Name
As of 03/27/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
3.0%
1 yr return
8.9%
3 Yr Avg Return
2.5%
5 Yr Avg Return
6.9%
Net Assets
$56.4 M
Holdings in Top 10
27.1%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.40%
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
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 03/27/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
GAGIX - Profile
Distributions
- YTD Total Return 3.0%
- 3 Yr Annualized Total Return 2.5%
- 5 Yr Annualized Total Return 6.9%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.20%
- Dividend Yield 1.9%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameThe Gabelli Global Rising Income and Dividend Fund
-
Fund Family NameGabelli Fund Complex
-
Inception DateOct 30, 2008
-
Shares OutstandingN/A
-
Share ClassI
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMario 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.
GAGIX - Performance
Return Ranking - Trailing
Period | GAGIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 3.0% | -0.9% | 17.8% | 79.74% |
1 Yr | 8.9% | -2.2% | 75.0% | 79.20% |
3 Yr | 2.5%* | -22.7% | 10.8% | 45.33% |
5 Yr | 6.9%* | -11.4% | 20.9% | 26.79% |
10 Yr | 5.3%* | -4.6% | 9.9% | 26.81% |
* Annualized
Return Ranking - Calendar
Period | GAGIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 7.4% | -18.9% | 60.2% | 51.10% |
2022 | -18.6% | -48.5% | 0.1% | 66.08% |
2021 | 19.5% | -19.0% | 48.3% | 5.75% |
2020 | 10.9% | -16.5% | 52.8% | 20.00% |
2019 | 13.9% | -8.5% | 27.3% | 24.29% |
Total Return Ranking - Trailing
Period | GAGIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 3.0% | -0.9% | 17.8% | 79.74% |
1 Yr | 8.9% | -2.2% | 75.0% | 79.20% |
3 Yr | 2.5%* | -22.7% | 10.8% | 45.33% |
5 Yr | 6.9%* | -11.4% | 20.9% | 26.79% |
10 Yr | 5.3%* | -4.6% | 9.9% | 26.81% |
* Annualized
Total Return Ranking - Calendar
Period | GAGIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 9.9% | -11.7% | 61.8% | 47.58% |
2022 | -15.6% | -48.5% | 4.6% | 66.08% |
2021 | 21.3% | -14.2% | 48.3% | 8.85% |
2020 | 11.7% | -11.7% | 77.4% | 26.98% |
2019 | 15.1% | -3.9% | 30.2% | 43.33% |
NAV & Total Return History
GAGIX - Holdings
Concentration Analysis
GAGIX | Category Low | Category High | GAGIX % Rank | |
---|---|---|---|---|
Net Assets | 56.4 M | 1.67 M | 13.2 B | 72.49% |
Number of Holdings | 169 | 2 | 1954 | 21.40% |
Net Assets in Top 10 | 15.5 M | 1.26 M | 10.4 B | 89.52% |
Weighting of Top 10 | 27.09% | 0.4% | 149.2% | 90.39% |
Top 10 Holdings
- Sony Group Corp 3.96%
- Sony Group Corp 3.85%
- Enpro Inc 3.06%
- Berkshire Hathaway Inc 2.84%
- Nestle SA 2.83%
- Remy Cointreau SA 2.68%
- Herc Holdings Inc 2.39%
- CNH Industrial NV 1.92%
- Landis+Gyr Group AG 1.81%
- L'Oreal SA 1.74%
Asset Allocation
Weighting | Return Low | Return High | GAGIX % Rank | |
---|---|---|---|---|
Stocks | 98.14% | 0.00% | 137.56% | 27.95% |
Bonds | 1.73% | 0.00% | 106.59% | 37.55% |
Cash | 0.13% | -33.22% | 99.05% | 94.32% |
Preferred Stocks | 0.00% | 0.00% | 5.36% | 23.14% |
Other | 0.00% | -29.71% | 128.17% | 40.61% |
Convertible Bonds | 0.00% | 0.00% | 8.92% | 56.77% |
Stock Sector Breakdown
Weighting | Return Low | Return High | GAGIX % Rank | |
---|---|---|---|---|
Industrials | 22.59% | 0.00% | 23.85% | 2.05% |
Consumer Defense | 21.79% | 0.00% | 37.51% | 2.56% |
Communication Services | 13.53% | 0.00% | 21.61% | 3.59% |
Consumer Cyclical | 10.43% | 0.00% | 25.83% | 37.44% |
Financial Services | 9.83% | 0.00% | 98.22% | 60.00% |
Technology | 9.40% | 0.00% | 85.77% | 75.90% |
Healthcare | 4.28% | 0.00% | 38.63% | 80.00% |
Utilities | 3.02% | 0.00% | 91.12% | 46.67% |
Basic Materials | 2.91% | 0.00% | 56.73% | 63.59% |
Energy | 2.23% | 0.00% | 60.89% | 79.49% |
Real Estate | 0.00% | 0.00% | 99.45% | 88.21% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | GAGIX % Rank | |
---|---|---|---|---|
US | 56.63% | 0.00% | 137.56% | 65.94% |
Non US | 41.50% | -1.94% | 41.50% | 0.44% |
Bond Sector Breakdown
Weighting | Return Low | Return High | GAGIX % Rank | |
---|---|---|---|---|
Derivative | 0.00% | -15.09% | 128.17% | 34.93% |
Cash & Equivalents | 0.00% | 0.00% | 93.38% | 83.84% |
Securitized | 0.00% | 0.00% | 52.99% | 51.97% |
Corporate | 0.00% | 0.00% | 98.28% | 71.18% |
Municipal | 0.00% | 0.00% | 19.13% | 40.17% |
Government | 0.00% | 0.00% | 99.78% | 82.10% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | GAGIX % Rank | |
---|---|---|---|---|
US | 1.73% | 0.00% | 92.67% | 37.55% |
Non US | 0.00% | 0.00% | 27.25% | 25.33% |
GAGIX - Expenses
Operational Fees
GAGIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.40% | 0.49% | 5.81% | 65.94% |
Management Fee | 1.00% | 0.00% | 1.50% | 65.07% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.05% | 0.70% | N/A |
Sales Fees
GAGIX 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
GAGIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | 2.00% | 0.50% | 2.00% | 3.23% |
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.
GAGIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 10.00% | 1.75% | 441.00% | 13.44% |
GAGIX - Distributions
Dividend Yield Analysis
GAGIX | Category Low | Category High | GAGIX % Rank | |
---|---|---|---|---|
Dividend Yield | 1.87% | 0.00% | 24.73% | 36.68% |
Dividend Distribution Analysis
GAGIX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | None | Annual | Quarterly | Annual |
Net Income Ratio Analysis
GAGIX | Category Low | Category High | GAGIX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.20% | -2.01% | 13.72% | 31.88% |
Capital Gain Distribution Analysis
GAGIX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 27, 2023 | $0.580 | OrdinaryDividend |
Dec 28, 2022 | $1.035 | OrdinaryDividend |
Dec 29, 2020 | $0.197 | OrdinaryDividend |
Dec 27, 2018 | $0.403 | OrdinaryDividend |
Dec 27, 2017 | $0.205 | OrdinaryDividend |
Dec 28, 2016 | $0.314 | OrdinaryDividend |
Dec 29, 2015 | $0.034 | OrdinaryDividend |
Dec 23, 2013 | $0.127 | OrdinaryDividend |
Dec 27, 2012 | $0.022 | OrdinaryDividend |
Sep 26, 2012 | $0.031 | OrdinaryDividend |
Jun 27, 2012 | $0.073 | OrdinaryDividend |
Mar 28, 2012 | $0.110 | OrdinaryDividend |
Dec 28, 2011 | $0.218 | OrdinaryDividend |
Sep 28, 2011 | $0.157 | OrdinaryDividend |
Jun 28, 2011 | $0.168 | OrdinaryDividend |
Mar 29, 2011 | $0.108 | OrdinaryDividend |
Dec 29, 2010 | $0.224 | OrdinaryDividend |
Sep 28, 2010 | $0.075 | OrdinaryDividend |
Jun 28, 2010 | $0.139 | OrdinaryDividend |
Mar 29, 2010 | $0.098 | OrdinaryDividend |
Dec 29, 2009 | $0.077 | OrdinaryDividend |
Sep 28, 2009 | $0.191 | OrdinaryDividend |
Jun 26, 2009 | $0.234 | OrdinaryDividend |
Mar 27, 2009 | $0.184 | OrdinaryDividend |
Dec 29, 2008 | $0.150 | OrdinaryDividend |
Sep 26, 2008 | $0.150 | OrdinaryDividend |
Jun 26, 2008 | $0.150 | OrdinaryDividend |
Mar 27, 2008 | $0.150 | OrdinaryDividend |
GAGIX - 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 | 6.59 | 13.0 |