GABAX Performance — The Gabelli Asset Fund, Class Aaa
Data updated: 2026-08-31
GABAX returned +10.52% year to date and +20.55% over one year to Jun 2026. Annualised returns are +12.81% over 3 years and +7.38% over 5 years. The fund beat its US Multi-Cap Value category average: $100 invested three years ago grew to $144, against $142 for the category, and to $121 over one year, against $112. Volatility over the past three years was 12.82% a year. In the 12 months to Jun 2026 the fund lost a net $12.2M, and assets reached $1.67B.
GABAX Growth of $100
What $100 invested in The Gabelli Asset Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Multi-Cap Value category average over the same months.
| Period | GABAX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $121 | $112 |
| 3 years (Jul 2023 – Jun 2026) | $144 | $142 |
| 5 years (Jul 2021 – Jun 2026) | $143 | $143 |
| Since data start (Jul 2019 – Jun 2026) | $193 | $188 |
GABAX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +10.52% |
| 1 year | +20.55% |
| 3 years (annualised) | +12.81% |
| 5 years (annualised) | +7.38% |
GABAX Annual Returns
Calendar-year total returns of The Gabelli Asset Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +10.52% |
| 2025 | +16.72% |
| 2024 | +8.14% |
| 2023 | +10.28% |
| 2022 | −10.62% |
| 2021 | +18.94% |
| 2020 | +11.21% |
| 2019 (Jul–Dec) | +6.06% |
GABAX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +4.7% | +4.6% | −7.6% | +5.9% | −0.4% | +3.5% | — | — | — | — | — | — |
| 2025 | +4.3% | +0.2% | −3.1% | −0.8% | +4.0% | +2.4% | +0.8% | +3.4% | +1.5% | −0.2% | +2.4% | +0.9% |
| 2024 | +0.1% | +2.6% | +3.9% | −4.4% | +1.7% | −1.7% | +5.2% | +1.8% | +1.3% | −2.0% | +6.2% | −6.1% |
| 2023 | +6.5% | −2.4% | +0.4% | +0.6% | −5.2% | +7.6% | +2.3% | −2.4% | −5.4% | −4.1% | +6.8% | +6.3% |
| 2022 | −3.9% | −2.0% | +2.6% | −6.6% | +1.0% | −8.7% | +7.4% | −3.5% | −8.3% | +9.8% | +7.3% | −4.1% |
| 2021 | −1.4% | +5.1% | +4.1% | +4.5% | +3.0% | −1.5% | +1.1% | +1.0% | −4.3% | +3.7% | −3.1% | +5.7% |
| 2020 | −2.1% | −8.6% | −15.8% | +11.2% | +5.1% | +0.5% | +5.3% | +5.0% | −2.0% | −2.5% | +13.9% | +4.5% |
| 2019 | — | — | — | — | — | — | −0.1% | −2.9% | +2.1% | +1.4% | +3.1% | +2.5% |
GABAX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 12.82%
- 3-year Sharpe ratio: 0.65 (vs 4.5% risk-free rate)
- Best month: +6.76% (Nov 2023)
- Worst month: −7.56% (Mar 2026)
GABAX Fund Flows
Monthly money in and out of The Gabelli Asset Fund, from SEC Form N-PORT.
- 12-month net flow: −$12.2M
- 12-month gross sales (incl. reinvestments): $201.6M
- Sales ÷ redemptions: 0.94×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $18.4M | $28.1M | −$9.7M |
| May 2026 | $601K | $17.2M | −$16.6M |
| Apr 2026 | $1.7M | $14.0M | −$12.4M |
| Mar 2026 | $1.2M | $11.6M | −$10.3M |
| Feb 2026 | $3.4M | $13.6M | −$10.2M |
| Jan 2026 | $1.0M | $17.6M | −$16.6M |
| Dec 2025 | $169.3M | $30.9M | $138.4M |
| Nov 2025 | $1.6M | $15.4M | −$13.8M |
| Oct 2025 | $1.6M | $20.0M | −$18.4M |
| Sep 2025 | $805K | $15.2M | −$14.4M |
| Aug 2025 | $720K | $14.2M | −$13.5M |
| Jul 2025 | $1.2M | $16.1M | −$14.8M |
GABAX Assets Under Management
Net assets of The Gabelli Asset Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $1.67B |
| 2026-03-31 | $1.57B |
| 2025-12-31 | $1.58B |
| 2025-09-30 | $1.61B |
| 2025-06-30 | $1.56B |
| 2025-03-31 | $1.54B |
| 2024-12-31 | $1.56B |
| 2024-09-30 | $1.68B |
| 2024-06-28 | $1.62B |
| 2024-03-28 | $1.74B |
| 2023-12-29 | $1.70B |
| 2023-09-29 | $1.64B |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.