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ISIN
US9695577505
Issuer
Davenport
Inception Date
Dec 30, 2015
Min. Investment
$5,000
Distribution Policy
Distributing
Asset Class
Multi-Asset
Asset Class Size
Large-Cap
Asset Class Style
Value

Share Price Chart


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Performance

DBALX Performance Chart

Davenport Balanced Income Fund (DBALX) is up 3.3% since the beginning of the year. DBALX is currently trading at $14 per share. Investors who bought $1,000 worth of DBALX shares 5 years ago would now be looking at an investment worth $1,253.


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S&P 500 Index

Returns By Period

Davenport Balanced Income Fund (DBALX) has returned 3.33% so far this year and 9.35% over the past 12 months. Over the last ten years, DBALX has returned 5.78% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.


Davenport Balanced Income Fund

1D
-0.15%
1M
-0.50%
YTD
3.33%
6M
3.38%
1Y
9.35%
3Y*
8.54%
5Y*
4.61%
10Y*
5.78%

Benchmark (S&P 500 Index)

1D
-0.37%
1M
-0.01%
YTD
9.16%
6M
8.64%
1Y
25.22%
3Y*
19.78%
5Y*
11.99%
10Y*
13.88%
*Multi-year figures are annualized to reflect compound growth (CAGR)

DBALX Monthly Returns History

Based on dividend-adjusted daily data since Jan 4, 2016, DBALX's average daily return is +0.03%, while the average monthly return is +0.53%. At this rate, an investment would double in approximately 10.9 years.

Historically, 63% of months were positive and 37% were negative. The best month was Nov 2020 with a return of +7.9%, while the worst month was Mar 2020 at -13.1%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 3 months.

On a daily basis, DBALX closed higher 51% of trading days. The best single day was Mar 24, 2020 with a return of +5.8%, while the worst single day was Mar 16, 2020 at -7.2%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20262.37%2.38%-3.18%2.35%-0.57%0.07%3.33%
20251.93%2.04%-1.08%-1.21%1.53%1.76%0.37%2.31%0.47%-0.66%1.39%0.68%9.88%
20240.16%0.40%3.49%-2.79%2.71%-0.39%3.69%1.82%1.80%-1.40%2.98%-4.41%7.98%
20234.40%-2.59%0.00%1.34%-2.64%3.11%2.31%-1.53%-3.11%-2.47%5.50%3.76%7.81%
2022-2.31%-0.44%1.32%-4.41%1.15%-5.40%3.96%-2.70%-6.48%4.38%3.02%-2.94%-11.01%
2021-1.14%2.22%3.57%3.58%1.50%-1.17%0.45%1.42%-2.01%3.47%-2.26%4.00%14.19%

Benchmark Metrics

Davenport Balanced Income Fund has an annualized alpha of -0.52%, beta of 0.49, and R2 of 0.80 versus S&P 500 Index. Calculated based on daily prices since January 04, 2016.

  • This fund participated in 65.11% of S&P 500 Index downside but only 49.02% of its upside - more exposed to losses than it benefited from rallies.
  • Beta of 0.49 indicates this fund moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.

Alpha
-0.52%
Beta
0.49
0.80
Upside Capture
49.02%
Downside Capture
65.11%

Expense Ratio

DBALX has a high expense ratio of 0.93%, indicating above-average management fees.


Return for Risk

Risk / Return Rank

DBALX ranks 28 for risk / return — below 28% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.


DBALX Risk / Return Rank: 2828
Overall Rank
DBALX Sharpe Ratio Rank: 2929
Sharpe Ratio Rank
DBALX Sortino Ratio Rank: 3131
Sortino Ratio Rank
DBALX Omega Ratio Rank: 2727
Omega Ratio Rank
DBALX Calmar Ratio Rank: 2727
Calmar Ratio Rank
DBALX Martin Ratio Rank: 2929
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for Davenport Balanced Income Fund (DBALX) and compare them to S&P 500 Index.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.


DBALXBenchmarkDifference
Sharpe ratioReturn per unit of total volatility

-0.59

Sortino ratioReturn per unit of downside risk

-0.61

Omega ratioGain probability vs. loss probability

1.25

1.37

-0.11

Calmar ratioReturn relative to maximum drawdown

1.82

2.78

-0.96

Martin ratioReturn relative to average drawdown

6.27

12.44

-6.17

Dividends

Dividend History

Davenport Balanced Income Fund provided a 5.38% dividend yield over the last twelve months, with an annual payout of $0.74 per share. The fund has been increasing its distributions for 2 consecutive years.


1.00%2.00%3.00%4.00%5.00%$0.00$0.20$0.40$0.60$0.802016201720182019202020212022202320242025
Dividends
Dividend Yield
PeriodTTM2025202420232022202120202019201820172016
Dividend$0.74$0.71$0.48$0.27$0.50$0.22$0.25$0.33$0.21$0.28$0.11

Dividend yield

5.38%5.28%3.73%2.19%4.24%1.59%2.00%2.73%2.03%2.37%1.04%

Monthly Dividends

The table displays the monthly dividend distributions for Davenport Balanced Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026$0.00$0.00$0.08$0.00$0.00$0.17$0.25
2025$0.00$0.00$0.08$0.00$0.00$0.14$0.00$0.00$0.08$0.00$0.00$0.40$0.71
2024$0.00$0.00$0.08$0.00$0.00$0.07$0.00$0.00$0.08$0.00$0.00$0.26$0.48
2023$0.00$0.00$0.06$0.00$0.00$0.06$0.00$0.00$0.07$0.00$0.00$0.08$0.27
2022$0.00$0.00$0.03$0.00$0.00$0.33$0.00$0.00$0.05$0.00$0.00$0.10$0.50
2021$0.00$0.00$0.04$0.00$0.00$0.03$0.00$0.00$0.05$0.00$0.00$0.09$0.22

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


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Worst Drawdowns

The table below displays the maximum drawdowns of the Davenport Balanced Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Davenport Balanced Income Fund was 27.89%, occurring on Mar 23, 2020. Recovery took 166 trading sessions.

The current Davenport Balanced Income Fund drawdown is 1.75%.


Related event

Drawdown

Fall

Recovery

Underwater

COVID crash2020
-27.89%Mar 2020
2mo 2d7mo 28d
10moJan 2020 - Nov 2020
Bear market2022
-15.41%Oct 2022
9mo 10d1y 9mo
2y 6moJan 2022 - Jul 2024
Rate-hike selloffLate 2018
-13.03%Dec 2018
10mo 29d6mo 11d
1y 5moJan 2018 - Jul 2019
2025 selloff2025
-7.58%Apr 2025
4mo 7d2mo 5d
6mo 12dDec 2024 - Jun 2025
2026 pullback2026
-5.15%Mar 2026
1mo 1d
4mo 6dFeb 2026 - now

Drawdown Indicators


DBALXBenchmarkDifference

Max Drawdown

Largest peak-to-trough decline

-27.89%

-56.78%

+28.89%

Max Drawdown (1Y)

Largest decline over 1 year

-5.15%

-9.10%

+3.95%

Max Drawdown (3Y)

Largest decline over 3 years

-8.08%

-18.90%

+10.82%

Max Drawdown (5Y)

Largest decline over 5 years

-15.41%

-25.43%

+10.02%

Max Drawdown (10Y)

Largest decline over 10 years

-27.89%

-33.92%

+6.03%

Current Drawdown

Current decline from peak

-1.75%

-1.80%

+0.05%

Average Drawdown

Average peak-to-trough decline

-3.63%

-10.71%

+7.08%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.49%

2.03%

-0.54%

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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Portfolio Analyzer

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