Clipper Fund (CFIMX)
The investment seeks long-term capital growth and capital preservation. The fund's investment adviser uses the Davis Investment Discipline to invest Clipper Fund's portfolio principally in common stocks (including indirect holdings of common stock through depositary receipts) issued by large companies with market capitalizations of at least $10 billion. The fund's portfolio generally contains between 15 and 35 companies, although the precise number of its investments will vary over time. It is non-diversified.
Fund Info
US1888501012
188850101
Feb 29, 1984
$2,500
Large-Cap
Blend
Expense Ratio
CFIMX has an expense ratio of 0.71%, placing it in the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Clipper Fund (CFIMX) returned 4.64% year-to-date (YTD) and 22.33% over the past 12 months. Over the past 10 years, CFIMX delivered an annualized return of 14.94%, outperforming the S&P 500 benchmark at 10.84%.
CFIMX
4.64%
3.98%
4.93%
22.33%
24.43%
20.96%
14.94%
^GSPC (Benchmark)
0.52%
6.32%
-1.44%
12.25%
12.45%
14.20%
10.84%
Monthly Returns
The table below presents the monthly returns of CFIMX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 7.17% | -0.95% | -4.50% | -1.04% | 4.30% | 4.64% | |||||||
| 2024 | 1.61% | 6.71% | 4.34% | -3.77% | 3.97% | 5.44% | 1.53% | 0.40% | 1.62% | -0.90% | 6.90% | -0.02% | 30.93% |
| 2023 | 11.04% | -3.52% | -2.59% | 3.56% | 0.52% | 12.55% | 7.28% | -3.98% | -3.35% | -1.87% | 7.93% | 12.81% | 45.45% |
| 2022 | -0.24% | -3.40% | -0.62% | -10.03% | 2.95% | -9.91% | 5.05% | -3.48% | -9.58% | 5.36% | 10.00% | 0.95% | -14.28% |
| 2021 | -0.17% | 7.40% | 4.22% | 7.94% | 1.03% | 0.19% | -2.25% | 1.72% | -3.90% | 4.27% | -4.64% | 3.02% | 19.47% |
| 2020 | -0.20% | -7.30% | -19.07% | 13.35% | 2.13% | 1.56% | 4.98% | 6.45% | -4.13% | 0.84% | 11.30% | 3.89% | 9.96% |
| 2019 | 11.19% | 1.05% | 0.20% | 7.08% | -8.51% | 5.98% | 2.37% | -3.25% | 3.11% | 2.34% | 3.54% | 2.52% | 29.66% |
| 2018 | 6.60% | -4.59% | -3.38% | 1.61% | 1.61% | 0.95% | 3.56% | 1.14% | -1.46% | -9.01% | 0.58% | -7.33% | -10.35% |
| 2017 | 1.65% | 1.75% | -0.49% | 1.35% | 0.29% | 6.51% | 2.00% | -1.44% | 3.61% | 2.45% | 1.15% | 2.03% | 22.70% |
| 2016 | -7.82% | -1.24% | 5.79% | 4.67% | 3.96% | -3.34% | 7.31% | 2.43% | 0.19% | -1.02% | 6.70% | 1.06% | 19.07% |
| 2015 | -2.94% | 6.31% | -1.14% | 1.77% | 1.65% | -1.74% | 3.66% | -5.40% | -3.45% | 9.03% | 1.31% | 2.58% | 11.23% |
| 2014 | -4.64% | 4.31% | 2.04% | 0.45% | 1.55% | 2.36% | -1.84% | 3.01% | -1.93% | 0.93% | 2.75% | -1.12% | 7.76% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 81, CFIMX is among the top 19% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Clipper Fund (CFIMX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
Clipper Fund provided a 17.82% dividend yield over the last twelve months, with an annual payout of $2.54 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.54 | $2.54 | $0.79 | $1.16 | $2.10 | $1.21 | $0.18 | $1.26 | $0.72 | $1.92 | $0.07 | $0.41 |
Dividend yield | 17.82% | 18.65% | 6.10% | 11.08% | 15.37% | 9.15% | 1.46% | 13.08% | 5.95% | 17.63% | 0.71% | 4.19% |
Monthly Dividends
The table displays the monthly dividend distributions for Clipper Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.60 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.95 | $2.54 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.36 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.43 | $0.79 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.98 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.18 | $1.16 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.77 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.33 | $2.10 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.21 | $1.21 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.18 | $0.18 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.47 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.79 | $1.26 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.24 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.48 | $0.72 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.53 | $0.00 | $0.00 | $0.00 | $0.00 | $1.39 | $1.92 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.07 | $0.07 |
| 2014 | $0.41 | $0.41 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Clipper Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Clipper Fund was 58.81%, occurring on Nov 20, 2008. Recovery took 532 trading sessions.
The current Clipper Fund drawdown is 3.99%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -58.81% | Jan 2, 2008 | 225 | Nov 20, 2008 | 532 | Jan 3, 2011 | 757 |
| -37.23% | Feb 20, 2020 | 23 | Mar 23, 2020 | 166 | Nov 16, 2020 | 189 |
| -30.8% | Jan 13, 2022 | 180 | Sep 30, 2022 | 194 | Jul 12, 2023 | 374 |
| -25.28% | Apr 11, 2002 | 127 | Oct 9, 2002 | 287 | Dec 1, 2003 | 414 |
| -21.78% | Aug 28, 2018 | 82 | Dec 24, 2018 | 85 | Apr 29, 2019 | 167 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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