Davis Appreciation & Income Fund (RPFCX)
The fund's investment adviser uses the Davis Investment Discipline to invest Davis Appreciation & Income Fund's assets in a balanced portfolio of common stock, convertible securities, preferred stock and bonds. It may also hold cash. The fund may invest in large, medium or small companies without regard to market capitalization and may invest in securities issued by either domestic or foreign companies.
Fund Info
| ISIN | US2391038807 |
|---|---|
| CUSIP | 239103880 |
| Issuer | Davis Funds |
| Inception Date | Apr 30, 1992 |
| Category | Diversified Portfolio |
| Min. Investment | $1,000 |
| Asset Class | Multi-Asset |
Asset Class Size | Large-Cap |
Asset Class Style | Value |
Expense Ratio
RPFCX has a high expense ratio of 1.00%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Davis Appreciation & Income 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 Appreciation & Income Fund had a return of 13.85% year-to-date (YTD) and 25.74% in the last 12 months. Over the past 10 years, Davis Appreciation & Income Fund had an annualized return of 6.47%, while the S&P 500 had an annualized return of 11.08%, indicating that Davis Appreciation & Income Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 13.85% | 19.55% |
| 1 month | 2.07% | 2.37% |
| 6 months | 4.86% | 8.95% |
| 1 year | 25.74% | 32.00% |
| 5 years (annualized) | 10.44% | 13.81% |
| 10 years (annualized) | 6.47% | 11.08% |
Monthly Returns
The table below presents the monthly returns of RPFCX, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 1.27% | 5.04% | 3.12% | -2.40% | 3.37% | 0.09% | 2.29% | 0.85% | 13.85% | ||||
| 2023 | 7.51% | -2.53% | -1.14% | 1.55% | 0.96% | 5.59% | 4.36% | -2.09% | -3.33% | -1.28% | 6.22% | 5.87% | 23.00% |
| 2022 | -1.26% | -2.79% | -0.07% | -8.12% | 2.58% | -9.87% | 6.09% | -3.94% | -7.32% | 6.94% | 6.88% | -4.10% | -15.65% |
| 2021 | 1.38% | 6.54% | 4.91% | 4.80% | 2.13% | -0.52% | 0.69% | 2.21% | -2.44% | 3.25% | -2.62% | 3.22% | 25.74% |
| 2020 | -1.62% | -6.09% | -16.07% | 9.28% | 2.08% | 1.43% | 2.39% | 4.06% | -2.97% | -0.27% | 12.10% | 3.30% | 4.74% |
| 2019 | 6.18% | 2.18% | 0.36% | 4.55% | -6.37% | 4.24% | 1.20% | -2.79% | 3.58% | 1.30% | 2.55% | 2.31% | 20.33% |
| 2018 | 4.70% | -3.10% | -2.70% | 1.29% | 1.76% | -0.40% | 3.16% | 0.43% | -0.55% | -6.42% | 1.19% | -6.98% | -8.02% |
| 2017 | 1.54% | 1.91% | 0.22% | 1.43% | 1.13% | 0.74% | 1.85% | -0.67% | 2.60% | 1.89% | 1.18% | 1.46% | 16.35% |
| 2016 | -9.23% | 0.69% | 9.00% | 4.75% | -1.11% | -0.88% | 2.64% | 1.47% | -0.38% | -0.18% | 2.41% | 0.82% | 9.38% |
| 2015 | -5.11% | 7.72% | -1.03% | 3.50% | -0.27% | -3.23% | -3.09% | -5.53% | -4.89% | 4.03% | 1.19% | -3.13% | -10.25% |
| 2014 | -3.04% | 5.20% | 2.13% | -0.37% | 0.14% | 3.47% | -1.34% | 5.94% | -3.01% | -2.33% | 0.47% | -1.34% | 5.53% |
| 2013 | 5.99% | -0.62% | 3.42% | -0.76% | 4.95% | -3.19% | 3.91% | -1.46% | 4.55% | 5.09% | 0.84% | 3.46% | 28.91% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of RPFCX is 72, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Davis Appreciation & Income Fund (RPFCX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Davis Appreciation & Income Fund granted a 2.74% dividend yield in the last twelve months. The annual payout for that period amounted to $1.69 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.69 | $1.59 | $1.20 | $0.16 | $0.34 | $0.87 | $0.40 | $0.33 | $0.43 | $0.39 | $0.43 | $0.51 |
Dividend yield | 2.74% | 2.91% | 2.63% | 0.28% | 0.78% | 2.03% | 1.09% | 0.83% | 1.25% | 1.21% | 1.18% | 1.47% |
Monthly Dividends
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.20 | $0.00 | $0.20 | $0.00 | $0.00 | $0.00 | $0.40 | |||
| 2023 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.25 | $0.00 | $0.00 | $1.04 | $1.59 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.06 | $0.00 | $0.06 | $0.00 | $0.00 | $0.00 | $0.13 | $0.00 | $0.95 | $1.20 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.06 | $0.00 | $0.03 | $0.00 | $0.00 | $0.00 | $0.03 | $0.00 | $0.04 | $0.16 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.09 | $0.00 | $0.09 | $0.00 | $0.00 | $0.00 | $0.09 | $0.00 | $0.09 | $0.34 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.10 | $0.00 | $0.10 | $0.00 | $0.00 | $0.00 | $0.15 | $0.00 | $0.52 | $0.87 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.07 | $0.00 | $0.09 | $0.00 | $0.00 | $0.00 | $0.07 | $0.00 | $0.18 | $0.40 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.08 | $0.00 | $0.08 | $0.00 | $0.00 | $0.00 | $0.08 | $0.00 | $0.09 | $0.33 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.08 | $0.00 | $0.19 | $0.43 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.10 | $0.00 | $0.11 | $0.39 |
| 2014 | $0.00 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.12 | $0.00 | $0.04 | $0.43 |
| 2013 | $0.11 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.15 | $0.00 | $0.10 | $0.51 |
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 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 55.75%, occurring on Nov 20, 2008. Recovery took 524 trading sessions.
The current Davis Appreciation & Income Fund drawdown is 0.82%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -55.75% | Oct 11, 2007 | 281 | Nov 20, 2008 | 524 | Dec 21, 2010 | 805 |
| -30.72% | Feb 20, 2020 | 23 | Mar 23, 2020 | 172 | Nov 24, 2020 | 195 |
| -29.84% | Sep 19, 2014 | 352 | Feb 11, 2016 | 358 | Jul 14, 2017 | 710 |
| -25.63% | Jan 18, 2022 | 178 | Sep 30, 2022 | 310 | Dec 26, 2023 | 488 |
| -24.3% | May 2, 2011 | 108 | Oct 3, 2011 | 338 | Feb 8, 2013 | 446 |
Volatility
Volatility Chart
The current Davis Appreciation & Income Fund volatility is 3.44%, 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.