Morningstar

Davis Government Bond Fund Class A RFBAX

Morningstar Medalist Rating
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Medalist Rating as of See Davis Investment Hub
  • NAV / 1-Day Return $5.13  /  −0.19 %
  • Fund Size $16.2M
  • Adjusted Expense Ratio 1.000%
  • Net Expense Ratio 1.000%
  • Fee Level: Distribution High
  • Share Class Type Front Load
  • Morningstar Category Government Mortgage-Backed Bond
  • Fixed-Income Style Box (Funds) —
  • Minimum Initial Investment $1,000
  • Investment Status Open
  • TTM Yield 3.05%
  • Average Effective Duration —
NAV and 1-Day Return as of

Morningstar’s Analysis RFBAX

Will RFBAX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable RFBAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the RFBAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of RFBAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Davis Government Bond A holds a quantitatively derived Negative Morningstar Medalist Rating. The rating indicates the model sees limited potential for the strategy to outperform peers on a risk-adjusted basis over a full market cycle.

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Portfolio Holdings RFBAX

More RFBAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 59.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Small Business Administration 1%

10.93 2M
Securitized

Government National Mortgage Association 1%

9.59 2M
Securitized

Cash & Equivalents

6.29 1M
Cash and Equivalents

Federal Home Loan Mortgage Corp. 1%

6.05 979,911
Securitized

Government National Mortgage Association 1%

5.70 922,712
Securitized

FRESB MTG TR 2018-SB51 1%

5.42 877,767
Securitized

Federal National Mortgage Association 2.5%

4.92 796,689
Securitized

Government National Mortgage Association 2.4%

4.86 786,803
Securitized

Federal National Mortgage Association 1%

4.60 745,959
Securitized

Federal National Mortgage Association 1%

4.25 687,992
Securitized

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