DAVIS NEW YORK VENTURE FUND, INC.	Table of Contents
DAVIS GLOBAL FUND
DAVIS INTERNATIONAL FUND

Shareholder Letter	2

Management's Discussion of Fund Performance:
Davis Global Fund	3
Davis International Fund	5

Fund Overview:
Davis Global Fund	7
Davis International Fund	10

Expense Example	12

Schedule of Investments:
Davis Global Fund	14
Davis International Fund	18

Statements of Assets and Liabilities	21

Statements of Operations	23

Statements of Changes in Net Assets	24

Notes to Financial Statements	26

Financial Highlights	35

Report of Independent Registered Public Accounting Firm	39

Federal Income Tax Information	40

Privacy Notice and Householding	41

Directors and Officers	42

This Annual Report is authorized for use by existing shareholders. Prospective shareholders must receive a current Davis Global Fund and Davis International Fund prospectus, which contains more information about investment strategies, risks, charges, and expenses. Please read the prospectus carefully before investing or sending money.

Shares of Davis Global Fund and Davis International Fund are not deposits or obligations of any bank, are not guaranteed by any bank, are not insured by the FDIC or any other agency, and involve investment risks, including possible loss of the principal amount invested.

Portfolio Proxy Voting Policies and Procedures

The Funds have adopted Portfolio Proxy Voting Policies and Procedures under which the Funds vote proxies relating to securities held by the Funds. A description of the Funds' Portfolio Proxy Voting Policies and Procedures is available (i) without charge, upon request, by calling the Funds toll-free at 1-800-279-0279, (ii) on the Funds' website at www.davisfunds.com, and (iii) on the SEC's website at www.sec.gov.

In addition, the Funds are required to file Form N-PX, with their complete proxy voting record for the 12 months ended June 30^th, no later than August 31^st of each year. The Funds' Form N-PX filing is available (i) without charge, upon request, by calling the Funds toll-free at 1-800-279-0279, (ii) on the Funds' website at www.davisfunds.com, and (iii) on the SEC's website at www.sec.gov.

Form N-Q

The Funds file their complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. The Funds' Form N-Q is available without charge, upon request, by calling 1-800-279-0279, on the Funds' website at www.davisfunds.com, and on the SEC's website at www.sec.gov. The Funds' Form N-Q may be reviewed and copied at the SEC's Public Reference Room in Washington, D.C., and information on the operation of the Public Reference Room may be obtained by calling 1-800-SEC-0330.

DAVIS GLOBAL FUND	Shareholder Letter
DAVIS INTERNATIONAL FUND

Dear Fellow Shareholder,

As stewards of our customers' savings, the management team and Directors of Davis Global Fund and Davis International Fund recognize the importance of candid, thorough, and regular communication with our shareholders. In our Annual and Semi-Annual Reports we include all of the required quantitative information such as audited financial statements, detailed footnotes, performance reports, fund holdings, and performance attribution. Also included is a list of positions opened and closed.

In addition, we produce a Manager Commentary for each Fund. In this commentary, we give a more qualitative perspective on fund performance, discuss our thoughts on individual holdings, and share our investment outlook. You may obtain a copy of the current Manager Commentary either on the Funds' website at www.davisfunds.com or by calling 1-800-279-0279.

We thank you for your continued trust. We will do our best to earn it in the years ahead.

Sincerely,

Christopher C. Davis

President

December 2, 2016

DAVIS GLOBAL FUND

Management's Discussion of Fund Performance

Performance Overview

Davis Global Fund outperformed the Morgan Stanley Capital International All Country World Index (the "Index") for the twelve-month period ended October 31, 2016 (the "period"). The Fund's Class A shares delivered a total return on net asset value of 6.46%, versus a 2.05% return for the Index. The sectors¹ within the Index that reported the strongest performance were Materials (up 13%), Information Technology (up 11%), and Utilities (up 7%). The sectors within the Index that reported the weakest performance were Health Care (down 7%), Real Estate (down 5%), and Consumer Discretionary (down 2%).

Contributors to Performance

The Fund's holdings in the Consumer Discretionary sector made the most significant contribution² to performance. The Fund's Consumer Discretionary holdings were up about 14%, compared to down 2% for the Index. The Fund benefited from strong stock selection, but suffered slightly due to a significant overweight position (27%, versus 13%) in a weak performing sector. Amazon³ (up 26%), the Fund's second-largest holding; Naspers (up 25%); Didi Chuxing (up 27%); Baoxin Auto Group (up 51%), and TAL Education Group (up 56%) were all key contributors. The Fund no longer owns Baoxin Auto Group.

When compared to the Index, returns from holdings in the Energy sector also helped performance. The Fund's Energy holdings were up about 2%, compared to up 6% for the Index. The Fund's third-largest holding, Encana (up 27%), was also the Fund's overall top contributor for the period, while Apache (up 58%) was another strong performer.

Other contributors to performance, on an absolute basis, came from the Fund's Information Technology holdings, which were up about 15%, compared to up 11% for the Index. Quotient Technology (up 91%) and the Fund's largest holding, Alphabet (up 10%, including both Class A and Class C), were both key contributors.

An additional contributor was Sul America (up 27%), a Brazilian insurance company, from the Financials sector.

The Fund's U.S. holdings outperformed its foreign holdings. The Fund's largest foreign exposure was in Chinese companies, while Brazilian companies reported the highest returns.

Detractors from Performance

The Fund's holdings in the Health Care sector were the most significant detractor from performance. The Fund's Health Care holdings were down about 65%, compared to down 7% for the Index. The Fund suffered from Valeant Pharmaceuticals (down 81%), its overall top detractor for the period.

Returns from holdings in the Consumer Staples sector also hindered performance. The Fund's Consumer Staples holdings were down about 15%, compared to up 5% for the Index. United Spirits (down 29%) was a weak performer.

Other detractors from performance, on an absolute basis, came from the Fund's Industrial holdings. CAR (down 42%), ZTO Express (down 13%), and Assa Abloy (down 9%) were all key detractors. The Fund no longer owns Assa Abloy.

Fang Holdings (down 53%), from the Information Technology sector, was the second-leading detractor from performance for the period. Additional detractors included Compagnie Financiere Richemont (down 23%) and Liberty Global (down 18%) from the Consumer Discretionary sector, Ultra Petroleum (down 96%) from the Energy sector, and Noah Holdings (down 16%) from the Financials sector. The Fund no longer owns Compagnie Financiere Richemont or Ultra Petroleum.

Davis Global Fund's investment objective is long-term growth of capital. There can be no assurance that the Fund will achieve its objective. Davis Global Fund's principal risks are: stock market risk, manager risk, common stock risk, foreign country risk, emerging market risk, foreign currency risk, depositary receipts risk, large-capitalization companies risk, mid- and small-capitalization companies risk, headline risk, and fees and expenses risk. See the prospectus for a full description of each risk.

From its inception date in December 2004 until January 2007, shares of Davis Global Fund were not available for public sale. Only the directors, officers, and employees of the Fund or its investment adviser and sub-adviser (and the investment adviser itself and affiliated companies) were eligible to purchase Fund shares.

Past performance does not guarantee future results, Fund prices fluctuate, and the value of an investment may be worth more or less than the purchase price. Data provided in this performance overview is for the twelve-month period ended October 31, 2016, unless otherwise noted. Return figures for underlying Fund positions reflect the return of the security from the beginning of the period or the date of first purchase if subsequent thereto through the end of the period or the date the position is completely liquidated. The actual contribution to the Fund will vary based on a number of factors (e.g. trading activity, weighting). Portfolio holding information is as of the end of the twelve-month period, October 31, 2016, unless otherwise noted.

¹	The companies included in the Morgan Stanley Capital International All Country World Index are divided into eleven sectors. One or more industry groups make up a sector.

²	A company's or sector's contribution to or detraction from the Fund's performance is a product both of its appreciation or depreciation and its weighting within the Fund. For example, a 5% holding that rises 20% has twice as much impact as a 1% holding that rises 50%.

This Management Discussion of Fund Performance discusses a number of individual companies. The information provided in this report does not provide information reasonably sufficient upon which to base an investment decision and should not be considered a recommendation to purchase, sell, or hold any particular security. The Schedule of Investments lists the Fund's holdings of each company discussed.

DAVIS GLOBAL FUND – (CONTINUED)

Management's Discussion of Fund Performance

Comparison of a $10,000 investment in Davis Global Fund Class A versus the

Morgan Stanley Capital International All Country World Index (MSCI ACWI^®)

over 10 years for an investment made on October 31, 2006

Average Annual Total Return for periods ended October 31, 2016

Fund & Benchmark Index	1-Year	5-Year	10-Year	Since Inception	Inception Date	Gross Expense Ratio	Net Expense Ratio
Class A - without sales charge	6.46%	11.31%	4.95%	7.08%	12/22/04	0.97%	0.97%
Class A - with sales charge	1.41%	10.23%	4.44%	6.64%	12/22/04	0.97%	0.97%
Class B^†^, **	1.15%	9.59%	4.13%	6.40%	12/22/04	2.43%	2.30%
Class C**	4.66%	10.32%	3.97%	6.06%	12/22/04	1.77%	1.77%
Class Y	6.78%	11.62%	N/A	2.84%	07/25/07	0.72%	0.72%
MSCI ACWI^®***	2.05%	8.03%	3.78%	5.43%

The Fund's performance benefited from IPO purchases in 2013 and 2014. After purchase, the IPOs rapidly increased in value. Davis Advisors purchases shares intending to benefit from long-term growth of the underlying company; the rapid appreciation of the IPOs were unusual occurrences.

The MSCI ACWI^® is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed and emerging markets. The Index includes reinvestment of dividends, net of foreign withholding taxes. Investments cannot be made directly in the Index.

The performance data for Davis Global Fund contained in this report represents past performance, assumes that all distributions were reinvested, and should not be considered as an indication of future performance from an investment in the Fund today. The investment return and principal value will fluctuate so that shares may be worth more or less than their original cost when redeemed. Fund performance changes over time and current performance may be higher or lower than stated. Returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The operating expense ratios may vary in future years. For more current information please call Davis Funds Investor Services at 1-800-279-0279.

*Reflects 4.75% front-end sales charge.

^†Because Class B shares automatically convert to Class A shares after 7 years, the "10-Year" and "Since Inception" returns for Class B reflect Class A performance for the period after conversion.

**Includes any applicable contingent deferred sales charge. As of May 1, 2013, Class B shares are no longer offered for new purchases.

***Inception return is from December 22, 2004.

DAVIS INTERNATIONAL FUND

Management's Discussion of Fund Performance

Performance Overview

Davis International Fund outperformed the Morgan Stanley Capital International All Country World Index ex USA (the "Index") for the twelve-month period ended October 31, 2016 (the "period"). The Fund's Class A shares delivered a total return on net asset value of 0.35%, versus a 0.22% return for the Index. The sectors¹within the Index that reported the strongest performance were Materials (up 16%), Information Technology (up 13%), and Energy (up 11%). The sectors within the Index that reported the weakest performance were Health Care (down 12%), Telecommunication Services (down 4%), and Consumer Discretionary (down 4%).

Contributors to Performance

The Fund's holdings in the Consumer Discretionary sector made the most significant contribution² to performance. The Fund's Consumer Discretionary holdings were up about 11%, compared to down 4% for the Index. The Fund benefited from strong stock selection, but suffered slightly due to a significant overweight position (29%, versus 12%) in a weak performing sector. Naspers³ (up 25%), the Fund's second-largest holding; Didi Chuxing (up 27%), the Fund's third-largest holding; TAL Education Group (up 56%); New Oriental Education & Technology Group (up 41%), and Xiabu Xiabu Catering (up 27%) were all key contributors.

When compared to the Index, returns from holdings in the Financials sector also helped performance. The Fund's Financial holdings were up about 20%, compared to down 2% for the Index. The Fund benefited from a significant underweight position (10%, versus 25%) in a weak performing sector. BM&FBOVESPA (up 110%) and Sul America (up 27%) were both strong performers.

Other contributors to performance came from the Fund's Energy holdings. The Fund's largest holding, Encana (up 27%), was also the Fund's overall top contributor for the period.

Additional contributors included Qihoo 360 Technology (up 23%) from the Information Technology sector and InterGlobe Aviation (up 26%) from the Industrials sector. The Fund no longer owns Qihoo 360 Technology.

At the country level, the Fund's Brazilian holdings made the largest contribution to the Fund's absolute performance. The Fund has approximately 7% of its net assets invested in Brazilian companies, with its largest position in Chinese companies, at 34% of net assets.

Detractors from Performance

The Fund's holdings in the Health Care sector were the most significant detractor from performance. The Fund's Health Care holdings were down about 51%, compared to down 12% for the Index. The Fund suffered from Valeant Pharmaceuticals (down 81%), its overall top detractor for the period. Essilor International (down 14%) was another key detractor.

Returns from holdings in the Industrials sector also hindered performance. The Fund's Industrial holdings were down about 7%, compared to up 3% for the Index. Although the Fund benefited from an overweight position (21%, versus 11%) in the sector, the Fund suffered due to CAR (down 42%), Regus (down 40%), and ZTO Express (down 13%).

Other detractors from performance, when compared to the Index, came from the Fund's Information Technology holdings, which were down 22%, compared to up 13% for the Index. Fang Holdings (down 53%) was a weak performer.

Additional detractors included Compagnie Financiere Richemont (down 23%) and Vipshop Holdings (down 33%) from the Consumer Discretionary sector, United Spirits (down 29%) from the Consumer Staples sector, and Noah Holdings (down 16%) from the Financials sector. The Fund no longer owns Compagnie Financiere Richemont.

At the country level, the Fund's United Kingdom holdings were the largest detractor from performance.

Davis International Fund's investment objective is long-term growth of capital. There can be no assurance that the Fund will achieve its objective. Davis International Fund's principal risks are: stock market risk, manager risk, common stock risk, foreign country risk, emerging market risk, foreign currency risk, depositary receipts risk, large-capitalization companies risk, mid- and small-capitalization companies risk, headline risk, and fees and expenses risk. See the prospectus for a full description of each risk.

From its inception date in December 2006 until January 2010, shares of Davis International Fund were not available for public sale. Only the directors, officers, and employees of the Fund, or its investment adviser and sub-adviser (and the investment adviser itself and affiliated companies), were eligible to purchase Fund shares.

¹	The companies included in the Morgan Stanley Capital International All Country World Index ex USA are divided into eleven sectors. One or more industry groups make up a sector.

²	A company's or sector's contribution to or detraction from the Fund's performance is a product both of its appreciation or depreciation and its weighting within the Fund. For example, a 5% holding that rises 20% has twice as much impact as a 1% holding that rises 50%.

DAVIS INTERNATIONAL FUND – (CONTINUED)

Management's Discussion of Fund Performance

Comparison of a $10,000 investment in Davis International Fund Class A versus the

Morgan Stanley Capital International All Country World Index ex USA (MSCI ACWI^® ex USA)

for an investment made on December 29, 2006

Average Annual Total Return for periods ended October 31, 2016

Fund & Benchmark Index	1-Year	5-Year	Since Inception	Inception Date	Gross Expense Ratio	Net Expense Ratio
Class A - without sales charge	0.35%	6.09%	1.19%	12/29/06	1.04%	1.04%
Class A - with sales charge	(4.42)%	5.06%	0.69%	12/29/06	1.04%	1.04%
Class B^†^, **	(4.73)%	4.55%	0.27%	12/29/06	5.82%	2.30%
Class C**	(1.75)%	4.95%	(0.07)%	12/29/06	2.14%	2.14%
Class Y	0.60%	6.47%	3.83%	12/31/09	0.78%	0.78%
MSCI ACWI^® ex USA***	0.22%	3.64%	0.96%

The Fund's performance benefited from IPO purchases in 2014. After purchase, the IPOs rapidly increased in value. Davis Advisors purchases shares intending to benefit from long-term growth of the underlying company; the rapid appreciation of the IPOs were unusual occurrences.

The MSCI ACWI^® ex USA is a free float-adjusted market capitalization weighted index designed to measure the equity market performance of developed and emerging markets, excluding the United States. The Index includes reinvestment of dividends, net of foreign withholding taxes. Investments cannot be made directly in the Index.

The performance data for Davis International Fund contained in this report represents past performance, assumes that all distributions were reinvested, and should not be considered as an indication of future performance from an investment in the Fund today. The investment return and principal value will fluctuate so that shares may be worth more or less than their original cost when redeemed. Fund performance changes over time and current performance may be higher or lower than stated. Returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. The operating expense ratios may vary in future years. For more current information please call Davis Funds Investor Services at 1-800-279-0279.

*Reflects 4.75% front-end sales charge.

^†Because Class B shares automatically convert to Class A shares after 7 years, the "Since Inception" return for Class B reflects Class A performance for the period after conversion.

**Includes any applicable contingent deferred sales charge. As of May 1, 2013, Class B shares are no longer offered for new purchases.

***Inception return is from December 29, 2006.

DAVIS GLOBAL FUND	Fund Overview
	October 31, 2016

Portfolio Composition		Industry Weightings
(% of Fund's 10/31/16 Net Assets)		(% of 10/31/16 Stock Holdings)

				MSCI
			Fund	ACWI^®
Common Stock (U.S.)	52.00%	Retailing	20.80%	3.68%
Common Stock (Foreign)	39.48%	Energy	14.04%	6.90%
Preferred Stock (Foreign)	7.41%	Information Technology	12.73%	16.05%
Short-Term Investments	4.85%	Diversified Financials	9.46%	3.81%
Other Assets & Liabilities	(3.74)%	Capital Goods	8.91%	7.46%
	100.00%	Banks	7.99%	9.78%
		Media	5.86%	2.41%
		Transportation	5.57%	2.11%
		Consumer Services	3.66%	1.61%
		Insurance	3.30%	3.94%
		Health Care	2.42%	11.14%
		Materials	2.30%	5.18%
		Automobiles & Components	1.78%	2.63%
		Food, Beverage & Tobacco	0.97%	5.92%
		Consumer Durables & Apparel	0.21%	1.90%
		Telecommunication Services	–	3.66%
		Other	–	11.82%
			100.00%	100.00%

Country Diversification		Top 10 Long-Term Holdings
(% of 10/31/16 Stock Holdings)		(% of Fund's 10/31/16 Net Assets)

United States	52.58%	Alphabet Inc.*	5.89%
China	23.17%	Amazon.com, Inc.	5.76%
Canada	6.36%	Encana Corp.	5.30%
South Africa	4.70%	Wells Fargo & Co.	4.94%
Brazil	3.30%	Apache Corp.	4.81%
France	3.02%	Berkshire Hathaway Inc., Class B	4.75%
India	2.85%	Naspers Ltd. - N	4.65%
Singapore	2.41%	Didi Chuxing Joint Co., Series A, Pfd.	3.78%
Switzerland	1.15%	Sul America S.A.	3.26%
Germany	0.26%	JPMorgan Chase & Co.	2.96%
Netherlands	0.20%
	100.00%

*Alphabet Inc. holding includes Class A and Class C.

DAVIS GLOBAL FUND – (CONTINUED)	Fund Overview
	October 31, 2016

New Positions Added (11/01/15-10/31/16)

(Highlighted positions are those greater than 2.50% of the Fund's 10/31/16 net assets)

Security	Industry	Date of 1^st Purchase	% of Fund's 10/31/16 Net Assets
Adient PLC	Automobiles & Components	10/26/16	0.83%
Aetna Inc.	Health Care Equipment & Services	09/15/16	1.40%
American Express Co.	Consumer Finance	01/25/16	0.89%
Apache Corp.	Energy	01/06/16	4.81%
CarMax, Inc.	Retailing	01/14/16	2.08%
Delphi Automotive PLC	Automobiles & Components	08/15/16	0.94%
EQT Corp.	Energy	06/01/16	1.58%
Facebook Inc., Class A	Software & Services	11/16/15	1.02%
Grab Inc., Series F, Pfd.	Retailing	08/24/16	2.38%
HP Inc.	Technology Hardware & Equipment	02/24/16	–
InterGlobe Aviation Ltd.	Transportation	03/01/16	1.86%
Naspers Ltd. - N	Media	12/15/15	4.65%
New Oriental Education & Technology Group, Inc., ADR	Consumer Services	04/13/16	1.21%
Occidental Petroleum Corp.	Energy	05/05/16	0.84%
Safran S.A.	Capital Goods	05/19/16	2.24%
TAL Education Group, Class A, ADR	Consumer Services	04/12/16	1.34%
Texas Instruments Inc.	Semiconductors & Semiconductor Equipment	06/10/16	1.03%
ZTO Express (Cayman) Inc., Class A, ADR	Transportation	10/27/16	2.61%

DAVIS GLOBAL FUND – (CONTINUED)	Fund Overview
	October 31, 2016

Positions Closed (11/01/15-10/31/16)

(Gains and losses greater than $2,000,000 are highlighted)

Security	Industry	Date of Final Sale	Realized Gain (Loss)
Activision Blizzard, Inc.	Software & Services	07/29/16	$	4,085,706
Assa Abloy AB, Class B	Capital Goods	02/10/16		(122,787)
Baoxin Auto Group Ltd.	Retailing	12/17/15		497,520
BM&FBOVESPA S.A.	Capital Markets	06/20/16		281,865
Brasil Pharma S.A.	Food & Staples Retailing	12/08/15		(2,252,667)
CETIP S.A. - Mercados Organizados	Capital Markets	06/20/16		(491,343)
Compagnie Financiere Richemont S.A., Unit A	Consumer Durables & Apparel	02/05/16		(1,207,517)
Dabur India Ltd.	Household & Personal Products	02/03/16		(725,224)
DENTSPLY International Inc.	Health Care Equipment & Services	01/14/16		134,671
Diageo PLC	Food, Beverage & Tobacco	05/23/16		(1,206,136)
Diagnosticos da America S.A.	Health Care Equipment & Services	02/01/16		(1,087,474)
Essilor International S.A.	Health Care Equipment & Services	03/18/16		859,003
GrubHub, Inc.	Software & Services	03/16/16		(112,873)
Grupo Televisa S.A.B., ADR	Media	08/17/16		314,010
Havells India Ltd.	Capital Goods	03/11/16		(127,044)
Heineken Holding N.V.	Food, Beverage & Tobacco	05/17/16		2,563,616
Hermes International	Consumer Durables & Apparel	03/23/16		(127,257)
HP Inc.	Technology Hardware & Equipment	08/01/16		895,656
IDEXX Laboratories, Inc.	Health Care Equipment & Services	01/12/16		2,059,523
IMI PLC	Capital Goods	09/19/16		(344,675)
Kuehne + Nagel International AG	Transportation	03/01/16		564,552
Las Vegas Sands Corp.	Consumer Services	05/27/16		(1,812,830)
Lindt & Spruengli AG - Participation Certificate	Food, Beverage & Tobacco	01/12/16		2,950,958
Marico Ltd.	Household & Personal Products	02/03/16		393,459
Qihoo 360 Technology Co. Ltd., Class A, ADR	Software & Services	01/20/16		1,315,260
Rockwell Automation, Inc.	Capital Goods	05/23/16		(1,153,786)
Standard Chartered PLC	Banks	10/04/16		(1,725,912)
TransDigm Group, Inc.	Capital Goods	11/13/15		1,546,020
Ultra Petroleum Corp.	Energy	02/19/16		(8,191,209)
Univar Inc.	Capital Goods	03/24/16		489,999

DAVIS INTERNATIONAL FUND	Fund Overview
	October 31, 2016

Portfolio Composition		Industry Weightings
(% of Fund's 10/31/16 Net Assets)		(% of 10/31/16 Stock Holdings)

				MSCI
				ACWI^®
			Fund	EX USA
Common Stock (Foreign)	87.51%	Retailing	17.86%	1.68%
Preferred Stock (Foreign)	9.20%	Transportation	10.72%	2.65%
Short-Term Investments	4.11%	Health Care	9.57%	8.17%
Other Assets & Liabilities	(0.82)%	Capital Goods	9.02%	7.86%
	100.00%	Consumer Services	8.05%	1.22%
		Diversified Financials	7.97%	3.15%
		Materials	7.74%	7.70%
		Energy	7.57%	6.80%
		Media	7.51%	1.55%
		Insurance	4.23%	5.06%
		Information Technology	4.10%	9.57%
		Consumer Durables & Apparel	1.91%	2.51%
		Household & Personal Products	1.47%	2.26%
		Commercial & Professional Services	1.17%	1.21%
		Food, Beverage & Tobacco	1.11%	6.14%
		Banks	–	14.28%
		Telecommunication Services	–	4.89%
		Other	–	13.30%
			100.00%	100.00%

Country Diversification		Top 10 Long-Term Holdings
(% of 10/31/16 Stock Holdings)		(% of Fund's 10/31/16 Net Assets)

China	35.03%	Encana Corp.	7.32%
Switzerland	14.28%	Naspers Ltd. - N	5.87%
France	11.26%	Didi Chuxing Joint Co., Series A, Pfd.	4.84%
Canada	8.88%	Sul America S.A.	4.09%
Brazil	7.56%	LafargeHolcim Ltd.	3.90%
South Africa	6.07%	JD.com Inc., Class A, ADR	3.75%
Germany	3.83%	Safran S.A.	3.47%
India	3.81%	Schneider Electric SE	3.45%
Singapore	2.70%	Kuehne + Nagel International AG	3.44%
United Kingdom	2.25%	Vipshop Holdings Ltd., Class A, ADR	3.36%
Netherlands	1.91%
Mexico	1.44%
Belgium	0.98%
	100.00%

DAVIS INTERNATIONAL FUND – (CONTINUED)	Fund Overview
	October 31, 2016

New Positions Added (11/01/15-10/31/16)

(Highlighted positions are those greater than 3.25% of the Fund's 10/31/16 net assets)

Security	Industry	Date of 1^st Purchase	% of Fund's 10/31/16 Net Assets
Grab Inc., Series F, Pfd.	Retailing	08/24/16	2.61%
Naspers Ltd. - N	Media	12/15/15	5.87%
New Oriental Education & Technology Group, Inc., ADR	Consumer Services	04/13/16	2.50%
Novartis AG, ADR	Pharmaceuticals, Biotechnology & Life Sciences	10/28/16	3.04%
Roche Holding AG - Genusschein	Pharmaceuticals, Biotechnology & Life Sciences	10/28/16	3.03%
Safran S.A.	Capital Goods	05/19/16	3.47%
TAL Education Group, Class A, ADR	Consumer Services	04/12/16	2.77%
ZTO Express (Cayman) Inc., Class A, ADR	Transportation	10/27/16	2.61%

Positions Closed (11/01/15-10/31/16)

(Gains and losses greater than $500,000 are highlighted)

Security	Industry	Date of Final Sale	Realized Gain (Loss)
Air Liquide S.A., Stock Rights	Materials	09/27/16	$	18,767
Assa Abloy AB, Class B	Capital Goods	10/31/16		80,211
Baoxin Auto Group Ltd.	Retailing	12/17/15		34,395
Brasil Pharma S.A.	Food & Staples Retailing	12/08/15		(1,615,421)
Compagnie Financiere Richemont S.A., Unit A	Consumer Durables & Apparel	02/05/16		241,293
Dabur India Ltd.	Household & Personal Products	02/03/16		(327,861)
Diageo PLC	Food, Beverage & Tobacco	05/23/16		(598,300)
Diagnosticos da America S.A.	Health Care Equipment & Services	02/01/16		(669,347)
Havells India Ltd.	Capital Goods	03/11/16		(85,433)
Heineken Holding N.V.	Food, Beverage & Tobacco	05/17/16		831,136
Hermes International	Consumer Durables & Apparel	10/31/16		459,811
IMI PLC	Capital Goods	09/19/16		(152,786)
Lindt & Spruengli AG - Participation Certificate	Food, Beverage & Tobacco	01/12/16		1,852,217
Marico Ltd.	Household & Personal Products	02/03/16		113,910
Paramount Resources Ltd., Class A	Energy	06/07/16		(210,714)
Qihoo 360 Technology Co. Ltd., Class A, ADR	Software & Services	01/20/16		424,210
Rolls-Royce Holdings PLC	Capital Goods	02/12/16		(92,330)
Rolls-Royce Holdings PLC, Class C, Pfd.	Capital Goods	12/01/15		(145)
Standard Chartered PLC	Banks	10/04/16		(496,659)
Youku Tudou Inc., Class A, ADR	Software & Services	01/20/16		206,547

DAVIS GLOBAL FUND	Expense Example
DAVIS INTERNATIONAL FUND

As a shareholder of each Fund, you incur two types of costs: (1) transaction costs, which may include sales charges (loads) on purchases, contingent deferred sales charges on redemptions, and redemption fees, if any; and (2) ongoing costs, including advisory and administrative fees, distribution and/or service (12b-1) fees, and other Fund expenses. The Expense Example is intended to help you understand your ongoing costs (in dollars) of investing in each Fund and to compare these costs with the ongoing costs of investing in other mutual funds. The Expense Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period indicated, which for each class is for the six-month period ended October 31, 2016.

Actual Expenses

The information represented in the row entitled "Actual" provides information about actual account values and actual expenses. You may use the information in this row, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number under the heading "Expenses Paid During Period" to estimate the expenses you paid on your account during this period. An annual maintenance fee of $15, charged on retirement plan accounts per Social Security Number, is not included in the Expense Example. This fee will be waived for accounts sharing the same Social Security Number if the accounts total at least $50,000 at Davis Funds. If this fee was included, the estimate of expenses you paid during the period would be higher, and your ending account value would be lower, by this amount.

Hypothetical Example for Comparison Purposes

The information represented in the row entitled "Hypothetical" provides information about hypothetical account values and hypothetical expenses based on each Fund's actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund's actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds. An annual maintenance fee of $15, charged on retirement plan accounts per Social Security Number, is not included in the Expense Example. This fee will be waived for accounts sharing the same Social Security Number if the accounts total at least $50,000 at Davis Funds. If this fee was included, the estimate of expenses you paid during the period would be higher, and your ending account value would be lower, by this amount.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as front-end or contingent deferred sales charges (loads) or redemption fees. Therefore, the information in the row entitled "Hypothetical" is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would be higher.

DAVIS GLOBAL FUND	Expense Example – (Continued)
DAVIS INTERNATIONAL FUND

	Beginning Account Value	Ending Account Value	Expenses Paid During Period*
	(05/01/16)	(10/31/16)	(05/01/16-10/31/16)
Davis Global Fund
Class A (annualized expense ratio 0.95%**)
Actual	$1,000.00	$1,027.32	$4.84
Hypothetical	$1,000.00	$1,020.36	$4.82
Class B (annualized expense ratio 2.30%**)
Actual	$1,000.00	$1,020.61	$11.68
Hypothetical	$1,000.00	$1,013.57	$11.64
Class C (annualized expense ratio 1.75%**)
Actual	$1,000.00	$1,023.03	$8.90
Hypothetical	$1,000.00	$1,016.34	$8.87
Class Y (annualized expense ratio 0.71%**)
Actual	$1,000.00	$1,028.94	$3.62
Hypothetical	$1,000.00	$1,021.57	$3.61
Davis International Fund
Class A (annualized expense ratio 1.00%**)
Actual	$1,000.00	$1,006.04	$5.04
Hypothetical	$1,000.00	$1,020.11	$5.08
Class B (annualized expense ratio 2.30%**)
Actual	$1,000.00	$998.94	$11.56
Hypothetical	$1,000.00	$1,013.57	$11.64
Class C (annualized expense ratio 2.11%**)
Actual	$1,000.00	$998.95	$10.60
Hypothetical	$1,000.00	$1,014.53	$10.68
Class Y (annualized expense ratio 0.75%**)
Actual	$1,000.00	$1,006.11	$3.78
Hypothetical	$1,000.00	$1,021.37	$3.81

Hypothetical assumes 5% annual return before expenses.

*Expenses are equal to each Class's annualized operating expense ratio, multiplied by the average account value over the period, multiplied by 184/366 (to reflect the one-half year period).

**The expense ratios reflect the impact, if any, of certain reimbursements.

DAVIS GLOBAL FUND	Schedule of Investments
	October 31, 2016

						Shares		Value (Note 1)
COMMON STOCK – (91.48%)
	CONSUMER DISCRETIONARY – (24.53%)
		Automobiles & Components – (1.77%)
				Adient PLC *			87,960	$	4,003,060
				Delphi Automotive PLC			70,070		4,559,455
									8,562,515
		Consumer Durables & Apparel – (0.20%)
				Hunter Douglas N.V. (Netherlands)			18,390		981,422
		Consumer Services – (3.62%)
				New Oriental Education & Technology Group, Inc., ADR (China)*			117,500		5,890,275
				TAL Education Group, Class A, ADR (China)*			79,750		6,494,840
				Xiabu Xiabu Catering Management Co., Ltd. (China)			8,554,420		5,184,129
									17,569,244
		Media – (5.79%)
				Liberty Global PLC, LiLAC Class C *			26,490		732,184
				Liberty Global PLC, Series C *			151,610		4,821,198
				Naspers Ltd. - N (South Africa)			134,460		22,535,730
									28,089,112
		Retailing – (13.15%)
				Amazon.com, Inc. *			35,410		27,967,526
				CarMax, Inc. *			202,450		10,110,353
				JD.com Inc., Class A, ADR (China)*			510,560		13,249,032
				Jumei International Holding Ltd., Class A, ADR (China)*			14,050		71,795
				Vipshop Holdings Ltd., Class A, ADR (China)*			907,580		12,406,619
									63,805,325
					Total Consumer Discretionary				119,007,618
	CONSUMER STAPLES – (0.96%)
		Food, Beverage & Tobacco – (0.96%)
				United Spirits Ltd. (India)*			137,700		4,669,963
					Total Consumer Staples				4,669,963
	ENERGY – (13.89%)
				Apache Corp.			392,110		23,322,703
				Cabot Oil & Gas Corp.			317,110		6,621,257
				Encana Corp. (Canada)			2,695,470		25,714,783
				EQT Corp.			116,100		7,662,600
				Occidental Petroleum Corp.			55,600		4,053,796
					Total Energy				67,375,139
	FINANCIALS – (20.52%)
		Banks – (7.90%)
				JPMorgan Chase & Co.			207,240		14,353,442
				Wells Fargo & Co.			521,500		23,994,215
									38,347,657
		Diversified Financials – (9.36%)
			Capital Markets – (3.62%)
				Charles Schwab Corp.			232,360		7,365,812
				Noah Holdings Ltd., ADS (China)*			431,380		10,163,313
									17,529,125
			Consumer Finance – (0.99%)
				American Express Co.			65,200		4,330,584

DAVIS GLOBAL FUND – (CONTINUED)	Schedule of Investments
	October 31, 2016

						Shares/Units		Value (Note 1)
COMMON STOCK – (CONTINUED)
	FINANCIALS – (CONTINUED)
		Diversified Financials – (Continued)
			Consumer Finance – (Continued)
				LendingClub Corp. *			97,720	$	481,760
									4,812,344
			Diversified Financial Services – (4.75%)
				Berkshire Hathaway Inc., Class B *			159,800		23,059,140
									45,400,609
		Insurance – (3.26%)
			Multi-line Insurance – (3.26%)
				Sul America S.A. (Brazil)			2,620,200		15,818,062
					Total Financials				99,566,328
	HEALTH CARE – (2.39%)
		Health Care Equipment & Services – (1.40%)
				Aetna Inc.			63,500		6,816,725
		Pharmaceuticals, Biotechnology & Life Sciences – (0.99%)
				Valeant Pharmaceuticals International, Inc. (Canada)*			269,310		4,804,490
					Total Health Care				11,621,215
	INDUSTRIALS – (14.32%)
		Capital Goods – (8.81%)
				Brenntag AG (Germany)			23,210		1,240,689
				Safran S.A. (France)			158,070		10,867,644
				Schneider Electric SE (France)			53,820		3,612,208
				United Technologies Corp.			123,730		12,645,206
				Wesco Aircraft Holdings, Inc. *			936,610		12,035,439
				WESCO International, Inc. *			43,320		2,347,944
									42,749,130
		Transportation – (5.51%)
				CAR Inc. (China)*			4,946,900		5,026,281
				InterGlobe Aviation Ltd. (India)			640,340		9,019,305
				ZTO Express (Cayman) Inc., Class A, ADR (China)*			747,857		12,661,219
									26,706,805
					Total Industrials				69,455,935
	INFORMATION TECHNOLOGY – (12.59%)
		Semiconductors & Semiconductor Equipment – (1.03%)
				Texas Instruments Inc.			70,150		4,970,128
		Software & Services – (11.56%)
				58.com Inc., Class A, ADR (China)*			6,200		259,470
				Alphabet Inc., Class A *			8,773		7,105,253
				Alphabet Inc., Class C *			27,383		21,483,059
				Angie's List Inc. *			374,960		2,887,192
				ASAC II L.P. *(a)			35,352		34,284
				Baidu, Inc., Class A, ADR (China)*			26,250		4,642,575
				Facebook Inc., Class A *			37,850		4,957,971
				Fang Holdings Ltd., Class A, ADR (China)*			2,030,290		6,760,866
				Quotient Technology Inc. *			380,140		4,029,484
				YY Inc., Class A, ADR (China)*			81,780		3,931,164
									56,091,318
					Total Information Technology				61,061,446

DAVIS GLOBAL FUND – (CONTINUED)	Schedule of Investments
	October 31, 2016

							Shares/Principal			Value (Note 1)
COMMON STOCK – (CONTINUED)
	MATERIALS – (2.28%)
			LafargeHolcim Ltd. (Switzerland)						103,636	$	5,535,307
			Monsanto Co.						54,690		5,511,111
						Total Materials					11,046,418
					TOTAL COMMON STOCK – (Identified cost $415,110,025)						443,804,062
PREFERRED STOCK – (7.41%)
	CONSUMER DISCRETIONARY – (7.41%)
		Retailing – (7.41%)
			Didi Chuxing Joint Co., Series A (China)*(a)						479,462		18,328,442
			Grab Inc., Series F (Singapore)*(a)						2,398,770		11,559,793
			Internet Plus Holdings Ltd., Series A-10 (China)*(a)						1,630,518		6,086,234
						Total Consumer Discretionary					35,974,469
					TOTAL PREFERRED STOCK – (Identified cost $30,396,349)						35,974,469
SHORT-TERM INVESTMENTS – (4.85%)
			INTL FCStone Financial Inc. Joint Repurchase Agreement, 0.43%, 11/01/16, dated 10/31/16, repurchase value of $5,778,069 (collateralized by: U.S. Government agency mortgages and obligation in a pooled cash account, 1.50%-10.50%, 01/15/17-10/15/46, total market value $5,893,560)					$	5,778,000		5,778,000
			Mizuho Securities USA Inc. Joint Repurchase Agreement, 0.34%, 11/01/16, dated 10/31/16, repurchase value of $3,869,037 (collateralized by: U.S. Government agency mortgages in a pooled cash account, 4.00%-4.50%, 08/20/45-10/01/46, total market value $3,946,380)						3,869,000		3,869,000
			Nomura Securities International, Inc. Joint Repurchase Agreement, 0.34%, 11/01/16, dated 10/31/16, repurchase value of $5,778,055 (collateralized by: U.S. Government agency mortgages in a pooled cash account, 2.50%-9.00%, 12/15/19-04/01/46, total market value $5,893,560)						5,778,000		5,778,000
			SunTrust Robinson Humphrey, Inc. Joint Repurchase Agreement, 0.41%, 11/01/16, dated 10/31/16, repurchase value of $8,089,092 (collateralized by: U.S. Government agency mortgages in a pooled cash account, 2.476%-4.50%, 04/01/22-10/01/46, total market value $8,250,780)						8,089,000		8,089,000
					TOTAL SHORT-TERM INVESTMENTS – (Identified cost $23,514,000)						23,514,000
				Total Investments – (103.74%) – (Identified cost $469,020,374) – (b)							503,292,531
				Liabilities Less Other Assets – (3.74%)							(18,161,490)
					Net Assets – (100.00%)					$	485,131,041

DAVIS GLOBAL FUND – (CONTINUED)	Schedule of Investments
	October 31, 2016

	ADR: American Depositary Receipt

	ADS: American Depositary Share

	*	Non-Income producing security.

	(a)	Restricted Security – See Note 7 of the Notes to Financial Statements.

	(b)	Aggregate cost for federal income tax purposes is $470,331,471. At October 31, 2016, unrealized appreciation (depreciation) of securities for federal income tax purposes is as follows:

			Unrealized appreciation		$	68,238,153
			Unrealized depreciation			(35,277,093)
				Net unrealized appreciation	$	32,961,060

See Notes to Financial Statements

DAVIS INTERNATIONAL FUND	Schedule of Investments
	October 31, 2016

						Shares/Units		Value (Note 1)
COMMON STOCK – (87.51%)
	CONSUMER DISCRETIONARY – (24.97%)
		Consumer Durables & Apparel – (1.85%)
				Hunter Douglas N.V. (Netherlands)			35,103	$	1,873,346
		Consumer Services – (7.78%)
				New Oriental Education & Technology Group, Inc., ADR (China)*			50,630		2,538,082
				TAL Education Group, Class A, ADR (China)*			34,520		2,811,309
				Xiabu Xiabu Catering Management Co., Ltd. (China)			4,212,210		2,552,673
									7,902,064
		Media – (7.26%)
				Grupo Televisa S.A.B., ADR (Mexico)			57,680		1,414,891
				Naspers Ltd. - N (South Africa)			35,550		5,958,242
									7,373,133
		Retailing – (8.08%)
				Ctrip.com International, Ltd., ADR (China)*			21,560		951,874
				JD.com Inc., Class A, ADR (China)*			146,840		3,810,498
				Jumei International Holding Ltd., Class A, ADR (China)*			6,200		31,682
				Vipshop Holdings Ltd., Class A, ADR (China)*			249,230		3,406,974
									8,201,028
					Total Consumer Discretionary				25,349,571
	CONSUMER STAPLES – (2.50%)
		Food, Beverage & Tobacco – (1.08%)
				United Spirits Ltd. (India)*			32,280		1,094,745
		Household & Personal Products – (1.42%)
				L'Oréal S.A. (France)			8,050		1,440,855
					Total Consumer Staples				2,535,600
	ENERGY – (7.32%)
				Encana Corp. (Canada)			779,450		7,435,953
					Total Energy				7,435,953
	FINANCIALS – (11.80%)
		Diversified Financials – (7.71%)
			Capital Markets – (6.37%)
				BM&FBOVESPA S.A. (Brazil)			554,760		3,267,384
				Noah Holdings Ltd., ADS (China)*			135,670		3,196,385
									6,463,769
			Diversified Financial Services – (1.34%)
				Groupe Bruxelles Lambert S.A. (Belgium)			11,200		963,421
				Pargesa Holding S.A., Bearer Shares (Switzerland)			5,960		400,224
									1,363,645
									7,827,414
		Insurance – (4.09%)
				Multi-line Insurance – (4.09%)
				Sul America S.A. (Brazil)			688,400		4,155,848
					Total Financials				11,983,262
	HEALTH CARE – (9.25%)
		Health Care Equipment & Services – (1.92%)
				Essilor International S.A. (France)			17,330		1,948,059
		Pharmaceuticals, Biotechnology & Life Sciences – (7.33%)
				Novartis AG, ADR (Switzerland)			43,400		3,082,268
				Roche Holding AG - Genusschein (Switzerland)			13,400		3,080,693

DAVIS INTERNATIONAL FUND – (CONTINUED)	Schedule of Investments
	October 31, 2016

						Shares		Value (Note 1)
COMMON STOCK – (CONTINUED)
	HEALTH CARE – (CONTINUED)
		Pharmaceuticals, Biotechnology & Life Sciences – (Continued)
			Valeant Pharmaceuticals International, Inc. (Canada)*				72,150	$	1,287,156
									7,450,117
					Total Health Care				9,398,176
	INDUSTRIALS – (20.22%)
		Capital Goods – (8.73%)
			Brenntag AG (Germany)				14,320		765,475
			Meggitt PLC (United Kingdom)				199,216		1,061,438
			Safran S.A. (France)				51,300		3,526,982
			Schneider Electric SE (France)				52,230		3,505,492
									8,859,387
		Commercial & Professional Services – (1.13%)
			Regus PLC (United Kingdom)				377,000		1,148,545
		Transportation – (10.36%)
			CAR Inc. (China)*				1,697,500		1,724,739
			InterGlobe Aviation Ltd. (India)				187,957		2,647,409
			Kuehne + Nagel International AG (Switzerland)				25,770		3,494,855
			ZTO Express (Cayman) Inc., Class A, ADR (China)*				156,788		2,654,421
									10,521,424
					Total Industrials				20,529,356
	INFORMATION TECHNOLOGY – (3.97%)
		Software & Services – (3.97%)
			58.com Inc., Class A, ADR (China)*				3,340		139,779
			Baidu, Inc., Class A, ADR (China)*				6,255		1,106,259
			Fang Holdings Ltd., Class A, ADR (China)*				559,470		1,863,035
			YY Inc., Class A, ADR (China)*				19,120		919,099
					Total Information Technology				4,028,172
	MATERIALS – (7.48%)
			Air Liquide S.A. (France)				6,240		634,854
			LafargeHolcim Ltd. (Switzerland)				74,187		3,962,405
			Linde AG (Germany)				18,170		2,997,902
					Total Materials				7,595,161
				TOTAL COMMON STOCK – (Identified cost $89,403,585)					88,855,251
PREFERRED STOCK – (9.20%)
	CONSUMER DISCRETIONARY – (9.20%)
		Retailing – (9.20%)
			Didi Chuxing Joint Co., Series A (China)*(a)				128,505		4,912,373
			Grab Inc., Series F (Singapore)*(a)				549,889		2,649,943
			Internet Plus Holdings Ltd., Series A-10 (China)*(a)				475,314		1,774,205
					Total Consumer Discretionary				9,336,521
				TOTAL PREFERRED STOCK – (Identified cost $7,806,305)					9,336,521

DAVIS INTERNATIONAL FUND – (CONTINUED)	Schedule of Investments
	October 31, 2016

						Principal			Value (Note 1)
SHORT-TERM INVESTMENTS – (4.11%)
			INTL FCStone Financial Inc. Joint Repurchase Agreement, 0.43%, 11/01/16, dated 10/31/16, repurchase value of $1,026,012 (collateralized by: U.S. Government agency mortgages and obligation in a pooled cash account, 1.50%-10.50%, 01/15/17-10/15/46, total market value $1,046,520)				$	1,026,000	$	1,026,000
			Mizuho Securities USA Inc. Joint Repurchase Agreement, 0.34%, 11/01/16, dated 10/31/16, repurchase value of $687,006 (collateralized by: U.S. Government agency mortgages in a pooled cash account, 4.00%-4.50%, 08/20/45-10/01/46, total market value $700,740)					687,000		687,000
			Nomura Securities International, Inc. Joint Repurchase Agreement, 0.34%, 11/01/16, dated 10/31/16, repurchase value of $1,026,010 (collateralized by: U.S. Government agency mortgages and obligation in a pooled cash account, 0.00%-5.00%, 08/15/20-05/01/47, total market value $1,046,520)					1,026,000		1,026,000
			SunTrust Robinson Humphrey, Inc. Joint Repurchase Agreement, 0.41%, 11/01/16, dated 10/31/16, repurchase value of $1,437,016 (collateralized by: U.S. Government agency mortgages in a pooled cash account, 2.235%-6.00%, 01/01/19-10/01/46, total market value $1,465,740)					1,437,000		1,437,000
					TOTAL SHORT-TERM INVESTMENTS – (Identified cost $4,176,000)					4,176,000
				Total Investments – (100.82%) – (Identified cost $101,385,890) – (b)						102,367,772
				Liabilities Less Other Assets – (0.82%)						(835,025)
					Net Assets – (100.00%)				$	101,532,747

	ADR: American Depositary Receipt

	ADS: American Depositary Share

	*	Non-Income producing security.

	(a)	Restricted Security – See Note 7 of the Notes to Financial Statements.

	(b)	Aggregate cost for federal income tax purposes is $101,398,245. At October 31, 2016, unrealized appreciation (depreciation) of securities for federal income tax purposes is as follows:

				Unrealized appreciation					$	11,358,802
				Unrealized depreciation						(10,389,275)
					Net unrealized appreciation				$	969,527

See Notes to Financial Statements

DAVIS GLOBAL FUND	Statements of Assets and Liabilities
DAVIS INTERNATIONAL FUND	At October 31, 2016

				Davis Global Fund		Davis International Fund
ASSETS:
Investments in securities at value* (see accompanying Schedules of Investments)			$	503,292,531	$	102,367,772
Cash				1,733		1,851
Receivables:
	Capital stock sold			1,692,054		15,943
	Dividends and interest			299,374		123,247
	Investment securities sold			–		8,536,394
Prepaid expenses				14,090		3,873
Due from Adviser				46		217
		Total assets		505,299,828		111,049,297
LIABILITIES:
Payables:
	Capital stock redeemed			822,725		25,866
	Deferred foreign taxes			166,329		16,819
	Investment securities purchased			18,581,212		9,283,376
Accrued distribution and service plan fees				86,836		2,160
Accrued investment advisory fee				234,083		50,608
Other accrued expenses				277,602		137,721
		Total liabilities		20,168,787		9,516,550
NET ASSETS			$	485,131,041	$	101,532,747
NET ASSETS CONSIST OF:
Par value of shares of capital stock			$	1,274,842	$	513,660
Additional paid-in capital				452,503,146		99,705,352
Undistributed net investment income (loss)				(470,874)		231,761
Accumulated net realized gains (losses) from investments				(2,272,204)		127,112
Net unrealized appreciation on investments and foreign currency transactions**				34,096,131		954,862
		Net Assets	$	485,131,041	$	101,532,747

*Including:
	Cost of investments		$	469,020,374	$	101,385,890

**Net of deferred foreign taxes of				166,329		16,819

DAVIS GLOBAL FUND	Statements of Assets and Liabilities – (Continued)
DAVIS INTERNATIONAL FUND	At October 31, 2016

		Davis Global Fund		Davis International Fund
CLASS A SHARES:
Net assets	$	101,504,127	$	8,526,288
Shares outstanding		5,291,120		853,757
Net asset value and redemption price per share (Net assets ÷ Shares outstanding)	$	19.18	$	9.99
Maximum offering price per share (100/95.25 of net asset value)†	$	20.14	$	10.49
CLASS B SHARES:
Net assets	$	614,299	$	45,420
Shares outstanding		34,457		4,803
Net asset value and redemption price per share (Net assets ÷ Shares outstanding)	$	17.83	$	9.46
CLASS C SHARES:
Net assets	$	78,258,948	$	1,226,761
Shares outstanding		4,296,533		129,337
Net asset value, offering, and redemption price per share (Net assets ÷ Shares outstanding)	$	18.21	$	9.48
CLASS Y SHARES:
Net assets	$	304,753,667	$	91,734,278
Shares outstanding		15,874,736		9,285,307
Net asset value, offering, and redemption price per share (Net assets ÷ Shares outstanding)	$	19.20	$	9.88

†On purchases of $100,000 or more, the offering price is reduced.

See Notes to Financial Statements

DAVIS GLOBAL FUND	Statements of Operations
DAVIS INTERNATIONAL FUND	For the year ended October 31, 2016

				Davis Global Fund		Davis International Fund
INVESTMENT INCOME:
Income:
Dividends*			$	3,457,425	$	1,087,721
Interest				54,569		27,728
Net securities lending fees				7,074		1,466
		Total income		3,519,068		1,116,915
Expenses:
Investment advisory fees (Note 3)				2,300,858		538,596
Custodian fees				218,961		92,283
Transfer agent fees:
	Class A			99,327		11,504
	Class B			5,092		3,056
	Class C			84,088		5,023
	Class Y			173,336		9,239
Audit fees				20,093		20,093
Legal fees				1,569		367
Accounting fees (Note 3)				10,328		3,000
Reports to shareholders				38,155		5,000
Directors' fees and expenses				17,695		6,634
Registration and filing fees				99,000		65,000
Miscellaneous				32,280		22,615
Distribution and service plan fees (Note 3):
	Class A			204,596		11,004
	Class B			6,567		750
	Class C			729,230		13,514
Total expenses				4,041,175		807,678
Reimbursement of expenses by Adviser (Note 3)				(835)		(2,654)
		Net expenses		4,040,340		805,024
Net investment income (loss)				(521,272)		311,891
REALIZED & UNREALIZED GAIN (LOSS) ON INVESTMENTS AND FOREIGN CURRENCY TRANSACTIONS:
Net realized gain (loss) from:
	Investment transactions**			(1,871,068)		178,551
	Foreign currency transactions			(146,686)		(28,996)
Net realized gain (loss)				(2,017,754)		149,555
Net increase in unrealized appreciation***				27,700,178		122,817
		Net realized and unrealized gain on investments and foreign currency transactions		25,682,424		272,372
Net increase in net assets resulting from operations			$	25,161,152	$	584,263

*Net of foreign taxes withheld as follows			$	95,105	$	102,946

**Net of foreign taxes of				47,505		–

***Net of deferred foreign taxes of				166,329		6,918

See Notes to Financial Statements

DAVIS GLOBAL FUND	Statements of Changes in Net Assets
DAVIS INTERNATIONAL FUND	For the year ended October 31, 2016

			Davis Global Fund		Davis International Fund
OPERATIONS:
Net investment income (loss)		$	(521,272)	$	311,891
Net realized gain (loss) from investments and foreign currency transactions			(2,017,754)		149,555
Net increase in unrealized appreciation on investments and foreign currency transactions			27,700,178		122,817
	Net increase in net assets resulting from operations		25,161,152		584,263
DIVIDENDS AND DISTRIBUTIONS TO SHAREHOLDERS FROM:
Net investment income:
	Class A		–		(28,679)
	Class Y		(182,144)		(649,495)
Realized gains from investment transactions:
	Class A		(5,429,395)		(233,015)
	Class B		(43,832)		(3,602)
	Class C		(3,826,599)		(50,665)
	Class Y		(13,073,669)		(2,875,832)
CAPITAL SHARE TRANSACTIONS:
Net increase (decrease) in net assets resulting from capital share transactions (Note 4):
	Class A		5,162,826		1,372,330
	Class B		(112,382)		(57,363)
	Class C		14,274,456		(243,746)
	Class Y		69,352,987		4,077,374
	Total increase in net assets		91,283,400		1,891,570
NET ASSETS:
Beginning of year			393,847,641		99,641,177
End of year*		$	485,131,041	$	101,532,747

*Including undistributed net investment income (loss) of		$	(470,874)	$	231,761

See Notes to Financial Statements

DAVIS GLOBAL FUND	Statements of Changes in Net Assets
DAVIS INTERNATIONAL FUND	For the year ended October 31, 2015

			Davis Global Fund		Davis International Fund
OPERATIONS:
Net investment income		$	208,021	$	697,109
Net realized gain from investments and foreign currency transactions			22,377,375		5,038,558
Net decrease in unrealized appreciation on investments and foreign currency transactions			(24,773,658)		(7,102,648)
	Net decrease in net assets resulting from operations		(2,188,262)		(1,366,981)
DIVIDENDS AND DISTRIBUTIONS TO SHAREHOLDERS FROM:
Net investment income:
	Class A		(72,894)		(26,141)
	Class Y		(652,871)		(494,794)
Realized gains from investment transactions:
	Class A		(492,901)		–
	Class B		(7,062)		–
	Class C		(267,163)		–
	Class Y		(1,287,608)		–
CAPITAL SHARE TRANSACTIONS:
Net increase (decrease) in net assets resulting from capital share transactions (Note 4):
	Class A		34,827,610		831,282
	Class B		(279,865)		78
	Class C		35,846,320		753,624
	Class Y		86,844,111		29,337,382
	Total increase in net assets		152,269,415		29,034,450
NET ASSETS:
Beginning of year			241,578,226		70,606,727
End of year*		$	393,847,641	$	99,641,177

*Including undistributed net investment income of		$	166,134	$	591,525

See Notes to Financial Statements

DAVIS GLOBAL FUND	Notes to Financial Statements
DAVIS INTERNATIONAL FUND	October 31, 2016

NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Davis New York Venture Fund, Inc. (a Maryland corporation) ("Company"), is registered under the Investment Company Act of 1940, as amended, as a diversified, open-end management investment company. The Company operates as a series issuing shares of common stock including the following two funds (collectively "Funds"):

Davis Global Fund seeks to achieve long-term growth of capital. It invests principally in common stocks issued by both United States and foreign companies, including countries with developed or emerging markets. The Fund commenced operations on December 22, 2004, and until January 1, 2007, shares of the Fund were not available for public sale.

Davis International Fund seeks to achieve long-term growth of capital. It invests principally in common stocks issued by foreign companies, including countries with developed or emerging markets. The Fund commenced operations on December 29, 2006, and until January 1, 2010, shares of the Fund were not available for public sale.

Because of the risk inherent in any investment program, the Company cannot ensure that the investment objective of its Funds will be achieved.

Prior to being available for public sale, only the directors, officers, and employees of the Funds or their investment adviser and sub-adviser (and the investment adviser itself and affiliated companies) were eligible to purchase the Funds' shares.

The Company accounts separately for the assets, liabilities, and operations of each Fund. Each Fund offers Class A, Class C, and Class Y shares, and previously offered Class B shares for new purchases through April 30, 2013. Investors may continue to exchange Class B shares of the Funds with other Davis Funds. Class B shares automatically convert to Class A shares after 7 years. Class A shares are sold with a front-end sales charge. Class C shares are sold at net asset value and may be subject to a contingent deferred sales charge upon redemption. Class Y shares are sold at net asset value and are not subject to any contingent deferred sales charge upon redemption. Class Y shares are only available to certain qualified investors. Income, expenses (other than those attributable to a specific class), and gains and losses are allocated daily to each class of shares based upon the relative proportion of net assets represented by each class. Operating expenses are recorded on the accrual basis and those directly attributable to a specific class, such as distribution and transfer agent fees, are charged against the operations of that class. All classes have identical rights with respect to voting (exclusive of each class' distribution arrangement), liquidation, and distributions. Each Fund assesses a 2% fee on the proceeds of Fund shares that are redeemed (either by selling or exchanging to another Davis Fund) within 30 days of their purchase. The fee, which is retained by each Fund, is accounted for as an addition to paid-in capital. The following is a summary of significant accounting policies followed by the Funds in the preparation of their financial statements.

Security Valuation - The Funds calculate the net asset value of their shares as of the close of the New York Stock Exchange ("Exchange"), normally 4:00 P.M. Eastern time, on each day the Exchange is open for business. Securities listed on the Exchange (and other national exchanges including NASDAQ) are valued at the last reported sales price on the day of valuation. Listed securities for which no sale was reported on that date are valued at the average of closing bid and asked prices. Securities traded on foreign exchanges are valued based upon the last sales price on the principal exchange on which the security is traded prior to the time when the Funds' assets are valued. Securities (including restricted securities) for which market quotations are not readily available or securities whose values have been materially affected by what Davis Selected Advisers, L.P. ("Davis Advisors" or "Adviser"), the Funds' investment adviser, identifies as a significant event occurring before the Funds' assets are valued, but after the close of their respective exchanges will be fair valued using a fair valuation methodology applicable to the security type or the significant event as previously approved by the Funds' Pricing Committee and Board of Directors. The Pricing Committee considers all facts it deems relevant that are reasonably available, through either public information or information available to the Adviser's portfolio management team, when determining the fair value of a security. To assess the appropriateness of security valuations, the Adviser may consider (i) comparing prior day prices and/or prices of comparable securities; (ii) comparing sale prices to the prior or current day prices and challenge those prices exceeding certain tolerance levels with the third-party pricing service or broker source; (iii) new rounds of financing; (iv) the performance of the market or the issuer's industry; (v) the liquidity of the security; (vi) the size of the holding in a fund; and/or (vii) any other appropriate information. The determination of a security's fair value price often involves the consideration of a number of subjective factors and is therefore subject to the unavoidable risk that the value assigned to a security may be higher or lower than the security's value would be if a reliable market quotation of the security was readily available. Fair value determinations are subject to review, approval, and ratification by the Funds' Board of Directors at its next regularly scheduled meeting covering the period in which the fair valuation was determined. Fair valuation methods used by the Funds may include, but are not limited to, valuing securities initially at cost (excluding commissions) and

DAVIS GLOBAL FUND	Notes to Financial Statements – (Continued)
DAVIS INTERNATIONAL FUND	October 31, 2016

NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES – (CONTINUED)

Security Valuation - (Continued)

subsequently adjusting the value due to: additional transactions by the issuer, changes in company specific fundamentals and changes in the value of similar securities. Values may be further adjusted for any discounts related to security-specific resale restrictions. The Funds may price partnerships by calculating the liquidation value of the investment using the discounted value of residual cash in the vehicle.

Short-term securities purchased within 60 days to maturity are valued at amortized cost, which approximates market value.

The Funds' valuation procedures are reviewed and subject to approval by the Board of Directors. There have been no significant changes to the fair valuation procedures during the period.

Fair Value Measurements - Fair value is defined as the price that the Funds would receive upon selling an investment in an orderly transaction to an independent buyer in the principal market for the investment. Various inputs are used to determine the fair value of the Funds' investments. These inputs are summarized in the three broad levels listed below.

Level 1 –	quoted prices in active markets for identical securities
Level 2 –	other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)
Level 3 –	significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments)

The inputs or methodologies used for valuing securities are not necessarily an indication of the risks associated with investing in those securities nor can it be assured that the Funds can obtain the fair value assigned to a security if they were to sell the security.

The following is a summary of the inputs used as of October 31, 2016 in valuing each Fund's investments carried at value:

	Investments in Securities at Value
	Davis Global		Davis International
	Fund		Fund
Valuation inputs
Level 1 – Quoted Prices:
Equity securities:
Consumer Discretionary	$	119,007,618	$	25,349,571
Consumer Staples		4,669,963		2,535,600
Energy		67,375,139		7,435,953
Financials		99,566,328		11,983,262
Health Care		11,621,215		9,398,176
Industrials		69,455,935		20,529,356
Information Technology		61,027,162		4,028,172
Materials		11,046,418		7,595,161
Total Level 1		443,769,778		88,855,251
Level 2 – Other Significant Observable Inputs:
Short-term securities		23,514,000		4,176,000
Total Level 2		23,514,000		4,176,000
Level 3 – Significant Unobservable Inputs:
Equity securities:
Consumer Discretionary		35,974,469		9,336,521
Information Technology		34,284		–
Total Level 3		36,008,753		9,336,521
Total Investments	$	503,292,531	$	102,367,772

Level 2 to Level 1 Transfers*:
Industrials		–		2,647,409

*Discontinuation of a liquidity discount triggered the transfer of an investment between Level 2 and Level 1 of the fair value hierarchy during the year ended October 31, 2016.

DAVIS GLOBAL FUND	Notes to Financial Statements – (Continued)
DAVIS INTERNATIONAL FUND	October 31, 2016

NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES – (CONTINUED)

Fair Value Measurements - (Continued)

The following table reconciles the valuation of assets in which significant unobservable inputs (Level 3) were used in determining fair value during the year ended October 31, 2016:

		Davis Global Fund		Davis International Fund
Investment Securities:
Beginning balance	$	24,362,121	$	5,337,810
Cost of purchases		14,684,618		3,221,025
Proceeds from sales		(2,918,166)		–
Net change in unrealized appreciation (depreciation)		(119,820)		777,686
Ending balance	$	36,008,753	$	9,336,521

Net change in unrealized appreciation (depreciation) during the period on Level 3 securities still held at October 31, 2016 and included in the change in net assets for the period	$	(119,820)	$	777,686

There were no transfers of investments into or out of Level 3 of the fair value hierarchy during the period. The cost of purchases or proceeds from sales may include securities received or delivered through corporate actions or exchanges. Realized and unrealized gains (losses) are included in the related amounts on investments in the Statements of Operations.

The following table is a summary of those assets in which significant unobservable inputs (Level 3) were used by the Adviser in determining fair value. Note that these amounts exclude any valuations provided by a pricing service or broker.

Assets Table

	Investments	Fair Value at		Valuation	Unobservable
Fund	at Value	October 31, 2016		Technique	Input(s)	Amount(s)
Davis Global Fund	Common Stock	$	34,284	Discounted Cash Flow	Annualized Yield	2.02%

	Preferred Stock		18,328,442	Market Approach	Transaction Price	$38.2271

	Preferred Stock		11,559,793	Market Approach	Transaction Price	$4.8191

	Preferred Stock		6,086,234	Market Approach	Transaction Price Conversion Price Adjustment	$3.8607 3.32%
		$	36,008,753

Davis International Fund	Preferred Stock	$	4,912,373	Market Approach	Transaction Price	$38.2271

	Preferred Stock		2,649,943	Market Approach	Transaction Price	$4.8191

	Preferred Stock		1,774,205	Market Approach	Transaction Price Conversion Price Adjustment	$3.8607 3.32%
		$	9,336,521

The significant unobservable inputs listed in the above table are used in the fair value measurement of equity securities, and if changed, would affect the fair value of the Funds' investment. The transaction price inputs are attributable to private securities and include assumptions made from private transactions. An increase or decrease in these inputs would result in higher or lower fair value measurements.

DAVIS GLOBAL FUND	Notes to Financial Statements – (Continued)
DAVIS INTERNATIONAL FUND	October 31, 2016

NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES – (CONTINUED)

Master Repurchase Agreements - The Funds, along with other affiliated funds, may transfer uninvested cash balances into one or more master repurchase agreement accounts. These balances are invested in one or more repurchase agreements, secured by U.S. Government securities. A custodian bank holds securities pledged as collateral for repurchase agreements until the agreements mature. Each agreement requires that the market value of the collateral be sufficient to cover payments of interest and principal; however, in the event of default by the other party to the agreement, retention of the collateral may be subject to legal proceedings.

Currency Translation - The market values of all assets and liabilities denominated in foreign currencies are recorded in the financial statements after translation to the U.S. Dollar based upon the mean between the bid and offered quotations of the currencies against U.S. Dollars on the date of valuation. The cost basis of such assets and liabilities is determined based upon historical exchange rates. Income and expenses are translated at average exchange rates in effect as accrued or incurred.

Foreign Currency - The Funds may enter into forward purchases or sales of foreign currencies to hedge certain foreign currency denominated assets and liabilities against declines in market value relative to the U.S. Dollar. Forward currency contracts are marked-to-market daily and the change in market value is recorded by the Funds as an unrealized gain or loss. When the forward currency contract is closed, the Funds record a realized gain or loss equal to the difference between the value of the forward currency contract at the time it was opened and value at the time it was closed. Investments in forward currency contracts may expose the Funds to risks resulting from unanticipated movements in foreign currency exchange rates or failure of the counter-party to the agreement to perform in accordance with the terms of the contract.

Reported net realized foreign exchange gains or losses arise from the sales of foreign currencies, currency gains or losses realized between the trade and settlement dates on security transactions, the difference between the amounts of dividends, interest, and foreign withholding taxes recorded on the Funds' books, and the U.S. Dollar equivalent of the amounts actually received or paid. Net unrealized foreign exchange gains or losses arise from changes in the value of assets and liabilities other than investments in securities at fiscal year end, resulting from changes in the exchange rate. The Funds include foreign currency gains and losses realized on the sales of investments together with market gains and losses on such investments in the Statements of Operations.

Federal Income Taxes - It is each Fund's policy to comply with the requirements of the Internal Revenue Code applicable to regulated investment companies, and to distribute substantially all of its taxable income, including any net realized gains on investments not offset by loss carryovers, to shareholders. Therefore, no provision for federal income or excise tax is required. The Adviser has analyzed the Funds' tax positions taken on federal and state income tax returns for all open tax years and has concluded that as of October 31, 2016, no provision for income tax is required in the Funds' financial statements related to these tax positions. The Funds' federal and state (Arizona) income and federal excise tax returns for tax years for which the applicable statutes of limitations have not expired are subject to examination by the Internal Revenue Service and state department of revenue. The earliest tax year that remains subject to examination by these jurisdictions is 2013.

Capital losses with no expiration date will be carried forward to future years if not offset by gains. At October 31, 2016, Davis Global Fund had available for federal income tax purposes unused long-term capital loss carryforwards in the amount of $969,439, with no expiration.

Additionally, based on the Funds' understanding of the tax rules and rates related to income, gains, and transactions for the foreign jurisdictions in which they invest, the Funds will provide for foreign taxes, and where appropriate, deferred foreign taxes.

Securities Transactions and Related Investment Income - Securities transactions are accounted for on the trade date (date the order to buy or sell is executed) with realized gain or loss on the sale of securities being determined based upon identified cost. Dividend income is recorded on the ex-dividend date. Interest income, which includes accretion of discount and amortization of premium, is accrued as earned.

DAVIS GLOBAL FUND	Notes to Financial Statements – (Continued)
DAVIS INTERNATIONAL FUND	October 31, 2016

NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES – (CONTINUED)

Dividends and Distributions to Shareholders - Dividends and distributions to shareholders are recorded on the ex-dividend date. Net investment income (loss), net realized gains (losses), and net unrealized appreciation (depreciation) on investments may differ for financial statement and tax purposes primarily due to differing treatments of wash sales, foreign currency transactions, partnership income, and passive foreign investment company shares. The character of dividends and distributions made during the fiscal year from net investment income and net realized securities gains may differ from their ultimate characterization for federal income tax purposes. Also, due to the timing of dividends and distributions, the fiscal year in which amounts are distributed may differ from the fiscal year in which income or realized gain was recorded by the Funds. The Funds adjust certain components of capital to reflect permanent differences between financial statement amounts and net income and realized gains/losses determined in accordance with income tax rules. Accordingly, during the year ended October 31, 2016, for Davis Global Fund, amounts have been reclassified to reflect a decrease in undistributed net investment loss of $66,408, a decrease in accumulated net realized losses from investments and foreign currency transactions of $268,394, and a decrease in additional paid-in capital of $334,802; for Davis International Fund, amounts have been reclassified to reflect an increase in undistributed net investment income of $6,519 and a corresponding decrease to accumulated net realized gains from investments and foreign currency transactions. The Funds' net assets have not been affected by these reclassifications.

The tax character of distributions paid during the years ended October 31, 2016 and 2015 was as follows:

	Ordinary Income		Long-Term Capital Gain		Return of Capital		Total
Davis Global Fund
2016	$	6,363,328	$	16,104,101	$	88,210	$	22,555,639
2015		725,765		2,054,734		–		2,780,499
Davis International Fund
2016	$	694,100	$	3,147,188	$	–	$	3,841,288
2015		520,935		–		–		520,935

As of October 31, 2016, the components of distributable earnings (accumulated losses) on a tax basis were as follows:

	Davis Global Fund			Davis International Fund
Undistributed net investment income	$		–	$	372,975
Accumulated net realized losses from investments and foreign currency transactions		(969,439)			–
Net unrealized appreciation on investments*			32,785,034		942,507
Total	$		31,815,595	$	1,315,482

*Net of deferred foreign taxes of			166,329		16,819

Indemnification - Under the Funds' organizational documents, their officers and directors are indemnified against certain liabilities arising out of the performance of their duties to the Funds. In addition, some of the Funds' contracts with their service providers contain general indemnification clauses. The Funds' maximum exposure under these arrangements is unknown since the amount of any future claims that may be made against the Funds cannot be determined and the Funds have no historical basis for predicting the likelihood of any such claims.

DAVIS GLOBAL FUND	Notes to Financial Statements – (Continued)
DAVIS INTERNATIONAL FUND	October 31, 2016

NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES – (CONTINUED)

Use of Estimates in Financial Statements - In preparing financial statements in conformity with accounting principles generally accepted in the United States of America, management makes estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, as well as the reported amounts of income and expenses during the reporting period. Actual results may differ from these estimates.

Directors Fees and Expenses - The Funds set up a Rabbi Trust to provide for the deferred compensation plan for Independent Directors that enables them to elect to defer receipt of all or a portion of annual fees they are entitled to receive. The value of an eligible Director's account is based upon years of service and fees paid to each Director during the years of service. The amount paid to the Director by the Trust under the plan will be determined based upon the performance of the Davis Funds in which the amounts are invested.

NOTE 2 - PURCHASES AND SALES OF SECURITIES

The cost of purchases and proceeds from sales of investment securities (excluding short-term securities) during the year ended October 31, 2016 were as follows:

	Davis Global Fund		Davis International Fund
Cost of purchases	$	288,309,706	$	44,972,977
Proceeds from sales		216,371,193		44,401,059

NOTE 3 - FEES AND OTHER TRANSACTIONS WITH SERVICE PROVIDERS (INCLUDING AFFILIATES)

Davis Selected Advisers-NY, Inc. ("DSA-NY"), a wholly-owned subsidiary of the Adviser, acts as sub-adviser to the Funds. DSA-NY performs research and portfolio management services for the Funds under a Sub-Advisory Agreement with the Adviser. The Funds pay no fees directly to DSA-NY.

Certain directors and officers of the Funds are also directors and officers of the general partner of the Adviser.

As of October 31, 2016, a related shareholder's investment in Davis International Fund represents 83% of outstanding shares. Investment activities of this shareholder could have a material impact on the Fund.

Investment Advisory Fees and Reimbursement of Expenses - Advisory fees are paid monthly to the Adviser. The annual rate for each Fund is 0.55% of the average net assets. The Adviser is contractually committed to waive fees and/or reimburse the Funds' expenses to the extent necessary to cap total annual Fund operating expenses (Class A shares, 1.30%; Class B shares, 2.30%; Class C shares, 2.30%; Class Y shares, 1.05%). During the year ended October 31, 2016, such reimbursements for Class B shares of Davis Global Fund and Davis International Fund amounted to $835 and $2,654, respectively, and are not subject to future recoupment.

Transfer Agent and Accounting Fees - Boston Financial Data Services, Inc. is the Funds' primary transfer agent. State Street Bank and Trust Company ("State Street Bank") is the Funds' primary accounting provider. Fees for such services are included in the custodian fees as State Street Bank also serves as the Funds' custodian. The Adviser is also paid for certain transfer agent and accounting services.

	Year ended October 31, 2016
	Davis Global Fund		Davis International Fund
Transfer agent fees paid to Adviser	$	17,480	$	1,926
Accounting fees paid to Adviser		10,328		3,000

DAVIS GLOBAL FUND	Notes to Financial Statements – (Continued)
DAVIS INTERNATIONAL FUND	October 31, 2016

NOTE 3 - FEES AND OTHER TRANSACTIONS WITH SERVICE PROVIDERS (INCLUDING AFFILIATES) – (CONTINUED)

Distribution and Service Plan Fees - The Funds have adopted separate Distribution Plans ("12b-1 Plans") for Class A, Class B, and Class C shares. Under the 12b-1 Plans, the Funds reimburse Davis Distributors, LLC ("Distributor"), the Funds' Underwriter, for amounts paid to dealers as a service fee or commissions with respect to Class A shares sold by dealers, which remain outstanding during the period. The service fee is paid at an annual rate up to 0.25% of the average net assets maintained by the responsible dealers. Each of the Funds pays the Distributor a 12b-1 fee on Class B and Class C shares at an annual rate equal to the lesser of 1.25% of the average daily net asset value of Class B or Class C shares or the maximum amount provided by applicable rule or regulation of the Financial Industry Regulatory Authority, Inc., which currently is 1.00%. The Funds pay the 12b-1 fee on Class B and Class C shares in order: (i) to pay the Distributor distribution fees or commissions on Class B and Class C shares which have been sold and (ii) to enable the Distributor to pay service fees on Class B and Class C shares which have been sold.

	Year ended October 31, 2016
	Davis Global Fund		Davis International Fund
Distribution fees:
Class B	$	4,934	$	565
Class C		546,922		10,136
Service fees:
Class A		204,596		11,004
Class B		1,633		185
Class C		182,308		3,378

Sales Charges - Front-end sales charges and contingent deferred sales charges ("CDSC") do not represent expenses of the Funds. They are deducted from the proceeds from sales of Fund shares prior to investment or from redemption proceeds prior to remittance, as applicable.

Class A shares of the Funds are sold at net asset value plus a sales charge and are redeemed at net asset value. On purchases of $1 million or more, the sales charge will not be applied; however a CDSC of 0.50% may be imposed upon redemption if those shares are redeemed within the first year of purchase.

As of May 1, 2013, Class B shares are no longer offered for new purchases. Class B shares of the Funds are redeemed at net asset value. A CDSC is imposed upon redemption of certain Class B shares within six years of the original purchase. The charge is a declining percentage starting at 4.00% of the lesser of net asset value of the shares redeemed or the total cost of such shares.

Class C shares of the Funds are sold and redeemed at net asset value. A CDSC of 1.00% is imposed upon redemption of certain Class C shares within the first year of the original purchase.

The Distributor received commissions earned on sales of Class A shares of the Funds of which a portion was retained by the Distributor and the remaining was re-allowed to investment dealers. Commission advances by the Distributor on the sale of Class C shares of the Funds are re-allowed to qualified selling dealers.

	Year ended October 31, 2016
	Davis Global Fund		Davis International Fund
Class A commissions retained by Distributor	$	41,858	$	2,342
Class A commissions re-allowed to investment dealers		231,722		12,742
Total commissions earned on sales of Class A	$	273,580	$	15,084
Commission advances by the Distributor on the sale of:
Class C	$	136,462	$	1,145
CDSCs received by the Distributor from:
Class B		1,223		297
Class C		16,815		–

DAVIS GLOBAL FUND	Notes to Financial Statements – (Continued)
DAVIS INTERNATIONAL FUND	October 31, 2016

NOTE 4 - CAPITAL STOCK

At October 31, 2016, there were 3.5 billion shares of capital stock ($0.05 par value per share) authorized for Davis New York Venture Fund, Inc., of which 175 million shares each are designated to Davis Global Fund and Davis International Fund. As of May 1, 2013, Class B shares are no longer offered for new purchases. Transactions in capital stock were as follows:

	Year ended October 31, 2016
		Sold		Reinvestment of Distributions		Redeemed*		Net Increase (Decrease)
Davis Global Fund
Shares: Class A		1,716,163		276,361		(1,718,360)		274,164
Class B		2,526		2,595		(11,801)		(6,680)
Class C		1,907,835		217,144		(1,300,911)		824,068
Class Y		7,569,621		690,748		(4,622,386)		3,637,983
Value: Class A	$	31,379,894	$	4,963,448	$	(31,180,516)	$	5,162,826
Class B		42,510		43,831		(198,723)		(112,382)
Class C		33,120,349		3,730,544		(22,576,437)		14,274,456
Class Y		138,666,659		12,392,022		(81,705,694)		69,352,987

Davis International Fund
Shares: Class A		397,431		20,577		(291,555)		126,453
Class B		–		329		(6,622)		(6,293)
Class C		28,496		5,263		(61,770)		(28,011)
Class Y		461,508		365,101		(387,932)		438,677
Value: Class A	$	3,736,202	$	199,391	$	(2,563,263)	$	1,372,330
Class B		–		3,052		(60,415)		(57,363)
Class C		263,227		48,890		(555,863)		(243,746)
Class Y		4,397,271		3,490,366		(3,810,263)		4,077,374

* Davis Global Fund: net of redemption fees amounting to $1,986, $2,214, and $7,871, for Class A, Class C, and Class Y, respectively.

Davis International Fund: net of redemption fees amounting to $7 and $257, for Class A and Class Y, respectively.

	Year ended October 31, 2015
		Sold		Reinvestment of Distributions		Redeemed*		Net Increase (Decrease)
Davis Global Fund
Shares: Class A		2,491,861		28,785		(731,228)		1,789,418
Class B		18,390		394		(34,595)		(15,811)
Class C		2,274,701		14,653		(368,630)		1,920,724
Class Y		9,066,055		102,465		(4,816,074)		4,352,446
Value: Class A	$	48,123,412	$	525,894	$	(13,821,696)	$	34,827,610
Class B		336,523		6,875		(623,263)		(279,865)
Class C		42,297,972		258,769		(6,710,421)		35,846,320
Class Y		173,461,333		1,866,921		(88,484,143)		86,844,111

Davis International Fund
Shares: Class A		220,605		2,486		(141,853)		81,238
Class B		1,734		–		(1,792)		(58)
Class C		79,928		–		(6,107)		73,821
Class Y		2,985,494		48,538		(165,210)		2,868,822
Value: Class A	$	2,322,963	$	25,332	$	(1,517,013)	$	831,282
Class B		18,161		–		(18,083)		78
Class C		813,406		–		(59,782)		753,624
Class Y		30,623,391		488,295		(1,774,304)		29,337,382

*	Davis Global Fund: net of redemption fees amounting to $16,343, $166, $1,253, and $11,627, for Class A, Class B, Class C, and Class Y, respectively. Davis International Fund: net of redemption fees amounting to $190 and $2,259, for Class A and Class Y, respectively.

NOTE 5 - BANK BORROWINGS

Each Fund may borrow up to 5% of its assets from a bank to purchase portfolio securities, or for temporary and emergency purposes. The purchase of securities with borrowed funds creates leverage in the Fund. Each Fund has entered into an agreement, which enables it to participate with certain other funds managed by the Adviser in an unsecured line of credit with a bank, which permits borrowings of up to $50 million, collectively. Interest is charged based on its borrowings, at a rate equal to the higher of the Federal Funds Rate or the one month LIBOR Rate, plus 1.25%. The Funds had no borrowings during the year ended October 31, 2016.

DAVIS GLOBAL FUND	Notes to Financial Statements – (Continued)
DAVIS INTERNATIONAL FUND	October 31, 2016

NOTE 6 - SECURITIES LOANED

The Funds have entered into a securities lending arrangement with State Street Bank. Under the terms of the agreement, the Funds receive fee income from lending transactions; in exchange for such fees, State Street Bank is authorized to loan securities on behalf of the Funds, against receipt of collateral at least equal to the value of the securities loaned. As of October 31, 2016, the Funds did not have any securities on loan. The Funds bear the risk of any deficiency in the amount of the collateral available for return to a borrower due to a loss in an approved investment.

NOTE 7 - RESTRICTED SECURITIES

Restricted securities are not registered under the Securities Act of 1933 and may have contractual restrictions on resale. They are fair valued under methods approved by the Board of Directors. The aggregate value of restricted securities in Davis Global Fund amounted to $36,008,753 or 7.42% of the Fund's net assets as of October 31, 2016. The aggregate value of restricted securities in Davis International Fund amounted to $9,336,521 or 9.20% of the Fund's net assets as of October 31, 2016. Information regarding restricted securities is as follows:

Fund	Security	Initial Acquisition Date	Units/ Shares	Cost per Unit/ Share		Valuation per Unit/ Share as of October 31, 2016

Davis Global Fund	ASAC II L.P.	10/10/13	35,352	$	1.00	$	0.9698
Davis Global Fund	Didi Chuxing Joint Co., Series A, Pfd.	07/27/15	479,462	$	28.7714	$	38.2271
Davis Global Fund	Grab Inc., Series F, Pfd.	08/24/16	2,398,770	$	4.8191	$	4.8191
Davis Global Fund	Internet Plus Holdings, Ltd., Series A-10, Pfd.	01/29/15	1,630,518	$	3.0921	$	3.7327
Davis International Fund	Didi Chuxing Joint Co., Series A, Pfd.	07/27/15	128,505	$	28.6887	$	38.2271
Davis International Fund	Grab Inc., Series F, Pfd.	08/24/16	549,889	$	4.8191	$	4.8191
Davis International Fund	Internet Plus Holdings, Ltd., Series A-10, Pfd.	01/29/15	475,314	$	3.0921	$	3.7327

DAVIS GLOBAL FUND

DAVIS INTERNATIONAL FUND

The following financial information represents selected data for each share of capital stock outstanding throughout each period:

		Income (Loss) from Investment Operations
	Net Asset Value, Beginning of Period	Net Investment Income (Loss)^a	Net Realized and Unrealized Gains (Losses)	Total from Investment Operations
Davis Global Fund Class A:
Year ended October 31, 2016	$19.11	$(0.02)	$1.18	$1.16
Year ended October 31, 2015	$19.08	$0.01	$0.18	$0.19
Year ended October 31, 2014	$16.93	$0.06	$2.17	$2.23
Year ended October 31, 2013	$12.90	$0.08	$4.12	$4.20
Year ended October 31, 2012	$12.25	$0.06	$0.63	$0.69
Davis Global Fund Class B:
Year ended October 31, 2016	$18.06	$(0.25)	$1.11	$0.86
Year ended October 31, 2015	$18.26	$(0.27)	$0.21	$(0.06)
Year ended October 31, 2014	$16.35	$(0.17)	$2.08	$1.91
Year ended October 31, 2013	$12.47	$(0.11)	$4.00	$3.89
Year ended October 31, 2012	$11.96	$(0.09)	$0.60	$0.51
Davis Global Fund Class C:
Year ended October 31, 2016	$18.33	$(0.16)	$1.13	$0.97
Year ended October 31, 2015	$18.44	$(0.13)	$0.16	$0.03
Year ended October 31, 2014	$16.44	$(0.11)	$2.11	$2.00
Year ended October 31, 2013	$12.54	$(0.06)	$4.01	$3.95
Year ended October 31, 2012	$11.99	$(0.06)	$0.61	$0.55
Davis Global Fund Class Y:
Year ended October 31, 2016	$19.09	$0.02	$1.20	$1.22
Year ended October 31, 2015	$19.07	$0.05	$0.18	$0.23
Year ended October 31, 2014	$16.91	$0.11	$2.16	$2.27
Year ended October 31, 2013	$12.89	$0.12	$4.11	$4.23
Year ended October 31, 2012	$12.24	$0.09	$0.63	$0.72
Davis International Fund Class A:
Year ended October 31, 2016	$10.33	$0.01	$0.02	$0.03
Year ended October 31, 2015	$10.61	$0.04	$(0.28)	$(0.24)
Year ended October 31, 2014	$10.18	$0.06	$0.41	$0.47
Year ended October 31, 2013	$8.30	$0.05	$1.94	$1.99
Year ended October 31, 2012	$8.02	$0.05	$0.37	$0.42
Davis International Fund Class B:
Year ended October 31, 2016	$9.88	$(0.10)	$0.01	$(0.09)
Year ended October 31, 2015	$10.22	$(0.08)	$(0.26)	$(0.34)
Year ended October 31, 2014	$9.89	$(0.07)	$0.40	$0.33
Year ended October 31, 2013	$8.07	$(0.03)	$1.88	$1.85
Year ended October 31, 2012	$7.74	$(0.04)	$0.37	$0.33

Financial Highlights

Dividends and Distributions							Ratios to Average Net Assets
Dividends from Net Investment Income	Distributions from Realized Gains	Return of Capital	Total Distributions	Net Asset Value, End of Period	Total Return^b	Net Assets, End of Period (in thousands)	Gross Expense Ratio	Net Expense Ratio^c	Net Investment Income (Loss) Ratio	Portfolio Turnover^d

$–	$(1.09)	$–	$(1.09)	$19.18	6.46%	$101,504	0.97%	0.97%	(0.13)%	53%
$(0.02)	$(0.14)	$–	$(0.16)	$19.11	1.05%	$95,856	0.97%	0.97%	0.05%	35%
$(0.08)	$–	$–	$(0.08)	$19.08	13.18%	$61,577	0.96%	0.96%	0.32%	33%
$(0.17)	$–	$–	$(0.17)	$16.93	32.86%	$39,792	0.97%	0.97%	0.56%	30%
$(0.04)	$–	$–	$(0.04)	$12.90	5.63%	$30,826	1.05%	1.05%	0.46%	43%

$–	$(1.09)	$–	$(1.09)	$17.83	5.10%	$614	2.43%	2.30%	(1.46)%	53%
$–	$(0.14)	$–	$(0.14)	$18.06	(0.29)%	$743	2.36%	2.30%	(1.28)%	35%
$–	$–	$–	$–	$18.26	11.68%	$1,040	2.26%	2.26%	(0.98)%	33%
$(0.01)	$–	$–	$(0.01)	$16.35	31.17%	$1,459	2.39%	2.30%	(0.77)%	30%
$–	$–	$–	$–	$12.47	4.26%	$1,509	2.41%	2.30%	(0.79)%	43%

$–	$(1.09)	$–	$(1.09)	$18.21	5.65%	$78,259	1.77%	1.77%	(0.93)%	53%
$–	$(0.14)	$–	$(0.14)	$18.33	0.20%	$63,663	1.80%	1.80%	(0.78)%	35%
$–	$–	$–	$–	$18.44	12.17%	$28,619	1.83%	1.83%	(0.55)%	33%
$(0.05)	$–	$–	$(0.05)	$16.44	31.55%	$8,716	1.94%	1.94%	(0.41)%	30%
$–	$–	$–	$–	$12.54	4.59%	$7,718	1.99%	1.99%	(0.48)%	43%

$(0.02)	$(1.09)	$–	$(1.11)	$19.20	6.78%	$304,754	0.72%	0.72%	0.12%	53%
$(0.07)	$(0.14)	$–	$(0.21)	$19.09	1.28%	$233,586	0.73%	0.73%	0.29%	35%
$(0.11)	$–	$–	$(0.11)	$19.07	13.51%	$150,342	0.69%	0.69%	0.59%	33%
$(0.21)	$–	$–	$(0.21)	$16.91	33.18%	$99,180	0.72%	0.72%	0.81%	30%
$(0.07)	$–	$–	$(0.07)	$12.89	5.96%	$85,802	0.75%	0.75%	0.76%	43%

$(0.04)	$(0.33)	$–	$(0.37)	$9.99	0.35%	$8,526	1.04%	1.04%	0.10%	47%
$(0.04)	$–	$–	$(0.04)	$10.33	(2.25)%	$7,510	1.14%	1.14%	0.45%	23%
$(0.04)	$–	$–	$(0.04)	$10.61	4.66%	$6,852	1.17%	1.17%	0.46%	44%
$(0.11)	$–	$–	$(0.11)	$10.18	24.22%	$4,497	1.28%	1.28%	0.49%	12%
$(0.14)	$–	$–	$(0.14)	$8.30	5.39%	$3,387	1.37%	1.30%	0.55%	8%

$–	$(0.33)	$–	$(0.33)	$9.46	(0.90)%	$45	5.82%	2.30%	(1.16)%	47%
$–	$–	$–	$–	$9.88	(3.33)%	$110	4.69%	2.30%	(0.71)%	23%
$–	$–	$–	$–	$10.22	3.34%	$114	4.27%	2.30%	(0.67)%	44%
$(0.03)	$–	$–	$(0.03)	$9.89	22.96%	$126	4.27%	2.30%	(0.53)%	12%
$–	$–	$–	$–	$8.07	4.26%	$110	4.40%	2.30%	(0.45)%	8%

DAVIS GLOBAL FUND

DAVIS INTERNATIONAL FUND

The following financial information represents selected data for each share of capital stock outstanding throughout each period:

			Income (Loss) from Investment Operations
		Net Asset Value, Beginning of Period	Net Investment Income (Loss)^a	Net Realized and Unrealized Gains (Losses)	Total from Investment Operations
Davis International Fund Class C:
Year ended October 31, 2016		$9.89	$(0.09)	$0.01	$(0.08)
Year ended October 31, 2015		$10.22	$(0.06)	$(0.27)	$(0.33)
Year ended October 31, 2014		$9.89	$(0.08)	$0.41	$0.33
Year ended October 31, 2013		$8.06	$(0.06)	$1.92	$1.86
Year ended October 31, 2012		$7.73	$(0.04)	$0.37	$0.33
Davis International Fund Class Y:
Year ended October 31, 2016		$10.23	$0.03	$0.02	$0.05
Year ended October 31, 2015		$10.50	$0.08	$(0.27)	$(0.19)
Year ended October 31, 2014		$10.09	$0.09	$0.40	$0.49
Year ended October 31, 2013		$8.22	$0.08	$1.93	$2.01
Year ended October 31, 2012		$7.89	$0.08	$0.37	$0.45

^a	Per share calculations were based on average shares outstanding for the period.

^b	Assumes hypothetical initial investment on the business day before the first day of the fiscal period, with all dividends and distributions reinvested in additional shares on the reinvestment date, and redemption at the net asset value calculated on the last business day of the fiscal period. Sales charges are not reflected in the total returns.

Financial Highlights – (Continued)

Dividends and Distributions							Ratios to Average Net Assets
Dividends from Net Investment Income	Distributions from Realized Gains	Return of Capital	Total Distributions	Net Asset Value, End of Period	Total Return^b	Net Assets, End of Period (in thousands)	Gross Expense Ratio	Net Expense Ratio^c	Net Investment Income (Loss) Ratio	Portfolio Turnover^d

$–	$(0.33)	$–	$(0.33)	$9.48	(0.79)%	$1,227	2.14%	2.14%	(1.00)%	47%
$–	$–	$–	$–	$9.89	(3.23)%	$1,556	2.18%	2.18%	(0.59)%	23%
$–	$–	$–	$–	$10.22	3.34%	$854	2.55%	2.30%	(0.67)%	44%
$(0.03)	$–	$–	$(0.03)	$9.89	23.11%	$365	3.27%	2.30%	(0.53)%	12%
$–	$–	$–	$–	$8.06	4.27%	$233	3.88%	2.30%	(0.45)%	8%

$(0.07)	$(0.33)	$–	$(0.40)	$9.88	0.60%	$91,734	0.78%	0.78%	0.36%	47%
$(0.08)	$–	$–	$(0.08)	$10.23	(1.84)%	$90,466	0.80%	0.80%	0.79%	23%
$(0.08)	$–	$–	$(0.08)	$10.50	4.93%	$62,787	0.82%	0.82%	0.81%	44%
$(0.14)	$–	$–	$(0.14)	$10.09	24.79%	$58,343	0.85%	0.85%	0.92%	12%
$(0.12)	$–	$–	$(0.12)	$8.22	5.80%	$46,794	0.90%	0.90%	0.95%	8%

^c	The ratios in this column reflect the impact, if any, of the reduction of expenses paid indirectly and of certain reimbursements from the Adviser.

^d	The lesser of purchases or sales of portfolio securities for a period, divided by the monthly average of the market value of portfolio securities owned during the period. Securities with a maturity or expiration date at the time of acquisition of one year or less are excluded from the calculation.

See Notes to Financial Statements

DAVIS GLOBAL FUND	Report of Independent Registered Public Accounting Firm
DAVIS INTERNATIONAL FUND

The Shareholders and Board of Directors

Davis New York Venture Fund, Inc.:

We have audited the accompanying statements of assets and liabilities of Davis Global Fund and Davis International Fund (each a series comprising Davis New York Venture Fund, Inc.), including the schedules of investments, as of October 31, 2016, and the related statements of operations for the year then ended, the statements of changes in net assets for each of the years in the two-year period then ended, and the financial highlights for each of the years in the five-year period then ended. These financial statements and financial highlights are the responsibility of the Funds' management. Our responsibility is to express an opinion on these fi-nancial statements and financial highlights based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. Our procedures included confirmation of securities owned as of October 31, 2016, by correspondence with the custodian and brokers or by other appropriate auditing procedures. An audit also includes assessing the accounting principles used and signifi-cant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements and financial highlights referred to above present fairly, in all material respects, the financial position of Davis Global Fund and Davis International Fund as of October 31, 2016, the results of their operations for the year then ended, the changes in their net assets for each of the years in the two-year period then ended, and the financial highlights for each of the years in the five-year period then ended, in conformity with U.S. generally accepted accounting principles.

KPMG LLP

Denver, Colorado

December 20, 2016

DAVIS GLOBAL FUND	Federal Income Tax Information (Unaudited)
DAVIS INTERNATIONAL FUND

In early 2017 shareholders will receive information regarding all dividends and distributions paid to them by the Funds during the calendar year 2016. Regulations of the U.S. Treasury Department require the Funds to report this information to the Internal Revenue Service.

The information and distributions reported herein may differ from the information reported as distributions taxable to certain shareholders for the calendar year 2016 with their 2016 Form 1099-DIV.

The information is presented to assist shareholders in reporting distributions received from the Funds to the Internal Revenue Service. Because of the complexity of the federal regulations that may affect your individual tax return and the many variations in state and local regulations, we recommend that you consult your tax adviser for specific guidance.

The Funds have elected to give the benefit of foreign tax credits to their shareholders. Accordingly, shareholders who must report their gross income dividends and distributions in a federal tax return will be entitled to a foreign tax credit, or an itemized deduction, in computing their U.S. income tax liability. It is generally more advantageous to claim a credit rather than to take a deduction.

Davis Global Fund

During the fiscal year 2016, $6,363,328 of dividends paid by the Fund constituted income dividends for federal income tax purposes. The Fund designates $475,977 or 7% as income qualifying for the corporate dividends-received deduction.

For the fiscal year 2016, certain dividends paid by the Fund constitute qualified dividend income for federal income tax purposes. The Fund designates $2,803,046 or 44% as qualified dividend income.

During the fiscal year 2016, the Fund paid long-term capital gain distributions in the amount of $16,104,101.

Davis International Fund

During the fiscal year 2016, $694,100 of dividends paid by the Fund constituted income dividends for federal income tax purposes, of which no amount qualified for the corporate dividends-received deduction.

For the fiscal year 2016, certain dividends paid by the Fund constitute qualified dividend income for federal income tax purposes. The Fund designates $694,100 or 100% as qualified dividend income.

During the fiscal year 2016, the Fund paid long-term capital gain distributions in the amount of $3,147,188.

Pursuant to Section 853 of the Internal Revenue Code, Davis International Fund designates $79,068 as foreign taxes paid during the year ended October 31, 2016. Approximately 100% of the ordinary income distribution deemed to be paid during the fiscal year ended October 31, 2016 was derived from foreign sourced income of $1,190,667. The Fund did not derive any income from ineligible foreign sources as defined under Section 901(j) of the Internal Revenue Code. Foreign taxes paid for purposes of Section 853 may be less than actual foreign taxes paid for financial statement purposes.

DAVIS GLOBAL FUND	Privacy Notice and Householding
DAVIS INTERNATIONAL FUND

Privacy Notice

While you generally will be dealing with a broker-dealer or other financial adviser, we may collect information about you from your account application and other forms that you may deliver to us. We use this information to process your requests and transactions; for example, to provide you with additional information about our Funds, to open an account for you, or to process a transaction. In order to service your account and execute your transactions, we may provide your personal information to firms that assist us in servicing your account, such as our transfer agent. We may also provide your name and address to one of our agents for the purpose of mailing to you your account statement and other information about our products and services. We may also gather information through the use of "cookies" when you visit our website. These files help us to recognize repeat visitors and allow easy access to and use of the website. We require these outside firms and agents to protect the confidentiality of your information and to use the information only for the purpose for which the disclosure is made. We do not provide customer names and addresses to outside firms, organizations, or individuals except in furtherance of our business relationship with you or as otherwise allowed by law.

We restrict access to nonpublic personal information about you to those employees who need to know that information to provide products or services to you. We maintain physical, electronic, and procedural safeguards that comply with federal standards to guard your personal information.

Householding

To avoid sending duplicate copies of materials to households, the Funds will mail only one copy of each prospectus, Annual, and Semi-Annual Report to shareholders having the same last name and address on the Funds' records. The consolidation of these mailings, called householding, benefits the Funds through reduced mailing expense. If you do not want the mailing of these documents to be combined with those to other members of your household, please contact the Davis Funds by phone at 1-800-279-0279. Individual copies of current prospectuses and reports will be sent to you within 30 days after the Funds receive your request to stop householding.

DAVIS GLOBAL FUND	Directors and Officers
DAVIS INTERNATIONAL FUND

For the purposes of their service as directors to the Davis Funds, the business address for each of the directors is 2949 E. Elvira Road, Suite 101, Tucson, AZ 85756. Each Director serves until their retirement, resignation, death, or removal. Subject to exceptions and exemptions, which may be granted by the Independent Directors, Directors must retire at the close of business on the last day of the calendar year in which the Director attains age seventy-eight (78).

Name (birthdate)	Position(s) Held With Fund	Term of Office and Length of Time Served	Principal Occupation(s) During Past Five Years	Number of Portfolios in Fund Complex Overseen by Director	Other Directorships Held by Director

Independent Directors


Marc P. Blum (09/09/42)	Director	Director since 1986	Chief Executive Officer, World Total Return Fund, LLLP; of Counsel to Gordon Feinblatt LLC (law firm).	13	Director, Rodney Trust Company (trust and asset management company).

John S. Gates, Jr. (08/02/53)	Director	Director since 2007	Chairman and Chief Executive Officer of PortaeCo LLC (private investment company).	13	Director, Care Capital Properties (REIT); Trustee, DCT Industrial Trust (REIT).

Thomas S. Gayner (12/16/61)	Director/ Chairman	Director since 2004	Co-CEO, Markel Corp. (diversified financial holding company).	13	Director, Graham Holdings Company (educational and media company); Director, Colfax Corp. (engineering and manufacturer of pumps and fluid handling equipment); Director, Cable ONE Inc. (cable service provider).

Samuel H. Iapalucci (07/19/52)	Director	Director since 2006	Retired; Executive Vice President and Chief Financial Officer, CH2M- HILL Companies, Ltd. (engineering) until 2008.	13	none

Robert P. Morgenthau (03/22/57)	Director	Director since 2002	Principal, Spears Abacus Advisors, LLC (investment management firm) since 2011; Chairman, NorthRoad Capital Management, LLC (investment management firm) 2002-2011.	13	none

Marsha Williams (03/28/51)	Director	Director since 1999	Retired; Senior Vice President and Chief Financial Officer, Orbitz Worldwide, Inc. (travel-service provider) 2007-2010.	13	Lead Director, Modine Manufacturing Company (heat transfer technology); Director, Chicago Bridge & Iron Company, N.V. (industrial construction and engineering); Chairman/Director, Fifth Third Bancorp (diversified financial services).

DAVIS GLOBAL FUND	Directors and Officers – (Continued)
DAVIS INTERNATIONAL FUND

Name (birthdate)	Position(s) Held With Fund	Term of Office and Length of Time Served	Principal Occupation(s) During Past Five Years	Number of Portfolios in Fund Complex Overseen by Director	Other Directorships Held by Director

Interested Directors*


Andrew A. Davis (06/25/63)	Director	Director since 1997	President or Vice President of each Davis Fund and Selected Fund; President, Davis Selected Advisers, L.P., and also serves as an executive officer of certain companies affiliated with the Adviser.	16	Director, Selected Funds (consisting of two portfolios) since 1998; Trustee of Clipper Funds Trust (consisting of one portfolio) since 2014.

Christopher C. Davis (07/13/65)	Director	Director since 1997	President or Vice President of each Davis Fund, Selected Fund, and Clipper Fund; Chairman, Davis Selected Advisers, L.P., and also serves as an executive officer of certain companies affiliated with the Adviser, including sole member of the Adviser's general partner, Davis Investments, LLC; Employee of Shelby Cullom Davis & Co. (registered broker/dealer).	16	Director, Selected Funds (consisting of two portfolios) since 1998; Trustee of Clipper Funds Trust (consisting of one portfolio) since 2014; Director, Graham Holdings Company (educational and media company).

* Andrew A. Davis and Christopher C. Davis own partnership units (directly, indirectly, or both) of the Adviser and are considered to be "interested persons" of the Funds as defined in the Investment Company Act of 1940. Andrew A. Davis and Christopher C. Davis are brothers.

Officers

Andrew A. Davis (born 06/25/63, Davis Funds officer since 1997). See description in the section on Interested Directors.

Christopher C. Davis (born 07/13/65, Davis Funds officer since 1997). See description in the section on Interested Directors.

Kenneth C. Eich (born 08/14/53, Davis Funds officer since 1997). Executive Vice President and Principal Executive Officer of each of the Davis Funds (consisting of 13 portfolios), Selected Funds (consisting of two portfolios), and Clipper Funds Trust (consisting of one portfolio); Chief Operating Officer, Davis Selected Advisers, L.P., and also serves as an executive officer of certain companies affiliated with the Adviser.

Douglas A. Haines (born 03/04/71, Davis Funds officer since 2004). Vice President, Treasurer, Chief Financial Officer, Principal Financial Officer, and Principal Accounting Officer of each of the Davis Funds (consisting of 13 portfolios), Selected Funds (consisting of two portfolios), and Clipper Funds Trust (consisting of one portfolio); Vice President and Director of Fund Accounting, Davis Selected Advisers, L.P.

Sharra L. Haynes (born 09/25/66, Davis Funds officer since 1997). Vice President and Chief Compliance Officer of each of the Davis Funds (consisting of 13 portfolios), Selected Funds (consisting of two portfolios), and Clipper Funds Trust (consisting of one portfolio); Vice President and Chief Compliance Officer, Davis Selected Advisers, L.P., and also serves as an executive officer of certain companies affiliated with the Adviser.

Ryan M. Charles (born 07/25/78, Davis Funds officer since 2014). Vice President and Secretary of each of the Davis Funds (consisting of 13 portfolios), Selected Funds (consisting of two portfolios), and Clipper Funds Trust (consisting of one portfolio); Vice President, Chief Legal Officer, and Secretary, Davis Selected Advisers, L.P., and also serves as an executive officer of certain companies affiliated with the Adviser.

DAVIS GLOBAL FUND

DAVIS INTERNATIONAL FUND

Investment Adviser

Davis Selected Advisers, L.P. (Doing business as "Davis Advisors")

2949 East Elvira Road, Suite 101

Tucson, Arizona 85756

(800) 279-0279

Distributor

Davis Distributors, LLC

2949 East Elvira Road, Suite 101

Tucson, Arizona 85756

Transfer Agent

Boston Financial Data Services, Inc.

c/o The Davis Funds

P.O. Box 8406

Boston, Massachusetts 02266-8406

Overnight Address:

30 Dan Road

Canton, Massachusetts 02021-2809

Custodian

State Street Bank and Trust Co.

One Lincoln Street

Boston, Massachusetts 02111

Counsel

Greenberg Traurig, LLP

77 West Wacker Drive, Suite 3100

Chicago, Illinois 60601

Independent Registered Public Accounting Firm

KPMG LLP

1225 Seventeenth Street, Suite 800

Denver, Colorado 80202

For more information about Davis Global Fund and Davis International Fund, including management fee, charges, and expenses, see the current prospectus, which must precede or accompany this report. The Funds' Statement of Additional Information contains additional information about the Funds' Directors and is available without charge, upon request, by calling 1-800-279-0279 and on the Funds' website at www.davisfunds.com. Quarterly Fact Sheets are available on the Funds' website at www.davisfunds.com.

ITEM 2. CODE OF ETHICS

The registrant has adopted a code of ethics that applies to the registrant's principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions.

A copy of the code of ethics is filed as an exhibit to this form N-CSR.

ITEM 3. AUDIT COMMITTEE FINANCIAL EXPERT

The registrant's board of directors has determined that independent trustee Marsha Williams qualifies as the "audit committee financial expert", as defined in Item 3 of form N-CSR.

ITEM 4. PRINCIPAL ACCOUNTANT FEES AND SERVICES

(a)	Audit Fees. The aggregate Audit Fees billed by KPMP LLP ("KPMG") for professional services rendered for the audits of the audits of the financial statements, or services that are normally provided in connection with statutory and regulatory filings or engagements for the fiscal year ends October 31, 2016 and October 31, 2015 were $40,185 and $41,040, respectively.

(b)	Audit-Related Fees. The aggregate Audit-Related Fees billed by KPMG for services rendered for assurance and related services that are not reasonably related to the performance of the audit or review of the fund financial statements, but not reported as Audit Fees for fiscal year ends October 31, 2016 and October 31, 2015 were $0 and $0, respectively.

(c)	Tax Fees. The aggregate Tax Fees billed by KPMG for professional services rendered for tax compliance, tax advice and tax planning for the fiscal year ends October 31, 2016 and October 31, 2015 were $15,729 and $15,142, respectively. Fees included in the Tax Fee category comprise all services performed by professional staff in the independent accountant's tax division except those services related to the audit. These services include preparation of tax returns, tax advice related to mergers and a review of the fund income and capital gain distributions.

(d)	All Other Fees. The aggregate Other Fees billed by KPMG for all other non-audit services rendered to the fund for the fiscal year ends October 31, 2016 and October 31, 2015 were $25 and $0, respectively.

(e)(1)	Audit Committee Pre-Approval Policies and Procedures. The fund Audit Committee must pre-approve all audit and non-audit services provided by the independent accountant relating to the operations or financial reporting of the funds. Prior to the commencement of any audit or non-audit services to a fund, the Audit Committee reviews the services to determine whether they are appropriate and permissible under applicable law. The fund Audit Committee has adopted a policy whereby audit and non-audit services performed by the fund independent accountant require pre-approval in advance at regularly scheduled Audit Committee meetings. If such a service is required between regularly scheduled Audit Committee meetings, pre-approval may be authorized by the Audit Committee Chairperson with ratification at the next scheduled audit committee meeting.

(2)	No services included in (b) – (d) above were approved pursuant to paragraph (c)(7)(i)(C) of Rule 2-01 of Regulation S-X.

(f)	Not applicable

(g)	The Funds' independent accountant did not provide any services to the investment advisor or any affiliate for the fiscal years ended October 31, 2016 and October 31, 2015. The fund has not paid any fees for non-audit not previously disclosed in items 4 (b) – (d).

(h)	The registrant's audit committee of the board of trustees has considered whether the provision of non-audit services that were rendered to the registrant's investment adviser, and any entity controlling, controlled by, or under common control with the investment adviser that provides ongoing services to the registrant that not pre-approved pursuant to paragraph (c)(7)(ii) of Rule 2-01 of Regulation S-X is compatible with maintaining the principal accountant's independence. No such services were rendered.

ITEM 5. AUDIT COMMITTEE OF LISTED REGISTRANTS

Not Applicable

ITEM 6. SCHEDULE OF INVESTMENTS

Not Applicable. The complete Schedule of Investments is included in Item 1 of this for N-CSR

ITEM 7. DISCLOSURE OF PROXY VOTING POLICIES AND PROCEDURES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES

Not Applicable

ITEM 8. PORTFOLIO MANAGERS OF CLOSED-END MANAGEMENT INVESTMENT COMPANIES

Not Applicable

ITEM 9. PURCHASES OF EQUITY SECURITIES BY CLOSED-END MANAGEMENT INVESTMENT COMPANIES AND AFFILIATED PURCHASERS

Not Applicable

ITEM 10. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

There have been no changes to the procedure by which shareholders may recommend nominees to the registrant's Board of Trustees.

ITEM 11. CONTROLS AND PROCUDURES

(a)	The registrant's principal executive officer and principal financial officer have concluded that the registrant's disclosure controls and procedures (as defined in Rule 30a-2 (c) under the Investment Company Act of 1940, as amended) are effective as of a date within 90 days of the filing date of this report.

(b)	There have been no significant changes in the registrant's internal controls or in other factors that could significantly affect these controls.

ITEM 12. EXHIBITS

(a)(1)	The registrant's code of ethics pursuant to Item 2 of Form N-CSR is filed as an exhibit to this form N-CSR.

(a)(2)	Certifications pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 are attached.

(a)(3)	Not applicable

(b)	Certifications pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 are attached.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

DAVIS NEW YORK VENTURE FUND, INC.

By	/s/ Kenneth C. Eich
	Kenneth C. Eich
	Principal Executive Officer

Date: December 20, 2016

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By	/s/ Kenneth C. Eich
	Kenneth C. Eich
	Principal Executive Officer

Date: December 20, 2016

By	/s/ Douglas A. Haines
	Douglas A. Haines
	Principal Financial Officer

Date: December 20, 2016