3 / 5 Stars
4 3 2 4 4
Zacks Investment Research
Standard & Poor's
2 / 5 Stars
#56 in Mid-Cap Value
U.S. News evaluated 109 Mid-Cap Value Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned 21.39 percent over the past year, 11.12 percent over the past three years, 28.36 percent over the past five years, and 10.63 percent over the past decade.
|Trailing Returns||Updated 02.28.2014|
|Year to date||-0.2%|
|3 Years (Annualized)||11.1%|
|5 Years (Annualized)||28.4%|
|10 Years (Annualized)||10.6%|
The Delafield Fund's steady performance has led to stellar long-term results.
As of March 05, 2014, the fund has assets totaling almost $1.77 billion invested in 74 different holdings. Its portfolio consists of stocks that span the market-cap spectrum.
After outrunning the broader market by more than 28 percentage points in 2009, the fund posted a solid 26 percent return last year. Early in 2011, the fund initiated a position in Celanese Corporation, an industrial chemicals company. This proved to be good timing, as the company's share prices hit a 52-week high in May. By sector, the fund is a bit concentrated. The basic materials, industrials, and technology sectors represent almost 80 percent of its stock portfolio. Meanwhile, the fund has a significant portion of its assets tucked away in cash. Compared with its peers, this fund's average market cap is quite low. In fact, it's less than half the average for Morningstar's mid-cap value category. The fund has returned 21.39 percent over the past year and 11.12 percent over the past three years.
Historically, this fund has had its fair share of middling years. Nonetheless, its long-term numbers are quite hard to argue with. As of the end of the first quarter, its trailing 10-year returns beat those of its Morningstar category by an average of 4.7 percentage points per year. The fund has returned 28.36 percent over the past five years and 10.63 percent over the past decade.
According to the fund's prospectus: "The Delafield Fund seeks to achieve its objectives by investing primarily in the equity securities ... of domestic companies. Specifically, the Delafield Fund will primarily invest in equity securities of domestic companies which the portfolio managers believe to be undervalued or to represent special situations. An example of a special situation is a company undergoing change that might cause its market value to grow at a rate faster than the market generally."
Role in Portfolio
Morningstar calls the fund a "supporting player."
J. Dennis Delafield and Vincent Sellecchia manage the fund.
The Delafield Fund has an expense ratio of 1.21 percent.
Like all stock funds, this one comes with some risks.