DBALX: Davenport Balanced Income Fund - MutualFunds.com

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Davenport Balanced Income

DBALX - Snapshot

Vitals

  • YTD Return 0.2%
  • 3 Yr Annualized Return 1.8%
  • 5 Yr Annualized Return N/A
  • Net Assets $162 M
  • Holdings in Top 10 22.3%

52 WEEK LOW AND HIGH

$12.21
$8.84
$12.33

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.95%

SALES FEES

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

BROKERAGE FEES

  • Turnover 29.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

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

Fund Classification


Compare DBALX to Popular U.S. Balanced Allocation Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$30.45

+0.30%

$166.16 B

1.32%

$0.40

6.84%

-

$46.33

+0.33%

$104.44 B

2.17%

$1.00

6.80%

-

$43.84

+0.32%

$46.53 B

1.30%

$0.57

11.75%

-

$36.17

+0.06%

$40.35 B

1.33%

$0.48

15.86%

-

$27.73

+0.29%

$36.20 B

1.44%

$0.40

12.72%

-

DBALX - Profile

Distributions

  • YTD Total Return 0.2%
  • 3 Yr Annualized Total Return 1.8%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.18%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Davenport Balanced Income Fund
  • Fund Family Name
    Davenport
  • Inception Date
    Dec 31, 2015
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Charles Gomer

Fund Description

The fund invests in a diversified portfolio of equity and fixed income securities, including exchange-traded funds ("ETFs") that invest in equity and fixed income securities. Under normal market conditions, the fund will target an allocation of no more than 75% and no less than 25% of its total assets in equity securities and no less than 25% of its total assets in fixed income securities.


DBALX - Performance

Return Ranking - Trailing

Period DBALX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.2% -40.7% 32.0% 92.07%
1 Yr -3.1% -21.7% 26.7% 90.80%
3 Yr 1.8%* -4.7% 12.9% 88.89%
5 Yr N/A* -0.8% 11.3% N/A
10 Yr N/A* 0.4% 11.8% N/A

* Annualized

Return Ranking - Calendar

Period DBALX Return Category Return Low Category Return High Rank in Category (%)
2019 15.3% -5.8% 25.7% 32.38%
2018 -9.9% -32.7% 0.0% 31.94%
2017 8.4% -6.5% 22.4% 49.74%
2016 8.0% -43.7% 23.3% 7.80%
2015 N/A -32.5% 2.6% N/A

Total Return Ranking - Trailing

Period DBALX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.2% -40.7% 32.0% 92.07%
1 Yr -3.1% -21.7% 26.7% 87.27%
3 Yr 1.8%* -4.7% 12.9% 86.98%
5 Yr N/A* -0.8% 11.3% N/A
10 Yr N/A* 0.4% 11.8% N/A

* Annualized

Total Return Ranking - Calendar

Period DBALX Return Category Return Low Category Return High Rank in Category (%)
2019 15.3% -5.8% 25.7% 32.38%
2018 -7.6% -32.7% 0.8% 42.38%
2017 11.1% -3.7% 31.9% 66.44%
2016 9.2% -43.7% 23.3% 12.23%
2015 N/A -32.5% 5.6% N/A

NAV & Total Return History


DBALX - Holdings

Concentration Analysis

DBALX Category Low Category High DBALX % Rank
Net Assets 162 M 716 K 166 B 75.62%
Number of Holdings 79 2 14317 50.22%
Net Assets in Top 10 36.8 M 654 K 30 B 83.36%
Weighting of Top 10 22.28% 9.3% 100.0% 75.00%

Top 10 Holdings

  1. United States Treasury Notes 2.88% 3.42%
  2. United States Treasury Notes 2.75% 3.26%
  3. MPLX LP 4.12% 2.17%
  4. General Dynamics Corporation 3.38% 2.12%
  5. Comcast Corp Class A 2.03%
  6. Brookfield Asset Management Inc Class A 1.95%
  7. Johnson & Johnson 1.93%
  8. Watsco Inc 1.84%
  9. Fidelity National Financial Inc 1.79%
  10. United Parcel Service Inc Class B 1.77%

Asset Allocation

Weighting Return Low Return High DBALX % Rank
Stocks
62.12% 0.00% 134.22% 34.73%
Bonds
35.77% -2.18% 97.64% 37.28%
Cash
2.10% -34.22% 89.35% 73.46%
Preferred Stocks
0.00% 0.00% 28.13% 68.37%
Other
0.00% -3.55% 30.21% 55.17%
Convertible Bonds
0.00% 0.00% 26.75% 92.20%

Stock Sector Breakdown

Weighting Return Low Return High DBALX % Rank
Financial Services
20.03% 0.00% 100.00% 8.10%
Consumer Defense
14.00% 0.00% 17.85% 1.05%
Industrials
13.15% 0.00% 35.09% 14.24%
Technology
10.47% 0.00% 48.90% 92.65%
Utilities
9.79% 0.00% 100.00% 5.70%
Healthcare
8.97% 0.00% 36.21% 92.20%
Real Estate
7.72% 0.00% 100.00% 10.79%
Consumer Cyclical
6.74% 0.00% 24.29% 82.31%
Communication Services
6.06% 0.00% 43.64% 87.71%
Energy
3.07% 0.00% 90.89% 29.09%
Basic Materials
0.00% 0.00% 30.87% 93.40%

Stock Geographic Breakdown

Weighting Return Low Return High DBALX % Rank
US
53.42% 0.13% 131.11% 36.43%
Non US
8.70% 0.00% 33.15% 56.82%

Bond Sector Breakdown

Weighting Return Low Return High DBALX % Rank
Corporate
72.33% 0.00% 99.06% 5.55%
Government
22.12% 0.00% 99.53% 50.97%
Cash & Equivalents
5.55% 0.08% 100.00% 79.61%
Derivative
0.00% 0.00% 32.58% 41.08%
Securitized
0.00% 0.00% 59.07% 91.75%
Municipal
0.00% 0.00% 24.46% 72.71%

Bond Geographic Breakdown

Weighting Return Low Return High DBALX % Rank
US
34.71% -6.66% 74.69% 23.39%
Non US
1.06% -7.18% 73.06% 88.01%

DBALX - Expenses

Operational Fees

DBALX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.95% 0.01% 4.93% 43.10%
Management Fee 0.75% 0.00% 1.75% 86.59%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.83% N/A

Sales Fees

DBALX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

DBALX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 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.

DBALX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 29.00% 0.00% 484.00% 37.85%

DBALX - Distributions

Dividend Yield Analysis

DBALX Category Low Category High DBALX % Rank
Dividend Yield 0.00% 0.00% 8.77% 5.25%

Dividend Distribution Analysis

DBALX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Monthly Quarterly

Net Income Ratio Analysis

DBALX Category Low Category High DBALX % Rank
Net Income Ratio 2.18% -0.99% 11.02% 20.65%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

DBALX - Fund Manager Analysis

Managers

Charles Gomer


Start Date

Tenure

Tenure Rank

Dec 31, 2015

4.84

4.8%

Charles A. Gomer, III (age 66) joined Davenport & Company LLC in 2011 and currently serves as Senior Vice President. From 2002 until 2011, Mr. Gomer was a principal and Managing Director for August Partners, LLC, a registered investment adviser.

John Ackerly


Start Date

Tenure

Tenure Rank

Dec 31, 2015

4.84

4.8%

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

Michael Beall


Start Date

Tenure

Tenure Rank

Dec 31, 2015

4.84

4.8%

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.

E. Brown


Start Date

Tenure

Tenure Rank

Dec 31, 2015

4.84

4.8%

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.

Christopher Kelley


Start Date

Tenure

Tenure Rank

Dec 31, 2015

4.84

4.8%

Christopher T. Kelley (age 31) joined Davenport & Company LLC in 2014 and is an assistant fixed income portfolio manager. Prior to joining the firm, Mr. Kelley was an associate at Falcon Square Capital, a fixed-income broker-dealer.

Robert Giles


Start Date

Tenure

Tenure Rank

Dec 31, 2015

4.84

4.8%

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

Dec 31, 2015

4.84

4.8%

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

Kevin Hopkins


Start Date

Tenure

Tenure Rank

Jan 14, 2020

0.8

0.8%

Kevin J. Hopkins, Jr., CFA joined Davenport & Company LLC in 2019 and currently serves as Vice President. Prior to this, Mr. Hopkins was a Vice President and Portfolio Manager at Wells Fargo and Vice President Fixed-Income Manager at Deutsche Bank.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.03 36.86 6.09 0.83
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