Dividend Investing Ideas Center
Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
Name
As of 12/11/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
YTD Return
17.9%
1 yr return
23.5%
3 Yr Avg Return
3.8%
5 Yr Avg Return
4.8%
Net Assets
$213 M
Holdings in Top 10
51.4%
Expense Ratio 1.24%
Front Load N/A
Deferred Load N/A
Turnover 12.00%
Redemption Fee 2.00%
Standard (Taxable)
$50,000
IRA
N/A
Fund Type
Open End Mutual Fund
Name
As of 12/11/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
The Fund invests primarily in equity securities of companies that the Adviser believes are undervalued and have the potential to achieve significant capital appreciation, overweighting its core twenty-five equity positions. The Adviser invests in companies whose securities are selling at a significant discount to their private market value (“PMV”). PMV is the value the Adviser believes informed investors would be willing to pay to acquire the entire company. If investor attention is focused on the underlying asset value of a company due to expected or actual developments or other catalysts, an investment opportunity to realize this PMV may exist. The Fund may invest in companies of any size and from time to time may invest a greater portion in companies with large, medium, or small market capitalizations.
In selecting investments, the Adviser also considers the market price of the issuer’s securities, its balance sheet characteristics and the perceived strength of its management. The Fund’s assets will be invested primarily in common stock. Many of the common stocks the Fund will buy will not pay dividends. These stocks will be bought for the potential that their prices will increase, providing capital appreciation for the Fund. The value of equity securities will fluctuate due to many factors, including the past and predicted earnings of the issuer, the quality of the issuer’s management, general market conditions, the forecasts for the issuer’s industry and the value of the issuer’s assets. Holders of equity securities only have rights to value in the company after all debts have been paid, and they could lose their entire investment in a company that encounters financial difficulty. The Fund may also invest up to 25% of its total assets in the securities of non-U.S. issuers, including issuers in emerging markets.
The Fund may invest up to 50% of its total assets in securities for which a tender or exchange offer has been made or announced and in securities of companies for which a merger, consolidation, liquidation, or similar reorganization proposal has been announced (“reorganization securities”). Frequently, the holders of reorganization securities will receive new securities (“substituted securities”) in exchange therefor. No more than 30% of the Fund’s total assets, however, may be invested in reorganization securities where the Adviser anticipates selling the reorganization securities or the substituted securities within six months or less of the initial purchase of the reorganization securities. This limitation, however, will not apply to reorganization securities that have been purchased to supplement a position in such securities held by the Fund for more than six months.
The Fund may purchase American Depositary Receipts (“ADRs”) or U.S. dollar-denominated securities of foreign issuers that are not included in the Fund’s 25% limitation on foreign securities. ADRs are receipts issued by U.S. banks or trust companies with respect to securities of foreign issuers held on deposit for use in the U.S. securities markets. While ADRs may not necessarily be denominated in the same currency as the securities into which they may be converted, many of the risks associated with foreign securities may also apply to ADRs.
The Adviser may sell a holding if a security reaches or exceeds the PMV estimated by the Adviser, or if the Adviser believes the emergence of a catalyst is no longer likely.
Period | GVCIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 17.9% | -4.6% | 48.3% | 64.31% |
1 Yr | 23.5% | 3.6% | 53.5% | 71.67% |
3 Yr | 3.8%* | -18.4% | 25.4% | 88.51% |
5 Yr | 4.8%* | -0.4% | 25.4% | 98.15% |
10 Yr | 3.8%* | 2.9% | 13.7% | 99.05% |
* Annualized
Period | GVCIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -3.2% | -12.9% | 28.8% | 98.87% |
2022 | -28.7% | -52.6% | 20.1% | 94.00% |
2021 | 2.5% | -43.8% | 32.4% | 83.67% |
2020 | -3.3% | -10.6% | 82.1% | 97.58% |
2019 | 6.8% | -8.5% | 37.5% | 96.47% |
Period | GVCIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 17.9% | -4.6% | 48.3% | 64.31% |
1 Yr | 23.5% | 3.6% | 53.5% | 71.67% |
3 Yr | 3.8%* | -18.4% | 25.4% | 88.51% |
5 Yr | 4.8%* | -0.4% | 25.4% | 98.15% |
10 Yr | 3.8%* | 2.9% | 13.7% | 99.05% |
* Annualized
Period | GVCIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 9.3% | 1.2% | 31.3% | 93.77% |
2022 | -15.3% | -45.7% | 21.1% | 54.86% |
2021 | 15.3% | -30.2% | 52.8% | 90.38% |
2020 | -2.4% | -8.4% | 84.3% | 98.79% |
2019 | 18.3% | 1.0% | 43.4% | 95.19% |
GVCIX | Category Low | Category High | GVCIX % Rank | |
---|---|---|---|---|
Net Assets | 213 M | 728 K | 175 B | 65.35% |
Number of Holdings | 74 | 1 | 2780 | 54.65% |
Net Assets in Top 10 | 113 M | 402 K | 15.4 B | 46.76% |
Weighting of Top 10 | 51.36% | 0.5% | 100.0% | 8.47% |
Weighting | Return Low | Return High | GVCIX % Rank | |
---|---|---|---|---|
Stocks | 99.02% | 0.86% | 100.25% | 38.87% |
Bonds | 0.92% | 0.00% | 72.71% | 2.54% |
Cash | 0.06% | 0.00% | 99.07% | 94.08% |
Preferred Stocks | 0.00% | 0.00% | 11.12% | 73.24% |
Other | 0.00% | 0.00% | 51.08% | 78.59% |
Convertible Bonds | 0.00% | 0.00% | 1.78% | 72.68% |
Weighting | Return Low | Return High | GVCIX % Rank | |
---|---|---|---|---|
Communication Services | 30.98% | 0.00% | 30.98% | 0.28% |
Industrials | 18.05% | 0.00% | 45.89% | 34.75% |
Consumer Defense | 12.43% | 0.00% | 32.18% | 5.65% |
Financial Services | 11.94% | 0.00% | 46.10% | 74.29% |
Basic Materials | 8.53% | 0.00% | 16.35% | 7.91% |
Technology | 7.19% | 0.00% | 40.65% | 94.92% |
Consumer Cyclical | 4.10% | 2.49% | 46.48% | 96.61% |
Energy | 3.76% | 0.00% | 58.13% | 69.49% |
Real Estate | 2.75% | 0.00% | 25.82% | 79.66% |
Healthcare | 0.28% | 0.00% | 24.06% | 98.02% |
Utilities | 0.00% | 0.00% | 18.97% | 93.22% |
Weighting | Return Low | Return High | GVCIX % Rank | |
---|---|---|---|---|
US | 97.09% | 0.86% | 100.25% | 71.27% |
Non US | 1.93% | 0.00% | 10.11% | 8.17% |
Weighting | Return Low | Return High | GVCIX % Rank | |
---|---|---|---|---|
Corporate | 15.96% | 0.00% | 97.58% | 3.33% |
Derivative | 0.00% | 0.00% | 15.57% | 76.90% |
Cash & Equivalents | 0.00% | 0.00% | 100.00% | 95.77% |
Securitized | 0.00% | 0.00% | 0.00% | 72.12% |
Municipal | 0.00% | 0.00% | 0.00% | 72.12% |
Government | 0.00% | 0.00% | 42.40% | 73.64% |
Weighting | Return Low | Return High | GVCIX % Rank | |
---|---|---|---|---|
US | 0.92% | 0.00% | 71.79% | 2.54% |
Non US | 0.00% | 0.00% | 0.92% | 72.39% |
GVCIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.24% | 0.03% | 19.40% | 32.86% |
Management Fee | 1.00% | 0.00% | 1.50% | 96.03% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.30% | N/A |
GVCIX 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% | 4.00% | N/A |
GVCIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | 2.00% | 1.00% | 2.00% | 56.52% |
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.
GVCIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 12.00% | 0.00% | 304.00% | 5.70% |
GVCIX | Category Low | Category High | GVCIX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.78% | 0.00% | 29.78% | 1.13% |
GVCIX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annual | Annual | Annual |
GVCIX | Category Low | Category High | GVCIX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.87% | -2.06% | 3.38% | 23.23% |
GVCIX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Date | Amount | Type |
---|---|---|
Dec 27, 2023 | $0.086 | OrdinaryDividend |
Dec 27, 2023 | $0.002 | CapitalGainShortTerm |
Dec 27, 2023 | $1.129 | CapitalGainLongTerm |
Dec 28, 2022 | $1.808 | OrdinaryDividend |
Dec 29, 2021 | $0.171 | OrdinaryDividend |
Dec 29, 2021 | $0.308 | CapitalGainShortTerm |
Dec 29, 2021 | $1.236 | CapitalGainLongTerm |
Dec 29, 2020 | $0.119 | OrdinaryDividend |
Dec 27, 2019 | $0.097 | OrdinaryDividend |
Dec 27, 2019 | $0.005 | CapitalGainShortTerm |
Dec 27, 2019 | $1.384 | CapitalGainLongTerm |
Dec 27, 2018 | $1.233 | CapitalGainLongTerm |
Dec 27, 2018 | $0.077 | OrdinaryDividend |
Dec 27, 2017 | $0.019 | CapitalGainShortTerm |
Dec 27, 2017 | $1.024 | CapitalGainLongTerm |
Dec 27, 2017 | $0.079 | OrdinaryDividend |
Dec 28, 2016 | $1.029 | CapitalGainLongTerm |
Dec 28, 2016 | $0.116 | OrdinaryDividend |
Dec 29, 2015 | $0.054 | CapitalGainShortTerm |
Dec 29, 2015 | $2.390 | CapitalGainLongTerm |
Dec 29, 2015 | $0.061 | OrdinaryDividend |
Dec 12, 2013 | $0.008 | CapitalGainShortTerm |
Dec 12, 2013 | $0.460 | CapitalGainLongTerm |
Dec 12, 2013 | $0.065 | OrdinaryDividend |
Dec 27, 2012 | $0.863 | CapitalGainLongTerm |
Dec 27, 2012 | $0.173 | OrdinaryDividend |
Dec 28, 2011 | $0.106 | CapitalGainShortTerm |
Dec 28, 2011 | $1.546 | CapitalGainLongTerm |
Dec 28, 2011 | $0.091 | OrdinaryDividend |
Dec 29, 2010 | $0.460 | CapitalGainLongTerm |
Dec 29, 2010 | $0.037 | OrdinaryDividend |
Dec 29, 2009 | $0.066 | OrdinaryDividend |
Dec 29, 2009 | $0.110 | CapitalGainLongTerm |
Dec 29, 2008 | $0.076 | OrdinaryDividend |
Dec 29, 2008 | $0.310 | CapitalGainLongTerm |
Start Date
Tenure
Tenure Rank
Sep 29, 1989
32.69
32.7%
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.
Start Date
Tenure
Tenure Rank
Sep 10, 2007
14.73
14.7%
Christopher J. Marangi joined GAMCO in 2003 as an equity research analyst responsible for companies in the Cable, Satellite and Entertainment sectors, Mr. Marangi's experience includes 5+ years with Wellspring and JPMorgan. Mr. Marangi graduated magna cum laude and Phi Beta Kappa with a B.A. in Political Economy from Williams College and holds an M.B.A. with honors from the Columbia Graduate School of Business
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.25 | 38.44 | 7.3 | 5.78 |
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