RFBAX Performance — Davis Government Bond Fund, Class A
Data updated: 2026-08-27
RFBAX returned +1.33% year to date and +3.27% over one year to Jun 2026. Annualised returns are +4.19% over 3 years and +1.46% over 5 years. The fund trailed its Short-Term Securitized Bond category average: $100 invested three years ago grew to $113, against $120 for the category, and to $103 over one year, against $105. Volatility over the past three years was 1.27% a year. In the 12 months to Jun 2026 the fund lost a net $669K, and assets reached $16.64M.
RFBAX Growth of $100
What $100 invested in Davis Government Bond Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Short-Term Securitized Bond category average over the same months.
| Period | RFBAX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $103 | $105 |
| 3 years (Jul 2023 – Jun 2026) | $113 | $120 |
| 5 years (Jul 2021 – Jun 2026) | $108 | $117 |
| Since data start (Jul 2019 – Jun 2026) | $110 | $126 |
RFBAX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +1.33% |
| 1 year | +3.27% |
| 3 years (annualised) | +4.19% |
| 5 years (annualised) | +1.46% |
RFBAX Annual Returns
Calendar-year total returns of Davis Government Bond Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +1.33% |
| 2025 | +4.50% |
| 2024 | +4.29% |
| 2023 | +3.87% |
| 2022 | −5.29% |
| 2021 | −1.48% |
| 2020 | +1.67% |
| 2019 (Jul–Dec) | +0.83% |
RFBAX 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 | +0.2% | +0.4% | +0.1% | +0.1% | +0.2% | +0.2% | — | — | — | — | — | — |
| 2025 | +0.4% | +0.7% | +0.6% | +0.2% | +0.1% | +0.4% | +0.1% | +0.8% | +0.4% | 0.0% | +0.4% | +0.1% |
| 2024 | +0.4% | −0.1% | +0.4% | −0.3% | +0.9% | +0.7% | +0.9% | +0.9% | +0.3% | −0.5% | +0.7% | +0.1% |
| 2023 | +0.9% | −0.9% | +1.2% | +0.4% | −0.4% | +0.2% | +0.4% | +0.2% | −0.2% | 0.0% | +0.9% | +1.0% |
| 2022 | −0.7% | −0.5% | −1.7% | −1.1% | +0.4% | −0.5% | +0.5% | −0.9% | −1.3% | −0.3% | +0.9% | −0.1% |
| 2021 | 0.0% | −0.3% | −0.1% | 0.0% | 0.0% | −0.1% | +0.2% | −0.4% | −0.4% | −0.4% | 0.0% | −0.2% |
| 2020 | +0.5% | +0.5% | +0.7% | +0.1% | +0.1% | +0.1% | +0.1% | −0.1% | −0.1% | −0.1% | 0.0% | 0.0% |
| 2019 | — | — | — | — | — | — | 0.0% | +0.5% | +0.1% | +0.1% | 0.0% | +0.1% |
RFBAX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 1.27%
- 3-year Sharpe ratio: -0.25 (vs 4.5% risk-free rate)
- Best month: +1.04% (Dec 2023)
- Worst month: −0.50% (Oct 2024)
RFBAX Fund Flows
Monthly money in and out of Davis Government Bond Fund, from SEC Form N-PORT.
- 12-month net flow: −$669K
- 12-month gross sales (incl. reinvestments): $2.1M
- Sales ÷ redemptions: 0.76×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $246K | $63K | $183K |
| May 2026 | $110K | $177K | −$68K |
| Apr 2026 | $150K | $591K | −$440K |
| Mar 2026 | $130K | $89K | $41K |
| Feb 2026 | $251K | $176K | $75K |
| Jan 2026 | $215K | $433K | −$218K |
| Dec 2025 | $466K | $138K | $328K |
| Nov 2025 | $73K | $297K | −$224K |
| Oct 2025 | $155K | $222K | −$67K |
| Sep 2025 | $129K | $142K | −$13K |
| Aug 2025 | $103K | $233K | −$130K |
| Jul 2025 | $93K | $231K | −$138K |
RFBAX Assets Under Management
Net assets of Davis Government Bond Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $16.64M |
| 2026-03-31 | $17.00M |
| 2025-12-31 | $17.12M |
| 2025-09-30 | $17.12M |
| 2025-06-30 | $17.29M |
| 2025-03-31 | $16.79M |
| 2024-12-31 | $16.96M |
| 2024-09-30 | $17.59M |
| 2024-06-28 | $17.39M |
| 2024-03-31 | $17.59M |
| 2023-12-31 | $17.61M |
| 2023-09-30 | $17.82M |
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.