Fund Facts  

Inception Date: Feb 17, 1969
Ticker Symbol: NYVTX
Morningstar Category:Large Blend
As of Mar 31, 2014
Fund Net Assets ($millions) $20,804

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 Risk Glossary for additional information about the Fund’s risks.

 

Performance & Expenses

Standard Performance As of Mar 31, 2016
Fund/Benchmark Name QtrYTD1-Yr3-Yr5-Yr10-YrSince Inception
Davis New York Venture Aa-4.92%-4.92%-4.00%8.12%7.57%4.59%11.47%
S&P 500 Indexa,b1.35%1.35%1.78%11.82%11.58%7.01%N/A
Morningstar Large Blenda,c0.30%0.30%-1.96%9.62%9.61%5.98%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 performance is shown comparing it to a "benchmark" which may be a (i) broad-based securities market index (ii) a group of mutual funds with similar investment objectives, or (iii) a short term government backed debt obligation such as a U.S. Treasury Bill. An index is not available for direct investment, is unmanaged, and does not reflect the costs of portfolio management or trading. A fund's portfolio may differ from the securities held in an index.

Annual Fund Operating Expenses
Total expensesa0.86%

 

a. Returns and/or expenses provided by Morningstar, Inc. Copyright © 2016. 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. ICMA-RC does not independently verify Morningstar data.

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

c. The Morningstar Category Average is the equal-weighted average return of all funds per category, as identified by Morningstar, Inc.

Distributions

Dividends and Capital Gains  
Record Date Ex/Payable Date Income/Capital Gains Paid Per Share
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
Dec 21, 2011Dec 21, 2011$0.196000000
 

Morningstar Information

Morningstar Rating   As of Mar 31, 2014
Period Stars Category Size
Overall 2 Stars1398
3-Year 2 Stars1398
5-Year 2 Stars1225
10-Year 2 Stars893

For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads, fee waivers, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each 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 fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics. For funds with loads, the Morningstar rating on a load-waived basis is provided, when available. Load-waived ratings do not include any front- or back-end sales loads and are intended for investors that have access to such purchase terms. Funds with loads are waived for plans administered by ICMA-RC. Past performance is no guarantee of future results.

Morningstar Stylebox As of Mar 31, 2014
Equity Stylebox
Large Growth
Allocation of Assets As of Jan 31, 2014
Type of Asset Percent
Equity97%
Fixed Income1%
Cash/Other2%

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

 
 

Characteristics

Allocation of Assets As of Jan 31, 2014
Asset ClassPercent
Domestic Stock80.6%
Foreign Stock16.5%
Domestic Bond0.0%
Foreign Bond1.4%
Preferred0.0%
Convertible0.0%
Cash1.5%
Other0.0%

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

 
Equity Sector As of Jan 31, 2014
SectorPercent
Financial Services35.6%
Technology14.2%
Consumer Defensive10.0%
Consumer Cyclical8.9%
Healthcare7.8%
Basic Materials7.1%
Energy5.0%
Industrials4.5%
Communication Services2.4%
Real Estate1.6%

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

 
Top Ten Holdings As of Jan 31, 2014
Holding NamePercent
Google Inc Class A7.9%
American Express Co7.0%
Bank of New York Mellon Corp6.7%
Wells Fargo & Co6.3%
Berkshire Hathaway Inc Class A4.6%
CVS Caremark Corp3.4%
Bed Bath & Beyond, Inc.3.4%
Costco Wholesale Corporation2.9%
Canadian Natural Resources Ltd2.7%
UnitedHealth Group Inc2.6%
 

Statistics

Portfolio Statistics As of Mar 31, 2014
Statistic3-Year5-Year
Beta1.051.03
Alpha-2.99-1.97
Standard Deviation13.6415.01
 
 

Footnotes

1.

Please read the fund's prospectus 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 before investing. You may contact us to obtain a prospectus or to answer questions by calling 800-669-7400, emailing investorservices@icmarc.org, or visiting www.icmarc.org.

The source for this information is Morningstar, Inc. Copyright © 2016 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.