Morningstar

Davenport Balanced Income Fund DBALX

Morningstar Medalist Rating
Medalist Rating as of | See Davenport Investment Hub
  • NAV / 1-Day Return 13.84  /  +0.14 %
  • Total Assets 285.2M
  • Adj. Expense Ratio
    0.930%
  • Expense Ratio 0.920%
  • Distribution Fee Level Above Average
  • Share Class Type No Load
  • Category Moderate Allocation
  • Investment Style Large Value
  • Credit Quality / Interest Rate Sensitivity —
  • Status Open
  • TTM Yield 2.53%
  • Turnover 36%

USD | NAV as of Jul 11, 2026 | 1-Day Return as of Jul 11, 2026, 12:50 AM GMT+0

Morningstar’s Analysis DBALX

Will DBALX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable DBALX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the DBALX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of DBALX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Davenport Balanced Income holds a quantitatively derived Negative Morningstar Medalist Rating. The rating indicates the model sees limited potential for the strategy to outperform peers on a risk-adjusted basis over a full market cycle.

by Morningstar Automated Analysis
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Portfolio Holdings DBALX

More DBALX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 17.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

First American Treasury Obligs X

4.81 14M
Cash and Equivalents

NextEra Energy Inc

1.93 5M
Utilities

Anheuser-Busch InBev SA/NV ADR

1.91 5M
Consumer Defensive

Meta Platforms Inc 4.95%

1.77 5M
Corporate

Federal Farm Credit Banks 5%

1.76 5M
Government

Federal Farm Credit Banks 4.94%

1.75 5M
Government

American Tower Corp

1.75 5M
Real Estate

Federal Farm Credit Banks 5.03%

1.74 5M
Government

Johnson & Johnson

1.74 5M
Healthcare

Federal Farm Credit Banks 5.33%

1.73 5M
Government

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