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GABUX Gabelli Utilities AAA

  • Fund
  • GABUX
  • Price as of: Sep 17, 2019
  • $8.96 + $0.02 + 0.22%

GABUX - Profile

Vitals

  • YTD Return 9.3%
  • 3 Yr Annualized Return -1.3%
  • 5 Yr Annualized Return -3.6%
  • Net Assets $2.2 B
  • Holdings in Top 10 33.5%

52 WEEK LOW AND HIGH

$8.96
$8.02
$9.07

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.37%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 1.00%

TRADING FEES

  • Max Redemption Fee 2.00%

Min Investment

STANDARD (TAXABLE)

$1,000

IRA

$250

Fund Classification

PRIMARY CATEGORY

  • Fund Type Open End Mutual Fund
  • Investment Style Utilities

Distributions

  • YTD Total Return 11.1%
  • 3 Yr Annualized Total Return 6.5%
  • 5 Yr Annualized Total Return 5.3%
  • Capital Gain Distribution Frequency Monthly
  • Net Income Ratio 1.57%
DIVIDENDS
  • Dividend Yield 3.9%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Gabelli Utilities Fund
  • Fund Family Name Gabelli
  • Inception Date Aug 31, 1999
  • Shares Outstanding N/A
  • Share Class Other
  • Currency USD
  • Domiciled Country United States
  • Manager Mario J. Gabelli

Fund Description

The Gabelli Utilities Fund Class AAA (GABUX) is an actively managed mutual fund that seeks a high total return through dividends and share price appreciation. GABUX focuses on small- and mid-cap utility stocks in the United States. These include power generators, natural gas distributors, water-related utilities as well as telecommunications firms. Managers at the firm use various quality metrics, such as dividend records and sound finances, to determine GABUX’s portfolio.

Given GABUX’s high costs and narrow mandate, it should be used by investors as a side position. The fund is internally managed by Gabelli Funds.

GABUX - Performance

Return Ranking - Trailing

Period GABUX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.3% 5.2% 22.8% 97.87%
1 Yr -0.4% -5.6% 17.8% 93.48%
3 Yr -1.3%* -5.8% 11.6% 97.67%
5 Yr -3.6%* -7.6% 8.8% 97.67%
10 Yr -3.7%* -7.1% 8.4% 97.22%

* Annualized


Return Ranking - Calendar

Period GABUX Return Category Return Low Category Return High Rank in Category (%)
2018 -11.2% -15.3% 4.1% 93.18%
2017 -0.3% -6.4% 13.4% 90.70%
2016 6.4% 2.1% 16.5% 86.05%
2015 -17.1% -25.9% -8.3% 60.47%
2014 -6.6% -10.4% 22.8% 97.67%

Total Return Ranking - Trailing

Period GABUX Return Category Return Low Category Return High Rank in Category (%)
YTD 11.1% 7.8% 22.8% 97.87%
1 Yr 3.7% 0.2% 22.9% 89.13%
3 Yr 6.5%* 4.3% 13.5% 76.74%
5 Yr 5.3%* -1.5% 10.9% 74.42%
10 Yr 8.1%* 5.2% 12.2% 75.00%

* Annualized


Total Return Ranking - Calendar

Period GABUX Return Category Return Low Category Return High Rank in Category (%)
2018 -2.9% -7.4% 5.1% 86.36%
2017 8.9% 0.6% 17.9% 76.74%
2016 17.0% 2.1% 23.7% 30.23%
2015 -8.2% -22.2% -5.5% 27.91%
2014 8.9% 5.4% 23.5% 88.37%

NAV & Total Return History

GABUX - Holdings

Concentration Analysis

GABUX Category Low Category High GABUX % Rank
Net Assets 2.2 B 49.2 M 6.72 B 48.94%
Number of Holdings 236 30 236 2.13%
Net Assets in Top 10 728 M 22.8 M 3.06 B 51.06%
Weighting of Top 10 33.50% 32.1% 66.8% 91.49%

Top 10 Holdings

  1. NextEra Energy Inc 5.53%

  2. National Fuel Gas Co 4.58%

  3. PNM Resources Inc 3.77%

  4. Southwest Gas Holdings Inc 3.76%

  5. Evergy Inc 3.20%

  6. American Electric Power Co Inc 2.79%

  7. Eversource Energy 2.77%

  8. El Paso Electric Co 2.43%

  9. The AES Corp 2.38%

  10. WEC Energy Group Inc 2.29%


Asset Allocation

Weighting Return Low Return High GABUX % Rank
Stocks
98.45% 87.70% 100.69% 36.17%
Cash
1.39% -0.69% 7.95% 46.81%
Preferred Stocks
0.09% 0.00% 3.41% 31.91%
Bonds
0.07% 0.00% 1.84% 19.15%
Other
0.00% -0.17% 0.94% 29.79%
Convertible Bonds
0.00% 0.00% 0.01% 31.91%

Stock Sector Breakdown

Weighting Return Low Return High GABUX % Rank
Utilities
65.66% 56.42% 99.03% 61.70%
Communication Services
14.41% 0.00% 34.20% 36.17%
Energy
9.09% 0.41% 25.36% 40.43%
Industrials
6.17% 0.00% 6.45% 6.38%
Technology
1.71% 0.00% 1.84% 4.26%
Consumer Cyclical
0.56% 0.00% 1.42% 4.26%
Basic Materials
0.40% 0.00% 5.06% 23.40%
Financial Services
0.25% 0.00% 17.14% 14.89%
Healthcare
0.02% 0.00% 0.02% 2.13%
Consumer Defense
0.01% 0.00% 0.01% 2.13%
Real Estate
0.00% 0.00% 3.20% 40.43%

Stock Geographic Breakdown

Weighting Return Low Return High GABUX % Rank
US
82.17% 59.95% 99.98% 59.57%
Non US
16.28% 0.00% 36.32% 23.40%

Bond Sector Breakdown

Weighting Return Low Return High GABUX % Rank
Cash & Equivalents
1.39% 0.02% 7.95% 46.81%
Corporate
0.16% 0.00% 3.41% 36.17%
Derivative
0.00% 0.00% 0.30% 46.81%
Securitized
0.00% 0.00% 0.42% 31.91%
Municipal
0.00% 0.00% 0.00% 27.66%
Government
0.00% 0.00% 0.05% 31.91%

Bond Geographic Breakdown

Weighting Return Low Return High GABUX % Rank
US
0.07% 0.00% 1.26% 19.15%
Non US
0.00% 0.00% 0.58% 31.91%

GABUX - Expenses

Operational Fees

GABUX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.37% 0.10% 4.18% 36.96%
Management Fee 1.00% 0.08% 1.00% 91.49%
12b-1 Fee 0.25% 0.00% 1.00% 32.26%
Administrative Fee N/A 0.04% 0.25% N/A

Sales Fees

GABUX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

GABUX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 2.00% 0.75% 2.00% 11.11%

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

GABUX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 1.00% 1.00% 390.00% 2.13%

GABUX - Distributions

Dividend Yield Analysis

GABUX Category Low Category High GABUX % Rank
Dividend Yield 3.91% 0.00% 5.97% 4.26%

Dividend Distribution Analysis

GABUX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Annually Quarterly Quarterly

Dividend Payout History


Net Income Ratio Analysis

GABUX Category Low Category High GABUX % Rank
Net Income Ratio 1.57% 0.74% 3.25% 78.26%

Capital Gain Distribution Analysis

GABUX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Monthly Annually Semi-Annually Annually

GABUX - Managers

Mario J. Gabelli

Manager

Start Date

Tenure

Tenure Rank

Aug 31, 1999

20.01

20.0%

Mario Gabelli is the Founder, Chairman and Chief Investment Officer. Mr. Gabelli is one of the most respected investors in the United States and is a leading proponent of value investing. His proprietary Private Market Value with a Catalyst™ methodology has become an analytical standard in the value investing community. He holds an MBA from Columbia University Graduate School of Business, and is a summa cum laude BS graduate from Fordham University. Mr. Gabelli is a Chartered Financial Analyst. He is a member of the board of overseers of Columbia University Graduate School of Business.


Timothy M. Winter

Manager

Start Date

Tenure

Tenure Rank

May 01, 2018

1.33

1.3%

Mr. Timothy M. Winter, CFA, joined Gabelli & Company in April of 2009 and covers the utility industry. He has over 20 years’ experience as an equity research analyst covering this industry, including the years 1992-2007 at AG Edwards from where he received industry recognition as a 3 time Wall Street Journal All-Star and was a senior member of the Institutional Investor (I.I.) #1 ranked Electric Utility Team for the years 2001, 2002, 2003, 2004 and 2005. He was most recently recognized in the 2017 Thomson Reuters US Analyst Awards as a “Top Stock Picker” in the gas utility industry. Mr. Winter received his B.A. in Economics in 1991 from Rollins College and M.B.A. in Finance from Notre Dame in 1992.


Tenure Analysis

Category Low

0.25

Category High

20.68

Category Average

9.93

Category Mode

5.34