Seeks to Deliver Yield and Growth from Strong, Cash-Generating Companies
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The Gabelli Equity Income Fund’s strategy targets well-managed companies with strong free cash flow, positioned to benefit from long-term economic trends such as industry globalization or enhanced productivity and services. The Fund seeks equity securities that offer yields superior to the average of the S&P 500 Index, while also presenting opportunities for capital appreciation. The portfolio is diversified across sectors to reduce risk while seeking to maintain reliable income potential and long-term growth.
The Fund seeks to provide a high level of total return with an emphasis on current income.
Research Driven: With over 30 research analysts reporting across sectors, this Fund leverages best ideas, attractive and up to date valuations, and shifting industry dynamics to create reliable income potential and long-term growth.
Dedicated Leadership: Managed since inception in 1992 by Mario Gabelli, CFA, veteran Portfolio Manager and CIO of Value, who leverages over 60 years of investment management experience to manage the portfolio.
Diversification: This fund provides exposure across industries and market capitalization.
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
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 |
|---|---|---|---|
| MA | MASTERCARD INC | Financials | 74,818,380.00 |
| JPM | JPMORGAN CHASE & CO | Financials | 63,630,820.00 |
| B | UNITED STATES TREASURY BILL | Industrials | 63,076,906.26 |
| AXP | AMERICAN EXPRESS CO | Financials | 60,213,390.00 |
| B | UNITED STATES TREASURY BILL | Industrials | 53,183,532.06 |
| BK | BANK OF NEW YORK MELLON CORP/THE | Financials | 50,036,842.00 |
| SONY | SONY GROUP CORP | Consumer Discretionary | 45,017,358.65 |
| RSG | REPUBLIC SERVICES INC | Industrials | 42,208,488.00 |
| MSFT | MICROSOFT CORP | Information Technology | 40,729,815.00 |
| HON | HONEYWELL INTERNATIONAL INC | Industrials | 38,813,775.00 |
Gross Expense Ratio
2.18%
Net Expense Ratio
2.18%
Maximum Sales Charge
N/A
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 it’s Index 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.
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 January 2, 1992. The Class AAA Shares’ net asset values are used to calculate performance for the periods prior to the issuance of Class A Shares and Class C Shares on December 31, 2003 and Class I Shares on January 11, 2008. The actual performance for Class A 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 during the first year period. 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 Index is an unmanaged indicator of stock market performance, its returns do not reflect any fees, expenses, or sales charges, and it is not available for direct deposit. The Lipper Equity Income Fund Average reflects the average performance of mutual funds classified in this particular category.
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.
