GABIX Fees and Costs — The Gabelli Asset Fund, Class I
Data updated: 2026-08-31
The net expense ratio is 1.10%: a 1.00% management fee plus 0.10% other expenses. This share class carries a redemption fee of 2.00%. In fiscal 2025 the fund paid $191K in broker commissions, 0.0122% of average net assets, and portfolio turnover was 3%.
GABIX Fees and Expenses
Annual operating expenses and sales charges of GABIX. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.10% |
| Gross expense ratio | 1.10% |
| Fee waiver | — |
| Net expense ratio | 1.10% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 2.00% |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
GABIX Costs Over Time
On $10,000 invested in GABIX, assuming 5% a year before costs, total costs come to $694 over 5 years, cutting the return by 1.17% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 1.10%) | $116 | $360 | $623 |
| Trading costs (broker commissions) | $1 | $4 | $7 |
| Lost growth on money paid in costs | $0 | $18 | $64 |
| Total costs | $117 | $382 | $694 |
| Value after costs | $10,383 | $11,194 | $12,069 |
| Impact on return, per year | 1.17% | 1.17% | 1.17% |
GABIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0122%
- Total broker commissions: $191K
- Bought from dealers (principal trades, not a cost): $236.9M
- Portfolio turnover (prospectus): 3%
- Securities lending: none during the year
GABIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| THE WOODBRIDGE COMPANY LIMITED | $36K | 26.02% |
| PIPER SANDLER & CO. | $32K | 22.82% |
| J.P. Morgan Securities LLC | $15K | 10.87% |
| TD SECURITIES (USA) LLC | $13K | 9.65% |
| ALLIANCEBERNSTEIN L.P. | $13K | 9.46% |
| BARCLAYS CAPITAL, INC. | $10K | 7.14% |
| MORGAN STANLEY & CO. LLC | $7K | 5.19% |
| DAIWA CAPITAL MARKETS AMERICA INC. | $5K | 3.31% |
| RBC CAPITAL MARKETS, LLC | $4K | 2.81% |
| STIFEL FINANCIAL CORP. | $4K | 2.73% |
GABIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BMO Nesbitt Burns Securities Ltd. | $104.3M | 44.44% |
| BARCLAYS CAPITAL, INC. | $79.1M | 33.69% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $26.1M | 11.13% |
| GOLDMAN SACHS & CO. LLC | $13.6M | 5.78% |
| Daiwa Capital Markets America, Inc. | $7.8M | 3.32% |
| Mirae Asset Securities (USA) Inc. | $2.0M | 0.85% |
| WELLS FARGO SECURITIES, LLC | $851K | 0.36% |
| THE BANK OF NEW YORK MELLON | $500K | 0.21% |
| J.P. Morgan Securities LLC | $483K | 0.21% |
| STATE STREET GLOBAL MARKETS, LLC | $520 | 0.00% |
The Gabelli Asset Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| GABIX | Class I | 1.10% | none |
| GABAX | Class Aaa | 1.35% | none |
| GATAX | Class A | 1.35% | 5.75% |
| GATCX | Class C | 2.10% | none |
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.