Davenport's Response to the COVID-19 Outbreak CLIENT LOGIN Menu Investment Strategies Our focus is on two areas — long term returns and risk management. We believe a consistent investment discipline combined with risk management leads to outperformance over a complete market cycle with lower volatility. We accomplish this through our equity, fixed income and asset allocation strategies. EQUITY STRATEGIES Davenport Core Core started in 1983 and was the first Davenport Asset Management portfolio. The strategy objective is long-term capital appreciation through high quality growth opportunities including market leaders that typically outperform in volatile markets. Available through: Separate Account Mutual Fund (Inception 1/15/1998) Davenport Value & Income Value & Income started in 2002. The strategy objective is capital appreciation with above average income through value opportunities and companies with meaningful dividends and dividend growth potential. Available through: Separate Account Mutual Fund (Inception 12/31/2010) Davenport Equity Opportunities Equity Opportunities started in 2003. The strategy objective is long-term capital appreciation through a concentrated and flexible approach. Available through: Separate Account Mutual Fund (Inception 12/31/2010) Davenport Small Cap Focus Small Cap started in 2015. The strategy objective is capital appreciation through smaller capitalization companies with significant upside potential via a concentrated approach. Available through: Mutual Fund (Inception 12/31/2014) Davenport Balanced Fund The Balanced strategy started in 2016. The strategy objective is a balance of current income and long-term moderate capital appreciation through a lower volatility investment option. Available through: Mutual Fund (Inception 12/31/2015) FIXED INCOME STRATEGIES Fixed Income Portfolios are managed to generate competitive returns by investing in investment grade securities within identified risk ranges. Our dynamic process takes advantage of opportunities created by secular and cyclical economic events. Available through: Separate Account ASSET ALLOCATION STRATEGIES Davenport FundAdvisor FundAdvisor was started in 2002 to help investors navigate the ever-expanding world of asset classes and mutual funds. It provides six professionally managed mutual fund portfolios designed to provide varying levels of risk and return to meet most investor’s risk tolerance and time horizon. Available through: Separate Account Mutual Fund investing involves risk, principal loss is possible. 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 STRATEGIES Corporate Headquarters: One James Center | 901 East Cary Street, Suite 1100 | Richmond, Virginia 23219 DIRECTIONS © 2021 DAVENPORT & COMPANY LLC MEMBER: NYSE | FINRA | SIPC ALL RIGHTS RESERVED