# GCP Asset Backed Income Fund Ltd. (GABI)

**Page:** https://fundology.uk/fund/gabi · ISIN JE00BVMWGC49

## At a glance

> Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.

As of 13/11/2026, GABI (GCP Asset Backed Income Fund Ltd., ISIN JE00BVMWGC49) closed at £0.586 on the London Stock Exchange. Over the five years to 13/11/2026 its price changed by −40.1% (income paid out is not included), or −53.3% after UK CPIH inflation.

## Summary

GCP Asset Backed Income Fund Ltd. is an investment trust. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Income from its investments is paid out to holders as cash, usually a few times a year.

Latest close: **£0.586** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | GABI |
| ISIN | JE00BVMWGC49 |
| Category | Investment trusts |
| Type | Investment trust |
| Income | Distributing |
| Domicile | Jersey |

## Past returns (periods to 13/11/2026)

After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after UK CPIH inflation.

| Window | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 1 year | -15.07% | -18.08% | price only |
| 3 years | +4.64% | -5.46% | price only |
| 5 years | -40.14% | -53.28% | price only |

Returns: worked out from recorded daily closes. Inflation: UK CPIH, latest month published.

## Calendar-year returns

Calendar-year returns of GCP Asset Backed Income Fund Ltd. in pounds (price only, income paid out not included): 2022 −13.4%, 2023 −21.9%, 2024 +15.9%, 2025 −10.5%; 2026 to 13/11/2026 −13.8%. Returns of GCP Asset Backed Income Fund Ltd. in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: −11.7%; to 30/09/2025: −14.4%; to 30/09/2024: +27.0%; to 30/09/2023: −26.9%; to 30/09/2022: −14.3%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -13.4% | -20.7% | Price |
| 2023 | -21.9% | -25.0% | Price |
| 2024 | +15.9% | +11.9% | Price |
| 2025 | -10.5% | -13.6% | Price |
| 2026 to 13/11/2026 | -13.8% | -16.6% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 14.66% | -17.14% |
| 3 years | 16.83% | -27.14% |
| 5 years | 18.73% | -47.40% |

## Largest fall

Volatility of GCP Asset Backed Income Fund Ltd. in pounds, annualised from weekly returns to 13/11/2026: 14.7% over 1 year, 16.8% over 3 years, 18.7% over 5 years. Largest fall in the price of GCP Asset Backed Income Fund Ltd. since November 2021, in pounds: −47.4% from 11/02/2022 to 20/10/2023. The lowest 12-month return of GCP Asset Backed Income Fund Ltd. in pounds (price only, income paid out not included) since January 2021 was −38.9% (12 months to 18/08/2023); the highest was +47.1% (12 months to 18/10/2024). On 13/11/2026 the price of GCP Asset Backed Income Fund Ltd. was 41.4% below its highest weekly close since November 2021 (11/02/2022), in pounds.

## Charges & eligibility

- Stocks and shares ISA eligible: usually (check with your platform)
- SIPP eligible: usually (check with your provider)
- ISA and SIPP mean the kind of product usually qualifies under HMRC rules. We do not check each platform’s list — each provider decides which funds it offers. Crypto ETNs have not qualified for a stocks and shares ISA since 06/04/2026, and overseas funds that are not UK-recognised UCITS, such as Swiss ETFs, do not usually qualify.

## Questions people ask

**Is GABI accumulating or distributing?**

GABI is distributing: income is paid out to holders as cash, usually a few times a year.

**What is the ISIN of GABI?**

The ISIN of GABI is JE00BVMWGC49. An ISIN identifies one exact share class of a fund; GABI is its ticker on the London Stock Exchange.

**What were GABI’s returns in each of the last five years?**

Calendar-year returns of GABI in pounds (price only, income paid out not included): 2022 −13.4%, 2023 −21.9%, 2024 +15.9%, 2025 −10.5%; 2026 to 13/11/2026 −13.8%. Past performance is not a guide to future returns.

**How has GABI done after inflation?**

Over the five years to 13/11/2026 GABI’s price changed by −40.1% (income paid out is not included), or −53.3% after UK CPIH inflation. Past performance is not a guide to future returns.

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Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.