No. of Recommendations: 2
"That's a good recommendation. Maybe I should have a look at them."
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This from a Perplexity inquiry...
"Based on available data, none of the major Davis Advisors Funds have outperformed the S&P 500 Total Return from January 1, 2000 through January 1, 2024.
The Davis New York Venture Fund (Class A), the flagship fund, posted an average annual return of 8.21% over 20 years (ending June 30, 2025). The S&P 500 Total Return Index annualized roughly 9.8% over the same time frame (Jan 2000–Jan 2024), according to widely reported index figures, indicating the Davis fund lagged behind.
The Davis Financial Fund (Class A) delivered 8.41% annualized over 20 years.
The Davis Opportunity Fund (Class A) delivered 8.61% annualized over 20 years.
For reference, the S&P 500 Total Return Index grew from 1,469.25 on Jan 1, 2000 to approximately 4,770 at year-end 2023, producing an annualized total return above 9% per year, even including the dotcom and 2008 financial crises.
No Davis open-end mutual fund with at least 20-year history (from before 2000) shows a 20-year average annual return that equals or exceeds the S&P 500's total return for this period. Their fund literature points to outperformance since the 1960s inception for the New York Venture Fund, but not explicitly over the 2000–2024 window.
Recent products like the Davis Select U.S. Equity ETF (DUSA) have occasionally outpaced the S&P 500 for one- or two-year stretches but do not have a 24-year record.
In summary, while some Davis funds have a history of long-term value investing and selective outperformance in distinct decades, their performance did not exceed the S&P 500 Total Return Index over the 2000–2024 period according to their most current published results"
ciao
P.S....even their highflying venture fund under perf the S&P coming up $164K short of $100K investment in the S&P 20 yrs ago, ($485K vs $649K )
