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Trending ETFs

The Gabelli Global Rising Income and Dividend Fund

mutual fund
GAGCX
Payout Change
Pending
Price as of:
$32.36 -0.08 -0.25%
primary theme
Tactical Allocation
GAGCX (Mutual Fund)

The Gabelli Global Rising Income and Dividend Fund

Payout Change
Pending
Price as of:
$32.36 -0.08 -0.25%
primary theme
Tactical Allocation
GAGCX (Mutual Fund)

The Gabelli Global Rising Income and Dividend Fund

Payout Change
Pending
Price as of:
$32.36 -0.08 -0.25%
primary theme
Tactical Allocation

Name

As of 12/09/2024

Price

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

$32.36

$56.4 M

1.79%

$0.58

1.71%

Vitals

YTD Return

6.8%

1 yr return

12.3%

3 Yr Avg Return

0.8%

5 Yr Avg Return

6.6%

Net Assets

$56.4 M

Holdings in Top 10

25.0%

52 WEEK LOW AND HIGH

$32.4
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.71%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 10.00%

Redemption Fee 2.00%


Min Investment

Standard (Taxable)

$1,000

IRA

$250


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 12/09/2024

Price

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

$32.36

$56.4 M

1.79%

$0.58

1.71%

GAGCX - Profile

Distributions

  • YTD Total Return 6.8%
  • 3 Yr Annualized Total Return 0.8%
  • 5 Yr Annualized Total Return 6.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.21%
DIVIDENDS
  • Dividend Yield 1.8%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    The Gabelli Global Rising Income and Dividend Fund
  • Fund Family Name
    Gabelli Fund Complex
  • Inception Date
    Jun 29, 1998
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Mario Gabelli

Fund Description

The GRID Fund will attempt to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets in dividend paying securities (such as common and preferred stock) or other income producing securities (such as fixed income securities and securities that are convertible into common stock). The GRID Fund will primarily invest in common stocks of foreign and domestic issuers that the GRID Fund’s portfolio manager believes are likely to pay dividends and income and have the potential for above average capital appreciation and dividend increases. To this end, the portfolio manager may invest in stocks that pay and increase dividends over time that can potentially provide “rising income.” Rising income stocks historically have provided a better total return over time, potentially combat inflation and offer the opportunity to potentially take advantage of compounding through dividend and income reinvestment. Under normal circumstances, the GRID Fund intends to invest in at least three countries, including the United States, and will invest at least 40% of its total assets in countries other than the United States.

The GRID Fund invests in companies whose stocks the Adviser believes are selling at a significant discount to their “private market value.” Private market value is the value the Adviser believes informed investors would be willing to pay to acquire the entire company. If investor attention is focused on the underlying asset value of a company due to expected or actual developments or other catalysts, an investment opportunity to realize this private market value may exist.

The GRID Fund may utilize certain “arbitrage” strategies. The GRID Fund’s use of arbitrage may be described as investing in “event” driven situations such as announced mergers, acquisitions, and reorganizations. When a company agrees to be acquired by another company, its stock price often quickly rises to just below the stated acquisition price. If the Adviser, through extensive research, determines that the acquisition is likely to be consummated on schedule at the stated acquisition price, then the GRID Fund may purchase the selling company’s securities, offering the GRID Fund the possibility of generous returns relative to cash equivalents with a limited risk of excessive loss of capital.

The GRID Fund may invest in convertible securities, which include bonds, debentures, corporate notes, preferred stocks, and other similar securities which are convertible or exchangeable for common stock within a particular time period at a specified price or formula, of foreign and domestic companies with no target maturity range. Because many convertible securities are rated below investment grade, the GRID Fund may invest without limit in convertible securities rated lower than “BBB” by Standard & Poor’s Rating Services (“S&P”) or “Baa” or lower by Moody’s Investors Service, Inc. (“Moody’s”), or, if unrated, are of comparable quality as determined by the Adviser, including up to 5% of its assets in convertible securities of issuers in default. The GRID Fund also may invest up to 25% of its assets in non-convertible fixed income securities that are below investment grade, including up to 5% of its assets in non-convertible fixed income securities of issuers that are in default.

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GAGCX - Performance

Return Ranking - Trailing

Period GAGCX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.8% -2.6% 31.6% 81.86%
1 Yr 12.3% -0.5% 45.8% 72.09%
3 Yr 0.8%* -18.4% 13.2% 73.71%
5 Yr 6.6%* -11.7% 23.1% 30.20%
10 Yr 5.2%* -5.2% 9.4% 34.31%

* Annualized

Return Ranking - Calendar

Period GAGCX Return Category Return Low Category Return High Rank in Category (%)
2023 7.4% -18.9% 60.2% 51.87%
2022 -18.6% -48.5% 0.1% 68.08%
2021 19.4% -19.0% 48.3% 5.66%
2020 10.9% -16.5% 52.8% 18.32%
2019 13.8% -8.5% 26.6% 25.38%

Total Return Ranking - Trailing

Period GAGCX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.8% -2.6% 31.6% 81.86%
1 Yr 12.3% -0.5% 45.8% 72.09%
3 Yr 0.8%* -18.4% 13.2% 73.71%
5 Yr 6.6%* -11.7% 23.1% 30.20%
10 Yr 5.2%* -5.2% 9.4% 34.31%

* Annualized

Total Return Ranking - Calendar

Period GAGCX Return Category Return Low Category Return High Rank in Category (%)
2023 9.9% -11.7% 61.8% 48.60%
2022 -15.6% -48.5% 4.6% 66.67%
2021 21.3% -14.2% 48.3% 9.91%
2020 11.7% -11.7% 77.4% 25.74%
2019 14.4% -3.9% 28.4% 48.22%

NAV & Total Return History


GAGCX - Holdings

Concentration Analysis

GAGCX Category Low Category High GAGCX % Rank
Net Assets 56.4 M 2.19 M 12 B 73.49%
Number of Holdings 172 2 2477 19.53%
Net Assets in Top 10 15.1 M 1.55 M 9.57 B 88.84%
Weighting of Top 10 25.05% 20.3% 105.1% 90.70%

Top 10 Holdings

  1. Sony Group Corp 3.76%
  2. Berkshire Hathaway Inc 3.43%
  3. Sony Group Corp 3.28%
  4. CNH Industrial NV 2.57%
  5. Nestle SA 2.33%
  6. Herc Holdings Inc 2.30%
  7. Traton SE 1.90%
  8. Enpro Inc 1.88%
  9. Mueller Industries Inc 1.84%
  10. T-Mobile US Inc 1.78%

Asset Allocation

Weighting Return Low Return High GAGCX % Rank
Stocks
96.10% 0.00% 133.08% 46.51%
Bonds
3.77% 0.00% 106.59% 35.81%
Cash
0.13% -33.22% 90.14% 94.88%
Preferred Stocks
0.00% -0.16% 5.36% 62.79%
Other
0.00% -29.71% 154.73% 73.49%
Convertible Bonds
0.00% 0.00% 8.92% 79.53%

Stock Sector Breakdown

Weighting Return Low Return High GAGCX % Rank
Industrials
22.59% 0.00% 23.85% 3.31%
Consumer Defense
21.79% 0.00% 37.51% 3.87%
Communication Services
13.53% 0.00% 21.61% 4.42%
Consumer Cyclical
10.43% 0.00% 25.83% 38.67%
Financial Services
9.83% 0.00% 98.22% 62.43%
Technology
9.40% 0.00% 85.77% 79.01%
Healthcare
4.28% 0.00% 38.63% 81.77%
Utilities
3.02% 0.00% 91.12% 49.17%
Basic Materials
2.91% 0.00% 56.73% 64.09%
Energy
2.23% 0.00% 60.89% 81.22%
Real Estate
0.00% 0.00% 99.45% 95.03%

Stock Geographic Breakdown

Weighting Return Low Return High GAGCX % Rank
US
58.15% 0.00% 133.08% 72.56%
Non US
37.95% -1.94% 37.95% 1.40%

Bond Sector Breakdown

Weighting Return Low Return High GAGCX % Rank
Derivative
0.00% -19.74% 154.73% 72.09%
Cash & Equivalents
0.00% 0.00% 89.61% 88.37%
Securitized
0.00% 0.00% 52.99% 80.00%
Corporate
0.00% 0.00% 95.17% 86.05%
Municipal
0.00% 0.00% 19.13% 73.02%
Government
0.00% 0.00% 99.78% 89.30%

Bond Geographic Breakdown

Weighting Return Low Return High GAGCX % Rank
US
3.77% 0.00% 92.67% 35.81%
Non US
0.00% 0.00% 22.55% 65.58%

GAGCX - Expenses

Operational Fees

GAGCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.71% 0.45% 10.24% 53.02%
Management Fee 1.00% 0.00% 1.50% 74.42%
12b-1 Fee 0.25% 0.00% 1.00% 52.11%
Administrative Fee N/A 0.05% 0.70% N/A

Sales Fees

GAGCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

GAGCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 2.00% 0.50% 2.00% 23.33%

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.

GAGCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 10.00% 1.75% 441.00% 14.53%

GAGCX - Distributions

Dividend Yield Analysis

GAGCX Category Low Category High GAGCX % Rank
Dividend Yield 1.79% 0.00% 24.95% 28.84%

Dividend Distribution Analysis

GAGCX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Quarterly Annual

Net Income Ratio Analysis

GAGCX Category Low Category High GAGCX % Rank
Net Income Ratio 1.21% -2.01% 13.72% 31.16%

Capital Gain Distribution Analysis

GAGCX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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GAGCX - Fund Manager Analysis

Managers

Mario Gabelli


Start Date

Tenure

Tenure Rank

Feb 03, 1994

28.34

28.3%

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 33.83 6.69 13.0