
Noted fund managers Chris Davis and Ken Feinberg are involved with the fund only on the margins.All-cap approach may not appeal to style purists.Large emerging markets and China stake can make for a bumpy ride sometimes.Fairly concentrated with fewer than 50 holdings and more than half its assets
class that will come without a 12b-1 fee, which is currently charged on both Selected American SLASX and Selected Special SLSSX . As Morningstar director of fund analysis Kunal Kapoor explains , the 24-year-old 12b-1 rule allows mutual funds to use
Noted fund managers Chris Davis and Ken Feinberg are involved with the fund only on the margins.All-cap approach may not appeal to style purists.The fund does overlap somewhat with its large-cap sibling, Selected American.Volatility has been higher than that of the broad market.The fund's advisor
is large enough to warrant delaying any new purchases until after the distribution. Selected American SLASX Selected Special SLSSX The former is a large-cap offering, while the latter is focused largely on small and mid-size stocks. Both are topnotch
to see which of the old Clipper team's holdings they would sell. Davis and Feinberg's past takeover of Selected Special SLSSX shows that they don't automatically toss out all the old holdings. Rather, they seem to treat legacy positions a little
to make any capital-gains distribution this year, so it's safe to buy now.) Selected American SLASX Selected Special SLSSX The former is a large-cap offering, while the latter is focused largely on small and midsize stocks. Both are topnotch value
similar contrarian growth strategy. However, our Similar Funds tool did come up with another fund that I like: Selected Special SLSSX . It uses a different strategy, but it does make valuation-conscious investments in technology, so it shares some traits
and financials over time. If my portfolio starts to lean too far to the value side, though, I might add Selected Special SLSSX . Cousin to the very successful Selected American SLASX, Selected Special invests in all the big sectors including health
will want to put their own stamp on the fund by getting rid of the prior skipper's holdings. For instance, Selected Special SLSSX paid out a hefty capital-gains distribution this year after Chris Davis and Ken Feinberg took the reins of the fund from Elizabeth
reports on Davis NY Venture NYVTX and Selected American SLASX last week. He still thinks these are great funds. Selected Special SLSSX , by Russel Kinnel "If you know Selected American, you know why this fund is worth a good hard look." Fidelity Select Software