GOCAX Fees and Costs — Gabelli International Small Cap Fund, Class A
Data updated: 2026-08-31
The net expense ratio is 0.91%: a 1.00% management fee, a 0.25% 12b-1 fee plus 2.75% other expenses, less a 3.09% fee waiver. 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 $3K in broker commissions, 0.0449% of average net assets, and portfolio turnover was 4%.
GOCAX Fees and Expenses
Annual operating expenses and sales charges of GOCAX. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.25% |
| Other expenses | 2.75% |
| Gross expense ratio | 4.00% |
| Fee waiver | −3.09% |
| Net expense ratio | 0.91% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| Max deferred load | 0.00% |
| Redemption fee | 2.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
GOCAX Costs Over Time
On $10,000 invested in GOCAX, assuming 5% a year before costs, total costs come to $1,297 over 5 years, cutting the return by 2.23% 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 0.91%) | $90 | $281 | $488 |
| Trading costs (broker commissions) | $4 | $14 | $24 |
| Lost growth on money paid in costs | $29 | $105 | $211 |
| Total costs | $698 | $975 | $1,297 |
| Value after costs | $9,802 | $10,601 | $11,465 |
| Impact on return, per year | 6.98% | 3.04% | 2.23% |
GOCAX 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): 0.0449%
- Total broker commissions: $3K
- Bought from dealers (principal trades, not a cost): $1.6M
- Portfolio turnover (prospectus): 4%
- Securities lending: none during the year
GOCAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| ROTHSCHILD & CO | $719 | 26.83% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $570 | 21.27% |
| DAIWA CAPITAL MARKETS AMERICA INC. | $342 | 12.76% |
| DEUTSCHE BANK SECURITIES INC. | $331 | 12.35% |
| Peel Hunt LLP | $253 | 9.44% |
| DNB BANK ASA | $176 | 6.57% |
| PIPER SANDLER & CO. | $176 | 6.57% |
| BMO Nesbitt Burns Securities Ltd. | $113 | 4.22% |
GOCAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BARCLAYS CAPITAL, INC. | $491K | 30.06% |
| Daiwa Capital Markets America, Inc. | $473K | 28.97% |
| BMO Nesbitt Burns Securities Ltd. | $416K | 25.48% |
| GOLDMAN SACHS & CO. LLC | $253K | 15.49% |
Gabelli International Small Cap Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| GABOX | Class Aaa | 0.91% | none |
| GGLCX | Class C | 0.91% | none |
| GLOIX | Class I | 0.91% | none |
| GOCAX | Class A | 0.91% | 5.75% |
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.