NYVTX: Davis NY Venture A

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NYVTX Davis NY Venture A

  • Fund
  • NYVTX
  • Price as of: Dec 06, 2019
  • $29.70
    + $0.34 + 1.16%

Profile

NYVTX - Profile

Vitals

  • YTD Return 21.2%
  • 3 Yr Annualized Return -3.3%
  • 5 Yr Annualized Return -6.1%
  • Net Assets $8.9 B
  • Holdings in Top 10 52.0%

52 WEEK LOW AND HIGH

$29.70
$23.13
$29.93

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.89%

SALES FEES

  • Front Load 4.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 17.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000
  • IRA $1,000

Fund Classification


Distributions

  • YTD Total Return 21.2%
  • 3 Yr Annualized Total Return 8.2%
  • 5 Yr Annualized Total Return 8.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.70%
DIVIDENDS
  • Dividend Yield 0.0%
  • 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.


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Categories

Performance

NYVTX - Performance

Return Ranking - Trailing

Period NYVTX Return Category Return Low Category Return High Rank in Category (%)
YTD 21.2% -58.5% 67.7% 26.78%
1 Yr 5.1% -95.1% 59.2% 55.98%
3 Yr -3.3%* -62.6% 38.3% 87.64%
5 Yr -6.1%* -45.7% 28.8% 93.00%
10 Yr -0.1%* -12.9% 31.6% 92.84%

* Annualized

Return Ranking - Calendar

Period NYVTX Return Category Return Low Category Return High Rank in Category (%)
2018 -28.5% -100.0% 23.6% 97.19%
2017 12.2% -55.3% 69.8% 31.06%
2016 -1.2% -56.6% 80.1% 82.99%
2015 -16.2% -50.8% 22.5% 85.09%
2014 -11.0% -87.7% 249.9% 95.71%

Total Return Ranking - Trailing

Period NYVTX Return Category Return Low Category Return High Rank in Category (%)
YTD 21.2% -58.5% 67.7% 26.78%
1 Yr 15.2% -61.9% 59.2% 15.95%
3 Yr 8.2%* -34.2% 38.3% 32.55%
5 Yr 8.3%* -32.5% 28.8% 17.06%
10 Yr 10.3%* -12.9% 31.6% 34.48%

* Annualized

Total Return Ranking - Calendar

Period NYVTX Return Category Return Low Category Return High Rank in Category (%)
2018 -13.0% -100.0% 23.6% 65.63%
2017 22.2% -55.3% 69.8% 18.54%
2016 12.3% -56.6% 80.1% 31.77%
2015 3.1% -50.8% 30.8% 9.43%
2014 6.7% -87.7% 249.9% 48.57%

NAV & Total Return History


Holdings

NYVTX - Holdings

Concentration Analysis

NYVTX Category Low Category High NYVTX % Rank
Net Assets 8.9 B 462 K 106 B 11.92%
Number of Holdings 51 1 6176 61.34%
Net Assets in Top 10 4.67 B -642 M 25.8 B 9.10%
Weighting of Top 10 52.04% 0.0% 20474.3% 27.17%

Top 10 Holdings

  1. Wells Fargo & Co 6.33%
  2. Berkshire Hathaway Inc A 6.07%
  3. Capital One Financial Corp 5.78%
  4. Amazon.com Inc 5.59%
  5. Alphabet Inc Class C 5.33%
  6. New Oriental Education & Technology Group Inc ADR 5.20%
  7. United Technologies Corp 4.99%
  8. Facebook Inc A 4.52%
  9. JPMorgan Chase & Co 4.51%
  10. Applied Materials Inc 3.73%

Asset Allocation

Weighting Return Low Return High NYVTX % Rank
Stocks
95.24% -46.11% 101.23% 13.03%
Other
3.77% -7288.76% 31.15% 8.40%
Cash
1.00% -6.92% 7388.76% 90.20%
Preferred Stocks
0.00% -0.48% 19.87% 84.59%
Convertible Bonds
0.00% -0.02% 17.79% 78.43%
Bonds
0.00% -11.97% 45.27% 86.55%

Stock Sector Breakdown

Weighting Return Low Return High NYVTX % Rank
Financial Services
38.28% -23.60% 71.54% 1.28%
Technology
24.73% -90.00% 73.59% 12.11%
Consumer Cyclical
11.35% -18.86% 290.60% 22.93%
Industrials
8.12% -24.82% 58.12% 44.30%
Consumer Defense
5.20% -66.89% 53.36% 42.45%
Energy
4.49% -7.00% 96.18% 38.32%
Healthcare
1.66% -5.40% 79.31% 77.07%
Basic Materials
1.01% -35.69% 71.11% 68.38%
Communication Services
0.36% -92.49% 42.32% 71.51%
Utilities
0.00% -18.34% 75.11% 85.75%
Real Estate
0.00% -42.91% 51.03% 85.33%

Stock Geographic Breakdown

Weighting Return Low Return High NYVTX % Rank
US
75.73% -24.97% 84.31% 35.85%
Non US
19.51% -48.75% 62.12% 12.75%

Expenses

NYVTX - Expenses

Operational Fees

NYVTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.89% 0.04% 11.84% 83.45%
Management Fee 0.53% 0.00% 2.94% 20.84%
12b-1 Fee 0.23% 0.00% 1.00% 23.98%
Administrative Fee N/A 0.01% 1.12% N/A

Sales Fees

NYVTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.75% 0.00% 5.75% 86.72%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

NYVTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 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.

NYVTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 17.00% 0.00% 5067.00% 22.00%

Distributions

NYVTX - Distributions

Dividend Yield Analysis

NYVTX Category Low Category High NYVTX % Rank
Dividend Yield 0.00% 0.00% 14.21% 91.33%

Dividend Distribution Analysis

NYVTX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Monthly Quarterly

Net Income Ratio Analysis

NYVTX Category Low Category High NYVTX % Rank
Net Income Ratio 0.70% -8.87% 4.47% 37.12%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

NYVTX - Fund Manager Analysis

Managers

Christopher Cullom Davis


Start Date

Tenure

Tenure Rank

Oct 01, 1995

24.18

24.2%

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.

Danton Goei


Start Date

Tenure

Tenure Rank

Jan 01, 2014

5.92

5.9%

Danton G. Goei joined Davis Advisors in 1998. He is the portfolio manager for the Davis Global Fund. Mr. Goei received his B.A. from Georgetown University and his M.B.A. from The Wharton School. He was previously employed at Bain & Company, Morgan Stanley Asia Ltd. and Citicorp. Mr. Goei speaks multiple languages and has lived in Europe and Asia, and currently resides in New York City. Mr. Goei has an M.B.A. from The Wharton School and a B.A. from Georgetown University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.0 40.94 7.94 6.17