Fund Evaluator:
Gabelli Asset A (GATAX)
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Best Performing in Large Blend Over the Last Year
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Fund Details
Gabelli Asset A Overview
Gabelli Asset A (GATAX) is an actively managed U.S. Equity Large Blend fund. Gabelli launched the fund in 2003.
The investment seeks growth of capital; its secondary goal is to provide current income. The fund will primarily invest in common stocks and preferred stocks. In making stock selections, the fund strives to earn a 10% real rate of return. It focuses on companies that appear underpriced relative to their private market value ("PMV"). The fund normally invests at least 80% of its assets in stocks that are listed on a recognized securities exchange or similar market. It may invest up to 25% of its total assets in securities of non-U.S. issuers.
About Gabelli Asset A (GATAX)
There are 18 members of the management team with an average tenure of 6.05 years: Christopher Marangi (2010), Kevin Dreyer (2009), Sergey Dluzhevskiy (2025), Sarah Donnelly (2020), Brian Sponheimer (2019), Macrae Sykes (2025), Justin Bergner (2025), Howard Ward (2025), Ashish Sinha (2023), Hendi Susanto (2024), Melody Bryant (2020), Gustavo Pifano (2025), Tony Bancroft (2025), Simon Wong (2024), John Belton (2025), Alec Boccanfuso (2024), Mario Gabelli (1986), Ian Lapey (2025). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: S&P 500 (TR) (1970) index with a weighting of 100%. Gabelli Asset A has 610 securities in its portfolio. The top 10 holdings constitute 22.7% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Gabelli Asset A is part of the Equity global asset class and is within the U.S. Equity fund group. Gabelli Asset A has 17.3% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 80.7%. There is 17.3% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Gabelli Asset A has 2.0% of the portfolio in cash.
Assets Under Management
The fund has $30 million in total assets, which is below the $6 billion average for the Large Blend 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.
GATAX 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 Asset A expense ratio is high compared to funds in the Large Blend category. Gabelli Asset A has an expense ratio of 1.35%, which is 66% higher than its category average, making the fund expense ratio grade a F. 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 Asset 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 48% for the Large Blend category.
Recently, in the month of July 2026, Gabelli Asset A returned -0.6%, which earned it a grade of D, as the Large Blend category had an average return of 0.4%. 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 Asset A has a trailing yield of 0.36%, which is below the 0.56% 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 Asset A Grades
Year to date, the fund has returned 9.9%, 0.6 percentage points better than the category, which translates into a grade of C. The fund has returned 18.9% over the past year (grade of C), 11.7% over the past three years (grade of F) and 7.0% per year over the past five years (grade of F) and 9.6% per year over the past 10 years (grade of F).
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GATAX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| GATAX Return (NAV) | -0.6% | 2.4% | 18.9% | 11.7% | 7.0% | 9.6% |
| GATAX Grade | D | F | C | F | F | F |
| +/- Category | -1.0% | -1.6% | 1.4% | -5.6% | -4.1% | -4.1% |
| Large Blend Avg | 0.4% | 4.1% | 17.5% | 17.3% | 11.1% | 13.7% |
| GATAX Tax Cost Ratio | na | na | 2.7% | 2.6% | 2.4% | 2.4% |
GATAX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| GATAX Return (NAV) | 9.9% | 16.7% | 8.1% | 10.3% | -10.6% | 18.9% | 11.2% | 22.4% | -7.7% | 20.2% | 11.6% |
| GATAX Grade | C | C | F | F | A | F | F | F | D | D | B |
| +/- Category | 0.6% | 0.9% | -13.9% | -13.4% | 6.6% | -7.6% | -6.3% | -7.4% | -1.8% | -1.1% | 1.4% |
| Large Blend Avg | 9.3% | 15.8% | 22.1% | 23.7% | -17.3% | 26.5% | 17.5% | 29.8% | -5.9% | 21.3% | 10.2% |
| Risk Measures | |
| Standard Deviation: | 12.8% |
| Total Risk Index: | 1.05 - Above Average |
| Category Risk Index: | 0.97 - Below Average |
| Category Risk Grade: | B (28% Rank) |
| Beta: | 0.74 |
| R-Squared: | 56% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Mid-Cap Blend |
| Bond Investment Style: | na Limited Sensitivity |
| Yield: | 0.4% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $1653 Mil |
| Fund Total Assets: | $ 30 Mil |
| Share Class Type: | A |
| Portfolio Turnover: | 5% |
Management Team
| Number of Managers: 18 | |||
| Longest Tenure: 40.4 years | |||
| Average Tenure: 6.1 years | |||
| Managers (Year): Gabelli Mario (1986), Dreyer Kevin (2009), Marangi Christopher (2010), Sponheimer Brian (2019), Donnelly Sarah (2020), Bryant Melody (2020), Sinha Ashish (2023), Susanto Hendi (2024), Wong Simon (2024), Boccanfuso Alec (2024), Belton John (2025), Lapey Ian (2025), Pifano Gustavo (2025), Bancroft Tony (2025), Dluzhevskiy Sergey (2025), Sykes Macrae (2025), Bergner Justin (2025), Ward Howard (2025) | |||
Portfolio Composition (as of 3/31/26)
| # of Holdings: | 610 |
| % in Top 10 Holdings: | 22.7% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 17.3% |
Portfolio Allocation |
|
| Domestic Stock: | 80.7% |
| Foreign Stock: | 17.3% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 2.0% |
Purchase Information
| Fund Family: | Gabelli |
| Phone Number: | 800-422-3554 |
| Website: | www.gabelli.com |
| Status: | Open |
| Inception Date: | December 31, 2003 |
| Min. Initial Purchase: | $1,000 |
| Min. Initial IRA Purchase: | $ 250 |
| True No-Load: | No |
| Front Load Maximum: | 5.75% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 2.00% |
| 12b-1 Fee: | 0.25% |
Expenses and Fees | |
| Expense Ratio (%): | 1.35% ( Rating : High ) |
| Category Average Expense Ratio (%): | 0.81% |
| Share Class: | Gabelli Asset AAA |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
