Investment objective & strategy
As of April 25, 2025 · prospectusObjective. The Fund seeks current income.
Strategy. The Fund invests exclusively in U.S. Treasury securities, U.S. Government agency securities, U.S. Government agency mortgage securities (collectively U.S. Government Securities) and repurchase agreements collateralized by U.S. Government Securities. Under normal circumstances, the Funds portfolio will maintain a weighted average maturity of three years or less. The Fund invests exclusively in U.S. Treasury securities, U.S. Government agency securities, U.S. Government agency mortgage securities (collectively U.S. Government Securities) and repurchase agreements collateralized by U.S. Government Securities. Under normal circumstances, the Funds portfolio will maintain a weighted average maturity of three years or less.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| SBA POOL 531028 SBA 01/36 FLOATING VAR | — | $1.97M | 11.61% |
| GOVERNMENT NATIONAL MORTGAGE A GNR 2021 H03 FJ | — | $1.61M | 9.48% |
| GNMA II POOL MB0821 G2 12/55 FLOATING VAR | — | $965.20K | 5.68% |
| FANNIE MAE FNR 2022 22 HA | — | $894.24K | 5.26% |
| FNMA POOL BM7752 FN 06/55 FLOATING VAR | — | $857.29K | 5.04% |
| STONEX REPO | — | $842.00K | 4.95% |
| GOVERNMENT NATIONAL MORTGAGE A GNR 2017 51 AC | — | $839.18K | 4.94% |
| FNMA POOL BY1543 FN 06/53 FLOATING VAR | — | $707.15K | 4.16% |
| FED HM LN PC POOL 841736 FH 04/54 FLOATING VAR | — | $623.06K | 3.67% |
| GOVERNMENT NATIONAL MORTGAGE A GNR 2021 103 KD | — | $598.06K | 3.52% |
Portfolio moves
Dec 31, 2025 → Mar 31, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| Davis Balanced Fund · RPFCX, DCSCX, DCSYX | 9% | 0.67% |
| Davis Opportunity Fund · RPEAX, DGOCX, DGOYX | 5% | 0.68% |
| Clipper Fund · CFIMX | 5% | 0.70% |
Advisers
| Firm | Role |
|---|---|
| Davis Selected Advisers, L.P. | Adviser |
| Davis Selected Advisers - NY, Inc. | Sub-adviser |
Footnotes
- Expense ratio as of April 25, 2025, from the fund's prospectus.
- Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).
Machine-readable: JSON · Markdown. Programmatic access via the agent surface.