GABIX: Gabelli Asset I

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GABIX Gabelli Asset I

  • Fund
  • GABIX
  • Price as of: Oct 18, 2019
  • $56.48 - $0.15 - 0.27%

GABIX - Profile

Vitals

  • YTD Return 14.6%
  • 3 Yr Annualized Return -0.7%
  • 5 Yr Annualized Return -2.2%
  • Net Assets $2.23 B
  • Holdings in Top 10 18.6%

52 WEEK LOW AND HIGH

$56.48
$48.52
$60.15

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.10%

SALES FEES

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

BROKERAGE FEES

  • Turnover 2.00%

TRADING FEES

  • Max Redemption Fee 2.00%

Min Investment

STANDARD (TAXABLE)

$500,000

IRA

N/A

Fund Classification

PRIMARY CATEGORY

  • Fund Type Open End Mutual Fund
  • Investment Style Large Blend

Distributions

  • YTD Total Return 14.6%
  • 3 Yr Annualized Total Return 10.2%
  • 5 Yr Annualized Total Return 6.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.57%
DIVIDENDS
  • Dividend Yield 0.6%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name Gabelli Asset Fund
  • Fund Family Name Gabelli
  • Inception Date Jan 11, 2008
  • Shares Outstanding N/A
  • Share Class Inst
  • Currency USD
  • Domiciled Country United States
  • Manager Mario J. 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. It focuses on companies that appear underpriced relative to their private market value ("PMV"). The fund normally invests at least 80% of its assets in stocks that are listed on a recognized securities exchange or similar market. It may invest up to 25% of its total assets in securities of non-U.S. issuers.

GABIX - Performance

Return Ranking - Trailing

Period GABIX Return Category Return Low Category Return High Rank in Category (%)
YTD 14.6% -39.2% 47.9% 34.29%
1 Yr -4.5% -55.1% 55.3% 63.68%
3 Yr -0.7%* -33.8% 33.1% 72.44%
5 Yr -2.2%* -32.6% 26.9% 76.71%
10 Yr 3.6%* -13.4% 29.5% 69.66%

* Annualized


Return Ranking - Calendar

Period GABIX Return Category Return Low Category Return High Rank in Category (%)
2018 -16.2% -100.0% 23.6% 71.17%
2017 10.6% -55.3% 69.8% 40.29%
2016 -1.5% -56.6% 80.1% 84.83%
2015 -17.3% -50.8% 22.5% 87.78%
2014 0.1% -87.7% 249.9% 64.08%

Total Return Ranking - Trailing

Period GABIX Return Category Return Low Category Return High Rank in Category (%)
YTD 14.6% -39.2% 47.9% 34.44%
1 Yr 5.5% -55.1% 55.3% 19.68%
3 Yr 10.2%* -33.8% 33.1% 17.63%
5 Yr 6.9%* -32.6% 26.9% 32.72%
10 Yr 10.1%* -13.4% 29.5% 34.27%

* Annualized


Total Return Ranking - Calendar

Period GABIX Return Category Return Low Category Return High Rank in Category (%)
2018 -7.4% -100.0% 23.6% 37.54%
2017 20.5% -55.3% 69.8% 22.15%
2016 11.7% -56.6% 80.1% 35.52%
2015 -5.5% -50.8% 30.8% 64.29%
2014 0.1% -87.7% 249.9% 80.20%

NAV & Total Return History

GABIX - Holdings

Concentration Analysis

GABIX Category Low Category High GABIX % Rank
Net Assets 2.23 B 479 K 99.8 B 20.20%
Number of Holdings 438 1 6176 4.51%
Net Assets in Top 10 431 M -664 M 25.8 B 24.12%
Weighting of Top 10 18.60% 0.0% 20474.3% 84.91%

Top 10 Holdings

  1. AMETEK Inc 2.69%

  2. Brown-Forman Corp Class A 2.18%

  3. Diageo PLC ADR 1.87%

  4. Sony Corp ADR 1.86%

  5. Republic Services Inc Class A 1.83%

  6. Genuine Parts Co 1.69%

  7. The Walt Disney Co 1.68%

  8. Berkshire Hathaway Inc A 1.65%

  9. The Madison Square Garden Co A 1.61%

  10. Mastercard Inc A 1.54%


Asset Allocation

Weighting Return Low Return High GABIX % Rank
Stocks
99.80% -45.78% 100.29% 0.56%
Cash
0.16% -6.52% 7388.76% 97.32%
Preferred Stocks
0.03% -0.48% 19.87% 24.54%
Other
0.01% -7288.76% 38.16% 26.09%
Convertible Bonds
0.00% -0.23% 16.29% 42.60%
Bonds
0.00% -106.39% 42.16% 55.43%

Stock Sector Breakdown

Weighting Return Low Return High GABIX % Rank
Industrials
26.90% -21.11% 58.12% 2.01%
Consumer Defense
17.76% -78.39% 53.36% 4.02%
Consumer Cyclical
16.75% -18.86% 241.63% 7.90%
Financial Services
13.03% -3.32% 71.54% 33.48%
Communication Services
6.89% -95.92% 42.32% 8.05%
Healthcare
5.13% -26.86% 79.31% 65.37%
Technology
4.99% -54.35% 73.59% 74.86%
Basic Materials
4.35% -78.19% 71.11% 21.84%
Energy
2.20% -7.00% 96.18% 56.03%
Utilities
0.80% -18.94% 75.11% 44.68%
Real Estate
0.74% -31.66% 49.62% 57.18%

Stock Geographic Breakdown

Weighting Return Low Return High GABIX % Rank
US
79.66% -24.97% 79.96% 4.09%
Non US
20.14% -64.08% 100.29% 6.77%

GABIX - Expenses

Operational Fees

GABIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.10% 0.04% 27.58% 74.17%
Management Fee 1.00% 0.00% 2.94% 65.77%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 1.12% N/A

Sales Fees

GABIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

GABIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 2.00% 0.50% 2.00% 11.73%

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.

GABIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 2.00% 0.00% 5191.00% 4.19%

GABIX - Distributions

Dividend Yield Analysis

GABIX Category Low Category High GABIX % Rank
Dividend Yield 0.59% 0.00% 14.32% 23.24%

Dividend Distribution Analysis

GABIX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Quarterly Semi-Annually

Dividend Payout History


Net Income Ratio Analysis

GABIX Category Low Category High GABIX % Rank
Net Income Ratio 0.57% -8.87% 4.47% 41.65%

Capital Gain Distribution Analysis

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

GABIX - Managers

Mario J. Gabelli

Manager

Start Date

Tenure

Tenure Rank

Mar 03, 1986

33.6

33.6%

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 V. Dreyer

Manager

Start Date

Tenure

Tenure Rank

Sep 01, 2009

10.08

10.1%

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

Manager

Start Date

Tenure

Tenure Rank

Dec 01, 2010

8.84

8.8%

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 J. Jonas

Manager

Start Date

Tenure

Tenure Rank

Oct 01, 2012

7.0

7.0%

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

Manager

Start Date

Tenure

Tenure Rank

Jul 01, 2019

0.25

0.3%


Tenure Analysis

Category Low

0.0

Category High

40.77

Category Average

7.65

Category Mode

6.0