Fund Facts  

Inception Date: Feb 17, 1969
CUSIP: 239080104
Ticker Symbol: NYVTX
Morningstar Category:Large Blend
As of Sep 30, 2017
Fund Net Assets ($millions) $11,364

Documents for Fund or Underlying Fund(s)  

Description

Objective  

The investment seeks long-term growth of capital.

Principal Investment Strategies  

Davis Selected Advisers, L.P. ("Davis Advisors" or the "Adviser"), the fund's investment adviser, uses the Davis Investment Discipline to invest Davis New York Venture Fund's portfolio principally in common stocks (including indirect holdings of common stock through depositary receipts) issued by large companies with market capitalizations of at least $10 billion. Historically, the fund has invested a significant portion of its assets in financial services companies and in foreign companies, and may also invest in mid- and small- capitalization companies.

Principal Investment Risks  

There is no guarantee that the Fund will achieve its investment objective. You may lose money by investing in the Fund. Please see the Fund’s prospectus or other disclosure documents for information about the Fund’s risks.

 

Performance & Expenses

Standard Performance As of Sep 30, 2017
Fund/Benchmark Name QtrYTD1-Yr3-Yr5-Yr10-YrSince Inception
Davis New York Venture Aa4.62%13.92%20.22%10.83%13.83%5.83%11.77%
S&P 500 Indexa,b4.48%14.24%18.61%10.81%14.22%7.44%N/A
Morningstar Large Blenda,c4.19%13.19%17.65%9.03%12.91%6.58%N/A

Fund past performance, as shown, is no guarantee of how the Fund will perform in the future. The performance shown has been annualized for periods greater than one year. Investment returns and principal value will fluctuate, so that an investor's shares, when redeemed, may be worth more or less than their original cost. For current performance, visit www.icmarc.org.

Fund Expensesa
Gross Expenses0.89%
Net Expenses0.89%

 

a. Certain information including, but not limited to, benchmark performance or other performance and/or fee information, is provided by Morningstar, Inc., © 2017 All rights reserved. This information: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed and (3) is not warranted to be accurate, complete or timely. Neither Morningstar and/or its content providers are responsible for any damages or losses arising from any use of information. Morningstar is a registered trademark of Morningstar, Inc.

b. The S&P 500 Index consists of 500 companies representing larger capitalization stocks traded in the U.S.

c. The Morningstar category represents the average return for a category of funds with similar investment objectives and strategies. The average is calculated and funds are assigned to a category by Morningstar.

Distributions

Dividends and Capital Gains  
Record Date Ex/Payable Date Income/Capital Gains Paid Per Share
Jun 28, 2017Jun 28, 2017$1.214500000
Dec 13, 2016Dec 13, 2016$1.849000000
Jul 1, 2016Jul 1, 2016$2.073000000
Dec 10, 2015Dec 10, 2015$3.124800000
Jul 1, 2015Jul 1, 2015$3.971300000
Dec 11, 2014Dec 11, 2014$3.799400000
Jul 1, 2014Jul 1, 2014$3.423200000
Dec 19, 2013Dec 19, 2013$1.847000000
Jul 1, 2013Jul 1, 2013$3.025000000
Dec 18, 2012Dec 18, 2012$1.878000000
 

Morningstar Information

Morningstar RatingTM   As of Sep 30, 2017
Period Stars Category Size
Overall 3 Stars1218
3-Year 4 Stars1218
5-Year 3 Stars1083
10-Year 2 Stars799

The Morningstar Rating™ for funds, or “star rating”, is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange–traded funds, closed–end funds, and separate accounts) with at least a three–year history. Exchange–traded funds and open–ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk–Adjusted Return measure that accounts for variation in a managed product′s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three–, five–, and 10–year (if applicable) Morningstar Rating metrics. The weights are: 100% three–year rating for 36–59 months of total returns, 60% five–year rating⁄40% three–year rating for 60–119 months of total returns, and 50% 10–year rating⁄30% five–year rating⁄20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.

Morningstar Stylebox As of Sep 30, 2017
Equity Stylebox
Large Growth
Allocation of Assets As of Jul 31, 2017
Type of Asset Percent
Equity96%
Fixed Income0%
Cash/Other4%

Due to rounding, percentages shown may not add up to 100%.

 
 

Characteristics

Allocation of Assets As of Jul 31, 2017
Asset ClassPercent
Domestic Stock81.7%
Foreign Stock13.8%
Domestic Bond0.0%
Foreign Bond0.0%
Preferred0.0%
Convertible0.0%
Cash4.0%
Other0.5%

Due to rounding, percentages shown may not add up to 100%.

 
Equity Sector As of Jul 31, 2017
SectorPercent
Financial Services30.9%
Technology15.2%
Consumer Cyclical12.6%
Energy10.1%
Basic Materials9.3%
Industrials7.5%
Healthcare4.9%
Communication Services1.7%
Consumer Defensive0.8%

Exposure reflects equity securities only and will sum to the equity exposure of the fund.

 
Top Ten Holdings As of Jul 31, 2017
Holding NamePercent
Amazon.com Inc6.5%
Berkshire Hathaway Inc A5.8%
Wells Fargo & Co5.8%
JPMorgan Chase & Co5.3%
Alphabet Inc C4.7%
Bank of New York Mellon Corp4.3%
Apache Corp4.2%
United Technologies Corp3.7%
American Express Co3.6%
Capital One Financial Corp3.0%
 

Statistics

Portfolio Statistics As of Sep 30, 2017
Statistic3-Year5-Year
Beta1.111.10
Alpha-0.92-1.46
Standard Deviation12.3111.36
 
 

Footnotes

1.

Please read the fund's prospectus or disclosure materials carefully for a complete summary of all fees, expenses, investment objectives and strategies, risks, financial highlights, and performance information. Investing involves risk, including possible loss of the amount invested. Investors should carefully consider the information contained in the prospectus or disclosure materials before investing. To request a prospectus or disclosure materials, you may contact us by calling 800-669-7400, emailing investorservices@icmarc.org, or visiting www.icmarc.org.

The source for this information is Morningstar, Inc. Copyright © 2017 Morningstar, Inc.® All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Morningstar, Inc. is a global investment research firm that is not affiliated with ICMA-RC. ICMA-RC does not independently verify Morningstar data.

Morningstar places funds in certain categories based on the fund's historical portfolio holdings. Placement of a fund in a particular Morningstar category does not mean that the fund will remain in that category or that it will invest primarily in securities consistent with its Morningstar category. A fund's investment strategy and portfolio holdings are governed by its prospectus, guidelines or other governing documents, not its Morningstar category.