund, Inc.
|
Term of Office and Length of Time Served
|
Principal Occupation(s) During Past Five Years
|
Number of Portfolios in Fund Complex Overseen by Nominee*
|
Other Directorships Held by Nominee During the Last Five Years
|
Independent Directors:
|
|||||
John S. Gates, Jr.
(71) 2949 E Elvira Rd, Suite 101 Tucson, AZ 85756 |
Director
|
Director since 2007
|
Executive Chairman, TradeLane Properties LLC (industrial real estate company); Chairman and Chief Executive Officer of PortaeCo LLC (private investment company).
|
16
|
Director, Miami Corp. (diversified investment company).
|
Thomas S. Gayner
(62) 2949 E Elvira Rd, Suite 101 Tucson, AZ 85756 |
Director
|
Director since 2004; Chairman since 2009
|
CEO and Director, Markel Group (diversified financial holding company).
|
16
|
Director, Graham Holdings Company (educational and media company); Director, Cable ONE Inc. (cable service provider); Director, The Coca-Cola Company (beverage company).
|
Samuel H. Iapalucci
(72) 2949 E Elvira Rd, Suite 101 Tucson, AZ 85756 |
Director
|
Director since 2006
|
Retired; Executive Vice President and Chief Financial Officer, CH2M HILL Companies, Ltd. (engineering) until 2008.
|
16
|
None
|
Lara N. Vaughan
(55) 2949 E Elvira Rd, Suite 101 Tucson, AZ 85756 |
Director
|
Director since 2021
|
Chief Executive Officer and Chief Financial Officer of Parchman, Vaughan, & Company, L.L.C. (investment bank).
|
16
|
None
|
Francisco Borges
(72) 2949 E Elvira Rd, Suite 101 Tucson, AZ 85756 |
Nominee
|
N/A
|
Chairman and Head of Secondaries, Ares Management Corp. (global alternative investment manager) since 2021; Chairman and Managing Partner, Landmark Partners, LLC (private equity firm) from 1999 until 2021.
|
16
|
Trustee of Clipper Funds Trust; Director of Selected American Shares, Inc. and Selected International Fund, Inc.; Chairman and Trustee, John S. and James L. Knight Foundation; Chairman/Director, Assured Guaranty Ltd. (financial guaranty insurance business); Trustee, Millbrook School; Director, Hartford Healthcare (healthcare network).
|
Katherine MacWilliams
(68) 2949 E Elvira Rd, Suite 101 Tucson, AZ 85756 |
Nominee
|
N/A
|
Retired; Chief Financial Officer, Caridian BCT, Inc. (medical device company).
|
16
|
Trustee of Clipper Funds Trust; Director of Selected American Shares, Inc. and Selected International Fund, Inc.
|
Richard O'Brien
(79) 2949 E Elvira Rd, Suite 101 Tucson, AZ 85756 |
Nominee
|
N/A
|
Retired; Corporate Economist, HP Inc.
|
16
|
Trustee of Clipper Funds Trust; Director of Selected American Shares, Inc. and Selected International Fund, Inc.
|
Interested Directors:
|
|||||
Andrew Davis
(61) 2949 E Elvira Rd, Suite 101 Tucson, AZ 85756 |
Director
|
Director since 1997
|
President or Vice President of each Davis Fund, Selected Fund and Clipper Fund; President, Davis Selected Advisers, L.P. (the "Adviser"), and also serves as an executive officer of certain companies affiliated with the Adviser.
|
16
|
Trustee of Clipper Funds Trust; Director of Selected American Shares, Inc. and Selected International Fund, Inc.
|
Christopher Davis
(59) 2949 E Elvira Rd, Suite 101 Tucson, AZ 85756 |
Director
|
Director since 1997
|
President or Vice President of each Davis Fund, Selected Fund, Clipper Fund, and Davis Fundamental ETF Trust; Chairman, Davis Selected Advisers, L.P. (the "Adviser"), and also serves as an executive officer of certain companies affiliated with the Adviser, including sole member of the Adviser's general partner, Davis Investments, LLC.
|
16
|
Trustee of Clipper Funds Trust; Director of Selected American Shares, Inc. and Selected International Fund, Inc.; Lead Independent Director, Graham Holdings Co. (educational and media company); Director, The Coca-Cola Company (beverage company); Director, Berkshire Hathaway Inc. (financial services).
|
|
* |
The "Fund Complex" consists of the following registered open-end management investment companies managed by Davis Advisors: Davis New York Venture Fund, Inc., Davis Series, Inc., Davis Variable Account Fund, Inc., Selected American Shares, Inc., Selected International Fund, Inc., and Clipper Funds Trust.
|
Fund
|
Percentage
|
DAVIS NEW YORK VENTURE FUND, INC.
|
|
Davis New York Venture Fund
|
0.44%
|
Davis Research Fund
|
0.51%
|
Davis Global Fund
|
0.79%
|
Davis International Fund
|
1.19%
|
DAVIS SERIES, INC.
|
|
Davis Opportunity Fund
|
2.50%
|
Davis Financial Fund
|
5.04%
|
Davis Balanced Fund
|
1.51%
|
Davis Real Estate Fund
|
12.88%
|
Davis Government Bond Fund
|
3.03%
|
Davis Government Money Market Fund
|
6.04%
|
DAVIS VARIABLE ACCOUNT FUND, INC.
|
|
Davis Equity Portfolio
|
0.00%
|
Davis Financial Portfolio
|
0.00%
|
Davis Real Estate Portfolio
|
0.00%
|
|
* |
$878,600 is anticipated for the first year. As Richard O'Brien is retiring on December 31, 2025, and assuming the anticipated compensation does not change, then the anticipated compensation starting in 2026 is $753,600.
|
Aggregate Compensation from Davis New York Venture Fund, Inc.**
|
Pension or Retirement Benefits Accrued as Part of Davis New York Venture Fund, Inc. Expenses
|
Estimated Annual Benefits Upon Retirement
|
Total Compensation from Davis New York Venture Fund, Inc. Paid to Directors
|
|
Independent Directors
|
||||
John Gates
|
$68,481
|
N/A
|
N/A
|
$68,481
|
Thomas Gayner**
|
$68,481
|
N/A
|
N/A
|
$68,481
|
Samuel Iapalucci
|
$68,481
|
N/A
|
N/A
|
$68,481
|
Lara Vaughan**
|
$68,481
|
N/A
|
N/A
|
$68,481
|
Marsha Williams*
|
$70,456
|
N/A
|
N/A
|
$70,456
|
Robert Morgenthau*
|
$68,481
|
N/A
|
N/A
|
$68,481
|
|
* |
Resigned/retired as of 12/31/24.
|
|
** |
Compensation figures include cash and amounts elected to be deferred. Individual aggregate compensation includes voluntary deferred compensation as follows: Thomas Gayner, $68,481; Lara Vaughan, $34,240.
|
Aggregate Compensation from Davis Series, Inc.**
|
Pension or Retirement Benefits Accrued as Part of Davis Series, Inc. Expenses
|
Estimated Annual Benefits Upon Retirement
|
Total Compensation from Davis Series, Inc. Paid to Directors
|
|
Independent Directors
|
||||
John Gates
|
$41,460
|
N/A
|
N/A
|
$41,460
|
Thomas Gayner**
|
$41,460
|
N/A
|
N/A
|
$41,460
|
Samuel Iapalucci
|
$41,460
|
N/A
|
N/A
|
$41,460
|
Lara Vaughan**
|
$41,460
|
N/A
|
N/A
|
$41,460
|
Marsha Williams*
|
$42,660
|
N/A
|
N/A
|
$42,660
|
Robert Morgenthau*
|
$41,460
|
N/A
|
N/A
|
$41,460
|
|
* |
Resigned/retired as of 12/31/24.
|
|
** |
Compensation figures include cash and amounts elected to be deferred. Individual aggregate compensation includes voluntary deferred compensation as follows: Thomas Gayner, $38,549; Lara Vaughan, $19,275.
|
Aggregate Compensation from Davis Variable Account Fund, Inc.**
|
Pension or Retirement Benefits Accrued as Part of Davis Variable Account Fund, Inc. Expenses
|
Estimated Annual Benefits Upon Retirement
|
Total Compensation from Davis Variable Account Fund, Inc. Paid to Directors
|
|
Independent Directors
|
||||
John Gates
|
$15,660
|
N/A
|
N/A
|
$15,660
|
Thomas Gayner**
|
$15,660
|
N/A
|
N/A
|
$15,660
|
Samuel Iapalucci
|
$15,660
|
N/A
|
N/A
|
$15,660
|
Lara Vaughan **
|
$15,660
|
N/A
|
N/A
|
$15,660
|
Marsha Williams*
|
$16,100
|
N/A
|
N/A
|
$16,100
|
Robert Morgenthau*
|
$15,660
|
N/A
|
N/A
|
$15,660
|
|
* |
Resigned/retired as of 12/31/24.
|
|
** |
Compensation figures include cash and amounts elected to be deferred. Individual aggregate compensation includes voluntary deferred compensation as follows: Thomas Gayner, $15,660; Lara Vaughan, $7,830.
|
|
* |
Marsha Williams is retiring on December 31, 2024, and will not join the proposed consolidated Board. Katherine MacWilliams is set to become the Independent Audit Committee Financial Expert for the proposed consolidated Board, and she currently serves this function for the Clipper Fund and Selected Funds board.
|
Name and year of birth
|
Position
|
Term of office and length of service
|
Principal occupation during past five years
|
Christopher Davis
1965 |
President
|
Since 1997
|
President or Vice President of the Davis Funds (consisting of thirteen portfolios), the Selected Funds (consisting of two portfolios), Davis Fundamental ETF Trust (consisting of four portfolios), and the Clipper Fund (consisting of one portfolio); Chairman, Davis Selected Advisers, L.P. (the "Adviser"); and also serves as an executive officer of certain companies affiliated with the Adviser, including sole member of the Adviser's general partner, Davis Investments, LLC.
|
Andrew Davis
1963 |
Vice President
|
Since 1997
|
President or Vice President of the Davis Funds (consisting of thirteen portfolios), the Selected Funds (consisting of two portfolios), and the Clipper Fund (consisting of one portfolio); President, Davis Selected Advisers, L.P. (the "Adviser"); and also serves as an executive officer of certain companies affiliated with the Adviser.
|
Kenneth Eich
1953 |
Executive Vice President and Principal Executive Officer
|
Since 1997
|
Executive Vice President and Principal Executive Officer of the Davis Funds (consisting of thirteen portfolios), the Selected Funds (consisting of two portfolios), and the Clipper Fund (consisting of one portfolio); Trustee/Chairman, Executive Vice President, and Principal Executive Officer of Davis Fundamental ETF Trust (consisting of four portfolios); Chief Operating Officer, Davis Selected Advisers, L.P. (the "Adviser"); and also serves as an executive officer of certain companies affiliated with the Adviser.
|
Douglas Haines
1971 |
Vice President, Treasurer, Chief Financial Officer, and Principal Accounting Officer
|
Since 2004
|
Vice President, Treasurer, Chief Financial Officer, Principal Financial Officer, and Principal Accounting Officer of the Davis Funds (consisting of thirteen portfolios), the Selected Funds (consisting of two portfolios), the Clipper Fund (consisting of one portfolio), and Davis Fundamental ETF Trust (consisting of four portfolios); Vice President and Director of Fund Accounting, Davis Selected Advisers, L.P.
|
Michaela McLoughry
1981 |
Vice President and Chief Compliance Officer
|
Since 2023
|
Vice President and Chief Compliance Officer of the Davis Funds (consisting of thirteen portfolios), the Selected Funds (consisting of two portfolios), the Clipper Fund (consisting of one portfolio), and Davis Fundamental ETF Trust (consisting of four portfolios); Vice President and Chief Compliance Officer, Davis Selected Advisers, L.P. (the "Adviser"); and also serves as an executive officer of certain companies affiliated with the Adviser. Prior to assuming these positions, Ms. McLoughry spent close to 18 years in the Fund Accounting department at Davis Selected Advisers, L.P.
|
Lisa Cohen
1989 |
Vice President and Secretary
|
Since 2021
|
Vice President and Secretary of the Davis Funds (consisting of thirteen portfolios), the Selected Funds (consisting of two portfolios), the Clipper Fund (consisting of one portfolio), and Davis Fundamental ETF Trust (consisting of four portfolios); Vice President, Chief Legal Officer, and Secretary, Davis Selected Advisers, L.P. (the "Adviser"); and also serves as an executive officer of certain companies affiliated with the Adviser. Prior to assuming these positions, Ms. Cohen worked for Honeywell International, Inc. (01/2020-06/2021) and as an attorney at Davis Selected Advisers, L.P. (12/2015-01/2020).
|
•
|
complete and sign the enclosed proxy ballot and mail it to us in the prepaid return envelope (if mailed in the United States);
|
•
|
via the Internet at the web address printed on your proxy ballot;
|
•
|
call the toll-free telephone number printed on your proxy ballot; or
|
•
|
attend the Special Meeting in person.
|
1.
|
The Nominating Committee (the "Committee") shall be composed entirely of Independent Directors. The members of the Committee shall be appointed by the Board and shall serve at the pleasure of the Board. Unless a Chairperson is appointed by the Board, the members of the Committee shall designate a Chairperson by majority vote.
|
2.
|
The purposes of the Committee are:
|
a.
|
to review, select and nominate persons to serve as members of the Board of Directors;
|
b.
|
to review and make recommendations concerning the compensation of the Independent Directors;
|
c.
|
to review compliance with the fund governance standards under the Investment Company Act of 1940; and
|
d.
|
to review the committee structure and make recommendations on changes in committees and committee powers.
|
3.
|
To carry out its purposes, duties and powers, the Committee shall:
|
a.
|
ii.
|
Identify, screen, select and nominate director candidates for election to the Board, and submit final recommendations to the full Board for approval. The Committee may consider candidates suggested by the Adviser and by any shareholder (see paragraph 8 below). However, the selection and nomination of candidates for submission to the Board shall be made exclusively by the Committee.
|
iii.
|
Periodically review the Funds' stated retirement and investment policies for its Directors, and adherence with such policies.
|
iv.
|
With the assistance of Fund counsel, review information relating to positions, transactions and relationships that could reasonably bear on the independence of Directors or raise concerns regarding potential conflicts of interest involving Directors.
|
b.
|
Review Independent Director compensation at least every two years, and expense reimbursement policies as appropriate. The Committee shall make recommendations on these matters to the full Board. Director compensation recommendations may take into account the size and number of the Funds, the performance of the Funds, the demands placed on the Independent Directors, the practices of other mutual fund groups, the need to attract and retain qualified Independent Directors, any relevant regulatory or judicial developments, and other considerations deemed appropriate by the Committee.
|
c.
|
With the assistance of Fund counsel, review compliance by the Funds with the fund governance standards under the rules of the 1940 Act, including review of any policies and procedures designed to ensure compliance with the fund governance standards.
|
d.
|
In consultation with the Chairperson of the Board, review at least annually the committee structure of the Funds and make recommendations concerning any changes in committees and committee powers. The Committee shall, in conjunction with the Chairperson of the Board, coordinate the Board's annual review of the performance of the Board and its committees, including a consideration of the committee structure of the Board and the number of funds on whose boards each Director serves. The Committee shall also encourage attendance by Independent Directors at educational seminars, conferences or similar meetings organized for or of particular interest to Fund Directors, and to review compensation and expense policies regarding such attendance.
|
4.
|
In addition to its substantive purposes, duties and responsibilities, the Committee shall:
|
a.
|
Report its significant activities to the Board and make such recommendations with respect to the foregoing matters as the Committee may deem necessary or appropriate.
|
b.
|
Have the resources and authority appropriate to investigate any other matter brought to its attention within the scope of its duties and, in its discretion, to retain special advisers or experts to advise the Committee, which may be at the expense of the Funds, if, in the Committee's judgment, that is appropriate.
|
c.
|
Maintain minutes of its meetings.
|
5.
|
The Committee shall meet on a regular basis, but at least once annually, and is empowered to hold special meetings as circumstances require.
|
6.
|
The Committee shall review this Charter at least annually and recommend any changes to the full Board of Directors.
|
7.
|
For purposes of this Charter, a Director shall be deemed to be independent if he or she (1) is not an "interested person" of the Funds, as that term is defined in the Investment Company Act of 1940 (the "1940 Act"), (2) has not accepted any consulting, advisory or other compensatory fee from the Funds except for services as a Director and (3) is free from any relationship that, in the opinion of the Board, would interfere with the exercise of his or her independent judgment as a member of the Committee.
|
8.
|
Shareholders may submit to the Committee recommendations regarding potential Board member nominees. Shareholders may propose nominees by writing to the Nominating Committee, in care of the Secretary of the Davis Funds at the Funds' primary business address. In order for the Committee to consider shareholder submissions, the following information and requirements should be furnished or satisfied:
|
a.
|
the shareholder's contact information and number of shares of the Funds beneficially owned by the shareholder;
|
b.
|
the nominee's contact information and the number of shares of the Funds beneficially owned by the nominee;
|
c.
|
all information regarding the nominee that would be required to be disclosed in solicitations of proxies for elections of Directors required by Regulation 14A of the Securities Exchange Act and in the Funds' registration statement and applicable public filings; and
|
d.
|
a letter executed by the nominee, stating his or her intention to serve as a nominee, consent to be identified in the Funds' public filings if nominated by the Committee and the Board, and acknowledgement that the nominee satisfies all qualifications provided in each Fund's organizational documents and under applicable law (including qualification as an Independent Director under the 1940 Act and its rules, if applicable).
|
9.
|
In the event that the Chairperson of the Funds is not an Independent Director under paragraph 7 of this Charter, the Independent Directors shall elect a Lead Independent Director of the Funds. Any Lead Independent Director shall:
|
a.
|
preside over executive sessions of the Independent Directors of the Funds;
|
b.
|
facilitate communication between the Independent Directors and management, and among the Independent Directors; and
|
c.
|
have such other responsibilities as the Board or Independent Directors shall determine.
|
Fund
|
Auditor
|
Fiscal Year End
|
DAVIS NEW YORK VENTURE FUND, INC.
|
KPMG LLP
|
|
Davis New York Venture Fund
Davis Research Fund Davis Global Fund Davis International Fund |
7/31/2024
7/31/2024
10/31/2023
10/31/2023
|
|
DAVIS SERIES, INC.
|
KPMG LLP
|
|
Davis Financial Fund
Davis Real Estate Fund Davis Balanced Fund Davis Opportunity Fund Davis Government Money Market Fund Davis Government Bond Fund |
12/31/2023
12/31/2023
12/31/2023
12/31/2023
12/31/2023
12/31/2023
|
|
DAVIS VARIABLE ACCOUNT FUND, INC.
|
KPMG LLP
|
|
Davis Equity Portfolio
Davis Financial Portfolio Davis Real Estate Portfolio |
12/31/2023
12/31/2023
12/31/2023
|
Fund
|
Estimated aggregate cost for
this proxy to utilize Broadridge |
DAVIS NEW YORK VENTURE FUND, INC.
|
|
Davis New York Venture Fund
Davis Research Fund Davis Global Fund Davis International Fund |
$102,054.22
$1,071.59
$12,239.82
$2,267.15
|
DAVIS SERIES, INC.
|
|
Davis Financial Fund
Davis Real Estate Fund Davis Balanced Fund Davis Opportunity Fund Davis Government Money Market Fund Davis Government Bond Fund |
$14,706.65
$2,426.82
$3,860.68
$8,740.52
$1,445.74
$269.95
|
DAVIS VARIABLE ACCOUNT FUND, INC.
|
|
Davis Equity Portfolio
Davis Financial Portfolio Davis Real Estate Portfolio |
$1,600.14
$844.51
$140.34
|
Fund
|
Sub-Adviser
|
Address
|
DAVIS NEW YORK VENTURE FUND, INC .
|
Davis Selected Advisers-NY, Inc.
|
|
Davis New York Venture Fund
Davis Research Fund Davis Global Fund Davis International Fund |
620 5th Ave, 3rd Floor
New York, NY 10020
|
|
DAVIS SERIES, INC.
|
Davis Selected Advisers-NY, Inc.
|
|
Davis Financial Fund
Davis Real Estate Fund Davis Balanced Fund Davis Opportunity Fund Davis Government Money Market Fund Davis Government Bond Fund |
620 5th Ave, 3rd Floor
New York, NY 10020
|
|
DAVIS VARIABLE ACCOUNT FUND, INC.
|
Davis Selected Advisers-NY, Inc.
|
|
Davis Equity Portfolio
Davis Financial Portfolio Davis Real Estate Portfolio |
620 5th Ave, 3rd Floor
New York, NY 10020
|
Fund
|
Number of shares outstanding
as of August 31, 2024 |
DAVIS NEW YORK VENTURE FUND, INC.
|
|
Davis New York Venture Fund
|
Class A - 165,426,018
Class B - 139,122 Class C - 3,995,834 Class R - 2,115,155 Class Y - 59,229,798 |
Davis Research Fund
|
Class A - 2,217,514
|
Davis Global Fund
|
Class A - 6,556,005
Class C - 1,350,262 Class Y - 20,020,375 |
Davis International Fund
|
Class A - 1,405,449
Class C - 369,318 Class Y - 10,730,843 |
DAVIS SERIES, INC.
|
|
Davis Financial Fund
|
Class A - 7,435,517
Class C - 929,144 Class Y - 6,886,726 |
Davis Real Estate Fund
|
Class A - 1,933,654
Class C - 23,657 Class Y - 1,639,175 |
Davis Balanced Fund
|
Class A - 2,120,604
Class C - 42,378 Class Y - 1,936,296 |
Davis Opportunity Fund
|
Class A - 7,256,286
Class C - 332,995 Class Y - 5,447,250 |
Davis Government Money Market Fund
|
Class A - 104,977,288
Class C - 1,101,108 Class Y - 4,258,849 |
Davis Government Bond Fund
|
Class A - 3,077,102
Class C - 107,295 Class Y - 258,704 |
DAVIS VARIABLE ACCOUNT FUND, INC.
|
|
Davis Equity Portfolio
|
14,196,656
|
Davis Financial Portfolio
|
3,533,919
|
Davis Real Estate Portfolio
|
609,844
|
Fund
|
Owner name
|
City
|
State
|
Ownership %
|
DAVIS NEW YORK VENTURE FUND, INC.
|
||||
Davis New York Venture Fund
|
||||
Class A
|
Morgan Stanley Smith Barney LLC
|
New York
|
NY
|
11.85%
|
Merrill Lynch Pierce Fenner & Smith
|
Jacksonville
|
FL
|
11.23%
|
|
Wells Fargo Clearing Services LLC
|
St. Louis
|
MO
|
8.42%
|
|
Charles Schwab & Co. Inc.
|
San Francisco
|
CA
|
8.06%
|
|
Pershing LLC
|
Jersey City
|
NJ
|
6.68%
|
|
Class B
|
LPL Financial
|
San Diego
|
CA
|
19.35%
|
Rosemary P Ellement TOD
|
Cedar Lake
|
IN
|
6.19%
|
|
UMB Bank NA Cust IRA FBO Holverson
|
Orland Park
|
IL
|
5.51%
|
|
Fred E Kogler TOD
|
Chicago
|
IL
|
5.37%
|
|
Class C
|
Morgan Stanley Smith Barney LLC
|
New York
|
NY
|
15.94%
|
Wells Fargo Clearing Services LLC
|
St. Louis
|
MO
|
12.81%
|
|
Raymond James
|
St. Petersburg
|
FL
|
11.60%
|
|
Pershing LLC
|
Jersey City
|
NJ
|
10.97%
|
|
Merrill Lynch Pierce Fenner & Smith
|
Jacksonville
|
FL
|
8.46%
|
|
RBC Capital Markets Corporation
|
Minneapolis
|
MN
|
5.27%
|
|
LPL Financial
|
San Diego
|
CA
|
5.25%
|
|
Charles Schwab & Co. Inc.
|
San Francisco
|
CA
|
5.06%
|
|
Class R
|
Hartford Life Insurance Co.
|
Hartford
|
CT
|
14.25%
|
Voya Retirement Insurance & Annuity Co.
|
Windsor
|
CT
|
13.00%
|
|
Empower Trust
|
Greenwood Village
|
CO
|
11.97%
|
|
Empower Annuity Insurance
|
Greenwood Village
|
CO
|
11.06%
|
|
State Street Bank & Trust Co.
|
Boston
|
MA
|
10.44%
|
|
Class Y
|
Morgan Stanley Smith Barney LLC
|
New York
|
NY
|
18.87%
|
Merrill Lynch Pierce Fenner & Smith
|
Jacksonville
|
FL
|
11.72%
|
|
Wells Fargo Clearing Services LLC
|
St. Louis
|
MO
|
9.95%
|
|
UBS WM USA
|
Weehawken
|
NJ
|
9.33%
|
|
Raymond James
|
St. Petersburg
|
FL
|
7.34%
|
|
Charles Schwab & Co. Inc.
|
San Francisco
|
CA
|
5.90%
|
|
Pershing LLC
|
Jersey City
|
NJ
|
5.25%
|
|
LPL Financial
|
San Diego
|
CA
|
5.08%
|
|
Davis Research Fund
|
||||
Class A
|
Davis Selected Advisers, LP.
|
Tucson
|
AZ
|
98.54%
|
Davis Global Fund
|
||||
Class A
|
Morgan Stanley Smith Barney LLC
|
New York
|
NY
|
18.88%
|
Merrill Lynch Pierce Fenner & Smith
|
Jacksonville
|
FL
|
15.03%
|
|
UBS WM USA
|
Weehawken
|
NJ
|
10.82%
|
|
Charles Schwab & Co. Inc.
|
San Francisco
|
CA
|
6.55%
|
|
Wells Fargo Clearing Services LLC
|
St. Louis
|
MO
|
6.38%
|
|
Pershing LLC
|
Jersey City
|
NJ
|
5.43%
|
|
Class C
|
UBS WM USA
|
Weehawken
|
NJ
|
16.17%
|
Morgan Stanley Smith Barney LLC
|
New York
|
NY
|
14.33%
|
|
Wells Fargo Clearing Services LLC
|
St. Louis
|
MO
|
12.78%
|
|
Raymond James
|
St. Petersburg
|
FL
|
11.86%
|
|
Charles Schwab & Co. Inc.
|
San Francisco
|
CA
|
11.46%
|
|
Pershing LLC
|
Jersey City
|
NJ
|
8.19%
|
|
Merrill Lynch Pierce Fenner & Smith
|
Jacksonville
|
FL
|
6.58%
|
|
American Enterprise Investment Services
|
Minneapolis
|
MN
|
5.99%
|
|
LPL Financial
|
San Diego
|
CA
|
5.19%
|
|
Class Y
|
Davis Selected Advisers, L.P.
|
Tucson
|
AZ
|
18.89%
|
Morgan Stanley Smith Barnes LLC
|
New York
|
NY
|
18.26%
|
|
Merrill Lynch Pierce Fenner & Smith
|
Jacksonville
|
FL
|
9.96%
|
|
Charles Schwab & Co. Inc.
|
San Francisco
|
CA
|
9.31%
|
|
Pershing LLC
|
Jersey City
|
NJ
|
7.42%
|
|
RBC Capital Markets Corporation
|
Minneapolis
|
MN
|
6.96%
|
|
UBS WM USA
|
Weehawken
|
NJ
|
5.78%
|
|
LPL Financial
|
San Diego
|
CA
|
5.19%
|
|
Davis International Fund
|
||||
Class A
|
Wells Fargo Clearing Services LLC
|
St. Louis
|
MO
|
11.15%
|
Morgan Stanley Smith Barney LLC
|
New York
|
NY
|
11.06%
|
|
Danton G Goei
|
New York
|
NY
|
9.83%
|
|
Christopher C. Davis
|
New York
|
NY
|
8.71%
|
|
Charles Schwab & Co. Inc.
|
San Francisco
|
CA
|
7.23%
|
|
Raymond James
|
St. Petersburg
|
FL
|
5.87%
|
|
Class C
|
Wells Fargo Clearing Services LLC
|
St. Louis
|
MO
|
16.80%
|
Morgan Stanley Smith Barney LLC
|
New York
|
NY
|
15.61%
|
|
UBS WM USA
|
Weehawken
|
NJ
|
15.51%
|
|
Raymond James
|
St. Petersburg
|
FL
|
13.91%
|
|
RBC Capital Markets Corporation
|
Minneapolis
|
MN
|
11.06%
|
|
Pershing LLC
|
Jersey City
|
NJ
|
10.33%
|
|
Charles Schwab & Co. Inc.
|
San Francisco
|
CA
|
7.80%
|
|
Class Y
|
Davis Selected Advisers, LP.
|
Tucson
|
AZ
|
74.38%
|
Wells Fargo Clearing Services LLC
|
St. Louis
|
MO
|
6.16%
|
|
DAVIS SERIES, INC.
|
||||
Davis Financial Fund
|
||||
Class A
|
Charles Schwab & Co. Inc.
|
San Francisco
|
CA
|
13.77%
|
UBS WM USA
|
Weehawken
|
NJ
|
13.76%
|
|
Wells Fargo Clearing Services LLC
|
St. Louis
|
MO
|
9.67%
|
|
Morgan Stanley Smith Barney LLC
|
New York
|
NY
|
9.30%
|
|
Merrill Lynch Pierce Fenner & Smith
|
Jacksonville
|
FL
|
8.74%
|
|
Pershing LLC
|
Jersey City
|
NJ
|
6.42%
|
|
Class C
|
Morgan Stanley Smith Barney LLC
|
New York
|
NY
|
15.62%
|
Pershing LLC
|
Jersey City
|
NJ
|
15.40%
|
|
Wells Fargo Clearing Services LLC
|
St. Louis
|
MO
|
15.32%
|
|
LPL Financial
|
San Diego
|
CA
|
12.51%
|
|
Raymond James
|
St. Petersburg
|
FL
|
7.91%
|
|
Charles Schwab & Co. Inc.
|
San Francisco
|
CA
|
7.13%
|
|
Class Y
|
Morgan Stanley Smith Barney LLC
|
New York
|
NY
|
17.12%
|
Merrill Lynch Pierce Fenner & Smith
|
Jacksonville
|
FL
|
11.78%
|
|
Davis Selected Advisers, LP.
|
Tucson
|
AZ
|
11.04%
|
|
Charles Schwab & Co. Inc.
|
San Francisco
|
CA
|
8.88%
|
|
Pershing LLC
|
Jersey City
|
NJ
|
8.21%
|
|
American Enterprise Investment Services
|
Minneapolis
|
MN
|
6.91%
|
|
Wells Fargo Clearing Services LLC
|
St. Louis
|
MO
|
5.80%
|
|
Davis Real Estate Fund
|
||||
Class A
|
Christopher Davis
|
New York
|
NY
|
12.97%
|
Morgan Stanley Smith Barney LLC
|
New York
|
NY
|
8.14%
|
|
Charles Schwab & Co. Inc.
|
San Francisco
|
CA
|
8.12%
|
|
J.P. Morgan Securities LLC
|
Brooklyn
|
NY
|
7.78%
|
|
Pershing LLC
|
Jersey City
|
NJ
|
7.03%
|
|
Wells Fargo Clearing Services LLC
|
St. Louis
|
MO
|
5.73%
|
|
Class C
|
LPL Financial
|
San Diego
|
CA
|
58.34%
|
Wells Fargo Clearing Services LLC
|
St. Louis
|
MO
|
17.63%
|
|
Morgan Stanley Smith Barney LLC
|
New York
|
NY
|
7.37%
|
|
Pershing LLC
|
Jersey City
|
NJ
|
5.73%
|
|
Mid Atlantic Trust Co.
|
Pittsburgh
|
PA
|
5.03%
|
|
Class Y
|
Davis Selected Advisers, LP.
|
Tucson
|
AZ
|
29.15%
|
UBS WM USA
|
Weehawken
|
NJ
|
20.98%
|
|
American Enterprise Investment Services
|
Minneapolis
|
MN
|
13.99%
|
|
National Financial Services LLC
|
Jersey City
|
NJ
|
5.67%
|
|
Davis Balanced Fund
|
||||
Class A
|
Wells Fargo Clearing Services LLC
|
St. Louis
|
MO
|
10.72%
|
Morgan Stanley Smith Barney LLC
|
New York
|
NY
|
10.40%
|
|
Edward D. Jones & Co.
|
St. Louis
|
MO
|
8.94%
|
|
Pershing LLC
|
Jersey City
|
NJ
|
8.71%
|
|
Merrill Lynch Pierce Fenner & Smith
|
Jacksonville
|
FL
|
8.12%
|
|
UBS WM USA
|
Weehawken
|
NJ
|
8.09%
|
|
Charles Schwab & Co. Inc.
|
San Francisco
|
CA
|
7.49%
|
|
Class C
|
Wells Fargo Clearing Services LLC
|
St. Louis
|
MO
|
16.46%
|
LPL Financial
|
San Diego
|
CA
|
13.65%
|
|
Charles Schwab & Co. Inc.
|
San Francisco
|
CA
|
13.57%
|
|
RBC Capital Markets Corporation
|
Minneapolis
|
MN
|
13.01%
|
|
Pershing LLC
|
Jersey City
|
NJ
|
8.85%
|
|
Raymond James
|
St. Petersburg
|
FL
|
6.82%
|
|
UBS WM USA
|
Weehawken
|
NJ
|
6.54%
|
|
Class Y
|
Davis Selected Advisers, LP.
|
Tucson
|
AZ
|
63.08%
|
Raymond James
|
St. Petersburg
|
FL
|
10.48%
|
|
RBC Capital Markets Corporation
|
Minneapolis
|
MN
|
5.96%
|
|
Davis Opportunity Fund
|
||||
Class A
|
Morgan Stanley Smith Barney LLC
|
New York
|
NY
|
13.87%
|
Charles Schwab & Co. Inc.
|
San Francisco
|
CA
|
10.76%
|
|
Merrill Lynch Pierce Fenner & Smith
|
Jacksonville
|
FL
|
7.93%
|
|
Wells Fargo Clearing Services LLC
|
St. Louis
|
MO
|
7.73%
|
|
Pershing LLC
|
Jersey City
|
NJ
|
7.04%
|
|
Class C
|
Wells Fargo Clearing Services LLC
|
St. Louis
|
MO
|
25.25%
|
UBS WM USA
|
Weehawken
|
NJ
|
19.00%
|
|
Pershing LLC
|
Jersey City
|
NJ
|
15.28%
|
|
Morgan Stanley Smith Barney LLC
|
New York
|
NY
|
8.73%
|
|
Charles Schwab & Co. Inc.
|
San Francisco
|
CA
|
7.98%
|
|
Class Y
|
Davis Selected Advisers, LP.
|
Tucson
|
AZ
|
35.85%
|
Morgan Stanley Smith Barney LLC
|
New York
|
NY
|
14.89%
|
|
Merrill Lynch Pierce Fenner & Smith
|
Jacksonville
|
FL
|
5.60%
|
|
Charles Schwab & Co. Inc.
|
San Francisco
|
CA
|
5.32%
|
|
UBS WM USA
|
Weehawken
|
NJ
|
5.20%
|
|
Davis Government Money Market Fund
|
||||
Class A
|
Davis Selected Advisers, LP.
|
Tucson
|
AZ
|
29.23%
|
Davis Selected Advisers NY, Inc.
|
Tucson
|
AZ
|
11.42%
|
|
State Street Bank & Trust Co.
|
Boston
|
MA
|
11.35%
|
|
Class C
|
Morgan Stanley Smith Barney LLC
|
New York
|
NY
|
36.52%
|
John F Bushey
|
Ashburn
|
VA
|
8.59%
|
|
Wells Fargo Clearing Services LLC
|
St. Louis
|
MO
|
8.11%
|
|
UBS WM USA
|
Weehawken
|
NJ
|
6.14%
|
|
Class Y
|
National Financial Services LLC
|
Jersey City
|
NJ
|
92.60%
|
State Street Bank & Trust Co.
|
Boston
|
MA
|
5.00%
|
|
Davis Government Bond Fund
|
||||
Class A
|
Merrill Lynch Pierce Fenner & Smith
|
Jacksonville
|
FL
|
19.72%
|
Wells Fargo Clearing Services LLC
|
St. Louis
|
MO
|
10.06%
|
|
Pershing LLC
|
Jersey City
|
NJ
|
8.08%
|
|
LPL Financial
|
San Diego
|
CA
|
7.09%
|
|
Edward D. Jones & Co.
|
St. Louis
|
MO
|
5.37%
|
|
Charles Schwab & Co. Inc.
|
San Francisco
|
CA
|
5.09%
|
|
Class C
|
LPL Financial
|
San Diego
|
CA
|
33.10%
|
Raymond James
|
St. Petersburg
|
FL
|
32.48%
|
|
Pershing LLC
|
Jersey City
|
NJ
|
29.45%
|
|
Class Y
|
National Financial Services LLC
|
Jersey City
|
NJ
|
59.78%
|
Merrill Lynch Pierce Fenner & Smith
|
Jacksonville
|
FL
|
12.77%
|
|
Raymond James
|
St. Petersburg
|
FL
|
7.81%
|
|
DAVIS VARIABLE ACCOUNT FUND, INC.
|
||||
Davis Equity Portfolio
|
Transamerica Life Insurance Company
|
Cedar Rapids
|
IA
|
55.52%
|
Pruco Life Insurance Co. of Arizona
|
Newark
|
NJ
|
15.59%
|
|
Annuity Investors Life Insurance Company
|
Cincinnati
|
OH
|
7.90%
|
|
Nationwide Insurance Company
|
Columbus
|
OH
|
6.73%
|
|
Davis Financial Portfolio
|
Allianz Life Insurance Company of North America
|
Minneapolis
|
MN
|
62.30%
|
Nationwide Insurance Company
|
Columbus
|
OH
|
14.43%
|
|
Davis Real Estate Portfolio
|
Guardian Insurance & Annuity Co. Inc.
|
Bethlehem
|
PA
|
95.87%
|
Fund
|
Director
|
Independent or Interested
|
Director Year
|
DAVIS NEW YORK VENTURE FUND, INC.
Davis New York Venture Fund
Davis Research Fund
Davis Global Fund
Davis International Fund
|
Thomas Gayner
Samuel Iapalucci
John Gates
Lara Vaughan
Marsha Williams
Robert Morgenthau
Christopher Davis
Andrew Davis
|
Independent
Independent
Independent
Independent
Independent
Independent
Interested
Interested
|
2004
2006
2007
2021
1999
2002
1997
1997
|
DAVIS SERIES, INC.
Davis Financial Fund
Davis Real Estate Fund
Davis Balanced Fund
Davis Opportunity Fund
Davis Government Money Market Fund
Davis Government Bond Fund
|
Thomas Gayner
Samuel Iapalucci
John Gates
Lara Vaughan
Marsha Williams
Robert Morgenthau
Christopher Davis
Andrew Davis
|
Independent
Independent
Independent
Independent
Independent
Independent
Interested
Interested
|
2004
2006
2007
2021
1999
2002
1997
1997
|
DAVIS VARIABLE ACCOUNT FUND, INC.
Davis Equity Portfolio
Davis Financial Portfolio
Davis Real Estate Portfolio
|
Thomas Gayner
Samuel Iapalucci
John Gates
Lara Vaughan
Marsha Williams
Robert Morgenthau
Christopher Davis
Andrew Davis
|
Independent
Independent
Independent
Independent
Independent
Independent
Interested
Interested
|
2004
2006
2007
2021
1999
2002
1999
1999
|
Fund
|
Fiscal year end
|
Board of Directors
|
Audit Committee
|
Nominating Committee
|
Brokerage Committee
|
DAVIS NEW YORK VENTURE FUND, INC.
|
4
|
4
|
1
|
1
|
|
Davis New York Venture Fund
Davis Research Fund Davis Global Fund Davis International Fund |
7/31/2024
7/31/2024
10/31/2023
10/31/2023
|
||||
DAVIS SERIES, INC.
|
4
|
4
|
1
|
1
|
|
Davis Financial Fund
Davis Real Estate Fund Davis Balanced Fund Davis Opportunity Fund Davis Government Money Market Fund Davis Government Bond Fund |
12/31/2023
12/31/2023
12/31/2023
12/31/2023
12/31/2023
12/31/2023
|
||||
DAVIS VARIABLE ACCOUNT FUND, INC.
|
4
|
4
|
1
|
1
|
|
Davis Equity Portfolio
Davis Financial Portfolio Davis Real Estate Portfolio |
12/31/2023
12/31/2023
12/31/2023
|
Total Invested in All Funds*
|
|
Independent Nominees
|
|
John Gates
|
over $100,000
|
Thomas Gayner
|
over $100,000
|
Samuel Iapalucci
|
over $100,000
|
Lara Vaughan
|
over $100,000
|
Francisco Borges
|
None
|
Katherine MacWilliams
|
None
|
Richard O'Brien
|
None
|
Interested Nominees
|
|
Andrew Davis
|
over $100,000
|
Christopher Davis
|
over $100,000
|
* "Total Invested in All Funds" is the aggregate dollar range of investments in
all Funds overseen by the individual director and managed by Davis Selected Advisers, L.P. This includes the Davis Funds for all Directors, and also the Selected Funds and the Clipper Fund for Andrew Davis and Christopher Davis. |
|
Dollar Range of Shares in Davis Financial Fund
|
|
Independent Nominees
|
|
John Gates
|
None
|
Thomas Gayner
|
over $100,000
|
Samuel Iapalucci
|
None
|
Lara Vaughan
|
$10,001-$50,000
|
Francisco Borges
|
None
|
Katherine MacWilliams
|
None
|
Richard O'Brien
|
None
|
Interested Nominees
|
|
Andrew Davis
|
over $100,000
|
Christopher Davis
|
over $100,000
|
Dollar Range of Shares in Davis Real Estate Fund
|
|
Independent Nominees
|
|
John Gates
|
None
|
Thomas Gayner
|
over $100,000
|
Samuel Iapalucci
|
None
|
Lara Vaughan
|
$1-$10,000
|
Francisco Borges
|
None
|
Katherine MacWilliams
|
None
|
Richard O'Brien
|
None
|
Interested Nominees
|
|
Andrew Davis
|
over $100,000
|
Christopher Davis
|
over $100,000
|
Dollar Range of Shares in Davis Opportunity Fund
|
|
Independent Nominees
|
|
John Gates
|
None
|
Thomas Gayner
|
over $100,000
|
Samuel Iapalucci
|
None
|
Lara Vaughan
|
$10,001-$50,000
|
Francisco Borges
|
None
|
Katherine MacWilliams
|
None
|
Richard O'Brien
|
None
|
Interested Nominees
|
|
Andrew Davis
|
None
|
Christopher Davis
|
over $100,000
|
Dollar Range of Shares in Davis Balanced Fund
|
|
Independent Nominees
|
|
John Gates
|
None
|
Thomas Gayner
|
$10,001-$50,000
|
Samuel Iapalucci
|
over $100,000
|
Lara Vaughan
|
$10,001-$50,000
|
Francisco Borges
|
None
|
Katherine MacWilliams
|
None
|
Richard O'Brien
|
None
|
Interested Nominees
|
|
Andrew Davis
|
None
|
Christopher Davis
|
over $100,000
|
Dollar Range of Shares in Davis Government Money Market Fund
|
|
Independent Nominees
|
|
John Gates
|
None
|
Thomas Gayner
|
None
|
Samuel Iapalucci
|
None
|
Lara Vaughan
|
None
|
Francisco Borges
|
None
|
Katherine MacWilliams
|
over $100,000
|
Richard O'Brien
|
None
|
Interested Nominees
|
|
Andrew Davis
|
$1-$10,000
|
Christopher Davis
|
over $100,000
|
Dollar Range of Shares in Davis Government Bond Fund
|
|
Independent Nominees
|
|
John Gates
|
None
|
Thomas Gayner
|
None
|
Samuel Iapalucci
|
None
|
Lara Vaughan
|
None
|
Francisco Borges
|
None
|
Katherine MacWilliams
|
None
|
Richard O'Brien
|
None
|
Interested Nominees
|
|
Andrew Davis
|
None
|
Christopher Davis
|
None
|
Dollar Range of Shares in Davis New York Venture Fund
|
|
Independent Nominees
|
|
John Gates
|
over $100,000
|
Thomas Gayner
|
over $100,000
|
Samuel Iapalucci
|
over $100,000
|
Lara Vaughan
|
over $100,000
|
Francisco Borges
|
None
|
Katherine MacWilliams
|
None
|
Richard O'Brien
|
None
|
Interested Nominees
|
|
Andrew Davis
|
over $100,000
|
Christopher Davis
|
over $100,000
|
Dollar Range of Shares in Davis Research Fund
|
|
Independent Nominees
|
|
John Gates
|
None
|
Thomas Gayner
|
over $100,000
|
Samuel Iapalucci
|
None
|
Lara Vaughan
|
$1-$10,000
|
Francisco Borges
|
None
|
Katherine MacWilliams
|
None
|
Richard O'Brien
|
None
|
Interested Nominees
|
|
Andrew Davis
|
None
|
Christopher Davis
|
None
|
Dollar Range of Shares in Davis Global Fund
|
|
Independent Nominees
|
|
John Gates
|
None
|
Thomas Gayner
|
over $100,000
|
Samuel Iapalucci
|
None
|
Lara Vaughan
|
$1-$10,000
|
Francisco Borges
|
None
|
Katherine MacWilliams
|
None
|
Richard O'Brien
|
None
|
Interested Nominees
|
|
Andrew Davis
|
over $100,000
|
Christopher Davis
|
over $100,000
|
Dollar Range of Shares in Davis International Fund
|
|
Independent Nominees
|
|
John Gates
|
None
|
Thomas Gayner
|
over $100,000
|
Samuel Iapalucci
|
None
|
Lara Vaughan
|
None
|
Francisco Borges
|
None
|
Katherine MacWilliams
|
None
|
Richard O'Brien
|
None
|
Interested Nominees
|
|
Andrew Davis
|
None
|
Christopher Davis
|
over $100,000
|
Dollar Range of Shares in Davis Equity Portfolio
|
|
Independent Nominees
|
|
John Gates
|
None
|
Thomas Gayner
|
None
|
Samuel Iapalucci
|
None
|
Lara Vaughan
|
None
|
Francisco Borges
|
None
|
Katherine MacWilliams
|
None
|
Richard O'Brien
|
None
|
Interested Nominees
|
|
Andrew Davis
|
None
|
Christopher Davis
|
None
|
Dollar Range of Shares in Davis Financial Portfolio
|
|
Independent Nominees
|
|
John Gates
|
None
|
Thomas Gayner
|
None
|
Samuel Iapalucci
|
None
|
Lara Vaughan
|
None
|
Francisco Borges
|
None
|
Katherine MacWilliams
|
None
|
Richard O'Brien
|
None
|
Interested Nominees
|
|
Andrew Davis
|
None
|
Christopher Davis
|
None
|
Dollar Range of Shares in Davis Real Estate Portfolio
|
|
Independent Nominees
|
|
John Gates
|
None
|
Thomas Gayner
|
None
|
Samuel Iapalucci
|
None
|
Lara Vaughan
|
None
|
Francisco Borges
|
None
|
Katherine MacWilliams
|
None
|
Richard O'Brien
|
None
|
Interested Nominees
|
|
Andrew Davis
|
None
|
Christopher Davis
|
None
|
Aggregate Compensation from Davis Financial Fund**
|
Pension or Retirement Benefits Accrued as Part of Davis Financial Fund's Expenses
|
Estimated Annual Benefits Upon Retirement
|
Total Compensation from Davis Financial Fund Paid to Directors
|
|
Independent Directors
|
||||
John Gates
|
$18,611
|
N/A
|
N/A
|
$18,611
|
Thomas Gayner**
|
$18,611
|
N/A
|
N/A
|
$18,611
|
Samuel Iapalucci
|
$18,611
|
N/A
|
N/A
|
$18,611
|
Lara Vaughan**
|
$18,611
|
N/A
|
N/A
|
$18,611
|
Robert Morgenthau*
|
$18,611
|
N/A
|
N/A
|
$18,611
|
Marsha Williams*
|
$19,150
|
N/A
|
N/A
|
$19,150
|
|
* |
Resigned/retired as of 12/31/24.
|
|
** |
Compensation figures include cash and amounts elected to be deferred. Individual aggregate compensation from the Fund includes voluntary deferred compensation as follows: Thomas Gayner, $18,611; Lara Vaughan, $9,306.
|
Aggregate Compensation from Davis Real Estate Fund**
|
Pension or Retirement Benefits Accrued as Part of Davis Real Estate Fund's Expenses
|
Estimated Annual Benefits Upon Retirement
|
Total Compensation from Davis Real Estate Fund Paid to Directors
|
|
Independent Directors
|
||||
John Gates
|
$3,784
|
N/A
|
N/A
|
$3,784
|
Thomas Gayner**
|
$3,784
|
N/A
|
N/A
|
$3,784
|
Samuel Iapalucci
|
$3,784
|
N/A
|
N/A
|
$3,784
|
Lara Vaughan**
|
$3,784
|
N/A
|
N/A
|
$3,784
|
Robert Morgenthau*
|
$3,784
|
N/A
|
N/A
|
$3,784
|
Marsha Williams*
|
$3,893
|
N/A
|
N/A
|
$3,893
|
|
* |
Resigned/retired as of 12/31/24.
|
|
** |
Compensation figures include cash and amounts elected to be deferred. Individual aggregate compensation from the Fund includes voluntary deferred compensation as follows: Thomas Gayner, $3,784; Lara Vaughan, $1,892.
|
Aggregate Compensation from Davis Opportunity Fund**
|
Pension or Retirement Benefits Accrued as Part of Davis Opportunity Fund's Expenses
|
Estimated Annual Benefits Upon Retirement
|
Total Compensation from Davis Opportunity Fund Paid to Directors
|
|
Independent Directors
|
||||
John Gates
|
$11,503
|
N/A
|
N/A
|
$11,503
|
Thomas Gayner**
|
$11,503
|
N/A
|
N/A
|
$11,503
|
Samuel Iapalucci
|
$11,503
|
N/A
|
N/A
|
$11,503
|
Lara Vaughan**
|
$11,503
|
N/A
|
N/A
|
$11,503
|
Robert Morgenthau*
|
$11,503
|
N/A
|
N/A
|
$11,503
|
Marsha Williams*
|
$11,836
|
N/A
|
N/A
|
$11,836
|
|
* |
Resigned/retired as of 12/31/24.
|
|
** |
Compensation figures include cash and amounts elected to be deferred. Individual aggregate compensation from the Fund includes voluntary deferred compensation as follows: Thomas Gayner, $11,503; Lara Vaughan, $5,752.
|
Aggregate Compensation from Davis Balanced Fund**
|
Pension or Retirement Benefits Accrued as Part of Davis Balanced Fund's Expenses
|
Estimated Annual Benefits Upon Retirement
|
Total Compensation from Davis Balanced Fund Paid to Directors
|
|
Independent Directors
|
||||
John Gates
|
$4,651
|
N/A
|
N/A
|
$4,651
|
Thomas Gayner**
|
$4,651
|
N/A
|
N/A
|
$4,651
|
Samuel Iapalucci
|
$4,651
|
N/A
|
N/A
|
$4,651
|
Lara Vaughan**
|
$4,651
|
N/A
|
N/A
|
$4,651
|
Robert Morgenthau*
|
$4,651
|
N/A
|
N/A
|
$4,651
|
Marsha Williams*
|
$4,786
|
N/A
|
N/A
|
$4,786
|
|
* |
Resigned/retired as of 12/31/24.
|
|
** |
Compensation figures include cash and amounts elected to be deferred. Individual aggregate compensation from the Fund includes voluntary deferred compensation as follows: Thomas Gayner, $4,651; Lara Vaughan, $2,325.
|
Aggregate Compensation from Davis Government Money Market Fund
|
Pension or Retirement Benefits Accrued as Part of Davis Government Money Market Fund's Expenses
|
Estimated Annual Benefits Upon Retirement
|
Total Compensation from Davis Government Money Market Fund Paid to Directors
|
|
Independent Directors
|
||||
John Gates
|
$2,467
|
N/A
|
N/A
|
$2,467
|
Thomas Gayner
|
$2,467
|
N/A
|
N/A
|
$2,467
|
Samuel Iapalucci
|
$2,467
|
N/A
|
N/A
|
$2,467
|
Lara Vaughan
|
$2,467
|
N/A
|
N/A
|
$2,467
|
Robert Morgenthau*
|
$2,467
|
N/A
|
N/A
|
$2,467
|
Marsha Williams*
|
$2,538
|
N/A
|
N/A
|
$2,538
|
|
* |
Resigned/retired as of 12/31/24.
|
Aggregate Compensation from Davis Government Bond Fund
|
Pension or Retirement Benefits Accrued as Part of Davis Government Bond Fund's Expenses
|
Estimated Annual Benefits Upon Retirement
|
Total Compensation from Davis Government Bond Fund Paid to Directors
|
|
Independent Directors
|
||||
John Gates
|
$444
|
N/A
|
N/A
|
$444
|
Thomas Gayner
|
$444
|
N/A
|
N/A
|
$444
|
Samuel Iapalucci
|
$444
|
N/A
|
N/A
|
$444
|
Lara Vaughan
|
$444
|
N/A
|
N/A
|
$444
|
Robert Morgenthau*
|
$444
|
N/A
|
N/A
|
$444
|
Marsha Williams*
|
$457
|
N/A
|
N/A
|
$457
|
|
* |
Resigned/retired as of 12/31/24.
|
Aggregate Compensation from Davis New York Venture Fund**
|
Pension or Retirement Benefits Accrued as Part of Davis New York Venture Fund's Expenses
|
Estimated Annual Benefits Upon Retirement
|
Total Compensation from Davis New York Venture Fund Paid to Directors
|
|
Independent Directors
|
||||
John Gates
|
$58,876
|
N/A
|
N/A
|
$58,876
|
Thomas Gayner**
|
$58,876
|
N/A
|
N/A
|
$58,876
|
Samuel Iapalucci
|
$58,876
|
N/A
|
N/A
|
$58,876
|
Lara Vaughan**
|
$58,876
|
N/A
|
N/A
|
$58,876
|
Robert Morgenthau*
|
$58,876
|
N/A
|
N/A
|
$58,876
|
Marsha Williams*
|
$60,573
|
N/A
|
N/A
|
$60,573
|
|
* |
Resigned/retired as of 12/31/24.
|
|
** |
Compensation figures include cash and amounts elected to be deferred. Individual aggregate compensation from the Fund includes voluntary deferred compensation as follows: Thomas Gayner, $58,876; Lara Vaughan, $29,438.
|
Aggregate Compensation from Davis Research Fund**
|
Pension or Retirement Benefits Accrued as Part of Davis Research Fund's Expenses
|
Estimated Annual Benefits Upon Retirement
|
Total Compensation from Davis Research Fund Paid to Directors
|
|
Independent Directors
|
||||
John Gates
|
$570
|
N/A
|
N/A
|
$570
|
Thomas Gayner**
|
$570
|
N/A
|
N/A
|
$570
|
Samuel Iapalucci
|
$570
|
N/A
|
N/A
|
$570
|
Lara Vaughan**
|
$570
|
N/A
|
N/A
|
$570
|
Robert Morgenthau*
|
$570
|
N/A
|
N/A
|
$570
|
Marsha Williams*
|
$587
|
N/A
|
N/A
|
$587
|
|
* |
Resigned/retired as of 12/31/24.
|
|
** |
Compensation figures include cash and amounts elected to be deferred. Individual aggregate compensation from the Fund includes voluntary deferred compensation as follows: Thomas Gayner, $570; Lara Vaughan, $285.
|
Aggregate Compensation from Davis Global Fund**
|
Pension or Retirement Benefits Accrued as Part of Davis Global Fund's Expenses
|
Estimated Annual Benefits Upon Retirement
|
Total Compensation from Davis Global Fund Paid to Directors
|
|
Independent Directors
|
||||
John Gates
|
$7,426
|
N/A
|
N/A
|
$7,426
|
Thomas Gayner**
|
$7,426
|
N/A
|
N/A
|
$7,426
|
Samuel Iapalucci
|
$7,426
|
N/A
|
N/A
|
$7,426
|
Lara Vaughan**
|
$7,426
|
N/A
|
N/A
|
$7,426
|
Robert Morgenthau*
|
$7,426
|
N/A
|
N/A
|
$7,426
|
Marsha Williams*
|
$7,641
|
N/A
|
N/A
|
$7,641
|
|
* |
Resigned/retired as of 12/31/24.
|
|
** |
Compensation figures include cash and amounts elected to be deferred. Individual aggregate compensation from the Fund includes voluntary deferred compensation as follows: Thomas Gayner, $7,426; Lara Vaughan, $3,713.
|
Aggregate Compensation from Davis International Fund**
|
Pension or Retirement Benefits Accrued as Part of Davis International Fund's Expenses
|
Estimated Annual Benefits Upon Retirement
|
Total Compensation from Davis International Fund Paid to Directors
|
|
Independent Directors
|
||||
John Gates
|
$1,609
|
N/A
|
N/A
|
$1,609
|
Thomas Gayner**
|
$1,609
|
N/A
|
N/A
|
$1,609
|
Samuel Iapalucci
|
$1,609
|
N/A
|
N/A
|
$1,609
|
Lara Vaughan**
|
$1,609
|
N/A
|
N/A
|
$1,609
|
Robert Morgenthau*
|
$1,609
|
N/A
|
N/A
|
$1,609
|
Marsha Williams*
|
$1,655
|
N/A
|
N/A
|
$1,655
|
|
* |
Resigned/retired as of 12/31/24.
|
|
** |
Compensation figures include cash and amounts elected to be deferred. Individual aggregate compensation from the Fund includes voluntary deferred compensation as follows: Thomas Gayner, $1,609; Lara Vaughan, $804.
|
Aggregate Compensation from Davis Equity Portfolio**
|
Pension or Retirement Benefits Accrued as Part of Davis Equity Portfolio's Expenses
|
Estimated Annual Benefits Upon Retirement
|
Total Compensation from Davis Equity Portfolio Paid to Directors
|
|
Independent Directors
|
||||
John Gates
|
$9,352
|
N/A
|
N/A
|
$9,352
|
Thomas Gayner**
|
$9,352
|
N/A
|
N/A
|
$9,352
|
Samuel Iapalucci
|
$9,352
|
N/A
|
N/A
|
$9,352
|
Lara Vaughan**
|
$9,352
|
N/A
|
N/A
|
$9,352
|
Robert Morgenthau*
|
$9,352
|
N/A
|
N/A
|
$9,352
|
Marsha Williams*
|
$9,615
|
N/A
|
N/A
|
$9,615
|
|
* |
Resigned/retired as of 12/31/24.
|
|
** |
Compensation figures include cash and amounts elected to be deferred. Individual aggregate compensation from the Fund includes voluntary deferred compensation as follows: Thomas Gayner, $9,352; Lara Vaughan, $4,676.
|
Aggregate Compensation from Davis Financial Portfolio**
|
Pension or Retirement Benefits Accrued as Part of Davis Financial Portfolio's Expenses
|
Estimated Annual Benefits Upon Retirement
|
Total Compensation from Davis Financial Portfolio Paid to Directors
|
|
Independent Directors
|
||||
John Gates
|
$5,320
|
N/A
|
N/A
|
$5,320
|
Thomas Gayner**
|
$5,320
|
N/A
|
N/A
|
$5,320
|
Samuel Iapalucci
|
$5,320
|
N/A
|
N/A
|
$5,320
|
Lara Vaughan**
|
$5,320
|
N/A
|
N/A
|
$5,320
|
Robert Morgenthau*
|
$5,320
|
N/A
|
N/A
|
$5,320
|
Marsha Williams*
|
$5,469
|
N/A
|
N/A
|
$5,469
|
|
* |
Resigned/retired as of 12/31/24.
|
|
** |
Compensation figures include cash and amounts elected to be deferred. Individual aggregate compensation from the Fund includes voluntary deferred compensation as follows: Thomas Gayner, $5,320; Lara Vaughan, $2,660.
|
Aggregate Compensation from Davis Real Estate Portfolio**
|
Pension or Retirement Benefits Accrued as Part of Davis Real Estate Portfolio's Expenses
|
Estimated Annual Benefits Upon Retirement
|
Total Compensation from Davis Real Estate Portfolio Paid to Directors
|
|
Independent Directors
|
||||
John Gates
|
$988
|
N/A
|
N/A
|
$988
|
Thomas Gayner**
|
$988
|
N/A
|
N/A
|
$988
|
Samuel Iapalucci
|
$988
|
N/A
|
N/A
|
$988
|
Lara Vaughan**
|
$988
|
N/A
|
N/A
|
$988
|
Robert Morgenthau*
|
$988
|
N/A
|
N/A
|
$988
|
Marsha Williams*
|
$1,016
|
N/A
|
N/A
|
$1,016
|
|
* |
Resigned/retired as of 12/31/24.
|
|
** |
Compensation figures include cash and amounts elected to be deferred. Individual aggregate compensation from the Fund includes voluntary deferred compensation as follows: Thomas Gayner, $988; Lara Vaughan, $494.
|
Fund
|
Fiscal Year End
|
Audit Fees
|
Audit-Related Fees
|
Tax Fees
|
All Other Fees
|
DAVIS NEW YORK VENTURE FUND, INC.
|
|||||
Davis New York Venture Fund
Davis Research Fund Davis Global Fund Davis International Fund |
7/31/2024
7/31/2024
10/31/2023
10/31/2023
|
$117,990
$23,142
$32,604
$27,474
|
$0
$0
$0
$0
|
$11,599
$10,249
$9,811
$9,811
|
$0
$0
$1,175
$1,175
|
DAVIS SERIES, INC.
|
|||||
Davis Financial Fund
Davis Real Estate Fund Davis Balanced Fund Davis Opportunity Fund Davis Government Money Market Fund Davis Government Bond Fund |
12/31/2023
12/31/2023
12/31/2023
12/31/2023
12/31/2023
12/31/2023
|
$39,102
$37,962
$28,614
$28,614
$27,474
$20,862
|
$0
$0
$0
$0
$0
$0
|
$11,161
$9,811
$9,631
$11,161
$5,511
$9,631
|
$0
$0
$0
$0
$0
$0
|
DAVIS VARIABLE ACCOUNT FUND, INC.
|
|||||
Davis Equity Portfolio
Davis Financial Portfolio Davis Real Estate Portfolio |
12/31/2023
12/31/2023
12/31/2023
|
$24,852
$22,116
$20,861
|
$0
$0
$0
|
$9,631
$9,811
$9,811
|
$0
$0
$0
|
Fund
|
Fiscal Year End
|
Audit Fees
|
Audit-Related Fees
|
Tax Fees
|
All Other Fees
|
DAVIS NEW YORK VENTURE FUND, INC.
|
|||||
Davis New York Venture Fund
Davis Research Fund Davis Global Fund Davis International Fund |
7/31/2023
7/31/2023
10/31/2022
10/31/2022
|
$112,860
$22,116
$30,240
$25,424
|
$0
$0
$0
$0
|
$11,161
$9,811
$9,501
$9,501
|
$0
$0
$1,175
$1,175
|
DAVIS SERIES, INC.
|
|||||
Davis Financial Fund
Davis Real Estate Fund Davis Balanced Fund Davis Opportunity Fund Davis Government Money Market Fund Davis Government Bond Fund |
12/31/2022
12/31/2022
12/31/2022
12/31/2022
12/31/2022
12/31/2022
|
$36,774
$35,639
$26,900
$26,900
$25,765
$19,636
|
$0
$0
$0
$0
$0
$0
|
$10,801
$10,801
$9,205
$9,501
$5,222
$9,204
|
$0
$0
$0
$0
$0
$0
|
DAVIS VARIABLE ACCOUNT FUND, INC.
|
|||||
Davis Equity Portfolio
Davis Financial Portfolio Davis Real Estate Portfolio |
12/31/2022
12/31/2022
12/31/2022
|
$23,381
$20,771
$19,636
|
$0
$0
$0
|
$10,504
$9,501
$9,501
|
$0
$0
$0
|
Fund
|
Fiscal Year End
|
Audit-Related Fees
|
Tax Fees
|
All Other Fees
|
DAVIS NEW YORK VENTURE FUND, INC.
|
||||
Davis New York Venture Fund
Davis Research Fund Davis Global Fund Davis International Fund |
7/31/2024
7/31/2024
10/31/ 2023
10/31/ 2023
|
$0
$0
$0
$0
|
$0
$0
$0
$0
|
$0
$0
$0
$0
|
DAVIS SERIES, INC.
|
||||
Davis Financial Fund
Davis Real Estate Fund Davis Balanced Fund Davis Opportunity Fund Davis Government Money Market Fund Davis Government Bond Fund |
12/31/2023
12/31/2023
12/31/2023
12/31/2023
12/31/2023
12/31/2023
|
$0
$0
$0
$0
$0
$0
|
$0
$0
$0
$0
$0
$0
|
$0
$0
$0
$0
$0
$0
|
DAVIS VARIABLE ACCOUNT FUND, INC.
|
||||
Davis Equity Portfolio
Davis Financial Portfolio Davis Real Estate Portfolio |
12/31/2023
12/31/2023
12/31/2023
|
$0
$0
$0
|
$0
$0
$0
|
$0
$0
$0
|
Fund
|
Fiscal Year End
|
Audit-Related Fees
|
Tax Fees
|
All Other Fees
|
DAVIS NEW YORK VENTURE FUND, INC.
|
||||
Davis New York Venture Fund
Davis Research Fund Davis Global Fund Davis International Fund |
7/31/2023
7/31/2023
10/31/2022
10/31/2022
|
$0
$0
$0
$0
|
$0
$0
$0
$0
|
$0
$0
$0
$0
|
DAVIS SERIES, INC.
|
||||
Davis Financial Fund
Davis Real Estate Fund Davis Balanced Fund Davis Opportunity Fund Davis Government Money Market Fund Davis Government Bond Fund |
12/31/2022
12/31/2022
12/31/2022
12/31/2022
12/31/2022
12/31/2022
|
$0
$0
$0
$0
$0
$0
|
$0
$0
$0
$0
$0
$0
|
$0
$0
$0
$0
$0
$0
|
DAVIS VARIABLE ACCOUNT FUND, INC.
|
||||
Davis Equity Portfolio
Davis Financial Portfolio Davis Real Estate Portfolio |
12/31/2022
12/31/2022
12/31/2022
|
$0
$0
$0
|
$0
$0
$0
|
$0
$0
$0
|
Fund
|
Fiscal Year End
|
Aggregate Non-Audit Fees
|
DAVIS NEW YORK VENTURE FUND, INC.
|
||
Davis New York Venture Fund
Davis Research Fund Davis Global Fund Davis International Fund |
7/31/2024
7/31/2024
10/31/ 2023
10/31/ 2023
|
$0
$0
$0
$0
|
DAVIS SERIES, INC.
|
||
Davis Financial Fund
Davis Real Estate Fund Davis Balanced Fund Davis Opportunity Fund Davis Government Money Market Fund Davis Government Bond Fund |
12/31/2023
12/31/2023
12/31/2023
12/31/2023
12/31/2023
12/31/2023
|
$0
$0
$0
$0
$0
$0
|
DAVIS VARIABLE ACCOUNT FUND, INC.
|
||
Davis Equity Portfolio
Davis Financial Portfolio Davis Real Estate Portfolio |
12/31/2023
12/31/2023
12/31/2023
|
$0
$0
$0
|
Fund
|
Fiscal Year End
|
Aggregate Non-Audit Fees
|
DAVIS NEW YORK VENTURE FUND, INC.
|
||
Davis New York Venture Fund
Davis Research Fund Davis Global Fund Davis International Fund |
7/31/2023
7/31/2023
10/31/2022
10/31/2022
|
$0
$0
$0
$0
|
DAVIS SERIES, INC.
|
||
Davis Financial Fund
Davis Real Estate Fund Davis Balanced Fund Davis Opportunity Fund Davis Government Money Market Fund Davis Government Bond Fund |
12/31/2022
12/31/2022
12/31/2022
12/31/2022
12/31/2022
12/31/2022
|
$0
$0
$0
$0
$0
$0
|
DAVIS VARIABLE ACCOUNT FUND, INC.
|
||
Davis Equity Portfolio
Davis Financial Portfolio Davis Real Estate Portfolio |
12/31/2022
12/31/2022
12/31/2022
|
$0
$0
$0
|