Davenport Value & Income Fund (DVIPX)
| Fund Assets | 1.07B |
| Expense Ratio | 0.87% |
| Min. Investment | $5,000 |
| Turnover | 24.00% |
| Dividend (ttm) | 1.32 |
| Dividend Yield | 6.61% |
| Dividend Growth | -15.28% |
| Payout Frequency | Quarterly |
| Ex-Dividend Date | Mar 16, 2026 |
| Previous Close | 19.90 |
| YTD Return | 1.69% |
| 1-Year Return | 11.52% |
| 5-Year Return | 35.17% |
| 52-Week Low | 17.18 |
| 52-Week High | 21.28 |
| Beta (5Y) | 0.84 |
| Holdings | 45 |
| Inception Date | Dec 31, 2010 |
About DVIPX
The Davenport Value & Income Fund is a mutual fund with a primary focus on achieving long-term capital growth while generating current income for its investors. This fund pursues value opportunities by investing in companies that exhibit strong fundamental characteristics, such as meaningful dividends and the potential for dividend growth. Emphasizing a disciplined value investment approach, the fund targets stocks trading at attractive valuations with the aim of capital appreciation and above-average income. Its portfolio typically holds around 45 stocks, maintaining broad sector diversification and a low turnover rate, which allows value to compound over time. Key features of the fund include exposure to high-quality businesses—often labeled as "Dividend Achievers"—with solid records of maintaining and increasing dividends, as well as select above-average yielders with capital appreciation prospects. The management team prioritizes risk management by avoiding significant balance sheet or business risk and embedding a margin of safety in each purchase. With its large-value orientation, the fund generally invests in established U.S. companies that are less expensive or growing more slowly compared to other large-cap stocks, making it a notable option for those seeking both stability and income in their portfolios.
Performance
DVIPX had a total return of 11.52% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.48%.
Top 10 Holdings
32.62% of assets| Name | Symbol | Weight |
|---|---|---|
| NextEra Energy, Inc. | NEE | 3.71% |
| Johnson & Johnson | JNJ | 3.70% |
| Chevron Corporation | CVX | 3.60% |
| Anheuser-Busch InBev SA/NV | BUD | 3.50% |
| TE Connectivity plc | TEL | 3.12% |
| American Tower Corporation | AMT | 3.11% |
| L3Harris Technologies, Inc. | LHX | 3.02% |
| Becton, Dickinson and Company | BDX | 2.97% |
| Comcast Corporation | CMCSA | 2.95% |
| Watsco, Inc. | WSO | 2.95% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Mar 16, 2026 | $0.0711 | Mar 17, 2026 |
| Dec 26, 2025 | $0.1119 | Dec 29, 2025 |
| Dec 4, 2025 | $0.7978 | Dec 5, 2025 |
| Sep 15, 2025 | $0.0784 | Sep 16, 2025 |
| Jun 16, 2025 | $0.2561 | Jun 17, 2025 |
| Mar 14, 2025 | $0.0768 | Mar 17, 2025 |