Davis Government Bond Fund
The Davis Government Bond Fund seeks current income by investing in debt securities guaranteed or issued by the U.S. government or its agencies.
The Fund invests exclusively in U.S. treasury securities, U.S. government agency securities and U.S. government agency mortgage securities (collectively U.S. government securities) as well as repurchase agreements collateralized by U.S. government securities. Under normal circumstances the Fund’s portfolio maintains a weighted average maturity of three years or less.
The Fund’s strategy is to diversify among different types of government securities, maturity lengths, call provisions, and interest rate coupons. The Fund seeks to smooth out performance and reduce volatility in a variety of market climates.
Performance as of 9/30/22
Total Returns - A Shares
|Without sales charge||With 4.75% maximum sales charge|
|Year||Average Annual||Cumulative||Average Annual||Cumulative|
* Inception date 12/1/94.
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 total annual operating expense ratio for Class A shares as of the most recent prospectus was 1.00%. (The Advisor is contractually committed through May 1, 2023, to waive fees and/or reimburse the Fund’s expenses to the extent necessary to cap total annual fund operating expenses at 1.00%. The expense ratio before the cap was 1.17%.). 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 9/30/22
|Yields and Distributions — A Shares|
|Current Distribution Yield||1.26%|
|30 Day SEC Yield||2.84%|
|Last 12 Month Distribution||$0.036503|
|Weighted Average Duration||1.80 Years|
|Weighted Average Maturity||2.46 Years|
|Fact Sheet||Download Share||
Goals of the Fund, its role in an investor’s asset allocation strategy, its conservative investment approach, Portfolio characteristics, and long-term performance.
This material must be accompanied or preceded by a current Davis Government Bond 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.
The SEC Yield is computed in accordance with SEC standards measuring the net investment income per share over a specified 30 day period expressed as a percentage of the maximum offering price of the Fund’s shares at the end of the period. Current Distribution Yield is computed by multiplying the last dividend paid by 12 distributions per year and dividing that product by the current NAV per share.
The market value of an investment in the fund is not insured or guaranteed by the U.S. government or its agencies. CDs are insured by the FDIC for up to $100,000 and offer a fixed rate of return. Investment return and share price of the Davis Government Bond Fund fluctuate with market conditions, and you may have a gain or loss when you sell your shares.
The Fund’s shares are not deposits or obligations of any bank, are not guaranteed by the U.S. Government or any bank, and are not insured by the FDIC or any other agency and involve investment risks, including possible loss of the principal amount invested.
Davis Distributors, LLC, 2949 East Elvira Road, Suite 101, Tucson, AZ 85756