Davenport Balanced Income (DBALX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD

13.59

+0.11 (0.82%)

At close: Oct 15, 2026

Fund Assets	269.41M
Expense Ratio	0.929%
Min. Investment	$5,000
Turnover	36.00%
Dividend (ttm)	0.36
Dividend Yield	2.67%
Dividend Growth	2.61%
Payout Frequency	Quarterly
Ex-Dividend Date	Sep 15, 2026

Previous Close	13.48
YTD Return	3.02%
1-Year Return	4.40%
5-Year Return	20.14%
52-Week Low	13.23
52-Week High	14.22
Beta (5Y)	0.54
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 4.40% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.84%.

Top 10 Holdings

17.66% of assets

Name	Symbol	Weight
Johnson & Johnson	JNJ	1.98%
NextEra Energy, Inc.	NEE	1.93%
Anheuser-Busch InBev SA/NV	BUD	1.81%
Federal Farm Credit Banks 4.94%	n/a	1.73%
Berkshire Hathaway Inc.	BRK.B	1.72%
Federal Farm Credit Banks 5%	FFCB.5 10.29.35	1.72%
Meta Platforms Inc 4.95%	META.4.95 05.15.33	1.71%
Federal Farm Credit Banks 5.03%	n/a	1.71%
Federal Farm Credit Banks 5.33%	n/a	1.69%
Abbott Laboratories 4.65%	ABT.4.65 03.15.36	1.67%

View More Holdings

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 15, 2026	$0.0887	Sep 16, 2026
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

Full Dividend History