Name
As of 11/07/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
21.9%
1 yr return
38.3%
3 Yr Avg Return
8.5%
5 Yr Avg Return
13.8%
Net Assets
$571 M
Holdings in Top 10
48.2%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.68%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 24.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$5,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 11/07/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
DGOYX - Profile
Distributions
- YTD Total Return 21.9%
- 3 Yr Annualized Total Return 8.5%
- 5 Yr Annualized Total Return 13.8%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.50%
- Dividend Yield 1.4%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameDavis Opportunity Fund
-
Fund Family NameDavis Funds
-
Inception DateFeb 10, 2000
-
Shares OutstandingN/A
-
Share ClassY
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerChristopher 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 Opportunity Fund’s portfolio principally in common stocks (including indirect holdings of common stock through Depositary Receipts). The Fund may invest in large, medium or small companies without regard to market capitalization and may invest in issuers in foreign countries, including countries with developed or emerging markets.
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.
DGOYX - Performance
Return Ranking - Trailing
Period | DGOYX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 21.9% | 3.6% | 45.1% | 70.71% |
1 Yr | 38.3% | 6.6% | 65.8% | 40.11% |
3 Yr | 8.5%* | -5.9% | 16.1% | 52.07% |
5 Yr | 13.8%* | -0.8% | 110.8% | 62.24% |
10 Yr | 11.5%* | 2.9% | 52.7% | 59.83% |
* Annualized
Return Ranking - Calendar
Period | DGOYX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 15.1% | -42.6% | 47.4% | 65.93% |
2022 | -20.3% | -56.3% | -4.2% | 37.82% |
2021 | 14.9% | -27.2% | 537.8% | 62.08% |
2020 | 9.8% | -22.5% | 2181.7% | 62.37% |
2019 | 19.4% | -13.5% | 40.4% | 72.05% |
Total Return Ranking - Trailing
Period | DGOYX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 21.9% | 3.6% | 45.1% | 70.71% |
1 Yr | 38.3% | 6.6% | 65.8% | 40.11% |
3 Yr | 8.5%* | -5.9% | 16.1% | 52.07% |
5 Yr | 13.8%* | -0.8% | 110.8% | 62.24% |
10 Yr | 11.5%* | 2.9% | 52.7% | 59.83% |
* Annualized
Total Return Ranking - Calendar
Period | DGOYX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 22.5% | -5.0% | 47.4% | 60.80% |
2022 | -13.8% | -36.8% | -2.2% | 20.18% |
2021 | 25.2% | 3.0% | 537.8% | 67.00% |
2020 | 13.1% | -15.8% | 2266.0% | 76.04% |
2019 | 25.8% | -0.4% | 241.3% | 84.75% |
NAV & Total Return History
DGOYX - Holdings
Concentration Analysis
DGOYX | Category Low | Category High | DGOYX % Rank | |
---|---|---|---|---|
Net Assets | 571 M | 2.34 M | 1.55 T | 64.74% |
Number of Holdings | 44 | 2 | 3963 | 85.22% |
Net Assets in Top 10 | 268 M | 1.07 M | 517 B | 63.04% |
Weighting of Top 10 | 48.19% | 0.3% | 112.9% | 12.32% |
Top 10 Holdings
- CAPITAL ONE FINANCIAL CORP 5.93%
- QUEST DIAGNOSTICS INC COMMON STOCK USD.01 5.77%
- VIATRIS INC COMMON STOCK 5.28%
- WELLS FARGO + CO 5.19%
- HUMANA INC 4.99%
- TECK RESOURCES LTD CLS B COMMON STOCK 4.93%
- CIGNA CORP COMMON STOCK USD.01 4.58%
- OWENS CORNING COMMON STOCK USD.001 4.32%
- UNITEDHEALTH GROUP INC 3.63%
- SCHNEIDER ELECTRIC SE 3.57%
Asset Allocation
Weighting | Return Low | Return High | DGOYX % Rank | |
---|---|---|---|---|
Stocks | 98.10% | 0.00% | 105.85% | 68.89% |
Other | 1.84% | -13.91% | 100.00% | 6.50% |
Cash | 0.06% | 0.00% | 99.07% | 87.41% |
Preferred Stocks | 0.00% | 0.00% | 2.53% | 10.48% |
Convertible Bonds | 0.00% | 0.00% | 5.54% | 5.62% |
Bonds | 0.00% | 0.00% | 94.06% | 13.16% |
Stock Sector Breakdown
Weighting | Return Low | Return High | DGOYX % Rank | |
---|---|---|---|---|
Financial Services | 26.47% | 0.00% | 55.59% | 1.99% |
Healthcare | 25.44% | 0.00% | 52.29% | 1.74% |
Industrials | 17.60% | 0.00% | 29.90% | 2.98% |
Technology | 12.71% | 0.00% | 48.94% | 93.63% |
Communication Services | 6.33% | 0.00% | 27.94% | 76.01% |
Consumer Cyclical | 5.44% | 0.00% | 30.33% | 90.98% |
Consumer Defense | 3.05% | 0.00% | 47.71% | 94.46% |
Basic Materials | 2.96% | 0.00% | 25.70% | 37.39% |
Utilities | 0.00% | 0.00% | 20.91% | 84.95% |
Real Estate | 0.00% | 0.00% | 31.91% | 86.77% |
Energy | 0.00% | 0.00% | 41.64% | 85.77% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | DGOYX % Rank | |
---|---|---|---|---|
US | 89.25% | 0.00% | 105.85% | 90.98% |
Non US | 8.85% | 0.00% | 64.54% | 4.47% |
DGOYX - Expenses
Operational Fees
DGOYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.68% | 0.01% | 19.75% | 59.93% |
Management Fee | 0.55% | 0.00% | 1.90% | 54.20% |
12b-1 Fee | 0.00% | 0.00% | 1.00% | 0.82% |
Administrative Fee | N/A | 0.00% | 0.85% | N/A |
Sales Fees
DGOYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 1.00% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
DGOYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.25% | 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.
DGOYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 24.00% | 0.00% | 268.00% | 47.98% |
DGOYX - Distributions
Dividend Yield Analysis
DGOYX | Category Low | Category High | DGOYX % Rank | |
---|---|---|---|---|
Dividend Yield | 1.40% | 0.00% | 25.47% | 15.39% |
Dividend Distribution Analysis
DGOYX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annual | Quarterly | Annual |
Net Income Ratio Analysis
DGOYX | Category Low | Category High | DGOYX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.50% | -54.00% | 2.44% | 61.66% |
Capital Gain Distribution Analysis
DGOYX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 08, 2023 | $0.700 | OrdinaryDividend |
Dec 08, 2023 | $1.790 | CapitalGainLongTerm |
Dec 09, 2022 | $2.922 | OrdinaryDividend |
Dec 09, 2021 | $3.977 | OrdinaryDividend |
Dec 10, 2020 | $1.148 | OrdinaryDividend |
Dec 12, 2019 | $0.213 | OrdinaryDividend |
Dec 12, 2019 | $0.310 | CapitalGainShortTerm |
Dec 12, 2019 | $1.315 | CapitalGainLongTerm |
Dec 12, 2018 | $0.180 | CapitalGainShortTerm |
Dec 12, 2018 | $3.930 | CapitalGainLongTerm |
Dec 13, 2017 | $0.290 | CapitalGainShortTerm |
Dec 13, 2017 | $0.670 | CapitalGainLongTerm |
Dec 13, 2017 | $0.128 | OrdinaryDividend |
Dec 13, 2016 | $0.205 | CapitalGainShortTerm |
Dec 13, 2016 | $0.550 | CapitalGainLongTerm |
Dec 10, 2015 | $0.790 | CapitalGainShortTerm |
Dec 10, 2015 | $5.090 | CapitalGainLongTerm |
Dec 11, 2014 | $0.239 | CapitalGainShortTerm |
Dec 11, 2014 | $3.575 | CapitalGainLongTerm |
Dec 11, 2014 | $0.112 | OrdinaryDividend |
Dec 19, 2013 | $0.130 | OrdinaryDividend |
Dec 18, 2012 | $0.385 | OrdinaryDividend |
Dec 21, 2011 | $0.660 | OrdinaryDividend |
Dec 01, 2010 | $0.361 | OrdinaryDividend |
Dec 01, 2009 | $0.143 | OrdinaryDividend |
Dec 01, 2008 | $0.066 | OrdinaryDividend |
Dec 03, 2007 | $0.166 | CapitalGainShortTerm |
Dec 03, 2007 | $1.602 | CapitalGainLongTerm |
Dec 03, 2007 | $0.269 | OrdinaryDividend |
Dec 01, 2006 | $0.014 | CapitalGainShortTerm |
Dec 01, 2006 | $0.775 | CapitalGainLongTerm |
Dec 01, 2006 | $0.310 | OrdinaryDividend |
Dec 01, 2005 | $0.016 | CapitalGainShortTerm |
Dec 01, 2005 | $0.584 | CapitalGainLongTerm |
Dec 01, 2005 | $0.323 | OrdinaryDividend |
Dec 03, 2001 | $0.180 | CapitalGainShortTerm |
Dec 03, 2001 | $0.100 | CapitalGainLongTerm |
Nov 30, 2000 | $1.730 | CapitalGainShortTerm |
Nov 30, 2000 | $3.950 | CapitalGainLongTerm |
Dec 01, 1999 | $0.130 | CapitalGainShortTerm |
Dec 01, 1999 | $1.170 | CapitalGainLongTerm |
Jul 01, 1999 | $4.350 | CapitalGainLongTerm |
Dec 30, 1998 | $1.030 | CapitalGainLongTerm |
DGOYX - Fund Manager Analysis
Managers
Christopher Davis
Start Date
Tenure
Tenure Rank
Jan 01, 1999
23.43
23.4%
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
Dec 31, 2001
20.43
20.4%
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.
Dwight Blazin
Start Date
Tenure
Tenure Rank
Dec 31, 2001
20.43
20.4%
Dwight C. Blazin, Ph.D. – Research Analyst Dwight C. Blazin joined Davis Advisors in August 1994. Previously he was a consultant for IT Consulting and Systems Design. Dwight received his masters and Ph.D. from New York University and holds a B.A. from Brigham Young University.
Darin Prozes
Start Date
Tenure
Tenure Rank
Nov 30, 2013
8.5
8.5%
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.
Edward Yen
Start Date
Tenure
Tenure Rank
Jan 01, 2022
0.41
0.4%
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.04 | 39.02 | 7.24 | 2.42 |