UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM N-CSR

CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number 811-01701

DAVIS NEW YORK VENTURE FUND, INC.

(Exact name of registrant as specified in charter)

2949 East Elvira Road, Suite 101

Tucson, AZ 85756

(Address of principal executive offices)

Lisa J. Cohen

Davis Selected Advisers, L.P.

2949 East Elvira Road, Suite 101

Tucson, AZ 85756

(Name and address of agent for service)

Registrant’s telephone number, including area code: 520-806-7600

Date of fiscal year end: October 31, 2021

Date of reporting period: October 31, 2021

____________________

ITEM 1. REPORT TO STOCKHOLDERS

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	9

Expense Example	11

Schedule of Investments:
Davis Global Fund	12
Davis International Fund	15

Statements of Assets and Liabilities	18

Statements of Operations	19

Statements of Changes in Net Assets	20

Notes to Financial Statements	22

Financial Highlights	31

Report of Independent Registered Public Accounting Firm	33

Federal Income Tax Information	34

Liquidity Risk Management Program	35

Privacy Notice and Householding	36

Directors and Officers	37

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

Shares of the Funds 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.

Quarterly Schedule of Investments

The Funds file their complete schedule of investments with the SEC on Form N-CSR (as of the end of the second and fourth quarters) and on Form N-PORT Part F (as of the end of the first and third quarters). The Funds’ Forms N-CSR (Annual and Semi-Annual Reports) and N-PORT Part F are 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. A list of the Funds’ quarter-end holdings is also available at www.davisfunds.com on or about the 15^th day following each quarter end and remains available on the website until the list is updated for the subsequent quarter.

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 value the trust you have placed in us and look forward to continuing our investment journey together.

Sincerely,


Christopher C. Davis	Danton G. Goei
President	Portfolio Manager


December 3, 2021

DAVIS GLOBAL FUND

Management’s Discussion of Fund Performance

Performance Overview

Davis Global Fund underperformed the Morgan Stanley Capital International All Country World Index (“MSCI” or the “Index”) for the twelve-month period ended October 31, 2021 (the “period”). The Fund’s Class A shares delivered a total return on net asset value of 15.75%, versus a 37.28% return for the MSCI. The sectors¹ within the MSCI that reported the strongest performance were Energy (up 87%), Financials (up 58%), and Information Technology (up 47%). The sectors within the MSCI that reported the weakest performance were Utilities (up 14%), Consumer Staples (up 18%), and Consumer Discretionary (up 29%).

Detractors from Performance

The Fund held a large position in Consumer Discretionary companies. These holdings were the top detractor² from Fund performance both on an absolute basis and relative to the Index. The Fund’s holdings underperformed those of the Index (down 38%, versus up 29%) and the Fund was significantly overweight in this sector (average weighting of 31%, versus 13%). Of the top ten detractors during the period, four came from the Consumer Discretionary sector including two companies providing education services in China, New Oriental Education & Technology Group³ (down 86%) and TAL Education Group (down 89%). The Fund completely liquidated its positions in New Oriental Education & Technology and TAL Education Group after the Chinese government placed new regulations on these companies related to after-school tutoring and private educational services, one of which is mandating that they must now be registered as non-profit organizations. Alibaba (down 46%) and Vroom (down 44%) were the additional top detractors from this sector. The Fund initiated a positon in Vroom in March 2021.

The Fund’s Consumer Staples holdings were an important detractor from performance on both an absolute and relative basis. The Fund’s holdings underperformed those of the Index (down 60%, versus up 18%) but a very small average weighting (less than 1%, versus 7% for the Index) in this lesser performing sector somewhat offset the impact from the weaker stock selection. Missfresh, a Chinese online grocery retailer, was a company the Fund held private equity shares of during the period. Missfresh completed its initial public offering (“IPO”) in June 2021. Previously classified in Consumer Discretionary, Missfresh moved to Consumer Staples at the time of IPO and subsequent performance (down 74%) was the primary reason Consumer Staples was a detractor from performance. Missfresh, including its pre-IPO performance, decreased 76% during the period.

The Fund’s performance was also hindered as a result of its weaker performing Health Care holdings. The Fund’s holdings were down 7%, versus up 29% for the Index. Viatris (down 21%), a new purchase during the period, was a key detractor. The Fund also had no exposure in Energy, the highest performing sector of the MSCI, and relative performance suffered as a result.

The Fund held private equity shares of China ride hailing company Didi Chuxing, an Industrials company. In June 2021, the company was renamed DiDi Global and shortly thereafter completed its IPO. DiDi Global was a top detractor from performance primarily due to its performance subsequent to the IPO. Including its pre-IPO performance, DiDi Global decreased 17% during the period. Additional individual detractors from performance were Ping An Insurance (down 19%), iQIYI (down 46%), and Samsung Electronics (down 15%), all new purchases during the period.

The Fund had an average weighting of 28% of net assets in Chinese securities and these holdings were down 43% during the period.

Contributors to Performance

The Fund’s largest weighting was in Financials (average weight of 34%, compared to the Index’s 15%), one of the higher performing Index sectors during the period. These holdings were the most significant contributor to both absolute and relative performance. The Fund’s holdings outperformed those of the Index (up 71%, versus up 58%). Of the top ten contributors during the period, five were from the Financials sector. Wells Fargo (up 142%) was the top contributor during the period. Other contributors included Capital One Financial (up 110%), DNB Bank (up 57%), DBS Group Holdings (up 62%), and Julius Baer Group (up 70%). Wells Fargo, DBS Group Holdings, and Capital One Financial were all top ten holdings at the end of the period, representing 8.25%, 5.78%, and 3.78% of net assets, respectively. The Fund no longer owns DNB Bank.

The Fund’s holdings in the Communication Services sector was also beneficial to performance on both an absolute and relative basis. The Fund’s Communication Services holdings outperformed those of the Index (up 53%, versus up 29%). Alphabet (up 83%), the parent company of Google, continued to be a large holding at the end of the period, representing 4.55% of net assets. IAC/InterActiveCorp (up 87%) was also a strong performer.

The Fund’s Information Technology position was a key performer. The Fund’s holdings outperformed those of the Index (up 83%, versus up 47%). Applied Materials (up 133%) and Hollysys Automation Technologies (up 78%) were among the top contributors.

Grab Holdings, a ride hailing company in Southeast Asia, announced plans to go public in 2021 via a special purpose acquisition company (SPAC). As a result of the announcement, its value increased making it a top contributor, up 109% during the period.

The Fund’s U.S. holdings significantly outperformed its foreign holdings (up 69%, compared to down 12%).

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, common stock risk, foreign country risk, headline risk, depositary receipts risk, foreign currency risk, exposure to industry or sector risk, emerging market risk, large-capitalization companies risk, manager risk, fees and expenses risk, and mid- and small-capitalization companies risk. See the prospectus for a full description of each risk.

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, 2021, 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, 2021, unless otherwise noted.

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. For purposes of measuring concentration, the Fund generally classifies companies at the industry group or industry level. See the SAI for additional information regarding the Fund’s concentration policy.

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, 2011

Average Annual Total Return for periods ended October 31, 2021

Fund & Benchmark Index	1-Year	5-Year	10-Year	Since Inception	Inception Date	Gross Expense Ratio	Net Expense Ratio
Class A - without sales charge	15.75%	11.82%	11.56%	8.46%	12/22/04	0.92%	0.92%
Class A - with sales charge*	10.25%	10.75%	11.03%	8.16%	12/22/04	0.92%	0.92%
Class C**	13.75%	10.96%	10.81%	7.95%	12/22/04	1.70%	1.70%
Class Y	15.95%	12.09%	11.85%	5.99%	07/25/07	0.69%	0.69%
MSCI ACWI^®***	37.28%	14.71%	11.31%	8.10%

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 quoted in this report represents past performance, assumes that all distributions were reinvested, and is not a guarantee of future results. The investment return and principal value will fluctuate so that shares may be worth more or less than their original cost when redeemed. Current performance may be higher or lower than performance data quoted. 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 most recent month-end performance information, please call Investor Services at 1-800-279-0279 or visit the Fund’s website at www.davisfunds.com.

Average Annual Total Return for periods ended September 30, 2021

Class A Shares	1-Year	5-Year	10-Year
With sales charge*	8.37%	9.07%	11.67%

*Reflects 4.75% front-end sales charge.

**Includes any applicable contingent deferred sales charge. Because Class C shares automatically convert to Class A shares after 8 years, the “10-Year” and “Since Inception” returns for Class C reflect Class A performance for the period after conversion.

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

DAVIS INTERNATIONAL FUND

Management’s Discussion of Fund Performance

Performance Overview

Davis International Fund underperformed the Morgan Stanley Capital International All Country World Index ex USA (“MSCI” or the “Index”) for the twelve-month period ended October 31, 2021 (the “period”). The Fund’s Class A shares delivered a total return on net asset value of -8.27%, versus a 29.66% return for the MSCI. The sectors¹ within the MSCI that reported the strongest performance were Energy (up 74%), Financials (up 50%), and Information Technology (up 43%). The sectors within the MSCI that reported the weakest performance were Communication Services (up 7%), Consumer Discretionary (up 13%), and Real Estate (up 17%).

Detractors from Performance

The Fund’s largest sector position was in Consumer Discretionary companies. These holdings were the top detractor² from Fund performance both on an absolute basis and relative to the Index. The Fund’s holdings underperformed those of the Index (down 43%, versus up 13%) and the Fund was significantly overweight in this sector (average weighting of 37%, versus 14%). Of the top ten detractors during the period, five were from the Consumer Discretionary sector led by two companies providing education services in China, New Oriental Education & Technology Group³ (down 86%) and TAL Education Group (down 92%). The Fund completely liquidated its positions in New Oriental Education & Technology and TAL Education Group after the Chinese government placed new regulations on these companies related to after-school tutoring and private educational services. Alibaba (down 46%), Naspers (down 12%), and Fila Holdings (down 6%) were the additional top detractors from this sector.

Missfresh, a Chinese online grocery retailer, was a company the Fund held private equity shares of during the period. Missfresh completed its initial public offering (“IPO”) in June 2021. Previously classified in Consumer Discretionary, Missfresh moved to Consumer Staples at the time of the IPO and was the lone Fund holding in this sector during the period. Thus, Missfresh performance subsequent to the IPO (down 74%) was the only reason Consumer Staples was a top detractor. Missfresh, including its pre-IPO performance, decreased 76% during the period.

The Fund’s holdings in the Communication Services sector also hindered both absolute and relative performance. The Fund’s Communication Services holdings underperformed those of the Index (down 37%, versus up 7%). iQIYI (down 66%) was a key detractor during the period.

The Fund also had no exposure in Energy, the highest performing sector of the MSCI, and relative performance suffered as a result. The Fund’s 9% average repurchase agreement position during the period also hindered relative performance in this rising market environment.

The Fund held private equity shares of China ride hailing company Didi Chuxing, an Industrials company. In June 2021, the company was renamed DiDi Global and shortly thereafter completed its IPO. DiDi Global was a top detractor from performance primarily due to its performance subsequent to the IPO. Including its pre-IPO performance, DiDi Global decreased 17% during the period. Additional individual detractors from performance were Ping An Insurance (down 19%) and Samsung Electronics (down 18%), both new purchases during the period.

The Fund had an average weighting of 38% of net assets in Chinese securities and these holdings were down 45% during the period.

Contributors to Performance

The Fund’s overweight position in the stronger performing Financials sector (average weight of 29%, compared to the Index’s 19%) allowed it to be the most significant contributor to both absolute and relative performance. Of the top ten contributors during the period, five were from the Financials sector. DNB Bank (up 93%), DBS Group Holdings (up 62%), and Julius Baer Group (up 70%) were the top three overall contributors during the period, respectively. Other contributors from this sector included Danske Bank (up 30%) and AIA Group (up 22%). DBS Group Holdings, Danske Bank, and DNB Bank were top five holdings at the end of the period, representing 7.24%, 6.27%, and 6.02% of net assets, respectively.

The Industrials sector was also a contributorto the Fund’s absolute and relative performance. The Fund’s holdings outperformed those of the Index (up 36%, versus up 35%). Schneider Electric (up 45%) and Ferguson (up 49%) were the top performers from this sector. Grab Holdings, a ride hailing company in Southeast Asia, announced plans to go public in 2021 via a special purpose acquisition company (SPAC). As a result of the announcement, its value increased making it a top contributor, up 109% during the period. The Fund no longer owns Ferguson.

Compared to the Index, the Fund benefited from having no holdings in the Health Care, Utilities, and Real Estate sectors. Other individual contributors during the period included Information Technology holdings Tokyo Electron (up 77%) and Hollysys Automation Technologies (up 78%).

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, common stock risk, foreign country risk, headline risk, depositary receipts risk, foreign currency risk, exposure to industry or sector risk, emerging market risk, large-capitalization companies risk, manager risk, fees and expenses risk, and mid- and small-capitalization companies risk. See the prospectus for a full description of each risk.

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. For purposes of measuring concentration, the Fund generally classifies companies at the industry group or industry level. See the SAI for additional information regarding the Fund’s concentration policy.

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)

over 10 years for an investment made on October 31, 2011

Average Annual Total Return for periods ended October 31, 2021

Fund & Benchmark Index	1-Year	5-Year	10-Year	Since Inception	Inception Date	Gross Expense Ratio	Net Expense Ratio
Class A - without sales charge	(8.27)%	6.09%	6.09%	2.82%	12/29/06	1.00%	1.00%
Class A - with sales charge*	(12.63)%	5.07%	5.58%	2.48%	12/29/06	1.00%	1.00%
Class C**	(9.89)%	5.18%	5.24%	2.10%	12/29/06	1.79%	1.79%
Class Y	(8.02)%	6.38%	6.42%	4.90%	12/31/09	0.72%	0.72%
MSCI ACWI^® ex USA***	29.66%	9.77%	6.66%	3.84%

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.

Average Annual Total Return for periods ended September 30, 2021

Class A Shares	1-Year	5-Year	10-Year
With sales charge*	(12.88)%	3.62%	6.37%

*Reflects 4.75% front-end sales charge.

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

DAVIS GLOBAL FUND	Fund Overview
	October 31, 2021

Portfolio Composition		Industry Weightings
(% of Fund’s 10/31/21 Net Assets)		(% of 10/31/21 Stock Holdings)

				MSCI
			Fund	ACWI^®
Common Stock (Foreign)	52.54%	Retailing	24.53%	5.79%
Common Stock (U.S.)	43.77%	Banks	19.92%	7.10%
Preferred Stock (Foreign)	3.52%	Media & Entertainment	15.77%	7.13%
Short-Term Investments	0.29%	Information Technology	10.49%	22.68%
Other Assets & Liabilities	(0.12)%	Diversified Financials	9.45%	4.39%
	100.00%	Insurance	6.48%	2.96%
		Health Care	5.64%	11.54%
		Transportation	4.99%	2.04%
		Food, Beverage & Tobacco	1.25%	3.63%
		Food & Staples Retailing	1.04%	1.41%
		Materials	0.41%	4.60%
		Commercial & Professional Services	0.03%	1.25%
		Capital Goods	–	6.32%
		Energy	–	3.56%
		Automobiles & Components	–	3.14%
		Other	–	12.46%
			100.00%	100.00%

Country Diversification		Top 10 Long-Term Holdings
(% of 10/31/21 Stock Holdings)		(% of Fund’s 10/31/21 Net Assets)

United States	43.85%	Wells Fargo & Co.	8.25%
China	25.48%	JD.com, Inc., Class A, ADR	5.82%
Singapore	9.32%	DBS Group Holdings Ltd.	5.78%
Netherlands	5.14%	Prosus N.V., Class N	5.13%
Denmark	4.26%	Alphabet Inc., Class C	4.55%
Hong Kong	3.88%	Danske Bank A/S	4.26%
Switzerland	2.56%	Alibaba Group Holding Ltd., ADR	4.16%
South Korea	2.26%	AIA Group Ltd.	3.87%
Bermuda	1.34%	Capital One Financial Corp.	3.78%
South Africa	1.25%	Meituan, Class B	3.67%
Canada	0.41%
United Kingdom	0.25%
	100.00%

DAVIS GLOBAL FUND – (CONTINUED)	Fund Overview
	October 31, 2021

New Positions Added (11/01/20-10/31/21)

(Highlighted positions are those greater than 2.50% of the Fund’s 10/31/21 net assets)

Security	Industry	Date of 1^st Purchase	% of Fund’s 10/31/21 Net Assets
Baidu, Inc., Class A, ADR	Media & Entertainment	05/11/21	2.52%
Cigna Corp.	Health Care Equipment & Services	12/18/20	3.02%
Clear Secure, Inc., Class A	Software & Services	06/30/21	0.82%
Darling Ingredients Inc.	Food, Beverage & Tobacco	06/25/21	1.25%
iQIYI, Inc., Class A, ADR	Media & Entertainment	04/21/21	0.67%
Kuaishou Technology, Class B	Media & Entertainment	01/29/21	0.02%
Liberty Media Corp., Liberty
Formula One, Series A	Media & Entertainment	01/29/21	1.15%
Liberty Media Corp., Liberty
Formula One, Series C	Media & Entertainment	01/29/21	1.63%
Ping An Insurance (Group) Co.
of China, Ltd. - H	Life & Health Insurance	07/14/21	2.60%
Samsung Electronics Co., Ltd.	Technology Hardware & Equipment	03/24/21	2.25%
TAL Education Group, Class A, ADR	Consumer Services	05/27/21	–
Teck Resources Ltd., Class B	Materials	09/24/21	0.41%
Viatris Inc.	Pharmaceuticals, Biotechnology
	& Life Sciences	12/02/20	2.61%
Vroom, Inc.	Retailing	03/10/21	1.13%

Positions Closed (11/01/20-10/31/21)

(Gains and losses greater than $20,000,000 are highlighted)

Security	Industry	Date of Final Sale	Realized Gain (Loss)
Alphabet Inc., Class A	Media & Entertainment	06/23/21	$	2,476,213
Carrier Global Corp.	Capital Goods	05/06/21		16,110,982
DNB Bank ASA	Banks	07/28/21		27,207,213
Ferguson PLC	Capital Goods	02/10/21		14,587,929
New Oriental Education &
Technology Group, Inc., ADR	Consumer Services	07/29/21		(42,287,085)
Raytheon Technologies Corp.	Capital Goods	03/24/21		9,566,315
TAL Education Group, Class A, ADR	Consumer Services	07/26/21		(24,620,214)
Yiren Digital Ltd., ADR	Consumer Finance	02/23/21		(12,429,821)

DAVIS INTERNATIONAL FUND	Fund Overview
	October 31, 2021

Portfolio Composition		Industry Weightings
(% of Fund’s 10/31/21 Net Assets)		(% of 10/31/21 Stock Holdings)

				MSCI
				ACWI^®
			Fund	ex USA
Common Stock (Foreign)	97.28%	Retailing	27.17%	4.01%
Preferred Stock (Foreign)	2.41%	Banks	23.22%	11.73%
Short-Term Investments	0.12%	Information Technology	14.08%	13.09%
Other Assets & Liabilities	0.19%	Insurance	8.55%	4.38%
	100.00%	Diversified Financials	6.27%	3.42%
		Capital Goods	5.84%	8.11%
		Media & Entertainment	4.79%	3.41%
		Transportation	4.63%	2.48%
		Consumer Durables & Apparel	2.56%	3.72%
		Food & Staples Retailing	1.14%	1.56%
		Consumer Services	0.90%	1.30%
		Commercial & Professional Services	0.44%	1.52%
		Materials	0.41%	7.92%
		Health Care	–	9.40%
		Food, Beverage & Tobacco	–	4.99%
		Energy	–	4.98%
		Automobiles & Components	–	3.83%
		Other	–	10.15%
			100.00%	100.00%

Country Diversification		Top 10 Long-Term Holdings
(% of 10/31/21 Stock Holdings)		(% of Fund’s 10/31/21 Net Assets)

China	36.20%	JD.com, Inc., Class A, ADR	8.45%
Singapore	9.68%	DBS Group Holdings Ltd.	7.24%
South Korea	8.14%	Alibaba Group Holding Ltd., ADR	6.76%
Denmark	6.28%	Danske Bank A/S	6.27%
Norway	6.04%	DNB Bank ASA	6.02%
France	5.84%	Schneider Electric SE	5.82%
Switzerland	5.14%	Samsung Electronics Co., Ltd.	5.56%
Hong Kong	4.90%	Julius Baer Group Ltd.	5.12%
South Africa	4.77%	AIA Group Ltd.	4.88%
Japan	4.66%	Naspers Ltd. - N	4.76%
Netherlands	4.31%
Bermuda	3.38%
Canada	0.41%
United Kingdom	0.25%
	100.00%

DAVIS INTERNATIONAL FUND – (CONTINUED)	Fund Overview
	October 31, 2021

New Positions Added (11/01/20-10/31/21)

(Highlighted positions are those greater than 5.00% of the Fund’s 10/31/21 net assets)

Security	Industry	Date of 1^st Purchase	% of Fund’s 10/31/21 Net Assets
Kuaishou Technology, Class B	Media & Entertainment	01/29/21	–
Ping An Insurance (Group) Co.
of China, Ltd. - H	Life & Health Insurance	07/14/21	3.63%
Samsung Electronics Co., Ltd.	Technology Hardware & Equipment	02/18/21	5.56%
TAL Education Group, Class A, ADR	Consumer Services	03/26/21	–
Teck Resources Ltd., Class B	Materials	09/24/21	0.41%

Positions Closed (11/01/20-10/31/21)

(Gains and losses greater than $10,000,000 are highlighted)

Security	Industry	Date of Final Sale	Realized Gain (Loss)
Ferguson PLC	Capital Goods	08/05/21	$	10,239,878
Hunter Douglas N.V.	Consumer Durables & Apparel	12/14/20		118,837
Kuaishou Technology, Class B	Media & Entertainment	08/19/21		(36,616)
New Oriental Education &
Technology Group, Inc., ADR	Consumer Services	07/29/21		(21,107,614)
TAL Education Group, Class A, ADR	Consumer Services	07/26/21		(20,833,522)
Yiren Digital Ltd., ADR	Consumer Finance	02/23/21		(5,212,449)

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 short-term trading 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, 2021.

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.

	Beginning	Ending	Expenses Paid
	Account Value	Account Value	During Period*
	(05/01/21)	(10/31/21)	(05/01/21-10/31/21)
Davis Global Fund
Class A (annualized expense ratio 0.94%**)
Actual	$1,000.00	$856.57	$4.40
Hypothetical	$1,000.00	$1,020.47	$4.79
Class C (annualized expense ratio 1.72%**)
Actual	$1,000.00	$853.09	$8.03
Hypothetical	$1,000.00	$1,016.53	$8.74
Class Y (annualized expense ratio 0.71%**)
Actual	$1,000.00	$857.75	$3.32
Hypothetical	$1,000.00	$1,021.63	$3.62
Davis International Fund
Class A (annualized expense ratio 1.04%**)
Actual	$1,000.00	$790.49	$4.69
Hypothetical	$1,000.00	$1,019.96	$5.30
Class C (annualized expense ratio 1.82%**)
Actual	$1,000.00	$787.69	$8.20
Hypothetical	$1,000.00	$1,016.03	$9.25
Class Y (annualized expense ratio 0.75%**)
Actual	$1,000.00	$791.77	$3.39
Hypothetical	$1,000.00	$1,021.42	$3.82

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 184/365 (to reflect the one-half year period).

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

DAVIS GLOBAL FUND	Schedule of Investments
	October 31, 2021

						Shares/Units		Value (Note 1)
COMMON STOCK – (96.31%)
	COMMUNICATION SERVICES – (15.74%)
		Media & Entertainment – (15.74%)
				Alphabet Inc., Class C *			19,488	$	57,789,910
				ASAC II L.P. *(a)(b)			35,352		36,158
				Baidu, Inc., Class A, ADR (China)*			197,110		31,979,126
				Fang Holdings Ltd., Class A, ADR (China)*			22,864		133,069
				IAC/InterActiveCorp *			141,910		21,622,827
				iQIYI, Inc., Class A, ADR (China)*			1,024,160		8,480,045
				Kuaishou Technology, Class B (China)*			15,390		204,725
				Liberty Media Corp., Liberty Formula One, Series A *			280,020		14,603,043
				Liberty Media Corp., Liberty Formula One, Series C *			370,485		20,673,063
				Meta Platforms, Inc., Class A *			112,580		36,427,511
				Vimeo, Inc. *			230,380		7,770,717
					Total Communication Services				199,720,194
	CONSUMER DISCRETIONARY – (24.49%)
		Retailing – (24.49%)
				Alibaba Group Holding Ltd., ADR (China)*			319,820		52,751,111
				Amazon.com, Inc. *			10,950		36,928,109
				JD.com, Inc., Class A, ADR (China)*			943,165		73,830,956
				Meituan, Class B (China)*			1,342,429		46,516,144
				Naspers Ltd. - N (South Africa)			93,191		15,802,143
				Prosus N.V., Class N (Netherlands)			738,660		65,075,023
				Quotient Technology Inc. *			867,010		5,583,544
				Vroom, Inc. *			747,530		14,300,249
					Total Consumer Discretionary				310,787,279
	CONSUMER STAPLES – (2.29%)
		Food & Staples Retailing – (1.04%)
				Missfresh Ltd., Class B, ADS (China)*(a)			3,519,779		13,207,972
		Food, Beverage & Tobacco – (1.25%)
				Darling Ingredients Inc. *			186,740		15,783,265
					Total Consumer Staples				28,991,237
	FINANCIALS – (35.79%)
		Banks – (19.88%)
				Bank of N.T. Butterfield & Son Ltd. (Bermuda)			475,000		17,052,500
				Danske Bank A/S (Denmark)			3,190,350		53,990,538
				DBS Group Holdings Ltd. (Singapore)			3,137,994		73,371,117
				Metro Bank PLC (United Kingdom)*			2,187,612		3,170,496
				Wells Fargo & Co.			2,046,500		104,698,940
									252,283,591
		Diversified Financials – (9.44%)
			Capital Markets – (3.19%)
				Julius Baer Group Ltd. (Switzerland)			448,550		32,421,405
				Noah Holdings Ltd., Class A, ADS (China)*			188,970		8,033,115
									40,454,520
			Consumer Finance – (3.78%)
				Capital One Financial Corp.			317,330		47,926,350
			Diversified Financial Services – (2.47%)
				Berkshire Hathaway Inc., Class B *			109,210		31,344,362
									119,725,232

DAVIS GLOBAL FUND – (CONTINUED)	Schedule of Investments
	October 31, 2021

							Shares		Value (Note 1)
COMMON STOCK – (CONTINUED)
	FINANCIALS – (CONTINUED)
		Insurance – (6.47%)
			Life & Health Insurance – (6.47%)
				AIA Group Ltd. (Hong Kong)				4,353,580	$	49,156,481
				Ping An Insurance (Group) Co. of China, Ltd. - H (China)				4,579,000		32,898,413
										82,054,894
						Total Financials				454,063,717
	HEALTH CARE – (5.63%)
		Health Care Equipment & Services – (3.02%)
				Cigna Corp.				179,640		38,372,900
		Pharmaceuticals, Biotechnology & Life Sciences – (2.61%)
				Viatris Inc.				2,477,960		33,080,766
						Total Health Care				71,453,666
	INDUSTRIALS – (1.49%)
		Commercial & Professional Services – (0.03%)
				China Index Holdings Ltd., Class A, ADR (China)*				248,139		379,653
		Transportation – (1.46%)
				DiDi Global Inc., Class A, ADS (China)*				234,620		1,893,383
				DiDi Global Inc., Class A, ADS (China)*(a)				2,171,148		16,645,106
										18,538,489
						Total Industrials				18,918,142
	INFORMATION TECHNOLOGY – (10.47%)
		Semiconductors & Semiconductor Equipment – (4.57%)
				Applied Materials, Inc.				269,250		36,793,012
				Intel Corp.				432,470		21,191,030
										57,984,042
		Software & Services – (0.82%)
				Clear Secure, Inc., Class A *				234,720		10,489,637
		Technology Hardware & Equipment – (5.08%)
				Hollysys Automation Technologies Ltd. (China)				1,796,296		35,836,105
				Samsung Electronics Co., Ltd. (South Korea)				478,640		28,590,195
										64,426,300
						Total Information Technology				132,899,979
	MATERIALS – (0.41%)
				Teck Resources Ltd., Class B (Canada)				186,210		5,195,259
						Total Materials				5,195,259
					TOTAL COMMON STOCK – (Identified cost $952,962,659)					1,222,029,473
PREFERRED STOCK – (3.52%)
	INDUSTRIALS – (3.52%)
		Transportation – (3.52%)
				Grab Holdings Inc., Series F (Singapore)*(a)(b)				2,398,770		25,019,171
				Grab Holdings Inc., Series G (Singapore)*(a)(b)				1,881,391		19,622,908
						Total Industrials				44,642,079
					TOTAL PREFERRED STOCK – (Identified cost $21,986,292)					44,642,079

DAVIS GLOBAL FUND – (CONTINUED)	Schedule of Investments
	October 31, 2021

							Principal			Value (Note 1)
SHORT-TERM INVESTMENTS – (0.29%)
			Nomura Securities International, Inc. Joint Repurchase Agreement, 0.02%, 11/01/21, dated 10/29/21, repurchase value of $1,633,003 (collateralized by: U.S. Government agency mortgage and obligation in a pooled cash account, 0.00%-2.625%, 02/10/22-01/31/26, total market value $1,665,660)					$	1,633,000	$	1,633,000
			StoneX Financial Inc. Joint Repurchase Agreement, 0.04%, 11/01/21, dated 10/29/21, repurchase value of $1,192,004 (collateralized by: U.S. Government agency mortgages and obligations in a pooled cash account, 0.00%-8.50%, 10/31/21-10/15/56, total market value $1,215,840)						1,192,000		1,192,000
			Truist Securities, Inc. Joint Repurchase Agreement, 0.04%, 11/01/21, dated 10/29/21, repurchase value of $817,003 (collateralized by: U.S. Government agency mortgages in a pooled cash account, 1.50%-3.00%, 10/01/31-07/01/51, total market value $833,340)						817,000		817,000
					TOTAL SHORT-TERM INVESTMENTS – (Identified cost $3,642,000)						3,642,000
				Total Investments – (100.12%) – (Identified cost $978,590,951)							1,270,313,552
				Liabilities Less Other Assets – (0.12%)							(1,467,258)
						Net Assets – (100.00%)				$	1,268,846,294

	ADR: American Depositary Receipt

	ADS: American Depositary Share

	*	Non-income producing security.

	(a)	Restricted Security – See Note 6 of the Notes to Financial Statements.

	(b)	The value of this security was determined using significant unobservable inputs. See Note 1 of the Notes to Financial Statements.

See Notes to Financial Statements

DAVIS INTERNATIONAL FUND	Schedule of Investments
	October 31, 2021

						Shares		Value (Note 1)
COMMON STOCK – (97.28%)
	COMMUNICATION SERVICES – (4.78%)
		Media & Entertainment – (4.78%)
				Baidu, Inc., Class A, ADR (China)*			63,185	$	10,251,134
				Fang Holdings Ltd., Class A, ADR (China)*			12,430		72,343
				iQIYI, Inc., Class A, ADR (China)*			839,890		6,954,289
					Total Communication Services				17,277,766
	CONSUMER DISCRETIONARY – (30.54%)
		Consumer Durables & Apparel – (2.55%)
				Fila Holdings Corp. (South Korea)			290,770		9,231,584
		Consumer Services – (0.90%)
				Trip.com Group Ltd., ADR (China)*			113,680		3,246,701
		Retailing – (27.09%)
				Alibaba Group Holding Ltd., ADR (China)*			148,090		24,425,965
				JD.com, Inc., Class A, ADR (China)*			390,380		30,558,946
				Meituan, Class B (China)*			294,411		10,201,556
				Naspers Ltd. - N (South Africa)			101,420		17,197,512
				Prosus N.V., Class N (Netherlands)			176,162		15,519,652
									97,903,631
					Total Consumer Discretionary				110,381,916
	CONSUMER STAPLES – (1.14%)
		Food & Staples Retailing – (1.14%)
				Missfresh Ltd., Class B, ADS (China)*(a)			1,097,439		4,118,141
					Total Consumer Staples				4,118,141
	FINANCIALS – (37.92%)
		Banks – (23.14%)
				Bank of N.T. Butterfield & Son Ltd. (Bermuda)			338,980		12,169,382
				Danske Bank A/S (Denmark)			1,338,430		22,650,354
				DBS Group Holdings Ltd. (Singapore)			1,119,310		26,171,186
				DNB Bank ASA (Norway)			915,382		21,757,917
				Metro Bank PLC (United Kingdom)*			625,030		905,853
									83,654,692
		Diversified Financials – (6.25%)
			Capital Markets – (6.25%)
				Julius Baer Group Ltd. (Switzerland)			256,080		18,509,583
				Noah Holdings Ltd., Class A, ADS (China)*			95,860		4,075,009
									22,584,592
		Insurance – (8.53%)
			Life & Health Insurance – (8.53%)
				AIA Group Ltd. (Hong Kong)			1,563,500		17,653,554
				Ping An Insurance (Group) Co. of China, Ltd. - H (China)			1,831,500		13,158,646
									30,812,200
					Total Financials				137,051,484
	INDUSTRIALS – (8.46%)
		Capital Goods – (5.82%)
				Schneider Electric SE (France)			122,240		21,040,973
		Commercial & Professional Services – (0.43%)
				China Index Holdings Ltd., Class A, ADR (China)*			1,027,188		1,571,598
		Transportation – (2.21%)
				DiDi Global Inc., Class A, ADS (China)*			145,740		1,176,122

DAVIS INTERNATIONAL FUND – (CONTINUED)	Schedule of Investments
	October 31, 2021

						Shares		Value (Note 1)
COMMON STOCK – (CONTINUED)
	INDUSTRIALS – (CONTINUED)
		Transportation – (Continued)
			DiDi Global Inc., Class A, ADS (China)* (a)				886,296	$	6,794,788
									7,970,910
					Total Industrials				30,583,481
	INFORMATION TECHNOLOGY – (14.03%)
		Semiconductors & Semiconductor Equipment – (4.64%)
			Tokyo Electron Ltd. (Japan)				36,200		16,785,874
		Technology Hardware & Equipment – (9.39%)
			Hollysys Automation Technologies Ltd. (China)				693,546		13,836,243
			Samsung Electronics Co., Ltd. (South Korea)				336,650		20,108,827
									33,945,070
					Total Information Technology				50,730,944
	MATERIALS – (0.41%)
			Teck Resources Ltd., Class B (Canada)				53,050		1,480,095
					Total Materials				1,480,095
				TOTAL COMMON STOCK – (Identified cost $313,048,473)					351,623,827
PREFERRED STOCK – (2.41%)
	INDUSTRIALS – (2.41%)
		Transportation – (2.41%)
			Grab Holdings Inc., Series F (Singapore)*(a)(b)				549,889		5,735,342
			Grab Holdings Inc., Series G (Singapore)*(a)(b)				286,316		2,986,276
					Total Industrials				8,721,618
				TOTAL PREFERRED STOCK – (Identified cost $4,236,680)					8,721,618

DAVIS INTERNATIONAL FUND – (CONTINUED)	Schedule of Investments
	October 31, 2021

							Principal			Value (Note 1)
SHORT-TERM INVESTMENTS – (0.12%)
			Nomura Securities International, Inc. Joint Repurchase Agreement, 0.02%, 11/01/21, dated 10/29/21, repurchase value of $194,000 (collateralized by: U.S. Government agency obligation in a pooled cash account, 2.25%, 08/15/49, total market value $197,880)					$	194,000	$	194,000
			StoneX Financial Inc. Joint Repurchase Agreement, 0.04%, 11/01/21, dated 10/29/21, repurchase value of $142,000 (collateralized by: U.S. Government agency mortgages and obligations in a pooled cash account, 0.00%-8.50%, 10/31/21-10/15/56, total market value $144,840)						142,000		142,000
			Truist Securities, Inc. Joint Repurchase Agreement, 0.04%, 11/01/21, dated 10/29/21, repurchase value of $97,000 (collateralized by: U.S. Government agency mortgage in a pooled cash account, 3.00%, 12/01/49, total market value $98,940)						97,000		97,000
					TOTAL SHORT-TERM INVESTMENTS – (Identified cost $433,000)						433,000
				Total Investments – (99.81%) – (Identified cost $317,718,153)							360,778,445
				Other Assets Less Liabilities – (0.19%)							676,329
						Net Assets – (100.00%)				$	361,454,774

	ADR: American Depositary Receipt

	ADS: American Depositary Share

	*	Non-income producing security.

	(a)	Restricted Security – See Note 6 of the Notes to Financial Statements.

	(b)	The value of this security was determined using significant unobservable inputs. See Note 1 of the Notes to Financial Statements.

See Notes to Financial Statements

DAVIS GLOBAL FUND	Statements of Assets and Liabilities
DAVIS INTERNATIONAL FUND	At October 31, 2021

			Davis Global Fund		Davis International Fund
ASSETS:
Investments in securities at value* (see accompanying Schedules of Investments)		$	1,270,313,552	$	360,778,445
Cash			219		926
Receivables:
	Capital stock sold		594,996		139,143
	Dividends and interest		635,116		1,297,502
Prepaid expenses			40,223		12,907
	Total assets		1,271,584,106		362,228,923
LIABILITIES:
Payables:
	Capital stock redeemed		1,353,220		265,792
Accrued custodian fees			399,983		204,750
Accrued distribution and service plan fees			133,549		16,149
Accrued investment advisory fees			610,131		175,006
Other accrued expenses			240,929		112,452
	Total liabilities		2,737,812		774,149
NET ASSETS		$	1,268,846,294	$	361,454,774
NET ASSETS CONSIST OF:
Par value of shares of capital stock		$	2,110,251	$	1,444,971
Additional paid-in capital			872,513,045		360,047,581
Distributable earnings (losses)			394,222,998		(37,778)
	Net Assets	$	1,268,846,294	$	361,454,774
*Including:
	Cost of investments	$	978,590,951	$	317,718,153
CLASS A SHARES:
Net assets		$	232,565,359	$	44,686,877
Shares outstanding			7,711,237		3,534,232
Net asset value and redemption price per share (Net assets ÷ Shares outstanding)		$	30.16	$	12.64
Maximum offering price per share (100/95.25 of net asset value)†		$	31.66	$	13.27
CLASS C SHARES:
Net assets		$	101,611,306	$	8,411,746
Shares outstanding			3,675,779		721,926
Net asset value, offering, and redemption price per share (Net assets ÷ Shares outstanding)		$	27.64	$	11.65
CLASS Y SHARES:
Net assets		$	934,669,629	$	308,356,151
Shares outstanding			30,818,003		24,643,269
Net asset value, offering, and redemption price per share (Net assets ÷ Shares outstanding)		$	30.33	$	12.51

†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, 2021

				Davis Global Fund		Davis International Fund
INVESTMENT INCOME:
Income:
Dividends*			$	13,797,354	$	6,452,480
Interest				14,726		24,506
Net securities lending fees				110,112		89,459
		Total income		13,922,192		6,566,445
Expenses:
Investment advisory fees (Note 3)				7,404,800		2,575,074
Custodian fees				536,199		295,330
Transfer agent fees:
	Class A			200,302		71,714
	Class C			99,151		16,255
	Class Y			718,691		257,532
Audit fees				28,560		23,968
Legal fees				5,082		1,842
Accounting fees (Note 3)				49,336		17,328
Reports to shareholders				52,501		19,001
Directors’ fees and expenses				57,145		22,308
Registration and filing fees				75,000		62,000
Miscellaneous				75,345		37,678
Distribution and service plan fees (Note 3):
	Class A			560,634		128,024
	Class C			1,166,717		115,845
		Total expenses		11,029,463		3,643,899
Net investment income				2,892,729		2,922,546
REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS AND FOREIGN CURRENCY TRANSACTIONS:
Net realized gain (loss) from:
	Investment transactions			131,263,945		(32,845,493)
	Foreign currency transactions			(148,146)		(127,946)
Net realized gain (loss)				131,115,799		(32,973,439)
Net increase (decrease) in unrealized appreciation				35,027,258		(20,648,878)
		Net realized and unrealized gain (loss) on investments and foreign currency transactions		166,143,057		(53,622,317)
Net increase (decrease) in net assets resulting from operations			$	169,035,786	$	(50,699,771)

*Net of foreign taxes withheld of			$	1,085,526	$	841,717

See Notes to Financial Statements

DAVIS GLOBAL FUND	Statements of Changes in Net Assets
DAVIS INTERNATIONAL FUND	For the year ended October 31, 2021

			Davis Global Fund		Davis International Fund
OPERATIONS:
Net investment income		$	2,892,729	$	2,922,546
Net realized gain (loss) from investments and foreign currency transactions			131,115,799		(32,973,439)
Net increase (decrease) in unrealized appreciation on investments and foreign currency transactions			35,027,258		(20,648,878)
	Net increase (decrease) in net assets resulting from operations		169,035,786		(50,699,771)
DIVIDENDS AND DISTRIBUTIONS TO SHAREHOLDERS:
	Class A		(635,474)		–
	Class C		(346,051)		–
	Class Y		(3,119,200)		(258,272)
CAPITAL SHARE TRANSACTIONS:
Net increase (decrease) in net assets resulting from capital share transactions (Note 4):
	Class A		958,579		12,939,879
	Class C		(16,903,810)		(243,456)
	Class Y		28,540,724		5,945,445
	Total increase (decrease) in net assets		177,530,554		(32,316,175)
NET ASSETS:
Beginning of year			1,091,315,740		393,770,949
End of year		$	1,268,846,294	$	361,454,774

See Notes to Financial Statements

DAVIS GLOBAL FUND	Statements of Changes in Net Assets
DAVIS INTERNATIONAL FUND	For the year ended October 31, 2020

			Davis Global Fund		Davis International Fund
OPERATIONS:
Net investment income (loss)		$	234,256	$	(109,329)
Net realized gain (loss) from investments and foreign currency transactions			19,847,021		(4,229,086)
Net change in unrealized appreciation (depreciation) on investments and foreign currency transactions			127,303,361		72,685,469
	Net increase in net assets resulting from operations		147,384,638		68,347,054
DIVIDENDS AND DISTRIBUTIONS TO SHAREHOLDERS:
	Class A		(3,945,040)		(1,094,053)
	Class C		(1,564,309)		(268,938)
	Class Y		(15,842,121)		(10,369,755)
TAX RETURN OF CAPITAL TO SHAREHOLDERS:
	Class A		–		(13,515)
	Class C		–		(3,687)
	Class Y		–		(125,795)
CAPITAL SHARE TRANSACTIONS:
Net increase (decrease) in net assets resulting from capital share transactions (Note 4):
	Class A		(14,637,677)		1,022,260
	Class C		(30,145,062)		(1,579,805)
	Class Y		2,210,690		18,202,156
	Total increase in net assets		83,461,119		74,115,922

NET ASSETS:
Beginning of year			1,007,854,621		319,655,027
End of year		$	1,091,315,740	$	393,770,949

See Notes to Financial Statements

DAVIS GLOBAL FUND	Notes to Financial Statements
DAVIS INTERNATIONAL FUND	October 31, 2021

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. The COVID-19 pandemic has caused market disruptions on a global scale and the long-term impact is uncertain. The aforementioned disruptions may adversely affect the value and liquidity of the Funds’ investments and thus performance of the Funds.

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 Funds follow the reporting guidance of the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification Topic 946, Financial Services – Investment Companies.

The Company accounts separately for the assets, liabilities, and operations of each Fund. Each Fund offers Class A, Class C, and Class Y shares. 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 C shares automatically convert to Class A shares after 8 years (effective May 1, 2021). Any existing Class C shares held longer than 8 years as of May 1, 2021 converted in May 2021. 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% short-term trading 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 last quoted bid price. 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

DAVIS GLOBAL FUND	Notes to Financial Statements – (Continued)
DAVIS INTERNATIONAL FUND	October 31, 2021

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

Security Valuation - (Continued)

security may be higher or lower than the security’s value would be if a reliable market quotation for 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 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.

Short-term investments 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, 2021 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:
Common Stock:
Communication Services	$	199,684,036	$	17,277,766
Consumer Discretionary		310,787,279		110,381,916
Consumer Staples		15,783,265		–
Financials		454,063,717		137,051,484
Health Care		71,453,666		–
Industrials		2,273,036		23,788,693
Information Technology		132,899,979		50,730,944
Materials		5,195,259		1,480,095
Total Level 1		1,192,140,237		340,710,898
Level 2 – Other Significant Observable Inputs:
Common Stock:
Consumer Staples		13,207,972		4,118,141
Industrials		16,645,106		6,794,788
Short-Term Investments		3,642,000		433,000
Total Level 2		33,495,078		11,345,929
Level 3 – Significant Unobservable Inputs:
Common Stock:
Communication Services		36,158		–
Preferred Stock:
Industrials		44,642,079		8,721,618
Total Level 3		44,678,237		8,721,618
Total Investments	$	1,270,313,552	$	360,778,445

DAVIS GLOBAL FUND	Notes to Financial Statements – (Continued)
DAVIS INTERNATIONAL FUND	October 31, 2021

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, 2021. The net change in unrealized appreciation (depreciation) during the period on Level 3 securities still held at October 31, 2021 was $23,241,249* and $4,540,593* for Davis Global Fund and Davis International Fund, respectively. 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.

	Beginning Balance at November 1, 2020		Cost of Purchases		Net Change in Unrealized Appreciation (Depreciation)*		Net Realized Gain (Loss)		Transfers into Level 3		Transfers out of Level 3**		Ending Balance at October 31, 2021
Davis Global Fund
Investments in Securities:
Common Stock	$	36,183	$	–	$	(25)	$	–	$	–	$	–	$	36,158
Preferred Stock		97,166,481		–		26,615,279		–		–		(79,139,681)		44,642,079
Total Level 3	$	97,202,664	$	–	$	26,615,254	$	–	$	–	$	(79,139,681)	$	44,678,237
Davis International Fund
Investments in Securities:
Preferred Stock	$	26,297,091	$	3,800,007	$	6,012,812	$	–	$	–	$	(27,388,292)	$	8,721,618
Total Level 3	$	26,297,091	$	3,800,007	$	6,012,812	$	–	$	–	$	(27,388,292)	$	8,721,618

* Any difference between net change in unrealized appreciation (depreciation) and net change in unrealized appreciation (depreciation) on securities still held at October 31, 2021, may be due to investments no longer held or categorized as Level 3 at year end.

** During the year ended October 31, 2021, certain securities fair valued at $79,139,681 and $27,388,292 for Davis Global Fund and Davis International Fund, respectively, transferred out of Level 3 because observable market data became available for the securities.

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.

	Fair Value at		Valuation	Unobservable		Impact to Valuation from
	October 31, 2021		Technique	Input(s)	Amount	an Increase in Input
Davis Global Fund
Investments in Securities:
Common Stock	$	36,158	Discounted Cash Flow	Annualized Yield	1.408%	Decrease

Preferred Stock		44,642,079	Market Approach	Transaction Price Discount for Uncertainty	$13.03 20%	Increase Decrease

Total Level 3	$	44,678,237
Davis International Fund
Investments in Securities:
Preferred Stock	$	8,721,618	Market Approach	Transaction Price Discount for Uncertainty	$13.03 20%	Increase Decrease

Total Level 3	$	8,721,618

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’ investments. The transaction price inputs are attributable to private securities and include assumptions made from private transactions. The “Impact to Valuation from an Increase in Input” represents the change in fair value measurement resulting from an increase in the corresponding input. A decrease in the input would have the opposite effect.

DAVIS GLOBAL FUND	Notes to Financial Statements – (Continued)
DAVIS INTERNATIONAL FUND	October 31, 2021

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 on the date of valuation using exchange rates determined as of the close of trading on the Exchange. 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. There were no forward contracts entered into by the Funds.

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 period 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 analyzed the Funds’ tax positions taken on federal and state income tax returns for all open tax years and concluded that as of October 31, 2021, 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 2018.

Capital losses will be carried forward to future years if not offset by gains. At October 31, 2021, Davis International Fund had available for federal income tax purposes unused short-term and long-term capital loss carryforwards with no expiration in the amount of $33,559,399 and $3,516,383, respectively.

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.

At October 31, 2021, the aggregate cost of investments and unrealized appreciation (depreciation) for federal income tax purposes were as follows:

	Davis Global		Davis International
	Fund		Fund
Cost	$	1,000,626,921	$	329,150,857
Unrealized appreciation		378,846,934		75,599,448
Unrealized depreciation		(109,160,303)		(43,971,860)
Net unrealized appreciation	$	269,686,631	$	31,627,588

DAVIS GLOBAL FUND	Notes to Financial Statements – (Continued)
DAVIS INTERNATIONAL FUND	October 31, 2021

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

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.

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 [collectively “Distributable earnings (losses)”] may differ for financial statement and tax purposes primarily due to permanent and temporary differences which may include wash sales, foreign currency transactions, net operating losses, corporate actions, partnership income, equalization, 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. The Funds’ net assets have not been affected by these reclassifications. During the year ended October 31, 2021, amounts have been reclassified to reflect increases (decreases) as follows:

	Davis Global Fund		Davis International Fund
Distributable earnings	$	(10,488,640)	$	–
Paid-in capital		10,488,640		–

The tax character of distributions paid during the years ended October 31, 2021 and 2020 was as follows:

	Ordinary Income		Long-Term Capital Gain		Return of Capital		Total
Davis Global Fund
2021	$	626,853	$	3,473,872	$	–	$	4,100,725
2020		21,255,788		95,682		–		21,351,470
Davis International Fund
2021	$	258,272	$	–	$	–	$	258,272
2020		11,426,671		306,075		142,997		11,875,743

As of October 31, 2021, the components of distributable earnings (losses) on a tax basis were as follows:

	Davis Global Fund		Davis International Fund
Undistributed ordinary income	$	12,017,562	$	5,436,998
Undistributed long-term capital gain		112,555,459		–
Accumulated net realized losses from investments		–		(37,075,782)
Net unrealized appreciation on investments and foreign currency transactions		269,689,287		31,612,607
Other temporary differences		(39,310)		(11,601)
Total	$	394,222,998	$	(37,778)

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, 2021

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 investments) during the year ended October 31, 2021 were as follows:

	Davis Global Fund		Davis International Fund
Cost of purchases	$	467,658,378	$	131,972,359
Proceeds from sales		451,669,083		68,230,971

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.

All officers of the Funds (including Interested Directors) hold positions as executive officers with the Adviser or its affiliates.

As of October 31, 2021, related shareholders with greater than 20% of outstanding shares were as follows:

Davis Global Fund		Davis International Fund
n/a		29%

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, 1.05%; Class C shares, 1.80%; and Class Y shares, 0.80%) until March 1, 2022. After that date, there is no assurance that the Adviser will continue to cap expenses. The expense cap cannot be terminated prior to that date without the consent of the Board of Directors. The Adviser may not recoup any of the operating expenses it has reimbursed to the Funds.

Transfer Agent and Accounting Fees - DST Asset Manager Solutions, 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, 2021
	Davis Global Fund		Davis International Fund
Transfer agent fees paid to Adviser	$	68,079	$	28,882
Accounting fees paid to Adviser		49,336		17,328

DAVIS GLOBAL FUND	Notes to Financial Statements – (Continued)
DAVIS INTERNATIONAL FUND	October 31, 2021

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 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 C shares at an annual rate equal to the lesser of 1.25% of the average daily net asset value of 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 C shares in order: (i) to pay the Distributor distribution fees or commissions on Class C shares which have been sold and (ii) to enable the Distributor to pay service fees on Class C shares which have been sold.

	Year ended October 31, 2021
	Davis Global Fund		Davis International Fund
Distribution fees:
Class C	$	875,038	$	86,884
Service fees:
Class A		560,634		128,024
Class C		291,679		28,961

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.

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, 2021
	Davis Global Fund		Davis International Fund
Class A commissions retained by Distributor	$	31,681	$	10,415
Class A commissions re-allowed to investment dealers		169,495		58,570
Total commissions earned on sale of Class A	$	201,176	$	68,985
Class C commission advances by the Distributor	$	102,457	$	33,142
Class C CDSCs received by the Distributor		7,707		3,531

DAVIS GLOBAL FUND	Notes to Financial Statements – (Continued)
DAVIS INTERNATIONAL FUND	October 31, 2021

NOTE 4 - CAPITAL STOCK

At October 31, 2021, 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 275 million shares are designated to Davis Global Fund and 250 million shares are designated to Davis International Fund. Transactions in capital stock were as follows:

	Year ended October 31, 2021
		Sold		Reinvestment of Distributions		Redeemed*		Net Increase (Decrease)
Davis Global Fund
Shares: Class A		1,197,821		19,689		(1,207,308)		10,202
Class C		362,688		12,438		(958,142)		(583,016)
Class Y		5,733,393		94,306		(4,999,081)		828,618
Value: Class A	$	38,536,367	$	580,422	$	(38,158,210)	$	958,579
Class C		10,797,833		338,569		(28,040,212)		(16,903,810)
Class Y		184,310,731		2,791,450		(158,561,457)		28,540,724

Davis International Fund
Shares: Class A		2,355,630		–		(1,602,227)		753,403
Class C		229,649		–		(280,621)		(50,972)
Class Y		8,354,309		17,200		(9,124,341)		(752,832)
Value: Class A	$	35,615,061	$	–	$	(22,675,182)	$	12,939,879
Class C		3,310,371		–		(3,553,827)		(243,456)
Class Y		125,954,738		254,208		(120,263,501)		5,945,445

* Davis Global Fund: net of redemption fees amounting to $1,675, $782, and $8,301, for Class A, Class C, and Class Y, respectively.

Davis International Fund: net of redemption fees amounting to $16,075 and $1,625, for Class A and Class Y, respectively.

	Year ended October 31, 2020
		Sold		Reinvestment of Distributions		Redeemed*		Net Increase (Decrease)
Davis Global Fund
Shares: Class A		1,782,976		152,928		(2,645,033)		(709,129)
Class C		573,812		68,321		(2,012,907)		(1,370,774)
Class Y		8,136,809		581,809		(8,629,282)		89,336
Value: Class A	$	42,771,720	$	3,627,438	$	(61,036,835)	$	(14,637,677)
Class C		12,608,043		1,508,523		(44,261,628)		(30,145,062)
Class Y		186,978,880		13,835,435		(198,603,625)		2,210,690

Davis International Fund
Shares: Class A		552,136		87,842		(593,066)		46,912
Class C		139,345		23,981		(320,078)		(156,752)
Class Y		7,348,900		881,982		(6,564,394)		1,666,488
Value: Class A	$	7,052,055	$	1,044,438	$	(7,074,233)	$	1,022,260
Class C		1,672,498		266,906		(3,519,209)		(1,579,805)
Class Y		84,716,207		10,336,831		(76,850,882)		18,202,156

* Davis Global Fund: net of redemption fees amounting to $1,069, $1,181, and $6,111, for Class A, Class C, and Class Y, respectively.

Davis International Fund: net of redemption fees amounting to $1,503 and $1,797, for Class A and Class Y, respectively.

NOTE 5 - 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, 2021, 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.

DAVIS GLOBAL FUND	Notes to Financial Statements – (Continued)
DAVIS INTERNATIONAL FUND	October 31, 2021

NOTE 6 - 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 $74,531,315 or 5.87% of the Fund’s net assets as of October 31, 2021. The aggregate value of restricted securities in Davis International Fund amounted to $19,634,547 or 5.43% of the Fund’s net assets as of October 31, 2021. 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, 2021
Davis Global Fund	ASAC II L.P.	10/10/13	35,352	$	1.00	$		1.0228
Davis Global Fund	DiDi Global Inc., Class A, ADS	06/30/21	2,171,148	$	7.8392	$		7.6665
Davis Global Fund	Grab Holdings Inc., Series F, Pfd.	08/24/16	2,398,770	$	4.8191	$		10.43
Davis Global Fund	Grab Holdings Inc., Series G, Pfd.	08/02/17	1,881,391	$	5.5419	$		10.43
Davis Global Fund	Missfresh Ltd., Class B, ADS	06/25/21	3,519,779	$	12.8529	$		3.7525
Davis International Fund	DiDi Global Inc., Class A, ADS	06/30/21	886,296	$	8.4471	$		7.6665
Davis International Fund	Grab Holdings Inc., Series F, Pfd.	08/24/16	549,889	$	4.8191	$		10.43
Davis International Fund	Grab Holdings Inc., Series G, Pfd.	08/02/17	286,316	$	5.5419	$		10.43
Davis International Fund	Missfresh Ltd., Class B, ADS	06/25/21	1,097,439	$	12.8529	$		3.7525

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, 2021	$26.13	$0.04	$4.07	$4.11
Year ended October 31, 2020	$23.09	$(0.02)	$3.52	$3.50
Year ended October 31, 2019	$22.56	$0.05	$2.24	$2.29
Year ended October 31, 2018	$25.27	$0.09	$(2.80)	$(2.71)
Year ended October 31, 2017	$19.18	$(0.01)	$6.10	$6.09
Davis Global Fund Class C:
Year ended October 31, 2021	$24.16	$(0.19)	$3.75	$3.56
Year ended October 31, 2020	$21.36	$(0.18)	$3.26	$3.08
Year ended October 31, 2019	$21.10	$(0.11)	$2.08	$1.97
Year ended October 31, 2018	$23.81	$(0.10)	$(2.61)	$(2.71)
Year ended October 31, 2017	$18.21	$(0.16)	$5.76	$5.60
Davis Global Fund Class Y:
Year ended October 31, 2021	$26.25	$0.11	$4.07	$4.18
Year ended October 31, 2020	$23.19	$0.04	$3.55	$3.59
Year ended October 31, 2019	$22.67	$0.10	$2.25	$2.35
Year ended October 31, 2018	$25.35	$0.16	$(2.81)	$(2.65)
Year ended October 31, 2017	$19.20	$0.05	$6.10	$6.15
Davis International Fund Class A:
Year ended October 31, 2021	$13.78	$0.06	$(1.20)	$(1.14)
Year ended October 31, 2020	$11.82	$(0.03)	$2.40	$2.37
Year ended October 31, 2019	$11.28	$0.05	$0.75	$0.80
Year ended October 31, 2018	$12.85	$0.08	$(1.63)	$(1.55)
Year ended October 31, 2017	$9.99	$0.02	$2.85	$2.87
Davis International Fund Class C:
Year ended October 31, 2021	$12.80	$(0.05)	$(1.10)	$(1.15)
Year ended October 31, 2020	$10.99	$(0.13)	$2.24	$2.11
Year ended October 31, 2019	$10.52	$(0.03)	$0.69	$0.66
Year ended October 31, 2018	$12.08	$(0.02)	$(1.54)	$(1.56)
Year ended October 31, 2017	$9.48	$(0.09)	$2.70	$2.61
Davis International Fund Class Y:
Year ended October 31, 2021	$13.61	$0.10	$(1.19)	$(1.09)
Year ended October 31, 2020	$11.68	$– ^e	$2.37	$2.37
Year ended October 31, 2019	$11.16	$0.09	$0.73	$0.82
Year ended October 31, 2018	$12.72	$0.12	$(1.63)	$(1.51)
Year ended October 31, 2017	$9.88	$0.05	$2.83	$2.88

^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.

^c	The ratios in this column reflect the impact, if any, of certain reimbursements.

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

$–	$(0.08)	$–	$(0.08)	$30.16	15.75%	$232,565		0.92%	0.92%	0.11%	35%
$(0.46)	$–	$–	$(0.46)	$26.13	15.38%	$201,247		0.92%	0.92%	(0.06)%	24%
$(0.05)	$(1.71)	$–	$(1.76)	$23.09	11.35%	$194,163		0.98%	0.98%	0.19%	15%
$–	$–	$–	$–	$22.56	(10.72)%	$192,199		0.96%	0.96%	0.35%	37%
$–	$–	$–	$–	$25.27	31.75%	$178,005		0.98%	0.98%	(0.04)%	16%

$–	$(0.08)-	$–	$(0.08)	$27.64	14.75%	$101,611		1.70%	1.70%	(0.67)%	35%
$(0.28)	$–-	$–	$(0.28)	$24.16	14.53%	$102,878		1.70%	1.70%	(0.84)%	24%
$–	$(1.71)	$–	$(1.71)	$21.36	10.51%	$120,247		1.72%	1.72%	(0.55)%	15%
$–	$–	$–	$–	$21.10	(11.38)%	$131,460		1.71%	1.71%	(0.40)%	37%
$–	$–	$–	$–	$23.81	30.75%	$130,942		1.73%	1.73%	(0.79)%	16%

$(0.02)	$(0.08)	$–	$(0.10)	$30.33	15.95%	$934,670		0.69%	0.69%	0.34%	35%
$(0.53)	$–	$–	$(0.53)	$26.25	15.70%	$787,191		0.69%	0.69%	0.17%	24%
$(0.12)	$(1.71)	$–	$(1.83)	$23.19	11.61%	$693,446		0.71%	0.71%	0.46%	15%
$(0.03)	$–	$–	$(0.03)	$22.67	(10.47)%	$721,325		0.70%	0.70%	0.61%	37%
$–	$–	$–	$–	$25.35	32.03%	$664,064		0.70%	0.70%	0.24%	16%

$–	$–	$–	$–	$12.64	(8.27)%	$44,687		1.00%	1.00%	0.40%	16%
$(0.37)	$(0.04)	$– ^e	$(0.41)	$13.78	20.62%	$38,308		0.98%	0.98%	(0.25)%	20%
$(0.07)	$(0.19)	$–	$(0.26)	$11.82	7.29%	$32,321		0.99%	0.99%	0.48%	14%
$(0.02)	$–	$–	$(0.02)	$11.28	(12.11)%	$31,448		1.04%	1.04%	0.63%	17%
$–^e	$(0.01)	$–	$(0.01)	$12.85	28.84%	$15,767		1.05%	1.05%	0.17%	21%

$–	$–	$–	$–	$11.65	(8.98)%	$8,412	1.79%		1.79%	(0.39)%	16%
$(0.26)	$(0.04)	$– ^e	$(0.30)	$12.80	19.58%	$9,892	1.80%		1.80%	(1.07)%	20%
$–	$(0.19)	$–	$(0.19)	$10.99	6.44%	$10,215	1.81%		1.81%	(0.34)%	14%
$–	$–	$–	$–	$10.52	(12.91)%	$10,268	1.85%		1.85%	(0.18)%	17%
$–	$(0.01)	$–	$(0.01)	$12.08	27.60%	$2,380	2.11%		2.11%	(0.89)%	21%

$(0.01)	$–	$–	$(0.01)	$12.51	(8.02)%	$308,356	0.72%		0.72%	0.68%	16%
$(0.40)	$(0.04)	$– ^e	$(0.44)	$13.61	20.90%	$345,572	0.70%		0.70%	0.03%	20%
$(0.11)	$(0.19)	$–	$(0.30)	$11.68	7.61%	$277,119	0.71%		0.71%	0.76%	14%
$(0.05)	$–	$–	$(0.05)	$11.16	(11.91)%	$266,546	0.72%		0.72%	0.95%	17%
$(0.03)	$(0.01)	$–	$(0.04)	$12.72	29.28%	$173,701	0.76%		0.76%	0.46%	21%

^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.

^e	Less than $0.005 per share.

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.:

Opinion on the Financial Statements

We have audited the accompanying statements of assets and liabilities of Davis Global Fund and Davis International Fund (each a series of Davis New York Venture Fund, Inc.) (the “Funds”), including the schedules of investments, as of October 31, 2021, 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 related notes (collectively, the “financial statements”) and the financial highlights for each of the years in the five-year period then ended. In our opinion, the financial statements and financial highlights present fairly, in all material respects, the financial position of each Fund as of October 31, 2021, 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.

Basis for Opinion

These financial statements and financial highlights are the responsibility of the Funds’ management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (“PCAOB”) and are required to be independent with respect to the Funds in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. 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, whether due to error or fraud. Our audits included performing procedures to assess the risks of material misstatement of the financial statements and financial highlights, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements and financial highlights. Such procedures also included confirmation of securities owned as of October 31, 2021, by correspondence with the custodian and brokers or by other appropriate auditing procedures. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements and financial highlights. We believe that our audits provide a reasonable basis for our opinion.

KPMG LLP

We have served as the auditor of one or more Davis Funds investment companies since 1998.

Denver, Colorado

December 21, 2021

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

In early 2022 shareholders will receive information regarding all dividends and distributions paid to them by the Funds during the calendar year 2021. 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 2021 with their 2021 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, if applicable. 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 2021, $1,414,141 of dividends paid by the Fund (including foreign tax credit pass-through) constituted income dividends for federal income tax purposes. The Fund designates $480,776 or 34% as income qualifying for the corporate dividends-received deduction.

For the fiscal year 2021, certain dividends paid by the Fund constitute qualified dividend income for federal income tax purposes. The Fund designates $1,144,404 or 81% as qualified dividend income.

During the fiscal year 2021, the Fund paid long-term capital gain distributions in the amount of $3,473,872. The Fund utilized equalization accounting for tax purposes, whereby a portion of redemption payments was treated as distributions of long-term capital gain. As a result, the Fund designated long-term capital gain distributions in the amount of $13,962,334.

Pursuant to Section 853 of the Internal Revenue Code, the Fund designates $787,288 as foreign taxes paid during the year ended October 31, 2021. Approximately 100% of the ordinary income distribution deemed to be paid during the fiscal year ended October 31, 2021 was derived from foreign sourced income of $10,316,409. 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 International Fund

During the fiscal year 2021, $873,871 of dividends paid by the Fund (including foreign tax credit pass-through) constituted income dividends for federal income tax purposes, of which no amount qualified for the corporate dividends-received deduction.

For the fiscal year 2021, certain dividends paid by the Fund constitute qualified dividend income for federal income tax purposes. The Fund designates $697,555 or 80% as qualified dividend income.

During the fiscal year 2021, the Fund did not pay a long-term capital gain distribution.

Pursuant to Section 853 of the Internal Revenue Code, the Fund designates $615,599 as foreign taxes paid during the year ended October 31, 2021. Approximately 100% of the ordinary income distribution deemed to be paid during the fiscal year ended October 31, 2021 was derived from foreign sourced income of $7,294,197. 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	Liquidity Risk Management Program
DAVIS INTERNATIONAL FUND

Following is a description of the operation and effectiveness of the Liquidity Risk Management Program (“LRMP”) that was adopted by the Board of Directors (the “Board”) in accordance with Rule 22e-4 under the Investment Company Act of 1940 (the “Liquidity Rule”). The Liquidity Rule is meant to promote effective liquidity risk management practices in order to reduce the likelihood that a fund would be unable to meet its redemption obligations.

The Board has appointed Davis Selected Advisers, L.P. (the “Adviser”) to serve as the Administrator of the LRMP, subject to the supervision of the Board. The Adviser has engaged a third party to perform certain functions, including the production of liquidity classification model information.

The Adviser monitors the adequacy and effectiveness of the implementation of the LRMP on an ongoing basis. This monitoring includes a review of the Funds’ liquidity risk based on a variety of factors including the Funds’ (1) investment strategy, (2) portfolio liquidity and cash flow projections during normal and reasonably foreseeable stressed conditions, (3) shareholder redemptions, and (4) borrowing arrangements and other funding sources. The Liquidity Rule places a 15% limit on a fund’s illiquid investments and requires a fund that does not primarily hold assets that are highly liquid investments to determine and maintain a minimum percentage of the funds’ net assets in highly liquid investments (highly liquid investment minimum or HLIM). The LRMP includes provisions and safeguards that are reasonably designed to comply with the 15% limit on illiquid investments and the Funds are currently classified as Funds that primarily hold highly liquid investments. The LRMP includes the classification, no less than monthly, of the Funds’ investments into one of four liquidity classifications as provided for in the Liquidity Rule.

At a recent meeting of the Funds’ Board of Directors, the Adviser provided a written report to the Board pertaining to the operation, adequacy, and effectiveness of implementation of the LRMP from April 1, 2020 through March 31, 2021. The report concluded that the LRMP is operating effectively and is reasonably designed to assess and manage the Funds’ liquidity risk. There can be no guarantee that the LRMP will achieve its objectives in the future. Additional information regarding risks of investing in the Funds, including liquidity risks presented by the Funds’ investment portfolio, is found in the Funds’ Prospectus and Statement of Additional Information.

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

The Funds may, on occasion, mail notices, reports, prospectuses, or proxy material to shareholders. To avoid sending duplicate copies of materials to households, the Funds will mail only one copy of these items 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 have a direct account with the Funds and you do not want the mailing of these documents to be combined with those to other members of your household, please contact Davis Funds by phone at 1-800-279-0279. Your instructions will become effective within 30 days of your notice to the Funds.

DAVIS GLOBAL FUND	Directors and Officers
DAVIS INTERNATIONAL FUND

For the purpose 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. Subject to exceptions and exemptions, which may be granted by the Independent Directors, Directors must retire from the Board of Directors and cease being a Director at the close of business on the last day of the calendar year in which the Director attains age seventy-eight (78).

Name, Date of Birth,

Position(s) Held with

Funds, Length of Service

Principal Occupation(s) During Past Five Years

Number of

Portfolios

Overseen

Other Directorships

Independent Directors


John S. Gates Jr. (08/02/53) Director since 2007	Chairman and Chief Executive Officer of PortaeCo LLC (private investment company).	13	Executive Chairman, TradeLane Properties LLC (industrial real estate company); Director, Miami Corp. (diversified investment company).

Thomas S. Gayner (12/16/61) Director since 2004 Chairman since 2009	Co-Chief Executive Officer and Director, 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 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 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 C. Williams (03/28/51) Director since 1999	Retired; Senior Vice President and Chief Financial Officer, Orbitz Worldwide, Inc. (travel-service provider) 2007-2010.	13	Chairperson, Modine Manufacturing Company (heat transfer technology); Lead Independent Director, Fifth Third Bancorp (diversified financial services).

Interested Directors*


Andrew A. Davis (06/25/63) Director since 1997	President or Vice President of each Davis Fund, Selected Fund, and Clipper 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, Clipper Funds Trust (consisting of one portfolio) since 2014.

Christopher C. Davis (07/13/65) Director since 1997	President or Vice President of each Davis Fund, Selected Fund, Clipper Fund, and Davis ETF; 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.	16	Director, Selected Funds (consisting of two portfolios) since 1998; Trustee, Clipper Funds Trust (consisting of one portfolio) since 2014; Lead Independent Director, Graham Holdings Company (educational and media company); Director, The Coca-Cola Company (beverage company); Director, Berkshire Hathaway Inc. (financial services).

* 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

Lisa J. Cohen (born 04/25/89, Davis Funds officer since 2021). Vice President and Secretary of the Davis Funds (consisting of 13 portfolios), Selected Funds (consisting of two portfolios), Clipper Funds Trust (consisting of one portfolio), and Davis Fundamental ETF Trust (consisting of four portfolios); Vice President, Senior Attorney, and Secretary, Davis Selected Advisers, L.P., and also serves as an executive officer of certain companies affiliated with the Adviser.

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 the Davis Funds (consisting of 13 portfolios), Selected Funds (consisting of two portfolios), and Clipper Funds Trust (consisting of one portfolio); Trustee/Chairman, Executive Vice President, and Principal Executive Officer of Davis Fundamental ETF Trust (consisting of four portfolios); 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 the Davis Funds (consisting of 13 portfolios), Selected Funds (consisting of two portfolios), Clipper Funds Trust (consisting of one portfolio), and Davis Fundamental ETF Trust (consisting of four portfolios); Vice President and Director of Fund Accounting, Davis Selected Advisers, L.P.’

Randi J. Roessler (born 06/26/81, Davis Funds officer since 2018). Vice President and Chief Compliance Officer of the Davis Funds (consisting of 13 portfolios), Selected Funds (consisting of two portfolios), Clipper Funds Trust (consisting of one portfolio), and Davis Fundamental ETF Trust (consisting of four portfolios); 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.

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

DST Asset Manager Solutions, Inc.

c/o The Davis Funds

P.O. Box 219197

Kansas City, Missouri 64121-9197

Overnight Address:

430 West 7^th Street, Suite 219197

Kansas City, Missouri 64105-1407

Custodian

State Street Bank and Trust Co.

One Lincoln Street

Boston, Massachusetts 02111

Legal Counsel

Greenberg Traurig, LLP

1144 15^th Street, Suite 3300

Denver, Colorado 80202

Independent Registered Public Accounting Firm

KPMG LLP

1225 17^th 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.

No substantive amendments were approved or waivers granted to this code of ethics during the period covered by this report.

ITEM 3. AUDIT COMMITTEE FINANCIAL EXPERT

The registrant’s Board of Directors has determined that independent director 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, 2021 and October 31, 2020 were $52,528 and $51,520, 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, 2021 and October 31, 2020 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, 2021 and October 31, 2020 were $19,069 and $18,200, 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, 2021 and October 31, 2020 were $2,350 and $6,180, 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, 2021 and October 31, 2020. 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 Directors 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

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

(b)	Not Applicable

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 Directors.

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. DISCLOSURE OF SECURITIES LENDING ACTIVITIES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES

Not Applicable.

ITEM 13. 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.

(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 21, 2021

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 21, 2021

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

Date: December 21, 2021

DAVIS NEW YORK VENTURE FUND, INC.
2949 East Elvira Road, Suite 101
Tucson, Arizona 85706
(520) 434-3778

RULE 30A-2(A) CERTIFICATION

I, Douglas A. Haines, certify that Davis Global Fund and Davis International Fund, authorized series of Davis New York Venture Fund, Inc.:

1.	I have reviewed this report on Form N-CSR of Davis New York Venture Fund, Inc.;

2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;

4.	The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

	(a)	Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

	(b)	Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

	(c)	Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

	(d)	Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5.	The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

	(a)	All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

	(b)	Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.


/s/ Douglas A. Haines

Douglas A. Haines
Principal Financial Officer and Principal Accounting Officer

Date: December 21, 2021

	Principal Executive Officer:	Kenneth Eich
	Principal Financial Officer:	Douglas Haines
	Principal Accounting Officer:	Douglas Haines