Gabelli U.S. Treasury Money Market Fund Named to Forbes Advisor Best of 2023

Rhea-AI Summary

The Gabelli U.S. Treasury Money Market Fund (NASDAQ: GABXX) has been recognized in Forbes Advisor’s Best of 2023 list. The Fund, managed by Gabelli Funds, LLC, is distinguished by its exclusive investment in U.S. Treasury securities, providing a competitive after-tax yield with total expenses capped at 0.08%. This fund's objective centers on generating high current income while preserving principal and ensuring liquidity. However, investors should note that investments in the Fund are not insured by any government agency, and while the Fund aims to maintain a value of $1.00 per share, there is potential for loss.

For further inquiries, Gabelli Funds provides support via their contact numbers.

Positive

• Named in Forbes Advisor's Best of 2023.
• Capped total expenses at 0.08%, enhancing after-tax yield.
• Exclusively invests in high-quality U.S. Treasury securities.

Negative

• Investments not insured by government agencies.
• Potential loss of investment despite aiming to preserve $1.00 per share.

Forbes Advisor’s Best of 2023

GREENWICH, Conn., April 11, 2023 (GLOBE NEWSWIRE) -- Gabelli Funds, LLC is pleased to announce that the Gabelli U.S. Treasury Money Market Fund (the “Fund”) (NASDAQ: GABXX) has been named to Forbes Advisor’s Best of 2023.

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.

For more information regarding the Fund, call:

	Judith A. Raneri	Ronald S. Eaker
	914-921-5417	914-921-5413

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.

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FAQ

What is Gabelli U.S. Treasury Money Market Fund's recognition in 2023?

The Fund was named in Forbes Advisor's Best of 2023.

What is the expense ratio for Gabelli U.S. Treasury Money Market Fund?

The total expenses for the Fund are capped at 0.08%.

What risks are associated with the Gabelli U.S. Treasury Money Market Fund?

Investors may lose money as the Fund's investments are not insured by any government agency.

What is the main objective of the Gabelli U.S. Treasury Money Market Fund?

The Fund aims to generate high current income while preserving principal and ensuring liquidity.

How can I contact Gabelli Funds for more information?

For inquiries, investors can call Gabelli Funds at 1-800-GABELLI (1-800-422-3554).