James Maxwell, CFA, has been a co-portfolio manager of the Phoenix Fund since June 2016. Mr. Maxwell joined the Advisor in 2009. Prior to joining the Advisor, Mr. Maxwell spent three years at Delafield Asset Management, a division of Reich & Tang Asset Management LLC, the Predecessor Delafield Fund’s investment adviser. Mr. Maxwell graduated Cum Laude with a double major in Finance and Economics from Northern Arizona University. Mr. Maxwell achieved his Chartered Financial Analyst designation in 2011.
DAILY NAV as of 05/18/2022:
Phoenix Fund
TOPHX
$20.6
-0.56
Tocqueville Phoenix Fund
Fund Objective
To achieve long-term capital preservation (sufficient growth to outpace inflation over an extended period of time) and growth of capital
Investment Strategy
- Invest primarily in small and mid-cap value companies that we consider to be undervalued, generate strong free cash flow, have shareholder friendly management teams and possess a catalyst for improved financial performance.
- A catalyst for improved performance includes such items as a new management team and/or board members that have successful track records; an improved corporate strategy; M&A activity; operational restructuring that improves industry competitiveness; and the introduction of unique products that will meaningfully improve sales and/or profitability.
- The rigorous value oriented, fundamental research process includes financial statement analysis, in person (virtual) meetings with C-level management, competitive company analysis, plant visits and product demos.
James Maxwell
, Co-Portfolio Manager
Michael Sellecchia
, Co-Portfolio Manager
Michael Sellecchia has been a co-portfolio manager of the Tocqueville Phoenix Fund since February 2021. Mr. Sellecchia joined the Advisor in 2009. Prior to joining Tocqueville, he spent one year at Delafield Asset Management, a division of Reich & Tang Asset Management LLC. Earlier, he spent two years with a small private equity firm and one year with UBS doing equity research. Mr. Sellecchia received his B.A. in Economics from Boston College.
Fund News
2021 Distributions, 12/10/2021
The Tocqueville Funds paid a distribution on December 10, 2021.
The Record Date was December 9,...
2020 Distributions, 12/11/2020
The Tocqueville Funds paid a distribution on December 11, 2020.
The Record Date was December 10,...
Insights
Tocqueville Phoenix Fund Shareholder Letter, 04/19/2022
The investment team discusses the quarterly results of the Tocqueville Phoenix Fund for the period...
Top Holdings
as of 03/31/2022 |
% of Total Assets |
|---|---|
| Lumentum Holdings, Inc. | 4.92% |
| ams-OSRAM AG | 4.68% |
| Flex Ltd. | 4.67% |
| Orion Engineered Carbons SA | 4.41% |
| Fabrinet | 3.96% |
| Apogee Enterprises, Inc. | 3.89% |
| Crane Co. | 3.78% |
| TTM Technologies, Inc. | 3.6% |
| Inogen, Inc. | 3.44% |
| Cars.com, Inc. | 3.18% |
Updated monthly
© 2017 Tocqueville Asset Management L.P.
