Tocqueville Gold Fund Performance

Performance data on this page represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Average annual return reflects annualized change whereas total return reflects aggregate change, and is not annualized. The current performance may be lower or higher than the performance data quoted. The above charts assume reinvestment of capital gains and dividends and are not intended to imply any future performance.
 

The S&P 500 Index is a market-value weighted index consisting of 500 stocks chosen for market size, liquidity, and industry group representation. The Philadelphia Stock Exchange Gold/Silver Index is a good indicator of the performance of the common stock of companies in the gold and silver mining industry. It does not incur fees and expenses. You cannot invest directly in an index. 
 

There are special risks associated with investing in gold and other precious metals, including: the price of gold/precious metals may be subject to wide fluctuation; the market for gold/precious metals is relatively limited; the sources of gold/precious metals are concentrated in countries that have the potential for instability; and the market for gold/precious metals is unregulated. In addition, there are special risks associated with investing in foreign securities, including: the value of foreign currencies may decline relative to the US dollar; a foreign government may expropriate the Fund's assets; differences in accounting methods; and political, social or economic instability in a foreign country in which the Fund invests may cause the value of the Fund's investments to decline.  The above listed risks associated with foreign securities are more likely in the securities of companies located in emerging markets.
 

The Fund is a non-diversified fund and therefore, compared to a diversified mutual fund, is able to invest a greater portion of its assets in any one particular issuer. As such, there is additional risk that the Fund may be more sensitive to changes in the market value of a single issuer and the impact of a simple economic, political or regulatory occurrence may have a great adverse effect on the Fund’s net asset value.  Investors should consider this additive risk versus the safety that comes with a more diversified portfolio.
 

Please consider the investment objectives, risks and charges and expenses of the Fund carefully before investing. The prospectus contains this and other information about the Fund. For more complete information on this Fund, including its charges and expenses, please obtain a free prospectus by downloading a copy from this website, by contacting an authorized broker/dealer, or by calling 1-800-697-3863. Please read the prospectus carefully before you invest or send money.