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Gabelli U.S. Treasury Money Market Fund Exceeds $3 Billion in AUM
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
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Rhea-AI Summary
Gabelli Funds, LLC has announced that the Gabelli U.S. Treasury Money Market Fund (NASDAQ: GABXX) has surpassed $3 billion in assets under management. This milestone highlights the Fund's position as a low-cost money market option that offers tax-advantaged returns to its shareholders. The Fund, which exclusively invests in U.S. Treasury securities, maintains total expenses capped at 0.08%, providing a competitive after-tax yield due to its exemption from state and local taxes. Investors should be aware that while the Fund aims to preserve principal at $1.00 per share, there are risks of loss, and it is not insured by any government agency.
Positive
Fund exceeds $3 billion in assets under management.
Total expenses capped at 0.08%, maintaining a low-cost structure.
Exemption from state and local income taxes enhances after-tax yield.
Negative
Investment not insured or guaranteed by the Federal Deposit Insurance Corporation or any government agency.
Possibility of losing money despite efforts to maintain value at $1.00 per share.
No legal obligation for the sponsor to provide financial support to the Fund.
GREENWICH, Conn.--(BUSINESS WIRE)--
Gabelli Funds, LLC is pleased to announce that the Gabelli U.S. Treasury Money Market Fund (the “Fund”) (NASDAQ: GABXX) exceeded $3 billion in assets under management today. Achieving this milestone reinforces the Fund’s reputation as a low cost money market fund as it continues to grow while providing shareholders with tax advantaged returns.
The Gabelli U.S. Treasury Money Market Fund is among the most attractive money market funds in its class. The quality of U.S.Treasury securities coupled with total expenses capped at 0.08% and the exemption from state and local income taxes of its dividends, translates into a very competitive after-tax yield.
The Gabelli U.S. Treasury Money Market Fund is a money market mutual fund managed by Gabelli Funds, LLC, a wholly owned subsidiary of GAMCO Investors, Inc. (OTCQX: GAMI). The Fund invests exclusively in U.S.Treasury securities and its primary objective is high current income consistent with the preservation of principal and liquidity.
An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the Fund. There is no guarantee that the Fund can achieve its investment objective. The Fund’s sponsor has no legal obligation to provide financial support to the Fund, and you should not expect that the sponsor will provide financial support to the Fund at any time. Investors should consider the investment objectives, risks, charges and expenses of the fund carefully before investing. The prospectus contains more complete information about this and other matters and should be read carefully before investing. You can obtain a prospectus by calling Gabelli Funds, LLC at 1-800-GABELLI (1-800-422-3554).
Distributed by G.distributors, LLC, a registered broker dealer and member of FINRA.
What is the current asset size of Gabelli U.S. Treasury Money Market Fund (GABXX)?
The Gabelli U.S. Treasury Money Market Fund (GABXX) has exceeded $3 billion in assets under management.
What are the expenses associated with Gabelli U.S. Treasury Money Market Fund (GABXX)?
The total expenses for the Gabelli U.S. Treasury Money Market Fund are capped at 0.08%.
Is Gabelli U.S. Treasury Money Market Fund (GABXX) insured?
No, investments in the Gabelli U.S. Treasury Money Market Fund are not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
What is the primary investment objective of Gabelli U.S. Treasury Money Market Fund (GABXX)?
The primary investment objective of the Gabelli U.S. Treasury Money Market Fund is to achieve high current income while preserving principal and liquidity.
What risks are associated with investing in Gabelli U.S. Treasury Money Market Fund (GABXX)?
Investors may lose money as the Fund seeks to preserve value at $1.00 per share, but there are no guarantees it will meet this objective.
