Davis Global Fund
- Fact Sheet
- 2015 Dividend and Capital Gains Distribution Information
- Investing in Global Equities
- Ways Investors Use the Fund
Fund Statistics (Class A)
Davis Global Fund is a portfolio of attractive businesses from around the world, selected using the time-tested Davis Investment Discipline.
The Fund has outperformed the index since its inception in 2004 and has lower than average expenses.
Davis is the largest shareholder of the Fund.
Why Invest in the Davis Global Fund
- A Portfolio of Well-Researched Businesses from Around the Globe: Companies with attractive long term growth prospects, from the U.S. & abroad, in both developed and developing markets
- Signature Davis Investment Discipline: Utilizes a time-tested strategy that has successfully compounded wealth for more than 45 years, in both U.S. and non-U.S markets. Focuses on identifying attractive businesses with sustainable competitive advantages and experienced managements, selling at a discount to their true value.
- Attractive Results: Outperformed the MSCI ACWI® Index since inception (12/22/04).1
- A Flexible, Opportunistic Approach: We believe that a bottom-up stock selection process, and not mirroring the benchmark, are keys to long-term outperformance.
- Invested Side-by-Side with Shareholders: We are the largest shareholders of the Fund. Portfolio managers are compensated primarily in shares of the Fund based on long-term performance vs. the benchmark.3
- Lower than Average Expense Ratio4
Davis Global Fund A, 0.96%; Lipper category average, 2.52%
Performance as of 12/31/15
The Davis Global Fund has outperformed the MSCI ACWI® Index since inception (12/22/04).1
as of December 31, 2015
Davis Global Fund Class A shares
without a sales charge
|with a maximum 4.75% sales charge||-2.20%||10.46%||6.11%||5.52%||6.46%|
|MSCI ACWI® Index||-2.36%||7.69%||6.09%||4.76%||5.40%|
The performance presented represents past performance and is not a guarantee of future results. Total return assumes reinvestment of dividends and capital gain distributions. Investment return and principal value will vary so that, when redeemed, an investor’s shares may be worth more or less than their original cost. The Fund is subject to a 2% short-term redemption fee for shares held for fewer than 30 days. The total annual operating expense ratio for Class A shares as of the most recent prospectus was 0.96%. The total annual operating expense ratio may vary in future years. Returns and expenses for other classes of shares will vary. Current performance may be higher or lower than the performance quoted. For most recent month-end performance, click here or call 800.279.0279.
Portfolio Characteristics as of 12/31/15
Top 10 Industries
|Global Fund||MSCI ACWI® Index|
|Food, Beverage & Tobacco||9.3%||6.0%|
|Consumer Durables & Apparel||4.9%||1.9%|
|North America Ex U.S.||5.7%|
|Global Fund||MSCI ACWI® Index|
|Number of Holdings||66||2,491|
|Median Market Cap ($bn)||8.3||8.0|
|Weighted Average Market Cap ($bn)||67.3||91.0|
|Forecast P/E Ratio||19.9||15.9|
Top 10 Holdings
|Alphabet Inc.||United States||Dominant global on-line search and advertising company||5.1%|
|Amazon.com, Inc.||United States||An e-commerce giant within the retail industry||3.9%|
|Wesco Aircraft Holdings, Inc||United States||One of the world’s largest distributors of aircraft parts||3.6%|
|Lindt & Spruengli AG - PC||Switzerland||A manufacturer of premium chocolate with sales in over 100 countries||3.6%|
|Rockwell Automation, Inc.||United States||The world’s largest company dedicated to factory automation||3.5%|
|SouFun Holdings Ltd., Class A, ADR||China||China’s largest residential real estate listings website offering users the ability to efficiently search as well as other real estate related services||3.5%|
|Assa Abloy AB Class B||Sweden||The world’s largest residential and commercial lock manufacturer||3.2%|
|United Technologies Corp.||United States||An industrial conglomerate whose businesses include Otis Elevator, Carrier and the aircraft engine company, Pratt & Whitney||2.9%|
|Didi Kuaidi Joint Co., Series A-17||China||The largest mobile platform taxi-calling app in China||2.9%|
|Compagnie Financiere Richemont SA||Switzerland||A luxury goods holding company whose brands include Cartier, Montblanc and Van Cleef & Arpels||2.8%|
|Fund Fact Sheet||Download Share||
Applying the Davis Investment Discipline to companies within the United States and around the globe; Portfolio characteristics, top holdings, and performance.
|Portfolio Composition||Download Share||
Quarterly update of portfolio characteristics.
|Insights into the Fund|
|Discover the Davis Global Fund||Download Share||The signature Davis Investment Discipline is used to identify attractive businesses around the world|
|Investing in Global Equities||Download Share||How we identify best-of-breed businesses around the globe and the factors which created our benchmark-beating performance.
Ways Investors Use the Fund
|Download Share||How investors use Davis Global Fund to pursue specific portfolio objectives|
This material must be accompanied or preceded by a current Davis Global Fund Prospectus. You should carefully consider the Fund’s investment objective, risks, charges, and expenses before investing. The prospectus contains this and other information and can be obtained by clicking here or calling 800.279.0279. Read the prospectus carefully before you invest or send money.
1 Class A shares without a sales charge. Past performance is not a guarantee of future results.
3 As of December 31, 2015.
4 See Expense ratio/Turnover link below.
Davis Distributors, LLC, 2949 East Elvira Road, Suite 101, Tucson, AZ 85756