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Home > Financial Services > Mutual Funds > Baxter Financial
Baxter Financial
Baxter is president and chief operating officer at Baxter Financial. The company was founded in 1988. Though established in 1923 as an unincorporated association, Philadelphia Fund was incorporated under its present name in 1945. In 1949 the fund came under the management of the New York Stock Exchange member firm Fahnestock & Co. Universal Programs, a subsidiary, served as underwriter (from 1960) and as advisor (from 1976) until its dissolution in 1987. In 1988, Baxter Financial Corp. took over the fund.
The investment objectives sought by Philadelphia Fund are long-term growth of capital and of income. The investment policy is a flexible one. Management may hold cash, bonds, preferred and common stocks in any proportions it believes desirable. The fund may write listed call options and lend portfolio securities to enhance earning power.
Philadelphia investment seeks long-term growth of capital and income. The fund invests primarily in common stocks traded on the principal U.S. securities exchanges. Unlisted securities may also be acquired by this fund. The fund may employ wide flexibility when choosing securities. Management intends to spread risk and opportunities over many companies in different industries. It may invest up to 20 percent of assets in foreign issues. The fund may also sell covered and uncovered call options on its securities portfolio, and may buy and sell futures contracts. It may invest in debt obligations as well.
Total returns measure the change in a mutual fund's value over time. NAV returns do not include reinvested distributions. Load-adjusted returns include the impact of the maximum front-end load, or the deferred load, if applicable for the total return period. Returns for periods greater than one year are average annual returns for the period.
Volatility, or by what degree a fund's price moves in a positive or negative direction, is one measure of risk. Modern Portfolio theory statistics measure a mutual fund's historical volatility.
Investors are advised not pay too much attention to the top-performing funds over the past 12 months. Recent performance does not necessarily mean they will always out perform other mutual funds. It is the successful long term mutual funds performance and consistency that you should pay close attention to. You should also watch the annual fees or charges for the mutual funds investment. In general, you don't want to choose a high-expense fund if there is an equally attractive fund with lower expenses.
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