Davis NY Venture ANYVTX

Morningstar Rating

Fund Research and Analysis

by Dan Culloton

Davis New York Venture is on the mend.

The fund is still climbing out of the hole it and the rest of large-blend category fell into last year. Although it had gained a nice 24% and beat the S&P 500 Index and its typical large-cap-blend peer for Read more

Kudos

Management takes a long-term view.

Managers, analysts, and directors have a lot of their own money invested in their funds.

Consistently applied investment strategy.

Firm has added analysts during the downturn.

Firm has adjusted the fund's fee schedule to pass on economies of scale to shareholders. Read more

Risks

The fund has sizable weightings in individual stocks and a big financials weighting that can make performance uneven.

Steep losses in 2008.

Still-large financials sector weighting can hurt fund when that area tanks. Read more

Strategy

The managers try to buy great companies whose shares are temporarily depressed. They estimate a firm's intrinsic value based on their own earnings analysis, in which they try to assess a firm's true Read more

Management

Chris Davis started at the firm in 1991 and has been a comanager on this fund since 1995. He plans to stick around--the Davis family owns the firm and invests heavily in the funds. Comanager Ken Feinberg began as a financial-stock analyst with the firm Read more

Inside Scoop

This fund's management looks for great companies trading at discounts to their intrinsic values. As a result, most of the fund's holdings are in the value or blend sections Read more

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