Davis International Fund
Portfolio holdings sorted by percent of assets as of December 31, 2017

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Security DescriptionSymbol
Naspers Ltd. - Class N NPN SJ
Alibaba Group Holding Ltd. ADR BABA
Safran S.A. SAF FP
Ferguson PLC FERG LN
New Oriental Education & Technology Group, Inc. ADR EDU
Hollysys Automation Technologies Ltd. HOLI
Sul America SA SULA11 BZ
Encana Corporation ECA
InterGlobe Aviation Ltd. INDIGO IN
JD.com, Inc. ADR JD
Tarena International, Inc. ADR TEDU
Schneider Electric SE SU FP
Didi Chuxing Joint Co. -----
Noah Holdings Ltd. ADS NOAH
LafargeHolcim Ltd. LHN FP
Fang Holdings Ltd., ADR SFUN
Linde AG LIN GR
Grab Inc. -----
Security DescriptionSymbol
Akzo Nobel NV AKZA NA
Novartis AG ADR NVS
Roche Holding AG ROG SE
Vipshop Holdings Ltd. ADR VIPS
ZTO Express (Cayman), Inc. ADR ZTO
B3 SA - Brasil, Bolsa, Balcao BVMF3 BZ
TAL Education Group ADR TAL
Hunter Douglas NV HDG NA
Ctrip.com International, Ltd. ADR CTRP
Meggitt PLC MGGT LN
CAR, Inc. 699 HK
Baidu, Inc. Class A ADR BIDU
Brenntag AG BNR GR
Paramount Resources Ltd. POU CN
Groupe Bruxelles Lambert S.A. GBLB BB
Air Liquide SA AI FP
Pargesa Holding SA PARG SW
58.com Inc. ADR WUBA

* Portfolio holdings are subject to change. The holdings above may not represent the entire portfolio. For a complete listing of portfolio holdings review the most recent Annual Report, Semi-Annual report or Form NQ.