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THE GABELLI ASSET FUND
GABIX (Mutual Fund)
THE GABELLI ASSET FUND
Name
As of 12/12/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
13.7%
1 yr return
16.7%
3 Yr Avg Return
5.0%
5 Yr Avg Return
8.8%
Net Assets
$1.7 B
Holdings in Top 10
20.6%
52 WEEK LOW AND HIGH
$55.1
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.13%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 5.00%
Redemption Fee 2.00%
Min Investment
Standard (Taxable)
$500,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/12/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
GABIX - Profile
Distributions
- YTD Total Return 13.7%
- 3 Yr Annualized Total Return 5.0%
- 5 Yr Annualized Total Return 8.8%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.38%
- Dividend Yield 0.5%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameTHE GABELLI ASSET FUND
-
Fund Family NameGabelli Fund Complex
-
Inception DateApr 29, 2008
-
Shares OutstandingN/A
-
Share ClassI
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMario Gabelli
Fund Description
The Fund will primarily invest in common stocks and preferred stocks. In making stock selections, the Fund strives to earn a 10% real rate of return. The Fund may also invest in foreign securities. The Fund focuses on companies which appear underpriced relative to their private market value (“PMV”). PMV is the value the Fund’s investment adviser, Gabelli Funds, LLC (the “Adviser”), believes informed investors would be willing to pay for a company.
Under normal market conditions, the Fund invests at least 80% of its assets in stocks that are listed on a recognized securities exchange or similar market. The portfolio managers will invest in companies that, in the public market, are selling at a significant discount to the portfolio managers’ assessment of their PMV. The portfolio managers consider factors such as price, earnings expectations, earnings and price histories, balance sheet characteristics, and perceived management skills. The portfolio managers also consider changes in economic and political outlooks as well as individual corporate developments. The portfolio managers will sell any Fund investments that lose their perceived value relative to other investments. The Fund may invest up to 25% of its total assets in securities of non-U.S. issuers.
The Fund’s assets will be invested primarily in a broad range of readily marketable equity securities consisting of common stock and preferred stock. Many of the common stocks the Fund will buy will not pay dividends; instead, stocks will be bought for the potential that their prices will increase, providing capital appreciation for the Fund. The value of equity securities will fluctuate due to many factors, including the past and predicted earnings of the issuer, the quality of the issuer’s management, general market conditions, the forecasts for the issuer’s industry, and the value of the issuer’s assets. Holders of equity securities only have rights to value in the company after all issuer debts have been paid, and they could lose their entire investment in a company that encounters financial difficulty. The Fund may also buy warrants which are rights to purchase securities at a specified time at a specified price.
GABIX - Performance
Return Ranking - Trailing
| Period | GABIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 13.7% | 4.3% | 46.2% | 95.87% |
| 1 Yr | 16.7% | 5.8% | 61.3% | 94.39% |
| 3 Yr | 5.0%* | -11.0% | 19.2% | 93.25% |
| 5 Yr | 8.8%* | -7.6% | 110.6% | 95.06% |
| 10 Yr | 7.9%* | -0.1% | 52.9% | 95.81% |
* Annualized
Return Ranking - Calendar
| Period | GABIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 2.1% | -42.6% | 47.4% | 96.03% |
| 2022 | -18.9% | -56.3% | -4.2% | 23.90% |
| 2021 | 8.3% | -27.2% | 537.8% | 83.42% |
| 2020 | -1.8% | -22.5% | 2181.7% | 94.38% |
| 2019 | 11.3% | -13.5% | 40.4% | 94.19% |
Total Return Ranking - Trailing
| Period | GABIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 13.7% | 4.3% | 46.2% | 95.87% |
| 1 Yr | 16.7% | 5.8% | 61.3% | 94.39% |
| 3 Yr | 5.0%* | -11.0% | 19.2% | 93.25% |
| 5 Yr | 8.8%* | -7.6% | 110.6% | 95.06% |
| 10 Yr | 7.9%* | -0.1% | 52.9% | 95.81% |
* Annualized
Total Return Ranking - Calendar
| Period | GABIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 10.6% | -5.0% | 47.4% | 95.04% |
| 2022 | -10.4% | -36.8% | -2.2% | 10.66% |
| 2021 | 19.2% | 3.0% | 537.8% | 92.81% |
| 2020 | 11.5% | -15.8% | 2266.0% | 83.67% |
| 2019 | 22.8% | -0.4% | 241.3% | 95.21% |
NAV & Total Return History
GABIX - Holdings
Concentration Analysis
| GABIX | Category Low | Category High | GABIX % Rank | |
|---|---|---|---|---|
| Net Assets | 1.7 B | 2.34 M | 1.55 T | 46.00% |
| Number of Holdings | 489 | 2 | 3963 | 21.93% |
| Net Assets in Top 10 | 346 M | 880 K | 525 B | 58.78% |
| Weighting of Top 10 | 20.56% | 0.3% | 111.6% | 96.36% |
Top 10 Holdings
- AMETEK Inc 2.98%
- Berkshire Hathaway Inc 2.38%
- Deere Co 2.31%
- Sony Group Corp 2.24%
- Caterpillar Inc 2.18%
- Republic Services Inc 1.88%
- Genuine Parts Co 1.74%
- Brown-Forman Corp 1.63%
- Mastercard Inc 1.63%
- American Express Co 1.59%
Asset Allocation
| Weighting | Return Low | Return High | GABIX % Rank | |
|---|---|---|---|---|
| Stocks | 99.37% | 0.00% | 105.79% | 37.10% |
| Bonds | 0.57% | 0.00% | 93.85% | 3.96% |
| Cash | 0.06% | 0.00% | 99.07% | 88.71% |
| Preferred Stocks | 0.00% | 0.00% | 2.03% | 8.00% |
| Other | 0.00% | -13.91% | 100.00% | 47.73% |
| Convertible Bonds | 0.00% | 0.00% | 5.54% | 17.87% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | GABIX % Rank | |
|---|---|---|---|---|
| Industrials | 25.32% | 0.00% | 29.90% | 0.67% |
| Consumer Defense | 17.35% | 0.00% | 47.71% | 1.43% |
| Communication Services | 14.53% | 0.00% | 27.94% | 4.45% |
| Financial Services | 12.95% | 0.00% | 55.59% | 70.78% |
| Consumer Cyclical | 8.99% | 0.00% | 30.33% | 74.90% |
| Healthcare | 6.31% | 0.00% | 52.29% | 97.73% |
| Basic Materials | 5.98% | 0.00% | 25.70% | 7.56% |
| Technology | 4.94% | 0.00% | 48.94% | 99.08% |
| Energy | 2.23% | 0.00% | 41.64% | 75.90% |
| Real Estate | 1.08% | 0.00% | 31.91% | 81.70% |
| Utilities | 0.31% | 0.00% | 20.91% | 81.70% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | GABIX % Rank | |
|---|---|---|---|---|
| US | 90.93% | 0.00% | 105.79% | 88.46% |
| Non US | 8.44% | 0.00% | 63.83% | 4.78% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | GABIX % Rank | |
|---|---|---|---|---|
| Corporate | 16.79% | 0.00% | 100.00% | 4.68% |
| Derivative | 0.00% | -1.48% | 25.41% | 39.39% |
| Cash & Equivalents | 0.00% | 0.00% | 100.00% | 88.77% |
| Securitized | 0.00% | 0.00% | 52.16% | 16.36% |
| Municipal | 0.00% | 0.00% | 2.10% | 15.50% |
| Government | 0.00% | 0.00% | 100.00% | 18.27% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | GABIX % Rank | |
|---|---|---|---|---|
| US | 0.57% | 0.00% | 91.39% | 3.96% |
| Non US | 0.00% | 0.00% | 12.06% | 15.33% |
GABIX - Expenses
Operational Fees
| GABIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.13% | 0.01% | 19.75% | 28.38% |
| Management Fee | 1.00% | 0.00% | 1.90% | 96.60% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.00% | 0.85% | N/A |
Sales Fees
| GABIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 1.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| GABIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | 2.00% | 0.25% | 2.00% | 25.64% |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| GABIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 5.00% | 0.00% | 268.00% | 11.55% |
GABIX - Distributions
Dividend Yield Analysis
| GABIX | Category Low | Category High | GABIX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.53% | 0.00% | 25.47% | 7.19% |
Dividend Distribution Analysis
| GABIX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Quarterly | Annual |
Net Income Ratio Analysis
| GABIX | Category Low | Category High | GABIX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.38% | -54.00% | 2.44% | 68.91% |
Capital Gain Distribution Analysis
| GABIX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 27, 2023 | $0.290 | OrdinaryDividend |
| Dec 27, 2023 | $3.743 | CapitalGainLongTerm |
| Dec 28, 2022 | $4.915 | OrdinaryDividend |
| Dec 29, 2021 | $0.356 | OrdinaryDividend |
| Dec 29, 2021 | $0.000 | CapitalGainShortTerm |
| Dec 29, 2021 | $5.530 | CapitalGainLongTerm |
| Dec 29, 2020 | $7.230 | OrdinaryDividend |
| Dec 27, 2019 | $0.381 | OrdinaryDividend |
| Dec 27, 2019 | $0.025 | CapitalGainShortTerm |
| Dec 27, 2019 | $5.266 | CapitalGainLongTerm |
| Dec 27, 2018 | $0.015 | CapitalGainShortTerm |
| Dec 27, 2018 | $4.763 | CapitalGainLongTerm |
| Dec 27, 2018 | $0.331 | OrdinaryDividend |
| Dec 27, 2017 | $5.034 | CapitalGainLongTerm |
| Dec 27, 2017 | $0.249 | OrdinaryDividend |
| Dec 28, 2016 | $6.638 | CapitalGainLongTerm |
| Dec 28, 2016 | $0.570 | OrdinaryDividend |
| Dec 29, 2015 | $0.050 | CapitalGainShortTerm |
| Dec 29, 2015 | $7.300 | CapitalGainLongTerm |
| Dec 29, 2015 | $0.399 | OrdinaryDividend |
| Dec 12, 2013 | $0.092 | CapitalGainShortTerm |
| Dec 12, 2013 | $2.900 | CapitalGainLongTerm |
| Dec 12, 2013 | $0.357 | OrdinaryDividend |
| Dec 27, 2012 | $0.045 | CapitalGainShortTerm |
| Dec 27, 2012 | $2.765 | CapitalGainLongTerm |
| Dec 27, 2012 | $0.657 | OrdinaryDividend |
| Dec 28, 2011 | $0.070 | CapitalGainShortTerm |
| Dec 28, 2011 | $0.855 | CapitalGainLongTerm |
| Dec 28, 2011 | $0.312 | OrdinaryDividend |
| Dec 29, 2010 | $0.410 | CapitalGainLongTerm |
| Dec 29, 2010 | $0.255 | OrdinaryDividend |
| Dec 29, 2009 | $0.359 | OrdinaryDividend |
| Dec 29, 2008 | $0.340 | OrdinaryDividend |
| Dec 29, 2008 | $0.031 | CapitalGainLongTerm |
GABIX - Fund Manager Analysis
Managers
Mario Gabelli
Start Date
Tenure
Tenure Rank
Mar 03, 1986
36.27
36.3%
Mario Gabelli is the Founder, Chairman and Chief Investment Officer. Mr. Gabelli is one of the most respected investors in the United States and is a leading proponent of value investing. His proprietary Private Market Value with a Catalyst™ methodology has become an analytical standard in the value investing community. He holds an MBA from Columbia University Graduate School of Business, and is a summa cum laude BS graduate from Fordham University. Mr. Gabelli is a Chartered Financial Analyst. He is a member of the board of overseers of Columbia University Graduate School of Business.
Kevin Dreyer
Start Date
Tenure
Tenure Rank
Sep 01, 2009
12.75
12.8%
Mr. Dreyer, a Managing Director of GBL and Co-Chief Investment Officer of GBL’s Value Team, manages a portion of the Fund’s assets. He joined GBL in 2005 as a research analyst. Mr. Dreyer currently serves as a portfolio manager for the Adviser managing several funds within the Gabelli/GAMCO Fund Complex and GAMCO on its institutional and high net worth separate accounts team. Mr. Dreyer holds a M.B.A. from Columbia Business School and a B.S.E. from the University of Pennsylvania.
Christopher Marangi
Start Date
Tenure
Tenure Rank
Dec 01, 2010
11.5
11.5%
Christopher J. Marangi joined GAMCO in 2003 as an equity research analyst responsible for companies in the Cable, Satellite and Entertainment sectors, Mr. Marangi's experience includes 5+ years with Wellspring and JPMorgan. Mr. Marangi graduated magna cum laude and Phi Beta Kappa with a B.A. in Political Economy from Williams College and holds an M.B.A. with honors from the Columbia Graduate School of Business
Jeffrey Jonas
Start Date
Tenure
Tenure Rank
Oct 01, 2012
9.67
9.7%
Mr. Jeffrey J. Jonas, CFA, is a co-portfolio manager. Mr. Jonas joined Gabelli & Company, Inc. in 2003 as a research analyst. Prior to his appointment as Associated Portfolio Manager, Mr. Jonas served as co-portfolio manager of GAMCO Medical Opportunities LP. Mr. Jonas was a Presidential Scholar at Boston College where he received a BS in finance and management information systems.
Brian Sponheimer
Start Date
Tenure
Tenure Rank
Jul 01, 2019
2.92
2.9%
Mr. Brian C. Sponheimer, a Senior Vice President of GBL, serves as an associate portfolio manager of the Fund. Mr. Sponheimer joined Gabelli in 2008 as a research analyst covering automotive and trucking companies. Currently he is a Senior Vice President of GBL, a portfolio manager of Gabelli Funds, LLC, and a lead analyst on the firm’s Industrial Research team.
Sarah Donnelly
Start Date
Tenure
Tenure Rank
Jan 01, 2020
2.41
2.4%
Sarah Donnelly is a portfolio manager of Gabelli & Company, Inc., which she joined in 1999 as a research analyst. Ms. Donnelly currently follows the food and household products industries as a member of the consumer products team. She received a B.S. in Business Administration with a concentration in Finance and minor in History from Fordham University and currently serves on the advisory board of the Gabelli Center for Global Security Analysis at Fordham University.
Melody Bryant
Start Date
Tenure
Tenure Rank
Jan 01, 2020
2.41
2.4%
Ms. Melody Bryant joined GAMCO Investors, Inc. in September 2018. She has almost thirty years of experience as a portfolio manager. Most recently, Ms. Bryant was a managing director and chief investment officer for Trevor, Stewart, Burton & Jacobsen Inc., a New York based registered investment adviser. She has held senior and portfolio management positions at Neuberger Berman, LLC, John A. Levin & Co., and Kempner Asset Management.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.04 | 39.02 | 7.27 | 2.42 |
