Fund Evaluator:
Davenport Insider Buying (DBUYX)
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Best Performing in Mid-Cap Blend Over the Last Year
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| 31.5% | Vanguard Strategic Equity Inv (VSEQX) |
| 29.8% | CRM All Cap Value Inv (CRMEX) |
Fund Details
Davenport Insider Buying Overview
Davenport Insider Buying (DBUYX) is an actively managed U.S. Equity Mid-Cap Blend fund. Davenport launched the fund in 2023.
The investment seeks long-term growth of capital. Under normal circumstances, the fund will generally invest in common stocks of companies that show strong capital appreciation potential, have strong and focused management, solid balance sheets and a history of proven results. It 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.
About Davenport Insider Buying (DBUYX)
There are 2 members of the management team with an average tenure of 2.67 years: Kevin Bennett (2023), Adam Bergman (2023). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and Russell 1000 Value TR USD index with a weighting of 100%. Davenport Insider Buying has 39 securities in its portfolio. The top 10 holdings constitute 35.3% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Davenport Insider Buying is part of the Equity global asset class and is within the U.S. Equity fund group. Davenport Insider Buying has 1.1% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 94.1%. There is 1.1% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Davenport Insider Buying has 4.8% of the portfolio in cash.
Assets Under Management
The fund has $95 million in total assets, which is below the $1 billion average for the Mid-Cap Blend category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
DBUYX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Davenport Insider Buying expense ratio is high compared to funds in the Mid-Cap Blend category. Davenport Insider Buying has an expense ratio of 1.01%, which is 3% higher than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Davenport Insider Buying has a portfolio turnover rate of 42%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 51% for the Mid-Cap Blend category.
Recently, in the month of July 2026, Davenport Insider Buying returned 0.8%, which earned it a grade of A, as the Mid-Cap Blend category had an average return of -1.8%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Davenport Insider Buying has a trailing yield of 0.38%, which is below the 0.48% category average. The fund normally distributes its income quarterly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Davenport Insider Buying Grades
Year to date, the fund has returned 14.4%, 1.4 percentage points better than the category, which translates into a grade of C. The fund has returned 19.8% over the past year (grade of C).
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DBUYX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| DBUYX Return (NAV) | 0.8% | 4.6% | 19.8% | na | na | na |
| DBUYX Grade | A | C | C | na | na | na |
| +/- Category | 2.6% | 0.7% | 2.0% | na | na | na |
| Mid-Cap Blend Avg | -1.8% | 3.9% | 17.8% | 12.7% | 7.6% | 10.3% |
| DBUYX Tax Cost Ratio | na | na | 0.2% | na | na | na |
DBUYX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| DBUYX Return (NAV) | 14.4% | 4.3% | 3.1% | na | na | na | na | na | na | na | na |
| DBUYX Grade | C | F | F | na | na | na | na | na | na | na | na |
| +/- Category | 1.4% | -3.7% | -10.4% | na | na | na | na | na | na | na | na |
| Mid-Cap Blend Avg | 13.0% | 7.9% | 13.5% | 16.4% | -15.1% | 24.3% | 13.3% | 28.5% | -10.3% | 16.1% | 14.6% |
| Risk Measures | |
| Standard Deviation: | na |
| Total Risk Index: | na |
| Category Risk Index: | na |
| Category Risk Grade: | |
| Beta: | na |
| R-Squared: | na |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Mid-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 0.4% |
| Dividend Distribution: | Quarterly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $95 Mil |
| Fund Total Assets: | $ 96 Mil |
| Share Class Type: | Other |
| Portfolio Turnover: | 42% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 2.7 years | |||
| Average Tenure: 2.7 years | |||
| Managers (Year): Bennett Kevin (2023), Bergman Adam (2023) | |||
Portfolio Composition (as of 5/31/26)
| # of Holdings: | 39 |
| % in Top 10 Holdings: | 35.3% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 1.1% |
Portfolio Allocation |
|
| Domestic Stock: | 94.1% |
| Foreign Stock: | 1.1% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 4.8% |
Purchase Information
| Fund Family: | Davenport |
| Phone Number: | 800-281-3217 |
| Website: | www.jamestownfunds.com |
| Status: | Open |
| Inception Date: | November 30, 2023 |
| Min. Initial Purchase: | $5,000 |
| Min. Initial IRA Purchase: | $2,000 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 1.01% ( Rating : High ) |
| Category Average Expense Ratio (%): | 0.98% |
| Share Class: | Davenport Insider Buying |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
