Gabelli Asset Fund (GABAX)

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The chart shows the growth of an initial investment of $10,000 in Gabelli Asset Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Gabelli Asset Fund (GABAX) has returned -1.23% so far this year and 13.79% over the past 12 months. Over the last ten years, GABAX has returned 9.09% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Feb 28, 1986, GABAX's average daily return is +0.04%, while the average monthly return is +0.93%. At this rate, your investment would double in approximately 6.2 years.

Historically, 65% of months were positive and 35% were negative. The best month was Nov 2020 with a return of +13.9%, while the worst month was Oct 2008 at -19.4%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 5 months.

On a daily basis, GABAX closed higher 53% of trading days. The best single day was Oct 13, 2008 with a return of +11.2%, while the worst single day was Oct 22, 1987 at -11.9%.

Gabelli Asset Fund has an annualized alpha of 3.76%, beta of 0.75, and R² of 0.79 versus S&P 500 Index. Calculated based on daily prices since March 03, 1986.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (91.84%) than losses (82.91%) — typical of diversified or defensive assets.
• This fund generated an annualized alpha of 3.76% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.

GABAX has a high expense ratio of 1.33%, indicating above-average management fees.

GABAX ranks 43 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.

The table below present risk-adjusted performance metrics for Gabelli Asset Fund (GABAX) and compare them to a chosen benchmark (S&P 500 Index).

Gabelli Asset Fund provided a 12.44% dividend yield over the last twelve months, with an annual payout of $5.82 per share.

The table displays the monthly dividend distributions for Gabelli Asset Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Gabelli Asset Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Gabelli Asset Fund was 55.44%, occurring on Mar 9, 2009. Recovery took 484 trading sessions.

The current Gabelli Asset Fund drawdown is 10.04%.

The chart below shows the rolling one-month volatility.