Gabelli Gold Fund Class A (GLDAX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD
31.66
-0.47 (-1.46%)
Jul 24, 2025, 9:30 AM EDT
-1.46%
Fund Assets480.59M
Expense Ratio1.55%
Min. Investment$1,000
Turnover16.00%
Dividend (ttm)0.43
Dividend Yield1.26%
Dividend Growth110.97%
Payout Frequencyn/a
Ex-Dividend DateDec 27, 2024
Previous Close32.13
YTD Return55.55%
1-Year Return49.05%
5-Year Return34.76%
52-Week Low19.75
52-Week High33.20
Beta (5Y)0.55
Holdings57
Inception DateDec 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.

Fund Family Gabelli
Category Equity Precious Metals
Stock Exchange NASDAQ
Ticker Symbol GLDAX
Share Class Class A
Index S&P 500 TR

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.

SymbolProviderNameExpense Ratio
FGDAXFidelityFidelity Advisor Gold Fund - Class A0.97%
FGDCXFidelityFidelity Advisor Gold Fund - Class C1.72%
FGDIXFidelityFidelity Advisor Gold Fund - Class I0.72%
FIJDXFidelityFidelity Advisor Gold Fund - Class Z0.60%
FGDTXFidelityFidelity Advisor Gold Fund - Class M1.22%

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

SymbolShare ClassExpense Ratio
GLDIXClass I1.30%
GOLDXClass Aaa1.55%
GLDCXClass C2.30%

Top 10 Holdings

49.73% of assets
NameSymbolWeight
Newmont CorporationNEM7.71%
Kinross Gold CorporationKGC6.07%
Agnico Eagle Mines LimitedAEM5.93%
Wheaton Precious Metals Corp.WPM5.51%
Northern Star Resources LtdNST5.44%
Alamos Gold Inc.AGI4.81%
Vanguard Extended Duration Treasury ETFEDV4.05%
Lundin Gold IncLUG3.51%
Franco-Nevada CorporationFNV3.47%
Barrick Gold CorpGOLD3.23%
View More Holdings

Dividend History

Ex-DividendAmountPay Date
Dec 27, 2024$0.4287Dec 27, 2024
Dec 27, 2023$0.2032Dec 27, 2023
Dec 29, 2020$0.357Dec 29, 2020
Dec 27, 2019$0.1317Dec 27, 2019
Dec 27, 2018$0.0391Dec 27, 2018
Dec 27, 2017$0.0802Dec 27, 2017
Full Dividend History