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Name

As of 06/01/2026

Price

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

The Tocqueville Fund

TOCQX | Fund

$64.49

$601 M

0.10%

$0.06

1.28%

Vitals

YTD Return

19.9%

1 yr return

46.0%

3 Yr Avg Return

24.8%

5 Yr Avg Return

14.9%

Net Assets

$601 M

Holdings in Top 10

41.2%

52 WEEK LOW AND HIGH

$65.2
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.28%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 11.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000

IRA

$250

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 06/01/2026

Price

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

The Tocqueville Fund

TOCQX | Fund

$64.49

$601 M

0.10%

$0.06

1.28%

TOCQX - Profile

Distributions

  • YTD Total Return 19.9%
  • 3 Yr Annualized Total Return 24.8%
  • 5 Yr Annualized Total Return 14.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.55%
DIVIDENDS
  • Dividend Yield 0.1%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    The Tocqueville Fund
  • Fund Family Name
    Tocqueville Trust
  • Inception Date
    Jan 03, 1994
  • Shares Outstanding
    6731815
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Robert Kleinschmidt

Fund Description

div style="margin-bottom:6pt"span style="color:#000000;font-family:'Garamond',serif;font-size:10pt;font-weight:400;line-height:120%"The Fund seeks to achieve its investment objective by investing primarily in common stocks of U.S. companies. The Fund may also invest up to 25% of its net assets in non-U.S. companies, including in American Depositary Receipts (“ADRs”), in both developed and emerging markets./span/divdiv style="margin-bottom:6pt"span style="color:#000000;font-family:'Garamond',serif;font-size:10pt;font-weight:400;line-height:120%"The investment strategy of the Fund is value oriented and contrarian. The Fund seeks to invest in companies that have good long-term business fundamentals but are temporarily out of favor with investors, and hence have a market value lower than their intrinsic value. The fundamental research based value orientation of the Advisor helps the portfolio manager find companies which have good businesses; the Advisor’s contrarian orientation enables the portfolio manager to buy them at what the portfolio manager believes to be attractive prices./span/divdiv style="margin-bottom:6pt"span style="color:#000000;font-family:'Garamond',serif;font-size:10pt;font-weight:400;line-height:120%"Value oriented means that the portfolio manager seeks to invest in companies that are selling at a discount to their intrinsic value, and where business fundamentals are improving or expected to improve. In assessing intrinsic value, the portfolio manager’s judgment will be based on a comparison of a company’s stock market value with various financial parameters, including historical and projected cash flow, book earnings, and net asset value./span/divdiv style="margin-bottom:6pt"span style="color:#000000;font-family:'Garamond',serif;font-size:10pt;font-weight:400;line-height:120%"Contrarian means that the portfolio manager seeks investment opportunities in stocks and sectors that are out of favor with investors. The portfolio manager considers a stock to be out of favor when its price has declined significantly or has lagged the relevant market index for an extended period of time and the consensus /span/divdiv style="margin-bottom:6pt"span style="color:#000000;font-family:'Garamond',serif;font-size:10pt;font-weight:400;line-height:120%"among investors does not expect improvement./span/divdiv style="margin-bottom:6pt"span style="color:#000000;font-family:'Garamond',serif;font-size:10pt;font-weight:400;line-height:120%"In general, the portfolio manager acquires his investment ideas by identifying companies whose stock prices are down, or have lagged the market. The portfolio manager then analyzes the quality of their business franchise and long-term fundamentals and makes a judgment regarding their intrinsic value. /span/divdiv style="margin-bottom:6pt"span style="color:#000000;font-family:'Garamond',serif;font-size:10pt;font-weight:400;line-height:120%" Alternatively, the portfolio manager may identify companies with strong long-term business fundamentals and then wait for them to fall out of favor with investors in order to buy them at a discount to intrinsic value./span/divdiv style="margin-bottom:10pt"span style="color:#000000;font-family:'Garamond',serif;font-size:10pt;font-weight:400;line-height:120%"The portfolio manager will purchase stocks for the Fund’s portfolio when they meet the above criteria and when the portfolio manager believes that they have a limited risk of further decline. The portfolio manager will sell stocks when they are no longer considered to be good values./span/div
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TOCQX - Performance

Return Ranking - Trailing

Period TOCQX Return Category Return Low Category Return High Rank in Category (%)
YTD 19.9% -13.2% 43.7% 1.15%
1 Yr 46.0% -15.7% 101.9% 0.62%
3 Yr 24.8%* 1.1% 41.0% 6.88%
5 Yr 14.9%* -3.9% 19.6% 7.82%
10 Yr 14.7%* 5.8% 55.9% 37.40%

* Annualized

Return Ranking - Calendar

Period TOCQX Return Category Return Low Category Return High Rank in Category (%)
2025 15.0% -25.2% 36.9% 16.74%
2024 11.5% -51.6% 37.0% 60.18%
2023 10.0% -15.6% 47.4% 84.81%
2022 -17.8% -56.3% 1.1% 15.94%
2021 13.3% -27.2% 537.8% 67.03%

Total Return Ranking - Trailing

Period TOCQX Return Category Return Low Category Return High Rank in Category (%)
YTD 19.9% -13.2% 43.7% 1.15%
1 Yr 46.0% -15.7% 101.9% 0.62%
3 Yr 24.8%* 1.1% 41.0% 6.88%
5 Yr 14.9%* -3.9% 19.6% 7.82%
10 Yr 14.7%* 5.8% 55.9% 37.40%

* Annualized

Total Return Ranking - Calendar

Period TOCQX Return Category Return Low Category Return High Rank in Category (%)
2025 22.9% -3.4% 43.4% 6.26%
2024 20.7% -20.1% 44.5% 60.70%
2023 16.8% 0.3% 47.4% 85.16%
2022 -13.8% -31.9% 11.0% 18.34%
2021 25.7% 4.1% 537.8% 60.60%

NAV & Total Return History

TOCQX - Holdings

Concentration Analysis

TOCQX Category Low Category High TOCQX % Rank
Net Assets 601 M 3.76 M 2.2 T 68.81%
Number of Holdings 55 2 3885 76.56%
Net Assets in Top 10 231 M 3.24 M 639 B 70.75%
Weighting of Top 10 41.22% 2.5% 102.7% 34.42%

Top 10 Holdings

  1. Rocket Lab Corp 7.14%
  2. Alphabet Inc 6.03%
  3. NVIDIA Corp 5.11%
  4. Applied Materials Inc 4.31%
  5. Newmont Corp 4.01%
  6. Microsoft Corp 3.45%
  7. Amazon.com Inc 2.99%
  8. Caterpillar Inc 2.93%
  9. NextEra Energy Inc 2.74%
  10. Parker-Hannifin Corp 2.50%

Asset Allocation

Weighting Return Low Return High TOCQX % Rank
Stocks 		98.82% 0.00% 105.13% 54.19%
Cash 		1.30% 0.00% 69.97% 37.53%
Preferred Stocks 		0.00% 0.00% 5.74% 41.76%
Other 		0.00% -13.91% 100.00% 51.81%
Convertible Bonds 		0.00% 0.00% 5.54% 37.75%
Bonds 		0.00% 0.00% 136.21% 41.06%

Stock Sector Breakdown

Weighting Return Low Return High TOCQX % Rank
Technology 		17.88% 0.00% 48.94% 86.25%
Industrials 		14.25% 0.00% 29.90% 8.36%
Basic Materials 		12.12% 0.00% 19.45% 0.45%
Consumer Cyclical 		10.09% 0.00% 30.33% 62.17%
Consumer Defense 		9.07% 0.00% 47.71% 15.63%
Healthcare 		8.87% 0.00% 52.29% 93.89%
Communication Services 		8.09% 0.00% 27.94% 57.05%
Financial Services 		6.39% 0.00% 55.59% 97.21%
Utilities 		5.47% 0.00% 15.25% 6.11%
Energy 		5.33% 0.00% 41.64% 17.88%
Real Estate 		2.44% 0.00% 31.91% 61.64%

Stock Geographic Breakdown

Weighting Return Low Return High TOCQX % Rank
US 		98.82% 0.00% 101.31% 45.46%
Non US 		0.00% 0.00% 70.69% 23.35%

TOCQX - Expenses

Operational Fees

TOCQX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.28% 0.01% 4.93% 19.08%
Management Fee 0.75% 0.00% 1.89% 88.85%
12b-1 Fee 0.25% 0.00% 1.00% 40.63%
Administrative Fee 0.15% 0.00% 0.85% 74.36%

Sales Fees

TOCQX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

TOCQX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 2.00% 1.44%

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.

TOCQX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 11.00% 0.00% 268.00% 26.50%

TOCQX - Distributions

Dividend Yield Analysis

TOCQX Category Low Category High TOCQX % Rank
Dividend Yield 0.10% 0.00% 25.47% 16.65%

Dividend Distribution Analysis

TOCQX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Quarterly Quarterly

Net Income Ratio Analysis

TOCQX Category Low Category High TOCQX % Rank
Net Income Ratio 0.55% -54.00% 2.44% 59.23%

Capital Gain Distribution Analysis

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

Distributions History

View More +

TOCQX - Fund Manager Analysis

Managers

Robert Kleinschmidt

Start Date

Tenure

Tenure Rank

Jan 01, 1992

30.43

30.4%

Robert W. Kleinschmidt is President, Chief Executive Officer and Chief Investment Officer of Tocqueville Asset Management L.P. as well as a Portfolio Manager. Mr. Kleinschmidt joined Tocqueville in 1991 and manages discretionary portfolios for institutional, individual and family clients. He is the Portfolio Manager of the firm’s flagship fund, the Tocqueville Fund, and the lead manager of the Multi Cap Equity strategy. In addition, Mr. Kleinschmidt is the Chairman of the Investment Committee. Prior to joining Tocqueville, Mr. Kleinschmidt spent thirteen years with David J. Greene & Company. Prior to joining David J. Greene & Company, he spent two years at the Irving Trust Company, starting his career there in 1976. Before going to Wall Street, he taught Economics at Fordham and Adelphi Universities, and Marymount College. Mr. Kleinschmidt earned a B.B.A. in Accounting from the University of Wisconsin (Oshkosh) and an M.A. in Economics from the University of Massachusetts (Amherst). From 1973 to 1976, he continued postgraduate work in Economics at Columbia University. He also holds the CFA designation.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 39.02 7.35 2.25

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