Mr. Hathaway, CFA, Senior Managing Director, is a Portfolio Manager at Tocqueville Asset Management L.P. Mr. Hathaway is a Portfolio Manager of the Tocqueville Gold Fund, Tocqueville Gold Partners and the gold equity strategy. Prior to joining Tocqueville in 1997, he was the Chief Investment Officer at Oak Hall Advisors for seven years and in 1986 founded and managed Hudson Capital Advisors. Previously, Mr. Hathaway was a Partner at David J. Greene and Company and an Equity Analyst with Spencer Trask & Co. He has an M.B.A. from the University of Virginia and a B.A. from Harvard College.
DAILY NAV as of 05/24/2013:
Gold Fund
TGLDX
$39.76
-0.34
Tocqueville Gold Fund
Fund Objective
To achieve long-term capital appreciation
Investment Strategy
- Invest at least 80% of net assets, plus borrowings for investment purposes, in gold and other precious metals and the securities of US and foreign companies engaged in mining or processing gold
- Employ a bottom-up selection process and fundamental, proprietary research to identify companies that are considered undervalued, based on growth potential and the portfolio manager’s assessment of the company’s relative value
- Seek exposure to overlooked and undervalued gold stocks across the world
John Hathaway
, Co-Portfolio Manager
Douglas B. Groh
, Co-Portfolio Manager
Douglas B. Groh is a Portfolio Manager and Senior Research Analyst at Tocqueville Asset Management L.P. He joined Tocqueville in 2003, where he is a Portfolio Manager of the Tocqueville Gold Fund. Prior to joining Tocqueville, Mr. Groh was Director of Investment Research at Grove Capital from 2001 to 2003 and from 1990 to 2001 held investment research and banking positions at J.P. Morgan, Merrill Lynch and ING Bank. Mr. Groh began his career as a mining and precious metals analyst in 1985 at U.S. Global Investors. Mr. Groh earned a B.S. in Geology and Geophysics from the University of Wisconsin-Madison and an M.A. from the University of Texas at Austin, where he focused on mineral economics.
Fund News
2012 Distributions for Tocqueville Funds, 12/20/2012
The Tocqueville Funds paid distributions on December 19, 2012 in the amounts in the notice...
Kiplinger's Personal Finance, 07/31/2012
Doug Groh was quoted in an article entitled "What's Next for Gold" in Kiplinger's...
Insights
Understanding Gold's Decline - What's Next?, 04/19/2013
On April 16th, John Hathaway, co-portfolio manager of the Tocqueville Gold Fund (TGLDX), shared...
Top Ten Holdings
as of 04/30/2013 |
% of Total Assets |
|---|---|
| Physical Gold | 10.4% |
| Goldcorp, Inc. | 5.6% |
| Eldorado Gold Corp. | 5.18% |
| Franco-Nevada Corporation | 4.23% |
| Royal Gold, Inc. | 4.19% |
| Randgold Resources Limited | 3.8% |
| Yamana Gold Inc. | 3.64% |
| Newmont Mining Corporation | 3.51% |
| Silver Wheaton Corp. | 3.47% |
| New Gold Inc. | 3.09% |
Updated monthly
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