Tuesday, January 13, 2009 12:21:18 PM
http://www.tocquevillefunds.com/scvf_overview.html
The Small Cap Fund - Overview
The Daily NAV
Fund Name Symbol Closing Net Change YTD %Ret
Small Cap Fund TSCVX $8.44 -0.21 -6.01
The NAV, or Net Asset Value, per share is calculated by dividing the market value of the Fund's investments plus any cash or other assets less all liabilities by the number of Fund shares outstanding. The NAV is calculated as of the close of the New York Stock Exchange on each day that the Exchange is open for business.
Market Close as of 01/12/2009
The Tocqueville Small Cap Fund's investment objective is long-term capital appreciation. The Fund invests at least 80% of its net assets (which includes, for purposes of this test, the amount of borrowings for investment purposes) in common stocks of companies located in the United States that have market values of less than $3 billion. In general, we acquire investment ideas by identifying companies whose stock prices are down, or have lagged the market. We then analyze the quality of their business franchise and long-term fundamentals and make a judgment regarding their intrinsic value. Alternatively, we may identify companies with strong long-term business fundamentals and then wait for them to fall out of favor with investors in order to buy them at a discount to intrinsic value.
This small cap fund is designed for that portion of your portfolio targeted to small capitalization stocks. By using this fund in conjunction with the other funds in our family, you may get better diversification for your portfolio.
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