GOLDX Fees and Costs — Gabelli Gold Fund Inc, Class Aaa
Data updated: 2026-08-31
The net expense ratio is 1.44%: a 1.00% management fee, a 0.25% 12b-1 fee plus 0.19% other expenses. This share class carries a redemption fee of 2.00%. In fiscal 2025 the fund paid $463K in broker commissions, 0.0853% of average net assets, and portfolio turnover was 14%.
GOLDX Fees and Expenses
Annual operating expenses and sales charges of GOLDX. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.19% |
| Gross expense ratio | 1.44% |
| Fee waiver | — |
| Net expense ratio | 1.44% |
| 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 |
GOLDX Costs Over Time
On $10,000 invested in GOLDX, assuming 5% a year before costs, total costs come to $944 over 5 years, cutting the return by 1.60% 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 1.44%) | $151 | $469 | $809 |
| Trading costs (broker commissions) | $9 | $28 | $48 |
| Lost growth on money paid in costs | $0 | $25 | $87 |
| Total costs | $160 | $522 | $944 |
| Value after costs | $10,340 | $11,055 | $11,819 |
| Impact on return, per year | 1.60% | 1.60% | 1.60% |
GOLDX 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): 0.0853%
- Total broker commissions: $463K
- Bought from dealers (principal trades, not a cost): $162.6M
- Portfolio turnover (prospectus): 14%
- Securities lending: none during the year
GOLDX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Canaccord Genuity Group Inc. | $97K | 24.32% |
| PIPER SANDLER & CO. | $69K | 17.30% |
| CORMARK SECURITIES (USA) LIMITED | $58K | 14.63% |
| DESJARDINS SECURITIES INC | $48K | 12.14% |
| BMO Nesbitt Burns Securities Ltd. | $27K | 6.71% |
| SCOTIA CAPITAL (USA) INC. | $25K | 6.37% |
| ARGO INVESTMENT SECURITIES | $24K | 6.12% |
| PARADIGM CAPITAL U.S. INC. | $19K | 4.86% |
| Stifel, Nicolaus & Company, Incorporated | $15K | 3.84% |
| HAYWOOD SECURITIES (USA) INC. | $15K | 3.72% |
GOLDX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BMO Nesbitt Burns Securities Ltd. | $67.6M | 41.59% |
| BARCLAYS CAPITAL, INC. | $56.1M | 34.49% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $16.1M | 9.91% |
| Daiwa Capital Markets America, Inc. | $11.7M | 7.22% |
| GOLDMAN SACHS & CO. LLC | $6.1M | 3.75% |
| DESJARDINS SECURITIES INTERNATIONAL INC. | $1.6M | 0.99% |
| Canaccord Genuity Group Inc. | $1.3M | 0.79% |
| Cantor Fitzgerald & Co | $912K | 0.56% |
| ARGO INVESTMENT SECURITIES | $633K | 0.39% |
| NATIONAL BANK OF CANADA FINANCIAL INC. | $511K | 0.31% |
Gabelli Gold Fund Inc Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| GLDIX | Class I | 1.19% | none |
| GLDAX | Class A | 1.44% | 5.75% |
| GOLDX | Class Aaa | 1.44% | none |
| GLDCX | Class C | 2.19% | 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.