Davenport Core Leaders Fund is focused on high quality growth opportunities including market leaders that typically outperform in volatile markets.

Fund Objective

  • Long-term growth of capital

Investment Themes

  • Market Leaders/Concentrated Focus: Highest conviction ideas on industry leaders we know well
  • Wide Business Moats: Strong business models that are not easily duplicated
  • Capture Upside and Dampen Volatility: Seek low-risk investing opportunities

Portfolio Construction

  • The portfolio typically owns 45-55 stocks
  • Position sizes typically start in the 1-2% range
  • Broad sector diversification
  • Low portfolio turnover

Risk Management

  • Tend to avoid significant balance sheet or business risk
  • Valuation sensitive with focus on margin of safety embedded in purchase price
  • Setting upside and downside price targets for all positions
  • Typically close to fully invested

Portfolio Management

George L. Smith III, CFA
Jeff Omohundro, CFA
Christopher G. Pearson, CFA

Investors should consider the Fund’s investment objectives, risks, charges, and expenses carefully before investing. The Fund’s prospectus contains this and other important information, should be read carefully before investing or sending money, and may be obtained from your Financial Advisor, www.investdavenport.com, or by calling (888) 285-1863.
Distributed by Ultimus Fund Distributors, LLC
Risk Considerations: The fund may not achieve its objective and/or you could lose money on your investment in the fund. Stock markets and investments in individual stocks are volatile and can decline significantly in response to market, foreign securities, small company, exchange traded fund, investment style and management risks. Small and mid cap company stocks may be more volatile than stocks of larger, more established companies. Please see the prospectus for further information on these and other risk considerations.