| Ticker: | GABUX |
| Manager: | Mario J. Gabelli |
| Manager Since: | 01/02 |
| NAV (06/18/2013): | 5.65 |
| Objective: | Equity - Sector Utilities |
| Peer: | UT MV |
| Net Assets ($mil): | 590.46 |
| Inception: | 01/11/2002 |
The fund was incepted in August 1999 and is managed by Gabelli Funds. The fund seeks to provide a high level of total return through a combination of capital appreciation and current income. Under normal circumstances, the fund invests at least 80% of its net assets in securities of utility companies and that the fund's investment adviser believes have the potential to achieve either capital appreciation or current income. Utility companies are companies that are involved to a substantial extent in providing products, services or equipment for the generation or distribution of electricity, gas and water and the provision of infrastructure operations or telecommunications services, such as telephone, telegraph, satellite, cable, microwave, radiotelephone, mobile communication and cellular, paging, electronic mail, videotext, voice communications, data communications and the Internet. Dividends are distributed monthly....
| Stocks | 87.75% |
| Foreign Stocks | 8.46% |
| Cash | 0.00% |
| Bonds | 12.62% |
| Foreign Bonds | 0.00% |
| Preferred | 0.01% |
| Convertible | 0.03% |
| Other | -0.40% |
| Foreign Hedged | 0.00% |
| Large Growth | 0.00% |
| Large Value | 66.50% |
| Small Growth | 0.00% |
| Small Value | 18.54% |
| Foreign Stock | 0.00% |
| Emerging Market | 0.00% |
| Precious Metals | 0.00% |
| Intermediate Bond | 0.00% |
| High Yield Bond | 0.00% |
| Foreign Bond | 0.00% |
| Beta v. S&P 500 | 0.51 |
| Beta v. EAFE | 0.09 |
| Beta v. Barclays Agg Bond | 0.37 |
| Alpha 3 Yr | 3.84 |
| Alpha 5 Yr | 3.14 |
| R-Sq 3 Yr | 0.81 |
| R-Sq 5 Yr | 0.80 |
| Std Dev 3 Yr | 9.76 |
| Std Dev 5 Yr | 12.97 |
| Sharpe 3 Yr | 1.23 |
| Sharpe 5 Yr | 0.57 |
| Expense Ratio | 1.65 |
| % Max Load | NA |
| % Min Load | NA |
| % Deferred Load | NA |
| % Redemption | 2.00 |
| % Max 12 B1 Fee | 0.25 |
| % Max Mgt Fee | 1.00 |
| Min Initial Investment | 1000 |
| Min Subsequent Investment | 0 |
| 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | YTD | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| NAV ($) | 8.03 | 8.36 | 8.20 | 9.16 | 9.08 | 6.43 | 6.46 | 6.38 | 6.03 | 5.43 | 5.65 |
| Total Return (%) | 29.46 | 15.58 | 8.36 | 23.09 | 8.57 | -20.90 | 15.48 | 12.98 | 8.04 | 4.27 | 13.53 |
| Annual Dividend Yield (%) | 9.85 | 9.47 | 9.65 | 8.64 | 8.71 | 12.31 | 12.25 | 12.40 | 13.12 | 14.58 | 13.48 |
| Relative Performance | |||||||||||
| Rel Performance-S&P500(%) | 7.77 | 47.14 | 34.69 | 72.94 | 30.81 | 161.03 | -109.38 | -20.78 | 59.47 | -117.20 | 7.94 |
| Rel Performance-Obj.Ret.(%) | 95.67 | -69.24 | -41.14 | -11.53 | -68.78 | 169.17 | -66.05 | 21.01 | 29.69 | -73.41 | -10.56 |
| Ret.Quintile vs Obj(1 is best) | 2 | 5 | 4 | 4 | 5 | 1 | 4 | 3 | 3 | 4 | 4 |
| Turnover, Yields, and Gains | |||||||||||
| Fund Assets Net($mil) | 44 | 81 | 124 | 158 | 162 | 124 | 190 | 396 | 687 | 590 | 590 |
| Annual Turnover (%) | 39.00 | 17.00 | 18.00 | 24.00 | 19.00 | 19.00 | 12.00 | 19.00 | 22.00 | 14.00 | 0.00 |
| Annual Dividend Paid ($) | 0.84 | 0.84 | 0.84 | 0.84 | 0.84 | 0.84 | 0.84 | 0.84 | 0.84 | 0.84 | 0.28 |
| Annual Capital Gains Paid($) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 1 Month | 3 Month | 6 Month | YTD | 1 Year | 3 Year | 5 Year | 10 Year | 15 Year | 20 Year | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Return (through 05/13) | 3.48% | 8.73% | 12.56% | 13.53% | 17.19% | 11.64% | 6.78% | 10.51% | NA | NA |
| Ret. Percentile vs. Obj. (1 is best) | 71 | 78 | 86 | 64 | 75 | 82 | 8 | 65 | NA | NA |
| Average Price/Earnings | 16.99 |
| Average Price/Book | 2.13 |
| Average EPS Growth | 6.28 |
| Average Market Value | 19,826.00 |
| Name | Weight | Shares |
|---|---|---|
| NATIONAL FUEL GAS CO | 4.48 | 2,265,074 |
| NEXTERA ENERGY INC | 2.94 | 1,090,000 |
| EDISON INTL | 1.99 | 1,130,000 |
| SOUTHWEST GAS CORP | 1.95 | 1,181,000 |
| AES CORP | 1.52 | 3,640,074 |
| AMERICAN ELECTRIC POWER | 1.80 | 1,080,191 |
| GENERAL ELECTRIC CO | 1.78 | 2,175,000 |
| NORTHEAST UTILITIES | 1.65 | 1,085,000 |
| ENERGY TRANSFER EQUITY LP | 1.84 | 1,035,000 |