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Morningstar

Davis Government Bond A RFBAX

Morningstar Medalist Rating
Medalist Rating as of | See Davis Investment Hub
  • NAV / 1-Day Return 4.99  /  0.02 %
  • Total Assets 17.8 Mil
  • Adj. Expense Ratio
    1.000%
  • Expense Ratio 1.000%
  • Distribution Fee Level High
  • Share Class Type Front Load
  • Category Short Government
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 2.02%
  • Effective Duration —

USD | NAV as of Sep 29, 2023 | 1-Day Return as of Sep 29, 2023, 10:17 PM GMT+0

Morningstar’s Analysis RFBAX

Will RFBAX outperform in 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.

The combination of an Average People Pillar rating and a Below Average Process Pillar rating limit Davis Government Bond A to a Morningstar Medalist Rating of Negative.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the most expensive quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings RFBAX

More RFBAX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 39
  • Other Holdings 1
  • % Assets in Top 10 Holdings 64.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Government National Mortgage Association 1%

10.99
2,064,700
Securitized

Government National Mortgage Association 1%

10.14
1,905,751
Securitized

Government National Mortgage Association 2.25%

8.95
1,681,880
Securitized

Cash & Equivalent

8.82
1,656,753
Cash and Equivalents

Government National Mortgage Association 1%

7.84
1,473,779
Securitized

Federal National Mortgage Association 3.57%

7.70
1,447,189
Securitized

Government National Mortgage Association 1%

5.43
1,020,077
Securitized

Government National Mortgage Association 1%

4.07
765,296
Securitized

Government National Mortgage Association 2.7%

3.40
639,401
Securitized

Federal National Mortgage Association 1%

3.36
630,714
Securitized