Convenient Cash Management Services. Your Cash at Work—All the Time

Davenport offers professionally managed money market portfolios and an Insured Deposit Program that address three primary goals:

1. Relative safety of principal
2. Excellent liquidity
3. Maximum current income

We believe your cash should never be idle. Each account is set up for sweep capabilities: all available cash balances, including dividends, interest, and proceeds from sales and other transactions, are automatically swept daily into the money market fund or the Insured Deposit Program you selected without a minimum dollar amount. Therefore, every dollar is working for you every day.

General Funds

State Specific Funds²

Pursue income that is exempt from both federal regular income tax and state taxes, provided you are investing in the fund specific to your state of legal residence. Funds are available for the following states:

Davenport also offers a selection of Federated money market funds with similar investment objectives available exclusively to our investment advisory clients. For more information and to determine if these funds are available to you, contact your Investment Executive.

The Insured Deposit Program

Davenport is pleased to introduce its newest addition to our brokerage account sweep choices for managing your cash. Administered by UMB Bank n.a (UMB), the Insured Deposit Program (IDP) offers competitive daily interest rates and FDIC insurance up to $1,500,000**.

The Insured Deposit Program may be used in place of your current money market fund cash sweep option on your Davenport brokerage account. Once selected, future free cash balances will be deposited in the IDP, which consists of accounts established at a number of FDIC insured banks by Davenport as agent for you and other clients. See the IDP Terms & Conditions for further details. Securities Investors Protection Corporation (SIPC) coverage continues on any balances invested in the money market in your brokerage account but those balances are not covered by FDIC insurance. Now may be an ideal time to consolidate cash balances held at other financial institutions with your Davenport brokerage account. Start earning a competitive return on your cash today. To sign up for the Insured Deposit Program sweep choice for your Davenport brokerage account, contact your Davenport Investment Executive today. To view the IDP Terms & Conditions, click here.

Davenport Source Account^SM –It's Your Choice!

Your Choice of one, two, or all three:

• Unlimited Check Writing
• Visa^® Check Card–Access your money market balance with the convenience of a Visa^® debit card at ATMs and merchants worldwide.
• Visa^® Platinum Rewards Credit Card–Choose between up to 1% Cash Rewards or Ultra Miles^® and Merchandise points on purchases.

The Source Account^SM Rewards Credit Card also offers:

• A low Annual Percentage Rate (APR) on balances.
• DirectPay—Automatically pay off your balance due from your Davenport money market balance or bank account.
• No Finance Charge ATM Transactions—Unique ability to avoid costly cash advance fees by withdrawing directly from your money market balance at ATMs—ATM Cash Withdrawal functionality with the credit card may be limited or not available overseas.

Source Account^SM clients may enjoy the following conveniences:

One, Two, or all Three for No Fee
Davenport offers all three services of the Source Account^SM, free of charge to clients with combined account balances of $25,000 or more.⁴

For more information on any of these services, or to obtain a Source Account^SM Enrollment Kit, contact your Investment Executive at 1-800-846-6666.

¹ Strategic Insight, 8/31/09
² Income may be subject to the federal alternative minimum tax and, in the case of Municipal Cash Series, state and local taxes.
³Investing on margin involves special risks. For more information, contact your Davenport Investment Executive. A minimum of $10,000 equity is needed for margin access.
⁴At its discretion, Davenport may waive the account balance requirement or make the Source Account^SM available to accounts below the minimum at an annual cost of $100.

An investment in money market funds is neither insured nor guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. Although money market funds seek to preserve the value of your investments at $1.00 per share, it is possible to lose money by investing in the funds.

For more information on the Insured Deposit Program, click here to view the Terms and Conditions or contact your Davenport Investment Executive at 1-800-846-6666.

*For more complete information on money market funds, view the prospectus provided on this website or contact your Investment Executive at 1-800-846-6666. You should consider the fund's investment objectives, risks, charges, and expenses carefully before you invest. Information about these and other important subjects is in the fund's prospectus, which you should read carefully before investing.

**IDP Deposits at each participating program bank are covered by FDIC insurance up to the amount provided by law. See the IDP Terms and Conditions for further details. The overall amount of FDIC Insurance will vary based on the number of participating program banks. As of October 14, 2009, the overall amount of FDIC coverage available is $1,500,000.

Brokerage Products are not FDIC InsuredNo Bank GuaranteesMay Lose Value