Tocqueville Gold Fund (TGLDX)

One of the popular and best precious metals mutual funds is Tocqueville Gold fund. This Tocqueville fund has been rated among the best gold mutual fund. Details about this fund review can be found below.

Tocqueville Gold (MUTF: TGLDX)

The investment aim of Tocqueville Gold fund is to provide long-term capital appreciation. This precious metals equity fund uses its assets to purchase gold and securities of companies engaged in mining or processing gold. The companies may be located around the world, either developed market or emerging markers. It may also invest in other precious metals.

Fund Profile

• Fund Inception Date: June 29, 1998
• Ticker Symbol: TGLDX
• CUSIP: 888894862
• Beta (3yr): 68.94
• Rank in category (YTD): 21%
• Category: Equity Precious Metals
• Yield: 0.00%
• Capital Gains: 0%
• Expense Ratio: 1.25%
• Net Assets: $ 2.28 billion
• Number of Years Up: 9 years
• Number of Years Down: 4 years
• Annual Turnover Rate: 3.00%

Updated on 5/30/2012

John Hathaway and Doug Groh are co-portfolio managers of this Tocqueville Gold Fund. It currently has total net assets of $2.28 billion. The fund’s inception date was on June 29, 1998. The dividend yield is 0.00%. Its annual holdings turnover is quite low (3.00%) as of April 13, 2012 compared to the average in the category (97.14%). The fund has 1.25% expense ratio and the 12b1 fee is 0.25%.

Tocqueville Gold fund

Morningstar rated this domestic stock fund with 4-stars rating. The 5-year average return of this precious metals mutual fund is 11.27%. Based on the load adjusted returns, this equity fund has returned 8.46% over the past 5-year and 19.11% over the past 10-year. The fund has recorded its best return in 2009 with 86.60%. The fund has a 3-years beta of 68.94.

Investors can buy this top precious metals fund with a minimum initial funding of $1,000 for regular brokerage account. The minimum subsequent investment is $100. This funding is also valid for retirement (IRA) account. There is no maximum sales charge for investing in this fund. The fund is available for purchases through E Trade Financial, JP Morgan, Schwab Retail, Vanguard NTF, Raymond James, Ameriprise Brokerage, Royal Alliance, etc.

As of March 31, 2012, the top 10 stocks in its assets are Physical Gold (7.18%), Goldcorp Inc (5.65%), Eldorado Gold Corporation (4.98%), Osisko Mining Corporation (4.56%), Newmont Mining Corporation (4.09%), Gold Resource Corporation (3.97%), Silver Wheaton Corporation (3.95%), Randgold Resources Limited (3.44%), Royal Gold Inc (3.3%) and Franco-Nevada Corporation (3.09%).

Principal Risks

According to the fund’s prospectus, the investment risks include: precious metals risk, foreign investment risk, market risk, etc.

Goods and Bads

Pros:

• No sales load
• Good long term performance
• Low holding turnover rate

Cons:

• Non-diversified and high risk

Disclosure: No Position

Other precious metals mutual fund articles:

• First Eagle Gold Fund