Davenport Balanced Income (DBALX)

Fund Assets	285.66M
Expense Ratio	0.93%
Min. Investment	$5,000
Turnover	36.00%
Dividend (ttm)	0.36
Dividend Yield	2.55%
Dividend Growth	2.28%
Payout Frequency	Quarterly
Ex-Dividend Date	Jun 15, 2026

Previous Close	14.07
YTD Return	5.97%
1-Year Return	7.59%
5-Year Return	24.75%
52-Week Low	13.41
52-Week High	14.22
Beta (5Y)	0.53
Holdings	87
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.

• Fund Family: Davenport
• Category: Allocation--50% to 70% Equity
• Performance Rating: Low
• Risk Rating: Below Average
• Stock Exchange: NASDAQ
• Ticker Symbol: DBALX
• Index: Russell 1000 Value TR

Performance

DBALX had a total return of 7.59% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.20%.

Top 10 Holdings

19.01% of assets

Name	Symbol	Weight
First American Treasury Obligs X	FXFXX	2.89%
Johnson & Johnson	JNJ	1.96%
NextEra Energy, Inc.	NEE	1.95%
Meta Platforms Inc 4.95%	META.4.95 05.15.33	1.76%
Federal Farm Credit Banks 4.94%	FFCB.4.94 03.24.34	1.75%
Federal Farm Credit Banks 5.03%	FFCB.5.03 10.15.35	1.75%
Federal Farm Credit Banks 5%	FFCB.5 10.29.35	1.74%
Federal Farm Credit Banks 5.33%	FFCB.5.33 10.17.39	1.74%
Watsco, Inc.	WSO	1.73%
Anheuser-Busch InBev SA/NV	BUD	1.73%

Dividend History

Ex-Dividend	Amount	Pay Date
Jun 15, 2026	$0.1723	Jun 16, 2026
Mar 16, 2026	$0.0786	Mar 17, 2026
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

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Aug 27, 2026

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