GCAEX Fees and Costs — The Gabelli Equity Income Fund, Class A
Data updated: 2026-08-31
The net expense ratio is 1.41%. This share class carries a maximum front-end sales load of 5.75% and a redemption fee of 2.00%. In fiscal 2025 the fund paid $24K in broker commissions, 0.0053% of average net assets, and portfolio turnover was 0%.
GCAEX Fees and Expenses
Annual operating expenses and sales charges of GCAEX. Prospectus, as of January 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | — |
| Other expenses | 0.16% |
| Gross expense ratio | 1.41% |
| Fee waiver | — |
| Net expense ratio | 1.41% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| 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 |
GCAEX Costs Over Time
On $10,000 invested in GCAEX, assuming 5% a year before costs, total costs come to $1,561 over 5 years, cutting the return by 2.70% 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 |
| Sales charges | $575 | $575 | $575 |
| Fund expenses (net expense ratio 1.41%) | $140 | $433 | $748 |
| Trading costs (broker commissions) | $1 | $2 | $3 |
| Lost growth on money paid in costs | $29 | $112 | $235 |
| Total costs | $744 | $1,122 | $1,561 |
| Value after costs | $9,756 | $10,454 | $11,201 |
| Impact on return, per year | 7.44% | 3.51% | 2.70% |
GCAEX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0053%
- Total broker commissions: $24K
- Bought from dealers (principal trades, not a cost): $62.0M
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
GCAEX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| THE WOODBRIDGE COMPANY LIMITED | $11K | 65.11% |
| PIPER SANDLER & CO. | $2K | 12.69% |
| THE BANK OF NEW YORK MELLON | $2K | 11.41% |
| BOFA SECURITIES, INC. | $482 | 2.98% |
| DAIWA CAPITAL MARKETS AMERICA INC. | $392 | 2.42% |
| RBC CAPITAL MARKETS, LLC | $217 | 1.34% |
| MORGAN STANLEY & CO. LLC | $200 | 1.24% |
| WELLS FARGO CLEARING SERVICES, LLC | $190 | 1.17% |
| ALLIANCEBERNSTEIN L.P. | $134 | 0.83% |
| UBS Securities LLC | $129 | 0.80% |
GCAEX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BMO Nesbitt Burns Securities Ltd. | $29.6M | 47.72% |
| BARCLAYS CAPITAL, INC. | $12.4M | 19.97% |
| Daiwa Capital Markets America, Inc. | $8.4M | 13.51% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $7.8M | 12.56% |
| GOLDMAN SACHS & CO. LLC | $3.9M | 6.23% |
The Gabelli Equity Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| GCIEX | Class I | 1.16% | none |
| GABEX | Class Aaa | 1.41% | none |
| GCAEX | Class A | 1.41% | 5.75% |
| GEICX | Class C | 2.16% | 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.