DFMAX — Davidson Multi-Cap Equity Fund
Data updated: 2026-05-28
DFMAX — Davidson Multi-Cap Equity Fund data: holdings, portfolio allocation, expenses, performance, cashflows, risk and SEC filings. United States Large Cap Blend / Core Equity · $126.23M AUM · 1.15% expense ratio · 13.1% 1-yr return. From SEC regulatory filings.
DFMAX Fund Overview
DFMAX — Davidson Multi-Cap Equity Fund is a US mutual fund managed by Advisors Series Trust, categorised as United States Large Cap Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Advisors Series Trust
- Category: United States Large Cap Blend / Core Equity
- Assets under management: $126.23M
- 1-year return: 13.1%
- Ticker: DFMAX
- SEC CIK: 0001027596
- SEC series ID: S000022607
- Share class ID: C000065364
DFMAX Holdings
Top 10 holdings of Davidson Multi-Cap Equity Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Amazon.com Inc | 4.75% |
| Alphabet Inc | 4.74% |
| NVIDIA Corp | 4.53% |
| Microsoft Corp | 4.32% |
| Apple Inc | 4.11% |
| Tsmc | 3.02% |
| Citigroup Inc | 2.72% |
| Meta Platforms Inc | 2.38% |
| Eaton Corp PLC | 2.32% |
| Broadcom Inc | 2.31% |
DFMAX Portfolio Allocation
Asset-class allocation of Davidson Multi-Cap Equity Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.4% |
| Cash & Equivalents | 0.7% |
DFMAX Performance
Total returns for DFMAX (as of 2026-08-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | -2.8% |
| 1 year | 13.1% |
| 3 years (annualised) | 12.1% |
| 5 years (annualised) | 9.1% |
DFMAX Risk Information
Risk metrics for DFMAX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 9.2%
DFMAX Costs and Fees
DFMAX costs about $115 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.15%
- Gross expense ratio: 1.26%
- Portfolio turnover: 16%
- Brokerage commissions: 1.13 bps of average net assets (SEC N-CEN)
DFMAX Cashflows
Over the 12 months to 2026-03, Davidson Multi-Cap Equity Fund had net outflows of $18.00M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-03 | −$1.14M |
| 2026-02 | −$4.40M |
| 2026-01 | −$1.99M |
| 2025-12 | $4.96M |
| 2025-11 | −$4.78M |
| 2025-10 | −$2.90M |
DFMAX Debt Constituents
No individual debt constituents are reported in Davidson Multi-Cap Equity Fund's latest SEC N-PORT filing.
DFMAX Prospectus and SEC Filings
Official Davidson Multi-Cap Equity Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other United States Large Cap Blend / Core Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.