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Davenport Core (DAVPX) Fund Ranking and Research

Ranking, Research and Recommendation of Davenport Core (DAVPX) Fund

    Last Trade: $19.05 on 8/31/2015, Change: -0.13 (-0.68%)

 

Graph of Davenport Core Fund (DAVPX) ManagerFund Manager - Michael S. Beall

Fund Manager Information

Fund Manager Tenure: 17.6 years
Fund Family: Davenport
Fund Category: Large Growth
Fund Performance: Jul 30, 2015
Fundmojo Fund Grade: C (Score: 0.54)     (What does this score mean?)
Michael S. Beall, CFA, CPA (age 56) joined Davenport & Company LLC in 1980 and is the Chairman of the Investment Policy Committee. Mr. Beall has been a member of the Investment Policy Committee since June 1991.Beall holds the Chartered Financial Analyst designation and the Certified Public Accountant designation.  Get more insights on Michael S. Beall

 

Graph of Davenport Core Fund (DAVPX) ProfileDavenport Core Fund (DAVPX) Profile

Fund Profile and Description

Davenport Core Fund seeks long-term growth of capital. Davenport Core Fund normally invests at least 80% of assets in common stocks. It may invest in preferred stocks, convertible preferred stocks, convertible bonds, and warrants. Davenport Core Fund may invest up to 25% of assets in the equity securities of foreign issuers or invest in foreign markets that the Advisor considers to be “emerging markets.” It does not limit the fund to any particular market capitalization requirements when selecting stocks.

 

Davenport Core (DAVPX) Fund Strength What we like about Davenport Core (DAVPX) Fund

Data for Davenport Core Fund (DAVPX) as of Jul 30, 2015

  • Davenport Core Fund (DAVPX) management has been with Davenport Core Fund for 17.6 years
  • Davenport Core Fund (DAVPX) ratio of up-years vs down years is greater than 2
  • Asset base in Davenport Core Fund (DAVPX) has been consistently increasing at a reasonable pace in the last 2 months. It shows investor confidence and market support
  • Davenport Core Fund (DAVPX) has an annual stock turnover rate of 21.00% vs Large Growth average of 45.91%. It is good that Davenport Core management does not trade extensively for its return.
  • Davenport Core Fund (DAVPX) is less volatile than its peers as it has a 3-year Standard Deviation of 8.73, lower than category average of 9.76
  • Davenport Core Fund (DAVPX) has a lower expense ratio than its Large Growth average: 0.93% vs 1.18%
  • Davenport Core Fund (DAVPX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

Davenport Core Fund (DAVPX) Weakness What we are cautious about Davenport Core (DAVPX) Fund

Data for Davenport Core Fund (DAVPX) as of Jul 30, 2015

  • Davenport Core Fund (DAVPX) has a less-than-ideal short-term performance (1-year return 12.80% vs 14.46% Large Growth category median performance)
  • Davenport Core Fund (DAVPX) has a less-than-ideal mid-term performance (3-year return 17.52% vs 18.52% Large Growth category median performance)
  • Davenport Core Fund (DAVPX) has a less-than-ideal Long-term performance (5-year return 15.94% vs 16.28% Large Growth category median performance)
  • Davenport Core Fund (DAVPX) has a Morningstar rating of 3 and below
  • Davenport Core Fund (DAVPX) is less safe compared to its Large Growth peers
See Davenport Core Fund (DAVPX) performance details as of Jul 30, 2015

 

What do you think?

 

Compare Davenport Core Fund (DAVPX)Compare with other top Large Growth category mutual funds

Aadditional top Large Growth mutual funds for your consideration

FundYear to Date1 Year3 year5 year
Davenport Core4.7512.8017.5215.94
American Funds AMCAP R6 (RAFGX)5.6510.8120.1717.15Compare
Baron Fifth Avenue Growth Instl (BFTIX)11.8516.8621.1617.46Compare
VY T. Rowe Price Growth Equity S2 (ITRGX)12.0019.1920.6718.45Compare

See top fund managers for Large Growth Category Funds

 

Compare Davenport Core Fund (DAVPX)Compare with Large Growth category ETFs

Some Large Growth ETFs for your consideration

ETFYear to DateOne YearThree Year
SPDR MFS Systematic Growth Equity ETF (SYG)5.87%22.59%0
AlphaClone Alternative Alpha ETF (ALFA)8.95%22.29%20.82%
Columbia Large Cap Growth ETF (RPX)11.42%21.25%21.91%
First Trust US IPO ETF (FPX)11.72%20.20%28.14%
iShares MSCI USA Momentum Factor (MTUM)9.62%19.91%NaN

 

Graph of Davenport Core Fund (DAVPX) Net Asset TrackingDavenport Core (DAVPX) Fund Net Asset

Track net asset change of Davenport Core fund (DAVPX)

DateNet Asset
07/2015$343.41M
05/2015$339.29M
04/2015$334.75M
More historic net asset information on Davenport Core Fund (DAVPX)

  

Graph of Davenport Core Fund (DAVPX) Portfolio TrackingDavenport Core (DAVPX) Fund Portfolio Allocation

Track portfolio allocation change of Davenport Core fund (DAVPX)

DateCashStockBondOther
06/20151.98%98.02%0%0%
04/20152.01%97.99%0%0%
02/20152%98%0%0%
Click here to see more historic asset allocation information on Davenport Core Fund (DAVPX)

 

graph of Davenport Core Fund (DAVPX) Top 10 Position TrackingTop 10 Holdings in Davenport Core (DAVPX) Fund

Discover what Davenport Core Fund (DAVPX) manager is buying

Jun 29, 2015
Brookfield Asset Management Inc Class A [3.51%]
Capital One Financial Corporati [3.4%]
Markel Corporation Common Stock [3.31%]
Citigroup, Inc. Common Stock [2.79%]
CarMax Inc [2.73%]
American Tower Corporation (REI [2.66%]
Danaher Corporation Common Stoc [2.57%]
Berkshire Hathaway Inc Class B [2.5%]
Accenture plc. Class A Ordinary [2.42%]
NESTLE SA REG SHRS S [2.39%]

Apr 29, 2015
Brookfield Asset Management Inc Class A [3.55%]
Markel Corporation Common Stock [3.03%]
CarMax Inc [2.77%]
Capital One Financial Corporati [2.7%]
American Tower Corporation (REI [2.64%]
Berkshire Hathaway Inc Class B [2.57%]
NESTLE SA REG SHRS S [2.55%]
Danaher Corporation Common Stoc [2.43%]
Accenture plc. Class A Ordinary [2.3%]
AmerisourceBergen Corporation C [2.26%]

Feb 27, 2015
Brookfield Asset Management Inc Class A [3.55%]
CarMax Inc [3.48%]
Markel Corporation Common Stock [3.03%]
American Tower Corporation (REI [2.75%]
Berkshire Hathaway Inc Class B [2.67%]
Capital One Financial Corporati [2.61%]
Danaher Corporation Common Stoc [2.57%]
NESTLE SA REG SHRS S [2.54%]
Celgene Corporation [2.42%]
CME Group Inc. [2.32%]
Click here for Stock Holding Change Map in Davenport Core Fund (DAVPX)

  

Latest News on Davenport Core (DAVPX) Fund

See what is happening with Davenport Core Fund (DAVPX)

 

Davenport Core Fund (DAVPX) Related ResourcesSee more information on Davenport Core (DAVPX) Fund

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