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COMVX Comstock Capital Value AAA

  • Fund
  • COMVX
  • Price as of: Mar 22, 2019
  • $4.57
  • + $0.10
  • + 2.24%
  • Category
  • Bear Market

COMVX - Profile

Vitals

  • YTD Return -13.6%
  • 3 Yr Annualized Return -15.5%
  • 5 Yr Annualized Return -14.0%
  • Net Assets $16.6 M
  • Holdings in Top 10 56.2%

52 WEEK LOW AND HIGH

$4.57
$4.36
$5.66

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.98%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 39.00%

TRADING FEES

  • Max Redemption Fee 2.00%

Min Investment

STANDARD (TAXABLE)

$1,000

IRA

$250

Investment Themes

CATEGORY

Bear Market
  • Fund Type Open End Mutual Fund
  • Investment Style Bear Market

Distributions

  • YTD Total Return -13.6%
  • 3 Yr Annualized Total Return -15.5%
  • 5 Yr Annualized Total Return -14.0%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio -1.77%
DIVIDENDS
  • Dividend Yield N/A
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name Comstock Capital Value Fund
  • Fund Family Name Gabelli
  • Inception Date Dec 08, 2008
  • Shares Outstanding N/A
  • Share Class Other
  • Currency USD
  • Domiciled Country United States
  • Manager Charles L. Minter

Fund Description

The fund follows a value oriented strategy and seeks to achieve its investment objective by investing in equity and debt securities, money market instruments, and derivatives. It may invest in, and may shift frequently among, a wide range of asset classes and market sectors. The fund may invest up to 65% of its assets in equity and debt securities of foreign issuers, including those in emerging markets. It may invest without limit in high yield debt securities, but currently the advisor intends to limit such investments to 35% of its assets.

COMVX - Performance

Return Ranking - Trailing

Period COMVX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -13.6% -16.3% 0.5% 68.42% 4
1 Yr -10.6% -34.7% 241.2% 57.89% 3
3 Yr -15.5% * -16.1% 49.8% 87.50% 5
5 Yr -14.0% * -14.5% 38.9% 93.75% 5
10 Yr -18.5% * -19.1% 6.5% 86.67% 5

* Annualized


Return Ranking - Calendar

Period COMVX Return Category Return Low Category Return High Rank in Category (%) Quintile
2018 7.5% -15.4% 302.0% 25.00% 1
2017 -20.5% -21.0% -7.9% 87.50% 5
2016 -20.5% -21.2% 767.0% 87.50% 5
2015 -4.5% -13.1% 3.8% 31.25% 2
2014 -16.7% -25.4% -11.0% 75.00% 5

Total Return Ranking - Trailing

Period COMVX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -13.6% -16.3% 0.5% 63.16% 4
1 Yr -10.6% -37.2% 241.2% 57.89% 3
3 Yr -15.5% * -16.1% 49.8% 87.50% 5
5 Yr -14.0% * -14.5% 38.9% 93.75% 5
10 Yr -18.5% * -19.1% 6.5% 86.67% 5

* Annualized


Total Return Ranking - Calendar

Period COMVX Return Category Return Low Category Return High Rank in Category (%) Quintile
2018 7.5% -15.4% 302.0% 23.53% 1
2017 -20.5% -21.0% -7.9% 87.50% 5
2016 -20.5% -21.2% 767.0% 87.50% 5
2015 -4.5% -14.0% 7.2% 62.50% 3
2014 -16.7% -27.9% -7.9% 81.25% 5

NAV & Total Return History

COMVX - Holdings

Filings data as of: Oct 31, 2018

Concentration Analysis

COMVX Category Low Category High COMVX % Rank Quintile
Net Assets 16.6 M 114 K 2.06 B 31.58% 4
Number of Holdings 73 5 951 26.32% 4
Net Assets in Top 10 7.92 M -1.11 B 118 M 10.53% 2
Weighting of Top 10 56.2% 0.0% 478.3% 21.05% 3

Top 10 Holdings

  1. United States Treasury Bills 2.18% 19.26%
  2. United States Treasury Bills 19.13%
  3. United States Treasury Bills 2.46% 5.65%
  4. iShares Silver Trust 2.29%
  5. ProShares UltraShort 20+ Year Treasury 2.89%
  6. SPDR® Gold Shares 1.86%
  7. Spx Us 03/15/19 P2700 1.41%
  8. S&P500 Emini Fut Dec18 1.35%
  9. Cboe Global Markets Inc 1.17%
  10. Spx Us 03/15/19 P2500 1.16%

Asset Allocation

Weighting Category Low Category High COMVX % Rank Quintile
Cash
79.63% 68.50% 227.24% 36.84% 4
Bonds
44.47% -0.04% 105.60% 15.79% 3
Other
1.96% -0.24% 31.50% 21.05% 3
Preferred Stocks
0.00% 0.00% 0.07% 15.79% 4
Convertible Bonds
0.00% 0.00% 1.14% 15.79% 4
Stocks
-26.05% -187.42% 0.00% 10.53% 2

Bond Sector Breakdown

Weighting Category Low Category High COMVX % Rank Quintile
Cash & Equivalents
79.63% 68.50% 227.24% 36.84% 4
Government
44.47% -1.78% 97.41% 10.53% 2
Derivative
0.00% 0.00% 24.25% 15.79% 4
Securitized
0.00% 0.00% 47.47% 15.79% 4
Corporate
0.00% -0.06% 11.49% 15.79% 4
Municipal
0.00% 0.00% 0.73% 15.79% 4

Bond Geographic Breakdown

Weighting Category Low Category High COMVX % Rank Quintile
US
44.47% -0.01% 133.02% 21.05% 3
Non US
0.00% -97.81% 25.05% 10.53% 4

COMVX - Expenses

Operational Fees

COMVX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 2.98% 0.66% 8.46% 42.11% 3
Management Fee 1.00% 0.64% 2.00% 21.05% 3
12b-1 Fee 0.25% 0.00% 1.00% 25.00% 3
Administrative Fee N/A 0.04% 0.40% N/A N/A

Sales Fees

COMVX Fees (% of AUM) Category Low Category High COMVX Rank Quintile
Front Load N/A 3.75% 5.75% N/A N/A
Deferred Load N/A 1.00% 1.00% N/A N/A

Trading Fees

COMVX Fees (% of AUM) Category Low Category High COMVX Rank Quintile
Max Redemption Fee 2.00% 2.00% 2.00% 14.29% 5

Turnover 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.

COMVX Fees (% of AUM) Category Low Category High COMVX Rank Quintile
Turnover 39.00% 0.00% 1297.00% 27.78% 2

COMVX - Distributions

Dividend Yield Analysis

COMVX Category Low Category High COMVX % Rank Quintile
Dividend Yield N/A 0.00% 0.29% N/A N/A

Dividend Distribution Analysis

COMVX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Quarterly Annually

Dividend Payout History


Net Income Ratio Analysis

COMVX Category Low Category High COMVX % Rank Quintile
Net Income Ratio -1.77% -3.73% 2.55% 63.16% 4

Capital Gain Distribution Analysis

COMVX Category Low Category High Capital Mode
Capital Gain Distribution Frequency N/A Annually Annually Annually

COMVX - Managers

Charles L. Minter

Manager

Start Date

Apr 30, 1987

Tenure

31.85

Tenure Rank

4.5%

Mr. Minter is currently a Director of Comstock Funds, Inc. Mr. Minter has been a portfolio manager with the firm since May of 2000. Prior to May 2000, Mr. Minter was Chairman and Chief Executive Officer of Comstock Partners, the Fund’s previous investment adviser. Mr. Minter was one of the founders of Comstock Partners which was formed in 1986. Prior to forming Comstock Partners, Mr. Minter worked for Merrill Lynch from 1966 to 1986, serving as Vice President of Institutional Sales from 1976 to 1986. Mr. Minter was involved (with his prior partners) in the management of the Capital Value Fund (including its predecessor, the Dreyfus Capital Value Fund) since April 30, 1987. Mr. Minter has an M.B.A. degree with distinction from New York University’s Graduate School of Business and a B.S. degree from Florida State University.


Dennis J. DeCore

Manager

Start Date

Dec 16, 2014

Tenure

4.21

Tenure Rank

18.2%

Mr. DeCore has been a portfolio manager with Gabelli Funds LLC since December of 2014. Prior to December 2014, Mr. DeCore was a managing director at Mitsubishi UFJ Securities in corporate buybacks – proprietary trading from 2008 to 2012. He was co-manager and managing director of U.S. Equity Index Arbitrage at Nomura Securities International from August 1997 to December 2007. From January 1991 to August 1997, Mr. DeCore was a co-manager and managing director at WG Trading Company. He was employed with Merrill Lynch and Co. from September 1981 to January 1991 as a vice president, co-manager and managing director. Mr. DeCore has a M.B.A. from New York University and a B.S. from Rider College.


Tenure Analysis

Category Low

0.3

Category High

43.8

Category Average

7.26

Category Mode

4.2