Davenport Core Leaders Fund
Name
As of 12/20/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
21.5%
1 yr return
22.0%
3 Yr Avg Return
7.3%
5 Yr Avg Return
11.3%
Net Assets
$970 M
Holdings in Top 10
39.9%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.87%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 20.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$5,000
IRA
$2,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/20/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
DAVPX - Profile
Distributions
- YTD Total Return 21.5%
- 3 Yr Annualized Total Return 7.3%
- 5 Yr Annualized Total Return 11.3%
- Capital Gain Distribution Frequency Semi-Annually
- Net Income Ratio 0.04%
- Dividend Yield 0.1%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameDavenport Core Leaders Fund
-
Fund Family NameDavenport
-
Inception DateFeb 13, 1998
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMichael Beall
Fund Description
Under normal circumstances, the Core Leaders Fund will invest at least 80% of its net assets in common stocks. Davenport & Company LLC (the “Adviser”) will generally invest in common stocks of market-leading companies that show strong capital appreciation potential, have strong and focused management, solid balance sheets and a history of proven results. In determining whether a company has the potential for appreciation, the Adviser will focus on several criteria, including, among other things:
| ● | Market Leadership: The company possesses a distinct competitive advantage as reflected by its commanding and/or growing market share. |
| ● | Above Average Earnings Growth: The company has a favorable 3 to 5 year earnings per share trajectory versus the broader market as measured by companies in the S&P 500® Index. |
| ● | Capital Allocation: The company has demonstrated its proficiency in deploying its free cash flow and/or the potential for strong returns on invested capital. |
| ● | Financial Strength: The company has a strong balance sheet and reasonable valuation levels. |
| ● | Disciplined Management: The company has a sound and talented management team that is aligned with its shareholders. |
The Adviser attempts to control risk through diversification among major market sectors, but at times, may emphasize a particular business sector. The Adviser does not limit the Fund to any particular capitalization requirement. At any time, the Fund may invest a portion of its assets in small, unseasoned companies.
The Fund may invest in shares of exchange traded funds (“ETFs”) to increase the Fund’s exposure to the broad market or to industry sectors without purchasing a large number of individual securities. Such ETFs will typically hold a portfolio of securities designed to track the performance of a particular index or market sector. ETFs differ from traditional mutual funds since their shares are listed on a securities exchange and can be traded intraday. When the Fund invests in an ETF, Fund shareholders will indirectly pay a proportionate share of the management fee and operating expenses of the ETF, in addition to the Fund’s direct fees and expenses. The Fund may invest up to 20% of its net assets in ETFs.
The Fund may invest up to 30% of its net assets in common stocks of foreign issuers when, in the Adviser’s opinion, such investments would be advantageous to the Fund and help the Fund achieve its investment objective.
A security will be sold when the Adviser believes the security no longer has the potential for strong capital appreciation, when it meets its targeted price, when the fundamentals of the issuer’s business or general market conditions have changed, when more attractive opportunities become available, or when strong performance has resulted in an outsized position for the security within the Fund’s portfolio.
DAVPX - Performance
Return Ranking - Trailing
| Period | DAVPX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 21.5% | -17.2% | 54.2% | 76.64% |
| 1 Yr | 22.0% | -17.0% | 55.8% | 79.64% |
| 3 Yr | 7.3%* | -23.7% | 23.7% | 58.50% |
| 5 Yr | 11.3%* | -15.1% | 30.0% | 86.27% |
| 10 Yr | 10.7%* | -5.6% | 21.6% | 88.42% |
* Annualized
Return Ranking - Calendar
| Period | DAVPX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 20.6% | -74.1% | 72.4% | 83.67% |
| 2022 | -23.7% | -85.9% | 4.7% | 10.10% |
| 2021 | 13.1% | -52.4% | 60.5% | 34.24% |
| 2020 | 12.4% | -34.3% | 145.0% | 92.14% |
| 2019 | 29.8% | -6.9% | 49.4% | 20.39% |
Total Return Ranking - Trailing
| Period | DAVPX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 21.5% | -17.2% | 54.2% | 76.64% |
| 1 Yr | 22.0% | -17.0% | 55.8% | 79.64% |
| 3 Yr | 7.3%* | -23.7% | 23.7% | 58.50% |
| 5 Yr | 11.3%* | -15.1% | 30.0% | 86.27% |
| 10 Yr | 10.7%* | -5.6% | 21.6% | 88.42% |
* Annualized
Total Return Ranking - Calendar
| Period | DAVPX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 25.2% | -4.6% | 72.4% | 86.22% |
| 2022 | -20.1% | -61.7% | 5.6% | 10.38% |
| 2021 | 23.0% | -39.8% | 118.1% | 42.10% |
| 2020 | 13.8% | 2.8% | 149.2% | 98.55% |
| 2019 | 32.9% | -5.2% | 49.4% | 51.89% |
NAV & Total Return History
DAVPX - Holdings
Concentration Analysis
| DAVPX | Category Low | Category High | DAVPX % Rank | |
|---|---|---|---|---|
| Net Assets | 970 M | 296 K | 317 B | 61.11% |
| Number of Holdings | 41 | 2 | 3061 | 76.77% |
| Net Assets in Top 10 | 430 M | 126 K | 150 B | 62.43% |
| Weighting of Top 10 | 39.94% | 0.7% | 205.0% | 84.08% |
Top 10 Holdings
- Meta Platforms, Inc. Class A Class A 5.35%
- Amazon.com, Inc. 5.21%
- Brookfield Corporation 4.69%
- Microsoft Corporation 4.49%
- NVIDIA Corporation 4.05%
- Apple, Inc. 3.44%
- UnitedHealth Group, Inc. 3.36%
- Air Products Chemicals, Inc. 3.21%
- Adobe, Inc. 3.14%
- Danaher Corporation 2.99%
Asset Allocation
| Weighting | Return Low | Return High | DAVPX % Rank | |
|---|---|---|---|---|
| Stocks | 98.30% | 0.00% | 123.52% | 64.34% |
| Cash | 1.77% | 0.00% | 173.52% | 29.49% |
| Preferred Stocks | 0.00% | 0.00% | 8.45% | 57.44% |
| Other | 0.00% | -36.56% | 42.58% | 60.53% |
| Convertible Bonds | 0.00% | 0.00% | 1.94% | 50.64% |
| Bonds | 0.00% | 0.00% | 102.71% | 51.81% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | DAVPX % Rank | |
|---|---|---|---|---|
| Financial Services | 22.11% | 0.00% | 43.06% | 3.36% |
| Technology | 18.08% | 0.00% | 65.70% | 96.09% |
| Communication Services | 14.05% | 0.00% | 66.40% | 16.36% |
| Consumer Cyclical | 13.38% | 0.00% | 62.57% | 65.73% |
| Healthcare | 12.85% | 0.00% | 39.76% | 47.36% |
| Basic Materials | 7.01% | 0.00% | 18.91% | 3.00% |
| Industrials | 4.30% | 0.00% | 30.65% | 70.36% |
| Energy | 3.94% | 0.00% | 41.09% | 14.82% |
| Real Estate | 2.65% | 0.00% | 16.05% | 21.09% |
| Consumer Defense | 1.63% | 0.00% | 25.50% | 78.00% |
| Utilities | 0.00% | 0.00% | 16.07% | 65.45% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | DAVPX % Rank | |
|---|---|---|---|---|
| US | 98.30% | 0.00% | 123.52% | 53.54% |
| Non US | 0.00% | 0.00% | 75.46% | 65.88% |
DAVPX - Expenses
Operational Fees
| DAVPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.87% | 0.01% | 28.71% | 57.10% |
| Management Fee | 0.75% | 0.00% | 1.50% | 81.54% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 1.02% | 70.24% |
Sales Fees
| DAVPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.25% | 8.50% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| DAVPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| DAVPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 20.00% | 0.00% | 316.74% | 25.59% |
DAVPX - Distributions
Dividend Yield Analysis
| DAVPX | Category Low | Category High | DAVPX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.13% | 0.00% | 27.58% | 34.60% |
Dividend Distribution Analysis
| DAVPX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annually | Annual | Annual |
Net Income Ratio Analysis
| DAVPX | Category Low | Category High | DAVPX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.04% | -6.13% | 3.48% | 22.73% |
Capital Gain Distribution Analysis
| DAVPX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Semi-Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 04, 2024 | $0.008 | CapitalGainShortTerm |
| Dec 04, 2024 | $1.019 | CapitalGainLongTerm |
| Sep 16, 2024 | $0.012 | OrdinaryDividend |
| Jun 14, 2024 | $0.009 | OrdinaryDividend |
| Jun 14, 2024 | $0.921 | CapitalGainLongTerm |
| Mar 15, 2024 | $0.014 | OrdinaryDividend |
| Dec 26, 2023 | $0.046 | OrdinaryDividend |
| Dec 04, 2023 | $1.003 | CapitalGainLongTerm |
| Sep 15, 2023 | $0.013 | OrdinaryDividend |
| Jun 15, 2023 | $0.029 | OrdinaryDividend |
| Mar 15, 2023 | $0.044 | OrdinaryDividend |
| Dec 27, 2022 | $0.050 | OrdinaryDividend |
| Sep 15, 2022 | $0.054 | OrdinaryDividend |
| Jun 15, 2022 | $1.125 | OrdinaryDividend |
| Mar 15, 2022 | $0.005 | OrdinaryDividend |
| Dec 03, 2021 | $0.033 | CapitalGainShortTerm |
| Dec 03, 2021 | $1.510 | CapitalGainLongTerm |
| Jun 15, 2021 | $1.234 | CapitalGainLongTerm |
| Dec 28, 2020 | $0.022 | OrdinaryDividend |
| Dec 04, 2020 | $0.253 | CapitalGainLongTerm |
| Sep 15, 2020 | $0.011 | OrdinaryDividend |
| Jun 15, 2020 | $0.040 | OrdinaryDividend |
| Mar 16, 2020 | $0.026 | OrdinaryDividend |
| Dec 27, 2019 | $0.043 | OrdinaryDividend |
| Dec 05, 2019 | $0.380 | CapitalGainLongTerm |
| Sep 16, 2019 | $0.022 | OrdinaryDividend |
| Jun 14, 2019 | $0.050 | OrdinaryDividend |
| Jun 14, 2019 | $0.095 | CapitalGainLongTerm |
| Mar 15, 2019 | $0.015 | OrdinaryDividend |
| Dec 27, 2018 | $0.031 | OrdinaryDividend |
| Dec 06, 2018 | $0.178 | CapitalGainLongTerm |
| Sep 17, 2018 | $0.013 | OrdinaryDividend |
| Jun 15, 2018 | $0.049 | OrdinaryDividend |
| Jun 15, 2018 | $0.770 | CapitalGainLongTerm |
| Dec 27, 2017 | $0.034 | OrdinaryDividend |
| Dec 04, 2017 | $0.123 | CapitalGainLongTerm |
| Sep 15, 2017 | $0.021 | OrdinaryDividend |
| Jun 15, 2017 | $0.050 | OrdinaryDividend |
| Jun 15, 2017 | $0.337 | CapitalGainLongTerm |
| Mar 15, 2017 | $0.010 | OrdinaryDividend |
| Dec 28, 2016 | $0.038 | OrdinaryDividend |
| Dec 02, 2016 | $0.324 | CapitalGainLongTerm |
| Sep 15, 2016 | $0.013 | OrdinaryDividend |
| Jun 15, 2016 | $0.040 | OrdinaryDividend |
| Jun 15, 2016 | $0.241 | CapitalGainLongTerm |
| Mar 15, 2016 | $0.015 | OrdinaryDividend |
| Dec 29, 2015 | $0.039 | OrdinaryDividend |
| Dec 02, 2015 | $0.304 | CapitalGainLongTerm |
| Sep 15, 2015 | $0.015 | OrdinaryDividend |
| Jun 15, 2015 | $0.038 | OrdinaryDividend |
| Jun 15, 2015 | $0.374 | CapitalGainLongTerm |
| Mar 13, 2015 | $0.014 | OrdinaryDividend |
| Dec 29, 2014 | $0.032 | OrdinaryDividend |
| Dec 02, 2014 | $0.016 | CapitalGainShortTerm |
| Dec 02, 2014 | $0.518 | CapitalGainLongTerm |
| Sep 15, 2014 | $0.015 | OrdinaryDividend |
| Jun 13, 2014 | $0.036 | OrdinaryDividend |
| Jun 13, 2014 | $0.074 | CapitalGainShortTerm |
| Jun 13, 2014 | $0.868 | CapitalGainLongTerm |
| Mar 14, 2014 | $0.020 | OrdinaryDividend |
| Dec 13, 2013 | $0.028 | OrdinaryDividend |
| Dec 13, 2013 | $0.028 | CapitalGainShortTerm |
| Dec 13, 2013 | $0.700 | CapitalGainLongTerm |
| Sep 13, 2013 | $0.035 | OrdinaryDividend |
| Jun 14, 2013 | $0.035 | OrdinaryDividend |
| Jun 14, 2013 | $0.114 | CapitalGainLongTerm |
| Mar 15, 2013 | $0.022 | OrdinaryDividend |
| Dec 14, 2012 | $0.033 | OrdinaryDividend |
| Sep 14, 2012 | $0.018 | OrdinaryDividend |
| Jun 15, 2012 | $0.036 | OrdinaryDividend |
| Mar 15, 2012 | $0.017 | OrdinaryDividend |
| Dec 15, 2011 | $0.033 | OrdinaryDividend |
| Sep 15, 2011 | $0.018 | OrdinaryDividend |
| Jun 15, 2011 | $0.022 | OrdinaryDividend |
| Mar 15, 2011 | $0.009 | OrdinaryDividend |
| Dec 15, 2010 | $0.017 | OrdinaryDividend |
| Sep 15, 2010 | $0.015 | OrdinaryDividend |
| Jun 15, 2010 | $0.030 | OrdinaryDividend |
| Mar 15, 2010 | $0.018 | OrdinaryDividend |
| Dec 15, 2009 | $0.019 | OrdinaryDividend |
| Sep 15, 2009 | $0.018 | OrdinaryDividend |
| Jun 15, 2009 | $0.024 | OrdinaryDividend |
| Mar 13, 2009 | $0.028 | OrdinaryDividend |
| Dec 15, 2008 | $0.030 | OrdinaryDividend |
| Dec 15, 2008 | $0.294 | CapitalGainLongTerm |
| Sep 15, 2008 | $0.028 | OrdinaryDividend |
| Jun 16, 2008 | $0.025 | OrdinaryDividend |
| Mar 14, 2008 | $0.025 | OrdinaryDividend |
| Dec 14, 2007 | $0.020 | OrdinaryDividend |
| Dec 14, 2007 | $0.162 | CapitalGainShortTerm |
| Dec 14, 2007 | $1.295 | CapitalGainLongTerm |
| Sep 14, 2007 | $0.025 | OrdinaryDividend |
| Jun 15, 2007 | $0.027 | OrdinaryDividend |
| Mar 15, 2007 | $0.029 | OrdinaryDividend |
| Dec 29, 2006 | $0.024 | OrdinaryDividend |
| Oct 31, 2006 | $0.520 | CapitalGainLongTerm |
| Sep 29, 2006 | $0.028 | OrdinaryDividend |
| Jun 30, 2006 | $0.018 | OrdinaryDividend |
| Mar 31, 2006 | $0.015 | OrdinaryDividend |
| Mar 31, 2006 | $0.250 | CapitalGainLongTerm |
| Dec 30, 2005 | $0.030 | OrdinaryDividend |
| Dec 30, 2005 | $0.009 | CapitalGainLongTerm |
| Sep 30, 2005 | $0.013 | OrdinaryDividend |
| Jun 30, 2005 | $0.010 | OrdinaryDividend |
| Mar 31, 2005 | $0.015 | OrdinaryDividend |
| Dec 31, 2004 | $0.042 | OrdinaryDividend |
| Sep 30, 2004 | $0.007 | OrdinaryDividend |
| Jun 30, 2004 | $0.006 | OrdinaryDividend |
| Mar 31, 2004 | $0.009 | OrdinaryDividend |
| Dec 31, 2003 | $0.010 | OrdinaryDividend |
| Sep 30, 2003 | $0.010 | OrdinaryDividend |
| Jun 30, 2003 | $0.010 | OrdinaryDividend |
| Mar 31, 2003 | $0.010 | OrdinaryDividend |
| Dec 31, 2002 | $0.023 | OrdinaryDividend |
| Sep 30, 2002 | $0.015 | OrdinaryDividend |
| Jun 28, 2002 | $0.016 | OrdinaryDividend |
| Mar 28, 2002 | $0.005 | OrdinaryDividend |
| Dec 31, 2001 | $0.014 | OrdinaryDividend |
| Sep 28, 2001 | $0.010 | OrdinaryDividend |
| Jun 29, 2001 | $0.010 | OrdinaryDividend |
| Mar 30, 2001 | $0.015 | OrdinaryDividend |
| Jan 02, 2001 | $0.007 | OrdinaryDividend |
| Oct 02, 2000 | $0.015 | OrdinaryDividend |
| Apr 03, 2000 | $0.008 | OrdinaryDividend |
| Dec 30, 1999 | $0.075 | OrdinaryDividend |
| Oct 01, 1999 | $0.018 | OrdinaryDividend |
| Jul 01, 1999 | $0.015 | OrdinaryDividend |
| Mar 31, 1999 | $0.018 | OrdinaryDividend |
DAVPX - Fund Manager Analysis
Managers
Michael Beall
Start Date
Tenure
Tenure Rank
Jan 15, 1998
24.39
24.4%
Michael S. Beall, CFA joined Davenport & Company in 1980 and is an Executive Vice President, Director and Chairman of the IPC. Mr. Beall has been a member of the IPC since June 1991.
John Ackerly
Start Date
Tenure
Tenure Rank
Dec 31, 1999
22.43
22.4%
Serves on Davenport's Executive Committee and Board of Directors; President of the Davenport Mutual Funds; Past President, Richmond Society of Financial Analysts; Previously served as Portfolio Manager for Central Fidelity Bank
E. Brown
Start Date
Tenure
Tenure Rank
Dec 31, 2002
19.43
19.4%
E. Trigg Brown, Jr. (age 57) joined Davenport & Company LLC in 1982 and currently serves as a Financial Advisor and the Branch Manager of the Advisor’s Richmond, Virginia branch. Mr. Brown is a member of the Advisor’s Executive Committee and has been a member of the Investment Policy Committee since October 2002.
Robert Giles
Start Date
Tenure
Tenure Rank
Aug 01, 2007
14.84
14.8%
Robert B. Giles joined Davenport & Company in 1967 and currently serves as an Executive Vice President and Director. Mr. Giles has been a member of the IPC since July 2007.
George Smith
Start Date
Tenure
Tenure Rank
Aug 01, 2010
11.84
11.8%
George L. Smith, III, CFA (age 41) joined Davenport & Company in 1997 and currently serves as a Senior Vice President, Director and coordinator of the buy-side research for the firm. Mr. Smith is a member of the firm’s Executive Committee and has been a member of the IPC since July 2010. .
Christopher Pearson
Start Date
Tenure
Tenure Rank
Jun 14, 2019
2.96
3.0%
Christopher G. Pearson, CFA joined Davenport & Company LLC in 2006 and is First Vice President and a buy-side analyst for the firm. Mr. Pearson is a member of the firm’s Portfolio Review Committee. Mr. Pearson earned his BA in Business Administration from University of Richmond.
Joel Ray
Start Date
Tenure
Tenure Rank
Jan 14, 2020
2.38
2.4%
Joel Ray is a member of the Davenport Investment Policy Committee as well as the Director of Equity Research. He has been in the industry since 1981 and at Davenport & Company since 2004. Joel received his BA in Biology from Colgate University and his MBA from Cornell University (Johnson). He is a holder of the Chartered Financial Analyst designation.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.04 | 54.45 | 8.25 | 3.08 |