DAVPX: Davenport Core Fund - MutualFunds.com

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Davenport Core

DAVPX - Snapshot

Vitals

  • YTD Return 9.4%
  • 3 Yr Annualized Return 8.5%
  • 5 Yr Annualized Return 9.5%
  • Net Assets $621 M
  • Holdings in Top 10 34.9%

52 WEEK LOW AND HIGH

$29.14
$18.46
$29.53

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.89%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 12.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $5,000
  • IRA $2,000

Fund Classification


Compare DAVPX to Popular U.S. Large-Cap Growth Equity Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$66.12

+1.38%

$218.07 B

0.58%

$0.38

29.32%

-

$294.47

+1.41%

$129.99 B

0.56%

$1.63

39.35%

-

$240.41

+1.14%

$125.92 B

0.56%

$1.32

32.72%

-

$123.80

+1.15%

$125.92 B

-

$0.00

31.88%

-

$17.36

+0.99%

$124.79 B

-

$0.00

26.62%

-

DAVPX - Profile

Distributions

  • YTD Total Return 9.4%
  • 3 Yr Annualized Total Return 8.5%
  • 5 Yr Annualized Total Return 9.5%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 0.55%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Davenport Core Fund
  • Fund Family Name
    Davenport
  • Inception Date
    Jan 15, 1998
  • Shares Outstanding
    N/A
  • Share Class
    No Load
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Michael Beall

Fund Description

The fund will invest at least 80% of its net assets in common stocks. The Advisor attempts to control risk through diversification among major market sectors. It may invest up to 30% of its net assets in common stocks of foreign issuers when, in the Advisor's opinion, such investments would be advantageous to the fund and help the fund achieve its investment objective. The fund may invest in foreign markets that the Advisor considers to be "emerging markets."


DAVPX - Performance

Return Ranking - Trailing

Period DAVPX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.4% -68.4% 124.1% 95.54%
1 Yr 4.9% -9.0% 135.4% 95.80%
3 Yr 8.5%* -3.8% 41.0% 94.24%
5 Yr 9.5%* -10.6% 33.4% 94.15%
10 Yr 11.5%* 5.1% 22.1% 89.17%

* Annualized

Return Ranking - Calendar

Period DAVPX Return Category Return Low Category Return High Rank in Category (%)
2019 29.8% -28.8% 76.0% 18.01%
2018 -10.3% -64.5% 10.6% 39.89%
2017 16.8% -68.7% 64.3% 64.88%
2016 5.5% -56.6% 15.3% 16.23%
2015 -4.0% -82.5% 11.4% 57.04%

Total Return Ranking - Trailing

Period DAVPX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.4% -68.4% 124.1% 95.54%
1 Yr 4.9% -12.7% 133.0% 94.95%
3 Yr 8.5%* -5.7% 41.0% 92.68%
5 Yr 9.5%* -11.6% 33.4% 93.34%
10 Yr 11.5%* 5.1% 22.1% 88.34%

* Annualized

Total Return Ranking - Calendar

Period DAVPX Return Category Return Low Category Return High Rank in Category (%)
2019 29.8% -28.8% 76.0% 18.17%
2018 -6.2% -64.5% 16.5% 46.74%
2017 19.9% -24.8% 64.3% 78.95%
2016 9.3% -56.6% 17.1% 7.93%
2015 -0.2% -38.0% 17.3% 64.24%

NAV & Total Return History


DAVPX - Holdings

Concentration Analysis

DAVPX Category Low Category High DAVPX % Rank
Net Assets 621 M 10.3 K 218 B 62.05%
Number of Holdings 46 1 2364 70.56%
Net Assets in Top 10 220 M 425 K 89.8 B 63.48%
Weighting of Top 10 34.86% 10.5% 100.0% 84.51%

Top 10 Holdings

  1. Danaher Corp 4.32%
  2. Adobe Inc 3.90%
  3. American Tower Corp 3.77%
  4. Microsoft Corp 3.62%
  5. Accenture PLC Class A 3.33%
  6. T-Mobile US Inc 3.28%
  7. Apple Inc 3.28%
  8. Amazon.com Inc 3.26%
  9. Mastercard Inc A 3.16%
  10. Visa Inc Class A 2.93%

Asset Allocation

Weighting Return Low Return High DAVPX % Rank
Stocks
98.52% 48.25% 116.73% 60.16%
Cash
1.48% -12.08% 51.74% 35.72%
Preferred Stocks
0.00% 0.00% 2.39% 18.33%
Other
0.00% -17.43% 18.94% 24.98%
Convertible Bonds
0.00% 0.00% 6.97% 8.33%
Bonds
0.00% -0.42% 9.62% 10.78%

Stock Sector Breakdown

Weighting Return Low Return High DAVPX % Rank
Financial Services
22.71% 0.00% 41.61% 2.99%
Technology
17.54% 0.00% 53.57% 95.98%
Healthcare
14.69% 0.00% 69.42% 41.42%
Consumer Cyclical
13.23% 0.00% 48.24% 71.59%
Communication Services
11.16% 0.00% 67.67% 67.57%
Basic Materials
6.39% 0.00% 13.33% 2.85%
Consumer Defense
5.31% 0.00% 19.68% 22.86%
Industrials
5.14% 0.00% 29.16% 52.52%
Real Estate
3.83% 0.00% 23.28% 13.51%
Utilities
0.00% 0.00% 11.79% 40.03%
Energy
0.00% 0.00% 19.81% 43.83%

Stock Geographic Breakdown

Weighting Return Low Return High DAVPX % Rank
US
91.08% 46.80% 116.11% 65.38%
Non US
7.44% 0.00% 36.31% 31.26%

DAVPX - Expenses

Operational Fees

DAVPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.89% 0.01% 23.28% 60.00%
Management Fee 0.75% 0.00% 1.50% 76.50%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 1.02% 70.24%

Sales Fees

DAVPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 8.50% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

DAVPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

DAVPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 12.00% 0.00% 464.00% 7.87%

DAVPX - Distributions

Dividend Yield Analysis

DAVPX Category Low Category High DAVPX % Rank
Dividend Yield 0.00% 0.00% 17.98% 11.53%

Dividend Distribution Analysis

DAVPX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Quarterly Annually

Net Income Ratio Analysis

DAVPX Category Low Category High DAVPX % Rank
Net Income Ratio 0.55% -8.87% 2.43% 21.58%

Capital Gain Distribution Analysis

DAVPX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Semi-Annually Annually Annually Annually

Dividend Payout History

View More +

DAVPX - Fund Manager Analysis

Managers

Michael Beall


Start Date

Tenure

Tenure Rank

Jan 15, 1998

22.81

22.8%

Michael S. Beall, CFA joined Davenport & Company in 1980 and is an Executive Vice President, Director and Chairman of the IPC. Mr. Beall has been a member of the IPC since June 1991.

John Ackerly


Start Date

Tenure

Tenure Rank

Dec 31, 1999

20.85

20.9%

Serves on Davenport's Executive Committee and Board of Directors; President of the Davenport Mutual Funds; Past President, Richmond Society of Financial Analysts; Previously served as Portfolio Manager for Central Fidelity Bank

E. Brown


Start Date

Tenure

Tenure Rank

Dec 31, 2002

17.85

17.9%

E. Trigg Brown, Jr. (age 57) joined Davenport & Company LLC in 1982 and currently serves as a Financial Advisor and the Branch Manager of the Advisor’s Richmond, Virginia branch. Mr. Brown is a member of the Advisor’s Executive Committee and has been a member of the Investment Policy Committee since October 2002.

Robert Giles


Start Date

Tenure

Tenure Rank

Aug 01, 2007

13.26

13.3%

Robert B. Giles joined Davenport & Company in 1967 and currently serves as an Executive Vice President and Director. Mr. Giles has been a member of the IPC since July 2007.

George Smith


Start Date

Tenure

Tenure Rank

Aug 01, 2010

10.26

10.3%

George L. Smith, III, CFA (age 41) joined Davenport & Company in 1997 and currently serves as a Senior Vice President, Director and coordinator of the buy-side research for the firm. Mr. Smith is a member of the firm’s Executive Committee and has been a member of the IPC since July 2010. .

Christopher Pearson


Start Date

Tenure

Tenure Rank

Jun 14, 2019

1.38

1.4%

Christopher G. Pearson, CFA joined Davenport & Company LLC in 2006 and is First Vice President and a buy-side analyst for the firm. Mr. Pearson is a member of the firm’s Portfolio Review Committee. Mr. Pearson earned his BA in Business Administration from University of Richmond.

Joel Ray


Start Date

Tenure

Tenure Rank

Jan 14, 2020

0.8

0.8%

Joel M. Ray, CFA joined the Advisor in 2004 and currently serves as Senior Vice President – Research and Director. Mr. Ray has been a member of the IPC since January 2020

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 52.87 7.78 0.83
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