Mutual Funds Mutual funds can offer greater diversification for your investments in addition to providing professional money management. By having your money managed by a professional mutual fund manager, you are relieved from having to research a wide array of investments. By investing in mutual funds, you have a professional monitoring and management of your investment based on the mutual fund’s stated objective. In addition to the thousands of mutual funds available, Davenport offers three other special mutual fund investment options where Davenport is the Investment Advisor for each fund: The Davenport Core Fund was created to offer the same equity investment strategy available through the Davenport Asset Management Core portfolio to clients preferring a no-load mutual fund structure. The Fund blends primarily large capitalization growth- and value-oriented equity investments and seeks to limit risk through diversification among major market sectors. It places emphasis on long term investments in companies with strong and focused management, solid balance sheets and a history of proven results.
The Value & Income Fund was developed to provide investors with an equity investment option that offers above average income potential and a value-oriented investment style with low-to-moderate risk. The Strategy is a profit sharing plan investment option for Davenport's own employees, once again demonstrating our commitment to manage your money the same way we manage our own. The goal of the Equity Opportunities Fund * is to identify small to medium-sized companies with the potential for above average, long-term returns. The portfolio is managed by a very nimble and responsive two person team with oversight and input provided by Davenport's Investment Policy Committee.
* Stocks of small to mid-cap companies are subject to higher volatility than those of larger, more established companies. Minimum initial account size for these funds is $5,000 or $2,000 for tax-deferred retirement accounts. FundAdvisor is an investment advisory program that offers six professionally managed portfolios of mutual funds. With the help of a brief questionnaire, your Investment Executive can assist you in selecting a model that is suitable for your personal investment objectives. As a FundAdvisor client, you gain access to Davenport's expertise in three areas: Asset Allocation, Mutual Fund Selection, and Portfolio Management. The FundAdvisor portfolios are intended to provide growth and risk management through diversification and careful fund analysis. Minimum account size for this program is $35,000 or $75,000 depending on the model selected. An investor should consider the Fund's investment objectives, risks and charges and expenses carefully before investing. You may obtain a copy of the Fund's prospectus by calling 1-888-285-1863. Please read the prospectus carefully before you invest or send money. Annuities Annuities allow an investment to grow over time on a tax-deferred basis. For clients seeking tax-deferral or lifetime income, we offer both fixed and variable annuities* from highly rated insurance companies and professional money managers. * Variable Annuities are long-term, tax-deferred investments intended for retirement planning. Withdrawals of earnings and other distribution of taxable amounts are subject to ordinary income taxes, and if taken prior to age 59 ½, an additional 10% tax penalty may apply. Fees and expenses for these products may be higher and the surrender period may be longer than contracts without these enhanced features and benefits. Variable annuities may not be appropriate for some clients. You should carefully consider whether the insurance company will reduce or eliminate death benefit features at certain ages. You should also consider if the issuing company forces annuitization. |
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