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THE GABELLI U.S. TREASURY MONEY MARKET FUND
GBAXX (Mutual Fund)
THE GABELLI U.S. TREASURY MONEY MARKET FUND
Name
As of 12/10/2024Price
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
5.3%
1 yr return
5.3%
3 Yr Avg Return
3.8%
5 Yr Avg Return
2.4%
Net Assets
$295 M
Holdings in Top 10
82.3%
52 WEEK LOW AND HIGH
$1.0
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.08%
SALES FEES
Front Load N/A
Deferred Load 1.00%
TRADING FEES
Turnover N/A
Redemption Fee 5.00%
Min Investment
Standard (Taxable)
$3,000
IRA
$1,000
Fund Classification
Fund Type
Money Market Fund
Name
As of 12/10/2024Price
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
GBAXX - Profile
Distributions
- YTD Total Return 5.3%
- 3 Yr Annualized Total Return 3.8%
- 5 Yr Annualized Total Return 2.4%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.01%
- Dividend Yield 4.3%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameTHE GABELLI U.S. TREASURY MONEY MARKET FUND
-
Fund Family NameGabelli Fund Complex
-
Inception DateNov 14, 2008
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerManagement Team
Fund Description
Under normal market conditions, the Fund invests at least 99.5% of its total assets in cash, U.S. Treasury obligations, including U.S. Treasury bills, U.S. Treasury notes, U.S. Treasury bonds, and U.S. Treasury strips (“U.S. Treasury Obligations”), and repurchase agreements that are collateralized fully by such obligations or cash and at least 80% of its net assets in U.S. Treasury Obligations and repurchase agreements that are collateralized fully by such obligations. Currently, the Fund invests exclusively in such U.S. Treasury Obligations.
The Fund is a money market fund managed to meet the requirements of Rule 2a-7 under the Investment Company Act of 1940, as amended (the “1940 Act”). Within these requirements, the Fund will seek to maintain a net asset value of $1.00 per share. Other requirements pertain to the maturity, liquidity, and credit quality of the securities in which the Fund may invest. The Fund will only invest in securities which have, or are deemed to have, a remaining maturity of 397 days or less. In addition, the dollar-weighted average maturity for all securities contained in the Fund is required to be sixty days or less. The Fund will also limit its dollar-weighted average life (portfolio maturity measured without reference to any maturity shortening provisions of adjustable rate securities by reference to their interest rate reset date) to 120 days.
The Fund qualifies as a “government money market fund,” as such term is defined in or interpreted under Rule 2a-7 under the 1940 Act. “Government money market funds” are required to invest at least 99.5% of their total assets in (i) cash, (ii) securities issued or guaranteed by the United States or certain U.S. government agencies or instrumentalities and/or (iii) repurchase agreements that are collateralized fully, and are exempt from requirements that permit money market funds to impose liquidity fees. While the Fund’s Board of Trustees (the “Board”) may elect to subject the Fund to liquidity fees in the future, it has not elected to do so at this time.
The Manager may consider the following factors when buying and selling securities for the Fund: (i) portfolio liquidity and (ii) redemption requests.
GBAXX - Performance
Return Ranking - Trailing
| Period | GBAXX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 5.3% | 0.5% | 10.4% | 5.08% |
| 1 Yr | 5.3% | 0.5% | 10.4% | 5.33% |
| 3 Yr | 3.8%* | 0.7% | 5.4% | 10.65% |
| 5 Yr | 2.4%* | 0.5% | 3.3% | 5.01% |
| 10 Yr | 1.3%* | 0.4% | 32.5% | 71.01% |
* Annualized
Return Ranking - Calendar
| Period | GBAXX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 0.0% | -0.1% | 5.0% | 68.02% |
| 2022 | 0.0% | 0.0% | 1.2% | 70.91% |
| 2021 | 0.0% | 0.0% | 0.0% | 71.43% |
| 2020 | 0.0% | 0.0% | 0.4% | 72.59% |
| 2019 | 0.0% | 0.0% | 2.0% | 72.96% |
Total Return Ranking - Trailing
| Period | GBAXX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 5.3% | 0.5% | 10.4% | 5.08% |
| 1 Yr | 5.3% | 0.5% | 10.4% | 5.33% |
| 3 Yr | 3.8%* | 0.7% | 5.4% | 10.65% |
| 5 Yr | 2.4%* | 0.5% | 3.3% | 5.01% |
| 10 Yr | 1.3%* | 0.4% | 32.5% | 71.01% |
* Annualized
Total Return Ranking - Calendar
| Period | GBAXX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 5.4% | 0.8% | 5.9% | 3.30% |
| 2022 | 1.1% | 0.0% | 1.7% | 66.49% |
| 2021 | 0.0% | 0.0% | 1.9% | 80.49% |
| 2020 | 0.5% | 0.0% | 3.0% | 12.05% |
| 2019 | 1.0% | 0.0% | 3797.9% | 81.76% |
NAV & Total Return History
GBAXX - Holdings
Concentration Analysis
| GBAXX | Category Low | Category High | GBAXX % Rank | |
|---|---|---|---|---|
| Net Assets | 295 M | 818 K | 211 B | 58.66% |
| Number of Holdings | 20 | 1 | 346 | 81.39% |
| Net Assets in Top 10 | 1.59 B | 147 K | 163 B | 70.47% |
| Weighting of Top 10 | 82.26% | 22.7% | 100.0% | 28.83% |
Top 10 Holdings
- United States Treasury Bills 0% 32.80%
- United States Treasury Bills 0.04998% 31.08%
- United States Treasury Bills 0.30014% 23.76%
- United States Treasury Bills 0.05001% 21.74%
- United States Treasury Bills 0.08% 18.74%
- United States Treasury Bills 0.11% 13.13%
- United States Treasury Bills 0.07% 12.99%
- United States Treasury Bills 0.12% 12.56%
- United States Treasury Bills 0.11% 11.61%
- United States Treasury Bills 0.1% 11.12%
Asset Allocation
| Weighting | Return Low | Return High | GBAXX % Rank | |
|---|---|---|---|---|
| Cash | 97.41% | 25.56% | 100.00% | 11.88% |
| Bonds | 2.59% | 0.00% | 74.44% | 88.86% |
| Stocks | 0.00% | 0.00% | 0.00% | 70.54% |
| Preferred Stocks | 0.00% | 0.00% | 0.00% | 70.54% |
| Other | 0.00% | -1.67% | 0.04% | 70.54% |
| Convertible Bonds | 0.00% | 0.00% | 21.22% | 73.02% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | GBAXX % Rank | |
|---|---|---|---|---|
| Cash & Equivalents | 97.41% | 0.00% | 100.00% | 9.65% |
| Government | 2.59% | 0.00% | 44.01% | 88.37% |
| Derivative | 0.00% | 0.00% | 0.00% | 70.54% |
| Securitized | 0.00% | 0.00% | 1.75% | 71.29% |
| Corporate | 0.00% | 0.00% | 100.00% | 76.73% |
| Municipal | 0.00% | 0.00% | 22.71% | 72.52% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | GBAXX % Rank | |
|---|---|---|---|---|
| US | 2.59% | 0.00% | 72.86% | 88.86% |
| Non US | 0.00% | 0.00% | 3.41% | 71.53% |
GBAXX - Expenses
Operational Fees
| GBAXX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.08% | 0.07% | 2.23% | 99.75% |
| Management Fee | 0.08% | 0.03% | 0.50% | 13.12% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.55% | N/A |
Sales Fees
| GBAXX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 5.75% | 5.75% | 100.00% |
| Deferred Load | 1.00% | 1.00% | 4.00% | 68.42% |
Trading Fees
| GBAXX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | 5.00% | 5.00% | 5.00% | 100.00% |
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.
| GBAXX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 0.00% | 485.00% | N/A |
GBAXX - Distributions
Dividend Yield Analysis
| GBAXX | Category Low | Category High | GBAXX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 4.33% | 0.00% | 5.42% | 3.22% |
Dividend Distribution Analysis
| GBAXX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
| GBAXX | Category Low | Category High | GBAXX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.01% | -1.09% | 1.67% | 63.80% |
Capital Gain Distribution Analysis
| GBAXX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Monthly | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Nov 26, 2024 | $0.004 | OrdinaryDividend |
| Oct 29, 2024 | $0.004 | OrdinaryDividend |
| Sep 26, 2024 | $0.004 | OrdinaryDividend |
| Aug 28, 2024 | $0.004 | OrdinaryDividend |
| Jul 31, 2024 | $0.005 | OrdinaryDividend |
| Apr 30, 2024 | $0.004 | OrdinaryDividend |
| Mar 28, 2024 | $0.005 | OrdinaryDividend |
| Feb 29, 2024 | $0.004 | OrdinaryDividend |
| Jan 31, 2024 | $0.004 | OrdinaryDividend |
| Dec 29, 2023 | $0.005 | OrdinaryDividend |
| Nov 30, 2023 | $0.004 | OrdinaryDividend |
| Oct 31, 2023 | $0.005 | OrdinaryDividend |
| Sep 29, 2023 | $0.004 | OrdinaryDividend |
| Aug 31, 2023 | $0.005 | OrdinaryDividend |
| Jul 31, 2023 | $0.004 | OrdinaryDividend |
| Jun 30, 2023 | $0.004 | OrdinaryDividend |
| May 31, 2023 | $0.004 | OrdinaryDividend |
| Apr 28, 2023 | $0.004 | OrdinaryDividend |
| Mar 31, 2023 | $0.004 | OrdinaryDividend |
| Feb 28, 2023 | $0.003 | OrdinaryDividend |
| Jan 31, 2023 | $0.003 | OrdinaryDividend |
| Dec 31, 2022 | $0.004 | OrdinaryDividend |
| Nov 28, 2022 | $0.003 | OrdinaryDividend |
| Oct 27, 2022 | $0.002 | OrdinaryDividend |
| Sep 28, 2022 | $0.002 | OrdinaryDividend |
| Aug 29, 2022 | $0.002 | OrdinaryDividend |
| Jul 27, 2022 | $0.001 | OrdinaryDividend |
| Jun 28, 2022 | $0.001 | OrdinaryDividend |
| May 26, 2022 | $0.000 | OrdinaryDividend |
| Apr 27, 2022 | $0.000 | OrdinaryDividend |
| Mar 29, 2022 | $0.000 | OrdinaryDividend |
| Feb 24, 2022 | $0.000 | OrdinaryDividend |
| Jan 27, 2022 | $0.000 | OrdinaryDividend |
| Apr 28, 2021 | $0.000 | OrdinaryDividend |
| Mar 29, 2021 | $0.000 | OrdinaryDividend |
| Feb 24, 2021 | $0.000 | OrdinaryDividend |
| Jan 27, 2021 | $0.000 | OrdinaryDividend |
| Dec 31, 2020 | $0.000 | OrdinaryDividend |
| Dec 29, 2020 | $0.000 | OrdinaryDividend |
| Nov 25, 2020 | $0.000 | OrdinaryDividend |
| Oct 28, 2020 | $0.000 | OrdinaryDividend |
| Sep 28, 2020 | $0.000 | OrdinaryDividend |
| Aug 27, 2020 | $0.000 | OrdinaryDividend |
| Jul 29, 2020 | $0.000 | OrdinaryDividend |
| Jun 26, 2020 | $0.000 | OrdinaryDividend |
| May 27, 2020 | $0.000 | OrdinaryDividend |
| Apr 28, 2020 | $0.001 | OrdinaryDividend |
| Mar 27, 2020 | $0.001 | OrdinaryDividend |
| Feb 26, 2020 | $0.001 | OrdinaryDividend |
| Jan 29, 2020 | $0.001 | OrdinaryDividend |
| Dec 27, 2019 | $0.002 | OrdinaryDividend |
| Nov 26, 2019 | $0.001 | OrdinaryDividend |
| Oct 29, 2019 | $0.002 | OrdinaryDividend |
| Sep 30, 2019 | $0.002 | OrdinaryDividend |
| Aug 28, 2019 | $0.002 | OrdinaryDividend |
| Jul 29, 2019 | $0.002 | OrdinaryDividend |
