Balanced Growth and Income with Strategic Convertible Securities
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The Gabelli Convertible and Income Securities Fund Inc. is a closed-end, diversified management investment company.
The Fund’s primary investment objective is to seek a high level of total return through a combination of current income and capital appreciation by investing primarily in convertible and other income producing securities.
Our Team: Led by Portfolio Manager and CIO, Mario Gabelli, CFA, and supported by our Portfolio Manager specializing in convertible bonds.
Mario J. Gabelli, CFA is the Chairman and Chief Executive Officer of GAMCO Investors, Inc., the firm he founded in 1977. A 1965 summa cum laude graduate of Fordham University’s College of Business Administration, he also holds an M.B.A. from Columbia University Graduate School of Business, and honorary doctorates from Fordham University and Roger Williams… More
James Dinsmore, CFA, joined Gabelli Funds LLC. in 2015. He currently serves as portfolio manager of Gabelli Funds, LLC and manages several funds within the Gabelli/GAMCO Funds Complex. James holds a BA in economics from Cornell University and an MBA from Rutgers University. jdinsmore@gabelli.com (914) 921-8388
Supported by a centralized team of 30+ sector-focused analysts supporting Growth and Value portfolios
A graphical measurement of a portfolio’s net return that simulates the performance of an initial investment of $10,000 over the given time period.
Returns represent past performance and do not guarantee future results. Due to market volatility, current performance may be lower or higher than the performance data quoted. Total return and average annual returns are historical and reflect changes in share price, reinvestment of dividends and capital gains and are net of expenses. Investment return and principal value will fluctuate so, upon redemption, shares may be worth more or less than their original cost. To obtain the most recent month end performance information and a prospectus, please call 800-GABELLI or visit www.gabelli.com.
| Symbol | Company | Sector | Portfolio |
|---|---|---|---|
| TXNM | TXNM ENERGY INC | Energy and Utilities | 2.8 |
| NOG | NORTHERN OIL & GAS INC | Energy and Utilities | 2.35 |
| BE | BLOOM ENERGY CORP | Energy and Utilities | 2.3 |
| NEE | NEXTERA ENERGY INC | Energy and Utilities | 2.12 |
| MPUS | MP MATERIALS CORP | Metals and Mining | 2.07 |
| CLSK | CLEANSPARK INC | Financial Services | 2.06 |
| DLR | DIGITAL REALTY TRUST LP | Real Estate Investment Trust | 2.02 |
| PSN | PARSONS CORP | Computer Software and Services | 1.92 |
| BTSG | BRIGHTSPRING HEALTH SERVICES INC | Health Care | 1.87 |
| LITE | LUMENTUM HOLDINGS INC | Computer Software and Services | 1.84 |
Gross Expense Ratio
2.4% / 1.7%
Net Expense Ratio
2.2% / 1.6%
Maximum Sales Charge
0.00%
The Fund’s fiscal year ends on September 30.
Performance returns for periods of less than one year are not annualized. Returns represent past performance and do not guarantee future results. Investment returns and the principal value of an investment will fluctuate. The Fund’s use of leverage may magnify the volatility of net asset value changes versus funds that do not employ leverage. When shares are sold, they may be worth more or less than their original cost. Consequently, you can lose money by investing in the Fund. Current performance may be lower or higher than the performance data presented. The S&P 500 Index is an unmanaged indicator of stock market performance. The Bloomberg Government/Credit Bond Index is a market value weighted index that tracks the performance of fixed rate, publicly placed, dollar denominated obligations. The Lipper Convertible Securities Fund Average reflects the average performance of open-end funds classified in this particular category. Dividends and interest income are considered reinvested. You cannot invest directly in an index.
Total returns and average annual returns reflect changes in the NAV per share, reinvestment of distributions at NAV on the ex-dividend date, and adjustments for rights offerings and are net of expenses. Since inception return is based on an initial NAV of $10.00.
Total returns and average annual returns reflect changes in closing market values on the NYSE, reinvestment of distributions, and adjustments for rights offerings. Since inception return is based on an initial offering price of $11.25 on March 31, 1995.
Since inception return is from March 31, 1995 when the Fund converted to closed-end status; before this date, the Fund had no operating history on the NYSE.
The Bloomberg Government/Credit Bond Index inception date is January 29, 1999.
From June 30, 1989, the date closest to the Fund’s inception for which data is available.
Investors should carefully consider the investment objectives, risks, charges, and expenses of the Fund before investing.
The gross expense ratios presented reflect the expense ratio based on common assets including / excluding distributions to Series G and Series H preferred shares that are treated as interest expense for financial reporting purposes and the net expense ratios presented reflect the expense ratio based on total assets including / excluding distributions to Series G and Series H preferred shares that are treated as interest expense for financial reporting purposes. Information regarding the Fund’s distribution policy and the most recent quarterly report, which contains a more extensive list of holdings, is available by calling 800-GABELLI (800-422-3554).
Forms 3,4, and 5 can be found here.
