Mutual Fund Insights: Clipper Fund (CFIMX)

In-depth Analysis of Clipper Fund (CFIMX)

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See Clipper Fund (CFIMX) performance details as of February 28, 2010

  

Last Trade: $57.94 on 3/19/2010, Change: -0.38 (-0.65%)

Experiment our closing price forecasting tool for Clipper Fund (CFIMX) (alpha release)

  

Fund Manager - Christopher Cullom Davis

Fund Manager Tenure: 4.2 years
Fundmojo Fund Grade: C (Score: 0.5)     (What does this score mean?)

Christopher C. Davis –Portfolio Manager and Research Analyst. Christopher Christopher Cullom Davis is a research analyst and Chair of the Portfolio Review Committee which oversees the management of the Davis Global, International and All-Cap strategies. Mr. Davis with Kenneth Feinberg is Portfolio Manager for all large cap equity and concentrated equity portfolios. Mr. Christopher Cullom Davis joined the firm in 1989 after working as a securities analyst. Christopher Cullom Davis received his M.A. from the University of St. Andrews in Scotland.  Get more insights on Christopher Cullom Davis

  

 What we like about Clipper Fund (CFIMX)

Data for Clipper Fund (CFIMX) as of February 28, 2010

• Clipper Fund (CFIMX) management has been with Clipper Fund for 4.2 years
• Clipper Fund (CFIMX) has good short-term performance (1-year return 77.45% vs 53.54 % Large Blend category average)
• Clipper Fund (CFIMX) ratio of up-years vs down years is greater than 2
• Clipper Fund (CFIMX) has an annual stock turnover rate of 7.00% vs Large Blend average of 79.86%. It is good that Clipper management does not trade extensively for its return.
• Clipper Fund (CFIMX) has a lower management fee than its Large Blend average: 0.76% vs 1.11%
• Clipper Fund (CFIMX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

  

 What we are cautious about Clipper Fund (CFIMX)

Data for Clipper Fund (CFIMX) as of February 28, 2010

• Clipper Fund is a focused fund with 72.60% of the portfolio on top 10 securities. This tends to produce more volatility compared to a diversified fund. See fund top 10 holdings.
• Clipper Fund (CFIMX) has a less-than-ideal mid-term performance (3-year return -10.35% vs -5.77 % Large Blend category average)
• Clipper Fund (CFIMX) has a less-than-ideal Long-term performance (5-year return -3.66% vs 0.31 % Large Blend category average)
• Clipper Fund (CFIMX) has a Morningstar rating of 3 and below
• Clipper Fund (CFIMX) is less safe compared to its Large Blend peers
• Clipper Fund (CFIMX) does not have a good risk adjusted return as its 3-year Alpha of -3.23 is worse than category average of 0.06, and its 3-year Sharpe ratio is -0.4
• Clipper Fund (CFIMX) is more volatile than its peers as it has a 3-year Standard Deviation of 24.32 that is higher than category average of 20.62

See Clipper Fund (CFIMX) performance details as of February 28, 2010

  

  

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Clipper Fund (CFIMX) Net Asset

Track net asset change of Clipper fund (CFIMX)

Date	Net Asset
02/2010	$1.17B
01/2010	$1.14B
11/2009	$1.18B

More historic net asset information on Clipper Fund (CFIMX)

  

Clipper Fund (CFIMX) Portfolio Allocation

Track portfolio allocation change of Clipper fund (CFIMX)

Date	Cash	Stock	Bond	Other
09/2009	1.54%	98.46%	0%	0%
06/2009	4.35%	95.65%	0%	0%
03/2009	5.09%	94.91%	0%	0%

Click here to see more historic asset allocation information on Clipper Fund (CFIMX)

  

Most Recent Top 10 Holdings in Clipper Fund (CFIMX)

Discover what Clipper Fund (CFIMX) manager is buying

30-Sep-09 Costco Wholesale Corporation [11.31%] Berkshire Hathaway Inc. A [9.96%] AMER EXPRESS INC [8.06%] CANADIAN NAT RES [7.56%] PROCTER GAMBLE CO [6.37%] BANK OF NY MELLON CP [6.32%] Oaktree Cap Grp 144A [5.93%] HARLEY DAVIDSON [5.65%] LOEWS CP [5.31%] CONOCOPHILLIPS [4.09%]

30-Jun-09 Costco Wholesale Corporation [10.75%] Berkshire Hathaway Inc. A [10.42%] BANK OF NY MELLON CP [7.5%] CANADIAN NAT RES [6.93%] PROCTER GAMBLE CO [6.6%] AMER EXPRESS INC [6.49%] LOEWS CP [4.99%] Oaktree Cap Grp 144A [4.91%] HARLEY DAVIDSON [4.68%] CONOCOPHILLIPS [4.47%]

31-Mar-09 Costco Wholesale Corporation [12.64%] Berkshire Hathaway Inc. A [11.65%] BANK OF NY MELLON CP [8.4%] Procter & Gamble Co. [7.06%] American Express Co. [6.03%] Canadian Natural Resources Ltd. [5.91%] ConocoPhillips [5.47%] Loews Corp. [4.67%] Harley-Davidson Inc [4.49%] Oaktree Cap Grp 144A [3.58%]

Click here for Stock Holding Change Map in Clipper Fund (CFIMX)

  

Related books and products to Clipper Fund (CFIMX)

  

Latest News on Clipper (CFIMX)

See what is happening with Clipper Fund (CFIMX)

Funds That Buy Like Buffett (Morningstar.com) Four Different Paths to Great 2009 Returns (Morningstar.com) See more news on Clipper Fund (CFIMX)

 

Books and Resources

 

 

See more information on Clipper Fund (CFIMX)

• Clipper Fund Insights
• Clipper Fund Performance Data
• Clipper Fund News
• Clipper Fund Score Explaination
• Clipper Fund Manager Information
• Historic Clipper Fund Asset Allocation Report
• Historic Clipper Fund Top 10 Holding Tracking
• Historic Clipper Fund Asset Under Management Tracking