- ISIN
- US36464T7110
- Issuer
- Gabelli
- Inception Date
- Sep 30, 2018
- Category
- Global Equities
- Min. Investment
- $1,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
GGMMX Performance Chart
Gabelli Global Mini MitesTM Fund (GGMMX) is up 17.7% since the beginning of the year. GGMMX is currently trading at $14 per share. Investors who bought $1,000 worth of GGMMX shares 5 years ago would now be looking at an investment worth $1,478.
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Returns By Period
Gabelli Global Mini MitesTM Fund (GGMMX) has returned 17.68% so far this year and 30.59% over the past 12 months.
Gabelli Global Mini MitesTM Fund
- 1D
- 1.27%
- 1M
- -1.53%
- 6M
- 12.68%
- YTD
- 17.68%
- 1Y
- 30.59%
- 3Y*
- 14.59%
- 5Y*
- 8.12%
- 10Y*
- —
- ALL TIME*
- 11.62%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
GGMMX Monthly Returns History
Based on dividend-adjusted daily data since May 20, 2019, GGMMX's average daily return is +0.05%, while the average monthly return is +1.13%. At this rate, an investment would double in approximately 5.1 years.
Historically, 61% of months were positive and 39% were negative. The best month was Nov 2020 with a return of +19.5%, while the worst month was Mar 2020 at -25.0%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 3 months.
On a daily basis, GGMMX closed higher 50% of trading days. The best single day was Aug 7, 2023 with a return of +6.7%, while the worst single day was Mar 12, 2020 at -10.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.44% | 4.42% | -6.47% | 9.22% | 5.55% | 3.63% | -3.43% | 17.68% | |||||
| 2025 | 2.35% | -3.53% | -4.84% | -2.79% | 5.14% | 3.85% | 1.09% | 4.74% | 2.99% | -2.99% | 1.71% | 3.04% | 10.57% |
| 2024 | -3.49% | 1.81% | 4.58% | -1.96% | -1.82% | -5.01% | 7.52% | -0.82% | 2.11% | 0.36% | 10.46% | -10.36% | 1.65% |
| 2023 | 10.92% | 1.87% | -4.68% | -2.45% | -2.19% | 14.54% | 3.91% | 5.17% | -4.83% | -6.85% | 8.37% | 12.59% | 39.12% |
| 2022 | -3.99% | 0.66% | 3.09% | -8.55% | -3.68% | -6.71% | 7.19% | 0.41% | -13.05% | 9.46% | 3.46% | -3.47% | -16.24% |
| 2021 | 5.15% | 7.84% | 1.57% | 4.31% | 8.42% | 0.22% | -4.67% | -1.51% | -2.98% | 1.65% | -4.57% | 3.41% | 19.30% |
Benchmark Metrics
Gabelli Global Mini MitesTM Fund has an annualized alpha of 2.07%, beta of 0.72, and R2 of 0.52 versus S&P 500 Index. Calculated based on daily prices since May 20, 2019.
- This fund participated in 95.50% of S&P 500 Index downside but only 87.39% of its upside - more exposed to losses than it benefited from rallies.
- This fund generated an annualized alpha of 2.07% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Alpha
- 2.07%
- Beta
- 0.72
- R²
- 0.52
- Upside Capture
- 87.39%
- Downside Capture
- 95.50%
Expense Ratio
GGMMX has an expense ratio of 0.90%, placing it in the medium range.
Return for Risk
Risk / Return Rank
GGMMX ranks 83 for risk / return — above 83% of mutual funds peers on PortfoliosLab. Its historical combined result is among the stronger results in the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Gabelli Global Mini MitesTM Fund (GGMMX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GGMMX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.60 | ||
| Sortino ratioReturn per unit of downside risk | +0.98 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.25 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.51 | 2.00 | +1.51 |
| Martin ratioReturn relative to average drawdown | 11.67 | 8.49 | +3.17 |
Dividends
Dividend History
Gabelli Global Mini MitesTM Fund provided a 5.75% dividend yield over the last twelve months, with an annual payout of $0.78 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.78 | $0.78 | $0.00 | $1.21 | $0.54 | $1.65 | $0.06 | $0.37 |
Dividend yield | 5.75% | 6.77% | 0.00% | 11.14% | 6.22% | 14.98% | 0.54% | 3.96% |
Monthly Dividends
The table displays the monthly dividend distributions for Gabelli Global Mini MitesTM Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.78 | $0.78 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.21 | $1.21 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.54 | $0.54 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.65 | $1.65 |
Drawdowns
Drawdowns Chart
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Gabelli Global Mini MitesTM 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 Global Mini MitesTM Fund was 40.23%, occurring on Mar 23, 2020. Recovery took 166 trading sessions.
The current Gabelli Global Mini MitesTM Fund drawdown is 3.43%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-40.23%Mar 2020 | 2mo 2d | 7mo 28d | 10moJan 2020 - Nov 2020 | COVID crash2020 |
-31.83%Sep 2022 | 1y 3mo | 1y 2mo | 2y 6moJun 2021 - Dec 2023 | Bear market2022 |
-23.46%Apr 2025 | 4mo 4d | 9mo 5d | 1y 1moDec 2024 - Jan 2026 | 2025 selloff2025 |
-10.86%Jul 2024 | 2mo 27d | 3mo 8d | 6mo 5dApr 2024 - Oct 2024 | — |
-8.11%Mar 2026 | 27d | 18d | 1mo 15dMar 2026 - Apr 2026 | — |
Drawdown Indicators
| GGMMX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.23% | -56.78% | +16.55% |
Max Drawdown (1Y)Largest decline over 1 year | -8.11% | -9.10% | +0.99% |
Max Drawdown (3Y)Largest decline over 3 years | -23.46% | -18.90% | -4.56% |
Max Drawdown (5Y)Largest decline over 5 years | -28.23% | -25.43% | -2.80% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -3.43% | -1.58% | -1.85% |
Average DrawdownAverage peak-to-trough decline | -9.66% | -10.70% | +1.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.44% | 2.14% | +0.30% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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