Morningstar Rating

Fund Research and Analysis

by Jonathan Rahbar
GAMCO Gold AAA stands a good chance at maintaining its luster.

This fund's portfolio manager, Caesar Bryan, brings plenty of experience to the table. He's managed the fund since 1994, making him one of the most seasoned managers in the precious-metals   Read more 

Kudos

Impressive long-term performance relative to other gold-focused funds.
Experienced management. Read more 

Risks

Expense ratio is still high, though it is lower than it used to be.
Relatively limited exposure to nongold precious-metals stocks increases volatility.
Precious-metals funds, by definition, are extremely volatile. Read more 

Strategy

Manager Caesar Bryan focuses on larger, more-established gold producers, with smaller, more-speculative names limited to about 10% of the portfolio. He looks for undervalued stocks with good management   Read more 

Management

Caesar Bryan has run this fund since its 1994 inception. Prior to joining Gabelli Asset Management, he managed Lexington Gold and Lexington Strategic Investments. He also has overseen GAMCO International Growth GIGRX since its 1995 inception, amassing   Read more 

Inside Scoop

This fund's manager concentrates on larger, more-established gold producers. Holdings in more-speculative exploration names make up 10% or less of assets.  Read more 

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