A Detailed Holding Analysis of TGLDX


Feb. 8 2016, Updated 8:18 p.m. ET

TGLDX’s investment structure

The Tocqueville Gold Fund (TGLDX) invests at least 80% of its net assets—plus borrowings for investment purposes—in the gold and other precious metals and securities of companies engaged in mining, processing, and distribution around the world. The fund aims to generate capital appreciation for its investors and was managing total assets worth $880 million as of the end of December 2016. The asset allocation breakdown of TGLDX is given in the graph below.

Article continues below advertisement

Portfolio breakdown of TGLDX

More than 15% of the fund’s AUM (assets under management) is invested in physical gold. However, no more than 20% of the fund’s total assets may be invested directly in gold and other precious metals. The other top equity holdings of the fund include Franco-Nevada (FNV), Agnico-Eagle Mines (AEM), Goldcorp (GG), and Eldorado Gold (EGO) among others. The top ten holdings of the fund, including physical gold, make up 56.1% of the fund’s total AUM.

As of the end of December, the fund’s assets were spread across 87 holdings. More than 70% of the fund’s holdings are from foreign equity issuers, whereas only 6% of the fund’s portfolio was from US equity (VFINX) issuers. The fund had negligible positions in fixed-income bonds and government securities as of the end of December 2016.

Continue to the next part for an analysis of the investment methodology of TGLDX.


More From Market Realist

  • SemiLEDS logo over LED lighting
    Company & Industry Overviews
    There's Still Time to Get in on SemiLEDS (LEDS) Stock
  • Trader on the NYSE
    Company & Industry Overviews
    What Are the Most Expensive Stocks Ever?
  • Michelob Ultra beer
    Company & Industry Overviews
    AB InBev Is the Top Beer Brand Worldwide—Is It a Monopoly?
  • Businesswoman looking out a window
    Company & Industry Overviews
    Shifting Focus: Three Women Investing Funds in 2021
  • CONNECT with Market Realist
  • Link to Facebook
  • Link to Twitter
  • Link to Instagram
  • Link to Email Subscribe
Market Realist Logo
Do Not Sell My Personal Information

© Copyright 2021 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.