You should consider each fund’s investment objectives, risks, charges and expenses carefully before investing. Each fund’s prospectus contains this and other important information, should be read carefully before investing or sending money, and can be obtained by contacting your Financial Advisor, www.investdavenport.com, or by calling (800) 846-6666. 

Davenport ETFAdvisor is an investment advisory wrap program sponsored by Davenport & Company LLC. A wrap fee program provides investors with investment advisory and brokerage execution services for one “wrap” fee, which is generally a percentage of assets under management. For more information on the program, including the Davenport ETFAdvisor fee schedule, request a written disclosure document from your Investment Executive. In addition to the ETFAdvisor fee, clients will bear a proportionate share of each ETFs management and administrative expenses, including advisory fees paid to the ETFs investment advisors. 

Risk Considerations: Investing in securities carries risk including the possible loss of principal. Funds that invest in foreign securities may involve greater risks, including political and economic uncertainties, as well as risk of currency fluctuations. Small and mid cap company stocks may be more volatile than stocks of larger, more established companies. Investments in bonds and other fixed income securities may fall in value if interest rates change. Generally, the prices of debt securities rise when interest rates fall, while their prices fall when interest rates rise. Longer-term debt securities are usually more sensitive to interest rate changes. An issuer suffering an adverse change in its financial condition could lower the credit quality of a security, leading to greater price volatility of the security. 

Diversification and Asset Allocation does not ensure a profit or guarantee protection against a loss.