The Delafield Fund - Overview
| Fund Name | Symbol | Closing | Net Change | YTD %Ret | |
| Delafield Fund | DEFIX | $24.59 | -0.09 | +5.45 | |
| The NAV, or Net Asset Value, per share is calculated by dividing the market value of the Fund's investments plus any cash or other assets less all liabilities by the number of Fund shares outstanding. The NAV is calculated as of the close of the New York Stock Exchange on each day that the Exchange is open for business. Market Close as of 7/29/2010 |
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The Delafield Fund's investment objective is to preserve and grow capital for shareholders through a conservative investment posture. Management attempts to limit market risk through careful stock selection made only at measured prices. As a result of this risk averse, contrarian approach to individual stock selection, investments may be made in undervalued companies that are generally under temporary price pressure, are misunderstood, or unwanted. Additionally, there are certain sectors such as financials and utilities, where there has been nominal, if any, exposure over the years. The Delafield Fund is not built to mimic a specific benchmark, but rather seeks to develop a portfolio based on independent research.
The investment approach is driven by bottom-up value/special situation analysis. Money is managed on the premise that internally generated proprietary research and a focus on smaller capitalization companies not generally followed by Wall Street will produce superior returns over a market cycle. Management’s investment process focuses on assessing value in relation to earning power, emphasizing free cash flow, and evaluating management philosophy, capability, and commitment.
While management has the ability to invest across all market caps, historically The Delafield Fund has been heavily concentrated in the small- and mid-cap cap spectrums. The Fund is managed in a tax-efficient manner and is absolute returns oriented.
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The information presented is not a solicitation to subscribe to the Delafield Fund, which may only be made by prospectus. Please consider the investment objectives, risks, and charges and expenses of the Fund carefully before investing. For more complete information on any of the Funds including their charges and expenses, please obtain a free prospectus by downloading a copy from this website, by contacting one of the broker/dealers listed on this site, or by calling 1-800-697-3863. Please read the prospectus carefully before you invest or send any money.
Performance data presented represents past performance and does not guarantee future performance. The investment return and principal value of an investment will fluctuate and the investor's shares, when redeemed, may be worth more or less than their original cost. The current performance may be lower or higher than the performance data quoted. The Funds are distributed by Tocqueville Securities L.P., which is a registered broker-dealer and member of the Financial Industry Regulatory Authority, Inc. Tocqueville Asset Management L.P., the Funds' investment advisor, is an affiliate of Tocqueville Securities L.P.