| Davis Appreciation & Income Fund                                        |                                       |
|-----------------------------------------------------------------------------|---------------------------------------|
| A series of Davis Series, Inc.Class/Ticker: A (RPFCX), C (DCSCX), Y (DCSYX) | Over 50 Years of Reliable InvestingSM |
| Summary Prospectus                                                          | April 29, 2022                        |
| Shareholder Fees(fees paid directly from your investment)                                                                                          | Class A shares | Class C shares | Class Y shares |
|----------------------------------------------------------------------------------------------------------------------------------------------------|----------------|----------------|----------------|
| Maximum Sales Charge (Load) Imposed on Purchases(as a percentage of offering price)                                                                | 4.75%          | None           | None           |
| Maximum Deferred Sales Charge (Load)(as a percentage of the lesser of the net asset value of the shares redeemed or the total cost of such shares) | 0.50%*         | 1.00%          | None           |
| Redemption Fee(as a percentage of total redemption proceeds)                                                                                       | None           | None           | None           |
| Annual Fund Operating Expenses(expenses that you pay each year as a percentage of the value of your investment) | Class A shares | Class C shares | Class Y shares |
|-----------------------------------------------------------------------------------------------------------------|----------------|----------------|----------------|
| Management Fees                                                                                                 | 0.55%          | 0.55%          | 0.55%          |
| Distribution and/or Service (12b-1) Fees                                                                        | 0.24%          | 1.00%          | 0.00%          |
| Other Expenses                                                                                                  | 0.19%          | 0.34%          | 0.11%          |
| Total Annual Operating Expenses                                                                                 | 0.98%          | 1.89%          | 0.66%          |
| Less Fee Waiver or Expense Reimbursement(1)                                                                     | 0.00%          | -0.14%         | 0.00%          |
| Net Expenses                                                                                                    | 0.98%          | 1.75%          | 0.66%          |

| (1) | The Adviser is contractually committed to waive fees and/or reimburse the Fund’s expenses to the extent necessary to cap total                annual fund operating expenses for Class C shares at 1.75%. The Adviser is obligated to continue the expense cap through May 1, 2023. The expense cap cannot be modified prior to this date without the consent of the Board of Directors. After                that date, there is no assurance that the Adviser will continue to cap expenses. The Adviser may not recoup any of the operating expenses it has reimbursed to the Fund. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|           | If you redeem your shares in: | If you did not redeem your shares in: |
|----------------|-------------------------------|---------------------------------------|
|           | 1 Year                        | 3 Years                               | 5 Years | 10 Years | 1 Year | 3 Years | 5 Years | 10 Years |
| Class A shares | $570                          | $772                                  | $991 | $1,619 | $570 | $772 | $991 | $1,619 |
| Class C shares | 278                           | 580                                   | 1,008 | 1,962 | 178 | 580 | 1,008 | 1,962 |
| Class Y shares | 67                            | 211                                   | 368 | 822 | 67 | 211 | 368 | 822 |
| Calendar Year Total Returns for Class A Shares(Sales loads are not reflected in the bar chart and, if these amounts were reflected, returns would be less than those shown.) |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                              | Highest/Lowest quarterly results during the time period were:Highest 15.48%              (quarter ended December 31, 2020)Lowest ‐22.46%              (quarter ended March 31, 2020)Total return for the three months ended March 31, 2022 (non-annualized) was ‐4.09%. |
| Average Annual Total Returns(For the periods ended December 31, 2021, with maximum sales charge) | Past 1 Year | Past 5 Years | Past 10 Years |
|--------------------------------------------------------------------------------------------------|-------------|--------------|---------------|
| Class A shares return before taxes                                                          | 19.76%      | 10.07%       | 8.79%         |
| Class A shares return after taxes on distributions                                          | 19.68%      | 9.78%        | 8.50%         |
| Class A shares return after taxes on distributions and sale of Fund shares                  | 11.75%      | 7.92%        | 7.12%         |
| Class C shares return before taxes                                                          | 23.77%      | 10.28%       | 8.61%         |
| Class Y shares return before taxes                                                          | 26.13%      | 11.50%       | 9.60%         |
| S&P 500® Index reflects no deduction for fees,                expenses or taxes         | 28.71%      | 18.46%       | 16.54%        |
| Davis Appreciation & Income Fund Yield for Class A Shares(For the period ended December 31, 2021) |
|-------------------------------------------------------------------------------------------------------|
| 30-Day SEC Yield:                                                                                     | 0.38% |
| Portfolio Managers | Experience with this Fund | Primary Title with Investment Adviser or Sub-Adviser   |
|--------------------|---------------------------|--------------------------------------------------------|
| Christopher Davis  | Since July 2016           | Chairman, Davis Selected Advisers, L.P.                |
| Creston King       | Since July 2016           | Vice President, Davis Selected Advisers–NY, Inc. |
| Darin Prozes       | Since October 2021        | Vice President, Davis Selected Advisers–NY, Inc. |
| Purchase and Sale of Fund Shares | Class A and C shares | Class Y shares |
|----------------------------------|----------------------|----------------|
| Minimum Initial Investment       | $1,000               | $5,000,000     |
| Minimum Additional Investment    | $25                  | $25            |