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DAILY NAV as of 02/24/2021: Tocqueville Fund TOCQX $43.38 +0.54
Mutual Funds » Tocqueville Fund

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 securities of US issuers, but frequently invests in non-US issuers

Robert W. Kleinschmidt
, Portfolio Manager

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 the Portfolio Manager of the firm’s flagship fund, The Tocqueville Fund, and the lead manager 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).

Check the background of this investment professional on FINRA's BrokerCheck



Fund News

2020 Distributions, 12/11/2020
The Tocqueville Funds paid a distribution on December 11, 2020. The Record Date was December 10,...
»Read More
Forbes Interview with Robert W. Kleinschmidt, 10/27/2017
Robert W. Kleinschmidt, CFA, portfolio manager of the Tocqueville Fund (TOCQX), was featured in a...
»Read More
» More News

Insights

Tocqueville Fund - Manager Q&A, 03/31/2015
Robert Kleinschmidt, portfolio manager of the Tocqueville Fund (TOCQX), discusses the Fund's...
»Read More
» More Insights

Top Holdings

as of 01/31/2021

% of Total Assets

NextEra Energy, Inc. 5.18%
Microsoft Corp. 4.25%
Amazon.com, Inc. 4.11%
Apple, Inc. 3.62%
Applied Materials, Inc. 3.54%
Alphabet, Inc. - Class A 3.35%
The Procter & Gamble Co. 3.29%
The Walt Disney Co. 3.08%
QUALCOMM, Inc. 2.86%
Colgate-Palmolive Co. 2.86%
Updated monthly
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Tim Steele is an artist living in New York City and the founder of Tim Steele Design. As a career artist, he has also expanded into the related disciplines of interior design and contemporary structures. 
 

With solo and group exhibitions spanning 20 years, Tim’s abstract pieces are shown in galleries, public spaces and in private collections around the world. An extension of his painting, his interior work includes NYC apartments, private homes, executive offices and entire commercial floors. With an interest in utilizing recycled and new materials, Tim is also creating modular structures that are based on shipping containers.

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Artwork: Tim Steele, New York NY