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The Tocqueville Gold Fund (TGLDX) is an actively managed fund that bets on the precious metals sector. It uses various value metrics to determine which companies in the gold and precious metal space are trading at discounts to their intrinsic worth. TGLDX can own stocks domiciled in any nation across any market-cap size. The fund can and does hold physical gold either through bullion, coins or shares in gold ETFs.
Given that fees for the fund run on the expensive side and its narrow focus, TGLDX should be used as a side position in a diversified portfolio. The fund is internally managed by Tocqueville Asset Management.
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| Period | TGLDX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 25.1% | -38.8% | 47.2% | 38.60% |
| 1 Yr | 34.0% | -48.8% | 58.5% | 39.66% |
| 3 Yr | 4.0%* | -32.1% | 9.9% | 33.33% |
| 5 Yr | 3.4%* | -20.8% | 12.0% | 39.60% |
| 10 Yr | -3.8%* | -12.3% | 7.5% | 50.00% |
* Annualized
| Period | TGLDX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2018 | -16.4% | -46.3% | -1.6% | 40.00% |
| 2017 | 8.9% | -39.4% | 19.1% | 39.05% |
| 2016 | 40.4% | 3.4% | 50.2% | 22.77% |
| 2015 | -24.9% | -31.0% | 0.0% | 76.00% |
| 2014 | -2.7% | -26.2% | 55.4% | 15.46% |
| Period | TGLDX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 24.4% | -40.7% | 46.0% | 35.96% |
| 1 Yr | 34.0% | -50.4% | 58.5% | 37.07% |
| 3 Yr | 4.0%* | -32.8% | 10.8% | 37.04% |
| 5 Yr | 3.4%* | -14.2% | 11.7% | 46.53% |
| 10 Yr | -3.8%* | -12.3% | 8.9% | 61.25% |
* Annualized
| Period | TGLDX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2018 | -16.4% | -46.3% | -1.6% | 40.00% |
| 2017 | 8.9% | -9.5% | 22.7% | 43.81% |
| 2016 | 40.4% | 4.1% | 73.0% | 34.65% |
| 2015 | -24.9% | -31.0% | 0.6% | 76.00% |
| 2014 | -2.7% | -26.2% | 55.4% | 18.56% |
| TGLDX | Category Low | Category High | TGLDX % Rank | |
|---|---|---|---|---|
| Net Assets | 1 B | 1.87 M | 1.63 B | 17.80% |
| Number of Holdings | 64 | 21 | 328 | 41.53% |
| Net Assets in Top 10 | 516 M | 178 K | 1.21 B | 17.80% |
| Weighting of Top 10 | 51.15% | 14.5% | 72.1% | 33.90% |
| Weighting | Return Low | Return High | TGLDX % Rank | |
|---|---|---|---|---|
| Stocks | 83.20% | 19.96% | 100.73% | 88.14% |
| Other | 16.30% | -0.13% | 23.22% | 6.78% |
| Cash | 0.49% | -0.73% | 80.17% | 71.19% |
| Preferred Stocks | 0.00% | 0.00% | 0.00% | 0.85% |
| Convertible Bonds | 0.00% | 0.00% | 2.04% | 10.17% |
| Bonds | 0.00% | 0.00% | 8.67% | 13.56% |
| Weighting | Return Low | Return High | TGLDX % Rank | |
|---|---|---|---|---|
| Basic Materials | 82.37% | -1.29% | 99.45% | 34.75% |
| Utilities | 0.00% | 0.00% | 33.13% | 24.58% |
| Technology | 0.00% | 0.00% | 18.26% | 27.97% |
| Real Estate | 0.00% | 0.00% | 1.02% | 13.56% |
| Industrials | 0.00% | 0.00% | 44.76% | 61.86% |
| Healthcare | 0.00% | 0.00% | 14.36% | 19.49% |
| Financial Services | 0.00% | -0.01% | 0.97% | 5.93% |
| Energy | 0.00% | 0.00% | 77.87% | 57.63% |
| Communication Services | 0.00% | 0.00% | 3.81% | 5.93% |
| Consumer Defense | 0.00% | -0.32% | 10.62% | 23.73% |
| Consumer Cyclical | 0.00% | 0.00% | 18.35% | 40.68% |
| Weighting | Return Low | Return High | TGLDX % Rank | |
|---|---|---|---|---|
| Non US | 77.30% | 0.34% | 94.03% | 34.75% |
| US | 5.90% | 3.11% | 95.71% | 90.68% |
| TGLDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.42% | 0.47% | 11.69% | 45.61% |
| Management Fee | 0.87% | 0.00% | 1.25% | 72.03% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 16.22% |
| Administrative Fee | 0.15% | 0.01% | 1.00% | 63.79% |
| TGLDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
| TGLDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | 2.00% | 0.05% | 2.00% | 2.50% |
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.
| TGLDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 9.00% | 6.00% | 528.00% | 5.93% |
| TGLDX | Category Low | Category High | TGLDX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 7.36% | 44.92% |
| TGLDX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
| TGLDX | Category Low | Category High | TGLDX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.88% | -2.27% | 2.90% | 92.11% |
| TGLDX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Start Date
Tenure
Tenure Rank
Jun 29, 1998
21.44
21.4%
John Hathaway, CFA, is a Senior Portfolio Manager at Tocqueville Asset Management L.P. Mr. Hathaway joined Tocqueville in 1997 where he is a co‐portfolio manager of the Tocqueville Gold Fund as well as other investment vehicles in the Gold Equity strategy. He is also the portfolio manager of private funds. Prior to joining Tocqueville, Mr. Hathaway co‐founded and managed Hudson Capital Advisors followed by seven years with Oak Hall Advisors as the Chief Investment Officer in 1986. In 1976, he joined the investment advisory firm David J. Greene and Company, where he became a Partner. Mr. Hathaway began his career in 1970 as an Equity Analyst with Spencer Trask & Co. Mr. Hathaway earned a B.A. from Harvard College and an M.B.A. from the University of Virginia. Mr. Hathaway is also the Chairman of Tocqueville Management Corporation, the General Partner of Tocqueville. He also holds the CFA designation.
Start Date
Tenure
Tenure Rank
Jan 01, 2012
7.92
7.9%
Douglas B. Groh is a Portfolio Manager at Tocqueville Asset Management L.P. He joined Tocqueville in 2003. Prior to joining Tocqueville, Mr. Groh was Director of Investment Research at Grove Capital from 2001 to 2003 and from 1990 to 2001 held investment research and banking positions at J.P. Morgan, Merrill Lynch and ING Bank. Mr. Groh began his career as a mining and precious metals analyst in 1985 at U.S. Global Investors. Mr. Groh earned a B.S. in Geology and Geophysics from the University of Wisconsin-Madison and an M.A. from the University of Texas at Austin, where he focused on mineral economics.
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 31.84 | 8.99 | 13.34 |
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