DRFAX Performance — Davis Research Fund, Class A
Data updated: 2026-10-06
DRFAX returned +14.82% year to date and +25.43% over one year to Jul 2026. Over one year the fund beat its US Large Value category average: $100 grew to $125, against $122 for the category. Volatility over the past 12 months was 12.73% a year. In the 12 months to Jul 2026 the fund took in a net $48K, and assets reached $88.49M.
DRFAX Growth of $100
What $100 invested in Davis Research Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Large Value category average over the same months.
| Period | DRFAX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $125 | $122 |
| 3 years (Aug 2023 – Jul 2026) | $177 | $156 |
| 5 years (Aug 2021 – Jul 2026) | $179 | $168 |
| Since data start (Aug 2019 – Jul 2026) | $265 | $226 |
DRFAX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +14.82% |
| 1 year | +25.43% |
3- and 5-year figures withheld: cannot be verified.
DRFAX Annual Returns
Calendar-year total returns of Davis Research Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +14.82% |
| 2025 | +25.04% |
| 2024 | +19.25% |
| 2023 | +28.65% |
| 2022 | −19.05% |
| 2021 | +11.79% |
| 2020 | +21.01% |
| 2019 (Aug–Dec) | +9.68% |
DRFAX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +2.8% | −0.1% | −5.6% | +9.5% | +5.6% | −0.3% | +2.8% | — | — | — | — | — |
| 2025 | +5.4% | −0.1% | −4.7% | −0.8% | +6.4% | +6.5% | +1.4% | +1.7% | +3.4% | +0.5% | +0.1% | +3.3% |
| 2024 | +0.2% | +6.9% | +3.9% | −4.3% | +4.5% | +1.3% | +1.7% | +1.4% | +4.0% | −1.5% | +5.1% | −4.8% |
| 2023 | +10.5% | −3.6% | +1.2% | +1.9% | +0.5% | +7.5% | +4.8% | −3.2% | −5.2% | −1.8% | +9.2% | +5.1% |
| 2022 | −3.2% | −4.5% | +0.8% | −9.7% | +2.3% | −8.9% | +7.2% | −5.1% | −9.6% | +4.9% | +11.0% | −3.6% |
| 2021 | +1.1% | +4.1% | +3.0% | +5.0% | −0.2% | −0.1% | −1.8% | +1.4% | −4.3% | +4.5% | −3.4% | +2.4% |
| 2020 | −1.5% | −5.9% | −11.7% | +11.5% | +4.9% | +4.1% | +3.8% | +5.7% | −3.0% | −2.4% | +12.1% | +4.2% |
| 2019 | — | — | — | — | — | — | — | −3.7% | +1.9% | +3.8% | +3.6% | +3.8% |
DRFAX Risk
Risk measures from monthly returns over Aug 2025 – Jul 2026.
- 1-year volatility (annualised): 12.73%
- Best month: +9.52% (Apr 2026)
- Worst month: −5.64% (Mar 2026)
DRFAX Fund Flows
Monthly money in and out of Davis Research Fund, from SEC Form N-PORT.
- 12-month net flow: $48K
- 12-month gross sales (incl. reinvestments): $123K
- Sales ÷ redemptions: 1.65×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $0 | $0 | $0 |
| Jun 2026 | $0 | $0 | $0 |
| May 2026 | $0 | $0 | $0 |
| Apr 2026 | $0 | $74K | −$74K |
| Mar 2026 | $0 | $0 | $0 |
| Feb 2026 | $0 | $0 | $0 |
| Jan 2026 | $0 | $0 | $0 |
| Dec 2025 | $123K | $0 | $123K |
| Nov 2025 | $0 | $0 | $0 |
| Oct 2025 | $0 | $0 | $0 |
| Sep 2025 | $0 | $0 | $0 |
| Aug 2025 | $0 | $0 | $0 |
DRFAX Assets Under Management
Net assets of Davis Research Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $88.49M |
| 2026-04-30 | $81.79M |
| 2026-01-31 | $79.27M |
| 2025-10-31 | $82.40M |
| 2025-07-31 | $77.98M |
| 2025-04-30 | $67.84M |
| 2025-01-31 | $71.80M |
| 2024-10-31 | $72.78M |
| 2024-07-31 | $70.04M |
| 2024-04-30 | $65.08M |
| 2024-01-31 | $61.23M |
| 2023-10-31 | $53.17M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.