Davenport Balanced Income Fund (DBALX)

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The chart shows the growth of an initial investment of $10,000 in Davenport Balanced Income Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Davenport Balanced Income Fund (DBALX) has returned 0.43% so far this year and 7.26% over the past 12 months. Over the last ten years, DBALX has returned 5.62% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Jan 4, 2016, DBALX's average daily return is +0.02%, while the average monthly return is +0.52%. At this rate, your investment would double in approximately 11.1 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%.

Davenport Balanced Income Fund has an annualized alpha of -0.12%, beta of 0.49, and R² of 0.81 versus S&P 500 Index. Calculated based on daily prices since January 05, 2016.

• This fund participated in 65.81% of S&P 500 Index downside but only 51.52% 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.

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

DBALX ranks 44 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.

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

Davenport Balanced Income Fund provided a 5.25% dividend yield over the last twelve months, with an annual payout of $0.71 per share. The fund has been increasing its distributions for 2 consecutive years.

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.

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.

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 4.51%.

The chart below shows the rolling one-month volatility.