# Clipper Fund (CFIMX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/cfimx for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: — · Asset class: Equity - Strategy: Actively Managed · Inception: 1984-02-29 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. ## Key Facts | Metric | Value | |---|---| | Price | $16.53 | | Expense Ratio | 0.68% | | Assets Under Management | $163.5M | | NAV | $16.53 | | Holdings Count | — | | Distribution Yield (TTM) | 8.39% | | Annual Distribution (TTM) | $1.39 /share | | Distribution Frequency | Semi-Annual | | 52-Week Range | $14.84 – $17.60 | | Beta | 0.90 | ## Latest Distribution - Amount: $0.8876 /share - Ex-date: 2026-06-24 - Pay date: 2026-06-25 ## Frequently Asked Questions ### 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 0.68%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is CFIMX? Clipper Fund (CFIMX) manages $163.5M 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 is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (CFIMX's is 0.68%) in exchange for the discretion to over- or under-weight positions. ### 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. ### Does CFIMX pay a dividend? Clipper Fund (CFIMX) currently distributes little or no income. Trailing-twelve-month yield is 8.39%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does CFIMX pay dividends? Clipper Fund pays dividends Semi-Annual. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is CFIMX's dividend yield? CFIMX's trailing-twelve-month yield is 8.39%, calculated from the sum of dividends over the past year divided by the current price. ### When is CFIMX's next ex-dividend date? The most recently announced ex-dividend date for CFIMX was 2026-06-24. The next ex-date typically follows Semi-Annual; once announced it appears at the top of the dividend history table on this page. ### How much will CFIMX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.68% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does CFIMX charge its expense ratio? The expense ratio is deducted in tiny daily slices from CFIMX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does CFIMX cost more than a fund like VOO? CFIMX is actively managed (current expense ratio 0.68%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether CFIMX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to CFIMX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as CFIMX (0.68%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/cfimx - Distribution history: https://www.dividenddata.com/funds/cfimx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/cfimx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/cfimx/expenses - Peer comparison: https://www.dividenddata.com/funds/cfimx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.