The Tocqueville Phoenix Fund
TOPHX
Other OTC- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 40 West 57th St. New York NY 10019
- IPO Date
- Jan 2, 2019
- CIK
- 0000801444
- Similar Companies
- Business
- The Tocqueville Phoenix Fund (TOPHX) is a mutual fund that seeks long-term preservation of capital and growth of capital by investing primarily in the common stocks of small- and mid-cap value companies that the portfolio managers consider undervalued, generate strong free cash flow, have shareholder-friendly management teams, and possess catalysts for improved financial performance; it may also invest in large-cap companies and equity securities of domestic companies believed to represent special situations. The fund operates within the U.S. equity value segment, targeting investors seeking capital appreciation outpacing inflation over extended periods through a bottom-up selection process focused on companies temporarily out of favor with investors. Managed by Tocqueville Asset Management L.P., headquartered in New York City and founded in 1985, the fund was previously known as the Delafield Fund prior to its name change on February 15, 2019. In a major strategic reorganization approved by shareholders, the Phoenix Fund merged into The Tocqueville Fund (TOCQX) on November 18, 2022, with its assets absorbed into the acquiring fund as part of The Tocqueville Trust, a Massachusetts statutory trust; the ticker TOPHX is no longer active for new investments following this consolidation. Current portfolio managers include Michael V. Sellecchia, who joined as co-manager in February 2021 after serving as a research analyst, and James Maxwell, co-manager since 2016; both bring extensive experience from prior roles at Delafield Asset Management and hold relevant credentials such as the CFA designation. The fund's investment activities are conducted domestically with a focus on U.S. issuers, serviced through U.S. Bank Global Fund Services in Kansas City, Missouri.