GVCIX Fees and Costs — The Gabelli Value 25 Fund Inc., Class I
Data updated: 2026-08-31
The net expense ratio is 1.00%: a 1.00% management fee plus 0.22% other expenses, less a 0.22% fee waiver. This share class carries a redemption fee of 2.00%. In fiscal 2025 the fund paid $47K in broker commissions, 0.0211% of average net assets, and portfolio turnover was 12%.
GVCIX Fees and Expenses
Annual operating expenses and sales charges of GVCIX. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.22% |
| Gross expense ratio | 1.22% |
| Fee waiver | −0.22% |
| Net expense ratio | 1.00% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| 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 |
GVCIX Costs Over Time
On $10,000 invested in GVCIX, assuming 5% a year before costs, total costs come to $638 over 5 years, cutting the return by 1.07% 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 1.00%) | $105 | $328 | $568 |
| Trading costs (broker commissions) | $2 | $7 | $12 |
| Lost growth on money paid in costs | $0 | $17 | $59 |
| Total costs | $107 | $351 | $638 |
| Value after costs | $10,393 | $11,225 | $12,124 |
| Impact on return, per year | 1.07% | 1.07% | 1.07% |
GVCIX 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): 0.0211%
- Total broker commissions: $47K
- Bought from dealers (principal trades, not a cost): $75.0M
- Portfolio turnover (prospectus): 12%
- Securities lending: none during the year
GVCIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| THE WOODBRIDGE COMPANY LIMITED | $6K | 21.66% |
| PIPER SANDLER & CO. | $6K | 20.78% |
| MORGAN STANLEY & CO. LLC | $3K | 12.52% |
| ALLIANCEBERNSTEIN L.P. | $3K | 12.24% |
| GOLDMAN SACHS & CO. LLC | $2K | 7.31% |
| UBS Securities LLC | $2K | 6.00% |
| TD SECURITIES (USA) LLC | $1K | 5.42% |
| J.P. Morgan Securities LLC | $1K | 5.16% |
| EVERCORE GROUP L.L.C. | $1K | 4.55% |
| BARCLAYS CAPITAL, INC. | $1K | 4.37% |
GVCIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BMO Nesbitt Burns Securities Ltd. | $34.3M | 45.68% |
| BARCLAYS CAPITAL, INC. | $20.0M | 26.62% |
| GOLDMAN SACHS & CO. LLC | $7.8M | 10.37% |
| Daiwa Capital Markets America, Inc. | $7.4M | 9.84% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $5.6M | 7.49% |
The Gabelli Value 25 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 |
|---|---|---|---|
| GVCIX | Class I | 1.00% | none |
| GABVX | Class A | 1.47% | 5.75% |
| GVCAX | Class Aaa | 1.47% | none |
| GVCCX | Class C | 2.22% | 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.