Davenport Balanced Income Fund (DBALX)
| Fund Assets | 281.61M |
| Expense Ratio | 0.93% |
| Min. Investment | $5,000 |
| Turnover | 25.00% |
| Dividend (ttm) | 0.71 |
| Dividend Yield | 5.02% |
| Dividend Growth | 47.32% |
| Payout Frequency | Quarterly |
| Ex-Dividend Date | Dec 26, 2025 |
| Previous Close | 14.16 |
| YTD Return | 5.18% |
| 1-Year Return | 13.13% |
| 5-Year Return | 32.93% |
| 52-Week Low | 11.90 |
| 52-Week High | 14.22 |
| Beta (5Y) | 0.57 |
| Holdings | 79 |
| Inception Date | Dec 31, 2015 |
About DBALX
The Davenport Balanced Income Fund is an open-end mutual fund designed to deliver a blend of current income and long-term moderate capital appreciation through a balanced allocation between equity and fixed income securities. Its strategy focuses on maintaining a diversified portfolio, with an equity allocation typically ranging from 25% to 75% of total assets, and at least 25% allocated to fixed income instruments. The fund invests in individual stocks, including companies with established business models, attractive valuations, and a record or potential for dividend growth. It also utilizes exchange-traded funds (ETFs) for broader market exposure. On the fixed income side, the fund emphasizes quality through investment-grade corporate bonds and sector-diversified, laddered bond portfolios to enhance income and stabilize returns during periods of equity market volatility. Managed by an experienced team, the fund typically holds 45-55 stocks with broad sector diversification and low turnover, regularly rebalancing to preserve its risk profile. Serving investors seeking a lower-volatility option, Davenport Balanced Income Fund plays a key role in providing stability and steady income within diversified investment portfolios.
Performance
DBALX had a total return of 13.13% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.43%.
Top 10 Holdings
25.88% of assets| Name | Symbol | Weight |
|---|---|---|
| First American Treasury Obligations Fund | FXFXX | 8.85% |
| Johnson & Johnson | JNJ | 2.16% |
| L3Harris Technologies, Inc. | LHX | 1.98% |
| Meta Platforms Inc 4.95% | META.4.95 05.15.33 | 1.88% |
| NextEra Energy, Inc. | NEE | 1.85% |
| Federal Home Loan Banks 5.25% | FHLB.5.25 03.20.35 | 1.84% |
| Federal Farm Credit Banks 4.94% | FFCB.4.94 03.24.34 | 1.83% |
| Federal Farm Credit Banks 5.33% | FFCB.5.33 10.17.39 | 1.83% |
| Federal Farm Credit Banks 5.03% | FFCB.5.03 10.15.35 | 1.83% |
| Federal Farm Credit Banks 5% | FFCB.5 10.29.35 | 1.83% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 26, 2025 | $0.1072 | Dec 29, 2025 |
| Dec 4, 2025 | $0.2955 | Dec 5, 2025 |
| Sep 15, 2025 | $0.0847 | Sep 16, 2025 |
| Jun 16, 2025 | $0.1429 | Jun 17, 2025 |
| Mar 14, 2025 | $0.0833 | Mar 17, 2025 |
| Dec 26, 2024 | $0.1028 | Dec 27, 2024 |