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NYVTX Davis NY Venture A

  • Fund
  • NYVTX
  • Price as of: Jun 05, 2019
  • $27.54 - $0.02 - 0.07%
  • Category
  • Large Cap Blend Equities

NYVTX - Profile

Vitals

  • YTD Return 12.4%
  • 3 Yr Annualized Return -4.5%
  • 5 Yr Annualized Return -8.6%
  • Net Assets $9.49 B
  • Holdings in Top 10 49.3%

52 WEEK LOW AND HIGH

$27.54
$23.13
$35.80

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.88%

SALES FEES

  • Front Load 4.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 25.00%

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 12.4%
  • 3 Yr Annualized Total Return 9.4%
  • 5 Yr Annualized Total Return 7.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.53%
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.

NYVTX - Performance

Return Ranking - Trailing

Period NYVTX Return Category Return Low Category Return High Rank in Category (%)
YTD 12.4% -15.6% 28.5% 60.49%
1 Yr -22.7% -60.5% 30.1% 95.13%
3 Yr -4.5%* -32.6% 21.1% 92.51%
5 Yr -8.6%* -23.4% 11.5% 95.55%
10 Yr 0.7%* -6.4% 18.9% 95.25%

* Annualized


Return Ranking - Calendar

Period NYVTX Return Category Return Low Category Return High Rank in Category (%)
2018 -28.5% -67.0% 16.7% 94.10%
2017 12.2% -32.8% 34.8% 50.92%
2016 -1.2% -28.0% 20.8% 91.79%
2015 -16.2% -46.9% 5.7% 91.85%
2014 -11.0% -24.8% 53.8% 95.63%

Total Return Ranking - Trailing

Period NYVTX Return Category Return Low Category Return High Rank in Category (%)
YTD 12.4% -16.6% 28.5% 60.59%
1 Yr -6.0% -60.7% 30.9% 64.87%
3 Yr 9.4%* -32.6% 22.0% 39.08%
5 Yr 7.2%* -21.1% 13.9% 29.56%
10 Yr 11.2%* -4.0% 23.6% 42.20%

* Annualized


Total Return Ranking - Calendar

Period NYVTX Return Category Return Low Category Return High Rank in Category (%)
2018 -13.0% -67.0% 17.4% 60.63%
2017 22.2% -22.1% 34.8% 14.08%
2016 12.3% -14.7% 21.8% 14.26%
2015 3.1% -23.7% 7.0% 5.78%
2014 6.7% -24.8% 56.3% 67.32%

NAV & Total Return History

NYVTX - Holdings

Concentration Analysis

NYVTX Category Low Category High NYVTX % Rank
Net Assets 9.49 B 1.76 M 804 B 8.57%
Number of Holdings 51 7 3609 73.69%
Net Assets in Top 10 4.45 B 426 K 145 B 5.65%
Weighting of Top 10 49.31% 2.4% 620.5% 16.73%

Top 10 Holdings

  1. Berkshire Hathaway Inc A 6.48%

  2. Wells Fargo & Co 6.35%

  3. Amazon.com Inc 5.44%

  4. Alphabet Inc Class C 5.17%

  5. Capital One Financial Corp 5.01%

  6. United Technologies Corp 4.63%

  7. Facebook Inc A 4.43%

  8. JPMorgan Chase & Co 4.10%

  9. Bank of New York Mellon Corp 3.94%

  10. Apache Corp 3.76%


Asset Allocation

Weighting Return Low Return High NYVTX % Rank
Stocks
95.22% -1.61% 124.73% 74.80%
Preferred Stocks
3.58% -0.37% 6.76% 1.21%
Cash
1.16% -187.97% 79.90% 55.54%
Other
0.05% -7.21% 22.51% 18.15%
Convertible Bonds
0.00% 0.00% 2.23% 78.23%
Bonds
0.00% -0.43% 186.14% 81.25%

Stock Sector Breakdown

Weighting Return Low Return High NYVTX % Rank
Financial Services
36.54% 0.00% 54.06% 1.11%
Technology
21.66% 0.00% 52.42% 49.19%
Industrials
13.09% 0.00% 36.25% 18.79%
Consumer Cyclical
11.06% -14.17% 33.07% 60.81%
Energy
6.16% 0.00% 98.96% 21.01%
Consumer Defense
3.35% 0.00% 64.11% 87.47%
Basic Materials
2.73% 0.00% 25.02% 38.99%
Healthcare
0.35% 0.00% 26.42% 96.87%
Communication Services
0.28% 0.00% 14.58% 87.78%
Utilities
0.00% 0.00% 19.90% 94.44%
Real Estate
0.00% -0.03% 95.70% 95.15%

Stock Geographic Breakdown

Weighting Return Low Return High NYVTX % Rank
US
75.83% -1.61% 122.31% 82.06%
Non US
19.39% -38.73% 92.97% 12.40%

NYVTX - Expenses

Operational Fees

NYVTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.88% 0.00% 153.75% 59.74%
Management Fee 0.52% 0.00% 1.50% 45.77%
12b-1 Fee 0.23% 0.00% 1.00% 21.67%
Administrative Fee N/A 0.00% 0.85% N/A

Sales Fees

NYVTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.75% 1.00% 5.75% 84.52%
Deferred Load N/A 0.95% 5.00% N/A

Trading Fees

NYVTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.15% 2.00% 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 Return Low Category Return High Rank in Category (%)
Turnover 25.00% 0.00% 836.00% 38.34%

NYVTX - Distributions

Dividend Yield Analysis

NYVTX Category Low Category High NYVTX % Rank
Dividend Yield 0.00% 0.00% 0.10% 95.97%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

NYVTX Category Low Category High NYVTX % Rank
Net Income Ratio 0.53% -1.49% 3.64% 72.72%

Capital Gain Distribution Analysis

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

NYVTX - Managers

Christopher Cullom Davis

Manager

Start Date

Tenure

Tenure Rank

Oct 01, 1995

23.68

23.7%

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

Manager

Start Date

Tenure

Tenure Rank

Jan 01, 2014

5.41

5.4%

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

0.01

Category High

83.59

Category Average

7.05

Category Mode

3.71