Clipper Fund

Frequently Asked Questions About CFIMX

What does CFIMX invest in?

The Clipper Fund endeavors to achieve long-term capital appreciation and preserve investors' principal. Its investment adviser utilizes the Davis Investment Discipline, primarily allocating the portfolio to equity securities, encompassing common stocks (both direct holdings and indirect investments via depositary receipts), issued by large enterprises with market valuations of at least $10 billion. The fund's portfolio typically comprises a focused selection of 15 to 35 companies, though the precise number of holdings may fluctuate. By its nature, it operates as a non-diversified fund.

What is the expense ratio of CFIMX?

Clipper Fund (CFIMX) charges an expense ratio of 0.70%. This is the annual fee deducted from fund assets to cover management and operations.

How big is CFIMX?

Clipper Fund (CFIMX) manages $163.8M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is CFIMX actively managed or an index fund?

CFIMX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was CFIMX launched?

Clipper Fund (CFIMX) launched in February 1984 and is managed by the fund issuer.

How has CFIMX performed?

CFIMX's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.