While stocks have started the year with a stumble, many investors have focused their attention on gold. Investors seeking a gold focused approach have several options for investments – including mutual funds. Below, we highlight the Tocqueville Gold Fund (TGLDX).
Inside the Fund
The fund was launched in 1998 and is managed by John C. Hathaway and Douglas B. Groh. Currently, it has about $1.2 billion in assets under management (AUM).
The fund is comprised primarily of U.S.-based companies in the basic materials sector. So far in 2015, this fund is up about 3%.
Historical Performance
| 2010 | 2011 | 2012 | 2013 | 2014 |
|---|---|---|---|---|
| 53.33% | -15.85% | -8.72% | -48.26% | -2.67% |
Tocqueville Gold Fund’s Largest Holdings
Around 30% of the fund’s portfolio is in its top five holdings. Each of these holdings are positive so far in 2015.
| Symbol | Stock | Portfolio Weight | 2015 Performance |
|---|---|---|---|
| - | Physical Gold | 9.37% | - |
| RGLD | Royal Gold | 5.78% | +6.2% |
| FNV | Franco-Nevada Corp | 5.21% | +6.7% |
| GG | Goldcorp Inc | 4.88% | +9% |
| AEM | Agnico Eagle Mines | 4.68% | +15% |
The Bottom Line
A gold-focused mutual fund is a great way for investors to gain exposure to the commodity. For more information, be sure to check out the Beginner’s Guide to Commodity Mutual Funds.