Morningstar

Davenport Balanced Income DBALX

Morningstar Medalist Rating
Medalist Rating as of | See Davenport Investment Hub
  • NAV / 1-Day Return 13.60  /  +0.37 %
  • Total Assets 241.2 Mil
  • Adj. Expense Ratio
    0.930%
  • Expense Ratio 0.930%
  • 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 2.25%
  • Turnover 45%

USD | NAV as of Sep 27, 2024 | 1-Day Return as of Sep 27, 2024, 10:17 PM GMT+0

Morningstar’s Analysis DBALX

Will DBALX outperform in 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.

Weakness in Davenport Balanced Income's People and Process Pillar ratings limits this strategy to a Morningstar Medalist Rating of Negative.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The strategy charges fees in line with its similarly distributed peers, priced within the middle quintile.

by Morningstar Manager Research
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Portfolio Holdings DBALX

More DBALX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 17.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

First American Treasury Obligs X

2.59 6.0 Mil
Cash and Equivalents

Meta Platforms Inc 4.95%

2.19 5.1 Mil
Corporate

NextEra Energy Inc

2.07 4.8 Mil
Utilities

United States Treasury Notes 2.75%

2.03 4.7 Mil
Government

Johnson & Johnson

1.93 4.5 Mil
Healthcare

Bank of Montreal 5.92%

1.73 4.0 Mil
Corporate

United States Treasury Notes 4.625%

1.73 4.0 Mil
Government

Philip Morris International Inc

1.73 4.0 Mil
Consumer Defensive

Verisign, Inc. 5.25%

1.70 3.9 Mil
Corporate

L3Harris Technologies Inc

1.69 3.9 Mil
Industrials

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