Literature
Insights into the Clipper Fund |
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Fact Sheet |
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Goals of the Fund, types of companies in the Portfolio, top holdings, portfolio characteristics, and historical performance. |
| Manager Commentary - Annual Review 2012 | Download View Share | An interview with Clipper Fund managers Christopher C. Davis and Kenneth Charles Feinberg. |
| Morningstar's Highest Stewardship Grade | Download Share | Morningstar recognizes Davis’ unique commitment to shareholder interests. |
| Portfolio Composition | Download Share | Quarterly update of portfolio characteristics. |
| Manager Commentary - Semi-Annual Review 2011 (June 2011) | Download Share | Archived Portfolio Manager interview (referred to in the Annual Review 2012). |
| Manager Commentary - Annual Review 2010 (December 2010) | Download Share | Archived Portfolio Manager interview |
| Manager Commentary - Semi-Annual Review (June 2010) | Download Share | Archived Portfolio Manager interview |
| Manager Commentary - Annual Review (December 2009) | Download Share |
Archived Portfolio Manager interview |
| Manager Commentary - Semi-Annual Review (June 2009) | Download Share |
Archived Portfolio Manager interview |
Insights About Davis Advisors |
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| A Brief History of Davis Advisors | Download Share |
Outlines the multi-generational investing legacy of 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. |
| Litman/Gregory's "Advisor Intelligence" | Download Share | An interview of Clipper Fund Portfolio Managers Chris Davis and Ken Feinberg and Litman/Gregory’s thoughts on our firm and investment discipline. |
Insights into Successful Investing |
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| 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. |
| O. Mason Hawkins letter to the SEC | Download Share | O. Mason Hawkins of Southeastern Asset Management writes to the SEC regarding high-frequency trading (referred to in the Manager Commentary, Semi-Annual Review 2011). |
| Timeless Strategies for the Successful Investor | Download Share |
How a focus on the short term can impede an investor’s success in achieving long-term goals. |
| Important Changes for Roth IRAs | Download Share | Details regarding rule changes for converting qualified retirement plans into Roth IRAs |
| How to Read Mutual Fund Advertisements Describing Total Return | Download Share | This hypothetical advertisement helps investors read mutual fund ads with a critical eye. (Copyright © 2003 by the Investment Company Institute). |
Equity markets are volatile and an investor may lose money. Past performance is not a guarantee of future results. Davis Distributors, LLC, is the distributor of the Fund.