Welcome to MutualFunds.com. Please help us personalize your experience.

Select the one that best describes you

Your personalized experience is almost ready.

Join other Individual Investors receiving FREE personalized market updates and research. Join other Institutional Investors receiving FREE personalized market updates and research. Join other Financial Advisors receiving FREE personalized market updates and research.

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission, we hope you enjoy your experience

TGLDX Tocqueville Gold

  • Fund
  • TGLDX
  • Price as of: May 22, 2019
  • $29.81 - $0.37 - 1.23%
  • Category
  • Precious Metals

TGLDX - Profile

Vitals

  • YTD Return -3.1%
  • 3 Yr Annualized Return -7.2%
  • 5 Yr Annualized Return -5.2%
  • Net Assets $837 M
  • Holdings in Top 10 48.1%

52 WEEK LOW AND HIGH

$29.81
$27.68
$35.20

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

Investment Themes

CATEGORY

Precious Metals
  • Fund Type Open End Mutual Fund
  • Investment Style Equity Precious Metals

Distributions

  • YTD Total Return -3.1%
  • 3 Yr Annualized Total Return -7.2%
  • 5 Yr Annualized Total Return -5.2%
  • 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 27386459
  • 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.

TGLDX - Performance

Return Ranking - Trailing

Period TGLDX Return Category Return Low Category Return High Rank in Category (%)
YTD -3.1% -7.8% 6.2% 84.91%
1 Yr -15.0% -40.5% -2.4% 77.36%
3 Yr -7.2%* -28.3% -4.5% 50.94%
5 Yr -5.2%* -17.1% 0.2% 64.15%
10 Yr -3.5%* -14.5% -2.2% 2.78%

* Annualized


Return Ranking - Calendar

Period TGLDX Return Category Return Low Category Return High Rank in Category (%)
2018 -16.4% -42.5% -5.3% 60.38%
2017 8.9% -26.2% 13.8% 33.96%
2016 40.4% 4.6% 74.8% 64.15%
2015 -24.9% -31.7% -5.2% 75.47%
2014 -2.7% -28.3% -1.0% 13.21%

Total Return Ranking - Trailing

Period TGLDX Return Category Return Low Category Return High Rank in Category (%)
YTD -3.1% -7.8% 6.2% 84.91%
1 Yr -15.0% -40.5% -2.4% 77.36%
3 Yr -7.2%* -28.3% -0.9% 67.92%
5 Yr -5.2%* -17.1% 0.4% 73.58%
10 Yr -3.5%* -14.5% -2.2% 5.56%

* Annualized


Total Return Ranking - Calendar

Period TGLDX Return Category Return Low Category Return High Rank in Category (%)
2018 -16.4% -42.5% -5.3% 60.38%
2017 8.9% -26.2% 17.6% 49.06%
2016 40.4% 4.6% 74.8% 86.79%
2015 -24.9% -31.7% -5.2% 75.47%
2014 -2.7% -28.3% -1.0% 13.21%

NAV & Total Return History

TGLDX - Holdings

Concentration Analysis

TGLDX Category Low Category High TGLDX % Rank
Net Assets 837 M 14.4 M 1.37 B 26.42%
Number of Holdings 62 29 155 37.74%
Net Assets in Top 10 433 M 10.7 M 844 M 26.42%
Weighting of Top 10 48.13% 28.5% 68.5% 69.81%

Top 10 Holdings

  1. Gold Bullion 14.05%

  2. MAG Silver Corp 4.98%

  3. Detour Gold Corp 4.79%

  4. Franco-Nevada Corp 4.50%

  5. Wheaton Precious Metals Corp 4.24%

  6. Semafo Inc 3.31%

  7. Pan American Silver Corp 3.29%

  8. Corvus Gold Inc 3.22%

  9. Torex Gold Resources Inc 2.93%

  10. Agnico Eagle Mines Ltd 2.82%


Asset Allocation

Weighting Return Low Return High TGLDX % Rank
Stocks
83.05% 1.85% 100.09% 92.45%
Other
14.06% -5.94% 21.61% 7.55%
Cash
2.85% 0.09% 30.96% 28.30%
Bonds
0.04% 0.00% 67.07% 11.32%
Preferred Stocks
0.00% 0.00% 0.00% 35.85%
Convertible Bonds
0.00% 0.00% 0.28% 41.51%

Stock Sector Breakdown

Weighting Return Low Return High TGLDX % Rank
Basic Materials
78.64% 0.00% 100.09% 90.57%
Utilities
0.00% 0.00% 7.74% 37.74%
Technology
0.00% 0.00% 3.04% 39.62%
Real Estate
0.00% 0.00% 4.01% 37.74%
Industrials
0.00% 0.00% 9.40% 41.51%
Healthcare
0.00% 0.00% 3.77% 37.74%
Financial Services
0.00% 0.00% 13.02% 39.62%
Energy
0.00% 0.00% 5.53% 43.40%
Communication Services
0.00% 0.00% 5.46% 37.74%
Consumer Defense
0.00% 0.00% 3.00% 39.62%
Consumer Cyclical
0.00% 0.00% 3.05% 37.74%

Stock Geographic Breakdown

Weighting Return Low Return High TGLDX % Rank
Non US
76.99% 0.00% 95.96% 90.57%
US
6.06% 1.85% 24.99% 90.57%

Bond Sector Breakdown

Weighting Return Low Return High TGLDX % Rank
Corporate
2.27% 0.00% 33.11% 3.77%
Cash & Equivalents
0.62% 0.01% 63.10% 71.70%
Derivative
0.00% -0.02% 0.00% 35.85%
Securitized
0.00% 0.00% 1.06% 37.74%
Municipal
0.00% 0.00% 0.01% 37.74%
Government
0.00% 0.00% 0.76% 37.74%

Bond Geographic Breakdown

Weighting Return Low Return High TGLDX % Rank
US
0.04% 0.00% 56.14% 9.43%
Non US
0.00% 0.00% 10.93% 37.74%

TGLDX - Expenses

Operational Fees

TGLDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.42% 0.33% 4.28% 50.94%
Management Fee 0.87% 0.34% 1.01% 83.02%
12b-1 Fee 0.25% 0.00% 1.00% 35.90%
Administrative Fee 0.15% 0.04% 1.00% 57.14%

Sales Fees

TGLDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 1.00% 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% 12.50%

Turnover 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% 508.00% 18.87%

TGLDX - Distributions

Dividend Yield Analysis

TGLDX Category Low Category High TGLDX % Rank
Dividend Yield 0.00% 0.00% 0.20% 58.49%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

TGLDX Category Low Category High TGLDX % Rank
Net Income Ratio -0.88% -2.84% 1.38% 73.58%

Capital Gain Distribution Analysis

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

TGLDX - Managers

John C. Hathaway

Manager

Start Date

Tenure

Tenure Rank

Jun 29, 1998

20.85

20.9%

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

Manager

Start Date

Tenure

Tenure Rank

Jan 01, 2012

7.33

7.3%

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.


Ryan McIntyre

Manager

Start Date

Tenure

Tenure Rank

Jan 01, 2017

2.33

2.3%

Mr. McIntyre has been the co-portfolio manager of The Gold Fund since 2017. Mr. McIntyre is also a portfolio manager for the gold investment team at the Advisor. Mr. McIntyre joined Tocqueville in 2008 as a research Analyst and focused on generating ideas and monitoring investments related to precious metals. Prior to joining Tocqueville, Mr. McIntyre was an associate focused on mergers and acquisitions in the metals mining sector with Macquarie Bank. Mr. McIntyre earned a B.A. in Commerce with Distinction (majoring in finance) from Dalhousie University and an M.B.A. from the Yale School of Management. Mr. McIntyre achieved his Chartered Financial Analyst designation in 2005.


Tenure Analysis

Category Low

0.58

Category High

31.25

Category Average

11.31

Category Mode

2.95