**Davenport Balanced Income Fund Q3 2025 Commentary**
*November 10, 2025 | 1:10 AM ET*
**Davenport Balanced Income Fund (DBALX)**
*Managed by Davenport Asset Management*
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**Q3 2025 Performance Summary**
The Davenport Balanced Fund (DBALX) generated a 3.17% total return in the third quarter of 2025. During this period, both bonds and stocks continued to push higher amid a variety of macro cross-currents.
The fixed income portion of the Davenport Balanced Income Fund benefited from favorable interest rates throughout the quarter. Key weighted average metrics for the fund’s fixed income holdings included a 4.56% yield to worst and a duration of 3.41 years.
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**Q3 2025 Market Review**
The fund’s 3.17% total return in Q3 2025 slightly trailed the blended benchmark — a 60/40 mix of the Russell 1000 Value® Index and Bloomberg Intermediate Index — which returned 3.79% over the same time frame.
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**About Davenport Asset Management**
Davenport Asset Management is a boutique money manager founded in 1984. The firm currently manages over $12 billion in assets. Davenport’s competitive advantages stem from its long history, strong partnerships, independence, extensive experience, and a well-refined investment process built over the firm’s 160-year history.
For inquiries or communication, please use Davenport Asset Management’s official channels.
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