Seeks to Invest in Strategic Gold Mining Companies
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The Gabelli Gold Fund provides investors with exposure to gold through gold mining equities. The Fund seeks to achieve its objective by investing in high-quality global companies with strong management teams and solid financials that have long-life, low-cost mines.
The investment objective of the Fund is to provide investors exposure to gold through the ownership of gold mining equities and with a focus on long term capital appreciation.
Sector Experts: The fund is actively managed by a team with over 45 years of experience investing in gold mining companies, allowing for a thorough understanding of patterns and cycles.
Inflation Protection: Gold has long been viewed as a safe-haven asset during times of economic uncertainty or inflation. As inflation rises, the price of gold typically increases, and gold mining stocks tend to benefit from higher gold prices, offering a potential hedge against inflationary pressures.
Portfolio Diversification: Having historically displayed low correlation with equities and fixed income, exposure to gold mining stocks may deliver added diversification to a portfolio comprised of traditional asset classes.
Chris Mancini is an analyst in the industrials and materials sector with a focus on metals and mining. He joined the firm in 2008. Previously he was a research analyst at Heyman Investments, R6 Capital Management and Satellite Asset Management. An industry expert, Chris has frequently been quoted in the Wall Street Journal, Reuters… More
Caesar Bryan manages our GAMCO International Growth Fund and Gabelli Gold Fund. He is also a member of the global investment team which is responsible for the GAMCO Global Growth Fund and the GAMCO Global Opportunity Fund. In addition, he is on the management team of the GAMCO Global Gold and Natural Resources & Income… More
Supported by a centralized team of 30+ sector-focused analysts supporting Growth and Value portfolios
A graphical measurement of a portfolio’s net return that simulates the performance of an initial investment of $10,000 over the given time period.
| Symbol | Company | Sector | Portfolio |
|---|---|---|---|
| NEM | NEWMONT CORP | Materials | 33,204,473.44 |
| KGC | KINROSS GOLD CORP | Materials | 26,165,750.00 |
| AEM | AGNICO EAGLE MINES LTD | Materials | 25,553,508.70 |
| WPM | WHEATON PRECIOUS METALS CORP | Materials | 23,754,780.00 |
| NST | NORTHERN STAR RESOURCES LTD | 23,456,861.70 | |
| AGI | ALAMOS GOLD INC | Materials | 20,713,917.17 |
| EDV | ENDEAVOUR MINING PLC | 17,468,661.13 | |
| LUG | LUNDIN GOLD INC | 15,110,857.86 | |
| FNV | FRANCO-NEVADA CORP | Materials | 14,972,805.67 |
| GOLD | BARRICK GOLD CORP | Materials | 13,904,946.00 |
Gross Expense Ratio
1.19%
Net Expense Ratio
1.19%
Maximum Sales Charge
N/A
The Fund’s share price will fluctuate with changes in the market value of the Fund’s portfolio securities. Stocks are subject to market, economic and business risks that cause their prices to fluctuate. When you sell Fund shares, they may be worth less than what you paid for them. Consequently, you can lose money by investing in the Fund.
Investors should carefully consider the investment objectives, risks, charges, and expenses of the Fund before investing. The prospectus, which contains more complete information about these and other matters, should be read carefully before investing. To obtain a prospectus, please call 800-GABELLI or visit www.gabelli.com.
Returns represent past performance and do not guarantee future results. Due to market volatility, current performance may be lower or higher than the performance data quoted. Investment return and principal value will fluctuate so, upon redemption, shares may be worth more or less than their original cost. To obtain the most recent month end performance information and a prospectus, please call 800-GABELLI or visit www.gabelli.com.
The inception date of the Fund was July 11, 1994. The Class AAA Shares’ net asset values are used to calculate performance for the periods prior to the issuance of Class A Shares and Class C Shares on December 23, 2002 and Class I Shares on January 11, 2008. The actual performance for Class A and Class C Shares would have been lower and Class I Shares higher due to the different expenses associated with those classes of shares. Performance for periods less than one year is not annualized. Class A Shares (load adjusted) includes the effect of the maximum 5.75% sales charge at the beginning of the period. Class C Shares (load adjusted) includes the effect of the applicable 1% contingent deferred sales charge for shares redeemed up to and including the last day of the twelfth month after purchase. The Fund imposes a 2% redemption fee on shares sold or exchanged in seven days or less after the date of purchase. The Lipper Precious Metals Average, which represents an unmanaged average composed of gold-related mutual funds, as tracked by Lipper Inc., is adjusted for reinvestment of dividends and capital gains distribution.
Investments related to gold and other precious metals and minerals are considered speculative and are affected by a variety of worldwide economic, financial, and political factors. Investing in foreign securities involves risks not ordinarily associated with investment in domestic issues. Funds concentrating in specific sectors may experience greater fluctuations in value than funds that are more diversified. Not FDIC Insured. Not Bank Guaranteed. May Lose Value.
The Gabelli Mutual Funds are distributed by G.Distributors, LLC., a registered broker-dealer and member of FINRA.
