Gabelli ABC Fund (GABCX)

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Gabelli ABC Fund (GABCX) is up 3.7% since the beginning of the year. GABCX is currently trading at $11 per share. Investors who bought $1,000 worth of GABCX shares 5 years ago would now be looking at an investment worth $1,199.

Gabelli ABC Fund (GABCX) has returned 3.68% so far this year and 7.84% over the past 12 months. Over the last ten years, GABCX has returned 3.34% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since May 14, 1993, GABCX's average daily return is +0.02%, while the average monthly return is +0.39%. At this rate, an investment would double in approximately 14.8 years.

Historically, 72% of months were positive and 28% were negative. The best month was Oct 1998 with a return of +4.5%, while the worst month was Aug 1998 at -6.3%. The longest winning streak lasted 19 consecutive months, and the longest losing streak was 5 months.

On a daily basis, GABCX closed higher 41% of trading days. The best single day was Dec 30, 1997 with a return of +11.3%, while the worst single day was Dec 28, 1995 at -8.7%.

Gabelli ABC Fund has an annualized alpha of 3.37%, beta of 0.14, and R2 of 0.23 versus S&P 500 Index. Calculated based on daily prices since May 14, 1993.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (19.86%) than losses (8.65%) - typical of diversified or defensive assets.
• Beta of 0.14 may look defensive, but with R2 of 0.23 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.23 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

GABCX has an expense ratio of 0.79%, placing it in the medium range.

GABCX ranks 44 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.

Gabelli ABC Fund provided a 4.45% dividend yield over the last twelve months, with an annual payout of $0.50 per share.

The table displays the monthly dividend distributions for Gabelli ABC 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 ABC 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 ABC Fund was 10.80%, occurring on Mar 18, 2020. Recovery took 139 trading sessions.

The current Gabelli ABC Fund drawdown is 0.88%.

The chart below shows the rolling one-month volatility.