Davis Government Money Market Fund
Name
As of 12/20/2024Price
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
Vitals
YTD Return
4.7%
1 yr return
4.7%
3 Yr Avg Return
3.3%
5 Yr Avg Return
2.0%
Net Assets
$1.37 B
Holdings in Top 10
75.1%
52 WEEK LOW AND HIGH
$1.0
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.69%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
N/A
Fund Classification
Fund Type
Money Market Fund
Name
As of 12/20/2024Price
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
RPGXX - Profile
Distributions
- YTD Total Return 4.7%
- 3 Yr Annualized Total Return 3.3%
- 5 Yr Annualized Total Return 2.0%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.04%
- Dividend Yield 4.1%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameDavis Government Money Market Fund
-
Fund Family NameDavis Funds
-
Inception DateApr 01, 2011
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerCreston King
Fund Description
The Fund is a money market fund that seeks to preserve the value of your investment at $1.00 per share. There can be no guarantee that the Fund will be successful in maintaining a $1.00 share price.
Davis Government Money Market 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. As a government money market fund, the Fund normally invests at least 99.5% of its total assets in U.S. Government Securities, repurchase agreements collateralized by cash and/or U.S. Government Securities, and cash. The Fund seeks to maintain liquidity and preserve capital by carefully monitoring the maturity of its investments. The Fund’s portfolio maintains a dollar-weighted average maturity of sixty days or less.
RPGXX - Performance
Return Ranking - Trailing
| Period | RPGXX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 4.7% | 0.5% | 10.4% | 80.94% |
| 1 Yr | 4.7% | 0.5% | 10.4% | 83.66% |
| 3 Yr | 3.3%* | 0.7% | 5.4% | 83.90% |
| 5 Yr | 2.0%* | 0.5% | 3.3% | 79.14% |
| 10 Yr | N/A* | 0.4% | 32.5% | 60.18% |
* Annualized
Return Ranking - Calendar
| Period | RPGXX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 0.0% | -0.1% | 5.0% | 35.79% |
| 2022 | 0.0% | 0.0% | 1.2% | 36.62% |
| 2021 | 0.0% | 0.0% | 0.0% | 36.26% |
| 2020 | 0.0% | 0.0% | 0.4% | 36.75% |
| 2019 | 0.0% | 0.0% | 2.0% | 37.42% |
Total Return Ranking - Trailing
| Period | RPGXX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 4.7% | 0.5% | 10.4% | 80.94% |
| 1 Yr | 4.7% | 0.5% | 10.4% | 83.66% |
| 3 Yr | 3.3%* | 0.7% | 5.4% | 83.90% |
| 5 Yr | 2.0%* | 0.5% | 3.3% | 79.14% |
| 10 Yr | N/A* | 0.4% | 32.5% | 60.18% |
* Annualized
Total Return Ranking - Calendar
| Period | RPGXX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 4.7% | 0.8% | 5.9% | 77.16% |
| 2022 | 1.1% | 0.0% | 1.7% | 64.94% |
| 2021 | 0.0% | 0.0% | 1.9% | 8.52% |
| 2020 | 0.2% | 0.0% | 3.0% | 81.02% |
| 2019 | 1.9% | 0.0% | 3797.9% | 52.20% |
NAV & Total Return History
RPGXX - Holdings
Concentration Analysis
| RPGXX | Category Low | Category High | RPGXX % Rank | |
|---|---|---|---|---|
| Net Assets | 1.37 B | 818 K | 211 B | 23.02% |
| Number of Holdings | 21 | 1 | 346 | 79.16% |
| Net Assets in Top 10 | 81.4 M | 147 K | 163 B | 98.76% |
| Weighting of Top 10 | 75.10% | 22.7% | 100.0% | 35.46% |
Top 10 Holdings
- Stonex Group Inc. Joint Repurchase Agreement 50.52%
- Stonex Group Inc. Joint Repurchase Agreement 50.52%
- Stonex Group Inc. Joint Repurchase Agreement 50.52%
- Stonex Group Inc. Joint Repurchase Agreement 50.52%
- Stonex Group Inc. Joint Repurchase Agreement 50.52%
- Stonex Group Inc. Joint Repurchase Agreement 50.52%
- Stonex Group Inc. Joint Repurchase Agreement 50.52%
- Stonex Group Inc. Joint Repurchase Agreement 50.52%
- Stonex Group Inc. Joint Repurchase Agreement 50.52%
- Stonex Group Inc. Joint Repurchase Agreement 50.52%
Asset Allocation
| Weighting | Return Low | Return High | RPGXX % Rank | |
|---|---|---|---|---|
| Cash | 72.63% | 25.56% | 100.00% | 70.05% |
| Bonds | 27.37% | 0.00% | 74.44% | 29.70% |
| Stocks | 0.00% | 0.00% | 0.00% | 36.88% |
| Preferred Stocks | 0.00% | 0.00% | 0.00% | 36.88% |
| Other | 0.00% | -1.67% | 0.04% | 37.13% |
| Convertible Bonds | 0.00% | 0.00% | 21.22% | 41.83% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | RPGXX % Rank | |
|---|---|---|---|---|
| Cash & Equivalents | 72.63% | 0.00% | 100.00% | 66.58% |
| Government | 27.37% | 0.00% | 44.01% | 28.96% |
| Derivative | 0.00% | 0.00% | 0.00% | 36.88% |
| Securitized | 0.00% | 0.00% | 1.75% | 38.86% |
| Corporate | 0.00% | 0.00% | 100.00% | 49.75% |
| Municipal | 0.00% | 0.00% | 22.71% | 41.09% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | RPGXX % Rank | |
|---|---|---|---|---|
| US | 27.37% | 0.00% | 72.86% | 29.70% |
| Non US | 0.00% | 0.00% | 3.41% | 38.12% |
RPGXX - Expenses
Operational Fees
| RPGXX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.69% | 0.07% | 2.23% | 18.56% |
| Management Fee | 0.30% | 0.03% | 0.50% | 88.37% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 10.53% |
| Administrative Fee | N/A | 0.01% | 0.55% | N/A |
Sales Fees
| RPGXX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 5.75% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
| RPGXX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 5.00% | 5.00% | 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.
| RPGXX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 0.00% | 485.00% | N/A |
RPGXX - Distributions
Dividend Yield Analysis
| RPGXX | Category Low | Category High | RPGXX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 4.07% | 0.00% | 5.42% | 82.92% |
Dividend Distribution Analysis
| RPGXX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
| RPGXX | Category Low | Category High | RPGXX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.04% | -1.09% | 1.67% | 5.57% |
Capital Gain Distribution Analysis
| RPGXX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Nov 29, 2024 | $0.003 | OrdinaryDividend |
| Oct 31, 2024 | $0.004 | OrdinaryDividend |
| Sep 30, 2024 | $0.004 | OrdinaryDividend |
| Aug 30, 2024 | $0.004 | OrdinaryDividend |
| Jul 31, 2024 | $0.004 | OrdinaryDividend |
| Apr 30, 2024 | $0.004 | OrdinaryDividend |
| Mar 31, 2024 | $0.004 | OrdinaryDividend |
| Feb 29, 2024 | $0.004 | OrdinaryDividend |
| Jan 31, 2024 | $0.004 | OrdinaryDividend |
| Dec 29, 2023 | $0.004 | OrdinaryDividend |
| Nov 30, 2023 | $0.004 | OrdinaryDividend |
| Oct 31, 2023 | $0.004 | OrdinaryDividend |
| Sep 29, 2023 | $0.004 | OrdinaryDividend |
| Aug 31, 2023 | $0.004 | OrdinaryDividend |
| Jul 31, 2023 | $0.004 | OrdinaryDividend |
| Jun 30, 2023 | $0.004 | OrdinaryDividend |
| May 31, 2023 | $0.004 | OrdinaryDividend |
| Apr 28, 2023 | $0.003 | OrdinaryDividend |
| Mar 31, 2023 | $0.003 | OrdinaryDividend |
| Feb 28, 2023 | $0.003 | OrdinaryDividend |
| Jan 31, 2023 | $0.003 | OrdinaryDividend |
| Dec 30, 2022 | $0.003 | OrdinaryDividend |
| Nov 30, 2022 | $0.003 | OrdinaryDividend |
| Oct 31, 2022 | $0.002 | OrdinaryDividend |
| Sep 30, 2022 | $0.001 | OrdinaryDividend |
| Aug 31, 2022 | $0.001 | OrdinaryDividend |
| Jul 29, 2022 | $0.001 | OrdinaryDividend |
| Jun 29, 2022 | $0.000 | OrdinaryDividend |
| May 27, 2022 | $0.000 | OrdinaryDividend |
| Apr 28, 2022 | $0.000 | OrdinaryDividend |
| Mar 30, 2022 | $0.000 | OrdinaryDividend |
| Feb 25, 2022 | $0.000 | OrdinaryDividend |
| Jan 28, 2022 | $0.000 | OrdinaryDividend |
| Dec 30, 2021 | $0.000 | OrdinaryDividend |
| Nov 29, 2021 | $0.000 | OrdinaryDividend |
| Oct 28, 2021 | $0.000 | OrdinaryDividend |
| Sep 29, 2021 | $0.000 | OrdinaryDividend |
| Aug 30, 2021 | $0.000 | OrdinaryDividend |
| Jul 29, 2021 | $0.000 | OrdinaryDividend |
| Jun 29, 2021 | $0.000 | OrdinaryDividend |
| May 27, 2021 | $0.000 | OrdinaryDividend |
| Apr 29, 2021 | $0.000 | OrdinaryDividend |
| Mar 30, 2021 | $0.000 | OrdinaryDividend |
| Feb 25, 2021 | $0.000 | OrdinaryDividend |
| Jan 28, 2021 | $0.000 | OrdinaryDividend |
| Dec 30, 2020 | $0.000 | OrdinaryDividend |
| Nov 27, 2020 | $0.000 | OrdinaryDividend |
| Oct 29, 2020 | $0.000 | OrdinaryDividend |
| Sep 29, 2020 | $0.000 | OrdinaryDividend |
| Aug 28, 2020 | $0.000 | OrdinaryDividend |
| Jul 30, 2020 | $0.000 | OrdinaryDividend |
| Jun 29, 2020 | $0.000 | OrdinaryDividend |
| May 28, 2020 | $0.000 | OrdinaryDividend |
| Apr 29, 2020 | $0.000 | OrdinaryDividend |
| Mar 30, 2020 | $0.000 | OrdinaryDividend |
| Feb 27, 2020 | $0.001 | OrdinaryDividend |
| Jan 30, 2020 | $0.001 | OrdinaryDividend |
| Dec 30, 2019 | $0.001 | OrdinaryDividend |
| Nov 27, 2019 | $0.001 | OrdinaryDividend |
| Oct 30, 2019 | $0.001 | OrdinaryDividend |
| Sep 27, 2019 | $0.001 | OrdinaryDividend |
| Aug 30, 2019 | $0.001 | OrdinaryDividend |
| Jul 30, 2019 | $0.002 | OrdinaryDividend |
RPGXX - Fund Manager Analysis
Managers
Creston King
Start Date
Tenure
Tenure Rank
Aug 31, 1999
22.76
22.8%
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 | 46.68 | 15.23 | 19.01 |