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Trending ETFs

Name

As of 03/26/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$58.92

$198 M

1.56%

$0.92

1.00%

Vitals

YTD Return

8.1%

1 yr return

31.2%

3 Yr Avg Return

7.6%

5 Yr Avg Return

10.4%

Net Assets

$198 M

Holdings in Top 10

49.2%

52 WEEK LOW AND HIGH

$59.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.00%

SALES FEES

Front Load 4.75%

Deferred Load N/A

TRADING FEES

Turnover 19.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/26/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$58.92

$198 M

1.56%

$0.92

1.00%

RPFCX - Profile

Distributions

  • YTD Total Return 8.1%
  • 3 Yr Annualized Total Return 7.6%
  • 5 Yr Annualized Total Return 10.4%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 0.41%
DIVIDENDS
  • Dividend Yield 1.6%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Davis Appreciation & Income Fund
  • Fund Family Name
    Davis Funds
  • Inception Date
    Jan 03, 1994
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Christopher Davis

Fund Description

Davis Selected Advisers, L.P. (“Davis Advisors” or the “Adviser”), the Fund’s investment adviser, uses the Davis Investment Discipline to invest Davis Appreciation & Income Fund’s assets in a balanced portfolio of common stock, convertible securities, preferred stock and bonds. The Fund may also hold cash. The Fund may invest in large, medium or small companies without regard to market capitalization and may invest in securities issued by either domestic or foreign companies.
The Fund’s investments in common stock issued by companies across the spectrum of market capitalizations are purchased primarily for their growth potential. Fixed income securities, consisting of both investment grade and high-yield, high-risk debt securities (“junk bonds”), are purchased both for current income and to provide diversification. Convertible securities, which include both preferred stock and bonds and may be “converted” into common stock if the company grows, offer both growth potential, some income and may provide downside protection. In the current market, Davis Advisors’ portfolio managers expect to continue investing a significant portion of the Fund’s assets in convertible securities.
Davis Investment Discipline. Davis Advisors manages equity funds using the Davis Investment Discipline. Davis Advisors conducts extensive research to try to identify businesses that possess characteristics that Davis Advisors believes foster the creation of long-term value, such as proven management, a durable franchise and business model, and sustainable competitive advantages. Davis Advisors aims to invest in such businesses when they are trading at discounts to their intrinsic worth. Davis Advisors emphasizes individual stock selection and believes that the ability to evaluate management is critical. Davis Advisors routinely visits managers at their places of business in order to gain insight into the relative value of different businesses. Such research, however rigorous, involves predictions and forecasts that are inherently uncertain. After determining which companies Davis Advisors believes the Fund should own, Davis Advisors then turns its analysis to determining the intrinsic value of those companies’ equity securities. Davis Advisors seeks companies whose equity securities can be purchased at a discount from Davis Advisors’ estimate of the company’s intrinsic value based upon fundamental analysis of cash flows, assets and liabilities, and other criteria that Davis Advisors deems to be material on a company-by-company basis. Davis Advisors’ goal is to invest in companies for the long term (ideally, five years or longer, although this goal may not be met). Davis Advisors considers selling a company’s equity securities if the securities’ market price exceeds Davis Advisors’ estimates of intrinsic value, if the ratio of the risks and rewards of continuing to own the company’s equity securities is no longer attractive, to raise cash to purchase a more attractive investment opportunity, to satisfy net redemptions or for other purposes.
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RPFCX - Performance

Return Ranking - Trailing

Period RPFCX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.1% -1.0% 22.1% 6.08%
1 Yr 31.2% -0.6% 52.0% 2.03%
3 Yr 7.6%* -6.6% 11.7% 5.59%
5 Yr 10.4%* 0.5% 14.5% 5.75%
10 Yr 6.7%* -0.3% 11.6% 62.20%

* Annualized

Return Ranking - Calendar

Period RPFCX Return Category Return Low Category Return High Rank in Category (%)
2023 19.3% -6.9% 29.3% 1.02%
2022 -17.8% -37.4% -8.2% 24.31%
2021 25.4% -9.8% 25.4% 0.71%
2020 3.8% -21.0% 25.4% 72.39%
2019 17.9% -8.3% 27.9% 23.75%

Total Return Ranking - Trailing

Period RPFCX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.1% -1.0% 22.1% 6.08%
1 Yr 31.2% -0.6% 52.0% 2.03%
3 Yr 7.6%* -6.6% 11.7% 5.59%
5 Yr 10.4%* 0.5% 14.5% 5.75%
10 Yr 6.7%* -0.3% 11.6% 62.20%

* Annualized

Total Return Ranking - Calendar

Period RPFCX Return Category Return Low Category Return High Rank in Category (%)
2023 23.0% -0.9% 33.0% 1.02%
2022 -15.6% -36.0% -0.9% 39.93%
2021 25.7% -7.8% 33.9% 3.53%
2020 4.7% -16.2% 25.4% 86.19%
2019 20.3% 7.3% 34.8% 68.97%

NAV & Total Return History


RPFCX - Holdings

Concentration Analysis

RPFCX Category Low Category High RPFCX % Rank
Net Assets 198 M 1.11 M 113 B 81.48%
Number of Holdings 51 4 2503 34.68%
Net Assets in Top 10 108 M 1.06 M 26.7 B 82.15%
Weighting of Top 10 49.17% 19.8% 102.8% 70.71%

Top 10 Holdings

  1. BERKSHIRE HATHAWAY INC CL B 7.93%
  2. APPLIED MATERIALS INC 6.41%
  3. CAPITAL ONE FINANCIAL CORP 5.77%
  4. WELLS FARGO + CO 5.49%
  5. AMAZON.COM INC 5.40%
  6. QUEST DIAGNOSTICS INC COMMON STOCK USD.01 4.65%
  7. VIATRIS INC COMMON STOCK 4.05%
  8. INTEL CORP 3.30%
  9. ALPHABET INC CL C 3.13%
  10. OWENS CORNING COMMON STOCK USD.001 3.03%

Asset Allocation

Weighting Return Low Return High RPFCX % Rank
Stocks
78.89% 0.00% 100.68% 68.35%
Bonds
16.10% 0.00% 104.15% 20.88%
Other
4.93% -0.24% 31.76% 5.05%
Cash
0.08% -7.71% 88.58% 76.43%
Preferred Stocks
0.00% 0.00% 18.32% 81.82%
Convertible Bonds
0.00% 0.00% 26.48% 96.27%

Stock Sector Breakdown

Weighting Return Low Return High RPFCX % Rank
Financial Services
52.80% 0.28% 52.80% 0.68%
Technology
20.38% 3.31% 52.93% 41.69%
Communication Services
10.12% 0.00% 26.62% 13.56%
Healthcare
10.10% 0.00% 36.30% 89.15%
Consumer Cyclical
5.43% 0.00% 16.01% 85.76%
Industrials
1.16% 1.16% 32.55% 99.66%
Utilities
0.00% 0.00% 31.67% 97.29%
Real Estate
0.00% 0.00% 33.86% 97.29%
Energy
0.00% 0.00% 29.22% 98.31%
Consumer Defense
0.00% 0.00% 14.86% 97.97%
Basic Materials
0.00% 0.00% 11.49% 99.32%

Stock Geographic Breakdown

Weighting Return Low Return High RPFCX % Rank
US
70.16% 0.00% 100.68% 69.02%
Non US
8.73% 0.00% 20.19% 13.80%

Bond Sector Breakdown

Weighting Return Low Return High RPFCX % Rank
Securitized
30.00% 0.00% 37.97% 7.46%
Corporate
29.97% 0.00% 98.43% 52.54%
Government
4.04% 0.00% 99.71% 84.41%
Derivative
0.00% -0.37% 31.76% 67.00%
Cash & Equivalents
0.00% 0.00% 85.16% 91.58%
Municipal
0.00% 0.00% 17.02% 89.15%

Bond Geographic Breakdown

Weighting Return Low Return High RPFCX % Rank
US
16.10% 0.00% 104.15% 20.54%
Non US
0.00% 0.00% 2.72% 77.78%

RPFCX - Expenses

Operational Fees

RPFCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.00% 0.04% 4.67% 49.49%
Management Fee 0.55% 0.00% 1.25% 75.76%
12b-1 Fee 0.24% 0.00% 1.00% 19.43%
Administrative Fee N/A 0.01% 0.28% N/A

Sales Fees

RPFCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.75% 2.00% 5.75% 72.34%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

RPFCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.00% 2.00% N/A

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.

RPFCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 19.00% 4.00% 236.00% 33.10%

RPFCX - Distributions

Dividend Yield Analysis

RPFCX Category Low Category High RPFCX % Rank
Dividend Yield 1.56% 0.00% 10.56% 36.03%

Dividend Distribution Analysis

RPFCX Category Low Category High Category Mod
Dividend Distribution Frequency None Annual Quarterly Quarterly

Net Income Ratio Analysis

RPFCX Category Low Category High RPFCX % Rank
Net Income Ratio 0.41% -1.12% 6.07% 83.33%

Capital Gain Distribution Analysis

RPFCX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Semi-Monthly Annually

Distributions History

View More +

RPFCX - Fund Manager Analysis

Managers

Christopher Davis


Start Date

Tenure

Tenure Rank

Jul 01, 2016

5.92

5.9%

Christopher Davis, Portfolio Manager, 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.

Creston King


Start Date

Tenure

Tenure Rank

Jul 01, 2016

5.92

5.9%

Mr. King is a portfolio manager with Davis Selected Advisors, his employer since 1999. Previously, he was a portfolio manager at U.S. Global Advisors from 1993 to 1999. Prior to that, he served as a broker at Southwest Securities for one year. Mr. King holds the Chartered Financial Analyst designation.

Darin Prozes


Start Date

Tenure

Tenure Rank

Oct 25, 2021

0.6

0.6%

Darin Prozes - Vice President, Research Analyst Darin Prozes joined Davis Advisors in 2004. Prior to joining Davis, Mr. Prozes worked as a Senior Associate at The Parthenon Group, a strategy consulting firm with offices in Boston and San Francisco. He holds an M.B.A. from the Stanford Graduate School of Business and a B.A. from Princeton University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 38.44 7.41 2.41