In an investment landscape where certainty can be hard to come by, the Gabelli U.S. Treasury Money Market Fund (NASDAQ: GABXX) has once again distinguished itself as a standout choice for investors seeking both safety and performance. Recently, the fund received two significant accolades from iMoneyNet™, a leading provider of money market fund data and analysis. As of March 31, 2025, the fund was ranked number one in the 100% U.S. Treasury Retail category, and as of April 30, 2025, it posted the highest 12-month total return among 95 funds in the Government Retail category.
For investors, these rankings are more than just bragging rights. They signal a consistent, disciplined approach to managing money that has paid off over time. With $5.6 billion in assets under management, the Gabelli U.S. Treasury Money Market Fund has become a go-to option for those who prioritize liquidity, security, and attractive after-tax returns. The fund’s singular focus on U.S. Treasury securities, backed by the full faith and credit of the U.S. government, provides a level of safety that is hard to match in today’s market environment.
The fund’s success is not a recent development. Since its inception in 1992, it has been a fixture at the top of its category. Co-Portfolio Managers Judith Raneri and Ronald Eaker have led the fund for over 32 years, guiding it through multiple market cycles and periods of volatility. “For more than three decades, investors have relied on the Gabelli U.S. Treasury Money Market Fund for safety, liquidity, and competitive yield, especially during uncertain times,” said Raneri. “Our consistent performance reflects a disciplined investment strategy and a strong commitment to delivering a stable, high-quality cash management solution,” added Eaker.
What sets the Gabelli U.S. Treasury Money Market Fund apart from its peers is its combination of low costs and tax efficiency. The fund’s expense ratio is capped at just 0.08%, making it one of the most cost-effective options in its category. Additionally, its dividends are exempt from state and local taxes, which can be a significant advantage for investors in high-tax states. This focus on after-tax returns is particularly appealing to individuals and institutions looking to maximize the value of their cash holdings.
The fund is managed by Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc. (OTCQX: GAMI). Gabelli Funds has a long-standing reputation for disciplined, value-oriented investing, and the U.S. Treasury Money Market Fund is a prime example of this approach. By investing exclusively in U.S. Treasury securities, the fund avoids the credit risk associated with other types of money market instruments, such as commercial paper or municipal debt. This strategy not only enhances safety but also ensures a high level of liquidity, allowing investors to access their funds quickly when needed.
For those unfamiliar with money market funds, they are designed to provide a safe place to park cash while earning a modest return. Unlike bank accounts, money market funds are not FDIC insured, but funds like the Gabelli U.S. Treasury Money Market Fund that invest solely in government securities are considered among the safest options available. This makes them particularly attractive for investors who want to preserve capital and maintain liquidity, especially in volatile markets.
The recent recognition from iMoneyNet™ is a testament to the fund’s enduring appeal. The ranking is based on a combination of factors, including yield, expense ratio, and portfolio composition. By consistently outperforming its peers in these areas, the Gabelli U.S. Treasury Money Market Fund has cemented its reputation as a leader in the space. Investors looking for a reliable, low-cost, and tax-efficient cash management solution would do well to consider this fund.
