Selected International Fund Class S (SLSSX) is an open-end mutual fund that seeks capital growth by investing principally in common stocks, including indirect holdings through depositary receipts, issued by foreign companies in developed and emerging markets; it targets large, medium, and small capitalization companies without market cap restrictions. The fund offers Class S shares with a ticker symbol SLSSX, an expense ratio of 1.05%, and a minimum investment of $1,000; it features a portfolio turnover rate of approximately 30% and paid an annual dividend with an ex-date of December 13, 2024. Managed by Davis Selected Advisers, L.P. as adviser and Davis Selected Advisers–NY, Inc. as sub-adviser, it holds around 27-28 positions with net assets of approximately $52-63 million.
In a major strategic change announced in 2025, Selected International Fund is merging into Davis International Fund, with new positions in SLSSX ceasing after the close of business on November 7, 2025, while existing shareholders retain redemption and exchange rights. This reorganization aligns with oversight by Davis Selected Advisers, whose Q2 2025 portfolio updates reflect active management including new stakes in energy, healthcare, and financial sectors, alongside trims in technology holdings. The fund previously benefited from strong exposure to Chinese equities like JD.com, Alibaba, and Meituan in Q3 2024, contributing to outperformance versus foreign large-blend peers.
Originally launched on January 2, 1980, as part of Selected Funds (SEC CIK 0000084237), SLSSX operates within the foreign large blend category and is indexed against the MSCI AC World ex USA NR USD. Its mailing address is P.O. Box 219662, Kansas City, MO 64121-9662, with adviser locations including Tucson, Arizona. The fund serves retail and institutional investors seeking international equity exposure, with recent one-year returns around 18-28% as of mid-2025.