Name
As of 11/27/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
13.4%
1 yr return
26.2%
3 Yr Avg Return
0.0%
5 Yr Avg Return
3.6%
Net Assets
$159 M
Holdings in Top 10
48.8%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.00%
SALES FEES
Front Load 4.75%
Deferred Load N/A
TRADING FEES
Turnover 25.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 11/27/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
RPFRX - Profile
Distributions
- YTD Total Return 13.4%
- 3 Yr Annualized Total Return 0.0%
- 5 Yr Annualized Total Return 3.6%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 0.88%
- Dividend Yield 1.7%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameDavis Real Estate Fund
-
Fund Family NameDavis Funds
-
Inception DateNov 09, 1994
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerAndrew 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 at least 80% of the Fund’s net assets, plus any borrowing for investment purposes, in securities issued by companies principally engaged in the real estate industry. The Fund invests principally in common stocks of domestic companies and may invest in foreign companies (including indirect holdings of a foreign issuer’s common stock through Depositary Receipts).
A company is principally engaged in the real estate industry if it owns real estate or real estate-related assets that constitute at least 50% of the value of all of its assets, or if it derives at least 50% of its revenues or net profits from owning, financing, developing, managing or selling real estate, or from offering products or services that are related to real estate. Issuers of real estate securities include real estate investment trusts (REITs), brokers, developers, lenders and companies with substantial real estate holdings, such as paper, lumber, hotel and entertainment companies. Most of Davis Real Estate Fund’s real estate securities are, and will likely continue to be, interests in publicly traded REITs. REITs pool investors’ funds to make real estate-related investments, such as buying interests in income-producing property or making loans to real estate developers.
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.
RPFRX - Performance
Return Ranking - Trailing
Period | RPFRX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 13.4% | -5.5% | 24.1% | 64.17% |
1 Yr | 26.2% | -8.2% | 35.4% | 28.33% |
3 Yr | 0.0%* | -12.0% | 6.5% | 69.33% |
5 Yr | 3.6%* | -12.0% | 15.0% | 74.11% |
10 Yr | 5.9%* | -2.0% | 14.4% | 52.50% |
* Annualized
Return Ranking - Calendar
Period | RPFRX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 7.8% | -16.2% | 24.6% | 53.56% |
2022 | -30.4% | -51.3% | 2.5% | 45.80% |
2021 | 41.5% | -7.7% | 52.3% | 7.59% |
2020 | -10.0% | -42.2% | 35.0% | 62.95% |
2019 | 21.9% | 0.0% | 43.1% | 35.02% |
Total Return Ranking - Trailing
Period | RPFRX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 13.4% | -5.5% | 24.1% | 64.17% |
1 Yr | 26.2% | -8.2% | 35.4% | 28.33% |
3 Yr | 0.0%* | -12.0% | 6.5% | 69.33% |
5 Yr | 3.6%* | -12.0% | 15.0% | 74.11% |
10 Yr | 5.9%* | -2.0% | 14.4% | 52.50% |
* Annualized
Total Return Ranking - Calendar
Period | RPFRX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 10.5% | -13.7% | 25.0% | 73.22% |
2022 | -26.7% | -40.7% | 7.8% | 59.24% |
2021 | 43.2% | 7.8% | 54.6% | 26.58% |
2020 | -8.2% | -36.6% | 44.3% | 80.80% |
2019 | 25.4% | 4.1% | 46.4% | 64.06% |
NAV & Total Return History
RPFRX - Holdings
Concentration Analysis
RPFRX | Category Low | Category High | RPFRX % Rank | |
---|---|---|---|---|
Net Assets | 159 M | 2.26 M | 61.4 B | 69.10% |
Number of Holdings | 39 | 22 | 548 | 53.75% |
Net Assets in Top 10 | 81.7 M | 1.29 M | 32.8 B | 69.17% |
Weighting of Top 10 | 48.82% | 13.2% | 82.2% | 76.25% |
Top 10 Holdings
- PROLOGIS INC 8.35%
- PUBLIC STORAGE 5.23%
- VENTAS INC REIT USD.25 4.94%
- COUSINS PROPERTIES INC REIT USD1.0 4.71%
- EQUINIX INC 4.66%
- AMERICAN TOWER CORP REIT USD.01 4.52%
- ALEXANDRIA REAL ESTATE EQUIT 4.35%
- DIGITAL REALTY TRUST INC 4.33%
- SIMON PROPERTY GROUP INC 3.95%
- BRIXMOR PROPERTY GROUP INC 3.78%
Asset Allocation
Weighting | Return Low | Return High | RPFRX % Rank | |
---|---|---|---|---|
Other | 99.78% | -82.45% | 106.21% | 0.83% |
Cash | 0.22% | -42.50% | 24.34% | 87.08% |
Stocks | 0.00% | 0.00% | 100.25% | 97.50% |
Preferred Stocks | 0.00% | 0.00% | 31.13% | 45.42% |
Convertible Bonds | 0.00% | 0.00% | 10.95% | 40.17% |
Bonds | 0.00% | 0.00% | 149.68% | 44.17% |
RPFRX - Expenses
Operational Fees
RPFRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.00% | 0.07% | 8.91% | 62.03% |
Management Fee | 0.55% | 0.00% | 1.50% | 20.00% |
12b-1 Fee | 0.19% | 0.00% | 1.00% | 26.50% |
Administrative Fee | N/A | 0.01% | 0.45% | N/A |
Sales Fees
RPFRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | 4.75% | 3.00% | 5.75% | 73.81% |
Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
RPFRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 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.
RPFRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 25.00% | 0.11% | 380.00% | 26.34% |
RPFRX - Distributions
Dividend Yield Analysis
RPFRX | Category Low | Category High | RPFRX % Rank | |
---|---|---|---|---|
Dividend Yield | 1.72% | 0.00% | 13.03% | 54.58% |
Dividend Distribution Analysis
RPFRX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly | Annual | Quarterly | Annual |
Net Income Ratio Analysis
RPFRX | Category Low | Category High | RPFRX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.88% | -1.14% | 6.05% | 63.71% |
Capital Gain Distribution Analysis
RPFRX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Semi-Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Sep 26, 2024 | $0.200 | OrdinaryDividend |
Apr 01, 2024 | $0.200 | OrdinaryDividend |
Dec 27, 2023 | $0.400 | OrdinaryDividend |
Sep 27, 2023 | $0.180 | OrdinaryDividend |
Jun 27, 2023 | $0.180 | OrdinaryDividend |
Mar 29, 2023 | $0.180 | OrdinaryDividend |
Dec 28, 2022 | $1.560 | OrdinaryDividend |
Oct 03, 2022 | $0.240 | OrdinaryDividend |
Jun 28, 2022 | $0.130 | OrdinaryDividend |
Apr 01, 2022 | $0.130 | OrdinaryDividend |
Dec 29, 2021 | $0.162 | OrdinaryDividend |
Oct 01, 2021 | $0.140 | OrdinaryDividend |
Jun 23, 2021 | $0.140 | OrdinaryDividend |
Apr 01, 2021 | $0.140 | OrdinaryDividend |
Dec 29, 2020 | $0.305 | OrdinaryDividend |
Oct 01, 2020 | $0.130 | OrdinaryDividend |
Jun 25, 2020 | $0.130 | OrdinaryDividend |
Apr 01, 2020 | $0.130 | OrdinaryDividend |
Dec 27, 2019 | $0.130 | OrdinaryDividend |
Dec 27, 2019 | $0.280 | CapitalGainShortTerm |
Dec 27, 2019 | $0.410 | CapitalGainLongTerm |
Oct 01, 2019 | $0.130 | OrdinaryDividend |
Jun 26, 2019 | $0.130 | OrdinaryDividend |
Apr 01, 2019 | $0.130 | OrdinaryDividend |
Dec 27, 2018 | $0.525 | OrdinaryDividend |
Dec 27, 2018 | $0.400 | CapitalGainShortTerm |
Dec 27, 2018 | $0.900 | CapitalGainLongTerm |
Oct 01, 2018 | $0.110 | OrdinaryDividend |
Jun 27, 2018 | $0.110 | OrdinaryDividend |
Apr 02, 2018 | $0.110 | OrdinaryDividend |
Dec 27, 2017 | $0.100 | OrdinaryDividend |
Dec 27, 2017 | $1.950 | CapitalGainLongTerm |
Oct 02, 2017 | $0.090 | OrdinaryDividend |
Jun 28, 2017 | $0.090 | OrdinaryDividend |
Apr 03, 2017 | $0.090 | OrdinaryDividend |
Dec 28, 2016 | $0.295 | OrdinaryDividend |
Oct 03, 2016 | $0.110 | OrdinaryDividend |
Jul 01, 2016 | $0.110 | OrdinaryDividend |
Apr 01, 2016 | $0.110 | OrdinaryDividend |
Dec 29, 2015 | $0.112 | OrdinaryDividend |
Oct 01, 2015 | $0.105 | OrdinaryDividend |
Jul 01, 2015 | $0.105 | OrdinaryDividend |
Apr 01, 2015 | $0.105 | OrdinaryDividend |
Dec 29, 2014 | $0.110 | OrdinaryDividend |
Oct 01, 2014 | $0.110 | OrdinaryDividend |
Jul 01, 2014 | $0.110 | OrdinaryDividend |
Apr 01, 2014 | $0.110 | OrdinaryDividend |
Dec 27, 2013 | $0.090 | OrdinaryDividend |
Oct 01, 2013 | $0.090 | OrdinaryDividend |
Jul 01, 2013 | $0.090 | OrdinaryDividend |
Apr 01, 2013 | $0.090 | OrdinaryDividend |
Dec 27, 2012 | $0.080 | OrdinaryDividend |
Oct 01, 2012 | $0.080 | OrdinaryDividend |
Jul 02, 2012 | $0.080 | OrdinaryDividend |
Apr 02, 2012 | $0.080 | OrdinaryDividend |
Dec 29, 2011 | $0.080 | OrdinaryDividend |
Oct 03, 2011 | $0.080 | OrdinaryDividend |
Jul 01, 2011 | $0.080 | OrdinaryDividend |
Apr 01, 2011 | $0.080 | OrdinaryDividend |
Dec 30, 2010 | $0.090 | OrdinaryDividend |
Oct 01, 2010 | $0.090 | OrdinaryDividend |
Jul 01, 2010 | $0.090 | OrdinaryDividend |
Apr 01, 2010 | $0.090 | OrdinaryDividend |
Oct 01, 2009 | $0.080 | OrdinaryDividend |
Jul 01, 2009 | $0.080 | OrdinaryDividend |
Apr 01, 2009 | $0.080 | OrdinaryDividend |
Dec 01, 2008 | $0.438 | CapitalGainLongTerm |
Dec 01, 2008 | $0.074 | CapitalGainShortTerm |
Oct 01, 2008 | $0.140 | OrdinaryDividend |
Jul 01, 2008 | $0.140 | OrdinaryDividend |
Apr 01, 2008 | $0.140 | OrdinaryDividend |
Dec 28, 2007 | $0.073 | OrdinaryDividend |
Dec 03, 2007 | $0.245 | CapitalGainShortTerm |
Dec 03, 2007 | $8.456 | CapitalGainLongTerm |
Oct 01, 2007 | $0.170 | OrdinaryDividend |
Jul 02, 2007 | $0.170 | OrdinaryDividend |
Apr 02, 2007 | $0.170 | OrdinaryDividend |
Dec 28, 2006 | $0.313 | OrdinaryDividend |
Dec 01, 2006 | $0.279 | CapitalGainShortTerm |
Dec 01, 2006 | $6.536 | CapitalGainLongTerm |
Oct 02, 2006 | $0.190 | OrdinaryDividend |
Jul 03, 2006 | $0.190 | OrdinaryDividend |
Apr 03, 2006 | $0.190 | OrdinaryDividend |
Dec 29, 2005 | $0.232 | OrdinaryDividend |
Dec 01, 2005 | $0.151 | CapitalGainShortTerm |
Dec 01, 2005 | $3.272 | CapitalGainLongTerm |
Oct 03, 2005 | $0.200 | OrdinaryDividend |
Jul 01, 2005 | $0.200 | OrdinaryDividend |
Apr 01, 2005 | $0.200 | OrdinaryDividend |
Dec 30, 2004 | $0.161 | OrdinaryDividend |
Oct 01, 2004 | $0.200 | OrdinaryDividend |
Jul 01, 2004 | $0.200 | OrdinaryDividend |
Apr 01, 2004 | $0.200 | OrdinaryDividend |
Dec 30, 2003 | $0.303 | OrdinaryDividend |
Oct 01, 2003 | $0.200 | OrdinaryDividend |
Jul 01, 2003 | $0.200 | OrdinaryDividend |
Apr 01, 2003 | $0.200 | OrdinaryDividend |
Dec 30, 2002 | $0.220 | OrdinaryDividend |
Oct 01, 2002 | $0.200 | OrdinaryDividend |
Jul 01, 2002 | $0.200 | OrdinaryDividend |
Apr 01, 2002 | $0.200 | OrdinaryDividend |
Dec 28, 2001 | $0.390 | OrdinaryDividend |
Oct 01, 2001 | $0.200 | OrdinaryDividend |
Jul 02, 2001 | $0.200 | OrdinaryDividend |
Apr 02, 2001 | $0.200 | OrdinaryDividend |
Dec 28, 2000 | $0.240 | OrdinaryDividend |
Oct 02, 2000 | $0.200 | OrdinaryDividend |
Jul 03, 2000 | $0.200 | OrdinaryDividend |
Apr 03, 2000 | $0.200 | OrdinaryDividend |
Dec 30, 1999 | $0.315 | OrdinaryDividend |
Oct 01, 1999 | $0.200 | OrdinaryDividend |
Jul 01, 1999 | $0.200 | OrdinaryDividend |
Apr 01, 1999 | $0.200 | OrdinaryDividend |
Dec 30, 1998 | $0.170 | OrdinaryDividend |
Oct 01, 1998 | $0.200 | OrdinaryDividend |
Jul 01, 1998 | $0.200 | OrdinaryDividend |
Apr 01, 1998 | $0.200 | OrdinaryDividend |
Dec 30, 1997 | $0.428 | OrdinaryDividend |
Dec 30, 1997 | $0.095 | CapitalGainShortTerm |
Dec 30, 1997 | $0.115 | CapitalGainLongTerm |
Oct 01, 1997 | $0.200 | OrdinaryDividend |
Jul 01, 1997 | $0.200 | OrdinaryDividend |
Apr 01, 1997 | $0.200 | OrdinaryDividend |
Dec 30, 1996 | $0.275 | OrdinaryDividend |
Dec 30, 1996 | $0.170 | CapitalGainShortTerm |
Dec 30, 1996 | $0.080 | CapitalGainLongTerm |
Oct 01, 1996 | $0.200 | OrdinaryDividend |
Jul 01, 1996 | $0.200 | OrdinaryDividend |
Apr 01, 1996 | $0.200 | OrdinaryDividend |
Dec 28, 1995 | $0.210 | OrdinaryDividend |
Oct 02, 1995 | $0.200 | OrdinaryDividend |
Jul 03, 1995 | $0.200 | OrdinaryDividend |
Apr 03, 1995 | $0.200 | OrdinaryDividend |
RPFRX - Fund Manager Analysis
Managers
Andrew Davis
Start Date
Tenure
Tenure Rank
Jan 03, 1994
28.42
28.4%
Andrew A. Davis – Portfolio Manager/Research Analyst Andrew Davis joined Davis Advisors in 1993, and is now the portfolio manager for the Davis Real Estate Securities and Appreciation and Income portfolios. He started in the financial industry in 1985. Previously, he was employed at PaineWebber, Inc. as Vice President managing both its Convertible Security Research and Closed-End Bond Fund Research departments. He is a graduate of Colby College.
Chandler Spears
Start Date
Tenure
Tenure Rank
Aug 08, 2002
19.82
19.8%
Chandler Spears – President, Portfolio Manager/Research Analyst Chandler Spears joined Davis Selected Advisers in November 2000 as a Research Analyst and is now a Portfolio Manager for Davis Real Estate Securities portfolios. Prior to joining the firm, he was Director of Investor Relations at Charles E. Smith Residential, and earlier Director of Real Estate Research at SNL Securities. Mr. Spears received his M.S. from the University of Virginia and his undergraduate degree from James Madison University.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.01 | 28.42 | 8.3 | 16.42 |