DGVCX

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.