Fund Evaluator:
Davis Global A (DGFAX)
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Best Performing in Global Large-Stock Blend Over the Last Year
| 26.2% | Victory Cornerstone Equity (UCEQX) |
| 24.5% | Destinations Real Assets Z (DRAZX) |
| 23.8% | Victory Capital Growth (USCGX) |
| 23.7% | Destinations Real Assets I (DRAFX) |
| 23.7% | Victory World Equity (USAWX) |
Fund Details
Davis Global A Overview
Davis Global A (DGFAX) is an actively managed International Equity Global Large-Stock Blend fund. Davis Funds launched the fund in 2004.
The investment seeks long-term growth of capital. Davis Selected Advisers, L.P. ("Davis Advisors" or the "Adviser"), the fund's investment adviser, uses the Davis Investment Discipline to invest Davis Global Fund's portfolio principally in common stocks (including indirect holdings of common stock through depositary receipts) issued by both United States and foreign companies, including countries with developed or emerging markets.
About Davis Global A (DGFAX)
There are 1 members of the management team with an average tenure of 21.62 years: Danton Goei (2004). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: MSCI ACWI NR USD index with a weighting of 100%. Davis Global A has 37 securities in its portfolio. The top 10 holdings constitute 45.7% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Davis Global A is part of the Equity global asset class and is within the International Equity fund group. Davis Global A has 48.3% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 50.6%. There is 48.3% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Davis Global A has 1.1% of the portfolio in cash.
Assets Under Management
The fund has $241 million in total assets, which is below the $1 billion average for the Global Large-Stock Blend category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
DGFAX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Davis Global A expense ratio is high compared to funds in the Global Large-Stock Blend category. Davis Global A has an expense ratio of 0.95%, which is 9% lower than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Davis Global A has a portfolio turnover rate of 27%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 43% for the Global Large-Stock Blend category.
Recently, in the month of July 2026, Davis Global A returned 4.8%, which earned it a grade of A, as the Global Large-Stock Blend category had an average return of 0.8%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Davis Global A has a trailing yield of 0.73%, which is below the 0.95% category average. The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Davis Global A Grades
Year to date, the fund has returned 3.3%, 6.5 percentage points worse than the category, which translates into a grade of F. The fund has returned 18.1% over the past year (grade of D), 17.1% over the past three years (grade of B) and 9.1% per year over the past five years (grade of C) and 10.8% per year over the past 10 years (grade of C).
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DGFAX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| DGFAX Return (NAV) | 4.8% | 4.2% | 18.1% | 17.1% | 9.1% | 10.8% |
| DGFAX Grade | A | C | D | B | C | C |
| +/- Category | 4.0% | 0.5% | -0.7% | 1.8% | 0.2% | 0.1% |
| Global Large-Stock Blend Avg | 0.8% | 3.7% | 18.8% | 15.3% | 8.9% | 10.7% |
| DGFAX Tax Cost Ratio | na | na | 2.0% | 1.8% | 1.6% | 1.1% |
DGFAX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| DGFAX Return (NAV) | 3.3% | 31.9% | 22.7% | 17.2% | -16.5% | -5.1% | 23.1% | 31.6% | -20.8% | 33.3% | 10.3% |
| DGFAX Grade | F | A | A | D | C | F | A | A | F | A | A |
| +/- Category | -6.5% | 11.8% | 9.5% | -1.6% | -0.3% | -22.6% | 8.4% | 5.7% | -10.4% | 10.4% | 3.7% |
| Global Large-Stock Blend Avg | 9.8% | 20.1% | 13.2% | 18.8% | -16.2% | 17.5% | 14.6% | 25.9% | -10.4% | 23.0% | 6.6% |
| Risk Measures | |
| Standard Deviation: | 14.3% |
| Total Risk Index: | 1.17 - Above Average |
| Category Risk Index: | 1.15 - High |
| Category Risk Grade: | F (94% Rank) |
| Beta: | 0.87 |
| R-Squared: | 59% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Value |
| Bond Investment Style: | na |
| Yield: | 0.7% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $928 Mil |
| Fund Total Assets: | $ 242 Mil |
| Share Class Type: | A |
| Portfolio Turnover: | 27% |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 21.6 years | |||
| Average Tenure: 21.6 years | |||
| Managers (Year): Goei Danton (2004) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 37 |
| % in Top 10 Holdings: | 45.7% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 48.3% |
Portfolio Allocation |
|
| Domestic Stock: | 50.6% |
| Foreign Stock: | 48.3% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 1.1% |
Purchase Information
| Fund Family: | Davis Funds |
| Phone Number: | 800-279-0279 |
| Website: | www.davisfunds.com |
| Status: | Open |
| Inception Date: | December 22, 2004 |
| Min. Initial Purchase: | $1,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | No |
| Front Load Maximum: | 4.75% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.23% |
Expenses and Fees | |
| Expense Ratio (%): | 0.95% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.05% |
| Share Class: | Davis Global A |
| Min. Subsequent Purchase: | $ 25 |
| Min. Subsequent IRA Purchase: | $ 0 |
