Gabelli Gold Fund Class I
GLDIX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- One Corporate Center Rye NY United States of America 10580-1434
- IPO Date
- Jan 11, 2008
- CIK
- 0000923459
- Website
- gabelli.com
- Similar Companies
- Business
- Gabelli Gold Fund Class I (GLDIX) is an open-end mutual fund that seeks long-term capital appreciation by providing investors exposure to gold through equity investments in gold mining companies worldwide; it focuses on high-quality global firms featuring strong management teams, solid financials, and long-life, low-cost mines. The fund invests primarily in common stocks, preferred stocks, and convertible securities of companies engaged in gold mining, processing, fabrication, exploration, and related activities, including streaming and royalty companies like Wheaton Precious Metals Corp.; top holdings as of the latest reporting include Newmont Corp. (8.27%), Kinross Gold Corp. (6.74%), Northern Star Resources Ltd. (6.31%), Agnico Eagle Mines Ltd. (5.67%), and Endeavour Mining Plc (4.36%). Class I shares, with a net expense ratio of 1.19% and no maximum sales charge, target institutional investors with a minimum initial investment of $50,000; the fund imposes a 2% redemption fee on shares sold within seven days. The Gabelli Gold Fund, including GLDIX, was originally launched on July 11, 1994, with Class I shares introduced on January 11, 2008; it is managed by Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc., and headquartered at One Corporate Center in Rye, New York. Gabelli Funds, founded in 1977, operates globally with a team of over 30 sector-focused analysts supporting its growth and value strategies; the Gold Fund is actively managed by Caesar Bryan and Chris Mancini, CFA, leveraging more than 45 years of collective experience in gold mining investments. Recent developments include Gabelli Funds' announcement on May 1, 2025, of a strategic partnership with Keeley's Asset and Wealth Management Services, enhancing alignment and service offerings for clients while pursuing further RIA integrations and acquisitions. On December 17, 2025, Gabelli Funds expanded its product lineup by converting all actively managed ETFs to fully transparent status, now offering seven such ETFs (GGRW, GGTL, GABF, GCAD, GBHI, KDVD, LOPP), providing advisors additional access to its fundamental research across equity and income strategies. These initiatives reflect Gabelli's ongoing commitment to innovation, transparency, and growth in precious metals and related asset management segments.