Davenport & Company LLC

5 – Fees and Compensation.

14 | Davenport & Company LLC – Firm Brochure Part 2A of Form ADV – June 1, 2026

                                                                      Wrap Fee               Fee and/or Commission
Program                                                       Minimum Initial Amount       Minimum Initial Amount
Blended Allocation Portfolio**                               $500,000                     $5,000,000
Blended Allocation Portfolio** –
    Customized or w/individual Bonds                         1,000,000                     5,000,000
Core Leaders Equity                                            250,000                     5,000,000
Equity Opportunities                                           250,000                     5,000,000
ETFAdvisor                                                      25,000                           N/A
Fixed Income – Intermediate Duration                           500,000                           N/A
Fixed Income – Short Duration                                  500,000                           N/A
Fixed Income – Ultra Short Duration                            500,000                           N/A
Fixed Income - Intermediate Municipal Strategy                 500,000                           N/A
FundAdvisor                                                     25,000                           N/A
Value & Income Equity                                          250,000                     5,000,000
Value & Income Balanced**                                     300,000                      5,000,000
DavenportONE
                                                                 300,000                         N/A
Flexible Managed Account I                                        50,000                         N/A
Flexible Managed Account II                                       50,000                       10,000
Flexible Managed Account III* (commission only)                      N/A                         N/A
*Existing accounts only, no longer offered as of June 12, 2018
ManagerSelect                                                    150,000                         N/A
Portfolio Management Account                                     100,000                     100,000
Portfolio Review                                                     N/A                      60,000
Davenport Managed Asset Program                                      N/A                      25,000

**This program is no longer offered to new clients.

Other Programs                                                   Minimum Initial Amount
RetirementAdvisor**                                                  N/A
Flexible Retirement Account Consulting                               N/A
Donor Advised Program:
   Predefined Allocation Models                                    50,000
   Charitable Custom Allocation Models                             50,000
   Separately Managed Account Models
   (Core Leaders,
   Equity Opportunities, Value & Income,
   Value & Income Balanced** and Fixed Income)                   1,000,000

**This program is no longer offered to new clients.

7. Types of Clients

Davenport provides investment management services to individuals and institutional investors including, but not limited
to, banks, investment companies, pension and profit sharing plans, trusts, estates, non-profit organizations, and
corporations.

Beginning in 2014, Davenport has negotiated arrangements with other financial services firms, such as Merrill Lynch,
Charles Schwab and Pershing, among others, to offer the Davenport Mutual Funds for purchase or sale. These
arrangements allow other Registered Investment Advisors and others to purchase and sell Davenport funds for their
clients.

The minimum account size varies by the type of account. Minimums required by specific types of investments (e.g. mutual
funds) must also be met. In some instances, the minimum initial account value will be waived. For more detail see Section
5 – Fees and Compensation.

14 | Davenport & Company LLC – Firm Brochure Part 2A of Form ADV – June 1, 2026

                                                                      Wrap Fee               Fee and/or Commission
Program                                                       Minimum Initial Amount       Minimum Initial Amount
Blended Allocation Portfolio**                               $500,000                     $5,000,000
Blended Allocation Portfolio** –
    Customized or w/individual Bonds                         1,000,000                     5,000,000
Core Leaders Equity                                            250,000                     5,000,000
Equity Opportunities                                           250,000                     5,000,000
ETFAdvisor                                                      25,000                           N/A
Fixed Income – Intermediate Duration                           500,000                           N/A
Fixed Income – Short Duration                                  500,000                           N/A
Fixed Income – Ultra Short Duration                            500,000                           N/A
Fixed Income - Intermediate Municipal Strategy                 500,000                           N/A
FundAdvisor                                                     25,000                           N/A
Value & Income Equity                                          250,000                     5,000,000
Value & Income Balanced**                                     300,000                      5,000,000
DavenportONE
                                                                 300,000                         N/A
Flexible Managed Account I                                        50,000                         N/A
Flexible Managed Account II                                       50,000                       10,000
Flexible Managed Account III* (commission only)                      N/A                         N/A
*Existing accounts only, no longer offered as of June 12, 2018
ManagerSelect                                                    150,000                         N/A
Portfolio Management Account                                     100,000                     100,000
Portfolio Review                                                     N/A                      60,000
Davenport Managed Asset Program                                      N/A                      25,000

**This program is no longer offered to new clients.

Other Programs                                                   Minimum Initial Amount
RetirementAdvisor**                                                  N/A
Flexible Retirement Account Consulting                               N/A
Donor Advised Program:
   Predefined Allocation Models                                    50,000
   Charitable Custom Allocation Models                             50,000
   Separately Managed Account Models
   (Core Leaders,
   Equity Opportunities, Value & Income,
   Value & Income Balanced** and Fixed Income)                   1,000,000

**This program is no longer offered to new clients.