TGLDX: Tocqueville Gold

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TGLDX Tocqueville Gold

  • Fund
  • TGLDX
  • Price as of: Dec 05, 2019
  • $38.48
    + $0.22 + 0.58%

Profile

TGLDX - Profile

Vitals

  • YTD Return 25.1%
  • 3 Yr Annualized Return 4.0%
  • 5 Yr Annualized Return 3.4%
  • Net Assets $1 B
  • Holdings in Top 10 51.2%

52 WEEK LOW AND HIGH

$38.48
$28.93
$43.46

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.42%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 9.00%

TRADING FEES

  • Max Redemption Fee 2.00%

Min Investment

  • Standard (Taxable) $1,000
  • IRA $250

Fund Classification


Distributions

  • YTD Total Return 24.4%
  • 3 Yr Annualized Total Return 4.0%
  • 5 Yr Annualized Total Return 3.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.88%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Tocqueville Gold Fund
  • Fund Family Name
    Tocqueville
  • Inception Date
    Jun 29, 1998
  • Shares Outstanding
    25661346
  • Share Class
    No Load
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    John C. Hathaway

Fund Description

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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Categories

Performance

TGLDX - Performance

Return Ranking - Trailing

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

Return Ranking - Calendar

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%

Total Return Ranking - Trailing

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

Total Return Ranking - Calendar

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%

NAV & Total Return History


Holdings

TGLDX - Holdings

Concentration Analysis

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%

Top 10 Holdings

  1. Gold Bullion 14.28%
  2. Detour Gold Corp 6.68%
  3. Franco-Nevada Corp 4.88%
  4. MAG Silver Corp 4.65%
  5. Wheaton Precious Metals Corp 4.17%
  6. Pan American Silver Corp 3.72%
  7. Semafo Inc 3.38%
  8. Corvus Gold Inc 3.35%
  9. Torex Gold Resources Inc 3.04%
  10. Agnico Eagle Mines Ltd 3.00%

Asset Allocation

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%

Stock Sector Breakdown

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%

Stock Geographic Breakdown

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%

Expenses

TGLDX - Expenses

Operational Fees

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%

Sales Fees

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

Trading Fees

TGLDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 2.00% 0.05% 2.00% 2.50%

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.

TGLDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 9.00% 6.00% 528.00% 5.93%

Distributions

TGLDX - Distributions

Dividend Yield Analysis

TGLDX Category Low Category High TGLDX % Rank
Dividend Yield 0.00% 0.00% 7.36% 44.92%

Dividend Distribution Analysis

TGLDX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Semi-Annually Annually

Net Income Ratio Analysis

TGLDX Category Low Category High TGLDX % Rank
Net Income Ratio -0.88% -2.27% 2.90% 92.11%

Capital Gain Distribution Analysis

TGLDX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

TGLDX - Fund Manager Analysis

Managers

John C. Hathaway


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.

Douglas B. Groh


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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 31.84 8.99 13.34