Balanced Growth and Income with Strategic Convertible Securities
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The Gabelli Convertible & Income Securities Fund Inc. is a diversified, closed-end management investment company. The Fund’s strategy focuses on preserving and enhancing shareholder wealth through a conservative, disciplined approach to investing in convertible securities and other debt securities that are periodically expected to accrue or generate income.
The Fund’s primary investment objective is to seek a high level of total return through a combination of current income and capital appreciation.
Our Team: Led by Portfolio Manager and CIO, Mario Gabelli, CFA, and supported by our Portfolio Manager specializing in convertible bonds.
Diversification Across Sectors: This fund provides both exposure across industries and market capitalization, the team focuses on high-conviction best ideas to garner growth of capital.
Strategic Income: These securities offer the potential for higher returns through equity upside and strong yields.
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
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.
| Symbol | Company | Sector | Portfolio |
|---|---|---|---|
| TXNM | TXNM ENERGY INC | Utilities | 2,254,779.00 |
| NOG | NORTHERN OIL & GAS INC | Energy | 1,982,906.25 |
| B | UNITED STATES TREASURY BILL | Industrials | 1,847,627.73 |
| NEE | NEXTERA ENERGY INC | Utilities | 1,822,000.00 |
| B | UNITED STATES TREASURY BILL | Industrials | 1,694,000.17 |
| DLR | DIGITAL REALTY TRUST LP | Real Estate | 1,588,480.00 |
| PPL | PPL CAPITAL FUNDING INC | Utilities | 1,570,100.00 |
| PSN | PARSONS CORP | Industrials | 1,502,250.00 |
| CSGS | CSG SYSTEMS INTERNATIONAL INC | Industrials | 1,462,050.00 |
| BABA | ALIBABA GROUP HOLDING LTD | Consumer Discretionary | 1,429,250.00 |
Gross Expense Ratio
2.4% / 1.7%
Net Expense Ratio
2.2% / 1.6%
Maximum Sales Charge
0.00%
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. Current performance may be lower or higher than the performance data presented. Visit www.gabelli.com for performance information as of the most recent month end.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.
The Fund’s fiscal year ends on September 30.
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.
