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Home > Financial Services > Mutual Funds > Daedalus Funds
Daedalus Funds
Daedalus Funds invests in a portfolio of stocks that the advisor believes present the most favorable long-term potential for capital appreciation. The advisor selects stocks that perceived to be undervalued. It may also invest in securities convertible into common stocks and preferred stock, as well as cash, money market funds or short-term debt instruments. The fund is nondiversified.
Daedalus Capital, L.L.C.'s investment activities are guided by a simple premise they grow money. Their mission is to use The Alpha Strategy and the money value of time to consistently earn clients robust returns, regardless of the general market conditions. Good fortune to you. According to Morningstar, Chicken Little Growth Fund was ranked number one out of 1721 mutual funds in the Large Cap Growth category for the three month period ending December 31, 2005.
Performance data represents past performance and does not guarantee future results. The portfolio performance is calculated net of all fees and cost associated with the composite on a time-weighted rate of return basis for all investments and does include dividends reinvested, if there are any, and any other earnings that may occur. The composite includes all portfolios managed according to the Focused Equity strategy. Each discretionary fee-paying account under management at the beginning of each quarterly is included in the Composite. The Focused Equity strategy is a multi-cap core portfolio concentrated with 10-25 common stocks. This portfolio is reflected in no known index. Daedalus uses the Dow Jones Industrial Average as its benchmark since its 30 stocks best represent a conservative alternative for equity investors. This performance data is attested to by Beacon Verification Services, LLC.
Six years ago, Stephen Coleman named his firm Daedalus Capital after the mythological architect who fastened wings to his body to achieve flight. Since that time, the return on his carefully constructed portfolio has soared to heavenly heights. For instance, St. Louis-based Daedalus' annualized return of 51.33 percent since inception has far outstripped the S&P 500'S annualized return of 27.20 percent, earning kudos from Pension and Investments magazine as one of the top equity money managers.
With the type of returns the company has shown in the past through it may not be any guarantee for the future performance of the company, the odds are the company will manage similar results in the future too.
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