Gabelli Asset Fund (GABAX)
Considered the “flagship” of the family, the Gabelli Asset Fund (GABAX) has been a steady performer over time. The fund is up 24% YTD and has gained 9.8% annualized for the past 10 years, placing it in the top 2% of its large blend category, according to Morningstar.
Gabelli has been in charge of this mutual fund since it launched all the way back in 1986, but he currently has assistance from three other managers to handle GABAX’s $3.4 billion in assets.
About 81% of this fund is in U.S. stocks, with 18% in non-U.S. names. GABAX is most heavily weighted toward consumer stocks and industrials. Current top holdings include News Corp (NWSA), Deere & Co. (DE), Precision Castparts (PCP), Ametek (AME) and DirecTV (DTV).
GABAX charges 1.38% in expenses.