Davenport's Response to the COVID-19 Outbreak CLIENT LOGIN Menu 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. Client portfolios are diversified by maturity and sector weightings based on economic trends and sector valuations, with the goal of controlling credit and maturity risk. Structural changes are implemented when economic events mandate either a more or less aggressive structure. Sector decisions are based on both absolute and relative sector values. Reallocations of portfolio assets are based on phases of economic cycles as well as unique factors influencing a sector’s value. STRATEGIES FIXED INCOME FACTSHEET 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