# EDGAR Filing Document

**Accession Number:** 0000842512
**File Stem:** 0000910472-25-004128
**Filing Date:** 2025-11
**Character Count:** 32633
**Document Hash:** 0803462b49bfcf88b1ab7179cd928a8b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-004128.hdr.sgml**: 20251126

**ACCESSION NUMBER**: 0000910472-25-004128

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251126

**DATE AS OF CHANGE**: 20251126

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** WILLIAMSBURG INVESTMENT TRUST
- **CENTRAL INDEX KEY:** 0000842512

**ORGANIZATION NAME:**
- **EIN:** 566344591
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05685
- **FILM NUMBER:** 251524224

**BUSINESS ADDRESS:**
- **STREET 1:** C/O ULTIMUS FUND SOLUTIONS, LLC
- **STREET 2:** 225 PICTORIA DRIVE, SUITE 450
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45246
- **BUSINESS PHONE:** 513-587-3400

**MAIL ADDRESS:**
- **STREET 1:** C/O ULTIMUS FUND SOLUTIONS, LLC
- **STREET 2:** 225 PICTORIA DRIVE, SUITE 450
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45246

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NOTTINGHAM INVESTMENT TRUST /NC/
- **DATE OF NAME CHANGE:** 19940125

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NOTTINGHAM INVESTMENT TRUST
- **DATE OF NAME CHANGE:** 19940125

## Series and Classes Contracts Data

### Davenport Balanced Income Fund (Series ID: S000052150)

| Class ID   | Class Name                     | Ticker Symbol   |
|:---|:---|:---|
| C000164143 | Davenport Balanced Income Fund | DBALX           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Williamsburg Investment Trust

- **b. Investment Company Act file number:** 811-05685

- **c. CIK number of Registrant:** 0000842512

- **d. LEI of Registrant:** 549300K2N6TCPDPSAZ53

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 225 Pictoria Drive

  - **City:** Cincinnati

  - **State:** OH

  - **Foreign country:** US

  - **Zip / Postal Code:** 45246

  - **Telephone number:** 513-587-3400

**Item A.2. Information about the Series.**

- **a. Name of Series:** DAVENPORT BALANCED INCOME FUND

- **b. EDGAR series identifier (if any):** S000052150

- **c. LEI of Series:** 549300P3ZR7G5JBKS140

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-03-31

- **b. Date as of which information is reported:** 2025-09-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $269209670.84

**Total Liabilities:** $194903.04

**Net Assets:** $269014767.80

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 702.94290301 | **1-Year:** 2834.66140640 | **5-Year:** 14351.10161735 | **10-Year:** 11428.73370057 | **30-Year:** 366.65394609

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000164143 | 0.37%                | 2.31%                | 0.47%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1791854.97              | $-1212100.08                               |
| Month 2  | $1118019.66              | $4260242.18                                |
| Month 3  | $996123.74               | $-379306.59                                |

### Schedule of Portfolio Investments

| Name                                   | Title                                              | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Avery Dennison Corporation             | Avery Dennison Corporation                         | CUSIP: 053611109<br>LEI: 549300PW7VPFCYKLIV37 | Long             | EC               | CORP              | US        |     10339 | NS      | $1676675.63   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group Inc.                | UnitedHealth Group, Inc.                           | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |      9182 | NS      | $3170544.60   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                     | Meta Platforms, Inc. 4.95%, Due 05/15/2033         | CUSIP: 30303M8N5<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |   4990000 | PA      | $5163876.35   | 1.92%             | 2033-05-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Lamar Advertising Company              | Lamar Advertising Company Class A                  | CUSIP: 512816109<br>LEI: 529900Y8WW4MKVPTB543 | Long             | EC               | CORP              | US        |     24867 | NS      | $3044218.14   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Farm Credit Banks              | FFCB 5.33%, Due 10/17/2039                         | CUSIP: 3133ERXL0<br>LEI: 254900C5LP6DN9OP9V83 | Long             | DBT              | USGSE             | US        |   5000000 | PA      | $4967996.00   | 1.85%             | 2039-10-17      | Fixed         | 5.33%                 | No            |                  2 | On Loan: No      |
| Sanofi SA                              | Sanofi ADR                                         | CUSIP: 80105N105<br>LEI: 549300E9PC51EN656011 | Long             | EC               | CORP              | FR        |     68467 | NS      | $3231642.40   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Smithfield Foods Inc                   | Smithfield Foods, Inc.                             | CUSIP: 832248207<br>LEI: CVTIPZRZJC0JQEZLL598 | Long             | EC               | CORP              | US        |    104000 | NS      | $2441920.00   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Genuine Parts Co                       | Genuine Parts Company                              | CUSIP: 372460105<br>LEI: 549300D46DQVEU651W04 | Long             | EC               | CORP              | US        |     17247 | NS      | $2390434.20   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo & Co.                      | Wells Fargo & Company                              | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |     37851 | NS      | $3172670.82   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| McDonald's Corp.                       | McDonald's Corporation                             | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |      9828 | NS      | $2986630.92   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Schlumberger Limited                   | SLB Limited                                        | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | US        |     86921 | NS      | $2987474.77   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp.                          | Chevron Corporation                                | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     31803 | NS      | $4938687.87   | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co.                   | JPMorgan Chase & Company                           | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |     13486 | NS      | $4253888.98   | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| HCA Inc.                               | HCA, Inc. 5.450%, due 04/01/31                     | CUSIP: 404119CT4<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3639629.42   | 1.35%             | 2031-04-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Fiserv Inc.                            | Fiserv, Inc., 3.20%, 07/01/2026                    | CUSIP: 337738AT5<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |   2325000 | PA      | $2310357.45   | 0.86%             | 2026-07-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| NextEra Energy Inc                     | NextEra Energy, Inc.                               | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |     63059 | NS      | $4760323.91   | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| The Sherwin-Williams Company           | SHERWIN WILLIAM CO SR 4.3% DUE 08/15/2028          | CUSIP: 824348BU9<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3015721.56   | 1.12%             | 2028-08-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Medtronic PLC                          | Medtronic plc                                      | CUSIP: G5960L103<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               | CORP              | US        |     36857 | NS      | $3510260.68   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Funds Inc.              | First American Treasury Obligations Fund Class X   | CUSIP: 31846V328<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |  23700700 | PA      | $23700700.13  | 8.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Paychex Inc                            | PAYCHEX INC SR GLBL NT 5.1 Due 4/15/2030           | CUSIP: 704326AA5<br>LEI: 529900K900DW6SUBM174 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3087291.15   | 1.15%             | 2030-04-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                           | Oracle Corporation                                 | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |      7148 | NS      | $2010303.52   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| The Charles Schwab Corporation         | Charles Schwab Corp 5.875%, Due 08/24/2026         | CUSIP: 808513CG8<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |   3750000 | PA      | $3805407.86   | 1.41%             | 2026-08-24      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Occidental Petroleum Corp.             | OCCIDENTAL PETROLEUM CORP 5.0% DUE 08/01/2027      | CUSIP: 674599EH4<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2021116.00   | 0.75%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fairfax Financial Holdings Limited     | Fairfax Financial Holdings Ltd. (Canada)           | CUSIP: 303901102<br>LEI: GLS7OQD0WOEDI8YAP031 | Long             | EC               | CORP              | CA        |      2340 | NS      | $4090951.80   | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Amgen Inc.                             | Merck & Co., Inc. 4.5%, Due 05/17/2033             | CUSIP: 031162CT5<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |   2490000 | PA      | $2503289.80   | 0.93%             | 2033-05-17      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Elevance Health Inc.                   | Elevance Health, Inc.                              | CUSIP: 036752103<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | EC               | CORP              | US        |     10726 | NS      | $3465785.12   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Becton, Dickinson and Company          | Becton, Dickinson and Company                      | CUSIP: 075887109<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | EC               | CORP              | US        |     23020 | NS      | $4308653.40   | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookfield Corp.                       | Brookfield Corporation                             | CUSIP: 11271J107<br>LEI: C6J3FGIWG6MBDGTE8F80 | Long             | EC               | CORP              | CA        |     53688 | NS      | $3681923.04   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Pepsico Inc                            | PepsiCo, Inc.                                      | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |     14405 | NS      | $2023038.20   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Bristol-Myers Squibb Company           | Bristol-Myers Squibb Company 5.90%, Due 11/15/2033 | CUSIP: 110122DZ8<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3261217.50   | 1.21%             | 2033-11-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| L3 Harris Technologies Inc             | L3Harris Technologies, Inc.                        | CUSIP: 502431109<br>LEI: 549300UTE50ZMDBG8A20 | Long             | EC               | CORP              | US        |     18428 | NS      | $5628095.48   | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Bills           | U.S. Treasury Bill 0.000%, Due 10/16/2025          | CUSIP: 912797QF7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5000000 | PA      | $4991553.75   | 1.86%             | 2025-10-16      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MPLX LP                                | MPLX, L.P. 4.125%, Due 03/01/2027                  | CUSIP: 55336VAK6<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |   3250000 | PA      | $3246000.62   | 1.21%             | 2027-03-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Exxon Mobil Corp.                      | Exxon Mobil Corporation                            | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |     19361 | NS      | $2182952.75   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Farm Credit Banks              | FFCB 5.55% DUE 01/02/2035                          | CUSIP: 3133ERR52<br>LEI: 254900C5LP6DN9OP9V83 | Long             | DBT              | USGSE             | US        |   1000000 | PA      | $1003047.90   | 0.37%             | 2035-01-02      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| United Parcel Service, Inc.            | United Parcel Service, Inc. Class B                | CUSIP: 911312106<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | EC               | CORP              | US        |     26017 | NS      | $2173200.01   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Enbridge Inc.                          | Enbridge, Inc.                                     | CUSIP: 29250N105<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | EC               | CORP              | CA        |     60275 | NS      | $3041476.50   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| FedEx Corporation                      | FedEx Corporation                                  | CUSIP: 31428X106<br>LEI: 549300E707U7WNPZN687 | Long             | EC               | CORP              | US        |      7451 | NS      | $1757020.31   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Accenture PLC                          | Accenture plc Class A                              | CUSIP: G1151C101<br>LEI: 5493000EWHDSR3MZWH98 | Long             | EC               | CORP              | IE        |     11789 | NS      | $2907167.40   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackrock Inc.                         | BlackRock Incorporated 4.75%, Due 05/25/2033       | CUSIP: 09247XAT8<br>LEI: 529900VBK42Y5HHRMD23 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3065249.55   | 1.14%             | 2033-05-25      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Watsco Inc                             | Watsco, Inc.                                       | CUSIP: 942622200<br>LEI: 549300F1Y3LN5BX5WN75 | Long             | EC               | CORP              | US        |      7270 | NS      | $2939261.00   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Home Loan Banks                | FHLB 5.55% Due 9/12/2039                           | CUSIP: 3130B5GU6<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |   1500000 | PA      | $1489039.16   | 0.55%             | 2039-09-12      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| TE Connectivity PLC                    | TE Connectivity Ltd.                               | CUSIP: G87052109<br>LEI: 6367003TB6K484NFHE54 | Long             | EC               | CORP              | IE        |     20730 | NS      | $4550856.90   | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc.                             | Keurig Dr. Pepper, Inc. 5.05%, Due 03/15/2029      | CUSIP: 037833EV8<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2545341.48   | 0.95%             | 2029-03-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Federal Farm Credit Banks              | FFCB 5.26%, Due 11/14/2033                         | CUSIP: 3133ERA43<br>LEI: 254900C5LP6DN9OP9V83 | Long             | DBT              | USGSE             | US        |   5000000 | PA      | $4990834.10   | 1.86%             | 2033-11-14      | Fixed         | 5.26%                 | No            |                  2 | On Loan: No      |
| Berkshire Hathaway Inc.                | Berkshire Hathaway, Inc. Class B                   | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |      6141 | NS      | $3087326.34   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                      | Johnson & Johnson                                  | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |     28470 | NS      | $5278907.40   | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International Inc.       | Philip Morris International, Inc.                  | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |     13175 | NS      | $2136985.00   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Inc.                         | Citigroup, Inc.                                    | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |     33536 | NS      | $3403904.00   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookfield Renewable Partners L P      | Brookfield Renewable Partners L.P.                 | CUSIP: G16258108<br>LEI: VA8DFMRI2GY8Y7V79H93 | Long             | EC               | CORP              | CA        |     76999 | NS      | $1985804.21   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Novo Nordisk A/S                       | Novo Nordisk A/S ADR                               | CUSIP: 670100205<br>LEI: 549300DAQ1CVT6CXN342 | Long             | EC               | CORP              | DK        |     37975 | NS      | $2107232.75   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Occidental Petroleum Corp.             | Occidental Petroleum Corp 5.55%, Due 10/01/2034    | CUSIP: 674599EL5<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3550662.01   | 1.32%             | 2034-10-01      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Brookfield Asset Management Ltd        | Brookfield Asset Management Ltd.                   | CUSIP: 113004105<br>LEI: 549300CZ84WPNJZKY093 | Long             | EC               | CORP              | CA        |     76217 | NS      | $4339795.98   | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Enterprise Products Partners L.P.      | Enterprise Products Partners L.P.                  | CUSIP: 293792107<br>LEI: K4CDIF4M54DJZ6TB4Q48 | Long             | EC               | CORP              | US        |     87000 | NS      | $2720490.00   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Ferguson Enterprises Inc               | Ferguson Enterprises, Inc. 4.35% Due 03/15/2031    | CUSIP: 31488VAB3<br>LEI: 2138003JYQMRP3SLX189 | Long             | DBT              | CORP              | US        |   3200000 | PA      | $3179420.80   | 1.18%             | 2031-03-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Fidelity National Financial, Inc.      | Fidelity National Financial, Inc.                  | CUSIP: 31620R303<br>LEI: 549300CAZYIH39SYQ287 | Long             | EC               | CORP              | US        |     39078 | NS      | $2363828.22   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| RICHMOND VA                            | Richmond VA TXBL SER B 4.8% Due 03/01/2033         | CUSIP: 76541VNL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2455000 | PA      | $2515238.34   | 0.93%             | 2033-03-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| BP Capital Markets America, Inc.       | BP Capital Markets America 4.812%, Due 02/13/2033  | CUSIP: 10373QBU3<br>LEI: 5493009NTB34VXE1T760 | Long             | DBT              | CORP              | US        |   2990000 | PA      | $3025261.40   | 1.12%             | 2033-02-13      | Fixed         | 4.81%                 | No            |                  2 | On Loan: No      |
| Markel Group Inc                       | Markel Group, Inc.                                 | CUSIP: 570535104<br>LEI: 549300SCNO12JLWIK605 | Long             | EC               | CORP              | US        |      1665 | NS      | $3182414.40   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookfield Infrastructure Partners LP  | Brookfield Infrastructure Partners, L.P.           | CUSIP: G16252101<br>LEI: 549300WEH5R2OODI7Y90 | Long             | EC               | CORP              | US        |     61867 | NS      | $2034805.63   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Norfolk Southern Corporation           | Norfolk Southern Corporation                       | CUSIP: 655844108<br>LEI: 54930036C8MWP850MI84 | Long             | EC               | CORP              | US        |     13517 | NS      | $4060641.97   | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Boardwalk Pipelines LP                 | Boardwalk Pipelines, L.P. 4.45%, Due 07/15/2027    | CUSIP: 096630AF5<br>LEI: 549300W6AQ2GHHCGL606 | Long             | DBT              | CORP              | US        |   2200000 | PA      | $2204817.56   | 0.82%             | 2027-07-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Johnson Controls International PLC     | Johnson Controls International plc                 | CUSIP: G51502105<br>LEI: 549300XQ6S1GYKGBL205 | Long             | EC               | CORP              | US        |     28026 | NS      | $3081458.70   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Bank of Canada                   | Royal Bank of Canada 5.00%, Due 05/02/2033         | CUSIP: 78016HZQ6<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3090751.95   | 1.15%             | 2033-05-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Comcast Corporation                    | Comcast Corporation Class A                        | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |    124487 | NS      | $3911381.54   | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo Bank, National Association | Wells Fargo Bank 4.811% DUE 01/15/2026             | CUSIP: 94988J6H5<br>LEI: KB1H1DSPRFMYMCUFXT09 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2503605.68   | 0.93%             | 2026-01-15      | Fixed         | 4.81%                 | No            |                  2 | On Loan: No      |
| Waste Management, Inc.                 | Waste Management, Inc. 4.875%, due 02/15/29        | CUSIP: 94106LBV0<br>LEI: 549300YX8JIID70NFS41 | Long             | DBT              | CORP              | US        |   1995000 | PA      | $2048834.46   | 0.76%             | 2029-02-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                           | Oracle Corporation 5.8% due 11/10/2025             | CUSIP: 68389XCF0<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   2990000 | PA      | $2994218.83   | 1.11%             | 2025-11-10      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Alexandria Real Estate Equities, Inc.  | Alexandria Real Estate Equities, Inc. REIT         | CUSIP: 015271109<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | EC               | CORP              | US        |     29039 | NS      | $2420110.26   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Notes           | U.S. Treasury Notes 4.875%, Due 4/30/2026          | CUSIP: 91282CKK6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2500000 | PA      | $2514677.73   | 0.93%             | 2026-04-30      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| American Tower Corporation             | American Tower Corporation                         | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               | CORP              | US        |     22905 | NS      | $4405089.60   | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Home Loan Banks                | FHLB 5.25%, Due 03/20/2035                         | CUSIP: 3130B5GU6<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |   5000000 | PA      | $5019277.50   | 1.87%             | 2035-03-20      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Lowes Companies, Inc.                  | Lowe's Companies, Inc.                             | CUSIP: 548661107<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | EC               | CORP              | US        |     11344 | NS      | $2850860.64   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Oneok Inc.                             | Oneok, Inc. 5.550%, due 11/01/26                   | CUSIP: 682680BH5<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |   1995000 | PA      | $2020447.22   | 0.75%             | 2026-11-01      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes           | US TNOTE 3.875% DUE 08/15/2033                     | CUSIP: 91282CHT1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2000000 | PA      | $1983906.24   | 0.74%             | 2033-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| HP Inc                                 | HP, Inc.                                           | CUSIP: 40434L105<br>LEI: WHKXQACZ14C5XRO8LW03 | Long             | EC               | CORP              | US        |     81357 | NS      | $2215351.11   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Anheuser-Busch Inbev SA/NV             | Anheuser-Busch InBev S.A./N.V. ADR                 | CUSIP: 03524A108<br>LEI: 5493008H3828EMEXB082 | Long             | EC               | CORP              | BE        |     74741 | NS      | $4455311.01   | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International Inc.       | Phillip Morris INTL INC 5.375%, Due 02/15/2033     | CUSIP: 718172DB2<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |   2995000 | PA      | $3126511.02   | 1.16%             | 2033-02-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Kenvue Inc.                            | Kenvue, Inc.                                       | CUSIP: 49177J102<br>LEI: 5493008HSF8L4M2LIJ82 | Long             | EC               | CORP              | US        |    108000 | NS      | $1752840.00   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-09-30

**Name of Applicant:** Davenport Balanced Income Fund

**Signature:** Daniel D. Bauer

**Name of Signer:** Daniel D. Bauer

**Title:** VP, Fund Accounting