Gabelli Gold Fund Class A (GLDAX)
Fund Assets | 480.59M |
Expense Ratio | 1.55% |
Min. Investment | $1,000 |
Turnover | 16.00% |
Dividend (ttm) | 0.43 |
Dividend Yield | 1.26% |
Dividend Growth | 110.97% |
Payout Frequency | n/a |
Ex-Dividend Date | Dec 27, 2024 |
Previous Close | 32.13 |
YTD Return | 55.55% |
1-Year Return | 49.05% |
5-Year Return | 34.76% |
52-Week Low | 19.75 |
52-Week High | 33.20 |
Beta (5Y) | 0.55 |
Holdings | 57 |
Inception Date | Dec 23, 2002 |
About GLDAX
Gabelli Gold Fund Inc. Class A is a mutual fund focused on providing long-term capital appreciation by investing primarily in equity securities of companies engaged in gold-related activities, as well as gold bullion itself. The fund typically allocates at least 80% of its net assets to equities of both foreign and domestic issuers involved in gold exploration, mining, or production, making it a sector-specific option within the precious metals category. Managed by a team with decades of experience in gold mining equities, the fund targets firms with strong management, robust financials, and significant mine life at low operating costs, emphasizing high-quality holdings. Gabelli Gold Fund Inc. Class A serves investors seeking exposure to the gold sector, which has historically been viewed as a hedge against inflation and a tool for portfolio diversification due to its low correlation with broader equities and fixed income markets. Its portfolio is heavily weighted toward leading global mining companies, reflecting a concentrated approach within the basic materials sector. By focusing on gold mining equities, the fund plays a specialized role in the financial market, offering targeted access to gold’s investment dynamics through actively managed stock selection.
Performance
GLDAX had a total return of 49.05% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.60%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Symbol | Provider | Name | Expense Ratio |
---|---|---|---|
FGDAX | Fidelity | Fidelity Advisor Gold Fund - Class A | 0.97% |
FGDCX | Fidelity | Fidelity Advisor Gold Fund - Class C | 1.72% |
FGDIX | Fidelity | Fidelity Advisor Gold Fund - Class I | 0.72% |
FIJDX | Fidelity | Fidelity Advisor Gold Fund - Class Z | 0.60% |
FGDTX | Fidelity | Fidelity Advisor Gold Fund - Class M | 1.22% |
Top 10 Holdings
49.73% of assetsName | Symbol | Weight |
---|---|---|
Newmont Corporation | NEM | 7.71% |
Kinross Gold Corporation | KGC | 6.07% |
Agnico Eagle Mines Limited | AEM | 5.93% |
Wheaton Precious Metals Corp. | WPM | 5.51% |
Northern Star Resources Ltd | NST | 5.44% |
Alamos Gold Inc. | AGI | 4.81% |
Vanguard Extended Duration Treasury ETF | EDV | 4.05% |
Lundin Gold Inc | LUG | 3.51% |
Franco-Nevada Corporation | FNV | 3.47% |
Barrick Gold Corp | GOLD | 3.23% |
Dividend History
Ex-Dividend | Amount | Pay Date |
---|---|---|
Dec 27, 2024 | $0.4287 | Dec 27, 2024 |
Dec 27, 2023 | $0.2032 | Dec 27, 2023 |
Dec 29, 2020 | $0.357 | Dec 29, 2020 |
Dec 27, 2019 | $0.1317 | Dec 27, 2019 |
Dec 27, 2018 | $0.0391 | Dec 27, 2018 |
Dec 27, 2017 | $0.0802 | Dec 27, 2017 |