| DAVENPORT CORE LEADERS FUND |
| SCHEDULE OF INVESTMENTS |
| December 31, 2023 (Unaudited) |
| |
| COMMON STOCKS - 96.9% | Shares | Value |
| Communications - 12.2% |
| Alphabet, Inc. - Class A (a) | 154,884 | $ 21,635,746 |
| Alphabet, Inc. - Class C (a) | 54,011 | 7,611,770 |
| Electronic Arts, Inc. | 124,226 | 16,995,359 |
| Meta Platforms, Inc. - Class A (a) | 100,693 | 35,641,294 |
| Walt Disney Company (The) | 294,330 | 26,575,056 |
| | | 108,459,225 |
| Consumer Discretionary - 7.7% |
| Amazon.com, Inc. (a) | 255,092 | 38,758,679 |
| Home Depot, Inc. (The) | 34,304 | 11,888,051 |
| TJX Companies, Inc. (The) | 189,595 | 17,785,907 |
| | | 68,432,637 |
| Consumer Staples - 2.1% |
| Costco Wholesale Corporation | 28,093 | 18,543,627 |
| | | |
| Energy - 2.5% |
| EOG Resources, Inc. | 184,565 | 22,323,137 |
| | | |
| Financials - 14.9% |
| Aon plc - Class A | 59,578 | 17,338,390 |
| Berkshire Hathaway, Inc. - Class B (a) | 66,368 | 23,670,811 |
| Brookfield Corporation | 951,791 | 38,185,855 |
| Intercontinental Exchange, Inc. | 149,247 | 19,167,792 |
| JPMorgan Chase & Company | 102,325 | 17,405,482 |
| Markel Group, Inc. (a) | 12,065 | 17,131,094 |
| | | 132,899,424 |
| Health Care - 11.5% |
| Abbott Laboratories | 178,474 | 19,644,633 |
| Danaher Corporation | 115,734 | 26,773,904 |
| Novo Nordisk A/S - ADR | 133,766 | 13,838,093 |
| UnitedHealth Group, Inc. | 42,433 | 22,339,701 |
| Vertex Pharmaceuticals, Inc. (a) | 48,396 | 19,691,848 |
| | | 102,288,179 |
| Industrials - 5.2% |
| Honeywell International, Inc. | 84,384 | 17,696,169 |
| Republic Services, Inc. | 78,202 | 12,896,292 |
| Union Pacific Corporation | 66,389 | 16,306,466 |
| | | 46,898,927 |
| Materials - 8.2% |
| Air Products & Chemicals, Inc. | 77,527 | 21,226,893 |
| Martin Marietta Materials, Inc. | 56,556 | 28,216,354 |
| DAVENPORT CORE LEADERS FUND |
| SCHEDULE OF INVESTMENTS (Continued) |
| |
| COMMON STOCKS - 96.9% (Continued) | Shares | Value |
| Materials - 8.2% (Continued) |
| Sherwin-Williams Company (The) | 75,910 | $ 23,676,329 |
| | | 73,119,576 |
| Real Estate - 1.9% |
| American Tower Corporation | 79,216 | 17,101,150 |
| | | |
| Technology - 30.7% |
| Accenture plc - Class A | 78,405 | 27,513,099 |
| Adobe, Inc. (a) | 42,429 | 25,313,141 |
| Advanced Micro Devices, Inc. (a) | 107,883 | 15,903,033 |
| Analog Devices, Inc. | 61,163 | 12,144,525 |
| Apple, Inc. | 100,802 | 19,407,409 |
| Broadcom, Inc. | 17,498 | 19,532,143 |
| Intuit, Inc. | 41,310 | 25,819,989 |
| Mastercard, Inc. - Class A | 59,798 | 25,504,445 |
| Microsoft Corporation | 112,531 | 42,316,157 |
| NVIDIA Corporation | 25,900 | 12,826,198 |
| Palo Alto Networks, Inc. (a) | 33,942 | 10,008,817 |
| ServiceNow, Inc. (a) | 23,539 | 16,630,068 |
| Visa, Inc. - Class A | 77,660 | 20,218,781 |
| | | 273,137,805 |
| | | |
| Total Common Stocks (Cost $509,697,398) | $ 863,203,687 |
| | | |
| | | |
| MONEY MARKET FUNDS - 3.0% | Shares | Value |
| First American Treasury Obligations Fund - Class X, 5.28% (b) (Cost $26,737,730) | 26,737,730 | $ 26,737,730 |
| | | |
| Total Investments at Value - 99.9% (Cost $536,435,128) | $ 889,941,417 |
| | |
| Other Assets in Excess of Liabilities - 0.1% | 545,229 |
| | |
| Net Assets - 100.0% | $ 890,486,646 |
| |
| DAVENPORT VALUE & INCOME FUND |
| SCHEDULE OF INVESTMENTS |
| December 31, 2023 (Unaudited) |
| |
| COMMON STOCKS - 98.7% | Shares | Value |
| Communications - 7.5% |
| Alphabet, Inc. - Class A (a) | 173,065 | $ 24,175,450 |
| Comcast Corporation - Class A | 558,833 | 24,504,827 |
| Walt Disney Company (The) | 140,690 | 12,702,900 |
| | | 61,383,177 |
| Consumer Discretionary - 5.5% |
| Lowe's Companies, Inc. | 111,807 | 24,882,648 |
| McDonald's Corporation | 68,935 | 20,439,917 |
| | | 45,322,565 |
| Consumer Staples - 14.5% |
| Anheuser-Busch InBev S.A./N.V. - ADR | 288,580 | 18,648,040 |
| Bunge Global S.A. | 128,040 | 12,925,638 |
| Diageo plc - ADR | 118,039 | 17,193,561 |
| Keurig Dr Pepper, Inc. | 606,274 | 20,201,049 |
| Philip Morris International, Inc. | 243,113 | 22,872,071 |
| Target Corporation | 105,859 | 15,076,439 |
| Walmart, Inc. | 71,766 | 11,313,910 |
| | | 118,230,708 |
| Energy - 6.9% |
| Chevron Corporation | 152,979 | 22,818,348 |
| Coterra Energy, Inc. | 712,573 | 18,184,863 |
| Enbridge, Inc. | 433,180 | 15,603,143 |
| | | 56,606,354 |
| Financials - 22.3% |
| Berkshire Hathaway, Inc. - Class B (a) | 68,463 | 24,418,013 |
| Brookfield Asset Management Ltd. - Class A | 433,924 | 17,430,727 |
| Brookfield Corporation | 641,892 | 25,752,707 |
| Chubb Ltd. | 52,899 | 11,955,174 |
| Fairfax Financial Holdings Ltd. | 26,227 | 24,148,812 |
| Fidelity National Financial, Inc. | 353,738 | 18,047,713 |
| JPMorgan Chase & Company | 138,488 | 23,556,809 |
| Markel Group, Inc. (a) | 14,598 | 20,727,700 |
| Wells Fargo & Company | 340,290 | 16,749,074 |
| | | 182,786,729 |
| Health Care - 16.1% |
| Bristol-Myers Squibb Company | 448,965 | 23,036,394 |
| Elevance Health, Inc. | 50,279 | 23,709,565 |
| Johnson & Johnson | 206,662 | 32,392,202 |
| Medtronic plc | 265,903 | 21,905,089 |
| Perrigo Company plc | 524,618 | 16,882,207 |
| DAVENPORT VALUE & INCOME FUND |
| SCHEDULE OF INVESTMENTS (Continued) |
| |
| COMMON STOCKS - 98.7% (Continued) | Shares | Value |
| Health Care - 16.1% (Continued) |
| Sanofi - ADR | 271,069 | $ 13,480,262 |
| | | 131,405,719 |
| Industrials - 15.5% |
| Deere & Company | 28,791 | 11,512,657 |
| L3Harris Technologies, Inc. | 123,059 | 25,918,687 |
| Norfolk Southern Corporation | 74,214 | 17,542,705 |
| RTX Corporation | 96,410 | 8,111,937 |
| TE Connectivity Ltd. | 151,609 | 21,301,065 |
| United Parcel Service, Inc. - Class B | 138,010 | 21,699,312 |
| Watsco, Inc. | 49,138 | 21,054,159 |
| | | 127,140,522 |
| Materials - 1.7% |
| Avery Dennison Corporation | 70,386 | 14,229,234 |
| | | |
| Real Estate - 2.7% |
| Lamar Advertising Company - Class A | 206,542 | 21,951,284 |
| | | |
| Technology - 2.7% |
| Oracle Corporation | 205,370 | 21,652,159 |
| | | |
| Utilities - 3.3% |
| NextEra Energy, Inc. | 440,662 | 26,765,810 |
| | | |
| Total Common Stocks (Cost $628,825,601) | $ 807,474,261 |
| | | |
| | | |
| MONEY MARKET FUNDS - 1.3% | Shares | Value |
| First American Treasury Obligations Fund - Class X, 5.28% (b) (Cost $10,672,413) | 10,672,413 | $ 10,672,413 |
| | | |
| Total Investments at Value - 100.0% (Cost $639,498,014) | $ 818,146,674 |
| | |
| Other Assets in Excess of Liabilities - 0.0% (c) | 202,169 |
| | |
| Net Assets - 100.0% | $ 818,348,843 |
| |
| DAVENPORT EQUITY OPPORTUNITIES FUND |
| SCHEDULE OF INVESTMENTS |
| December 31, 2023 (Unaudited) |
| |
| COMMON STOCKS - 95.5% | Shares | Value |
| Communications - 3.3% |
| Take-Two Interactive Software, Inc. (a) | 164,705 | $ 26,509,270 |
| | | |
| Consumer Discretionary - 22.9% |
| Cannae Holdings, Inc. (a) | 1,055,474 | 20,592,298 |
| DraftKings, Inc. - Class A (a) | 867,252 | 30,570,633 |
| Etsy, Inc. (a) | 166,245 | 13,474,157 |
| Live Nation Entertainment, Inc. (a) | 426,648 | 39,934,253 |
| Mobileye Global, Inc. - Class A (a) | 657,293 | 28,473,933 |
| O'Reilly Automotive, Inc. (a) | 28,692 | 27,259,695 |
| Pool Corporation | 56,391 | 22,483,655 |
| | | 182,788,624 |
| Financials - 23.7% |
| Allstate Corporation (The) | 160,075 | 22,407,299 |
| Brookfield Asset Management Ltd. - Class A | 450,587 | 18,100,080 |
| Brookfield Corporation | 1,035,707 | 41,552,565 |
| Fairfax Financial Holdings Ltd. | 33,467 | 30,815,125 |
| Fidelity National Financial, Inc. | 517,074 | 26,381,115 |
| Kinsale Capital Group, Inc. | 59,493 | 19,924,801 |
| Markel Group, Inc. (a) | 21,157 | 30,040,824 |
| | | 189,221,809 |
| Health Care - 4.8% |
| Align Technology, Inc. (a) | 51,772 | 14,185,528 |
| Avantor, Inc. (a) | 1,076,843 | 24,584,326 |
| | | 38,769,854 |
| Industrials - 18.7% |
| Clean Harbors, Inc. (a) | 66,442 | 11,594,793 |
| Enovis Corporation (a) | 609,131 | 34,123,519 |
| ESAB Corporation | 209,524 | 18,148,969 |
| J.B. Hunt Transport Services, Inc. | 110,027 | 21,976,793 |
| Watsco, Inc. | 62,426 | 26,747,668 |
| Xylem, Inc. | 322,702 | 36,904,201 |
| | | 149,495,943 |
| Materials - 7.7% |
| Martin Marietta Materials, Inc. | 74,590 | 37,213,697 |
| Sherwin-Williams Company (The) | 76,796 | 23,952,672 |
| | | 61,166,369 |
| Real Estate - 6.6% |
| American Tower Corporation | 122,433 | 26,430,836 |
| Lamar Advertising Company - Class A | 250,222 | 26,593,594 |
| | | 53,024,430 |
| DAVENPORT EQUITY OPPORTUNITIES FUND |
| SCHEDULE OF INVESTMENTS (Continued) |
| |
| COMMON STOCKS - 95.5% (Continued) | Shares | Value |
| Technology - 7.8% |
| Alight, Inc. - Class A (a) | 3,087,455 | $ 26,335,991 |
| Autodesk, Inc. (a) | 72,539 | 17,661,796 |
| PTC, Inc. (a) | 105,480 | 18,454,781 |
| | | 62,452,568 |
| | | |
| Total Common Stocks (Cost $543,379,795) | $ 763,428,867 |
| | | |
| | | |
| MONEY MARKET FUNDS - 4.4% | Shares | Value |
| First American Treasury Obligations Fund - Class X, 5.28% (b) (Cost $35,475,185) | 35,475,185 | $ 35,475,185 |
| | | |
| Total Investments at Value - 99.9% (Cost $578,854,980) | $ 798,904,052 |
| | |
| Other Assets in Excess of Liabilities - 0.1% | 690,691 |
| | |
| Net Assets - 100.0% | $ 799,594,743 |
| |
| DAVENPORT SMALL CAP FOCUS FUND |
| SCHEDULE OF INVESTMENTS |
| December 31, 2023 (Unaudited) |
| |
| COMMON STOCKS - 91.1% | Shares | Value |
| Communications - 7.5% |
| Cable One, Inc. | 29,654 | $ 16,505,120 |
| Liberty Latin America Ltd. - Class C (a) | 3,123,065 | 22,923,297 |
| Shenandoah Telecommunications Company | 856,996 | 18,528,254 |
| | | 57,956,671 |
| Consumer Discretionary - 18.2% |
| Cannae Holdings, Inc. (a) | 1,317,842 | 25,711,097 |
| DraftKings, Inc. - Class A (a) | 477,654 | 16,837,304 |
| Leslie's, Inc. (a) | 3,863,920 | 26,699,687 |
| Monarch Casino & Resort, Inc. | 614,799 | 42,513,351 |
| OneSpaWorld Holdings Ltd. (a) | 2,081,858 | 29,354,198 |
| | | 141,115,637 |
| Consumer Staples - 6.1% |
| J & J Snack Foods Corporation | 194,057 | 32,434,687 |
| Seaboard Corporation | 4,235 | 15,119,373 |
| | | 47,554,060 |
| Energy - 5.1% |
| California Resources Corporation | 420,000 | 22,965,600 |
| Peyto Exploration & Development Corporation | 1,805,208 | 16,463,497 |
| | | 39,429,097 |
| Financials - 11.2% |
| Diamond Hill Investment Group, Inc. | 102,730 | 17,011,061 |
| Kinsale Capital Group, Inc. | 95,560 | 32,003,999 |
| Stewart Information Services Corporation | 653,365 | 38,385,194 |
| | | 87,400,254 |
| Health Care - 5.0% |
| Envista Holdings Corporation (a) | 550,000 | 13,233,000 |
| Perrigo Company plc | 798,469 | 25,694,732 |
| | | 38,927,732 |
| Industrials - 8.1% |
| Enovis Corporation (a) | 601,213 | 33,679,952 |
| ESAB Corporation | 336,432 | 29,141,740 |
| | | 62,821,692 |
| Materials - 4.6% |
| NewMarket Corporation | 33,100 | 18,066,973 |
| Trex Company, Inc. (a) | 209,515 | 17,345,747 |
| | | 35,412,720 |
| Real Estate - 10.0% |
| FRP Holdings, Inc. (a) | 132,183 | 8,311,667 |
| Janus International Group, Inc. (a) | 2,894,015 | 37,766,896 |
| Lamar Advertising Company - Class A | 207,543 | 22,057,670 |
| DAVENPORT SMALL CAP FOCUS FUND |
| SCHEDULE OF INVESTMENTS (Continued) |
| |
| COMMON STOCKS - 91.1% (Continued) | Shares | Value |
| Real Estate - 10.0% (Continued) |
| Outfront Media, Inc. | 700,000 | $ 9,772,000 |
| | | 77,908,233 |
| Technology - 15.3% |
| Alight, Inc. - Class A (a) | 3,729,295 | 31,810,886 |
| DoubleVerify Holdings, Inc. (a) | 503,843 | 18,531,346 |
| HealthEquity, Inc. (a) | 414,902 | 27,508,003 |
| Verra Mobility Corporation (a) | 1,776,642 | 40,916,065 |
| | | 118,766,300 |
| | | |
| Total Common Stocks (Cost $623,511,319) | $ 707,292,396 |
| | | |
| | | |
| EXCHANGE-TRADED FUNDS - 2.8% | Shares | Value |
| ALPS Medical Breakthroughs ETF (Cost $20,662,458) | 670,000 | $ 22,070,604 |
| | | |
| | | |
| MONEY MARKET FUNDS - 6.0% | Shares | Value |
| First American Treasury Obligations Fund - Class X, 5.28% (b) (Cost $46,273,669) | 46,273,669 | $ 46,273,669 |
| | | |
| Total Investments at Value - 99.9% (Cost $690,447,446) | $ 775,636,669 |
| | |
| Other Assets in Excess of Liabilities - 0.1% | 1,030,215 |
| | |
| Net Assets - 100.0% | $ 776,666,884 |
| |
| DAVENPORT BALANCED INCOME FUND |
| SCHEDULE OF INVESTMENTS |
| December 31, 2023 (Unaudited) |
| |
| COMMON STOCKS - 59.5% | Shares | Value |
| Communications - 3.9% |
| Alphabet, Inc. - Class A (a) | 23,957 | $ 3,346,553 |
| Comcast Corporation - Class A | 81,516 | 3,574,477 |
| Walt Disney Company (The) | 20,518 | 1,852,570 |
| | | 8,773,600 |
| Consumer Discretionary - 3.0% |
| Lowe's Companies, Inc. | 16,702 | 3,717,030 |
| McDonald's Corporation | 10,298 | 3,053,460 |
| | | 6,770,490 |
| Consumer Staples - 9.5% |
| Anheuser-Busch InBev S.A./N.V. - ADR | 41,749 | 2,697,820 |
| Bunge Global S.A. | 18,643 | 1,882,011 |
| Diageo plc - ADR | 16,673 | 2,428,589 |
| Ingredion, Inc. | 13,155 | 1,427,712 |
| Kenvue, Inc. | 108,000 | 2,325,240 |
| Keurig Dr Pepper, Inc. | 90,870 | 3,027,788 |
| Philip Morris International, Inc. | 36,317 | 3,416,703 |
| Target Corporation | 15,566 | 2,216,910 |
| Walmart, Inc. | 10,383 | 1,636,880 |
| | | 21,059,653 |
| Energy - 4.8% |
| Chevron Corporation | 23,044 | 3,437,243 |
| Coterra Energy, Inc. | 104,220 | 2,659,694 |
| Enbridge, Inc. | 60,275 | 2,171,106 |
| Enterprise Products Partners, L.P. | 87,000 | 2,292,450 |
| | | 10,560,493 |
| Financials - 14.1% |
| Berkshire Hathaway, Inc. - Class B (a) | 10,227 | 3,647,562 |
| Brookfield Asset Management Ltd. - Class A | 63,956 | 2,569,112 |
| Brookfield Corporation | 90,137 | 3,616,296 |
| Chubb Ltd. | 7,902 | 1,785,852 |
| Diamond Hill Investment Group, Inc. | 11,715 | 1,939,887 |
| Fairfax Financial Holdings Ltd. | 3,925 | 3,613,989 |
| Fidelity National Financial, Inc. | 52,558 | 2,681,509 |
| JPMorgan Chase & Company | 19,077 | 3,244,998 |
| Markel Group, Inc. (a) | 2,169 | 3,079,763 |
| Stewart Information Services Corporation | 50,417 | 2,961,999 |
| Wells Fargo & Company | 47,098 | 2,318,164 |
| | | 31,459,131 |
| Health Care - 8.4% |
| Bristol-Myers Squibb Company | 67,292 | 3,452,752 |
| DAVENPORT BALANCED INCOME FUND |
| SCHEDULE OF INVESTMENTS (Continued) |
| |
| COMMON STOCKS - 59.5% (Continued) | Shares | Value |
| Health Care - 8.4% (Continued) |
| Elevance Health, Inc. | 7,333 | $ 3,457,949 |
| Johnson & Johnson | 28,470 | 4,462,388 |
| Medtronic plc | 36,857 | 3,036,280 |
| Perrigo Company plc | 73,853 | 2,376,590 |
| Sanofi - ADR | 38,300 | 1,904,659 |
| | | 18,690,618 |
| Industrials - 8.3% |
| Deere & Company | 4,232 | 1,692,250 |
| L3Harris Technologies, Inc. | 18,641 | 3,926,167 |
| Norfolk Southern Corporation | 10,378 | 2,453,152 |
| RTX Corporation | 14,063 | 1,183,261 |
| TE Connectivity Ltd. | 20,730 | 2,912,565 |
| United Parcel Service, Inc. - Class B | 20,707 | 3,255,761 |
| Watsco, Inc. | 7,109 | 3,045,993 |
| | | 18,469,149 |
| Materials - 1.0% |
| Avery Dennison Corporation | 10,567 | 2,136,225 |
| | | |
| Real Estate - 1.5% |
| Lamar Advertising Company - Class A | 30,806 | 3,274,062 |
| | | |
| Technology - 1.4% |
| Oracle Corporation | 29,711 | 3,132,431 |
| | | |
| Utilities - 3.6% |
| Brookfield Infrastructure Partners, L.P. | 61,867 | 1,948,192 |
| Brookfield Renewable Partners, L.P. | 76,999 | 2,023,534 |
| NextEra Energy, Inc. | 66,048 | 4,011,755 |
| | | 7,983,481 |
| | | |
| Total Common Stocks (Cost $106,566,195) | $ 132,309,333 |
| | | |
| | | |
| FIXED RATE CORPORATE BONDS - 29.4% | Par Value | Value |
| Communications - 4.1% | | |
| Meta Platforms, Inc., 4.950%, due 05/15/2033 | $ 4,990,000 | $ 5,161,873 |
| VeriSign, Inc., 5.250%, due 04/01/2025 | 3,950,000 | 3,951,034 |
| | | 9,112,907 |
| Consumer Discretionary - 0.7% | | |
| Lowe's Companies, Inc., 4.400%, due 09/08/2025 | 1,525,000 | 1,513,670 |
| | | |
| DAVENPORT BALANCED INCOME FUND |
| SCHEDULE OF INVESTMENTS (Continued) |
| |
| FIXED RATE CORPORATE BONDS - 29.4% (Continued) | Par Value | Value |
| Consumer Staples - 2.4% | | |
| Phillip Morris International, Inc., 5.375%, due 02/15/2033 | $ 2,995,000 | $ 3,075,337 |
| Walgreens Boots Alliance, Inc., 3.800%, due 11/18/2024 | 2,245,000 | 2,204,717 |
| | | 5,280,054 |
| Energy - 4.7% | | |
| Boardwalk Pipelines, L.P., 4.450%, due 07/15/2027 | 2,200,000 | 2,158,505 |
| BP Capital Markets America, 4.812%, due 02/13/2033 | 2,990,000 | 3,020,521 |
| MPLX, L.P., 4.125%, due 03/01/2027 | 3,250,000 | 3,182,710 |
| ONEOK, Inc., 5.550%, due 11/01/2026 | 1,995,000 | 2,030,535 |
| | | 10,392,271 |
| Financials - 7.9% | | |
| American Express Company, 3.375%, due 05/03/2024 | 2,995,000 | 2,972,081 |
| Bank of Montreal, 5.920%, due 09/25/2025 | 3,990,000 | 4,053,745 |
| BlackRock, Inc., 4.750%, due 05/25/2033 | 3,000,000 | 3,031,600 |
| Brookfield Finance, Inc., 4.000%, due 04/01/2024 | 530,000 | 527,529 |
| Charles Schwab Corporation, 5.875%, due 08/24/2026 | 3,750,000 | 3,846,959 |
| Royal Bank of Canada, 5.000%, due 05/02/2033 | 3,000,000 | 3,064,169 |
| | | 17,496,083 |
| Health Care - 3.9% | | |
| Bristol-Myers Squibb Company, 5.900%, due 11/15/2033 | 3,000,000 | 3,274,813 |
| Merck & Company, Inc., 4.500%, due 05/17/2033 | 2,490,000 | 2,512,759 |
| Zoetis, Inc., 5.400%, due 11/14/2025 | 2,990,000 | 3,014,729 |
| | | 8,802,301 |
| Industrials - 0.9% | | |
| Waste Management, Inc., 4.875%, due 02/15/2029 | 1,995,000 | 2,043,666 |
| | | |
| Technology - 3.5% | | |
| Apple, Inc., 4.300%, due 05/10/2033 | 2,490,000 | 2,533,429 |
| Fiserv, Inc., 3.200%, due 07/01/2026 | 2,325,000 | 2,238,843 |
| Oracle Corporation, 5.800%, due 11/10/2025 | 2,990,000 | 3,037,275 |
| | | 7,809,547 |
| DAVENPORT BALANCED INCOME FUND |
| SCHEDULE OF INVESTMENTS (Continued) |
| |
| FIXED RATE CORPORATE BONDS - 29.4% (Continued) | Par Value | Value |
| Utilities - 1.3% | | |
| NextEra Energy Capital Holdings, Inc., 6.051%, due 03/01/2025 | 2,995,000 | $ 3,022,050 |
| | | |
| Total Fixed Rate Corporate Bonds (Cost $64,780,712) | $ 65,472,549 |
| | | |
| | | |
| MUNICIPAL BONDS - 1.1% | Par Value | Value |
| Virginia - 1.1% | | |
| Richmond, VA, GO, Public Improvement Bonds | | |
| Series, 4.800%, due 03/01/2033 (Cost $2,538,708) | $ 2,455,000 | $ 2,494,361 |
| | | |
| | | |
| U.S. TREASURY OBLIGATIONS - 8.8% | Par Value | Value |
| U.S. Treasury Bills - 1.1% (b) |
| 5.500%, due 01/25/2024 | 2,490,000 | $ 2,481,612 |
| | | |
| U.S. Treasury Notes - 7.7% |
| 0.250%, due 06/15/2024 | 4,500,000 | 4,401,738 |
| 2.750%, due 06/30/2025 | 4,810,000 | 4,692,756 |
| 4.750%, due 07/31/2025 | 2,000,000 | 2,009,375 |
| 4.625%, due 09/15/2026 | 4,000,000 | 4,057,344 |
| 3.875%, due 08/15/2033 | 2,000,000 | 2,001,563 |
| | | 17,162,776 |
| | |
| Total U.S. Treasury Obligations (Cost $19,612,962) | $ 19,644,388 |
| | | |
| | | |
| DAVENPORT INSIDER BUYING FUND |
| SCHEDULE OF INVESTMENTS |
| December 31, 2023 (Unaudited) |
| |
| COMMON STOCKS - 94.3% | Shares | Value |
| Consumer Discretionary - 8.9% |
| Genuine Parts Company | 6,278 | $ 869,503 |
| NIKE, Inc. - Class B | 15,508 | 1,683,704 |
| Yum China Holdings, Inc. | 36,812 | 1,561,933 |
| | | 4,115,140 |
| Consumer Staples - 7.9% |
| Darling Ingredients, Inc. (a) | 18,308 | 912,471 |
| Kenvue, Inc. | 51,409 | 1,106,836 |
| Keurig Dr Pepper, Inc. | 49,133 | 1,637,111 |
| | | 3,656,418 |
| Energy - 3.5% |
| EOG Resources, Inc. | 13,551 | 1,638,993 |
| | | |
| Financials - 8.6% |
| American Express Company | 5,163 | 967,237 |
| Aon plc - Class A | 5,570 | 1,620,981 |
| Charles Schwab Corporation (The) | 20,048 | 1,379,302 |
| | | 3,967,520 |
| Health Care - 18.9% |
| Align Technology, Inc. (a) | 4,480 | 1,227,520 |
| Bristol-Myers Squibb Company | 35,975 | 1,845,877 |
| Charles River Laboratories International, Inc. (a) | 7,053 | 1,667,329 |
| DENTSPLY SIRONA, Inc. | 30,291 | 1,078,057 |
| Mettler-Toledo International, Inc. (a) | 797 | 966,729 |
| Perrigo Company plc | 23,067 | 742,296 |
| Zimmer Biomet Holdings, Inc. | 10,084 | 1,227,223 |
| | | 8,755,031 |
| Industrials - 15.8% |
| Amphenol Corporation - Class A | 13,524 | 1,340,634 |
| Deere & Company | 2,627 | 1,050,459 |
| Emerson Electric Company | 15,667 | 1,524,869 |
| FedEx Corporation | 2,725 | 689,343 |
| Graco, Inc. | 6,492 | 563,246 |
| Keysight Technologies, Inc. (a) | 9,585 | 1,524,878 |
| Toro Company (The) | 6,294 | 604,161 |
| | | 7,297,590 |
| Materials - 8.8% |
| Air Products & Chemicals, Inc. | 6,601 | 1,807,354 |
| Ball Corporation | 16,202 | 931,939 |
| Corteva, Inc. | 27,682 | 1,326,521 |
| | | 4,065,814 |
| DAVENPORT INSIDER BUYING FUND |
| SCHEDULE OF INVESTMENTS (Continued) |
| |
| COMMON STOCKS - 94.3% (Continued) | Shares | Value |
| Real Estate - 2.1% |
| Mid-America Apartment Communities, Inc. | 7,148 | $ 961,120 |
| | | |
| Technology - 14.4% |
| Genpact Ltd. | 33,071 | 1,147,894 |
| Mastercard, Inc. - Class A | 3,870 | 1,650,594 |
| Maximus, Inc. | 13,730 | 1,151,398 |
| TransUnion | 17,886 | 1,228,947 |
| Zebra Technologies Corporation - Class A (a) | 5,516 | 1,507,688 |
| | | 6,686,521 |
| Utilities - 5.4% |
| American Water Works Company, Inc. | 5,276 | 696,379 |
| NextEra Energy, Inc. | 29,936 | 1,818,313 |
| | | 2,514,692 |
| | | |
| Total Common Stocks (Cost $41,368,643) | $ 43,658,839 |
| | | |
| | | |
| EXCHANGE-TRADED FUNDS - 3.2% | Shares | Value |
| iShares Core S&P 500 ETF (Cost $1,443,831) | 3,109 | $ 1,484,952 |
| | | |
| | | |
| MONEY MARKET FUNDS - 7.5% | Shares | Value |
| First American Treasury Obligations Fund - Class X, 5.28% (b) (Cost $3,489,798) | 3,489,798 | $ 3,489,798 |
| | | |
| Total Investments at Value - 105.0% (Cost $46,302,272) | $ 48,633,589 |
| | |
| Liabilities in Excess of Other Assets - (5.0%) | (2,327,640 ) |
| | |
| Net Assets - 100.0% | $ 46,305,949 |
| |
