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Quick Guide to Davis New York Venture A Fund (NYVTX)

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Davis New York Venture A (NYVTX - Free Report) a Zacks Ranked #1 (Strong Buy) was incepted in February 1969 and is managed by Davis Selected Advisers. NYVTX seeks long-term growth of capital. Under normal circumstances, NYVTX invests majority of its assets in equity securities issued by companies with market capitalizations of at least $10 billion that are of high quality and whose shares are selling at attractive prices. NYVTX has the flexibility to invest a limited portion of its assets in companies of any size and to invest in non-equity securities.

This Global-Equity fund, as of the last filing, allocates their fund in five major groups; Large Value, Large Growth, High Yield Bond, Foreign Stock and Emerging Market. Further, as of the last filing, Amazon.com, Inc, Alphabet Inc and Wells Fargo & Company were the top holdings for NYVTX.

Davis New York Venture A, managed by Davis Funds , carries an expense ratio of 0.86%. Moreover, NYVTX requires a minimal initial investment of $1,000.

NYVTX has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 1, 3, 5 year benchmarks; 1 year 2.97%, 3 year 13.90% and 5 year 9.66%. To see how this fund performed compared in its category, please click here.

NYVTX’s performance, as of the last filing, when compared to funds in its category was in the top 14% in 1 year, top 8% over the past 3 years, and in the 14% over the past 5 years.

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