Powering Utility Investments
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The Gabelli Utilities Fund invests in small- and mid-cap utility stocks with a unique cash flow solution that are poised to benefit from increasing energy needs in the near future. Our management team focuses on quality utility investments and identifies companies that have proven dividend records and sound financial structures.
The investment objective of the Fund is to provide a high level of total return through capital appreciation and current income.
Capitalizing on Growing Energy Demand: As technology and Artificial Intelligence (AI) continue to drive innovation, energy demand is set to surge. This fund targets companies in the utility and infrastructure sectors, positioned to benefit from the increasing energy needs driven by digital transformation and advancements in AI.
Reliable Income with Growth Potential: This fund invests in high-quality, dividend-paying stocks, providing investors with a consistent income stream while also positioning for long-term growth.
Dedicated Leadership: Managed since inception in 1999 by Mario Gabelli, CFA, veteran portfolio manager with over 60 years of investment management experience and supported by a team of utility-focused co-portfolio managers.
Mario J. Gabelli 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 University…. More
Timothy Winter, CFA, is a portfolio manager of The Gabelli Utilities Fund, The Gabelli Utilities Trust and The Gabelli Global Utility & Income Trust and a research analyst covering the utilities industry. He joined the firm in 2009 and has over 25 years of industry experience. Previously he served over 15 years as research analyst… More
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.
| Symbol | Company | Sector | Portfolio |
|---|---|---|---|
| NEE | NEXTERA ENERGY INC | Utilities | 118,187,808.00 |
| NFG | NATIONAL FUEL GAS CO | Utilities | 117,921,829.00 |
| AEP | AMERICAN ELECTRIC POWER CO INC | Utilities | 60,502,799.00 |
| EVRG | EVERGY INC | Utilities | 57,628,892.65 |
| WEC | WEC ENERGY GROUP INC | Utilities | 52,539,258.00 |
| SWX | SOUTHWEST GAS HOLDINGS INC | Utilities | 49,434,300.00 |
| OKE | ONEOK INC | Energy | 46,831,840.00 |
| AEE | AMEREN CORP | Utilities | 46,254,280.00 |
| ES | EVERSOURCE ENERGY | Utilities | 39,859,092.50 |
| AES | AES CORP/THE | Utilities | 37,260,000.00 |
Gross Expense Ratio
1.32%
Net Expense Ratio
1.32%
Maximum Sales Charge
N/A
1From January 2024 through March 2025. **Distributions are inteded to be paid monthly. The top ten holdings and sectors listed are not necessarily representative of the entire portfolio and are subject to change. The most recent semiannual report, which contains a more extensive list of holdings, is available from your financial adviser or by contacting the distributor, G. distributors, LLC.
The Fund’s share price will fluctuate with changes in the market value of the Fund’s portfolio securities. Stocks are subject to market, economic and business risks that cause their prices to fluctuate. When you sell Fund shares, they may be worth less than what you paid for them. Consequently, you can lose money by investing in the Fund.
Standard deviation is a statistical measure of the volatility of a fund’s returns. Beta measures a fund’s risk relative to its benchmark which, by definition, has a beta of 1.00. If a fund’s beta is less than 1.00, the fund is considered less risky than the market. Alpha is a measure of a fund’s actual returns and expected performance, given its level of risk (as measured by beta). Upside/downside capture ratio show you whether a given fund has outperformed, gained more or less than, a broad market benchmark during periods of market strength and weakness, and if so, by how much. R-squared is a statistic that indicates how much of a fund’s fluctuations were attributable to movements of the fund’s benchmark index.
Investors should carefully consider the investment objectives, risks, charges, and expenses of the Fund before investing. The prospectus, which contains more complete information about these and other matters, should be read carefully before investing. To obtain a prospectus, please call 800-GABELLI or visit www.gabelli.com.
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. 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.
The inception date of the Fund was August 31, 1999. The Class AAA Shares’ net asset values are used to calculate performance for the periods prior to the issuance of Class A Shares on December 31, 2002 and Class I Shares on January 11, 2008. The Class C1 Shares’ net asset values are used to calculate performance for the periods prior to the issuance of Class C Shares on September 1, 2022. The actual performance for Class A and Class C Shares would have been lower and Class I Shares higher due to the different expenses associated with those classes of shares. Performance for periods less than one year is not annualized. Class A Shares (load adjusted) includes the effect of the maximum 5.75% sales charge at the beginning of the period. Class C Shares (load adjusted) includes the effect of the applicable 1% contingent deferred sales charge for shares redeemed up to and including the last day of the twelfth month after purchase. The Fund imposes a 2% redemption fee on shares sold or exchanged in seven days or less after the date of purchase. The S&P 500 Utility Index is an unmanaged indicator of electric and gas utility stock performance and its returns do not reflect any fees, expenses, or sales charges, and it is not available for direct deposit.
Funds investing in a single sector, such as utilities, may be subject to more volatility than funds that invest more broadly. The utilities industry can be significantly affected by government regulation, financing difficulties, supply or demand of services or fuel and natural resources conservation. The value of utility stocks changes as long-term interest rates change. The Fund may invest in foreign securities. Investing in foreign securities involves risks not ordinarily associated with investment in domestic issues including currency fluctuations, economic and political risks. The Fund may invest in small and mid capitalization securities. Small capitalization stocks are subject to significant price fluctuations and business risks. The stocks of smaller companies may trade less frequently and experience more abrupt price movements than stocks of larger companies; therefore, investing in this sector involves special challenges. Not FDIC Insured. Not Bank Guaranteed. May Lose Value.
The Gabelli Mutual Funds are distributed by G.Distributors, LLC., a registered broker-dealer and member of FINRA.
