RFBAX: Davis Government Bond Fund - MutualFunds.com

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Davis Government Bond A

RFBAX - Snapshot

Vitals

  • YTD Return 0.6%
  • 3 Yr Annualized Return 1.7%
  • 5 Yr Annualized Return 1.0%
  • Net Assets $31.1 M
  • Holdings in Top 10 38.3%

52 WEEK LOW AND HIGH

$5.40
$5.36
$5.45

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.09%

SALES FEES

  • Front Load 4.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 13.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000
  • IRA N/A

Fund Classification


Compare RFBAX to Popular Short-Term U.S. Treasury Note Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$86.39

+0.01%

$21.20 B

1.18%

$1.02

2.08%

-

$20.68

0.00%

$13.40 B

1.35%

$0.28

1.97%

-

$61.99

-0.02%

$13.40 B

1.37%

$0.85

1.91%

-

$10.91

0.00%

$9.29 B

0.99%

$0.11

3.02%

-

$8.11

-0.12%

$8.65 B

2.23%

$0.18

0.37%

-

RFBAX - Profile

Distributions

  • YTD Total Return 0.6%
  • 3 Yr Annualized Total Return 0.0%
  • 5 Yr Annualized Total Return 0.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.59%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Davis Government Bond Fund
  • Fund Family Name
    Davis Funds
  • Inception Date
    Dec 01, 1994
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Creston King

Fund Description

The fund invests exclusively in U.S. Treasury securities, U.S. government agency securities, U.S. government agency mortgage securities (collectively "U.S. government securities"), and repurchase agreements collateralized by U.S. government securities. Under normal circumstances, the fund's portfolio will maintain a weighted average maturity of three years or less.


RFBAX - Performance

Return Ranking - Trailing

Period RFBAX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.6% -1.3% 5.9% 75.82%
1 Yr 1.7% 0.5% 5.5% 86.17%
3 Yr 1.7%* 0.9% 4.1% 87.23%
5 Yr 1.0%* 0.2% 3.0% 89.36%
10 Yr 0.7%* -0.1% 2.4% 84.88%

* Annualized

Return Ranking - Calendar

Period RFBAX Return Category Return Low Category Return High Rank in Category (%)
2019 1.5% -1.4% 3.3% 26.97%
2018 -0.8% -80.0% 0.1% 43.18%
2017 -0.4% -4.6% 0.4% 11.90%
2016 -0.9% -4.1% 900.0% 75.00%
2015 -0.4% -3.6% 22.5% 28.05%

Total Return Ranking - Trailing

Period RFBAX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.6% -1.3% 5.9% 75.82%
1 Yr -3.1% -3.1% 5.5% 100.00%
3 Yr 0.0%* 0.0% 4.1% 100.00%
5 Yr 0.0%* 0.0% 3.0% 100.00%
10 Yr 0.2%* -0.1% 2.4% 97.65%

* Annualized

Total Return Ranking - Calendar

Period RFBAX Return Category Return Low Category Return High Rank in Category (%)
2019 1.5% -1.4% 3.3% 26.97%
2018 -0.8% -80.0% 2.2% 46.59%
2017 -0.4% -4.6% 1.2% 20.24%
2016 -0.9% -4.1% 900.0% 78.57%
2015 -0.4% -3.6% 22.5% 34.15%

NAV & Total Return History


RFBAX - Holdings

Concentration Analysis

RFBAX Category Low Category High RFBAX % Rank
Net Assets 31.1 M 1.55 M 21.2 B 96.84%
Number of Holdings 50 1 1629 81.05%
Net Assets in Top 10 12.5 M 1.39 M 10.3 B 94.74%
Weighting of Top 10 38.28% 17.3% 100.0% 45.98%

Top 10 Holdings

  1. FHLMC Pc Prepay Prm 30 2.86% 5.73%
  2. Government National Mortgage Association 1% 4.95%
  3. Federal Home Loan Mortgage Corporation 4% 4.00%
  4. Government National Mortgage Association 1% 3.69%
  5. Government National Mortgage Association 1.45% 3.61%
  6. Federal Home Loan Mortgage Corporation 2.5% 3.52%
  7. Federal National Mortgage Association 3% 3.38%
  8. Federal National Mortgage Association 3.09% 3.30%
  9. Federal Farm Credit Banks 0.27% 3.06%
  10. Government National Mortgage Association 2.25% 3.02%

Asset Allocation

Weighting Return Low Return High RFBAX % Rank
Bonds
81.53% 39.95% 102.57% 91.58%
Cash
18.47% -8.33% 60.05% 9.47%
Stocks
0.00% 0.00% 0.00% 62.11%
Preferred Stocks
0.00% 0.00% 0.00% 62.11%
Other
0.00% 0.00% 5.77% 62.11%
Convertible Bonds
0.00% 0.00% 0.00% 62.11%

Bond Sector Breakdown

Weighting Return Low Return High RFBAX % Rank
Securitized
78.47% 0.00% 94.35% 20.00%
Cash & Equivalents
18.47% 0.00% 60.05% 9.47%
Government
3.06% 0.00% 100.00% 81.05%
Derivative
0.00% 0.00% 0.10% 62.11%
Corporate
0.00% 0.00% 48.60% 68.42%
Municipal
0.00% 0.00% 6.03% 65.26%

Bond Geographic Breakdown

Weighting Return Low Return High RFBAX % Rank
US
81.53% 39.95% 102.57% 90.53%
Non US
0.00% -1.37% 17.39% 63.16%

RFBAX - Expenses

Operational Fees

RFBAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.09% 0.03% 2.31% 20.43%
Management Fee 0.30% 0.03% 0.80% 28.72%
12b-1 Fee 0.20% 0.00% 1.00% 30.00%
Administrative Fee N/A 0.05% 0.45% N/A

Sales Fees

RFBAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.75% 1.50% 4.75% 9.09%
Deferred Load N/A 0.50% 1.00% N/A

Trading Fees

RFBAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 0.25% 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.

RFBAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 13.00% 0.00% 499.00% 8.89%

RFBAX - Distributions

Dividend Yield Analysis

RFBAX Category Low Category High RFBAX % Rank
Dividend Yield 0.00% 0.00% 1.67% 69.47%

Dividend Distribution Analysis

RFBAX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

RFBAX Category Low Category High RFBAX % Rank
Net Income Ratio 1.59% 0.47% 2.73% 60.87%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

RFBAX - Fund Manager Analysis

Managers

Creston King


Start Date

Tenure

Tenure Rank

Aug 01, 1999

21.27

21.3%

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 34.85 10.38 5.75
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