Selected American Shares Inc. Class S

Frequently Asked Questions About SLASX

What does SLASX invest in?

The fund aims to achieve both appreciation of capital over the long term and the generation of income. Nevertheless, it is expected that income yields will be modest given the prevailing market environment. At least 80% of the fund's net assets, alongside any capital leveraged for investment purposes, are committed to securities issued by companies operating within the United States. Its core investment approach focuses predominantly on common equities, encompassing indirect ownership through depositary receipts, from large corporations with a market valuation of $10 billion or more.

What is the expense ratio of SLASX?

Selected American Shares Inc. Class S (SLASX) charges an expense ratio of 0.97%. This is the annual fee deducted from fund assets to cover management and operations.

How big is SLASX?

Selected American Shares Inc. Class S (SLASX) manages $2.10B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is SLASX actively managed or an index fund?

SLASX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was SLASX launched?

Selected American Shares Inc. Class S (SLASX) launched in January 1980 and is managed by the fund issuer.

How has SLASX performed?

SLASX's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.