Davis Government Bond Fund (RFBAX)
The investment seeks current income. The fund invests exclusively in U.S. Treasury securities, U.S. government agency securities, U.S. government agency mortgage securities (collectively "U.S. government securities"), and repurchase agreements collateralized by U.S. government securities. Under normal circumstances, the fund's portfolio will maintain a weighted average maturity of three years or less.
Fund Info
US2391037080
239103708
Nov 30, 1994
$1,000
Expense Ratio
RFBAX has a high expense ratio of 1.00%, indicating higher-than-average management fees.
Share Price Chart
Loading data...
Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Davis Government Bond Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Davis Government Bond Fund had a return of 0.45% year-to-date (YTD) and 4.93% in the last 12 months. Over the past 10 years, Davis Government Bond Fund had an annualized return of 0.87%, while the S&P 500 had an annualized return of 11.31%, indicating that Davis Government Bond Fund did not perform as well as the benchmark.
RFBAX
0.45%
0.45%
1.24%
4.93%
0.69%
0.87%
^GSPC (Benchmark)
4.46%
2.46%
9.31%
23.49%
13.03%
11.31%
Monthly Returns
The table below presents the monthly returns of RFBAX, 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 | 0.45% | 0.45% | |||||||||||
| 2024 | 0.46% | -0.14% | 0.46% | -0.32% | 0.86% | 0.67% | 0.87% | 0.88% | 0.29% | -0.51% | 0.65% | 0.06% | 4.31% |
| 2023 | 0.91% | -0.86% | 1.17% | 0.38% | -0.40% | 0.22% | 0.42% | 0.22% | -0.16% | 0.04% | 0.87% | 1.04% | 3.89% |
| 2022 | -0.73% | -0.53% | -1.70% | -1.13% | 0.43% | -0.53% | 0.47% | -0.91% | -1.29% | -0.30% | 0.93% | -0.08% | -5.27% |
| 2021 | 0.04% | -0.31% | -0.13% | 0.04% | 0.04% | -0.15% | 0.22% | -0.35% | -0.35% | -0.36% | 0.02% | -0.17% | -1.46% |
| 2020 | 0.51% | 0.51% | 0.77% | 0.09% | 0.14% | 0.15% | 0.07% | -0.07% | -0.04% | -0.13% | 0.08% | 0.07% | 2.16% |
| 2019 | 0.34% | 0.27% | 0.51% | 0.27% | 0.52% | 0.83% | -0.04% | 0.52% | 0.29% | 0.13% | -0.04% | 0.13% | 3.81% |
| 2018 | -0.49% | -0.03% | 0.07% | -0.03% | 0.33% | -0.11% | 0.18% | 0.11% | -0.11% | -0.05% | 0.49% | 0.55% | 0.91% |
| 2017 | 0.24% | 0.06% | 0.04% | 0.24% | 0.22% | -0.13% | 0.06% | 0.04% | -0.13% | -0.15% | -0.32% | 0.06% | 0.22% |
| 2016 | 0.44% | 0.06% | 0.04% | -0.11% | 0.06% | 0.48% | -0.13% | -0.15% | 0.05% | -0.13% | -0.52% | -0.32% | -0.23% |
| 2015 | 0.64% | -0.09% | 0.26% | 0.07% | 0.04% | -0.33% | 0.06% | -0.15% | 0.24% | -0.13% | -0.11% | -0.13% | 0.37% |
| 2014 | 0.48% | 0.13% | -0.27% | 0.28% | 0.27% | 0.11% | -0.28% | 0.09% | -0.09% | 0.28% | 0.26% | -0.07% | 1.19% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 90, RFBAX is among the top 10% 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 Davis Government Bond Fund (RFBAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Davis Government Bond Fund provided a 3.21% dividend yield over the last twelve months, with an annual payout of $0.16 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.16 | $0.16 | $0.12 | $0.04 | $0.03 | $0.08 | $0.12 | $0.09 | $0.03 | $0.04 | $0.04 | $0.06 |
Dividend yield | 3.21% | 3.22% | 2.40% | 0.82% | 0.58% | 1.40% | 2.22% | 1.65% | 0.60% | 0.71% | 0.74% | 1.18% |
Monthly Dividends
The table displays the monthly dividend distributions for Davis Government Bond 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 | $0.01 | $0.00 | $0.01 | ||||||||||
| 2024 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.16 |
| 2023 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.12 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.01 | $0.01 | $0.01 | $0.04 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.03 |
| 2020 | $0.01 | $0.01 | $0.01 | $0.00 | $0.01 | $0.01 | $0.00 | $0.01 | $0.01 | $0.00 | $0.00 | $0.00 | $0.08 |
| 2019 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.12 |
| 2018 | $0.00 | $0.01 | $0.00 | $0.01 | $0.01 | $0.00 | $0.01 | $0.01 | $0.00 | $0.01 | $0.02 | $0.01 | $0.09 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 |
| 2015 | $0.01 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 |
| 2014 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 | $0.01 | $0.06 |
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the Davis Government Bond 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 Davis Government Bond Fund was 7.87%, occurring on Oct 20, 2022. Recovery took 447 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -7.87% | Oct 5, 2020 | 516 | Oct 20, 2022 | 447 | Aug 2, 2024 | 963 |
| -5.17% | Oct 6, 1998 | 221 | Aug 10, 1999 | 257 | Aug 10, 2000 | 478 |
| -4.74% | Jun 16, 2003 | 42 | Aug 14, 2003 | 745 | Aug 1, 2006 | 787 |
| -4.11% | Feb 15, 1996 | 85 | Jun 12, 1996 | 82 | Oct 4, 1996 | 167 |
| -3.93% | Nov 8, 2001 | 27 | Dec 17, 2001 | 112 | May 30, 2002 | 139 |
Volatility
Volatility Chart
The current Davis Government Bond Fund volatility is 0.51%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.