Davenport Value and Income focuses on value opportunities and companies with meaningful dividends and dividend growth potential

Fund Objective

  • Long-term growth of capital and current income

Investment Themes

  • Dividend Aristocrats: High-quality business with track records of maintaining and increasing dividends
  • High-Yielders with Capital Appreciation Potential: Above-average dividend yields and potential growth
  • Contrarian/Special Situations: Deep values, distressed stocks with temporary headwinds

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

Investment Policy Committee


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 Investment Executive, 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.