Davis Appreciation & Income Fund (RPFCX)

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Davis Appreciation & Income Fund (RPFCX) is up 7.7% since the beginning of the year. RPFCX is currently trading at $72 per share. Investors who bought $1,000 worth of RPFCX shares 5 years ago would now be looking at an investment worth $1,529.

Davis Appreciation & Income Fund (RPFCX) has returned 7.72% so far this year and 23.75% over the past 12 months. Over the last ten years, RPFCX has returned 10.17% per year, falling short of the S&P 500 Index benchmark, which averaged 13.66% annually.

Based on dividend-adjusted daily data since Jan 4, 1993, RPFCX's average daily return is +0.04%, while the average monthly return is +0.75%. At this rate, an investment would double in approximately 7.7 years.

Historically, 64% of months were positive and 36% were negative. The best month was Apr 2009 with a return of +14.4%, while the worst month was Oct 2008 at -24.6%. The longest winning streak lasted 18 consecutive months, and the longest losing streak was 5 months.

On a daily basis, RPFCX closed higher 53% of trading days. The best single day was Nov 24, 2008 with a return of +8.0%, while the worst single day was Mar 16, 2020 at -9.4%.

Davis Appreciation & Income Fund has an annualized alpha of 2.01%, beta of 0.69, and R2 of 0.77 versus S&P 500 Index. Calculated based on daily prices since January 05, 1993.

• This fund participated in 83.16% of S&P 500 Index downside but only 81.86% of its upside - more exposed to losses than it benefited from rallies.
• This fund generated an annualized alpha of 2.01% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
• Beta of 0.69 indicates this fund moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.

RPFCX has a high expense ratio of 1.00%, indicating above-average management fees.

RPFCX ranks 78 for risk / return — better than 78% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

The table below present risk-adjusted performance metrics for Davis Appreciation & Income Fund (RPFCX) and compare them to S&P 500 Index.

Davis Appreciation & Income Fund provided a 5.99% dividend yield over the last twelve months, with an annual payout of $4.31 per share.

The table displays the monthly dividend distributions for Davis Appreciation & Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the Davis Appreciation & Income 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 Appreciation & Income Fund was 56.39%, occurring on Nov 20, 2008. Recovery took 539 trading sessions.

The current Davis Appreciation & Income Fund drawdown is 1.44%.

The chart below shows the rolling one-month volatility.