Fund Evaluator:

Gabelli Global Rising Income and Div A Overview

Gabelli Global Rising Income and Div A (GAGAX) is an actively managed Allocation Tactical Allocation fund. Gabelli launched the fund in 2001.

The investment seeks a high level of total return through a combination of current income and appreciation of capital. The advisor will attempt to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets in dividend paying securities (such as common and preferred stock) or other income producing securities (such as fixed-income securities and securities that are convertible into common stock). The advisor intends to invest in at least three countries, including the United States, and will invest at least 40% of its total assets in countries other than the United States. The fund is non-diversified.

About Gabelli Global Rising Income and Div A (GAGAX)

There are 3 members of the management team with an average tenure of 11.06 years: Macrae Sykes (2026), Mario Gabelli (1994), Robert Leininger (2026). Management tenure is more important for actively managed funds than passive index funds.

The fund has 1 primary benchmark: MSCI World NR USD index with a weighting of 100%. Gabelli Global Rising Income and Div A has 191 securities in its portfolio. The top 10 holdings constitute 22.5% of the fund’s assets. The fund meets the SEC requirement of being classified as a nondiversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

Gabelli Global Rising Income and Div A is part of the Allocation global asset class and is within the Allocation fund group. Gabelli Global Rising Income and Div A has 54.1% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 38.8%. There is 54.1% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.2% (0.2% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Gabelli Global Rising Income and Div A has 7.0% of the portfolio in cash.

Assets Under Management

The fund has $923 million in total assets, which is below the $222 million average for the Tactical Allocation category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

GAGAX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Gabelli Global Rising Income and Div A expense ratio is high compared to funds in the Tactical Allocation category. Gabelli Global Rising Income and Div A has an expense ratio of 0.90%, which is 49% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. Gabelli Global Rising Income and Div A has a portfolio turnover rate of 5%, indicating that holds its assets around 0.2 years. By way of comparison, the average portfolio turnover is 196% for the Tactical Allocation category.

Recently, in the month of July 2026, Gabelli Global Rising Income and Div A returned 3.5%, which earned it a grade of A, as the Tactical Allocation category had an average return of -0.9%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

Gabelli Global Rising Income and Div A has a trailing yield of 2.01%, which is below the 2.86% category average. The fund normally distributes its income annually and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

Gabelli Global Rising Income and Div A Grades

Year to date, the fund has returned 8.6%, 0.2 percentage points better than the category, which translates into a grade of B. The fund has returned 16.5% over the past year (grade of C), 10.6% over the past three years (grade of C) and 5.7% per year over the past five years (grade of B) and 7.4% per year over the past 10 years (grade of B).

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