Davis Concentrated Equity’s potent approach is subject to extremes, but its managers’ talent for evaluating businesses warrants a Morningstar Analyst Rating of Bronze for the strategy, including its open-end vehicle Clipper CFIMX and exchange-traded sibling Davis Select U.S. Equity ETF DUSA.
Morningstar’s Fund Analysis CFIMX
Will CFIMX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable CFIMX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the CFIMX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of CFIMX’s parent organization’s priorities and whether they’re in line with investors’ interests.