Gabelli Gold A (GLDAX)
| Fund Assets | 470.43M |
| Expense Ratio | 1.55% |
| Min. Investment | $1,000 |
| Turnover | 16.00% |
| Dividend (ttm) | 0.43 |
| Dividend Yield | 1.12% |
| Dividend Growth | 110.97% |
| Payout Frequency | n/a |
| Ex-Dividend Date | Dec 27, 2024 |
| Previous Close | 36.20 |
| YTD Return | 79.16% |
| 1-Year Return | 61.20% |
| 5-Year Return | 56.01% |
| 52-Week Low | 20.10 |
| 52-Week High | 36.20 |
| Beta (5Y) | 0.50 |
| 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 61.20% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.24%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Top 10 Holdings
49.73% of assets| Name | 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 |