Davenport Balanced Income Fund (DBALX)
| Fund Assets | 286.67M |
| Expense Ratio | 0.93% |
| Min. Investment | $5,000 |
| Turnover | 25.00% |
| Dividend (ttm) | 0.71 |
| Dividend Yield | 5.13% |
| Dividend Growth | 44.14% |
| Payout Frequency | Quarterly |
| Ex-Dividend Date | Mar 16, 2026 |
| Previous Close | 13.87 |
| YTD Return | 3.18% |
| 1-Year Return | 9.20% |
| 5-Year Return | 22.20% |
| 52-Week Low | 13.18 |
| 52-Week High | 14.22 |
| Beta (5Y) | 0.54 |
| Holdings | 81 |
| 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 9.20% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.10%.
Top 10 Holdings
24.39% of assets| Name | Symbol | Weight |
|---|---|---|
| First American Treasury Obligations Fund | FXFXX | 7.91% |
| NextEra Energy, Inc. | NEE | 2.06% |
| Anheuser-Busch InBev SA/NV | BUD | 1.91% |
| Johnson & Johnson | JNJ | 1.89% |
| Chevron Corporation | CVX | 1.82% |
| Meta Platforms Inc 4.95% | META.4.95 05.15.33 | 1.80% |
| American Tower Corporation | AMT | 1.78% |
| Federal Home Loan Banks 5.25% | FHLB.5.25 03.20.35 | 1.74% |
| Federal Farm Credit Banks 5.33% | FFCB.5.33 10.17.39 | 1.74% |
| Federal Farm Credit Banks 5.03% | FFCB.5.03 10.15.35 | 1.74% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| 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 |
| Mar 14, 2025 | $0.0833 | Mar 17, 2025 |