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.