Davis Government Bond Fund Class C (DGVCX)
| Fund Assets | 16.64M |
| Expense Ratio | 1.75% |
| Min. Investment | $1,000 |
| Turnover | 10.00% |
| Dividend (ttm) | 0.12 |
| Dividend Yield | 2.28% |
| Dividend Growth | -4.72% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 30, 2026 |
| Previous Close | 5.15 |
| YTD Return | 0.57% |
| 1-Year Return | 2.30% |
| 5-Year Return | 2.82% |
| 52-Week Low | 5.14 |
| 52-Week High | 5.20 |
| Beta (5Y) | -0.02 |
| Holdings | 53 |
| Inception Date | Aug 19, 1997 |
About DGVCX
Davis Government Bond Fund Class C is an open-end mutual fund focused on short-duration U.S. government fixed income. Its primary objective is current income, achieved by investing exclusively in obligations issued or guaranteed by the U.S. Treasury and federal agencies, as well as repurchase agreements collateralized by U.S. government securities. The portfolio is managed to maintain a weighted average maturity of three years or less, positioning it within the short U.S. government category and emphasizing lower interest rate sensitivity relative to intermediate and long-term bond strategies. The fund diversifies across government security types, maturity tiers, call structures, and coupon profiles to help smooth returns and reduce volatility across market cycles. It is benchmarked to the Bloomberg U.S. Government 1–3 Year Bond Index and targets a role as a conservative core bond holding for investors seeking stability and income from high-quality government-backed debt. Class C shares carry a higher ongoing expense structure relative to other share classes, reflecting distribution and servicing costs. As of mid-2025, the strategy remains focused on liquidity, capital preservation, and consistent income within the short government segment.
Performance
DGVCX had a total return of 2.30% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.36%.
Top 10 Holdings
59.97% of assets| Name | Symbol | Weight |
|---|---|---|
| Small Business Administration 1% | SBA.531028 | 11.62% |
| Government National Mortgage Association 1% | GNR.2021-H03 FJ | 9.75% |
| Federal Home Loan Mortgage Corp. 1% | FHMS.K073 AM | 6.02% |
| Government National Mortgage Association 1% | G2.MB0821 | 5.82% |
| Federal National Mortgage Association 2.5% | FNR.2022-22 HA | 5.28% |
| Government National Mortgage Association 2.4% | GNR.2017-51 AC | 5.03% |
| Federal National Mortgage Association 1% | FN.BM7752 | 4.96% |
| Federal National Mortgage Association 1% | FN.BY1543 | 4.29% |
| Federal Home Loan Mortgage Corp. 1% | FH.841736 | 3.64% |
| Government National Mortgage Association 1% | GNR.2021-103 KD | 3.57% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 30, 2026 | $0.00989 | Jun 30, 2026 |
| May 29, 2026 | $0.00972 | May 29, 2026 |
| Apr 30, 2026 | $0.00981 | Apr 30, 2026 |
| Mar 31, 2026 | $0.00973 | Mar 31, 2026 |
| Feb 27, 2026 | $0.01036 | Feb 27, 2026 |
| Jan 30, 2026 | $0.00976 | Jan 30, 2026 |