DEOPX: Davenport Equity Opportunities

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DEOPX Davenport Equity Opportunities


Profile

DEOPX - Profile

Vitals

  • YTD Return -0.8%
  • 3 Yr Annualized Return 8.2%
  • 5 Yr Annualized Return 5.7%
  • Net Assets $508 M
  • Holdings in Top 10 49.6%

52 WEEK LOW AND HIGH

$21.22
$14.21
$22.83

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.90%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 21.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $5,000
  • IRA $2,000

Fund Classification


Distributions

  • YTD Total Return -0.8%
  • 3 Yr Annualized Total Return 8.2%
  • 5 Yr Annualized Total Return 6.6%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio -0.02%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Davenport Equity Opportunities Fund
  • Fund Family Name
    Davenport
  • Inception Date
    Dec 31, 2010
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    George Smith

Fund Description

Under normal circumstances, at least 80% of the fund's net assets (including the amount of any borrowings for investment purposes, although the advisor does not currently intend to borrow for investment purposes) will be invested in common stocks and shares of ETFs that invest primarily in common stocks. The advisor focuses on superior risk/return opportunities using a flexible, concentrated and opportunistic approach. The fund is non-diversified.


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Categories

Performance

DEOPX - Performance

Return Ranking - Trailing

Period DEOPX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.8% -20.4% 1958.8% 91.71%
1 Yr 3.9% -66.6% 2062.5% 75.27%
3 Yr 8.2%* -44.8% 184.3% 38.19%
5 Yr 5.7%* -32.4% 21.3% 36.18%
10 Yr N/A* -16.8% 19.5% N/A

* Annualized

Return Ranking - Calendar

Period DEOPX Return Category Return Low Category Return High Rank in Category (%)
2019 33.7% -50.2% 44.9% 16.48%
2018 -11.4% -51.7% 5.6% 30.77%
2017 20.8% -21.1% 34.8% 26.12%
2016 5.9% -61.7% 40.3% 23.18%
2015 -10.2% -54.0% 12.2% 71.20%

Total Return Ranking - Trailing

Period DEOPX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.8% -20.4% 1958.8% 91.71%
1 Yr 3.9% -66.6% 2062.5% 75.27%
3 Yr 8.2%* -40.5% 184.3% 54.53%
5 Yr 6.6%* -25.4% 23.2% 58.65%
10 Yr N/A* -9.7% 19.6% N/A

* Annualized

Total Return Ranking - Calendar

Period DEOPX Return Category Return Low Category Return High Rank in Category (%)
2019 33.7% -50.2% 44.9% 16.48%
2018 -11.4% -51.7% 12.2% 53.27%
2017 20.8% -7.0% 39.4% 68.57%
2016 7.3% -61.7% 40.3% 23.84%
2015 -6.0% -54.0% 12.2% 77.88%

NAV & Total Return History


Holdings

DEOPX - Holdings

Concentration Analysis

DEOPX Category Low Category High DEOPX % Rank
Net Assets 508 M 867 K 34.1 B 61.85%
Number of Holdings 28 16 2543 98.04%
Net Assets in Top 10 237 M 185 K 7.15 B 47.95%
Weighting of Top 10 49.58% 6.9% 96.0% 6.06%

Top 10 Holdings

  1. American Tower Corp 6.68%
  2. DISH Network Corp Class A 5.99%
  3. Sherwin-Williams Co 5.01%
  4. Liberty Broadband Corp C 5.01%
  5. Markel Corp 4.81%
  6. Etsy Inc 4.53%
  7. Brookfield Asset Management Inc Class A 4.45%
  8. Watsco Inc 4.45%
  9. Fairfax Financial Holdings Ltd Shs Subord.Vtg 4.36%
  10. Take-Two Interactive Software Inc 4.28%

Asset Allocation

Weighting Return Low Return High DEOPX % Rank
Stocks
96.49% 90.86% 117.39% 83.60%
Cash
3.51% -22.20% 14.02% 15.15%
Preferred Stocks
0.00% 0.00% 0.70% 19.43%
Other
0.00% -13.15% 4.82% 25.85%
Convertible Bonds
0.00% 0.00% 0.14% 14.62%
Bonds
0.00% 0.00% 4.49% 16.76%

Stock Sector Breakdown

Weighting Return Low Return High DEOPX % Rank
Communication Services
21.61% 0.00% 26.42% 1.43%
Consumer Cyclical
20.58% 0.24% 58.93% 2.85%
Financial Services
19.02% 0.00% 38.56% 5.70%
Industrials
9.94% 0.00% 35.59% 88.24%
Technology
9.30% 0.00% 58.99% 98.22%
Basic Materials
8.38% 0.00% 18.77% 1.96%
Real Estate
6.92% 0.00% 17.76% 14.80%
Healthcare
4.25% 0.00% 40.78% 95.54%
Utilities
0.00% 0.00% 6.22% 35.47%
Energy
0.00% 0.00% 34.63% 47.59%
Consumer Defense
0.00% 0.00% 16.47% 85.74%

Stock Geographic Breakdown

Weighting Return Low Return High DEOPX % Rank
US
84.98% 80.29% 107.56% 92.69%
Non US
11.51% 0.00% 17.06% 7.49%

Expenses

DEOPX - Expenses

Operational Fees

DEOPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.90% 0.05% 27.43% 75.61%
Management Fee 0.75% 0.00% 1.50% 47.86%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.40% 67.70%

Sales Fees

DEOPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

DEOPX 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.

DEOPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 21.00% 1.93% 385.00% 17.45%

Distributions

DEOPX - Distributions

Dividend Yield Analysis

DEOPX Category Low Category High DEOPX % Rank
Dividend Yield 0.00% 0.00% 38.32% 16.40%

Dividend Distribution Analysis

DEOPX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Monthly Annually

Net Income Ratio Analysis

DEOPX Category Low Category High DEOPX % Rank
Net Income Ratio -0.02% -2.56% 1.52% 22.74%

Capital Gain Distribution Analysis

DEOPX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Semi-Annually Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

DEOPX - Fund Manager Analysis

Managers

George Smith


Start Date

Tenure

Tenure Rank

Dec 31, 2010

9.59

9.6%

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

Aug 01, 2013

7.0

7.0%

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 33.6 8.25 3.42