DREYX – Davis Real Estate Y Investment Strategy | Morningstar

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Strategy

The investment seeks total return through a combination of growth and income. The fund's investment adviser uses the Davis Investment Discipline to invest at least 80% of the fund's net assets, plus any borrowing for investment purposes, in securities issued by companies principally engaged in the real estate industry. The fund invests principally in common stocks of domestic companies and may invest in foreign companies (including indirect holdings of a foreign issuer's common stock through depositary receipts).

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
DREYX	Davis Real Estate Fund Class Y	Institutional	Open			Nov 8, 1996	$46.62M	0.740%	Below Average	$5M	−$16.18M
RPFRX	Davis Real Estate Fund Class A	Front Load	Open			Jan 3, 1994	$60.80M	1.000%	Low	$1,000	−$10.49M
DRECX	Davis Real Estate Fund Class C	Level Load	Open			Aug 13, 1997	$391,845.00	1.750%	Below Average	$1,000	−$287,320.62

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