Fund info

The Davenport Balanced Income Fund is an open-end mutual fund designed to deliver a blend of current income and long-term moderate capital appreciation through a balanced allocation between equity and fixed income securities. Its strategy focuses on maintaining a diversified portfolio, with an equity allocation typically ranging from 25% to 75% of total assets, and at least 25% allocated to fixed income instruments. The fund invests in individual stocks, including companies with established business models, attractive valuations, and a record or potential for dividend growth. It also utilizes exchange-traded funds (ETFs) for broader market exposure. On the fixed income side, the fund emphasizes quality through investment-grade corporate bonds and sector-diversified, laddered bond portfolios to enhance income and stabilize returns during periods of equity market volatility. Managed by an experienced team, the fund typically holds 45-55 stocks with broad sector diversification and low turnover, regularly rebalancing to preserve its risk profile. Serving investors seeking a lower-volatility option, Davenport Balanced Income Fund plays a key role in providing stability and steady income within diversified investment portfolios.