Davis Global 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.
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 50 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.
- 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: With more than $2 billion invested in funds and other accounts following the same investment strategy, we experience the same risks and reap the same rewards.3
- Lower than Average Expense Ratio4
Davis Global Fund A, 0.92%; Lipper category average, 0.96%
DGF invests in only a select group of well-researched companies
DGF portfolio companies have grown faster than the Index
DGF portfolio companies are 43% less expensive than the index
5-Year EPS Growth**
Performance as of 6/30/22
as of June 30, 2022
Davis Global Fund Class A shares
without a sales charge
|with a maximum 4.75% sales charge||-22.64%||-33.82%||0.04%||1.91%||8.02%||3.57%||6.26%|
|MSCI ACWI® Index||-20.18%||-15.75%||6.20%||7.00%||8.75%||4.79%||6.49%|
The performance presented represents past performance and is not a guarantee of future results. Total return assumes reinvestment of dividends and capital gain distributions. Investment return and principal value will vary so that, when redeemed, an investor’s shares may be worth more or less than their original cost. The Fund is subject to a 2% short-term redemption fee for shares held for fewer than 30 days. The total annual operating expense ratio for Class A shares as of the most recent prospectus was 0.92%. The total annual operating expense ratio may vary in future years. Returns and expenses for other classes of shares will vary. Current performance may be higher or lower than the performance quoted. For most recent month-end performance, click here or call 800.279.0279.
Portfolio Characteristics as of 6/30/22
Top 10 Industries
|Global Fund||MSCI ACWI® Index|
|Media & Entertainment||12.2%||5.8%|
|Food, Beverage & Tobacco||1.3%||4.4%|
|North & Central America Ex U.S.||4.2%|
|Global Fund||MSCI ACWI® Index|
|Number of Holdings||43||2,894|
|Median Market Cap ($bn)||16.3||10.2|
|Weighted Average Market Cap ($bn)||153.1||293.2|
|Forecast P/E Ratio||8.3||14.5|
Top 10 Holdings
|DBS Group Holdings||Singapore||Largest bank in Singapore and among the largest in developed Asia||6.4%|
|Ping An Insurance||China||A leader in retail financial services and the largest insurer in Asia||6.0%|
|JD.com||China||One of the largest e-commerce businesses in mainland China offering a range of goods such as consumer electronics and appliances||5.9%|
|Wells Fargo||United States||One of the largest banks in the U.S.||5.9%|
|Danske Bank||Denmark||Largest bank in Denmark that is well-capitalized yet is trading below book value due to what we believe are temporary headwinds||5.0%|
|Prosus||Netherlands||A global consumer internet company and spin-off of South African e-commerce group, Naspers||4.8%|
|AIA Group||Hong Kong||2nd largest life insurer in China with operations throughout Asia-Pacific offering financial services to a large, under-penetrated addressable market||4.6%|
|Alphabet||United States||The dominant global online search and advertising company||4.2%|
|Alibaba Group Holding||China||The world’s largest and most valuable retailer, with operations in over 200 countries and a dominant position in the e-commerce market||3.5%|
|Julius Baer Group||Switzerland||A premier private bank serving ultrahigh net worth clients||3.4%|
|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|
|Davis Global Fund: Selective. Attractive Growth. Undervalued.||Download Share||
Our companies are rigorously researched, offer attractive growth and yet are significantly undervalued versus the benchmark – A powerful combination.
|Manager Commentary - Semi-Annual Review 2022||Download View Share||
Portfolio Manager Danton Goei discusses the Portfolio, performance and how he applies the Davis Investment Discipline to uncover opportunities around the globe.
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.
1Class A shares without a sales charge. Past performance is not a guarantee of future results.
3As of December 31, 2021. This includes Davis Advisors, the Davis family and Foundation, our employees, and Fund Directors.
4See Expense Ratio/Turnover link below.
^^ Class A shares without a sales charge. Past performance is not a guarantee of future results.
** The Attractive Growth and Undervalued reference relates to underlying characteristics of the portfolio holdings. There is no guarantee that the Fund performance will be positive as equity markets are volatile and an investor may lose money. Past performance is not a guarantee of future returns. Performance may vary. Five-Year EPS Growth Rate is the average annualized earning per share growth for a company over the past five years. The values for the portfolio and index are the weighted average of the five-year EPS Growth Rates of the stocks in the portfolio or index. Forward Price/Earnings (Forward P/E) Ratio is a stock’s current price divided by the company’s forecasted earnings for the following 12 months. The values for the portfolio and index are the weighted average of the P/E ratios of the stocks in the portfolio or index.Davis Distributors, LLC, 2949 East Elvira Road, Suite 101, Tucson, AZ 85756