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Name

As of 06/01/2026

Price

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

Davis Government Bond Fund

RFBAX | Fund

$5.15

$16.5 M

3.02%

$0.16

1.51%

Vitals

YTD Return

0.9%

1 yr return

3.2%

3 Yr Avg Return

3.9%

5 Yr Avg Return

1.3%

Net Assets

$16.5 M

Holdings in Top 10

58.3%

52 WEEK LOW AND HIGH

$5.2
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.51%

SALES FEES

Front Load 4.75%

Deferred Load N/A

TRADING FEES

Turnover 26.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 06/01/2026

Price

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

Davis Government Bond Fund

RFBAX | Fund

$5.15

$16.5 M

3.02%

$0.16

1.51%

RFBAX - Profile

Distributions

  • YTD Total Return 0.9%
  • 3 Yr Annualized Total Return 3.9%
  • 5 Yr Annualized Total Return 1.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.08%
DIVIDENDS
  • Dividend Yield 3.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Davis Government Bond Fund
  • Fund Family Name
    Davis Funds
  • Inception Date
    Dec 08, 1994
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Creston King

Fund Description

div style="line-height:11.0pt;margin-top:0.0pt;text-align:justify;"span style="color:#000000;font-family:Times New Roman;font-size:10pt;margin-left:0%;"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 /spanspan style="color:#000000;font-family:Times New Roman;font-size:10pt;"three years or less./span/div
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RFBAX - Performance

Return Ranking - Trailing

Period RFBAX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.9% -1.2% 1.7% 12.00%
1 Yr 3.2% 1.7% 6.2% 60.00%
3 Yr 3.9%* 2.0% 6.5% 52.00%
5 Yr 1.3%* -0.8% 3.2% 48.65%
10 Yr 1.1%* 0.2% 2.7% 73.44%

* Annualized

Return Ranking - Calendar

Period RFBAX Return Category Return Low Category Return High Rank in Category (%)
2025 1.4% -0.1% 5.1% 61.33%
2024 1.0% -5.0% 4.0% 9.33%
2023 1.4% -1.6% 4.4% 26.67%
2022 -6.0% -10.4% -1.0% 36.49%
2021 -2.0% -6.4% -0.2% 56.76%

Total Return Ranking - Trailing

Period RFBAX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.9% -1.2% 1.7% 12.00%
1 Yr 3.2% 1.7% 6.2% 60.00%
3 Yr 3.9%* 2.0% 6.5% 52.00%
5 Yr 1.3%* -0.8% 3.2% 48.65%
10 Yr 1.1%* 0.2% 2.7% 73.44%

* Annualized

Total Return Ranking - Calendar

Period RFBAX Return Category Return Low Category Return High Rank in Category (%)
2025 4.8% 3.9% 11.3% 89.33%
2024 4.5% 0.4% 7.4% 18.67%
2023 3.9% 2.4% 6.2% 76.00%
2022 -5.1% -9.3% 0.2% 41.89%
2021 -1.5% -3.1% 0.1% 66.22%

NAV & Total Return History

RFBAX - Holdings

Concentration Analysis

RFBAX Category Low Category High RFBAX % Rank
Net Assets 16.5 M 11.1 M 33.5 B 98.67%
Number of Holdings 54 7 1199 90.67%
Net Assets in Top 10 9.91 M 2.99 M 4.5 B 97.33%
Weighting of Top 10 58.30% 11.2% 115.1% 22.67%

Top 10 Holdings

  1. SBA POOL 531028 SBA 01/36 FLOATING VAR 11.61%
  2. GOVERNMENT NATIONAL MORTGAGE A GNR 2021 H03 FJ 9.48%
  3. GNMA II POOL MB0821 G2 12/55 FLOATING VAR 5.68%
  4. FANNIE MAE FNR 2022 22 HA 5.26%
  5. FNMA POOL BM7752 FN 06/55 FLOATING VAR 5.04%
  6. STONEX REPO 4.95%
  7. GOVERNMENT NATIONAL MORTGAGE A GNR 2017 51 AC 4.94%
  8. FNMA POOL BY1543 FN 06/53 FLOATING VAR 4.16%
  9. FED HM LN PC POOL 841736 FH 04/54 FLOATING VAR 3.67%
  10. GOVERNMENT NATIONAL MORTGAGE A GNR 2021 103 KD 3.52%

Asset Allocation

Weighting Return Low Return High RFBAX % Rank
Bonds 		91.05% 24.87% 129.13% 81.33%
Other 		8.41% -22.58% 74.25% 14.67%
Cash 		0.54% 0.00% 16.20% 78.67%
Stocks 		0.00% 0.00% 8.50% 82.67%
Preferred Stocks 		0.00% 0.00% 0.00% 77.33%
Convertible Bonds 		0.00% 0.00% 0.00% 77.03%

Bond Sector Breakdown

Weighting Return Low Return High RFBAX % Rank
Securitized 		83.20% 0.00% 100.00% 18.92%
Derivative 		0.00% -0.13% 21.43% 68.00%
Cash & Equivalents 		0.00% 0.00% 16.20% 90.67%
Corporate 		0.00% 0.00% 34.19% 81.08%
Municipal 		0.00% 0.00% 1.81% 82.43%
Government 		0.00% 0.00% 99.96% 97.30%

Bond Geographic Breakdown

Weighting Return Low Return High RFBAX % Rank
US 		91.05% 24.87% 129.13% 81.33%
Non US 		0.00% 0.00% 0.00% 77.33%

RFBAX - Expenses

Operational Fees

RFBAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.51% 0.03% 3.60% 22.67%
Management Fee 0.30% 0.02% 0.80% 37.84%
12b-1 Fee 0.22% 0.00% 1.00% 31.25%
Administrative Fee N/A 0.10% 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% 12.50%
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 0.00% 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 26.00% 0.00% 466.00% 10.53%

RFBAX - Distributions

Dividend Yield Analysis

RFBAX Category Low Category High RFBAX % Rank
Dividend Yield 3.02% 0.00% 5.67% 78.67%

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 0.08% -0.78% 3.29% 87.50%

Capital Gain Distribution Analysis

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

Distributions History

View More +

RFBAX - Fund Manager Analysis

Managers

Creston King

Start Date

Tenure

Tenure Rank

Aug 01, 1999

22.85

22.9%

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
0.49 32.44 10.43 7.33

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