"The highest use of Capital is not to make more money, but to make money do more for the betterment of life."
- Henry Ford
| Objective | Achieve
long term growth of capital and income |
Click Here For Daily Price & Distribution Information. Top Ten Holdings |
| Investment Advisor | Donald H.
Baxter (Since May 1, 1987) |
|
| Minimum Investment | $1,000
Initial / $0
Subsq. |
|
| Total Net Assets | $63.7
million (as of 09/30/08) |
|
| Newspaper Symbol: | Phila |
|
| Symbol: | PHILX |
|
| Fund
Address & Phone: |
1200
North Federal Highway Suite 424 Boca Raton, FL 33432 (800) 749-9933 |
A
Little History
The Fund, a Maryland corporation, is the surviving corporation of a merger with the Philadelphia Fund, Inc., a Delaware corporation. On November 30, 1984, the Fund was reorganized for the purpose of continuing the operations of the Delaware corporation. The sole purpose of the merger was to change the Fund’s state of incorporation from Delaware to Maryland. The Delaware corporation was incorporated on July 5, 1945 for the purpose of acquiring and continuing the business of the Securities Fund, an unincorporated investment company organized in 1923.
The Securities Fund, predecessor of the Philadelphia Fund, was organized in 1923 by W. Wallace Alexander. He and his associates managed the Securities Fund until December 1928 when W. Wallace Alexander, Inc. became the manager. W. Wallace Alexander, Inc. remained the manager of the Securities Fund until its acquisition by Philadelphia Fund, when Alexander Investment Management Co. became the manager. Over the years, the Fund has been managed by several investment advisors. The Fund’s current investment advisor is Baxter Financial Corporation.
