Fund Evaluator:
Davis International A (DILAX)
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Best Performing in Foreign Large Blend Over the Last Year
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Fund Details
Davis International A Overview
Davis International A (DILAX) is an actively managed International Equity Foreign Large Blend fund. Davis Funds launched the fund in 2006.
The investment seeks long-term growth of capital. The fund will invest significantly (at least 40% of total assets under normal market conditions and at least 30% of total assets if market conditions are not deemed favorable) in issuers: (i) organized or located outside of the U.S.; (ii) whose primary trading market is located outside the U.S.; or (iii) doing a substantial amount of business outside the U.S., which the fund's manager considers to be a company that derives at least 50% of its revenue from business outside the U.S. or has at least 50% of its assets outside the U.S.
About Davis International A (DILAX)
There are 1 members of the management team with an average tenure of 19.60 years: Danton Goei (2006). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: MSCI ACWI Ex USA NR USD index with a weighting of 100%. Davis International A has 31 securities in its portfolio. The top 10 holdings constitute 49.3% 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 International A is part of the Equity global asset class and is within the International Equity fund group. Davis International A has 88.3% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 7.1%. There is 88.3% 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 International A has 4.6% of the portfolio in cash.
Assets Under Management
The fund has $28 million in total assets, which is below the $2 billion average for the Foreign Large 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.
DILAX 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 International A expense ratio is high compared to funds in the Foreign Large Blend category. Davis International A has an expense ratio of 1.05%, which is 12% higher than its category average, making the fund expense ratio grade a D. 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 International A has a portfolio turnover rate of 21%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 62% for the Foreign Large Blend category.
Recently, in the month of July 2026, Davis International A returned 5.7%, which earned it a grade of A, as the Foreign Large Blend category had an average return of 0.7%. 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 International A has a trailing yield of 0.78%, which is below the 2.17% 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 International A Grades
Year to date, the fund has returned 4.9%, 6.7 percentage points worse than the category, which translates into a grade of F. The fund has returned 16.9% over the past year (grade of F), 16.0% over the past three years (grade of C) and 7.8% per year over the past five years (grade of D) and 7.3% per year over the past 10 years (grade of F).
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DILAX 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 |
|
| DILAX Return (NAV) | 5.7% | 5.5% | 16.9% | 16.0% | 7.8% | 7.3% |
| DILAX Grade | A | B | F | C | D | F |
| +/- Category | 5.0% | 1.0% | -7.3% | 0.1% | -0.6% | -1.8% |
| Foreign Large Blend Avg | 0.7% | 4.4% | 24.2% | 15.9% | 8.4% | 9.1% |
| DILAX Tax Cost Ratio | na | na | 0.3% | 0.6% | 0.5% | 0.4% |
DILAX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| DILAX Return (NAV) | 4.9% | 30.7% | 21.6% | 5.1% | -11.5% | -22.0% | 22.7% | 26.5% | -21.0% | 38.1% | 0.8% |
| DILAX Grade | F | C | A | F | A | F | A | A | F | A | C |
| +/- Category | -6.7% | 0.2% | 16.7% | -11.1% | 4.9% | -32.1% | 10.9% | 3.6% | -5.8% | 11.7% | -0.2% |
| Foreign Large Blend Avg | 11.6% | 30.5% | 4.9% | 16.2% | -16.4% | 10.2% | 11.8% | 22.9% | -15.2% | 26.4% | 1.0% |
| Risk Measures | |
| Standard Deviation: | 17.0% |
| Total Risk Index: | 1.39 - High |
| Category Risk Index: | 1.31 - High |
| Category Risk Grade: | F (102% Rank) |
| Beta: | 0.84 |
| R-Squared: | 47% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Value |
| Bond Investment Style: | na |
| Yield: | 0.8% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $271 Mil |
| Fund Total Assets: | $ 28 Mil |
| Share Class Type: | A |
| Portfolio Turnover: | 21% |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 19.6 years | |||
| Average Tenure: 19.6 years | |||
| Managers (Year): Goei Danton (2006) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 31 |
| % in Top 10 Holdings: | 49.3% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 88.3% |
Portfolio Allocation |
|
| Domestic Stock: | 7.1% |
| Foreign Stock: | 88.3% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 4.6% |
Purchase Information
| Fund Family: | Davis Funds |
| Phone Number: | 800-279-0279 |
| Website: | www.davisfunds.com |
| Status: | Open |
| Inception Date: | December 29, 2006 |
| 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: | 0.18% |
Expenses and Fees | |
| Expense Ratio (%): | 1.05% ( Rating : High ) |
| Category Average Expense Ratio (%): | 0.94% |
| Share Class: | Davis International A |
| Min. Subsequent Purchase: | $ 25 |
| Min. Subsequent IRA Purchase: | $ 0 |
