THE GABELLI EQUITY INCOME FUND
Name
As of 04/30/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
1.4%
1 yr return
5.0%
3 Yr Avg Return
3.5%
5 Yr Avg Return
7.4%
Net Assets
$508 M
Holdings in Top 10
25.1%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.43%
SALES FEES
Front Load 5.75%
Deferred Load N/A
TRADING FEES
Turnover 1.00%
Redemption Fee 2.00%
Min Investment
Standard (Taxable)
$1,000
IRA
$250
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/30/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
GCAEX - Profile
Distributions
- YTD Total Return 1.4%
- 3 Yr Annualized Total Return 3.5%
- 5 Yr Annualized Total Return 7.4%
- Capital Gain Distribution Frequency Monthly
- Net Income Ratio 0.65%
- Dividend Yield 1.1%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameTHE GABELLI EQUITY INCOME FUND
-
Fund Family NameGabelli Fund Complex
-
Inception DateDec 31, 2003
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMario Gabelli
Fund Description
The Equity Income Fund will seek to achieve its investment objective through a combination of capital appreciation and current income by investing, under normal market conditions, at least 80% of its net assets in income producing equity securities of both U.S. and non-U.S. companies. Income producing equity securities include, for example, common stock, preferred stock, and convertible securities. In making stock selections, Gabelli Funds, LLC, the Equity Income Fund’s adviser (the “Adviser”), looks for securities of issuers with any capitalization size that have a better yield than the average of the Standard and Poor’s 500 Index (the “S&P 500 Index”), as well as capital gains potential.
In selecting investments for the Equity Income Fund, the Adviser focuses on issuers that:
● | have strong free cash flow and pay regular dividends |
● | have potential for long term earnings per share growth |
● | may be subject to a value catalyst, such as industry developments, regulatory changes, changes in management, sale or spin-off of a division, or the development of a profitable new business |
● | are well managed |
● | will benefit from sustainable long term economic dynamics, such as globalization of an issuer’s industry or an issuer’s increased focus on productivity or enhancement of services. |
The Adviser also believes preferred stock and convertible securities of selected companies offer opportunities for capital appreciation as well as periodic income and may invest a portion of the Equity Income Fund’s assets in such securities. This is particularly true in the case of companies that have performed below expectations. If a company’s performance has been poor enough, its preferred stock and convertible debt securities will trade more like common stock than like a fixed income security and may result in above average appreciation if performance improves. Even if the credit quality of the company is not in question, the market price of the convertible security will reflect little or no element of conversion value if the price of its common stock has fallen substantially below the conversion price. This leads to the possibility of capital appreciation if the price of the common stock recovers.
GCAEX - Performance
Return Ranking - Trailing
Period | GCAEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 1.4% | -2.8% | 14.5% | 97.29% |
1 Yr | 5.0% | -2.2% | 48.0% | 98.48% |
3 Yr | 3.5%* | -12.6% | 13.6% | 91.54% |
5 Yr | 7.4%* | -9.4% | 106.8% | 95.83% |
10 Yr | 4.2%* | -0.2% | 20.6% | 98.92% |
* Annualized
Return Ranking - Calendar
Period | GCAEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -13.7% | -42.6% | 47.4% | 99.60% |
2022 | -22.2% | -56.3% | -4.2% | 59.07% |
2021 | 1.5% | -27.2% | 53.7% | 91.43% |
2020 | -22.5% | -36.2% | 2181.7% | 99.92% |
2019 | -12.5% | -22.7% | 40.4% | 99.82% |
Total Return Ranking - Trailing
Period | GCAEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 1.4% | -2.8% | 14.5% | 97.29% |
1 Yr | 5.0% | -2.2% | 48.0% | 98.48% |
3 Yr | 3.5%* | -12.6% | 13.6% | 91.54% |
5 Yr | 7.4%* | -9.4% | 106.8% | 95.83% |
10 Yr | 4.2%* | -0.2% | 20.6% | 98.92% |
* Annualized
Total Return Ranking - Calendar
Period | GCAEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 6.8% | -5.0% | 47.4% | 97.84% |
2022 | -5.2% | -36.8% | -2.2% | 2.09% |
2021 | 23.5% | 3.0% | 124.3% | 82.20% |
2020 | 7.1% | -15.8% | 2266.0% | 95.84% |
2019 | 20.1% | -0.4% | 241.3% | 97.87% |
NAV & Total Return History
GCAEX - Holdings
Concentration Analysis
GCAEX | Category Low | Category High | GCAEX % Rank | |
---|---|---|---|---|
Net Assets | 508 M | 2.34 M | 1.55 T | 65.17% |
Number of Holdings | 217 | 1 | 4048 | 32.94% |
Net Assets in Top 10 | 129 M | 885 K | 387 B | 72.09% |
Weighting of Top 10 | 25.07% | 0.3% | 112.0% | 91.55% |
Top 10 Holdings
- Genuine Parts Co 4.45%
- Deere Co 3.27%
- Bank of New York Mellon Corp/The 3.01%
- GATX Corp 2.25%
- Microsoft Corp 2.22%
- Brown-Forman Corp 2.20%
- Fomento Economico Mexicano SAB de CV 2.06%
- Mueller Industries Inc 1.95%
- Mastercard Inc 1.84%
- State Street Corp 1.84%
Asset Allocation
Weighting | Return Low | Return High | GCAEX % Rank | |
---|---|---|---|---|
Stocks | 100.03% | 0.00% | 124.03% | 3.46% |
Preferred Stocks | 0.00% | 0.00% | 2.38% | 15.49% |
Other | 0.00% | -13.91% | 100.00% | 45.44% |
Convertible Bonds | 0.00% | 0.00% | 5.54% | 10.73% |
Cash | 0.00% | 0.00% | 99.06% | 94.97% |
Bonds | 0.00% | -0.37% | 93.78% | 16.04% |
Stock Sector Breakdown
Weighting | Return Low | Return High | GCAEX % Rank | |
---|---|---|---|---|
Consumer Defense | 25.24% | 0.00% | 47.71% | 0.24% |
Industrials | 18.59% | 0.00% | 29.90% | 2.96% |
Financial Services | 17.05% | 0.00% | 55.59% | 17.84% |
Healthcare | 7.56% | 0.00% | 60.70% | 96.32% |
Communication Services | 7.33% | 0.00% | 27.94% | 68.00% |
Technology | 6.47% | 0.00% | 48.94% | 97.52% |
Consumer Cyclical | 6.16% | 0.00% | 30.33% | 90.24% |
Energy | 5.79% | 0.00% | 41.64% | 15.68% |
Basic Materials | 3.91% | 0.00% | 25.70% | 20.40% |
Utilities | 1.36% | 0.00% | 20.91% | 75.28% |
Real Estate | 0.54% | 0.00% | 31.91% | 83.20% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | GCAEX % Rank | |
---|---|---|---|---|
US | 88.03% | 0.00% | 124.03% | 92.37% |
Non US | 12.00% | 0.00% | 62.81% | 3.62% |
GCAEX - Expenses
Operational Fees
GCAEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.43% | 0.01% | 19.75% | 16.53% |
Management Fee | 1.00% | 0.00% | 1.90% | 96.21% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 31.13% |
Administrative Fee | N/A | 0.00% | 0.85% | N/A |
Sales Fees
GCAEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | 5.75% | 1.00% | 5.75% | 2.76% |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
GCAEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | 2.00% | 0.25% | 2.00% | 23.91% |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
GCAEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 1.00% | 0.00% | 496.00% | 0.65% |
GCAEX - Distributions
Dividend Yield Analysis
GCAEX | Category Low | Category High | GCAEX % Rank | |
---|---|---|---|---|
Dividend Yield | 1.11% | 0.00% | 25.22% | 85.19% |
Dividend Distribution Analysis
GCAEX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Annual | Monthly | Quarterly |
Net Income Ratio Analysis
GCAEX | Category Low | Category High | GCAEX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.65% | -54.00% | 6.06% | 52.25% |
Capital Gain Distribution Analysis
GCAEX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Monthly | Annually | Semi-Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Apr 26, 2024 | $0.006 | OrdinaryDividend |
Mar 26, 2024 | $0.007 | OrdinaryDividend |
Nov 28, 2022 | $0.100 | OrdinaryDividend |
Aug 29, 2022 | $0.004 | OrdinaryDividend |
Jul 27, 2022 | $0.005 | OrdinaryDividend |
Jun 28, 2022 | $0.004 | OrdinaryDividend |
May 26, 2022 | $0.004 | OrdinaryDividend |
Nov 25, 2020 | $0.100 | OrdinaryDividend |
Oct 28, 2020 | $0.100 | OrdinaryDividend |
Dec 27, 2019 | $0.100 | OrdinaryDividend |
Nov 26, 2019 | $0.100 | OrdinaryDividend |
Oct 29, 2019 | $0.100 | OrdinaryDividend |
Sep 26, 2019 | $4.132 | OrdinaryDividend |
Aug 28, 2019 | $0.100 | OrdinaryDividend |
Jul 29, 2019 | $0.100 | OrdinaryDividend |
Jun 26, 2019 | $0.100 | OrdinaryDividend |
May 29, 2019 | $0.100 | OrdinaryDividend |
Apr 26, 2019 | $0.100 | OrdinaryDividend |
Feb 26, 2019 | $0.100 | OrdinaryDividend |
Jan 29, 2019 | $0.100 | OrdinaryDividend |
Nov 28, 2018 | $0.100 | OrdinaryDividend |
Oct 29, 2018 | $0.100 | OrdinaryDividend |
Aug 29, 2018 | $0.100 | OrdinaryDividend |
Jul 27, 2018 | $0.100 | OrdinaryDividend |
Jun 27, 2018 | $0.100 | OrdinaryDividend |
May 25, 2018 | $0.100 | OrdinaryDividend |
Apr 26, 2018 | $0.100 | OrdinaryDividend |
Mar 27, 2018 | $0.100 | OrdinaryDividend |
Feb 26, 2018 | $0.100 | OrdinaryDividend |
Jan 29, 2018 | $0.100 | OrdinaryDividend |
Dec 27, 2017 | $0.100 | OrdinaryDividend |
Nov 28, 2017 | $0.100 | OrdinaryDividend |
Oct 27, 2017 | $0.100 | OrdinaryDividend |
Aug 29, 2017 | $0.100 | OrdinaryDividend |
Jun 28, 2017 | $0.100 | OrdinaryDividend |
May 26, 2017 | $0.100 | OrdinaryDividend |
Apr 26, 2017 | $0.100 | OrdinaryDividend |
Mar 29, 2017 | $0.100 | OrdinaryDividend |
Feb 24, 2017 | $0.100 | OrdinaryDividend |
Jan 27, 2017 | $0.100 | OrdinaryDividend |
Nov 28, 2016 | $0.100 | OrdinaryDividend |
Oct 27, 2016 | $0.100 | OrdinaryDividend |
Aug 29, 2016 | $0.100 | OrdinaryDividend |
Jul 27, 2016 | $0.100 | OrdinaryDividend |
Jun 28, 2016 | $0.100 | OrdinaryDividend |
May 26, 2016 | $0.100 | OrdinaryDividend |
Apr 27, 2016 | $0.100 | OrdinaryDividend |
Mar 29, 2016 | $0.100 | OrdinaryDividend |
Feb 25, 2016 | $0.100 | OrdinaryDividend |
Jan 27, 2016 | $0.100 | OrdinaryDividend |
Dec 29, 2015 | $0.100 | OrdinaryDividend |
Nov 24, 2015 | $0.100 | OrdinaryDividend |
Oct 28, 2015 | $0.100 | OrdinaryDividend |
Sep 28, 2015 | $0.910 | OrdinaryDividend |
Aug 27, 2015 | $0.100 | OrdinaryDividend |
Jul 29, 2015 | $0.100 | OrdinaryDividend |
Jun 26, 2015 | $0.100 | OrdinaryDividend |
May 27, 2015 | $0.100 | OrdinaryDividend |
Apr 28, 2015 | $0.100 | OrdinaryDividend |
Mar 27, 2015 | $0.100 | OrdinaryDividend |
Feb 25, 2015 | $0.100 | OrdinaryDividend |
Jan 28, 2015 | $0.100 | OrdinaryDividend |
Dec 29, 2014 | $0.100 | OrdinaryDividend |
Nov 25, 2014 | $0.100 | OrdinaryDividend |
Oct 29, 2014 | $0.100 | OrdinaryDividend |
Sep 26, 2014 | $0.375 | OrdinaryDividend |
Aug 27, 2014 | $0.100 | OrdinaryDividend |
Jul 29, 2014 | $0.100 | OrdinaryDividend |
Jun 26, 2014 | $0.100 | OrdinaryDividend |
May 28, 2014 | $0.100 | OrdinaryDividend |
Apr 28, 2014 | $0.100 | OrdinaryDividend |
Mar 27, 2014 | $0.100 | OrdinaryDividend |
Feb 26, 2014 | $0.100 | OrdinaryDividend |
Jan 29, 2014 | $0.100 | OrdinaryDividend |
Dec 23, 2013 | $0.100 | OrdinaryDividend |
Nov 26, 2013 | $0.100 | OrdinaryDividend |
Oct 29, 2013 | $0.100 | OrdinaryDividend |
Sep 26, 2013 | $0.100 | OrdinaryDividend |
Aug 28, 2013 | $0.100 | OrdinaryDividend |
Jul 29, 2013 | $0.100 | OrdinaryDividend |
Jun 26, 2013 | $0.100 | OrdinaryDividend |
May 29, 2013 | $0.030 | OrdinaryDividend |
Apr 26, 2013 | $0.030 | OrdinaryDividend |
Mar 26, 2013 | $0.030 | OrdinaryDividend |
Feb 26, 2013 | $0.030 | OrdinaryDividend |
Jan 29, 2013 | $0.030 | OrdinaryDividend |
Dec 27, 2012 | $0.030 | OrdinaryDividend |
Nov 28, 2012 | $0.030 | OrdinaryDividend |
Oct 31, 2012 | $0.030 | OrdinaryDividend |
Sep 26, 2012 | $0.030 | OrdinaryDividend |
Aug 29, 2012 | $0.030 | OrdinaryDividend |
Jul 27, 2012 | $0.030 | OrdinaryDividend |
Jun 27, 2012 | $0.030 | OrdinaryDividend |
May 29, 2012 | $0.030 | OrdinaryDividend |
Apr 26, 2012 | $0.030 | OrdinaryDividend |
Mar 28, 2012 | $0.030 | OrdinaryDividend |
Feb 27, 2012 | $0.030 | OrdinaryDividend |
Jan 27, 2012 | $0.030 | OrdinaryDividend |
Dec 28, 2011 | $0.030 | OrdinaryDividend |
Nov 28, 2011 | $0.030 | OrdinaryDividend |
Oct 27, 2011 | $0.030 | OrdinaryDividend |
Sep 28, 2011 | $0.030 | OrdinaryDividend |
Aug 29, 2011 | $0.030 | OrdinaryDividend |
Jul 27, 2011 | $0.030 | OrdinaryDividend |
Jun 28, 2011 | $0.030 | OrdinaryDividend |
May 26, 2011 | $0.030 | OrdinaryDividend |
Apr 27, 2011 | $0.030 | OrdinaryDividend |
Mar 29, 2011 | $0.030 | OrdinaryDividend |
Feb 24, 2011 | $0.030 | OrdinaryDividend |
Jan 27, 2011 | $0.030 | OrdinaryDividend |
Dec 29, 2010 | $0.030 | OrdinaryDividend |
Nov 23, 2010 | $0.030 | OrdinaryDividend |
Oct 27, 2010 | $0.030 | OrdinaryDividend |
Sep 28, 2010 | $0.030 | OrdinaryDividend |
Aug 27, 2010 | $0.030 | OrdinaryDividend |
Jul 28, 2010 | $0.030 | OrdinaryDividend |
Jun 28, 2010 | $0.030 | OrdinaryDividend |
May 26, 2010 | $0.030 | OrdinaryDividend |
Apr 28, 2010 | $0.030 | OrdinaryDividend |
Mar 29, 2010 | $0.030 | OrdinaryDividend |
Feb 23, 2010 | $0.030 | OrdinaryDividend |
Jan 27, 2010 | $0.030 | OrdinaryDividend |
Dec 29, 2009 | $0.030 | OrdinaryDividend |
Nov 25, 2009 | $0.030 | OrdinaryDividend |
Oct 28, 2009 | $0.030 | OrdinaryDividend |
Sep 28, 2009 | $0.030 | OrdinaryDividend |
Aug 27, 2009 | $0.030 | OrdinaryDividend |
Jul 29, 2009 | $0.030 | OrdinaryDividend |
Jun 26, 2009 | $0.030 | OrdinaryDividend |
May 27, 2009 | $0.030 | OrdinaryDividend |
Apr 28, 2009 | $0.030 | OrdinaryDividend |
Mar 27, 2009 | $0.030 | OrdinaryDividend |
Feb 25, 2009 | $0.030 | OrdinaryDividend |
Jan 28, 2009 | $0.030 | OrdinaryDividend |
Dec 29, 2008 | $0.030 | OrdinaryDividend |
Nov 26, 2008 | $0.030 | OrdinaryDividend |
Oct 29, 2008 | $0.030 | OrdinaryDividend |
Sep 26, 2008 | $0.030 | OrdinaryDividend |
Aug 27, 2008 | $0.030 | OrdinaryDividend |
Jul 29, 2008 | $0.030 | OrdinaryDividend |
Jun 26, 2008 | $0.030 | OrdinaryDividend |
May 28, 2008 | $0.030 | OrdinaryDividend |
Apr 28, 2008 | $0.030 | OrdinaryDividend |
Mar 27, 2008 | $0.030 | OrdinaryDividend |
Feb 27, 2008 | $0.030 | OrdinaryDividend |
Jan 29, 2008 | $0.030 | OrdinaryDividend |
Dec 27, 2007 | $0.030 | OrdinaryDividend |
Dec 27, 2006 | $0.030 | OrdinaryDividend |
Oct 27, 2006 | $0.030 | OrdinaryDividend |
Sep 27, 2006 | $0.030 | OrdinaryDividend |
Aug 29, 2006 | $0.030 | OrdinaryDividend |
Jul 27, 2006 | $0.030 | OrdinaryDividend |
Jun 28, 2006 | $0.030 | OrdinaryDividend |
May 26, 2006 | $0.030 | OrdinaryDividend |
Apr 26, 2006 | $0.030 | OrdinaryDividend |
Mar 29, 2006 | $0.030 | OrdinaryDividend |
Feb 24, 2006 | $0.030 | OrdinaryDividend |
Jan 27, 2006 | $0.030 | OrdinaryDividend |
Dec 28, 2005 | $0.030 | OrdinaryDividend |
Oct 27, 2005 | $0.030 | OrdinaryDividend |
Sep 28, 2005 | $0.030 | OrdinaryDividend |
Aug 29, 2005 | $0.030 | OrdinaryDividend |
Jul 27, 2005 | $0.030 | OrdinaryDividend |
Jun 28, 2005 | $0.030 | OrdinaryDividend |
May 26, 2005 | $0.030 | OrdinaryDividend |
Apr 27, 2005 | $0.030 | OrdinaryDividend |
Mar 29, 2005 | $0.030 | OrdinaryDividend |
Feb 24, 2005 | $0.030 | OrdinaryDividend |
Jan 27, 2005 | $0.030 | OrdinaryDividend |
Nov 26, 2004 | $0.030 | OrdinaryDividend |
Oct 27, 2004 | $0.030 | OrdinaryDividend |
Sep 28, 2004 | $0.030 | OrdinaryDividend |
Aug 27, 2004 | $0.030 | OrdinaryDividend |
Jul 28, 2004 | $0.030 | OrdinaryDividend |
Jun 28, 2004 | $0.030 | OrdinaryDividend |
May 26, 2004 | $0.030 | OrdinaryDividend |
Apr 28, 2004 | $0.030 | OrdinaryDividend |
Mar 29, 2004 | $0.030 | OrdinaryDividend |
Feb 25, 2004 | $0.030 | OrdinaryDividend |
Jan 28, 2004 | $0.030 | OrdinaryDividend |
GCAEX - Fund Manager Analysis
Managers
Mario Gabelli
Start Date
Tenure
Tenure Rank
Jan 02, 1992
30.43
30.4%
Mario Gabelli is the Founder, Chairman and Chief Investment Officer. Mr. Gabelli is one of the most respected investors in the United States and is a leading proponent of value investing. His proprietary Private Market Value with a Catalyst™ methodology has become an analytical standard in the value investing community. He holds an MBA from Columbia University Graduate School of Business, and is a summa cum laude BS graduate from Fordham University. Mr. Gabelli is a Chartered Financial Analyst. He is a member of the board of overseers of Columbia University Graduate School of Business.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.04 | 39.02 | 7.24 | 2.42 |