Davis All-Cap Portfolio
Overview
Investment Strategy
The goal of the Davis All-Cap Portfolio is to provide investors access to attractive investment opportunities across a range of market capitalizations, industries and sectors.
Using our signature
Davis Investment Discipline, the Portfolio has outperformed the Russell 3000®
Index in nine of the thirteen years since Davis began managing the Portfolio (gross of fees)1 Click here to learn more about our
historical record of attractive long-term returns.
Why
Invest in the Davis All-Cap Portfolio
Sixty
Years of Experience
The Davis family has compounded wealth for investors over six decades and three
generations.
Long-Term Investment Results
The Davis All-Cap Portfolio has outperformed the Russell 3000® Index by an average of 4.1% per year since Davis began managing the Portfolio. A hypothetical $100,000 investment in the Portfolio on January 1, 1999 compounded to $263,012 as of March 31, 2012 vs. only $157,953 for the Russell 3000® Index (Gross of fees. See below for net of fee returns).1
Aligned with Shareholders
With more than $2 billion invested side by side with fellow shareholders, we experience the same risks and reap the same rewards.2
Performance as of 3/31/12
1) The Davis All-Cap Portfolio has outperformed the Russell 3000® Index nine of thirteen calendar years since Davis began management on January 1, 1999.
| Average Annual Total Returns as of March 31, 2012 All-Cap Portfolio |
YTD* | 1 Year |
3 Years |
5 Years |
7 Years |
10 Years |
Since Inception (1/1/99) |
|---|---|---|---|---|---|---|---|
| gross | 12.38% | 10.16% | 21.33% | 0.90% | 4.24% | 5.88% | 7.59% |
| with a 3% maximum wrap fee | 11.57% | 6.92% | 17.79% | -2.08% | 1.42% | 3.63% | 5.66% |
* YTD is not annualized.
The performance presented represents past performance and is not a guarantee of future results. Total return assumes reinvestment of dividends and capital gain distributions. Investment return and principal value will vary so that, when redeemed, an investor’s account may be worth more or less than their original cost. Current performance may be higher or lower. Total return updates are available quarterly. Please ask your financial advisor to contact Davis Advisors.
2) A hypothetical $100,000 investment in the Davis All-Cap Portfolio on January 1, 1999 compounded to $263,012 as of March 31, 2012 vs. only $157,953 for the Russell 3000® Index.
Portfolio Characteristics as of 3/31/12
Market Capitalization
Portfolio Composition
| Davis All-Cap Portfolio | Russell 3000® Index |
|
|---|---|---|
| Forecast P/E Ratio | 14.2 | 13.7 |
| P/B Ratio | 3.5 | 3.1 |
| Weighted Average Market Cap ($bn) | 103.8 | 91.9 |
| Beta (3 year) | 1.0 | 1.0 |
| Standard Deviation (5 year) | 21.7 | 22.6 |
| Number of Holdings | 52 | 2946 |
| Turnover | 55.2 | 3.6 |
Top 10 Industries
| Technology | 25.3% |
| Capital Goods | 9.2% |
| Insurance | 8.8% |
| Pharmaceutical & Health Care | 7.6% |
| Media | 7.1% |
| Food & Staples Retailing | 7.0% |
| Materials | 5.7% |
| Food, Beverage & Tobacco | 5.6% |
| Banks | 5.5% |
| Retail | 5.3% |
Top 10 Holdings
| Google Inc - Class A | 6.0% |
| Walt Disney | 5.4% |
| Microsoft Corp | 5.3% |
| Berkshire Hathaway Inc Class B | 3.9% |
| Wells Fargo & Co. | 3.7% |
| The Coca-Cola Co | 3.3% |
| CVS Caremark Corp | 3.1% |
| Paccar Inc | 3.0% |
| Sigma-Aldrich Corp | 2.8% |
| Johnson & Johnson | 2.5% |
Click here for quarter-end holdings
Literature
| Insights into the Portfolio | ||
|---|---|---|
| Fact Sheet | Download Share |
Goals of the Portfolio, top holdings, characteristics and Portfolio attributes. |
| Distinctive Characteristics | Download Share |
Specific attributes of the Davis All-Cap Portfolio and profiles of potential investors. |
| How to Use the Davis All-Cap Portfolio | Download Share |
How the Portfolio may be utilized to enhance the long-term wealth-building potential of specific client profiles. |
| Quarterly Review Book: Large Cap Value and All-Cap Portfolios | Download Share |
A comprehensive quarterly update on the two Portfolios, including commentary on investment strategy, performance and Portfolio statistics, and holdings. |
| Portfolio Commentaries | ||
| Portfolio Commentary - Spring 2012 | Download View Share | A quarterly discussion of the market environment, Portfolio performance, major positions, and investment opportunities. |
| Insights About Davis Advisors | ||
| The Davis Research Methodology | Download Share |
A brief history of Davis Advisors and our unique approach to building long-term wealth through investing in equities, including: what we look for in a company, how we arrive at an appropriate purchase price and the factors that may prompt us to sell a position. |
| Insights into Successful Investing | ||
| The Wisdom of Great Investors | Download View Share | Timeless principles that have guided some of history's most successful investors, including Warren Buffett, Ben Graham, Peter Lynch, and others. |
This material may be shared with existing and potential clients to provide information concerning market conditions and the investment strategies and techniques used by Davis Advisors to manage its client accounts. Please refer to Davis Advisors Form ADV Part 2 for more information regarding investment strategies, risks, fees, and expenses. Clients should also review other relevant material, including a schedule of investments listing securities held in their account.
The Davis All-Cap Portfolio is represented by Davis Advisors’ Multi-Cap SMA Composite. See Performance disclosure for a description of the Composite.
1Gross of fees. These figures would be lower if fees were included. Davis began managing
the portfolio on 1/1/99. Past performance
is not a guarantee of future results.
2As of December 31, 2011.
(5) Read here for objective/risk disclosures
(6) Read here for performance disclosures