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NYVTX Davis NY Venture A

  • Fund
  • NYVTX
  • Price as of: Aug 08, 2016
  • $30.19
  • + $0.11
  • + 0.37%
  • Category
  • Large Cap Blend Equities

NYVTX - Profile

Vitals

  • YTD Return -2.3%
  • 3 Yr Annualized Return 7.9%
  • 5 Yr Annualized Return 10.3%
  • Net Assets $12.1 B
  • Holdings in Top 10 45.4%

52 WEEK LOW AND HIGH

$30.19
$25.94
$35.24

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.86%

SALES FEES

  • Front Load 4.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 23.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000

IRA

$1,000

Investment Themes

CATEGORY

Large Cap Blend Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Large Blend

Distributions

  • YTD Total Return -2.3%
  • 3 Yr Annualized Total Return 6.2%
  • 5 Yr Annualized Total Return 9.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.39%
DIVIDENDS
  • Dividend Yield 0.3%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name Davis New York Venture Fund
  • Fund Family Name Davis Funds
  • Inception Date Feb 17, 1969
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager Christopher Cullom Davis

Fund Description

The Davis New York Venture Fund Class A (NYVTX) is an actively managed fund that seeks to grow capital over the long term. The fund uses a propriety screening methodology to uncover durable, well-managed businesses trading for low prices. NYVTX focuses on large-cap U.S. stocks, holding them for many yields. There are no sector requirements and the fund may be undiversified at times.

Given its actively managed tilt and value focus, NYVTX can be used as a subcore position in a broader equity portfolio. The fund is managed by Davis Selected Advisors.

NYVTX - Performance

Return Ranking - Trailing

Period NYVTX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -2.3% -82.7% 66.9% 86.76% 5
1 Yr 0.6% -18.8% 20.8% 59.64% 4
3 Yr 7.9% * -3.8% 21.2% 62.79% 4
5 Yr 10.3% * -1.7% 21.8% 65.99% 4
10 Yr 5.4% * 0.6% 11.3% 80.06% 5

* Annualized


Return Ranking - Calendar

Period NYVTX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -16.2% -58.7% 5.7% 88.04% 5
2014 N/A 0.2% 11.5% N/A N/A
2013 N/A 12.5% 31.1% N/A N/A
2012 N/A 9.2% 16.4% N/A N/A
2011 N/A -3.8% 5.9% N/A N/A

Total Return Ranking - Trailing

Period NYVTX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -2.3% -82.7% 66.9% 87.05% 5
1 Yr -4.2% -21.2% 20.8% 82.02% 5
3 Yr 6.2% * -3.8% 21.2% 77.69% 4
5 Yr 9.2% * -1.7% 21.8% 74.24% 4
10 Yr 4.9% * 0.6% 11.3% 87.59% 5

* Annualized


Total Return Ranking - Calendar

Period NYVTX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -16.2% -58.7% 5.7% 88.08% 5
2014 N/A 2.0% 13.2% N/A N/A
2013 N/A 23.2% 39.5% N/A N/A
2012 N/A 11.6% 23.6% N/A N/A
2011 N/A -2.1% 8.0% N/A N/A

NAV & Total Return History

NYVTX - Holdings

Filings data as of: Apr 30, 2016

Concentration Analysis

NYVTX Category Low Category High NYVTX % Rank Quintile
Net Assets 12.1 B 9.87 K 458 B 1.58% 1
Number of Holdings 58 1 3780 14.39% 4
Net Assets in Top 10 5.65 B -18.9 K 63.6 B 0.86% 1
Weighting of Top 10 45.4% 0.0% 299.6% 8.06% 1

Top 10 Holdings

  1. Wells Fargo & Co 4.85%
  2. American Express Co 3.30%
  3. Berkshire Hathaway Inc A 5.19%
  4. Amazon.com Inc 6.95%
  5. JPMorgan Chase & Co 4.78%
  6. Alphabet Inc C 4.17%
  7. Asac Ii Lp Unit Sealed 4.96%
  8. United Technologies Corp 3.94%
  9. Monsanto Co 3.31%
  10. Apache Corp 3.96%

Asset Allocation

Weighting Category Low Category High NYVTX % Rank Quintile
Stocks
98.73% -0.95% 136.86% 6.82% 2
Cash
1.27% -98.69% 132.07% 18.56% 3
Other
0.00% -81.75% 100.00% 9.50% 4
Convertible Bonds
0.00% 0.00% 85.35% 1.80% 3
Preferred Stocks
0.00% 0.00% 10.32% 3.02% 3
Bonds
0.00% -37.58% 98.94% 5.74% 3

Stock Sector Breakdown

Weighting Category Low Category High NYVTX % Rank Quintile
Financial Services
29.49% 0.00% 47.89% 1.16% 1
Consumer Cyclical
14.81% 0.00% 70.69% 5.21% 1
Technology
12.10% 0.00% 51.32% 21.94% 4
Basic Materials
10.01% 0.00% 24.37% 1.16% 1
Energy
9.84% -2.91% 25.38% 4.49% 1
Industrials
6.78% 0.00% 41.49% 25.13% 5
Healthcare
5.44% 0.00% 29.64% 26.50% 5
Communication Services
2.07% -0.78% 17.25% 16.65% 4
Consumer Defense
1.41% 0.00% 51.54% 27.59% 5
Real Estate
0.00% -0.11% 11.80% 18.90% 5
Utilities
0.00% -3.20% 25.88% 19.55% 5

Stock Geographic Breakdown

Weighting Category Low Category High NYVTX % Rank Quintile
US
86.54% -0.95% 136.86% 23.24% 4
Non US
12.19% -0.69% 94.73% 5.25% 1

NYVTX - Expenses

Operational Fees

NYVTX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.86% 0.02% 303.36% 16.74% 2
Management Fee 0.51% 0.00% 2.25% 3.88% 2
12b-1 Fee 0.22% 0.00% 1.00% 2.32% 1
Administrative Fee N/A 0.00% 0.45% N/A N/A

Sales Fees

NYVTX Fees (% of AUM) Category Low Category High NYVTX Rank Quintile
Front Load 4.75% 0.00% 5.75% 2.19% 1
Deferred Load N/A 0.00% 5.00% N/A N/A

Trading Fees

NYVTX Fees (% of AUM) Category Low Category High NYVTX Rank Quintile
Max Redemption Fee N/A 0.15% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

NYVTX Fees (% of AUM) Category Low Category High NYVTX Rank Quintile
Turnover 23.00% 0.00% 1596.00% 13.06% 2

NYVTX - Distributions

Dividend Yield Analysis

NYVTX Category Low Category High NYVTX % Rank Quintile
Dividend Yield 0.3% 0.00% 11.20% 25.07% 2

Dividend Distribution Analysis

NYVTX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

NYVTX Category Low Category High NYVTX % Rank Quintile
Net Income Ratio 0.39% -2.19% 5.26% 15.66% 4

Capital Gain Distribution Analysis

NYVTX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

NYVTX - Managers

Christopher Cullom Davis

Manager

Start Date

Oct 01, 1995

Tenure

20.85

Tenure Rank

0.9%

Christopher Davis is a research analyst and Chair of the Portfolio Review Committee which oversees the management of the Davis Global, International and All-Cap Strategies. Mr. Davis with Danton Goei is Portfolio Manager for all large cap equity and concentrated equity portfolios. Mr. Davis joined the firm in 1989 after working as a securities analyst. He received his M.A. from the University of St. Andrews in Scotland.


Danton Goei

Manager

Start Date

Jan 01, 2014

Tenure

2.58

Tenure Rank

9.9%

Danton Goei joined Davis Advisors in 1998. He has served as a Portfolio Manager since January 2014 and also manages other equity funds advised by Davis Advisors. Previously, he was employed at Bain & Company, Morgan Stanely Asia Ltd., and Citicorp Securities. Mr. Goei has an M.B.A. from The Wharton School and a B.A. from Georgetown University.


Tenure Analysis

Category Low

0.0

Category High

80.8

Category Average

6.03

Category Mode

1.6