Fund Evaluator:

Gabelli Global Growth AAA Overview

Gabelli Global Growth AAA (GICPX) is an actively managed International Equity Global Large-Stock Growth fund. Gabelli launched the fund in 1994.

The investment seeks appreciation of capital; current income is a secondary objective. The fund normally invests at least 65% of its total assets in common stocks of companies that the portfolio manager believes are likely to have rapid growth in revenues and earnings and potential for above average capital appreciation or are undervalued. It invests in securities of issuers, or related investments thereof, located in at least three countries, and at least 40% of the fund's total net assets is invested in securities of non-U.S. issuers or related investments thereof. It is non-diversified.

About Gabelli Global Growth AAA (GICPX)

There are 3 members of the management team with an average tenure of 15.92 years: Howard Ward (2005), John Belton (2024), Caesar Bryan (2000). Management tenure is more important for actively managed funds than passive index funds.

The fund has 2 primary benchmarks: MSCI ACWI NR USD index with a weighting of 100% and Lipper Gbl Large-Cap Growth Funds index with a weighting of 100%. Gabelli Global Growth AAA has 58 securities in its portfolio. The top 10 holdings constitute 41.3% 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 Growth AAA is part of the Equity global asset class and is within the International Equity fund group. Gabelli Global Growth AAA has 20.1% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 73.7%. There is 20.1% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.3% (0.3% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Gabelli Global Growth AAA has 5.9% of the portfolio in cash.

Assets Under Management

The fund has $109 million in total assets, which is below the $988 million average for the Global Large-Stock Growth 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.

GICPX 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 Growth AAA expense ratio is high compared to funds in the Global Large-Stock Growth category. Gabelli Global Growth AAA has an expense ratio of 0.90%, which is 19% lower than its category average, making the fund expense ratio grade a B. 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 Growth AAA has a portfolio turnover rate of 15%, indicating that holds its assets around 0.1 years. By way of comparison, the average portfolio turnover is 47% for the Global Large-Stock Growth category.

Recently, in the month of July 2026, Gabelli Global Growth AAA returned -0.3%, which earned it a grade of B, as the Global Large-Stock Growth category had an average return of -2.4%. 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 Global Growth AAA has a trailing yield of 0.86%, which is above the 0.27% 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 Growth AAA Grades

Year to date, the fund has returned 3.9%, 2.1 percentage points worse than the category, which translates into a grade of D. The fund has returned 7.7% over the past year (grade of D), 17.2% over the past three years (grade of B) and 6.6% per year over the past five years (grade of C) and 13.1% per year over the past 10 years (grade of B).

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