All charts and data below are CPI-U inflation-adjusted and with dividends reinvested. (Why?)

Total Real Returns

GAM: Total Real Return Chart (Dividends Reinvested, Inflation Adjusted)

GAM real return snapshot: after CPI-U inflation, GAM returned +21.92% over the past year and +7.07% YTD, with dividends reinvested. Since Mar. 17, 1980, GAM is up +3,412.73% in real purchasing-power return, or +7.98%/yr, and is currently −1.11% below its real total-return high on Apr. 23, 2026.

Data ending Fri Jul. 31, 2026

Growth of $10,000

Mon 1980-03-17💬 to Fri 2026-07-31 Overall
Return 		Exponential
Trendline
GAM × 		+3,412.73%
+7.98%/yr 		+7.38%/yr
R2=0.930
General American Investors Closed Fund NYSE Common Stock

Growth of $10,000 Summary

Mon 1980-03-17💬 to Fri 2026-07-31 Start
Value 		End
Value
GAM × 		$10,000.00
1980-03-17 		$351,273.13
2026-07-31

This Year’s Performance

through 2026-07-31

  YTD YoY
GAM × 		+7.07% +21.92%

Drawdowns

  Current
Drawdown 		Worst
Drawdown
GAM × 		−1.11%
on 2026-07-31
from 2026-04-23 peak 		−67.23%
on 2009-03-09
from 2007-10-16 peak

Rolling Returns

Period ending Fri 2026-07-31 1 yr 2 yr 3 yr 5 yr 10 yr
GAM × 		+21.92% +44.44%
+20.18%/yr 		+81.00%
+21.87%/yr 		+86.60%
+13.29%/yr 		+174.02%
+10.61%/yr

Annual Returns

Year GAM
2026 (YTD) +7.07%
2025 +25.28%
2024 +25.92%
2023 +22.73%
2022 −15.64%
2021 +19.62%
2020 −2.16%
2019 +31.00%
2018 −11.93%
2017 +10.17%
2016 +6.10%
2015 −8.47%
2014 +8.63%
2013 +32.39%
2012 +15.95%
2011 −8.05%
2010 +14.53%
2009 +33.25%
2008 −48.32%
2007 +4.46%
2006 +13.89%
2005 +9.83%
2004 +5.46%
2003 +24.71%
2002 −28.87%
2001 +3.77%
2000 +14.46%
1999 +35.98%
1998 +29.23%
1997 +38.02%
1996 +13.62%
1995 +18.99%
1994 −16.72%
1993 −18.19%
1992 +12.23%
1991 +80.91%
1990 −0.86%
1989 +44.36%
1988 +4.36%
1987 −17.80%
1986 +13.52%
1985 +11.82%
1984 −22.25%
1983 +5.77%
1982 −7.35%
1981 −10.71%
1980 +64.70%