DAVENPORT CORE FUND | ||
SCHEDULE OF INVESTMENTS | ||
June 30, 2021 (Unaudited) | ||
COMMON STOCKS - 98.7% | Shares | Value |
Communications - 12.3% | ||
Alphabet, Inc. - Class A (a) | 8,290 | $ 20,242,439 |
Alphabet, Inc. - Class C (a) | 7,036 | 17,634,467 |
DISH Network Corporation - Class A (a) | 380,358 | 15,898,964 |
Facebook, Inc. - Class A (a) | 41,118 | 14,297,140 |
T-Mobile US, Inc. (a) | 129,701 | 18,784,596 |
Walt Disney Company (The) (a) | 75,789 | 13,321,433 |
100,179,039 | ||
Consumer Discretionary - 13.2% | ||
Amazon.com, Inc. (a) | 7,598 | 26,138,336 |
CarMax, Inc. (a) | 151,983 | 19,628,604 |
Home Depot, Inc. (The) | 35,678 | 11,377,357 |
MercadoLibre, Inc. (a) | 7,743 | 12,061,968 |
NIKE, Inc. - Class B | 102,450 | 15,827,501 |
TJX Companies, Inc. (The) | 330,596 | 22,288,782 |
107,322,548 | ||
Consumer Staples - 1.4% | ||
Constellation Brands, Inc. - Class A | 49,590 | 11,598,605 |
Energy - 1.5% | ||
Pioneer Natural Resources Company | 73,864 | 12,004,377 |
Financials - 15.0% | ||
Aon plc - Class A | 74,895 | 17,881,930 |
Berkshire Hathaway, Inc. - Class B (a) | 68,270 | 18,973,598 |
Brookfield Asset Management Reinsurance Partners Ltd. - Class A (a) | 4,223 | 219,705 |
Brookfield Asset Management, Inc. - Class A | 612,403 | 31,220,305 |
Charles Schwab Corporation (The) | 230,874 | 16,809,936 |
JPMorgan Chase & Company | 104,842 | 16,307,125 |
Markel Corporation (a) | 16,857 | 20,004,371 |
121,416,970 | ||
Health Care - 11.2% | ||
Abbott Laboratories | 105,732 | 12,257,511 |
Danaher Corporation | 101,875 | 27,339,175 |
Illumina, Inc. (a) | 22,916 | 10,844,080 |
Johnson & Johnson | 100,855 | 16,614,853 |
Medtronic plc | 92,610 | 11,495,679 |
DAVENPORT CORE FUND | ||
SCHEDULE OF INVESTMENTS (Continued) | ||
COMMON STOCKS - 98.7% (Continued) | Shares | Value |
Health Care - 11.2% (Continued) | ||
UnitedHealth Group, Inc. | 30,261 | $ 12,117,715 |
90,669,013 | ||
Industrials - 3.6% | ||
Honeywell International, Inc. | 67,995 | 14,914,703 |
Union Pacific Corporation | 65,908 | 14,495,147 |
29,409,850 | ||
Materials - 8.2% | ||
Air Products & Chemicals, Inc. | 66,360 | 19,090,445 |
Ball Corporation | 115,660 | 9,370,773 |
Martin Marietta Materials, Inc. | 45,798 | 16,112,194 |
Sherwin-Williams Company (The) | 79,842 | 21,752,953 |
66,326,365 | ||
Real Estate - 3.2% | ||
American Tower Corporation | 96,990 | 26,200,879 |
Technology - 29.1% | ||
Accenture plc - Class A | 80,315 | 23,676,059 |
Adobe, Inc. (a) | 50,572 | 29,616,986 |
Advanced Micro Devices, Inc. (a) | 98,525 | 9,254,453 |
Apple, Inc. | 174,470 | 23,895,411 |
Broadcom, Inc. | 28,113 | 13,405,403 |
FleetCor Technologies, Inc. (a) | 56,200 | 14,390,572 |
Mastercard, Inc. - Class A | 61,147 | 22,324,158 |
Microsoft Corporation | 125,765 | 34,069,739 |
Moody's Corporation | 37,574 | 13,615,690 |
ServiceNow, Inc. (a) | 23,684 | 13,015,542 |
Sony Group Corporation - ADR | 157,462 | 15,308,456 |
Visa, Inc. - Class A | 99,286 | 23,215,053 |
235,787,522 | ||
Total Common Stocks (Cost $424,588,885) | $ 800,915,168 | |
DAVENPORT CORE FUND | ||
SCHEDULE OF INVESTMENTS (Continued) | ||
MONEY MARKET FUNDS - 1.3% | Shares | Value |
First American Treasury Obligations Fund - Class Z, 0.01% (b) (Cost $10,968,300) | 10,968,300 | $ 10,968,300 |
Total Investments at Value - 100.0% (Cost $435,557,185) | $ 811,883,468 | |
Liabilities in Excess of Other Assets - (0.0%) (c) | (219,212 ) | |
Net Assets - 100.0% | $ 811,664,256 | |
ADR - American Depositary Receipt. |
(a) | Non-income producing security. |
(b) | The rate shown is the 7-day effective yield as of June 30, 2021. |
(c) | Percentage rounds to less than 0.1%. |
DAVENPORT VALUE & INCOME FUND | ||
SCHEDULE OF INVESTMENTS | ||
June 30, 2021 (Unaudited) | ||
COMMON STOCKS - 97.5% | Shares | Value |
Communications - 4.8% | ||
Alphabet, Inc. - Class A (a) | 6,724 | $ 16,418,596 |
Comcast Corporation - Class A | 419,594 | 23,925,250 |
40,343,846 | ||
Consumer Discretionary - 5.5% | ||
Cannae Holdings, Inc. (a) | 489,230 | 16,589,789 |
Lowe's Companies, Inc. | 64,286 | 12,469,555 |
McDonald's Corporation | 75,353 | 17,405,790 |
46,465,134 | ||
Consumer Staples - 12.9% | ||
Anheuser-Busch InBev S.A./N.V. - ADR | 314,813 | 22,669,684 |
Bunge Ltd. | 279,019 | 21,805,335 |
Coca-Cola Company (The) | 227,120 | 12,289,463 |
Diageo plc - ADR | 89,607 | 17,176,766 |
Philip Morris International, Inc. | 195,455 | 19,371,545 |
Walgreen Boots Alliance, Inc. | 303,244 | 15,953,667 |
109,266,460 | ||
Energy - 7.4% | ||
BP plc - ADR | 766,939 | 20,262,529 |
Cabot Oil & Gas Corporation | 762,929 | 13,320,740 |
Chevron Corporation | 121,084 | 12,682,338 |
Enbridge, Inc. | 414,682 | 16,603,867 |
62,869,474 | ||
Financials - 21.1% | ||
Berkshire Hathaway, Inc. - Class B (a) | 82,663 | 22,973,701 |
Brookfield Asset Management Reinsurance Partners Ltd. - Class A (a) | 4,772 | 248,217 |
Brookfield Asset Management, Inc. - Class A | 691,878 | 35,271,940 |
Capital One Financial Corporation | 123,371 | 19,084,260 |
Fairfax Financial Holdings Ltd. | 42,763 | 18,726,345 |
Fidelity National Financial, Inc. | 552,588 | 24,015,475 |
JPMorgan Chase & Company | 133,326 | 20,737,526 |
Markel Corporation (a) | 17,063 | 20,248,833 |
Truist Financial Corporation | 303,800 | 16,860,900 |
178,167,197 | ||
Health Care - 7.3% | ||
Bristol-Myers Squibb Company | 235,849 | 15,759,430 |
Johnson & Johnson | 155,633 | 25,638,980 |
Medtronic plc | 164,167 | 20,378,050 |
61,776,460 |
DAVENPORT VALUE & INCOME FUND | ||
SCHEDULE OF INVESTMENTS (Continued) | ||
COMMON STOCKS - 97.5% (Continued) | Shares | Value |
Industrials - 16.8% | ||
3M Company | 109,379 | $ 21,725,951 |
Deere & Company | 37,216 | 13,126,455 |
L3Harris Technologies, Inc. | 73,883 | 15,969,811 |
Norfolk Southern Corporation | 70,618 | 18,742,723 |
TE Connectivity Ltd. | 145,015 | 19,607,478 |
United Parcel Service, Inc. - Class B | 124,506 | 25,893,513 |
Watsco, Inc. | 93,891 | 26,912,916 |
141,978,847 | ||
Materials - 1.6% | ||
Newmont Corporation | 210,118 | 13,317,279 |
Real Estate - 9.5% | ||
Crown Castle International Corporation | 92,736 | 18,092,794 |
Digital Realty Trust, Inc. | 104,438 | 15,713,741 |
Gaming and Leisure Properties, Inc. | 380,337 | 17,621,013 |
Lamar Advertising Company - Class A | 192,816 | 20,133,847 |
SL Green Realty Corporation | 114,410 | 9,152,800 |
80,714,195 | ||
Technology - 7.3% | ||
Microsoft Corporation | 82,296 | 22,293,986 |
QUALCOMM, Inc. | 124,508 | 17,795,929 |
Sony Group Corporation - ADR | 219,286 | 21,318,985 |
61,408,900 | ||
Utilities - 3.3% | ||
Dominion Energy, Inc. | 225,731 | 16,607,030 |
NextEra Energy, Inc. | 152,862 | 11,201,727 |
27,808,757 | ||
Total Common Stocks (Cost $593,472,513) | $ 824,116,549 | |
DAVENPORT VALUE & INCOME FUND | ||
SCHEDULE OF INVESTMENTS (Continued) | ||
MONEY MARKET FUNDS - 2.5% | Shares | Value |
First American Treasury Obligations Fund - Class Z, 0.01% (b) (Cost $21,493,536) | 21,493,536 | $ 21,493,536 |
Total Investments at Value - 100.0% (Cost $614,966,049) | $ 845,610,085 | |
Liabilities in Excess of Other Assets - (0.0%) (c) | (135,852 ) | |
Net Assets - 100.0% | $ 845,474,233 | |
ADR - American Depositary Receipt. |
(a) | Non-income producing security. |
(b) | The rate shown is the 7-day effective yield as of June 30, 2021. |
(c) | Percentage rounds to less than 0.1%. |
DAVENPORT EQUITY OPPORTUNITIES FUND | ||
SCHEDULE OF INVESTMENTS | ||
June 30, 2021 (Unaudited) | ||
COMMON STOCKS - 97.3% | Shares | Value |
Communications - 10.7% | ||
DISH Network Corporation - Class A (a) | 1,175,074 | $ 49,118,093 |
Take-Two Interactive Software, Inc. (a) | 154,890 | 27,418,628 |
76,536,721 | ||
Consumer Discretionary - 26.6% | ||
Builders FirstSource, Inc. (a) | 328,149 | 13,998,836 |
Cannae Holdings, Inc. (a) | 665,655 | 22,572,361 |
CarMax, Inc. (a) | 208,440 | 26,920,026 |
DraftKings, Inc. - Class A (a) | 260,493 | 13,589,920 |
Etsy, Inc. (a) | 149,964 | 30,868,590 |
Hilton Worldwide Holdings, Inc. (a) | 121,356 | 14,637,960 |
Live Nation Entertainment, Inc. (a) | 162,815 | 14,260,966 |
MercadoLibre, Inc. (a) | 13,480 | 20,999,009 |
O'Reilly Automotive, Inc. (a) | 55,633 | 31,499,961 |
189,347,629 | ||
Financials - 17.1% | ||
Brookfield Asset Management Reinsurance Partners Ltd. - Class A (a) | 5,665 | 294,714 |
Brookfield Asset Management, Inc. - Class A | 821,483 | 41,879,203 |
Fairfax Financial Holdings Ltd. | 53,128 | 23,265,283 |
Fidelity National Financial, Inc. | 516,896 | 22,464,300 |
Markel Corporation (a) | 28,946 | 34,350,508 |
122,254,008 | ||
Health Care - 3.3% | ||
Align Technology, Inc. (a) | 37,991 | 23,212,501 |
Industrials - 13.5% | ||
Colfax Corporation (a) | 523,949 | 24,002,104 |
Evoqua Water Technologies Corporation (a) | 895,439 | 30,247,929 |
Watsco, Inc. | 72,716 | 20,843,314 |
Xylem, Inc. | 176,563 | 21,180,498 |
96,273,845 | ||
Materials - 8.8% | ||
Ball Corporation | 170,614 | 13,823,146 |
Martin Marietta Materials, Inc. | 71,088 | 25,009,469 |
Sherwin-Williams Company (The) | 88,234 | 24,039,354 |
62,871,969 | ||
Real Estate - 7.8% | ||
American Tower Corporation | 141,882 | 38,328,004 |
Lamar Advertising Company - Class A | 167,029 | 17,441,168 |
55,769,172 |
DAVENPORT EQUITY OPPORTUNITIES FUND | ||
SCHEDULE OF INVESTMENTS (Continued) | ||
COMMON STOCKS - 97.3% (Continued) | Shares | Value |
Technology - 9.5% | ||
Autodesk, Inc. (a) | 81,259 | $ 23,719,502 |
Black Knight, Inc. (a) | 276,519 | 21,562,952 |
Intuit, Inc. | 46,107 | 22,600,268 |
67,882,722 | ||
Total Common Stocks (Cost $437,876,896) | $ 694,148,567 | |
MONEY MARKET FUNDS - 2.7% | Shares | Value |
First American Treasury Obligations Fund - Class Z, 0.01% (b) (Cost $19,621,092) | 19,621,092 | $ 19,621,092 |
Total Investments at Value - 100.0% (Cost $457,497,988) | $ 713,769,659 | |
Liabilities in Excess of Other Assets - (0.0%) (c) | (213,780 ) | |
Net Assets - 100.0% | $ 713,555,879 | |
(a) | Non-income producing security. |
(b) | The rate shown is the 7-day effective yield as of June 30, 2021. |
(c) | Percentage rounds to less than 0.1%. |
DAVENPORT SMALL CAP FOCUS FUND | ||
SCHEDULE OF INVESTMENTS | ||
June 30, 2021 (Unaudited) | ||
COMMON STOCKS - 92.8% | Shares | Value |
Communications - 10.5% | ||
Liberty Latin America Ltd. - Class C (a) | 1,561,576 | $ 22,018,222 |
Shenandoah Telecommunications Company | 310,923 | 15,082,875 |
Switch, Inc. - Class A | 803,796 | 16,968,133 |
54,069,230 | ||
Consumer Discretionary - 18.1% | ||
Builders FirstSource, Inc. (a) | 516,598 | 22,038,071 |
Cannae Holdings, Inc. (a) | 670,613 | 22,740,487 |
Cedar Fair, L.P. (a) | 82,480 | 3,697,578 |
Hanesbrands, Inc. | 951,701 | 17,768,258 |
Monarch Casino & Resort, Inc. (a) | 275,355 | 18,220,240 |
OneSpaWorld Holdings Ltd. (a) | 899,026 | 8,711,562 |
93,176,196 | ||
Consumer Staples - 8.5% | ||
Bunge Ltd. | 110,000 | 8,596,500 |
J & J Snack Foods Corporation | 72,538 | 12,651,353 |
Seaboard Corporation | 3,654 | 14,136,339 |
Village Farms International, Inc. (a) | 800,000 | 8,560,000 |
43,944,192 | ||
Energy - 0.9% | ||
Aemetis, Inc. (a) | 400,000 | 4,468,000 |
Financials - 22.0% | ||
BRP Group, Inc. - Class A (a) | 656,290 | 17,490,128 |
Diamond Hill Investment Group, Inc. | 76,614 | 12,818,288 |
Foley Trasimene Acquisition Corporation - Class A(a) | 2,300,000 | 22,471,000 |
Kinsale Capital Group, Inc. | 69,380 | 11,431,743 |
Live Oak Bancshares, Inc. | 199,275 | 11,757,225 |
Stewart Information Services Corporation | 369,184 | 20,929,041 |
TowneBank | 327,479 | 9,961,911 |
WM Technology, Inc. (a) | 360,000 | 6,429,600 |
113,288,936 | ||
Health Care - 1.6% | ||
Perrigo Company plc | 175,000 | 8,023,750 |
Industrials - 14.3% | ||
Casella Waste Systems, Inc. - Class A (a) | 159,012 | 10,086,131 |
Chart Industries, Inc. (a) | 101,476 | 14,847,968 |
Colfax Corporation (a) | 386,992 | 17,728,104 |
DAVENPORT SMALL CAP FOCUS FUND | ||
SCHEDULE OF INVESTMENTS (Continued) | ||
COMMON STOCKS - 92.8% (Continued) | Shares | Value |
Industrials - 14.3% (Continued) | ||
Evoqua Water Technologies Corporation (a) | 927,579 | $ 31,333,619 |
73,995,822 | ||
Materials - 5.2% | ||
MAG Silver Corporation (a) | 279,502 | 5,847,182 |
NewMarket Corporation | 64,680 | 20,825,666 |
26,672,848 | ||
Real Estate - 9.5% | ||
FRP Holdings, Inc. (a) | 118,860 | 6,618,125 |
Janus International Group, Inc. (a) | 1,592,081 | 22,496,105 |
Lamar Advertising Company - Class A | 142,359 | 14,865,127 |
Radius Global Infrastructure, Inc. - Class A (a) | 334,257 | 4,846,726 |
48,826,083 | ||
Technology - 2.2% | ||
Verra Mobility Corporation (a) | 749,260 | 11,516,126 |
Total Common Stocks (Cost $378,958,219) | $ 477,981,183 | |
WARRANTS - 0.2% | Shares | Value |
Foley Trasimene Acquisition Corporation (a) (Cost $982,978) | 483,333 | $ 1,005,333 |
MONEY MARKET FUNDS - 6.6% | Shares | Value |
First American Treasury Obligations Fund - Class Z, 0.01% (b) (Cost $34,195,091) | 34,195,091 | $ 34,195,091 |
Total Investments at Value - 99.6% (Cost $414,136,288) | $ 513,181,607 | |
Other Assets in Excess of Liabilities - 0.4% | 2,249,922 | |
Net Assets - 100.0% | $ 515,431,529 | |
(a) | Non-income producing security. |
(b) | The rate shown is the 7-day effective yield as of June 30, 2021. |
DAVENPORT BALANCED INCOME FUND | ||
SCHEDULE OF INVESTMENTS | ||
June 30, 2021 (Unaudited) | ||
COMMON STOCKS - 64.4% | Shares | Value |
Communications - 2.6% | ||
Alphabet, Inc. - Class A (a) | 925 | $ 2,258,656 |
Comcast Corporation - Class A | 54,420 | 3,103,028 |
5,361,684 | ||
Consumer Discretionary - 5.0% | ||
Cannae Holdings, Inc. (a) | 117,411 | 3,981,407 |
Hanesbrands, Inc. | 112,905 | 2,107,936 |
Lowe's Companies, Inc. | 8,846 | 1,715,859 |
McDonald's Corporation | 10,246 | 2,366,724 |
10,171,926 | ||
Consumer Staples - 7.9% | ||
Anheuser-Busch InBev S.A./N.V. - ADR | 42,376 | 3,051,496 |
Bunge Ltd. | 39,012 | 3,048,788 |
Coca-Cola Company (The) | 31,604 | 1,710,092 |
Diageo plc - ADR | 12,545 | 2,404,751 |
Ingredion, Inc. | 13,155 | 1,190,527 |
Philip Morris International, Inc. | 27,471 | 2,722,651 |
Walgreen Boots Alliance, Inc. | 41,726 | 2,195,205 |
16,323,510 | ||
Energy - 5.3% | ||
BP plc - ADR | 106,338 | 2,809,450 |
Cabot Oil & Gas Corporation | 104,748 | 1,828,900 |
Chevron Corporation | 16,932 | 1,773,458 |
Enbridge, Inc. | 57,275 | 2,293,291 |
Enterprise Products Partners, L.P. | 87,000 | 2,099,310 |
10,804,409 | ||
Financials - 14.3% | ||
Berkshire Hathaway, Inc. - Class B (a) | 11,473 | 3,188,576 |
Brookfield Asset Management Reinsurance Partners Ltd. - Class A (a) | 671 | 34,881 |
Brookfield Asset Management, Inc. - Class A | 97,228 | 4,956,684 |
Capital One Financial Corporation | 16,976 | 2,626,017 |
Diamond Hill Investment Group, Inc. | 11,715 | 1,960,037 |
Fairfax Financial Holdings Ltd. | 5,756 | 2,520,610 |
Fidelity National Financial, Inc. | 77,691 | 3,376,451 |
JPMorgan Chase & Company | 18,345 | 2,853,381 |
Markel Corporation (a) | 2,366 | 2,807,756 |
Stewart Information Services Corporation | 50,417 | 2,858,140 |
Truist Financial Corporation | 41,862 | 2,323,341 |
29,505,874 |
DAVENPORT BALANCED INCOME FUND | ||
SCHEDULE OF INVESTMENTS (Continued) | ||
COMMON STOCKS - 64.4% (Continued) | Shares | Value |
Health Care - 4.1% | ||
Bristol-Myers Squibb Company | 32,006 | $ 2,138,641 |
Johnson & Johnson | 21,433 | 3,530,872 |
Medtronic plc | 22,304 | 2,768,596 |
8,438,109 | ||
Industrials - 9.5% | ||
3M Company | 15,092 | 2,997,724 |
Deere & Company | 5,099 | 1,798,468 |
L3Harris Technologies, Inc. | 10,096 | 2,182,251 |
Norfolk Southern Corporation | 9,678 | 2,568,638 |
TE Connectivity Ltd. | 19,630 | 2,654,172 |
United Parcel Service, Inc. - Class B | 17,565 | 3,652,993 |
Watsco, Inc. | 13,056 | 3,742,372 |
19,596,618 | ||
Materials - 0.9% | ||
Newmont Corporation | 28,611 | 1,813,365 |
Real Estate - 6.3% | ||
Crown Castle International Corporation | 12,840 | 2,505,084 |
Digital Realty Trust, Inc. | 13,709 | 2,062,656 |
Gaming and Leisure Properties, Inc. | 53,117 | 2,460,911 |
Lamar Advertising Company - Class A | 26,732 | 2,791,355 |
SL Green Realty Corporation | 39,952 | 3,196,160 |
13,016,166 | ||
Technology - 4.1% | ||
Microsoft Corporation | 11,293 | 3,059,274 |
QUALCOMM, Inc. | 17,205 | 2,459,110 |
Sony Group Corporation - ADR | 30,174 | 2,933,516 |
8,451,900 | ||
Utilities - 4.4% | ||
Brookfield Infrastructure Partners, L.P. | 41,245 | 2,291,160 |
Brookfield Renewable Partners, L.P. | 76,999 | 2,969,851 |
Dominion Energy, Inc. | 30,720 | 2,260,070 |
NextEra Energy, Inc. | 20,584 | 1,508,396 |
9,029,477 | ||
Total Common Stocks (Cost $100,573,033) | $ 132,513,038 | |
DAVENPORT BALANCED INCOME FUND | ||
SCHEDULE OF INVESTMENTS (Continued) | ||
EXCHANGE-TRADED FUNDS - 0.4% | Shares | Value |
Utilities Select Sector SPDR Fund (The) | 13,027 | $ 823,697 |
(Cost $656,257) | ||
FIXED RATE CORPORATE BONDS - 23.4% | Par Value | Value |
Communications - 3.9% | ||
AT&T, Inc., 0.90%, due 03/25/2024 | $ 2,655,000 | $ 2,660,840 |
Comcast Corporation, 3.15%, due 02/15/2028 | 2,500,000 | 2,745,881 |
Walt Disney Company (The), 3.35%, due 03/24/2025 | 2,505,000 | 2,724,419 |
8,131,140 | ||
Consumer Discretionary - 3.0% | ||
Amazon.com, Inc., 1.00%, due 05/12/2026 | 3,250,000 | 3,251,868 |
General Motors Financial Company, Inc, 1.50%, due 06/10/2026 | 2,850,000 | 2,836,561 |
6,088,429 | ||
Consumer Staples - 1.3% | ||
J.M. Smucker Company (The), 3.50%, due 10/15/2021 | 1,500,000 | 1,514,623 |
PepsiCo, Inc., 2.75%, due 03/05/2022 | 1,200,000 | 1,220,339 |
2,734,962 | ||
Energy - 4.1% | ||
Boardwalk Pipelines, L.P., 4.45%, due 07/15/2027 | 2,000,000 | 2,265,740 |
Halliburton Company, 3.80%, due 11/15/2025 | 2,325,000 | 2,570,776 |
MPLX, L.P., 4.13%, due 03/01/2027 | 3,250,000 | 3,633,248 |
8,469,764 | ||
Financials - 1.8% | ||
BlackRock, Inc., 3.50%, due 03/18/2024 | 1,150,000 | 1,242,414 |
Citigroup, Inc., 3.30%, due 04/27/2025 | 2,250,000 | 2,447,231 |
3,689,645 | ||
Health Care - 2.4% | ||
Amgen, Inc., 2.20%, due 02/21/2027 | 2,000,000 | 2,077,963 |
CVS Health Corporation, 3.00%, due 08/15/2026 | 2,600,000 | 2,800,510 |
4,878,473 | ||
Industrials - 2.7% | ||
General Dynamics Corporation, 3.38%, due 05/15/2023 | 3,250,000 | 3,427,312 |
John Deere Capital Corporation, 2.60%, due 03/07/2024 | 2,000,000 | 2,108,439 |
5,535,751 |
DAVENPORT BALANCED INCOME FUND | ||
SCHEDULE OF INVESTMENTS (Continued) | ||
FIXED RATE CORPORATE BONDS - 23.4% (Continued) | Par Value | Value |
Materials - 1.1% | ||
Sherwin-Williams Company (The), 3.45%, due 06/01/2027 | $ 2,000,000 | $ 2,207,536 |
Technology - 3.1% | ||
Fiserv, Inc., 3.20%, due 07/01/2026 | 2,225,000 | 2,408,886 |
Oracle Corporation, 3.63%, due 07/15/2023 | 1,500,000 | 1,593,510 |
PayPal Holdings, Inc., 2.40%, due 10/01/2024 | 2,250,000 | 2,369,865 |
6,372,261 | ||
Total Fixed Rate Corporate Bonds (Cost $46,165,977) | $ 48,107,961 | |
VARIABLE RATE CORPORATE BONDS (b) - 1.7% | Par Value | Value |
Energy - 1.7% | ||
BP Capital Markets plc, 0.785% (3MO LIBOR + 65), due 09/19/2022 | $ 1,750,000 | $ 1,757,742 |
ConocoPhillips Company, 1.056% (3MO LIBOR + 90), due 05/15/2022 | 1,750,000 | 1,762,294 |
Total Variable Rate Corporate Bonds (Cost $3,512,881) | $ 3,520,036 | |
U.S. TREASURY OBLIGATIONS - 7.3% | Par Value | Value |
U.S. Treasury Notes - 7.3% | ||
0.25%, due 06/15/2024 | $ 4,500,000 | $ 4,472,930 |
2.75%, due 06/30/2025 | 4,810,000 | 5,203,443 |
2.875%, due 08/15/2028 | 4,785,000 | 5,324,995 |
Total U.S. Treasury Obligations (Cost $14,070,558) | $ 15,001,368 | |
DAVENPORT BALANCED INCOME FUND | ||
SCHEDULE OF INVESTMENTS (Continued) | ||
MONEY MARKET FUNDS - 5.3% | Shares | Value |
First American Treasury Obligations Fund - Class Z, 0.01% (c) (Cost $10,870,801) | 10,870,801 | $ 10,870,801 |
Total Investments at Value - 102.5% (Cost $175,849,507) | $ 210,836,901 | |
Liabilities in Excess of Other Assets - (2.5%) | (5,127,608 ) | |
Net Assets - 100.0% | $ 205,709,293 | |
ADR | - American Depositary Receipt. |
LIBOR | - London Interbank Offered Rate. |
(a) | Non-income producing security. |
(b) | Variable rate security. Interest rate resets periodically. The rate shown is the effective interest rate as of June 30, 2021. The reference rate and spread (in basis points) are indicated parenthetically. |
(c) | The rate shown is the 7-day effective yield as of June 30, 2021. |