Annual Fund Operating Expenses after Fee Waiver/Expense Reimbursement: 1.26%
The Advisor has contractually agreed to waive management fees and/or reimburse expenses in order to ensure that the Funds expense ratio does not exceed 1.25% (excluding taxes, interest expense, acquired fund fees and expenses, or extraordinary expenses such as litigation) until at least 3/1/2020. In the absence of these fee waivers, total returns would be lower.
Performance data on this page represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Average annual return reflects annualized change whereas total return reflects aggregate change, and is not annualized. The current performance may be lower or higher than the performance data quoted. The above charts assume reinvestment of capital gains and dividends and are not intended to imply any future performance.
Performance for the periods prior to 9/27/09 reflect the performance of Tocqueville Phoenix Fund, Inc. (the Predecessor Tocqueville Phoenix Fund), which was reorganized into the Tocqueville Phoenix Fund on 9/28/09. The Predecessor Delafield Fund had the same Portfolio Managers, investment objectives and investment strategies as the Tocqueville Phoenix Fund. Performance since 9/28/09 reflects actual Tocqueville Phoenix Fund performance.
The Russell 2000 Index consists of the smallest 2,000 companies in a group of 3,000 U.S. companies in the Russell 3000 Index, as ranked by market capitalization. The S&P 500 Index is a market-value weighted index consisting of 500 stocks chosen for market size, liquidity, and industry group representation. You cannot invest directly in an index.
There are special risks associated with investing in small and mid cap stocks, including: small companies rely on limited product lines, financial resources and business activities that may make them more susceptible than larger companies to setbacks or downturns; and small and mid cap stocks are less liquid and more thinly traded which make them more volatile than stocks of larger companies. In addition, there are special risks associated with investing in foreign securities, including: the value of foreign currencies may decline relative to the US dollar; a foreign government may expropriate the Funds assets; differences in accounting methods; and political, social or economic instability in a foreign country in which the Fund invests may cause the value of the Funds investments to decline. The above listed risks associated with foreign securities are more likely in the securities of companies located in emerging markets.
Please consider the investment objectives, risks and charges and expenses of the Fund carefully before investing. The prospectus contains this and other information about the Fund. For more complete information on this Fund, including its charges and expenses, please obtain a free prospectus by downloading a copy from this website, by contacting an authorized broker/dealer, or by calling 1-. Please read the prospectus carefully before you invest or send money.
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, Tims 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.