Davis Global Portfolio
|Results from Inception through 12/31/16|
|Global Equity SMA Composite (Gross)||5.87%|
|MSCI ACWI® Index||2.52%|
|Global Equity SMA Composite (Net of fees)||2.75%|
The Davis Global Portfolio
Davis Global is a portfolio of attractive businesses from around the world selected using the time-tested Davis Investment Discipline. As the largest investor in the strategy, we have a unique commitment to client stewardship.1
Why Invest in the Davis Global Portfolio
Equity-Focused Research Firm:
Established in 1969, Davis is a leading specialist in equity investing. Our primary focus on equity research and unique investment discipline has built wealth for our clients over the long term.
Portfolio of Best of Breed Businesses:
The Portfolio invests in businesses in the U.S. and abroad, from both developed and developing markets. Utilizing rigorous independent research, we invest in durable, well-managed businesses with sustainable competitive advantages and attractive long-term growth prospects, selling at a discount to their true value.
Flexible, Opportunistic Approach:
We believe a bottom-up stock selection process and not mirroring the benchmark index are keys to long-term outperformance.
We Are Among the Largest Investors:1
We have a unique commitment to stewardship, generating attractive long-term results, managing risks and minimizing fees.
Danton Goei: 18 years with Davis Advisors
Performance as of 12/31/16
|Average Annual Total Returns
as of December 31, 2016
Global Equity SMA Composite
|MSCI ACWI Index||1.19%||7.86%||2.52%|
* 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.
Portfolio Characteristics as of 12/31/16
Geographically Diverse Portfolio
|North America, ex. U.S.||11.6%|
Market Cap Breakdown
|Less than $3 Billion||11.8%||1.1%|
|Greater than $10 Billion||80.0%||85.8%|
|Number of Holdings||41||2,485|
|Median Market Cap ($bn)||19.0||8.5|
|Weighted Average Market Cap ($bn)||138.8||97.1|
|Dividend Yield (%)||0.7||2.5|
Top 10 Holdings
|Encana Corp.||Canada||Canadian-based energy exploration and production company with properties in Canada and the U.S.|
|Alphabet Inc.||United States||Dominant global on-line search and advertising company|
|Wells Fargo & Co.||United States||One of the largest banks in the U.S.|
|Amazon.com, Inc.||United States||An e-commerce giant within the retail industry|
|Apache Corp||United States||An oil and natural gas exploration and production company with interests in the U.S. and abroad|
|Berkshire Hathaway Inc., Class B||United States||A diversified holding company with interests in insurance, reinsurance, railroads, utilities, manufacturing, retailing, and a host of other business lines|
|Naspers, ADR||South Africa||A media conglomerate that operates a leading pay television business in South and Sub-Saharan Africa and holds interests in a range of e-commerce businesses around the world|
|JPMorgan Chase & Co.||United States||A major diversified bank with offering private banking, investment banking, credit cards and loans, and asset management services|
|United Technologies Corp.||United States||An industrial conglomerate whose businesses include Otis Elevator, Carrier and the aircraft engine company, Pratt & Whitney|
|JD.com Inc., Class A, ADR||China||One of the largest e-commerce businesses in mainland China offering a range of goods such as consumer electronics and appliances|
Click here for quarter-end holdings
|Insights into the Portfolio|
|Fact Sheet||Download Share||Goals of the Portfolio, top holdings, characteristics and Portfolio attributes.|
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 Global Portfolio is represented by Davis Advisors’ Global SMA Composite. See Performance disclosure for a description of the Composite.
1As of December 31, 2016.
2Gross of fees. Past performance is not a guarantee of future results.
Davis Distributors, LLC, 2949 East Elvira Road, Suite 101, Tucson, AZ 85756