The Tocqueville Trust
Tocqueville Select Fund Performance
Year to Date Performance
|as of 02/24/2017||Total Return|
Last Month's Performance
|as of 01/31/2017||Total Return||Average Annual Return (%)|
|YTD%||1 Year||3 Years||5 Years||10 Years|
|Russell 2000 Index||0.39||33.53||7.89||13.00||6.93|
|Russell 2500 Index||1.39||29.55||8.25||13.39||7.55|
Last Quarter's Performance
|as of 12/31/2016||Total Return||Average Annual Return (%)|
|YTD%||1 Year||3 Years||5 Years||10 Years|
|Russell 2000 Index||21.31||21.31||6.74||14.46||7.07|
|Russell 2500 Index||17.59||17.59||6.93||14.54||7.69|
|Expense Ratio: 1.33%
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.
Performance for the period 9/27/08 to 9/27/09 is for the Delafield Select Fund ("DSF"), a series of Natixis Funds Trust II, which was reorganized into the Select Fund on 9/28/09. Performance for periods prior to 9/27/08 is of the Reich & Tang Concentrated Portfolio L.P. (the "LP"), which was reorganized into DSF on 9/26/08. Following the reorganization of the LP into DSF, the LP's returns were adjusted to deduct estimated fees and expenses applicable to DSF's Class Y shares, based on projected asset levels for the first operating year of its Class Y shares (not taking into account any fee waivers or expense reimbursements). DSF and the LP had most of the same Portfolio Managers and substantially identical investment objectives and strategies as the Select Fund. Performance since 9/28/09 reflects actual Select Fund performance.
The Russell 2000 Index consists of the smallest 2,000 companies in a group of 3,000 U.S. companies in the Russell 3000 Index, as ranked by market capitalization. The Russell 2500 Index is an unmanaged index that measures the performance of the 2,500 smallest companies in the Russell 3000 Index. You cannot invest directly in an index.
There are special risks associated with investing in small and mid cap stocks, including: small companies rely on limited product lines, financial resources and business activities that may make them more susceptible than larger companies to setbacks or downturns; and small and mid cap stocks are less liquid and more thinly traded which make them more volatile than stocks of larger companies. 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.