DBALX Fees and Costs — Davenport Balanced Income Fund
Data updated: 2026-08-28
The net expense ratio is 0.93%: a 0.75% management fee plus 0.17% other expenses. There are no sales loads or redemption fees. Portfolio turnover was 36%.
DBALX Fees and Expenses
Annual operating expenses and sales charges of DBALX. Prospectus, as of August 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.17% |
| Gross expense ratio | 0.93% |
| Fee waiver | — |
| Net expense ratio | 0.93% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
DBALX Costs Over Time
On $10,000 invested in DBALX, assuming 5% a year before costs, total costs come to $583 over 5 years, cutting the return by 0.98% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.93%) | $98 | $305 | $529 |
| Lost growth on money paid in costs | $0 | $15 | $53 |
| Total costs | $98 | $320 | $583 |
| Value after costs | $10,402 | $11,256 | $12,180 |
| Impact on return, per year | 0.98% | 0.98% | 0.98% |
DBALX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $93.1M
- Portfolio turnover (prospectus): 36%
- Securities lending: none during the year
DBALX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|
DBALX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| DAVENPORT & COMPANY LLC | $93.1M | 62.12% |
| BREAN CAPITAL, LLC | $17.7M | 11.82% |
| STIFEL, NICOLAUS & CO., INC. | $16.3M | 10.88% |
| J.P. MORGAN SECURITIES LLC | $13.3M | 8.84% |
| BARCLAYS CAPITAL, LLC | $4.9M | 3.30% |
| MORGAN STANLEY & CO., LLC | $3.1M | 2.04% |
| SOUTHSTATE SECURITIES CORP. | $1.5M | 1.00% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.