# EDGAR Filing Document

**Accession Number:** 0000842512
**File Stem:** 0001580642-25-007364
**Filing Date:** 2025-11
**Character Count:** 23914
**Document Hash:** 078ccf7f76797d0c24748bc85d8d9c5c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001580642-25-007364.hdr.sgml**: 20251120

**ACCESSION NUMBER**: 0001580642-25-007364

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20251120

**DATE AS OF CHANGE**: 20251120

**EFFECTIVENESS DATE**: 20251120

**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:** 497
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 033-25301
- **FILM NUMBER:** 251501529

**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

### Government Street Equity Fund (Series ID: S000001557)

---

|  |  |  |
|:---|:---|:---|
| Class Name                    | Ticker Symbol | Class ID   |
| Government Street Equity Fund | GVEQX         | C000004216 |

---

### Davenport Core Leaders Fund (Series ID: S000001559)

---

|  |  |  |
|:---|:---|:---|
| Class Name                  | Ticker Symbol | Class ID   |
| Davenport Core Leaders Fund | DAVPX         | C000004218 |

---

### Government Street Opportunities Fund (Series ID: S000001562)

---

|  |  |  |
|:---|:---|:---|
| Class Name                           | Ticker Symbol | Class ID   |
| Government Street Opportunities Fund | GVMCX         | C000004221 |

---

### Jamestown Equity Fund (Series ID: S000001564)

---

|  |  |  |
|:---|:---|:---|
| Class Name            | Ticker Symbol | Class ID   |
| Jamestown Equity Fund | JAMEX         | C000004223 |

---

### Davenport Value & Income Fund (Series ID: S000030554)

---

|  |  |  |
|:---|:---|:---|
| Class Name                    | Ticker Symbol | Class ID   |
| Davenport Value & Income Fund | DVIPX         | C000094748 |

---

### Davenport Equity Opportunities Fund (Series ID: S000030555)

---

|  |  |  |
|:---|:---|:---|
| Class Name                          | Ticker Symbol | Class ID   |
| Davenport Equity Opportunities Fund | DEOPX         | C000094749 |

---

### Davenport Small Cap Focus Fund (Series ID: S000047867)

---

|  |  |  |
|:---|:---|:---|
| Class Name                     | Ticker Symbol | Class ID   |
| Davenport Small Cap Focus Fund | DSCPX         | C000150331 |

---

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

---

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

---

### Davenport Insider Buying Fund (Series ID: S000082904)

---

|  |  |
|:---|:---|
| Class Name                    | Class ID   |
| Davenport Insider Buying Fund | C000246245 |

---

## Series and Classes Contracts Data

### Government Street Equity Fund (Series ID: S000001557)

| Class ID   | Class Name                    | Ticker Symbol   |
|:---|:---|:---|
| C000004216 | Government Street Equity Fund | GVEQX           |

### Davenport Core Leaders Fund (Series ID: S000001559)

| Class ID   | Class Name                  | Ticker Symbol   |
|:---|:---|:---|
| C000004218 | Davenport Core Leaders Fund | DAVPX           |

### Government Street Opportunities Fund (Series ID: S000001562)

| Class ID   | Class Name                           | Ticker Symbol   |
|:---|:---|:---|
| C000004221 | Government Street Opportunities Fund | GVMCX           |

### Jamestown Equity Fund (Series ID: S000001564)

| Class ID   | Class Name            | Ticker Symbol   |
|:---|:---|:---|
| C000004223 | Jamestown Equity Fund | JAMEX           |

### Davenport Value & Income Fund (Series ID: S000030554)

| Class ID   | Class Name                    | Ticker Symbol   |
|:---|:---|:---|
| C000094748 | Davenport Value & Income Fund | DVIPX           |

### Davenport Equity Opportunities Fund (Series ID: S000030555)

| Class ID   | Class Name                          | Ticker Symbol   |
|:---|:---|:---|
| C000094749 | Davenport Equity Opportunities Fund | DEOPX           |

### Davenport Small Cap Focus Fund (Series ID: S000047867)

| Class ID   | Class Name                     | Ticker Symbol   |
|:---|:---|:---|
| C000150331 | Davenport Small Cap Focus Fund | DSCPX           |

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

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

### Davenport Insider Buying Fund (Series ID: S000082904)

| Class ID   | Class Name                    | Ticker Symbol   |
|:---|:---|:---|
| C000246245 | Davenport Insider Buying Fund |  |

**November 20, 2025** 

**SUPPLEMENT TO STATEMENT OF ADDITIONAL INFORMATION**

**THE DAVENPORT FUNDS**

**DAVENPORT CORE LEADERS FUND – Ticker: DAVPX**

**DAVENPORT VALUE & INCOME FUND – Ticker: DVIPX**

**DAVENPORT EQUITY OPPORTUNITIES FUND – Ticker: DEOPX**

**DAVENPORT SMALL CAP FOCUS FUND – Ticker: DSCPX**

**DAVENPORT INSIDER BUYING FUND – Ticker: DBUYX**

**DAVENPORT BALANCED INCOME FUND – Ticker: DBALX**

**SERIES OF WILLIAMSBURG INVESTMENT TRUST**

**August 1, 2025**

On September 30, 2025, Mark Seger resigned from his position as Treasurer of the Trust and was succeeded by Angela Simmons. Subsequently, on November 18, 2025, Mr. Seger was elected to serve as an Interested Trustee of the Trust. The list of Trustees and officers of the Trust beginning on page 28 of the Statement of Additional Information, as well as the section titled "Qualifications of the Trustees" beginning on page 32 have been revised as follows:

**TRUSTEES AND OFFICERS**

Overall responsibility for the oversight of each series, or funds, of the Trust rests with the Board under the 1940 Act and laws of Massachusetts governing business trusts. The Trustees serve until their retirement at age 75 (or up to the age of 78 if the Board grants a waiver), subject to periodic review, and the officers are elected annually by the Trustees. The following is a list of the Trustees and executive officers of the Trust. John P. Ackerly, IV, as an affiliated person of an investment adviser to certain funds in the Trust, and Mark Seger, as an affiliated person of the administrator and distributor of the Trust, are "interested persons" of the Trust within the meaning of Section 2(a)(19) of the 1940 Act ("Interested Trustees"). The Trustees who are not affiliated with an investment adviser or the principal underwriter of the Trust are referred to as the "Independent Trustees."

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp; <br> Name, Address and Age | &nbsp;&nbsp; <br>Length of<br> Time Served | &nbsp;&nbsp; <br>Position(s) Held with Trust | &nbsp;&nbsp; <br> Principal Occupation(s)<br> and Directorships<br> of Various Companies<br> During Past 5 Years | &nbsp;&nbsp; Number of<br> Portfolios in Trust Overseen by Trustee |
| &nbsp;&nbsp;**Interested Trustees:** |  |  |  |  |
| &nbsp;&nbsp; Mark J. Seger<br> 225 Pictoria Drive, Suite 450<br> Cincinnati, OH 45246<br> Year of Birth: 1962 | &nbsp;&nbsp; Since<br> November<br> 2025 | &nbsp;&nbsp;Interested Trustee | &nbsp;&nbsp;Retired in 2025. Prior to retirement, he was a Managing Director and Co-CEO of Ultimus Fund Solutions, LLC and Ultimus Fund Distributors, LLC from 1999 until 2018 and Vice Chairman of Ultimus Fund Solutions, LLC from 2018 until 2025. He served as Treasurer of the Trust from November 2000 until September 2025. | &nbsp;&nbsp;9 |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Executive Officers:** |  |  |  |
| &nbsp;&nbsp; Angela A. Simmons<br> 225 Pictoria Drive, Suite 450<br> Cincinnati, OH 45246<br> Year of Birth: 1975 | &nbsp;&nbsp;Since September 2025 | &nbsp;&nbsp;Treasurer | &nbsp;&nbsp;Vice President – Financial Administration of Ultimus Fund Solutions, LLC since March 2022. She has worked at Ultimus in various capacities since January 2007. |

---

**<u>Leadership Structure and Qualifications of Trustees</u>**

The Board consists of six Trustees, four of whom are Independent Trustees. The Board is responsible for overseeing the operations of the Trust, its investment advisers and other service providers in accordance with the 1940 Act, other applicable federal and state laws, and the Trust's Agreement and Declaration of Trust. The Board has engaged the investment advisers to oversee the management of the funds on a day-to-day basis.

**Qualifications of the Trustees**. The Governance Committee reviews the experience, qualifications, attributes, and skills of potential candidates for nomination or election by the Board. In evaluating a candidate for nomination or election as a Trustee, the Committee takes into account the contribution that the candidate would be expected to make to the diverse mix of experience, qualifications, attributes and skills that the Committee believes contribute to good governance for the Trust. In addition, the Trustees are subject to periodic evaluation for their continued service on the Board. On a staggered three-year basis, members of the Governance Committee review the qualifications of each Trustee, evaluate his or her contributions to the Board and make a recommendation as to whether such Trustee should continue to serve on the Board. The Board has concluded, based on each Trustee's experience, qualifications, attributes, or skills on an individual basis and in combination with the other members of the Board, that each Trustee is qualified to serve on the Board. The Board believes that the Trustees' ability to review critically, evaluate, question and discuss information provided to them; to interact effectively with the investment advisers, other service providers, legal counsel and independent public accountants; and to exercise effective business judgment in the performance of their duties as Trustees, support this conclusion. In determining that a particular Trustee is and will continue to be qualified to serve as a Trustee, the Board considers a variety of criteria, none of which, in isolation, is controlling.

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Interested Trustees:** | &nbsp;&nbsp;**Interested Trustees:** |
| &nbsp;&nbsp; **Mr. Mark Seger**<br>| Mr. Seger is the co-founder of Ultimus Fund Solutions, LLC and Ultimus Fund Distributors, LLC. He served as the Managing Director of both firms from 1999 until 2018 and Vice Chairman of Ultimus Fund Solutions, LLC from 2018 until 2025. He has over 35 years of experience in the mutual fund services industry. Mr. Seger holds a B.S. degree from the University of Cincinnati and is a Certified Public Accountant (inactive). Prior to his retirement in 2025, Mr. Seger also served as an officer of other mutual fund clients of Ultimus Fund Solutions, LLC, including Treasurer of the Trust from 2000 until 2025, and a Trustee of Valued Advisers Trust. The Board concluded that Mr. Seger is suitable to serve as a Trustee because of his professional and investment experience, academic background, and service on other boards. |

---

**November 20, 2025** 

**SUPPLEMENT TO STATEMENT OF ADDITIONAL INFORMATION**

**THE GOVERNMENT STREET FUNDS**

**The Government Street Equity Fund – Ticker: GVEQX**

**The Government Street Opportunities Fund – Ticker: GVMCX**

**SERIES OF WILLIAMSBURG INVESTMENT TRUST**

**August 1, 2025**

On September 30, 2025, Mark Seger resigned from his position as Treasurer of the Trust and was succeeded by Angela Simmons. Subsequently, on November 18, 2025, Mr. Seger was elected to serve as an Interested Trustee of the Trust. The list of Trustees and officers of the Trust beginning on page 18 of the Statement of Additional Information, as well as the section titled "Qualifications of the Trustees" beginning on page 23 have been revised as follows:

**TRUSTEES AND OFFICERS**

Overall responsibility for the oversight of each series, or funds, of the Trust rests with the Board under the 1940 Act and laws of Massachusetts governing business trusts. The Trustees serve until their retirement at age 75 (or up to the age of 78 if the Board grants a waiver), subject to periodic review, and the officers are elected annually by the Trustees. The following is a list of the Trustees and executive officers of the Trust. John P. Ackerly, IV, as an affiliated person of an investment adviser to certain funds in the Trust, and Mark Seger, as an affiliated person of the administrator and distributor of the Trust, are "interested persons" of the Trust within the meaning of Section 2(a)(19) of the 1940 Act ("Interested Trustees"). The Trustees who are not affiliated with an investment adviser or the principal underwriter of the Trust are referred to as the "Independent Trustees."

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp; <br> Name, Address and Age | &nbsp;&nbsp; <br>Length of<br> Time Served | &nbsp;&nbsp; <br>Position(s) Held with Trust | &nbsp;&nbsp; <br> Principal Occupation(s)<br> and Directorships<br> of Various Companies<br> During Past 5 Years | &nbsp;&nbsp; Number of<br> Portfolios in Trust Overseen by Trustee |
| &nbsp;&nbsp;**Interested Trustees:** |  |  |  |  |
| &nbsp;&nbsp; Mark J. Seger<br> 225 Pictoria Drive, Suite 450<br> Cincinnati, OH 45246<br> Year of Birth: 1962 | &nbsp;&nbsp; Since<br> November<br> 2025 | &nbsp;&nbsp;Interested Trustee | &nbsp;&nbsp;Retired in 2025. Prior to retirement, he was a Managing Director and Co-CEO of Ultimus Fund Solutions, LLC and Ultimus Fund Distributors, LLC from 1999 until 2018 and Vice Chairman of Ultimus Fund Solutions, LLC from 2018 until 2025. He served as Treasurer of the Trust from November 2000 until September 2025. | &nbsp;&nbsp;9 |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Executive Officers:** |  |  |  |
| &nbsp;&nbsp; Angela A. Simmons<br> 225 Pictoria Drive, Suite 450<br> Cincinnati, OH 45246<br> Year of Birth: 1975 | &nbsp;&nbsp;Since September 2025 | &nbsp;&nbsp;Treasurer | &nbsp;&nbsp;Vice President – Financial Administration of Ultimus Fund Solutions, LLC since March 2022. She has worked at Ultimus in various capacities since January 2007. |

---

**<u>Leadership Structure and Qualifications of Trustees</u>**

The Board consists of six Trustees, four of whom are Independent Trustees. The Board is responsible for overseeing the operations of the Trust, its investment advisers and other service providers in accordance with the 1940 Act, other applicable federal and state laws, and the Trust's Agreement and Declaration of Trust. The Board has engaged the investment advisers to oversee the management of the funds on a day-to-day basis.

**Qualifications of the Trustees**. The Governance Committee reviews the experience, qualifications, attributes, and skills of potential candidates for nomination or election by the Board. In evaluating a candidate for nomination or election as a Trustee, the Committee takes into account the contribution that the candidate would be expected to make to the diverse mix of experience, qualifications, attributes and skills that the Committee believes contribute to good governance for the Trust. In addition, the Trustees are subject to periodic evaluation for their continued service on the Board. On a staggered three-year basis, members of the Governance Committee review the qualifications of each Trustee, evaluate his or her contributions to the Board and make a recommendation as to whether such Trustee should continue to serve on the Board. The Board has concluded, based on each Trustee's experience, qualifications, attributes, or skills on an individual basis and in combination with the other members of the Board, that each Trustee is qualified to serve on the Board. The Board believes that the Trustees' ability to review critically, evaluate, question and discuss information provided to them; to interact effectively with the investment advisers, other service providers, legal counsel and independent public accountants; and to exercise effective business judgment in the performance of their duties as Trustees, support this conclusion. In determining that a particular Trustee is and will continue to be qualified to serve as a Trustee, the Board considers a variety of criteria, none of which, in isolation, is controlling.

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Interested Trustees:** | &nbsp;&nbsp;**Interested Trustees:** |
| &nbsp;&nbsp; **Mr. Mark Seger**<br>| Mr. Seger is the co-founder of Ultimus Fund Solutions, LLC and Ultimus Fund Distributors, LLC. He served as the Managing Director of both firms from 1999 until 2018 and Vice Chairman of Ultimus Fund Solutions, LLC from 2018 until 2025. He has over 35 years of experience in the mutual fund services industry. Mr. Seger holds a B.S. degree from the University of Cincinnati and is a Certified Public Accountant (inactive). Prior to his retirement in 2025, Mr. Seger also served as an officer of other mutual fund clients of Ultimus Fund Solutions, LLC, including Treasurer of the Trust from 2000 until 2025, and a Trustee of Valued Advisers Trust. The Board concluded that Mr. Seger is suitable to serve as a Trustee because of his professional and investment experience, academic background, and service on other boards. |

---

**November 20, 2025** 

**SUPPLEMENT TO STATEMENT OF ADDITIONAL INFORMATION**

**THE JAMESTOWN EQUITY FUND - Ticker: JAMEX**

**Series of**

**WILLIAMSBURG INVESTMENT TRUST**

**August 1, 2025**

On September 30, 2025, Mark Seger resigned from his position as Treasurer of the Trust and was succeeded by Angela Simmons. Subsequently, on November 18, 2025, Mr. Seger was elected to serve as an Interested Trustee of the Trust. The list of Trustees and officers of the Trust beginning on page 17 of the Statement of Additional Information, as well as the section titled "Qualifications of the Trustees" beginning on page 21 have been revised as follows:

**TRUSTEES AND OFFICERS**

Overall responsibility for the oversight of each series, or funds, of the Trust rests with the Board under the 1940 Act and laws of Massachusetts governing business trusts. The Trustees serve until their retirement at age 75 (or up to the age of 78 if the Board grants a waiver), subject to periodic review, and the officers are elected annually by the Trustees. The following is a list of the Trustees and executive officers of the Trust. John P. Ackerly, IV, as an affiliated person of an investment adviser to certain funds in the Trust, and Mark Seger, as an affiliated person of the administrator and distributor of the Trust, are "interested persons" of the Trust within the meaning of Section 2(a)(19) of the 1940 Act ("Interested Trustees"). The Trustees who are not affiliated with an investment adviser or the principal underwriter of the Trust are referred to as the "Independent Trustees."

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp; <br> Name, Address and Age | &nbsp;&nbsp; <br>Length of<br> Time Served | &nbsp;&nbsp; <br>Position(s) Held with Trust | &nbsp;&nbsp; <br> Principal Occupation(s)<br> and Directorships<br> of Various Companies<br> During Past 5 Years | &nbsp;&nbsp; Number of<br> Portfolios in Trust Overseen by Trustee |
| &nbsp;&nbsp;**Interested Trustees:** |  |  |  |  |
| &nbsp;&nbsp; Mark J. Seger<br> 225 Pictoria Drive, Suite 450<br> Cincinnati, OH 45246<br> Year of Birth: 1962 | &nbsp;&nbsp; Since<br> November<br> 2025 | &nbsp;&nbsp;Interested Trustee | &nbsp;&nbsp; Retired in 2025. Prior to retirement, he was a Managing Director and Co-CEO of Ultimus Fund Solutions, LLC and Ultimus Fund Distributors, LLC from 1999 until 2018 and Vice Chairman of Ultimus Fund Solutions, LLC from 2018 until 2025. He served as Treasurer of the Trust from November 2000 until September 2025.<br>| &nbsp;&nbsp;9 |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Executive Officers:** |  |  |  |
| &nbsp;&nbsp; Angela A. Simmons<br> 225 Pictoria Drive, Suite 450<br> Cincinnati, OH 45246<br> Year of Birth: 1975 | &nbsp;&nbsp;Since September 2025 | &nbsp;&nbsp;Treasurer | &nbsp;&nbsp;Vice President – Financial Administration of Ultimus Fund Solutions, LLC since March 2022. She has worked at Ultimus in various capacities since January 2007. |

---

**<u>Leadership Structure and Qualifications of Trustees</u>**

The Board consists of six Trustees, four of whom are Independent Trustees. The Board is responsible for overseeing the operations of the Trust, its investment advisers and other service providers in accordance with the 1940 Act, other applicable federal and state laws, and the Trust's Agreement and Declaration of Trust. The Board has engaged the investment advisers to oversee the management of the funds on a day-to-day basis.

**Qualifications of the Trustees**. The Governance Committee reviews the experience, qualifications, attributes, and skills of potential candidates for nomination or election by the Board. In evaluating a candidate for nomination or election as a Trustee, the Committee takes into account the contribution that the candidate would be expected to make to the diverse mix of experience, qualifications, attributes and skills that the Committee believes contribute to good governance for the Trust. In addition, the Trustees are subject to periodic evaluation for their continued service on the Board. On a staggered three-year basis, members of the Governance Committee review the qualifications of each Trustee, evaluate his or her contributions to the Board and make a recommendation as to whether such Trustee should continue to serve on the Board. The Board has concluded, based on each Trustee's experience, qualifications, attributes, or skills on an individual basis and in combination with the other members of the Board, that each Trustee is qualified to serve on the Board. The Board believes that the Trustees' ability to review critically, evaluate, question and discuss information provided to them; to interact effectively with the investment advisers, other service providers, legal counsel and independent public accountants; and to exercise effective business judgment in the performance of their duties as Trustees, support this conclusion. In determining that a particular Trustee is and will continue to be qualified to serve as a Trustee, the Board considers a variety of criteria, none of which, in isolation, is controlling.

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Interested Trustees:** | &nbsp;&nbsp;**Interested Trustees:** |
| &nbsp;&nbsp; **Mr. Mark Seger**<br>| Mr. Seger is the co-founder of Ultimus Fund Solutions, LLC and Ultimus Fund Distributors, LLC. He served as the Managing Director of both firms from 1999 until 2018 and Vice Chairman of Ultimus Fund Solutions, LLC from 2018 until 2025. He has over 35 years of experience in the mutual fund services industry. Mr. Seger holds a B.S. degree from the University of Cincinnati and is a Certified Public Accountant (inactive). Prior to his retirement in 2025, Mr. Seger also served as an officer of other mutual fund clients of Ultimus Fund Solutions, LLC, including Treasurer of the Trust from 2000 until 2025, and a Trustee of Valued Advisers Trust. The Board concluded that Mr. Seger is suitable to serve as a Trustee because of his professional and investment experience, academic background, and service on other boards. |

---