# Selected American Shares Inc. Class S (SLASX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/slasx for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: — · Asset class: Equity - Strategy: Actively Managed · Inception: 1980-01-02 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. ## Key Facts | Metric | Value | |---|---| | Price | $44.45 | | Expense Ratio | 0.97% | | Assets Under Management | $2.00B | | NAV | $44.45 | | Holdings Count | — | | Distribution Yield (TTM) | 8.61% | | Annual Distribution (TTM) | $3.83 /share | | Distribution Frequency | Semi-Annual | | 52-Week Range | $39.09 – $47.28 | | Beta | 0.94 | ## Latest Distribution - Amount: $2.6310 /share - Ex-date: 2026-06-24 - Pay date: 2026-06-25 ## Frequently Asked Questions ### 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 $2.00B 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 is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (SLASX's is 0.97%) in exchange for the discretion to over- or under-weight positions. ### 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. ### Does SLASX pay a dividend? Selected American Shares Inc. Class S (SLASX) currently distributes little or no income. Trailing-twelve-month yield is 8.61%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does SLASX pay dividends? Selected American Shares Inc. Class S pays dividends Semi-Annual. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is SLASX's dividend yield? SLASX's trailing-twelve-month yield is 8.61%, calculated from the sum of dividends over the past year divided by the current price. ### When is SLASX's next ex-dividend date? The most recently announced ex-dividend date for SLASX was 2026-06-24. The next ex-date typically follows Semi-Annual; once announced it appears at the top of the dividend history table on this page. ### How much will SLASX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.97% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does SLASX charge its expense ratio? The expense ratio is deducted in tiny daily slices from SLASX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does SLASX cost more than a fund like VOO? SLASX is actively managed (current expense ratio 0.97%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether SLASX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to SLASX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as SLASX (0.97%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/slasx - Distribution history: https://www.dividenddata.com/funds/slasx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/slasx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/slasx/expenses - Peer comparison: https://www.dividenddata.com/funds/slasx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.