Robert W. Kleinschmidt, CFA, is President, Chief Executive Officer and Chief Investment Officer of Tocqueville Asset Management L.P. Mr. Kleinschmidt joined Tocqueville in 1991 and manages discretionary portfolios for institutional, individual and family clients. He is also the lead Portfolio Manager of the firm’s flagship fund, The Tocqueville Fund, and 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. From 1973 to 1976, he continued postgraduate work in Economics at Columbia University. 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).
DAILY NAV as of 02/03/2012:
Tocqueville Fund
TOCQX
$23.78
+0.35
Tocqueville Fund
Fund Objective
To achieve long-term capital appreciation
Investment Strategy
- Employ a bottom-up selection process based on fundamental security analysis
- Seek to identify contrarian, value-oriented securities that are depressed in price, out of favor with investors and trading at a substantial discount to intrinsic value
- Identify the most attractive risk/reward propositions across all market capitalizations largely based on free cash flow generation, balance sheet quality and the fundamental strength of a business franchise
- Focus primarily on the equity and equity-related securities of US issuers, but may invest in non-US issuers
Robert W. Kleinschmidt
, Portfolio Manager
Fund News
Value Investor Insight, 12/28/2011
Robert Kleinschmidt and Peter Shawn were featured in the December 28, 2011 edition of Value...
Forbes, 08/19/2011
Robert Kleinschmidt, manager of the Tocqueville Fund, was featured in a video interview entitled,...
Top Ten Holdings
as of 12/31/2011 |
% of Total Assets |
|---|---|
| Pfizer Inc. | 4.39% |
| General Electric Company | 3.63% |
| Microsoft Corp. | 3.51% |
| Exxon Mobil Corporation | 3.44% |
| NextEra Energy, Inc. | 3.29% |
| Newmont Mining Corporation | 3.24% |
| E. I. du Pont de Nemours and Company | 3.09% |
| Mastercard, Inc. | 3.02% |
| Johnson & Johnson | 2.66% |
| Intel Corporation | 2.62% |
Updated monthly
© 2011 Tocqueville Asset Management L.P.