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Name

As of 11/27/2024

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 Real Estate Fund

RPFRX | Fund

$46.60

$159 M

1.72%

$0.80

1.00%

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

$46.3
N/A
N/A

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 11/27/2024

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 Real Estate Fund

RPFRX | Fund

$46.60

$159 M

1.72%

$0.80

1.00%

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%
DIVIDENDS
  • Dividend Yield 1.7%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Davis Real Estate Fund
  • Fund Family Name
    Davis Funds
  • Inception Date
    Nov 09, 1994
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Andrew 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.

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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

  1. PROLOGIS INC 8.35%
  2. PUBLIC STORAGE 5.23%
  3. VENTAS INC REIT USD.25 4.94%
  4. COUSINS PROPERTIES INC REIT USD1.0 4.71%
  5. EQUINIX INC 4.66%
  6. AMERICAN TOWER CORP REIT USD.01 4.52%
  7. ALEXANDRIA REAL ESTATE EQUIT 4.35%
  8. DIGITAL REALTY TRUST INC 4.33%
  9. SIMON PROPERTY GROUP INC 3.95%
  10. 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

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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