Fund Evaluator:
Davis Financial A (RPFGX)
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Best Performing in Financial Over the Last Year
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| 17.4% | Fidelity Advisor Financials Z (FIKBX) |
Fund Details
Davis Financial A Overview
Davis Financial A (RPFGX) is an actively managed Sector Equity Financial fund. Davis Funds launched the fund in 1991.
The investment seeks long-term growth of capital. The fund's investment adviser uses the Davis Investment Discipline to invest at least 80% of the fund's net assets, plus any borrowing for investment purposes, in securities issued by companies principally engaged in the financial services sector. It invests principally in common stocks (including indirect holdings of common stock through depositary receipts). A company is principally engaged in financial services if it owns financial services-related assets that constitute at least 50% of the value of all of its assets, or if it derives at least 50% of its revenues from providing financial services.
About Davis Financial A (RPFGX)
There are 2 members of the management team with an average tenure of 10.09 years: Pierce Crosbie (2018), Christopher Davis (2014). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and S&P 500 Sec/Financials TR USD index with a weighting of 100%. Davis Financial A has 29 securities in its portfolio. The top 10 holdings constitute 62.9% 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 Financial A is part of the Equity global asset class and is within the Sector Equity fund group. Davis Financial A has 22.2% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 77.4%. There is 22.2% 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 Financial A has 0.4% of the portfolio in cash.
Assets Under Management
The fund has $602 million in total assets, which is above the $197 million average for the Financial 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.
RPFGX 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 Financial A expense ratio is high compared to funds in the Financial category. Davis Financial A has an expense ratio of 0.94%, which is 29% lower than its category average, making the fund expense ratio grade a B. 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 Financial A has a portfolio turnover rate of 10%, indicating that holds its assets around 0.1 years. By way of comparison, the average portfolio turnover is 80% for the Financial category.
Recently, in the month of July 2026, Davis Financial A returned 3.4%, which earned it a grade of D, as the Financial category had an average return of 4.1%. 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 Financial A has a trailing yield of 1.24%, which is above the 1.01% 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 Financial A Grades
Year to date, the fund has returned 3.4%, 5.5 percentage points worse than the category, which translates into a grade of F. The fund has returned 17.1% over the past year (grade of C), 22.4% over the past three years (grade of B) and 13.8% per year over the past five years (grade of A) and 13.1% per year over the past 10 years (grade of B).
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RPFGX 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 |
|
| RPFGX Return (NAV) | 3.4% | 7.7% | 17.1% | 22.4% | 13.8% | 13.1% |
| RPFGX Grade | D | F | C | B | A | B |
| +/- Category | -0.7% | -1.3% | -0.6% | 3.1% | 4.5% | 1.8% |
| Financial Avg | 4.1% | 9.0% | 17.7% | 19.3% | 9.3% | 11.3% |
| RPFGX Tax Cost Ratio | na | na | 1.1% | 1.4% | 1.4% | 1.4% |
RPFGX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| RPFGX Return (NAV) | 3.4% | 29.3% | 29.5% | 15.5% | -8.9% | 31.5% | -5.9% | 26.3% | -11.8% | 19.3% | 15.0% |
| RPFGX Grade | F | A | B | B | A | C | D | D | A | B | D |
| +/- Category | -5.5% | 14.0% | 4.0% | 3.7% | 7.9% | -2.1% | -6.4% | -2.0% | 3.5% | 3.2% | -5.8% |
| Financial Avg | 8.9% | 15.3% | 25.6% | 11.8% | -16.8% | 33.6% | 0.5% | 28.3% | -15.3% | 16.1% | 20.9% |
| Risk Measures | |
| Standard Deviation: | 15.5% |
| Total Risk Index: | 1.27 - Above Average |
| Category Risk Index: | 0.84 - Below Average |
| Category Risk Grade: | B (25% Rank) |
| Beta: | 0.80 |
| R-Squared: | 42% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Value |
| Bond Investment Style: | na |
| Yield: | 1.2% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $1190 Mil |
| Fund Total Assets: | $ 603 Mil |
| Share Class Type: | A |
| Portfolio Turnover: | 10% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 12.6 years | |||
| Average Tenure: 10.1 years | |||
| Managers (Year): Davis Christopher (2014), Crosbie Pierce (2018) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 29 |
| % in Top 10 Holdings: | 62.9% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 22.2% |
Portfolio Allocation |
|
| Domestic Stock: | 77.4% |
| Foreign Stock: | 22.2% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.4% |
Purchase Information
| Fund Family: | Davis Funds |
| Phone Number: | 800-279-0279 |
| Website: | www.davisfunds.com |
| Status: | Open |
| Inception Date: | May 1, 1991 |
| 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: | 0.24% |
Expenses and Fees | |
| Expense Ratio (%): | 0.94% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.33% |
| Share Class: | Davis Financial A |
| Min. Subsequent Purchase: | $ 25 |
| Min. Subsequent IRA Purchase: | $ 0 |
