NYVTX Fees and Costs — Davis New York Venture Fund, Class A
Data updated: 2026-10-06
The net expense ratio is 0.91%: a 0.54% management fee, a 0.23% 12b-1 fee plus 0.14% other expenses. This share class carries a maximum front-end sales load of 4.75% and a deferred sales charge of up to 0.50%. In fiscal 2026 the fund paid $1.2M in broker commissions, 0.0171% of average net assets, and portfolio turnover was 17%.
NYVTX Fees and Expenses
Annual operating expenses and sales charges of NYVTX. Prospectus, as of July 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.54% |
| 12b-1 fee | 0.23% |
| Other expenses | 0.14% |
| Gross expense ratio | 0.91% |
| Fee waiver | — |
| Net expense ratio | 0.91% |
| Sales charges | |
|---|---|
| Max front load | 4.75% |
| Max deferred load | 0.50% |
| Redemption fee | 0.00% |
NYVTX Costs Over Time
On $10,000 invested in NYVTX, assuming 5% a year before costs, total costs come to $1,159 over 5 years, cutting the return by 1.98% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Sales charges | $525 | $475 | $475 |
| Fund expenses (net expense ratio 0.91%) | $91 | $284 | $493 |
| Trading costs (broker commissions) | $2 | $5 | $9 |
| Lost growth on money paid in costs | $24 | $89 | $182 |
| Total costs | $641 | $854 | $1,159 |
| Value after costs | $9,859 | $10,723 | $11,603 |
| Impact on return, per year | 6.41% | 2.65% | 1.98% |
NYVTX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0171%
- Total broker commissions: $1.2M
- Bought from dealers (principal trades, not a cost): $64.2B
- Portfolio turnover (prospectus): 17%
NYVTX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BTIG, LLC | $100K | 15.89% |
| BMO Capital Markets Corp. | $99K | 15.75% |
| Allen & Company LLC | $93K | 14.73% |
| J.P. Morgan Securities LLC | $77K | 12.27% |
| Piper Sandler & Co. | $61K | 9.71% |
| Dowling & Partners Securities, LLC | $50K | 7.86% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $40K | 6.38% |
| Evercore Group LLC (ISI Group) | $39K | 6.23% |
| Goldman, Sachs & Co. LLC | $36K | 5.66% |
| Keefe, Bruyette & Woods, Inc. | $35K | 5.50% |
NYVTX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| StoneX Financial Inc. | $5.9B | 54.66% |
| Nomura Securities International, Inc. | $4.9B | 45.34% |
Davis New York Venture Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| DNVYX | Class Y | 0.67% | none |
| NYVTX | Class A | 0.91% | 4.75% |
| NYVRX | Class R | 1.20% | none |
| NYVBX | Class B | 1.75% | none |
| NYVCX | Class C | 1.75% | none |
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.