Fund Overview
Davis Government Bond Fund


The Davis Government Bond Fund is designed to provide current income while preserving your capital investment. The Fund invests primarily in obligations guaranteed by the U.S. government, its agencies, or instrumentalities. The relative stability, safety and income provided by these securities can provide an excellent alternative for balancing a portfolio with significant equity holdings.

What The Fund Can Contribute to Your Portfolio
Fund Investment Strategy
Fund Factsheet
Prospectus

WHAT THE DAVIS GOVERNMENT BOND FUND CAN CONTRIBUTE TO YOUR PORTFOLIO

Monthly Dividends
The Fund can be a dependable source of income, which can be used for current expenses or compounded for future needs. The Fund's monthly dividends may be taken in cash or reinvested, without charge, in additional shares.

Safety
Among the safest investments in the world in terms of credit quality, many issues held in the Davis Government Bond Fund have interest payments and principal which are guaranteed by the U.S. government, its agencies or instrumentalities.*

Good Balance
The Fund can help create a strong foundation for any long-term financial portfolio - offering an excellent means of balancing equity holdings.

Opportunity for Capital Appreciation
Unlike many other income-oriented investments such as CDs and money market funds, when interest rates decline, bond prices move higher providing the potential for capital appreciation. Conversely, when interest rates rise, bond prices decline.

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FUND INVESTMENT STRATEGY: A RESEARCH-DRIVEN APPROACH

  • Our policy is to invest exclusively in U.S. government securities and government agencies to avoid the greater risk associated with owning corporate bonds. We also emphasize short-term securities in an effort to provide stability in a variety of market climates.

  • The Fund combines fundamental research with a disciplined program of risk control and duration management to seek above-market returns. We buy securities based on their price, coupon and yield spreads relative to other securities.

  • We include Treasuries for their impeccable credit quality and buy government mortgage-backed and agency-backed securities when they offer adequate premiums to compensate for their additional risk.

  • We also assess the short- and long-term interest rate environment to properly position the portfolio along the yield curve.

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* The market value of an investment in the fund is not insured or guaranteed by the U.S. government or its agencies. CDs are insured by the FDIC for up to $100,000 and offer a fixed rate of return. Investment return and share price of the Davis Government Bond Fund fluctuate with market conditions, and you may have a gain or loss when you sell your shares.


This material is furnished to you by Davis Distributors, LLC, which acts as the distributor of Davis Government Bond Fund. You should carefully consider the Fund's investment objectives, risks, charges,and expenses before investing. You may obtain a prospectus containing this and other information about the Fund by clicking here or calling Davis Funds Shareholder Services at 800-279-0279. Read it carefully before you invest or send money.