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Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
Name
As of 12/09/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
YTD Return
25.7%
1 yr return
30.9%
3 Yr Avg Return
8.6%
5 Yr Avg Return
8.7%
Net Assets
$369 M
Holdings in Top 10
54.5%
Expense Ratio 1.55%
Front Load 5.75%
Deferred Load N/A
Turnover 14.00%
Redemption Fee 2.00%
Standard (Taxable)
$1,000
IRA
$250
Fund Type
Open End Mutual Fund
Name
As of 12/09/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Under normal circumstances, the Fund invests at least 80% of its net assets (plus borrowings for investment purposes) in equity securities of foreign and domestic issuers principally engaged in gold related activities and gold bullion (the “80% Investment Policy”).
In selecting investments for the Fund, Gabelli Funds, LLC (the “Adviser”), focuses on stocks that are undervalued, but which appear to have favorable prospects for growth. Factors considered in this determination include capitalization per ounce of gold production, capitalization per ounce of recoverable reserves, quality of management, and the issuer’s ability to create shareholder wealth.
Because most of the world’s gold production is outside of the United States, the Fund expects that a significant portion of its assets may be invested in securities of foreign issuers, including those located in emerging markets.
An important function of the Adviser’s investment process is to, among other things, establish through the Adviser’s research, a value at which a particular stock may be sold, provided there are no other fundamental
changes in the business. The Adviser constantly monitors the Fund’s holdings to determine if such holdings continue to act in accordance with the factors described above and the Fund’s investment objective. The Adviser may sell a holding if its fundamentals deteriorate or change in a way, as determined by the Adviser, that the investment case for the holding is no longer appropriate for the Fund.
Period | GLDAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 25.7% | -28.9% | 36.9% | 40.00% |
1 Yr | 30.9% | -22.8% | 44.9% | 63.08% |
3 Yr | 8.6%* | -25.9% | 11.6% | 20.00% |
5 Yr | 8.7%* | -0.7% | 11.6% | 46.88% |
10 Yr | N/A* | -2.1% | 10.8% | 8.93% |
* Annualized
Period | GLDAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 6.7% | -19.2% | 10.1% | 21.54% |
2022 | -11.0% | -32.9% | -1.3% | 24.62% |
2021 | -9.0% | -51.0% | 70.4% | 21.54% |
2020 | 24.2% | 10.6% | 63.4% | 62.50% |
2019 | N/A | -1.0% | 54.7% | 49.18% |
Period | GLDAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 25.7% | -28.9% | 36.9% | 40.00% |
1 Yr | 30.9% | -22.8% | 44.9% | 63.08% |
3 Yr | 8.6%* | -25.9% | 11.6% | 20.00% |
5 Yr | 8.7%* | -0.7% | 11.6% | 46.88% |
10 Yr | N/A* | -2.1% | 10.8% | 14.55% |
* Annualized
Period | GLDAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 7.9% | -19.2% | 12.3% | 20.00% |
2022 | -11.0% | -32.9% | 2.7% | 27.69% |
2021 | -9.0% | -23.6% | 80.2% | 33.85% |
2020 | 26.4% | 10.6% | 70.6% | 67.19% |
2019 | N/A | 0.7% | 58.5% | 49.18% |
GLDAX | Category Low | Category High | GLDAX % Rank | |
---|---|---|---|---|
Net Assets | 369 M | 12.9 M | 13.7 B | 67.69% |
Number of Holdings | 50 | 22 | 268 | 61.54% |
Net Assets in Top 10 | 194 M | 11.1 M | 9.64 B | 73.85% |
Weighting of Top 10 | 54.51% | 31.4% | 87.4% | 52.31% |
Weighting | Return Low | Return High | GLDAX % Rank | |
---|---|---|---|---|
Stocks | 99.95% | 79.45% | 119.48% | 12.31% |
Cash | 0.05% | 0.00% | 13.94% | 95.38% |
Preferred Stocks | 0.00% | 0.00% | 0.71% | 87.69% |
Other | 0.00% | -1.52% | 17.99% | 89.23% |
Convertible Bonds | 0.00% | 0.00% | 0.00% | 87.69% |
Bonds | 0.00% | 0.00% | 3.33% | 87.69% |
Weighting | Return Low | Return High | GLDAX % Rank | |
---|---|---|---|---|
Basic Materials | 100.00% | 93.10% | 100.00% | 66.15% |
Utilities | 0.00% | 0.00% | 0.02% | 87.69% |
Technology | 0.00% | 0.00% | 0.19% | 87.69% |
Real Estate | 0.00% | 0.00% | 0.00% | 87.69% |
Industrials | 0.00% | 0.00% | 4.56% | 87.69% |
Healthcare | 0.00% | 0.00% | 0.00% | 87.69% |
Financial Services | 0.00% | 0.00% | 0.14% | 87.69% |
Energy | 0.00% | 0.00% | 2.88% | 87.69% |
Communication Services | 0.00% | 0.00% | 0.00% | 87.69% |
Consumer Defense | 0.00% | 0.00% | 0.00% | 87.69% |
Consumer Cyclical | 0.00% | 0.00% | 2.75% | 87.69% |
Weighting | Return Low | Return High | GLDAX % Rank | |
---|---|---|---|---|
Non US | 58.89% | 0.00% | 90.88% | 50.77% |
US | 41.06% | 4.58% | 93.04% | 55.38% |
GLDAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.55% | 0.39% | 5.11% | 26.15% |
Management Fee | 1.00% | 0.35% | 1.00% | 100.00% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 60.00% |
Administrative Fee | N/A | 0.10% | 0.25% | N/A |
GLDAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | 5.75% | 3.50% | 5.75% | 38.46% |
Deferred Load | N/A | 1.00% | 1.00% | N/A |
GLDAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | 2.00% | 1.00% | 2.00% | 66.67% |
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.
GLDAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 14.00% | 1.00% | 114.00% | 26.98% |
GLDAX | Category Low | Category High | GLDAX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.90% | 0.00% | 4.36% | 35.38% |
GLDAX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annual | SemiAnnual | Annual |
GLDAX | Category Low | Category High | GLDAX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.16% | -18.00% | 5.11% | 67.69% |
GLDAX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Date | Amount | Type |
---|---|---|
Dec 27, 2023 | $0.203 | OrdinaryDividend |
Dec 29, 2020 | $0.357 | OrdinaryDividend |
Dec 27, 2019 | $0.132 | OrdinaryDividend |
Dec 28, 2011 | $5.900 | CapitalGainLongTerm |
Dec 29, 2010 | $3.600 | CapitalGainLongTerm |
Dec 29, 2010 | $1.327 | OrdinaryDividend |
Dec 29, 2009 | $0.490 | OrdinaryDividend |
Dec 27, 2007 | $0.218 | CapitalGainShortTerm |
Dec 27, 2007 | $2.050 | CapitalGainLongTerm |
Dec 27, 2007 | $0.727 | OrdinaryDividend |
Dec 27, 2006 | $0.036 | CapitalGainShortTerm |
Dec 27, 2006 | $2.000 | CapitalGainLongTerm |
Dec 27, 2006 | $0.508 | OrdinaryDividend |
Dec 28, 2005 | $0.463 | CapitalGainLongTerm |
Dec 28, 2005 | $0.081 | OrdinaryDividend |
Dec 29, 2004 | $0.222 | OrdinaryDividend |
Dec 29, 2003 | $0.186 | OrdinaryDividend |
Start Date
Tenure
Tenure Rank
Jul 11, 1994
27.91
27.9%
Mr. Bryan is a Senior Vice President and Portfolio Manager with GAMCO Asset Management Inc., a wholly owned subsidiary of GBL. Mr. Bryan has also been a Co-Lead Portfolio Manager of GAMCO Global Gold, Natural Resources & Income Trust since March 2005 and The GAMCO Natural Resources, Gold & Income Trust since January 2011.
Start Date
Tenure
Tenure Rank
Feb 01, 2021
1.33
1.3%
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
1.25 | 34.34 | 11.89 | 3.67 |
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