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DAILY NAV as of 02/24/2021: Phoenix Fund TOPHX $24.77 +0.56
Mutual Funds » Phoenix Fund

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 the equity securities (i.e., common stocks, securities convertible into common stocks or rights or warrants to subscribe for or purchase common stocks) of domestic companies that appear undervalued
  • Seek companies influenced by special situations, such as management changes, mergers and acquisitions, or hidden or under-appreciated assets

J. Dennis Delafield
, Co-Portfolio Manager

J. Dennis Delafield, CFA is a Senior Portfolio Manager at Tocqueville Asset Management L.P. Mr. Delafield joined Tocqueville in 2009 and manages discretionary and advisory portfolios for individual and institutional accounts. He is also a co-portfolio manager of The Tocqueville Phoenix Fund and The Tocqueville Select Fund. Prior to joining Tocqueville, Mr. Delafield was a Managing Director of Reich & Tang Asset Management, LLC, which had joined with Mr. Delafield’s Delafield Asset Management, Inc., in 1991. Mr. Delafield founded Delafield Asset Management, Inc., in 1980, after leaving David J. Greene as a Managing Partner, where he was for ten years. Mr. Delafield joined Sterling, Grace & Co. in New York in 1959, where he became the Partner in charge of research in their investment advisory services area. He started his career in 1957 at Security Associates, Inc., in Winter Park, Florida. Mr. Delafield earned a B.A. from Princeton University and is a holder of the CFA designation. 

James Maxwell
, Co-Portfolio Manager

James Maxwell, CFA, is a co-portfolio manager of The Tocqueville Phoenix Fund and The Tocqueville Select Fund. Prior to joining Tocqueville in 2009, Mr. Maxwell spent three years at Delafield Asset Management. Mr. Maxwell graduated Cum Laude from Northern Arizona University and holds the CFA designation.

Joshua Kaufthal
, Co-Portfolio Manager

Joshua Kaufthal is a co-portfolio manager of The Tocqueville Phoenix Fund and The Tocqueville Select Fund.  Prior to joining Tocqueville in 2009, Mr. Kaufthal spent six years at Delafield Asset Management and three years as an equity analyst in the research department of UBS. He began his career at Bear Stearns as a financial analyst. Mr. Kaufthal earned a BA from the University of Pennsylvania.

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Fund News

2020 Distributions, 12/11/2020
The Tocqueville Funds paid a distribution on December 11, 2020. The Record Date was December 10,...
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SPECIAL DISTRIBUTIONS for TOPHX and TSELX, 11/14/2019
The Tocqueville Phoenix and Select Funds paid a special distribution in connection with the...
»Read More
» More News

Insights

Phoenix Fund 4Q20 Shareholder Letter, 01/26/2021
The investment team discusses the quarterly results of the Tocqueville Phoenix Fund for the period...
»Read More
» More Insights

Top Holdings

as of 01/31/2021

% of Total Assets

Flex Ltd. 4.57%
Lumentum Holdings, Inc. 4.27%
Fabrinet 3.8%
DXC Technology Co. 3.68%
TEGNA, Inc. 3.61%
Apogee Enterprises, Inc. 3.39%
Acuity Brands, Inc. 3.38%
Unisys Corp. 3.35%
TTM Technologies, Inc. 3.35%
Harsco Corp. 3.11%
Updated monthly
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Tim Steele is an artist living in New York City and the founder of Tim Steele Design. As a career artist, he has also expanded into the related disciplines of interior design and contemporary structures. 
 

With solo and group exhibitions spanning 20 years, Tim’s abstract pieces are shown in galleries, public spaces and in private collections around the world. An extension of his painting, his interior work includes NYC apartments, private homes, executive offices and entire commercial floors. With an interest in utilizing recycled and new materials, Tim is also creating modular structures that are based on shipping containers.

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Artwork: Tim Steele, New York NY