Tocqueville Opportunity
Name
As of 11/17/2022Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
-38.8%
1 yr return
-45.3%
3 Yr Avg Return
-5.3%
5 Yr Avg Return
-1.0%
Net Assets
$59.6 M
Holdings in Top 10
46.8%
52 WEEK LOW AND HIGH
$26.2
$23.81
$46.61
Expenses
OPERATING FEES
Expense Ratio 1.26%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 20.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
$250
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 11/17/2022Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
TOPPX - Profile
Distributions
- YTD Total Return -38.8%
- 3 Yr Annualized Total Return -5.3%
- 5 Yr Annualized Total Return -1.0%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -1.13%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annually
Fund Details
-
Legal NameTocqueville Opportunity Fund
-
Fund Family NameTocqueville
-
Inception DateAug 01, 1994
-
Shares Outstanding2234904
-
Share ClassNo Load
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerPaul Lambert
Fund Description
The Opportunity Fundseeks to achieve its investment objective by investing primarily in the common stocks of small and mid
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cap companies which have the potential to deliver above-average long-term earnings growth. Such companies may include, but not limited to, information technology, and health care companies. The Opportunity Fund defines small cap companies as companies with a market capitalization of less than $3 billion and mid cap companies as companies with a market capitalization greater than $3 billion but less than the largest stock by market capitalization in the Russell Midcap® Index. As of January 31, 2022, the largest stock by market capitalization in the Russell Midcap® Index had a market capitalization of $58,512 billion. In addition, the Opportunity Fund may invest in large cap companies. Market capitalization is measured at the time of initial purchase.
The portfolio manager will invest in common stocks that he believes will achieve the Opportunity Fund’s objective of long-term capital appreciation. In accordance with the portfolio manager’s investment discipline, he evaluates a number of key attributes and searches for companies which are market leaders in growth industries. The portfolio manager believes that a strong brand name and the ability to raise the prices of their service or product can be an equally significant consideration in research of the companies. The Opportunity Fund seeks to invest in companies whose sales and earnings have increased at a consistent rate. The portfolio manager’s investment approach includes the analysis of company financial statements in addition to meeting with corporate managements. The portfolio manager believes that companies should be evaluated through the analysis of various fundamental stock characteristics and he focuses on earnings
and sales growth, valuation, and profitability.
The Opportunity Fund seeks to achieve significant portfolio diversification by investing in a number of sectors and industries in the U.S. In addition, the Opportunity Fund may invest up to 20% of its net assets in non-U.S. securities, including in ADRs, in both developed and emerging markets.
While the Opportunity Fund is growth oriented, the portfolio manager does not distinguish between growth and value common stocks in his process of selecting the Opportunity Fund’s portfolio holdings.
Under normal conditions, the Opportunity Fund will reduce or liquidate its holdings in companies which reach the portfolio manager’s price objective, lose their competitive advantage or fail to sustain reasonable profitability.
TOPPX - Performance
Return Ranking - Trailing
| Period | TOPPX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -38.8% | -84.9% | 1708.3% | 92.45% |
| 1 Yr | -45.3% | -85.4% | 301.9% | 79.45% |
| 3 Yr | -5.3%* | -58.5% | 168.9% | 60.85% |
| 5 Yr | -1.0%* | -49.4% | 82.0% | 45.22% |
| 10 Yr | 4.9%* | -27.5% | 16.1% | 36.41% |
* Annualized
Return Ranking - Calendar
| Period | TOPPX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -3.5% | -80.9% | 21888.9% | 56.71% |
| 2022 | 21.4% | -25.2% | 800.0% | 14.89% |
| 2021 | 11.0% | -100.0% | 36.2% | 7.37% |
| 2020 | -4.2% | -100.0% | 8.8% | 55.62% |
| 2019 | 5.4% | -33.3% | 36.8% | 9.21% |
Total Return Ranking - Trailing
| Period | TOPPX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -38.8% | -84.9% | 1708.3% | 91.95% |
| 1 Yr | -45.3% | -85.4% | 301.9% | 79.63% |
| 3 Yr | -5.3%* | -58.5% | 168.9% | 61.20% |
| 5 Yr | -1.0%* | -47.0% | 82.0% | 57.43% |
| 10 Yr | 4.9%* | -22.8% | 17.5% | 60.42% |
* Annualized
Total Return Ranking - Calendar
| Period | TOPPX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -3.5% | -80.9% | 21888.9% | 56.71% |
| 2022 | 21.4% | -25.2% | 800.0% | 14.89% |
| 2021 | 11.0% | -100.0% | 36.2% | 7.37% |
| 2020 | -4.2% | -100.0% | 19.9% | 69.82% |
| 2019 | 5.4% | -33.3% | 36.8% | 14.85% |
NAV & Total Return History
TOPPX - Holdings
Concentration Analysis
| TOPPX | Category Low | Category High | TOPPX % Rank | |
|---|---|---|---|---|
| Net Assets | 59.6 M | 710 K | 85.5 B | 86.48% |
| Number of Holdings | 84 | 20 | 3702 | 37.19% |
| Net Assets in Top 10 | 36 M | 2.5 K | 10.9 B | 81.32% |
| Weighting of Top 10 | 46.76% | 5.5% | 92.1% | 14.05% |
Top 10 Holdings
- ServiceNow Inc 9.39%
- Paylocity Holding Corp 6.01%
- Workday Inc Class A 5.13%
- Invesco Shrt-Trm Inv Treasury Instl 5.06%
- Shopify Inc Registered Shs -A- Subord Vtg 4.96%
- DexCom Inc 4.65%
- Paycom Software Inc 4.41%
- Okta Inc Class A 3.13%
- Coupa Software Inc 2.09%
- Twilio Inc Class A 2.03%
Asset Allocation
| Weighting | Return Low | Return High | TOPPX % Rank | |
|---|---|---|---|---|
| Stocks | 94.54% | 23.99% | 100.52% | 91.57% |
| Cash | 5.47% | -0.52% | 26.94% | 6.78% |
| Preferred Stocks | 0.00% | 0.00% | 2.30% | 87.93% |
| Other | 0.00% | -2.66% | 23.05% | 87.60% |
| Convertible Bonds | 0.00% | 0.00% | 0.40% | 86.94% |
| Bonds | 0.00% | 0.00% | 44.75% | 87.77% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | TOPPX % Rank | |
|---|---|---|---|---|
| Technology | 51.32% | 0.04% | 62.17% | 1.98% |
| Healthcare | 18.69% | 0.00% | 43.77% | 40.00% |
| Industrials | 14.98% | 0.00% | 38.23% | 48.93% |
| Consumer Cyclical | 5.65% | 0.00% | 57.41% | 94.21% |
| Financial Services | 5.08% | 0.00% | 43.01% | 66.61% |
| Communication Services | 2.63% | 0.00% | 18.33% | 56.69% |
| Real Estate | 0.91% | 0.00% | 19.28% | 76.69% |
| Basic Materials | 0.56% | 0.00% | 17.25% | 74.05% |
| Consumer Defense | 0.17% | 0.00% | 16.40% | 79.17% |
| Utilities | 0.00% | 0.00% | 12.94% | 90.08% |
| Energy | 0.00% | 0.00% | 62.10% | 94.38% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | TOPPX % Rank | |
|---|---|---|---|---|
| US | 86.43% | 23.38% | 100.52% | 87.11% |
| Non US | 8.11% | 0.00% | 35.22% | 17.69% |
TOPPX - Expenses
Operational Fees
| TOPPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.26% | 0.02% | 2.69% | 26.92% |
| Management Fee | 0.75% | 0.00% | 1.50% | 65.55% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 61.03% |
| Administrative Fee | 0.15% | 0.00% | 0.40% | 82.09% |
Sales Fees
| TOPPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 0.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.50% | N/A |
Trading Fees
| TOPPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | 48.28% |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| TOPPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 20.00% | 0.00% | 417.06% | 21.25% |
TOPPX - Distributions
Dividend Yield Analysis
| TOPPX | Category Low | Category High | TOPPX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 46.91% | 88.93% |
Dividend Distribution Analysis
| TOPPX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annually | Annually | Quarterly | Annually |
Net Income Ratio Analysis
| TOPPX | Category Low | Category High | TOPPX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -1.13% | -2.24% | 2.75% | 85.74% |
Capital Gain Distribution Analysis
| TOPPX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
TOPPX - Fund Manager Analysis
Managers
Paul Lambert
Start Date
Tenure
Tenure Rank
Nov 01, 2019
2.58
2.6%
Paul Lambert joined Tocqueville in 2010. Before that, Mr. Lambert was an analyst with Key Bank within its Asset Recovery Group where he worked with distressed middle companies as they restructured their debt. Mr. Lambert received his A.A. from Dean College and a B.S. from Babson College. He also holds the CFA designation.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.04 | 36.3 | 9.18 | 2.25 |