Open-End Fund

The Gabelli Global Content & Connectivity Fund

GTCAX

Sector Fund - Communications

Seeks to Invest in the Current and Future of Digital Connectivity and Content Growth

Fund Total Net Assets as of 05/31/2025
$66M
NAV as of 06/03/2025
$23.00
Index
MSCI ACWI (All-Country World Index); MSCI ACWI Communication Services Index
Investment Category
Sector Fund – Communications
Inception Date
11/1/1993
YTD Return as of 06/03/2025
7.024%
Total Net Assets

XXXXXXXXX

Market Price as of 06/03/2025
$23.16
1 Day NAV Change
-0.301%
Dividends Paid
Annually – Dec.
Minimum Initial Investment
$1,000
Description of Strategy

The Gabelli Global Content & Connectivity Fund’s strategy focuses on investing in the common stocks of companies within the telecommunications, media, and information technology sector both within the United States and internationally. The Fund targets companies that are undervalued or poised for rapid growth in revenues and earnings, with significant potential for above-average capital appreciation. At least 25% of the Fund’s assets will be allocated to the telecommunications-related industry, ensuring a focus on key sectors driving digital connectivity and content growth.

Investment Objective

The Fund’s primary investment objective is capital appreciation. The Fund’s secondary investment objective is current income.

Why Invest

Sector Expert: Our portfolio manager is deeply embedded within the sector, approaching research as an industry participant, which is crucial in this dynamic industry.
 
Innovation and Growth: The Fund focuses on companies with a strong culture of innovation, a long-term strategic focus, and attractive valuations relative to their potential.
 
AI Adoption: As Artificial Intelligence (AI) and technologies continue to evolve, the sector is increasingly adopting algorithms that enhance user engagement, personalize experiences, and drive business growth. The Fund looks for companies leading the charge in AI integration, leveraging these advancements to scale and deliver innovative solutions.

Investment Team

Portfolio Managers

Sergey Dluzhevskiy

Sergey Dluzhevskiy

19 years managing this fund
Research Analyst

Sergey Dluzhevskiy joined the firm in 2005 as a research analyst and is a co-portfolio manager of The Gabelli Global Content & Connectivity Fund, an open-ended mutual fund that invests in companies in the telecommunications, media and information technology industries. Prior to that, he was an equity research analyst at Loomis Sayles & Company. He… More

Research Analysts

30

Supported by a centralized team of 30+ sector-focused analysts supporting Growth and Value portfolios

Historical Performance

Growth of $10,000

$-

Inception date to 6/3/2025

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.

Trailing Returns

As of 6/3/2025

Calendar Year Returns

Top Ten Holdings

Symbol Company Sector Portfolio
TMUST-MOBILE US INCCommunication Services6,267,685.00
METAMETA PLATFORMS INCCommunication Services4,322,700.00
DTEDEUTSCHE TELEKOM AGUtilities4,070,229.46
GOOGALPHABET INCCommunication Services3,827,635.00
9984SOFTBANK GROUP CORP3,689,885.99
PRXPROSUS NV3,682,907.80
TDSTELEPHONE AND DATA SYSTEMS INCCommunication Services2,905,500.00
USMUNITED STATES CELLULAR CORPCommunication Services2,766,000.00
TIGOMILLICOM INTERNATIONAL CELLULAR SACommunication Services2,421,600.00
FYBRFRONTIER COMMUNICATIONS PARENT INCCommunication Services2,330,900.00

Portfolio Details

Fees

Gross Expense Ratio

1.73%

Net Expense Ratio

0.90%

Maximum Sales Charge

5.75%

Geographic Exposure By Country

Geographic Exposure By Region

Disclosures

The top ten holdings 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 the S&P 500 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.

 

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 November 1, 1993. The Class AAA Shares’ net asset values are used to calculate performance for the periods prior to the issuance of Class A Shares on March 12, 2000 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 at the beginning of the period. The Fund imposes a 2% redemption fee on shares sold or exchanged in seven days or less after the date of purchase. Morgan Stanley Capital International (MSCI) All Country (AC) World Index and the Morgan Stanley Capital International (MSCI) All Country (AC) World Communication Services Index are unmanaged indicators of global stock market performance and their returns do not reflect any fees, expenses, or sales charges, and they are not available for direct deposit.

 

Effective December 1, 2019, the Fund’s Class AAA and Class A Shares will be “closed to purchases from new investors”. With respect to the Class AAA & Class A shares, existing shareholders may continue to purchase additional shares. With respect to Class C Shares, neither new investors nor existing shareholders may purchase additional shares after the effective date. These changes will have no effect on existing shareholders’ ability to redeem shares of the Fund as described in the Fund’s Summary Prospectus. Funds concentrating in specific sectors may experience greater fluctuations in value than funds that are more diversified. Investing in foreign securities involves risks not ordinarily associated with investments in domestic issues including currency fluctuations, economic and political risks. 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.

Invest with Gabelli today