The Delafield Fund (MUTF: DEFIX) is a mid-cap value fund for IRA investors and certain 401k plans. It invests primarily in undervalued stocks that have significant price appreciation potential.
Here are the specifics for the Delafield Fund for today’s mutual fund spotlight:
Investing Strategy: The Delafield Fund seeks to preserve investors’ principal and capital growth by investing in mid-cap companies that offer significant capital growth potential. It may appeal to long term growth and income seeking investors. 81% of the fund’s assets are invested in common stocks, 17% is held in cash and 1% in bonds.
Expense Ratio: With a 1.29% expense ratio and no transaction fee, the Delafield Fund is low to moderately priced, when compared with other funds in the category and it enjoys a Morningstar rating of 4 stars.
Top 5 Holdings: The top five stocks in the Delafield Fund include U.S. short term treasury mutual fund Invesco Short Term Inv Treasury Instrument at 17.18%, electronics manufacturer Flextronics International, Ltd. (NASDAQ: FLEX) at 3.15%, construction and industrial manufacturer Stanley Black & Decker Inc. (NYSE: SWK) at 2.65%, shoe manufacturer and retailer Collective Brands, Inc. (NYSE: PSS) at 2.63%, and retail shrink management specialist Checkpoint Systems, Inc. (NYSE: CKP) at 2.47%.
Returns: The fund’s 12-month return of 21% outperformed the broader market’s approximate 18% return during the same period. Its 5-year return of 23% also beat the Dow Jones Industrial Average’s 13%, return, and the S&P 500’s 6% return during that same period. .
Other Fund Statistics
- Total Assets: $1.4 billion (as of 5/20/11)
- Minimum Investment: $2,500
- Fund manager: J. Dennis Delafield and Vincent Sellecchia
- Manager’s Tenure: Since November 1993
