| DAVENPORT CORE FUND |
| SCHEDULE OF INVESTMENTS |
| December 31, 2022 (Unaudited) |
| |
| COMMON STOCKS - 97.0% | Shares | Value |
| Communications - 12.8% |
| Alphabet, Inc. - Class A (a) | 158,300 | $ 13,966,809 |
| Alphabet, Inc. - Class C (a) | 133,220 | 11,820,611 |
| Booking Holdings, Inc. (a) | 5,669 | 11,424,622 |
| Electronic Arts, Inc. | 126,000 | 15,394,680 |
| Meta Platforms, Inc. - Class A (a) | 75,713 | 9,111,302 |
| T-Mobile US, Inc. (a) | 112,620 | 15,766,800 |
| Walt Disney Company (The) (a) | 137,399 | 11,937,225 |
| | | 89,422,049 |
| Consumer Discretionary - 8.6% |
| Amazon.com, Inc. (a) | 225,300 | 18,925,200 |
| CarMax, Inc. (a) | 145,983 | 8,888,905 |
| Home Depot, Inc. (The) | 34,578 | 10,921,807 |
| TJX Companies, Inc. (The) | 270,918 | 21,565,073 |
| | | 60,300,985 |
| Consumer Staples - 3.0% |
| Constellation Brands, Inc. - Class A | 48,490 | 11,237,558 |
| Costco Wholesale Corporation | 20,970 | 9,572,805 |
| | | 20,810,363 |
| Energy - 4.7% |
| EOG Resources, Inc. | 71,335 | 9,239,309 |
| Pioneer Natural Resources Company | 104,493 | 23,865,156 |
| | | 33,104,465 |
| Financials - 15.0% |
| Aon plc - Class A | 47,135 | 14,147,099 |
| Bank of America Corporation | 281,855 | 9,335,038 |
| Berkshire Hathaway, Inc. - Class B (a) | 66,820 | 20,640,698 |
| Brookfield Asset Management Ltd. - Class A (a) | 135,522 | 3,885,416 |
| Brookfield Corporation | 527,590 | 16,597,981 |
| JPMorgan Chase & Company | 104,842 | 14,059,312 |
| Markel Corporation (a) | 19,823 | 26,116,604 |
| | | 104,782,148 |
| Health Care - 13.5% |
| Abbott Laboratories | 139,508 | 15,316,583 |
| Danaher Corporation | 99,675 | 26,455,739 |
| Johnson & Johnson | 141,102 | 24,925,668 |
| Novo Nordisk A/S - ADR | 90,703 | 12,275,744 |
| UnitedHealth Group, Inc. | 29,061 | 15,407,561 |
| | | 94,381,295 |
| Industrials - 5.1% |
| Honeywell International, Inc. | 85,081 | 18,232,858 |
| DAVENPORT CORE FUND |
| SCHEDULE OF INVESTMENTS (Continued) |
| |
| COMMON STOCKS - 97.0% (Continued) | Shares | Value |
| Industrials - 5.1% (Continued) |
| Union Pacific Corporation | 82,937 | $ 17,173,765 |
| | | 35,406,623 |
| Materials - 8.8% |
| Air Products & Chemicals, Inc. | 78,373 | 24,159,261 |
| Martin Marietta Materials, Inc. | 57,123 | 19,305,860 |
| Sherwin-Williams Company (The) | 75,615 | 17,945,708 |
| | | 61,410,829 |
| Real Estate - 2.4% |
| American Tower Corporation | 79,869 | 16,921,046 |
| | | |
| Technology - 23.1% |
| Accenture plc - Class A | 63,877 | 17,044,939 |
| Adobe, Inc. (a) | 58,570 | 19,710,562 |
| Apple, Inc. | 145,747 | 18,936,908 |
| Broadcom, Inc. | 28,113 | 15,718,822 |
| Intuit, Inc. | 26,985 | 10,503,102 |
| Mastercard, Inc. - Class A | 60,062 | 20,885,359 |
| Microsoft Corporation | 96,918 | 23,242,875 |
| Moody's Corporation | 37,574 | 10,468,868 |
| ServiceNow, Inc. (a) | 22,864 | 8,877,405 |
| Visa, Inc. - Class A | 78,539 | 16,317,262 |
| | | 161,706,102 |
| | | |
| Total Common Stocks (Cost $458,539,937) | $ 678,245,905 |
| | | |
| | | |
| MONEY MARKET FUNDS - 0.8% | Shares | Value |
| First American Treasury Obligations Fund - Class Z, 4.16% (b) (Cost $5,753,952) | 5,753,952 | $ 5,753,952 |
| | | |
| Total Investments at Value - 97.8% (Cost $464,293,889) | $ 683,999,857 |
| | |
| Other Assets in Excess of Liabilities - 2.2% | 15,122,286 |
| | |
| Net Assets - 100.0% | $ 699,122,143 |
| |
| DAVENPORT VALUE & INCOME FUND |
| SCHEDULE OF INVESTMENTS |
| December 31, 2022 (Unaudited) |
| |
| COMMON STOCKS - 96.3% | Shares | Value |
| Communications - 4.8% |
| Alphabet, Inc. - Class A (a) | 173,065 | $ 15,269,525 |
| Comcast Corporation - Class A | 660,148 | 23,085,375 |
| | | 38,354,900 |
| Consumer Discretionary - 6.4% |
| Cannae Holdings, Inc. (a) | 515,540 | 10,645,901 |
| Lowe's Companies, Inc. | 93,313 | 18,591,682 |
| McDonald's Corporation | 83,188 | 21,922,534 |
| | | 51,160,117 |
| Consumer Staples - 13.2% |
| Bunge Ltd. | 169,735 | 16,934,461 |
| Diageo plc - ADR | 93,450 | 16,651,855 |
| Kraft Heinz Company (The) | 335,010 | 13,638,257 |
| Philip Morris International, Inc. | 202,763 | 20,521,643 |
| Sysco Corporation | 174,159 | 13,314,456 |
| Target Corporation | 75,015 | 11,180,236 |
| Walmart, Inc. | 95,166 | 13,493,587 |
| | | 105,734,495 |
| Energy - 8.0% |
| Chevron Corporation | 125,492 | 22,524,559 |
| Coterra Energy, Inc. | 990,636 | 24,339,927 |
| Enbridge, Inc. | 433,180 | 16,937,338 |
| | | 63,801,824 |
| Financials - 23.0% |
| Berkshire Hathaway, Inc. - Class B (a) | 100,068 | 30,911,005 |
| Brookfield Asset Management Ltd. - Class A (a) | 321,630 | 9,221,132 |
| Brookfield Corporation | 641,892 | 20,193,922 |
| Capital One Financial Corporation | 128,585 | 11,953,262 |
| Citigroup, Inc. | 211,627 | 9,571,889 |
| Fairfax Financial Holdings Ltd. | 54,415 | 32,329,040 |
| Fidelity National Financial, Inc. | 346,344 | 13,029,461 |
| JPMorgan Chase & Company | 138,488 | 18,571,241 |
| Markel Corporation (a) | 17,818 | 23,475,037 |
| Wells Fargo & Company | 340,290 | 14,050,574 |
| | | 183,306,563 |
| Health Care - 11.7% |
| Elevance Health, Inc. | 35,226 | 18,069,881 |
| Johnson & Johnson | 206,662 | 36,506,842 |
| Medtronic plc | 265,903 | 20,665,981 |
| Perrigo Company plc | 524,618 | 17,884,228 |
| | | 93,126,932 |
| DAVENPORT VALUE & INCOME FUND |
| SCHEDULE OF INVESTMENTS (Continued) |
| |
| COMMON STOCKS - 96.3% (Continued) | Shares | Value |
| Industrials - 14.9% |
| 3M Company | 113,515 | $ 13,612,719 |
| Deere & Company | 38,997 | 16,720,354 |
| L3Harris Technologies, Inc. | 62,510 | 13,015,207 |
| Norfolk Southern Corporation | 74,214 | 18,287,814 |
| TE Connectivity Ltd. | 151,609 | 17,404,713 |
| United Parcel Service, Inc. - Class B | 111,010 | 19,297,978 |
| Watsco, Inc. | 83,032 | 20,708,181 |
| | | 119,046,966 |
| Real Estate - 9.9% |
| Crown Castle, Inc. | 122,339 | 16,594,062 |
| Digital Realty Trust, Inc. | 108,085 | 10,837,683 |
| Gaming and Leisure Properties, Inc. | 306,477 | 15,964,387 |
| Lamar Advertising Company - Class A | 244,472 | 23,078,157 |
| SL Green Realty Corporation | 376,157 | 12,684,014 |
| | | 79,158,303 |
| Technology - 2.2% |
| QUALCOMM, Inc. | 160,725 | 17,670,106 |
| | | |
| Utilities - 2.2% |
| NextEra Energy, Inc. | 209,541 | 17,517,628 |
| | | |
| Total Common Stocks (Cost $643,552,537) | $ 768,877,834 |
| | | |
| | | |
| MONEY MARKET FUNDS - 3.6% | Shares | Value |
| First American Treasury Obligations Fund - Class Z, 4.16% (b) (Cost $28,967,716) | 28,967,716 | $ 28,967,716 |
| | | |
| Total Investments at Value - 99.9% (Cost $672,520,253) | $ 797,845,550 |
| | |
| Other Assets in Excess of Liabilities - 0.1% | 492,233 |
| | |
| Net Assets - 100.0% | $ 798,337,783 |
| |
| DAVENPORT EQUITY OPPORTUNITIES FUND |
| SCHEDULE OF INVESTMENTS |
| December 31, 2022 (Unaudited) |
| |
| COMMON STOCKS - 95.5% | Shares | Value |
| Communications - 7.4% |
| DISH Network Corporation - Class A (a) | 1,175,074 | $ 16,498,039 |
| Take-Two Interactive Software, Inc. (a) | 285,371 | 29,715,682 |
| | | 46,213,721 |
| Consumer Discretionary - 21.0% |
| Cannae Holdings, Inc. (a) | 1,018,253 | 21,026,924 |
| DraftKings Inc. - Class A (a) | 1,433,904 | 16,332,167 |
| Etsy, Inc. (a) | 87,791 | 10,515,606 |
| Live Nation Entertainment, Inc. (a) | 266,689 | 18,598,891 |
| Mobileye Global, Inc. - Class A (a) | 267,645 | 9,383,634 |
| O'Reilly Automotive, Inc. (a) | 47,142 | 39,789,262 |
| Pool Corporation | 47,361 | 14,318,651 |
| | | 129,965,135 |
| Energy - 2.0% |
| Coterra Energy, Inc. | 501,661 | 12,325,811 |
| | | |
| Financials - 24.4% |
| Brookfield Asset Management Ltd. - Class A (a) | 450,370 | 12,912,108 |
| Brookfield Corporation | 924,295 | 29,078,321 |
| Fairfax Financial Holdings Ltd. | 80,192 | 47,643,671 |
| Fidelity National Financial, Inc. | 516,896 | 19,445,627 |
| Markel Corporation (a) | 31,953 | 42,097,758 |
| | | 151,177,485 |
| Industrials - 13.7% |
| Enovis Corporation (a) | 209,524 | 11,213,724 |
| ESAB Corporation | 209,524 | 9,830,866 |
| Evoqua Water Technologies Corporation (a) | 565,052 | 22,376,059 |
| Watsco, Inc. | 88,909 | 22,173,905 |
| Xylem, Inc. | 176,563 | 19,522,571 |
| | | 85,117,125 |
| Materials - 7.4% |
| Martin Marietta Materials, Inc. | 71,088 | 24,025,612 |
| Sherwin-Williams Company (The) | 91,710 | 21,765,534 |
| | | 45,791,146 |
| Real Estate - 7.8% |
| American Tower Corporation | 117,804 | 24,957,956 |
| Lamar Advertising Company - Class A | 248,061 | 23,416,958 |
| | | 48,374,914 |
| Technology - 11.8% |
| Alight, Inc. - Class A (a) | 3,087,455 | 25,811,124 |
| Autodesk, Inc. (a) | 72,539 | 13,555,363 |
| DAVENPORT EQUITY OPPORTUNITIES FUND |
| SCHEDULE OF INVESTMENTS (Continued) |
| |
| COMMON STOCKS - 95.5% (Continued) | Shares | Value |
| Technology - 11.8% (Continued) |
| Black Knight, Inc. (a) | 340,534 | $ 21,027,974 |
| PTC, Inc. (a) | 105,431 | 12,655,937 |
| | | 73,050,398 |
| | | |
| Total Common Stocks (Cost $540,776,876) | $ 592,015,735 |
| | | |
| | | |
| MONEY MARKET FUNDS - 4.6% | Shares | Value |
| First American Treasury Obligations Fund - Class Z, 4.16% (b) (Cost $28,237,539) | 28,237,539 | $ 28,237,539 |
| | | |
| Total Investments at Value - 100.1% (Cost $569,014,415) | $ 620,253,274 |
| | |
| Liabilities in Excess of Other Assets - (0.1%) | (565,744 ) |
| | |
| Net Assets - 100.0% | $ 619,687,530 |
| |
| DAVENPORT SMALL CAP FOCUS FUND |
| SCHEDULE OF INVESTMENTS |
| December 31, 2022 (Unaudited) |
| |
| COMMON STOCKS - 86.6% | Shares | Value |
| Communications - 6.1% |
| Liberty Latin America Ltd. - Class C (a) | 2,491,909 | $ 18,938,509 |
| Shenandoah Telecommunications Company | 881,656 | 14,000,697 |
| | | 32,939,206 |
| Consumer Discretionary - 17.1% |
| Cannae Holdings, Inc. (a) | 1,079,369 | 22,288,970 |
| DraftKings Inc. - Class A (a) | 1,274,372 | 14,515,097 |
| Monarch Casino & Resort, Inc. (a) | 572,014 | 43,982,156 |
| OneSpaWorld Holdings Ltd. (a) | 1,231,557 | 11,490,427 |
| | | 92,276,650 |
| Consumer Staples - 7.4% |
| J & J Snack Foods Corporation | 164,375 | 24,608,581 |
| Seaboard Corporation | 4,024 | 15,191,445 |
| | | 39,800,026 |
| Energy - 3.4% |
| Peyto Exploration & Development Corporation | 1,809,254 | 18,563,127 |
| | | |
| Financials - 13.4% |
| Diamond Hill Investment Group, Inc. | 99,404 | 18,391,728 |
| Kinsale Capital Group, Inc. | 75,314 | 19,696,117 |
| Live Oak Bancshares, Inc. | 145,905 | 4,406,331 |
| Stewart Information Services Corporation | 432,961 | 18,500,424 |
| TowneBank | 360,677 | 11,123,279 |
| | | 72,117,879 |
| Health Care - 4.5% |
| Perrigo Company plc | 710,235 | 24,211,911 |
| | | |
| Industrials - 8.5% |
| Enovis Corporation (a) | 299,545 | 16,031,649 |
| ESAB Corporation | 252,078 | 11,827,500 |
| Evoqua Water Technologies Corporation (a) | 458,319 | 18,149,432 |
| | | 46,008,581 |
| Materials - 4.8% |
| NewMarket Corporation | 82,681 | 25,722,886 |
| | | |
| Real Estate - 9.3% |
| FRP Holdings, Inc. (a) | 127,904 | 6,888,909 |
| Janus International Group, Inc. (a) | 2,199,750 | 20,941,620 |
| Lamar Advertising Company - Class A | 191,321 | 18,060,702 |
| Radius Global Infrastructure, Inc. - Class A (a) | 337,474 | 3,988,943 |
| | | 49,880,174 |
| DAVENPORT SMALL CAP FOCUS FUND |
| SCHEDULE OF INVESTMENTS (Continued) |
| |
| COMMON STOCKS - 86.6% (Continued) | Shares | Value |
| Technology - 12.1% |
| Alight, Inc. - Class A (a) | 3,437,806 | $ 28,740,058 |
| Avid Technology, Inc. (a) | 569,571 | 15,144,893 |
| Verra Mobility Corporation (a) | 1,536,434 | 21,248,882 |
| | | 65,133,833 |
| | | |
| Total Common Stocks (Cost $478,831,530) | $ 466,654,273 |
| | | |
| | | |
| EXCHANGE-TRADED FUNDS - 3.4% | Shares | Value |
| ALPS Medical Breakthroughs ETF (a) | 600,000 | $ 18,228,000 |
| (Cost $18,633,960) | | |
| | | |
| | | |
| MONEY MARKET FUNDS - 10.1% | Shares | Value |
| First American Treasury Obligations Fund - Class Z, 4.16% (b) (Cost $54,519,260) | 54,519,260 | $ 54,519,260 |
| | | |
| Total Investments at Value - 100.1% (Cost $551,984,750) | $ 539,401,533 |
| | |
| Liabilities in Excess of Other Assets - (0.1%) | (240,362 ) |
| | |
| Net Assets - 100.0% | $ 539,161,171 |
| |
| DAVENPORT BALANCED INCOME FUND |
| SCHEDULE OF INVESTMENTS |
| December 31, 2022 (Unaudited) |
| |
| COMMON STOCKS - 55.7% | Shares | Value |
| Communications - 2.8% |
| Alphabet, Inc. - Class A (a) | 23,040 | $ 2,032,819 |
| AT&T, Inc. | 50,749 | 934,289 |
| Comcast Corporation - Class A | 88,029 | 3,078,374 |
| | | 6,045,482 |
| Consumer Discretionary - 3.6% |
| Cannae Holdings, Inc. (a) | 117,411 | 2,424,537 |
| Lowe's Companies, Inc. | 12,587 | 2,507,834 |
| McDonald's Corporation | 11,056 | 2,913,588 |
| | | 7,845,959 |
| Consumer Staples - 7.1% |
| Bunge Ltd. | 23,009 | 2,295,608 |
| Diageo plc - ADR | 12,545 | 2,235,393 |
| Ingredion, Inc. | 13,155 | 1,288,269 |
| Kraft Heinz Company (The) | 45,515 | 1,852,916 |
| Philip Morris International, Inc. | 27,471 | 2,780,340 |
| Sysco Corporation | 23,135 | 1,768,671 |
| Target Corporation | 10,007 | 1,491,443 |
| Walmart, Inc. | 12,557 | 1,780,457 |
| | | 15,493,097 |
| Energy - 4.9% |
| Chevron Corporation | 16,932 | 3,039,125 |
| Coterra Energy, Inc. | 132,019 | 3,243,707 |
| Enbridge, Inc. | 57,275 | 2,239,452 |
| Enterprise Products Partners, L.P. | 87,000 | 2,098,440 |
| | | 10,620,724 |
| Financials - 13.5% |
| Berkshire Hathaway, Inc. - Class B (a) | 13,379 | 4,132,773 |
| Brookfield Asset Management Ltd. - Class A (a) | 61,650 | 1,767,506 |
| Brookfield Corporation | 84,137 | 2,646,950 |
| Capital One Financial Corporation | 16,976 | 1,578,089 |
| Citigroup, Inc. | 27,793 | 1,257,077 |
| Diamond Hill Investment Group, Inc. | 11,715 | 2,167,509 |
| Fairfax Financial Holdings Ltd. | 7,238 | 4,300,241 |
| Fidelity National Financial, Inc. | 46,907 | 1,764,641 |
| JPMorgan Chase & Company | 18,345 | 2,460,065 |
| Markel Corporation (a) | 2,366 | 3,117,181 |
| Stewart Information Services Corporation | 50,417 | 2,154,318 |
| Wells Fargo & Company | 45,275 | 1,869,405 |
| | | 29,215,755 |
| DAVENPORT BALANCED INCOME FUND |
| SCHEDULE OF INVESTMENTS (Continued) |
| |
| COMMON STOCKS - 55.7% (Continued) | Shares | Value |
| Health Care - 6.4% |
| Elevance Health, Inc. | 4,673 | $ 2,397,109 |
| Johnson & Johnson | 27,374 | 4,835,617 |
| Medtronic plc | 35,449 | 2,755,096 |
| Perrigo Company plc | 116,716 | 3,978,849 |
| | | 13,966,671 |
| Industrials - 7.3% |
| 3M Company | 15,092 | 1,809,832 |
| Deere & Company | 5,099 | 2,186,247 |
| L3Harris Technologies, Inc. | 8,270 | 1,721,897 |
| Norfolk Southern Corporation | 9,678 | 2,384,853 |
| TE Connectivity Ltd. | 19,630 | 2,253,524 |
| United Parcel Service, Inc. - Class B | 14,971 | 2,602,559 |
| Watsco, Inc. | 11,245 | 2,804,503 |
| | | 15,763,415 |
| Materials - 0.9% |
| NewMarket Corporation | 6,465 | 2,011,326 |
| | | |
| Real Estate - 5.2% |
| Crown Castle, Inc. | 16,385 | 2,222,461 |
| Digital Realty Trust, Inc. | 13,709 | 1,374,601 |
| Gaming and Leisure Properties, Inc. | 41,095 | 2,140,639 |
| Lamar Advertising Company - Class A | 32,689 | 3,085,842 |
| SL Green Realty Corporation | 74,437 | 2,510,016 |
| | | 11,333,559 |
| Technology - 1.1% |
| QUALCOMM, Inc. | 21,446 | 2,357,773 |
| | | |
| Utilities - 2.9% |
| Brookfield Infrastructure Partners, L.P. | 61,867 | 1,917,258 |
| Brookfield Renewable Partners, L.P. | 76,999 | 1,951,155 |
| NextEra Energy, Inc. | 28,278 | 2,364,041 |
| | | 6,232,454 |
| | | |
| Total Common Stocks (Cost $107,262,761) | $ 120,886,215 |
| | | |
| | | |
| FIXED RATE CORPORATE BONDS - 28.8% | Par Value | Value |
| Communications - 1.1% | | |
| Walt Disney Company (The), 3.350%, due 03/24/2025 | $ 2,505,000 | $ 2,427,799 |
| | | |
| DAVENPORT BALANCED INCOME FUND |
| SCHEDULE OF INVESTMENTS (Continued) |
| |
| FIXED RATE CORPORATE BONDS - 28.8% (Continued) | Par Value | Value |
| Consumer Discretionary - 2.7% | | |
| Amazon.com, Inc., 1.000%, due 05/12/2026 | $ 3,250,000 | $ 2,882,009 |
| General Motors Financial Company, Inc, 1.500%, due 06/10/2026 | 3,425,000 | 2,978,169 |
| | | 5,860,178 |
| Consumer Staples - 2.9% | | |
| Lowe's Companies, Inc., 4.400%, due 09/08/2025 | 1,525,000 | 1,503,416 |
| Walgreens Boots Alliance, Inc., 3.800%, due 11/18/2024 | 2,245,000 | 2,188,798 |
| Walmart, Inc., 1.050%, due 09/17/2026 | 2,835,000 | 2,513,668 |
| | | 6,205,882 |
| Energy - 2.8% | | |
| Boardwalk Pipelines, L.P., 4.450%, due 07/15/2027 | 2,200,000 | 2,095,484 |
| Halliburton Company, 3.800%, due 11/15/2025 | 937,000 | 912,212 |
| MPLX, L.P., 4.125%, due 03/01/2027 | 3,250,000 | 3,071,931 |
| | | 6,079,627 |
| Financials - 3.8% | | |
| American Express Company, 3.375%, due 05/03/2024 | 2,995,000 | 2,935,196 |
| BlackRock, Inc., 3.500%, due 03/18/2024 | 1,150,000 | 1,131,576 |
| Brookfield Finance, Inc., 4.000%, due 04/01/2024 | 2,000,000 | 1,969,573 |
| Citigroup, Inc., 3.300%, due 04/27/2025 | 2,250,000 | 2,180,229 |
| | | 8,216,574 |
| Health Care - 5.8% | | |
| Amgen, Inc., 2.200%, due 02/21/2027 | 2,400,000 | 2,156,326 |
| CVS Health Corporation, 3.000%, due 08/15/2026 | 2,600,000 | 2,431,563 |
| McKesson Corporation, 1.300%, due 08/15/2026 | 2,490,000 | 2,192,600 |
| Stryker Corporation, 1.150%, due 06/15/2025 | 2,990,000 | 2,736,262 |
| Zoetis, Inc., 5.400%, due 11/14/2025 | 2,990,000 | 3,052,383 |
| | | 12,569,134 |
| Industrials - 1.5% | | |
| Canadian Pacific Railway Ltd., 1.350%, due 12/02/2024 | 3,490,000 | 3,255,505 |
| | | |
| Materials - 1.0% | | |
| Sherwin-Williams Company (The), 3.450%, due 06/01/2027 | 2,400,000 | 2,249,135 |
| | | |
| Real Estate - 2.6% | | |
| American Tower Corporation, 1.450%, due 09/15/2026 | 2,990,000 | 2,612,258 |
| DAVENPORT BALANCED INCOME FUND |
| SCHEDULE OF INVESTMENTS (Continued) |
| |
| FIXED RATE CORPORATE BONDS - 28.8% (Continued) | Par Value | Value |
| Real Estate - 2.6% (Continued) | | |
| Public Storage, 1.500%, due 11/09/2026 | $ 3,490,000 | $ 3,102,661 |
| | | 5,714,919 |
| Technology - 3.5% | | |
| Fiserv, Inc., 3.200%, due 07/01/2026 | 2,325,000 | 2,178,435 |
| Oracle Corporation, 5.800%, due 11/10/2025 | 2,990,000 | 3,058,284 |
| PayPal Holdings, Inc., 2.400%, due 10/01/2024 | 2,400,000 | 2,301,163 |
| | | 7,537,882 |
| Utilities - 1.1% | | |
| Dominion Energy, Inc., 1.450%, due 04/15/2026 | 2,740,000 | 2,442,301 |
| | | |
| Total Fixed Rate Corporate Bonds (Cost $67,506,214) | $ 62,558,936 |
| | | |
| | | |
| VARIABLE RATE CORPORATE BONDS (b) - 4.5% | Par Value | Value |
| Consumer Discretionary - 0.6% | | |
| Starbucks Corporation, 3.157%, (SOFR + 42), due 02/14/2024 | $ 1,295,000 | $ 1,287,615 |
| | | |
| Financials - 3.0% | | |
| Charles Schwab Corporation (The), 3.837%, (SOFR + 50), due 03/18/2024 | 3,450,000 | 3,439,037 |
| Morgan Stanley, 5.023%, (SOFR + 116.5), due 04/17/2025 | 2,995,000 | 2,982,348 |
| | | 6,421,385 |
| Industrials - 0.9% | | |
| John Deere Capital Corporation, 3.636%, (SOFR + 56), due 03/07/2025 | 1,990,000 | 1,974,701 |
| | | |
| Total Variable Rate Corporate Bonds (Cost $9,738,644) | $ 9,683,701 |
| | | |
| | | |
| U.S. TREASURY OBLIGATIONS- 8.9% | Par Value | Value |
| U.S. Treasury Bills - 3.5% (c) |
| 4.655%, due 06/15/2023 | $ 1,795,000 | $ 1,758,815 |
| 3.259%, due 08/10/2023 | 3,990,000 | 3,882,380 |
| 4.046%, due 09/07/2023 | 2,000,000 | 1,939,931 |
| | | 7,581,126 |
| DAVENPORT BALANCED INCOME FUND |
| SCHEDULE OF INVESTMENTS (Continued) |
| |
| U.S. TREASURY OBLIGATIONS- 8.9% (Continued) | Par Value | Value |
| U.S. Treasury Notes - 5.4% |
| 4.383%, due 01/31/2024 (b) | $ 990,000 | $ 990,010 |
| 1.500%, due 02/29/2024 | 1,995,000 | 1,923,694 |
| 0.250%, due 06/15/2024 | 4,500,000 | 4,225,078 |
| 2.750%, due 06/30/2025 | 4,810,000 | 4,637,141 |
| | | 11,775,923 |
| | |
| Total U.S. Treasury Obligations (Cost $19,887,826) | $ 19,357,049 |
| | | |
| | | |
| MONEY MARKET FUNDS - 2.0% | Shares | Value |
| First American Treasury Obligations Fund - Class Z, 4.16% (d) (Cost $4,366,031) | 4,366,031 | $ 4,366,031 |
| | | |
| Total Investments at Value - 99.9% (Cost $208,761,476) | $ 216,851,932 |
| | |
| Other Assets in Excess of Liabilities - 0.1% | 282,130 |
| | |
| Net Assets - 100.0% | $ 217,134,062 |
| |
