Financial Services Fund
The sections “Management — Portfolio Managers” and “Fund details — Subadvisory Arrangements and
Management Biographies— Davis Selected Advisers, L.P.” are amended as follows:
Effective
March 2, 2012, Charles Cavanaugh is no longer a portfolio manager of the Fund.
Kenneth Feinberg will continue to serve as portfolio manager of the Fund.
You should read this Supplement in conjunction with the Prospectus and retain it for future
reference.
Financial Services Fund
The section “APPENDIX B — PORTFOLIO MANAGER INFORMATION — Davis Selected Advisers, L.P.” is amended
as follows:
Effective
March 2, 2012, Charles Cavanaugh is no longer a portfolio manager of the Fund.
Kenneth Feinberg will continue to serve as portfolio manager of the Fund.
