0001752724-21-123551.txt : 20210614 0001752724-21-123551.hdr.sgml : 20210614 20210614102356 ACCESSION NUMBER: 0001752724-21-123551 CONFORMED SUBMISSION TYPE: N-CEN PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20210331 FILED AS OF DATE: 20210614 DATE AS OF CHANGE: 20210614 EFFECTIVENESS DATE: 20210614 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WILLIAMSBURG INVESTMENT TRUST CENTRAL INDEX KEY: 0000842512 IRS NUMBER: 566344591 STATE OF INCORPORATION: MA FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: N-CEN SEC ACT: 1940 Act SEC FILE NUMBER: 811-05685 FILM NUMBER: 211013649 BUSINESS ADDRESS: STREET 1: C/O ULTIMUS FUND SOLUTIONS, LLC STREET 2: 225 PICTORIA DRIVE, SUITE 450 CITY: CINCINNATI STATE: OH ZIP: 45246 BUSINESS PHONE: 513-587-3400 MAIL ADDRESS: STREET 1: C/O ULTIMUS FUND SOLUTIONS, LLC STREET 2: 225 PICTORIA DRIVE, SUITE 450 CITY: CINCINNATI STATE: OH ZIP: 45246 FORMER COMPANY: FORMER CONFORMED NAME: NOTTINGHAM INVESTMENT TRUST /NC/ DATE OF NAME CHANGE: 19940125 FORMER COMPANY: FORMER CONFORMED NAME: NOTTINGHAM INVESTMENT TRUST DATE OF NAME CHANGE: 19940125

0000842512 S000001557 Government Street Equity Fund

C000004216 Government Street Equity Fund GVEQX

0000842512 S000001558 FBP Appreciation & Income Opportunities Fund

C000004217 FBP Appreciation & Income Opportunities Fund FBPBX

0000842512 S000001559 Davenport Core Fund

C000004218 Davenport Core Fund DAVPX

0000842512 S000001562 Government Street Mid-Cap Fund

C000004221 Government Street Mid-Cap Fund GVMCX

0000842512 S000001564 Jamestown Equity Fund

C000004223 Jamestown Equity Fund JAMEX

0000842512 S000001567 FBP Equity & Dividend Plus Fund

C000004226 FBP Equity & Dividend Plus Fund FBPEX

0000842512 S000030554 Davenport Value & Income Fund

C000094748 Davenport Value & Income Fund DVIPX

0000842512 S000030555 Davenport Equity Opportunities Fund

C000094749 Davenport Equity Opportunities Fund DEOPX

0000842512 S000047867 Davenport Small Cap Focus Fund

C000150331 Davenport Small Cap Focus Fund DSCPX

0000842512 S000052150 Davenport Balanced Income Fund

C000164143 Davenport Balanced Income Fund DBALX

N-CEN 1 primary_doc.xml X0303 N-CEN LIVE 0000842512 XXXXXXXX 811-05685 true false false N-1A S000001558 C000004217 S000047867 C000150331 S000001557 C000004216 S000030554 C000094748 S000030555 C000094749 S000052150 C000164143 S000001567 C000004226 S000001562 C000004221 S000001564 C000004223 S000001559 C000004218 Williamsburg Investment Trust 811-05685 0000842512 549300K2N6TCPDPSAZ53 225 Pictoria Drive Suite 450 Cincinnati 45246-1617 US-OH US 513-587-3400 Lowe, Brockenbrough & Company, Inc. 1802 Bayberry Court Richmond 23226-3773 1-800-846-6666 portfolio information Jamestown Fund Davenport & Company LLC 901 East Cary Street Richmond 23226-4063 1-800-846-6666 portfolio information Davenport Funds Flippin, Bruce & Porter, Inc. 800 Main Street Lynchburg 24505-1533 1-800-851-3804 portfolio information FBP Funds US Bank NA 425 Walnut Street Cincinnati 45202-3956 513-632-4234 custody Ultimus Fund Solutions, LLC 225 Pictoria Drive Suite 450 Cincinnati 45246-1617 513-587-3400 fund accounting, administrative and transfer agent Leavell Investment Management, Inc. 210 St. Joseph Street Mobile 36602-3917 251-433-3709 portfolio information for Government Street Funds N N N N-1A 10 Y Elizabeth W. Robertson N/A N Robert S. Harris, Ph. D. N/A N George K. Jennison 000727449 N John P. Ackerly, IV 002460550 Y Harris V. Morrissette N/A N John T. Bruce 000846177 Y Michael J. Nanosky N/A 225 Pictoria Drive Suite 450 Cincinnati 45246 XXXXXX N N N N N N N Ultimus Fund Distributors, LLC 008-52643 000104177 N/A N N Cohen & Company, Ltd. 925 N/A N N N N N N N FBP Appreciation & Income Opportunities Fund S000001558 549300BZTRB7ZBJW6P79 N 1 0 0 N/A N N Y N N/A 0.00 0.00 N/A Y Y Y N Flippin, Bruce and Porter, Inc. 801-24187 000105718 N/A N Ultimus Fund Solutions, LLC 084-05829 N/A N N N Intercontinental Exchange, Inc. 5493000F4ZO33MV32P92 N N US Bank National Association 6BYL5QZYBDK8S7L73M02 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N Ultimus Fund Solutions, LLC 084-05829 SEC File No. N N N Ultimus Fund Solutions, LLC 084-05829 SEC FILE NO. N N N MORGAN STANLEY and CO., LLC 008-15869 000008209 9R7GPTSO7KV3UQJZQ078 4823.10000000 J.P. MORGAN SECURITIES LLC 008-35008 000000079 ZBUT11V806EZRVTWT807 1679.60000000 SANFORD C. BERNSTEIN and CO. LLC 008-52942 000104474 549300I7JYZHT7D5CO04 11155.00000000 17657.70000000 MTS MARKETS INTERNATIONAL, INC. 8-50451 000043875 213800QOW94YDEADDF52 543464.06000000 543464.06 Y 29923020.92000000 N N N N Davenport Small Cap Focus Fund S000047867 549300L7GNH2106OTX12 N 1 0 0 N/A N N Y N N/A 0.00 0.00 N/A N N N N Davenport & Company LLC 801-13057 000001588 254900GN2SAXJGLMS075 N Ultimus Fund Solutions, LLC 084-05829 N/A N N N Intercontinental Exchange, Inc. 5493000F4ZO33MV32P92 N N US Bank National Association 6BYL5QZYBDK8S7L73M02 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N Ultimus Fund Solutions, LLC 084-05829 SEC File No. N N N Ultimus Fund Solutions, LLC 084-05829 SEC FILE NO. N N N Davenport & Company LLC 008-17103 000001588 254900GN2SAXJGLMS075 0.00000000 Davenport & Company LLC 008-17103 000001588 254900GN2SAXJGLMS075 436343642.10 0.00000000 Davenport & Co. 008-17103 000001588 254900GN2SAXJGLMS075 436343642.10 436343642.10 N 322399577.43000001 N N N N Government Street Equity Fund S000001557 549300BX31YLHN7RO128 N 1 0 0 N/A N N Y N N/A 0.00 0.00 N/A N N N N Leavell Investment Management, Inc. 801-14752 000107890 N/A N Ultimus Fund Solutions, LLC 084-05829 N/A N N N Intercontinental Exchange, Inc. 5493000F4ZO33MV32P92 N N US Bank National Association 6BYL5QZYBDK8S7L73M02 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N Ultimus Fund Solutions, LLC 084-05829 SEC File No. N N N Ultimus Fund Solutions, LLC 084-05829 SEC FILE NO. N N N CHARLES SCHWAB and CO., INC. 008-16514 000005393 549300ZP8XN77GK5BS04 545.85000000 545.85000000 CHARLES SCHWAB and CO., INC. 008-16514 000005393 549300ZP8XN77GK5BS04 7213408.29999999 7213408.30 N 64228824.21000000 N N N N Davenport Value and Income Fund S000030554 549300Q80FFDLFRQ3039 N 1 0 0 N/A N N N N N/A 0.00 0.00 N/A N N N N Davenport and Company LLC 801-13057 000001588 254900GN2SAXJGLMS075 N Ultimus Fund Solutions, LLC 084-05829 N/A N N N Intercontinental Exchange, Inc. 5493000F4ZO33MV32P92 N N US Bank National Association 6BYL5QZYBDK8S7L73M02 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N Ultimus Fund Solutions, LLC 084-05829 SEC File No. N N N Ultimus Fund Solutions, LLC 084-05829 SEC FILE NO. N N N Davenport & Company LLC 008-17103 000001588 254900GN2SAXJGLMS075 0.00000000 Davenport & Company LLC 008-17103 000001588 254900GN2SAXJGLMS075 0.00000000 0.00000000 Davenport & Company LLC 008-17103 000001588 254900GN2SAXJGLMS075 457510597.89 457510597.89 N 669542269.71000004 N N N N Davenport Equity Opportunities Fund S000030555 54930078YTWSCZR0OU64 N 1 0 0 N/A Y N Y N N/A 0.00 0.00 N/A N N N N Davenport & Company LLC 801-13057 000001588 254900GN2SAXJGLMS075 N Ultimus Fund Solutions, LLC 084-05829 N/A N Y N Intercontinental Exchange, Inc. 5493000F4ZO33MV32P92 N N US Bank National Association 6BYL5QZYBDK8S7L73M02 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N Ultimus Fund Solutions, LLC 084-05829 SEC File No. N N N Ultimus Fund Solutions, LLC 084-05829 SEC FILE NO. N N N Davenport & Company LLC 008-17103 000001588 254900GN2SAXJGLMS075 0.00000000 Davenport & Company LLC 008-17103 000001588 254900GN2SAXJGLMS075 0.00000000 0.00000000 Davenport & Company LLC 008-17103 000001508 254900GN2SAXJGLMS075 326842527.80 326842527.8 N 536087230.64999998 N N N N Davenport Balanced Income Fund S000052150 549300P3ZR7G5JBKS140 N 1 0 0 N/A N N Y N N/A 0.00 0.00 N/A N N N N Davenport & Company LLC 801-13057 000001588 254900GN2SAXJGLMS075 N Ultimus Fund Solutions, LLC 084-05829 N/A N N N Intercontinental Exchange, Inc. 5493000F4ZO33MV32P92 N N US Bank National Association 6BYL5QZYBDK8S7L73M02 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N Ultimus Fund Solutions, LLC 084-05829 SEC File No. N N N Ultimus Fund Solutions, LLC 084-05829 SEC FILE NO. N N N Davenport & Company LLC 008-17103 000001588 254900GN2SAXJGLMS075 0.00000000 Davenport & Company LLC 008-17103 000001588 254900GN2SAXJGLMS075 0.00000000 0.00000000 Davenport & Company LLC 008-17103 000001588 254900GN2SAXJGLMS075 83684662.14 STIFEL, NICOLAUS AND CO., INC. 008-01447 000000793 5WUVMA08EYG4KEUPW589 1354062.50 85038724.64 N 169185018.75000000 N N N N FBP Equity & Dividend Plus Fund S000001567 549300XOXL2UPD0LVJ51 N 1 0 0 N/A N N Y N N/A 0.00 0.00 N/A Y Y Y N Flippin, Bruce and Porter, Inc. 801-24187 000105718 N/A N Ultimus Fund Solutions, LLC 084-05829 N/A N N N Intercontinental Exchange, Inc. 5493000F4ZO33MV32P92 N N US Bank National Association 6BYL5QZYBDK8S7L73M02 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N Ultimus Fund Solutions, LLC 084-05829 SEC File No. N N N Ultimus Fund Solutions, LLC 084-05829 SEC FILE NO. N N N J.P. MORGAN SECURITIES LLC 008-35008 000000079 ZBUT11V806EZRVTWT807 3430.45000000 SANFORD C. BERNSTEIN AND CO. LLC 008-52942 000104474 549300I7JYZHT7D5CO04 11358.00000000 MORGAN STANLEY AND CO., LLC 008-15869 000008209 9R7GPTSO7KV3UQJZQ078 5370.00000000 20158.45000000 MORGAN STANLEY AND CO., LLC 008-15869 000008209 9R7GPTSO7KV3UQJZQ078 232012.96000000 0 Y 24470730.66000000 N N N N Government Street Mid-Cap Fund S000001562 549300CLBU2GPTQJWD47 N 1 0 0 N/A N N Y N N/A 0.00 0.00 N/A N N N N Leavell Investment Management, Inc. 801-14752 000107890 N/A N Ultimus Fund Solutions, LLC 084-05829 N/A N N N Intercontinental Exchange, Inc. 5493000F4ZO33MV32P92 N N US Bank National Association 6BYL5QZYBDK8S7L73M02 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N Ultimus Fund Solutions, LLC 084-05829 SEC File No. N N N Ultimus Fund Solutions, LLC 084-05829 SEC FILE NO. N N N CHARLES SCHWAB AND CO., INC. 008-16514 000005393 549300ZP8XN77GK5BS04 401.44999999 163.35000000 CHARLES SCHWAB AND CO., INC. 008-16514 000005393 549300ZP8XN77GK5BS04 6410743.75000000 6410743.75 N 50979049 N N N N The Jamestown Equity Fund S000001564 549300JDL4PVQI1JHC86 N 1 0 0 N/A N N Y N N/A 0.00 0.00 N/A Y Y N N Lowe, Brockenbrough and Company, Inc. 801-6691 000105142 N/A N Ultimus Fund Solutions, LLC 084-05829 N/A N N N Intercontinental Exchange, Inc. 5493000F4ZO33MV32P9 N N US Bank National Association 6BYL5QZYBDK8S7L73M02 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N Ultimus Fund Solutions, LLC 084-05829 SEC File No. N N N Ultimus Fund Solutions, LLC 084-05829 SEC FILE NO. N N N Hilltop Securities 008-45123 000006220 549300IXU82PMU6XZT45 1804.18 1804.18000000 0.00000000 Y 40289537.09000000 N N N N Davenport Core Fund S000001559 5493000IORVZ5ZKT8K09 N 1 0 0 N/A N N N N N/A 0.00 0.00 N/A N N N N Davenport & Company LLC 008-17103 000001588 254900GN2SAXJGLMS075 N Ultimus Fund Solutions, LLC 084-05829 N/A N N N Intercontinental Exchange, Inc. 5493000F4ZO33MV32P92 N N US Bank National Association 6BYL5QZYBDK8S7L73M02 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N Ultimus Fund Solutions, LLC 084-05829 SEC File No. N N N Ultimus Fund Solutions, LLC 084-05829 SEC FILE NO. N N N Davenport & Company LLC 008-17103 000001588 254900GN2SAXJGLMS075 0.00000000 Davenport & Company LLC 008-17103 000001588 254900GN2SAXJGLMS075 0.00000000 0.00000000 Davenport & Company LLC 008-17103 000001588 254900GN2SAXJGLMS075 410391712.87 410391712.87 N 647832557 N N N N true INTERNAL CONTROL RPT 2 williamsburgncen.htm

[LOGO APPEARS HERE]

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Shareholders and Board of Trustees of

Williamsburg Investment Trust

In planning and performing our audits of the financial statements of Williamsburg Investment Trust, comprised of Davenport Core Fund, Davenport Value & Income Fund, Davenport Equity Opportunities Fund, Davenport Small Cap Focus Fund, Davenport Balanced Income Fund, The Jamestown Equity Fund, FBP Equity & Dividend Plus Fund, FBP Appreciation & Income Opportunities Fund, The Government Street Equity Fund, and The Government Street Mid-Cap Fund (the “Funds”), as of and for the year ended March 31, 2021, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), we considered the Funds’ internal control over financial reporting, including controls over safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-CEN, but not for the purpose of expressing an opinion on the effectiveness of the Funds’ internal control over financial reporting. Accordingly, we express no such opinion.

The management of the Funds is responsible for establishing and maintaining effective internal control over financial reporting. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. A fund’s internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles (GAAP). A fund’s internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the fund; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with GAAP, and that receipts and expenditures of the fund are being made only in accordance with authorizations of management and trustees of the fund; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of a fund’s assets that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A material weakness is a deficiency, or combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the Funds’ annual or interim financial statements will not be prevented or detected on a timely basis.

Our consideration of the Funds’ internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control that might be material weaknesses under standards established by the PCAOB. However, we noted no deficiencies in the Funds’ internal control over financial reporting and its operation, including controls over safeguarding securities, that we consider to be a material weakness as defined above as of March 31, 2021.

This report is intended solely for the information and use of management and the Board of Trustees of the Funds and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties.

/s/ Cohen & Company

COHEN & COMPANY, LTD.

Milwaukee, Wisconsin

May 24, 2021