A press release entitled, "Fitch Assigns ‘AAAmmf’ Rating to the Gabelli U.S.Treasury Money Market Fund," tells us, "Gabelli Funds, LLC is pleased to announce that the Gabelli U.S. Treasury Money Market Fund (GABXX) has been assigned an 'AAAmmf' rating by Fitch Ratings.... Fitch views the Fund's low exposure to interest rate risk [and] holdings of liquid assets ... consistent with Fitch's high 'AAAmmf' rating criteria. Additionally, Fitch also views Gabelli Funds, LLC's investment advisory capabilities, financial and resource commitments, operational controls, corporate governance and compliance procedures as consistent with the 'AAAmmf' rating assigned to the Fund. The Gabelli U.S. Treasury Money Market Fund is among the most competitive money market funds in its class. The quality of U.S. Treasury securities coupled with maintaining one of the lowest expense ratios (.08%) in the industry and the exemption from state and local income taxes (SALT) of its dividends, translates into an effective after-tax yield competitive with any fund in the industry. 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. (GBL). 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."

Email This Article




Use a comma or a semicolon to separate

captcha image

Daily Link Archive

2024 2023 2022
March December December
February November November
January October October
September September
August August
July July
June June
May May
April April
March March
February February
January January
2021 2020 2019
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2018 2017 2016
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2015 2014 2013
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2012 2011 2010
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2009 2008 2007
December December December
November November November
October October October
September September September
August August August
July July July
June June June
May May May
April April April
March March March
February February February
January January January
2006
December
November
October
September