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 12/10/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
YTD Return
15.0%
1 yr return
19.0%
3 Yr Avg Return
-1.6%
5 Yr Avg Return
4.2%
Net Assets
$13.4 M
Holdings in Top 10
29.5%
Expense Ratio 1.82%
Front Load 4.00%
Deferred Load N/A
Turnover 34.00%
Redemption Fee 2.00%
Standard (Taxable)
$1,000
IRA
$250
Fund Type
Open End Mutual Fund
Name
As of 12/10/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
The Convertible Securities Fund invests, under normal circumstances, at least 80% of its net assets in convertible securities, and in derivatives and other instruments that have economic characteristics similar to such securities. The Convertible Securities Fund may invest in securities of any market capitalization or credit quality, and may from time to time invest a significant amount of its assets in securities of smaller companies.
The Convertible Securities Fund may invest up to 20% of its net assets in common stocks, non-convertible preferred stocks, and non-convertible fixed income securities.
The Convertible Securities Fund may also invest in non-convertible debt securities rated below investment grade (rated Ba or below by Moody’s, or BB or below by S&P or Fitch, or if unrated, determined by Gabelli Funds, LLC, the Convertible Securities Fund’s sub-adviser (the “Gabelli Sub-Adviser”), to be of comparable quality), within the above 20% limitation. The Convertible Securities Fund may also invest in securities issued by the U.S. government and its agencies and instrumentalities.
The Convertible Securities Fund may invest in illiquid or thinly traded securities, subject to any limitations described in the prospectus and/or Statement of Additional Information. The Convertible Securities Fund may also invest in securities that are eligible for resale under Rule 144A of the Securities Act of 1933, as amended.
The Convertible Securities Fund may invest up to 20% of its net assets in foreign securities, including securities of issuers located in emerging markets countries (i.e., those that are in the initial stages of their industrial cycles), non-U.S. dollar denominated securities, and depositary receipts. This percentage limitation, however, does not apply to securities of foreign companies that are listed in the United States on a national securities exchange.
By investing in convertible securities, the Convertible Securities Fund seeks the opportunity to participate in the capital appreciation of underlying stocks, while at the same time relying on the fixed income aspect of the convertible securities to provide current income and reduced price volatility, which can limit the risk of loss in a down equity market.
In buying and selling securities for the Convertible Securities Fund, the Gabelli Sub-Adviser relies on fundamental analysis, which involves a bottom-up assessment of a company’s potential for success in light of factors including its financial condition, earnings outlook, strategy, management, industry position, and economic and market conditions. The portfolio managers may consider selling a particular security when the portfolio managers perceive a change in company fundamentals, a decline in relative attractiveness to other issues, and/or a decline in industry fundamentals, or if any of the original reasons for purchase have materially changed.
The portfolio managers evaluate each security’s investment characteristics as a fixed income instrument as well as its potential for capital appreciation. Under normal market conditions, the portfolio managers utilize this strategy to seek to capture approximately 60% to 80% of the upside performance of the underlying equities with 50% or less of the downside exposure.
The Convertible Securities Fund may utilize foreign currency exchange contracts, options, stock index futures contracts, warrants, and other derivative instruments. In response to adverse market, economic, political or other conditions, the Convertible Securities Fund may deviate from its principal strategies by making temporary investments of some or all of its assets in high-quality fixed income securities, cash and cash equivalents. The Convertible Securities Fund may not achieve its investment objective when it does so.
While the Convertible Securities Fund does not concentrate in any one industry, from time to time, based on economic conditions, it may make significant investments in certain sectors.
Period | WEIAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 15.0% | 1.0% | 20.6% | 43.42% |
1 Yr | 19.0% | 6.5% | 25.4% | 48.68% |
3 Yr | -1.6%* | -13.2% | 4.3% | 93.33% |
5 Yr | 4.2%* | -6.0% | 12.7% | 91.55% |
10 Yr | 6.0%* | -0.3% | 11.5% | 82.46% |
* Annualized
Period | WEIAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 2.5% | -7.7% | 13.1% | 84.42% |
2022 | -29.7% | -37.8% | -12.8% | 90.79% |
2021 | -7.1% | -18.9% | 2.4% | 19.74% |
2020 | 22.9% | 5.9% | 54.0% | 79.17% |
2019 | 21.0% | 9.9% | 24.4% | 15.28% |
Period | WEIAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 15.0% | 1.0% | 20.6% | 43.42% |
1 Yr | 19.0% | 6.5% | 25.4% | 48.68% |
3 Yr | -1.6%* | -13.2% | 4.3% | 93.33% |
5 Yr | 4.2%* | -6.0% | 12.7% | 91.55% |
10 Yr | 6.0%* | -0.3% | 11.5% | 82.46% |
* Annualized
Period | WEIAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 5.1% | -7.7% | 15.3% | 87.01% |
2022 | -21.9% | -37.8% | -10.6% | 73.68% |
2021 | 2.4% | -12.2% | 11.3% | 65.79% |
2020 | 24.6% | 8.7% | 64.4% | 86.11% |
2019 | 24.2% | 12.2% | 28.7% | 47.22% |
WEIAX | Category Low | Category High | WEIAX % Rank | |
---|---|---|---|---|
Net Assets | 13.4 M | 13.4 M | 3.69 B | 98.70% |
Number of Holdings | 58 | 41 | 381 | 90.91% |
Net Assets in Top 10 | 4.14 M | 3.92 M | 608 M | 93.51% |
Weighting of Top 10 | 29.54% | 9.5% | 46.5% | 27.27% |
Weighting | Return Low | Return High | WEIAX % Rank | |
---|---|---|---|---|
Bonds | 91.65% | 0.00% | 98.77% | 12.99% |
Convertible Bonds | 84.70% | 37.15% | 99.72% | 31.17% |
Preferred Stocks | 8.14% | 0.00% | 22.50% | 35.06% |
Cash | 0.21% | -78.94% | 7.59% | 97.40% |
Stocks | 0.00% | 0.00% | 23.09% | 50.65% |
Other | 0.00% | -17.11% | 5.40% | 90.91% |
Weighting | Return Low | Return High | WEIAX % Rank | |
---|---|---|---|---|
Utilities | 59.77% | 0.00% | 100.00% | 64.29% |
Consumer Defense | 25.78% | 0.00% | 25.78% | 4.29% |
Healthcare | 14.45% | 0.00% | 20.31% | 8.57% |
Technology | 0.00% | 0.00% | 23.73% | 87.14% |
Real Estate | 0.00% | 0.00% | 27.87% | 87.14% |
Industrials | 0.00% | 0.00% | 23.08% | 91.43% |
Financial Services | 0.00% | 0.00% | 20.48% | 84.29% |
Energy | 0.00% | 0.00% | 40.56% | 87.14% |
Communication Services | 0.00% | 0.00% | 100.00% | 85.71% |
Consumer Cyclical | 0.00% | 0.00% | 24.79% | 85.71% |
Basic Materials | 0.00% | 0.00% | 24.08% | 85.71% |
Weighting | Return Low | Return High | WEIAX % Rank | |
---|---|---|---|---|
US | 0.00% | 0.00% | 22.42% | 45.45% |
Non US | 0.00% | 0.00% | 1.55% | 87.01% |
Weighting | Return Low | Return High | WEIAX % Rank | |
---|---|---|---|---|
Corporate | 98.55% | 91.11% | 100.00% | 40.26% |
Derivative | 0.00% | 0.00% | 0.76% | 90.91% |
Cash & Equivalents | 0.00% | 0.00% | 7.86% | 97.40% |
Securitized | 0.00% | 0.00% | 0.00% | 85.71% |
Municipal | 0.00% | 0.00% | 0.00% | 85.71% |
Government | 0.00% | 0.00% | 2.94% | 88.31% |
Weighting | Return Low | Return High | WEIAX % Rank | |
---|---|---|---|---|
US | 91.65% | 0.00% | 98.77% | 9.09% |
Non US | 0.00% | 0.00% | 17.05% | 85.71% |
WEIAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.82% | 0.20% | 2.87% | 16.88% |
Management Fee | 1.00% | 0.20% | 1.00% | 98.70% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 54.35% |
Administrative Fee | N/A | 0.04% | 0.15% | 6.67% |
WEIAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | 4.00% | 2.25% | 5.75% | 62.50% |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
WEIAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | 2.00% | 2.00% | 2.00% | 75.00% |
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.
WEIAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 34.00% | 30.00% | 154.00% | 14.49% |
WEIAX | Category Low | Category High | WEIAX % Rank | |
---|---|---|---|---|
Dividend Yield | 1.39% | 0.00% | 4.30% | 20.78% |
WEIAX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly | Quarterly | Quarterly | Quarterly |
WEIAX | Category Low | Category High | WEIAX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.24% | -3.72% | 3.69% | 56.58% |
WEIAX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Date | Amount | Type |
---|---|---|
Nov 26, 2024 | $0.048 | OrdinaryDividend |
Sep 26, 2024 | $0.080 | OrdinaryDividend |
Mar 26, 2024 | $0.160 | OrdinaryDividend |
Nov 28, 2023 | $0.005 | OrdinaryDividend |
Sep 27, 2023 | $0.087 | OrdinaryDividend |
Jun 28, 2023 | $0.084 | OrdinaryDividend |
Mar 29, 2023 | $0.135 | OrdinaryDividend |
Nov 28, 2022 | $1.216 | OrdinaryDividend |
Sep 28, 2022 | $0.062 | OrdinaryDividend |
Jun 28, 2022 | $0.038 | OrdinaryDividend |
Mar 29, 2022 | $0.057 | OrdinaryDividend |
Nov 26, 2021 | $0.007 | OrdinaryDividend |
Nov 26, 2021 | $0.570 | CapitalGainShortTerm |
Nov 26, 2021 | $1.039 | CapitalGainLongTerm |
Sep 28, 2021 | $0.033 | OrdinaryDividend |
Jun 28, 2021 | $0.043 | OrdinaryDividend |
Mar 29, 2021 | $0.069 | OrdinaryDividend |
Nov 25, 2020 | $0.008 | OrdinaryDividend |
Sep 28, 2020 | $0.045 | OrdinaryDividend |
Jun 26, 2020 | $0.059 | OrdinaryDividend |
Mar 27, 2020 | $0.085 | OrdinaryDividend |
Nov 26, 2019 | $0.019 | OrdinaryDividend |
Nov 26, 2019 | $0.010 | CapitalGainShortTerm |
Nov 26, 2019 | $0.153 | CapitalGainLongTerm |
Sep 26, 2019 | $0.056 | OrdinaryDividend |
Jun 26, 2019 | $0.045 | OrdinaryDividend |
Mar 27, 2019 | $0.083 | OrdinaryDividend |
Nov 28, 2018 | $0.542 | OrdinaryDividend |
Nov 28, 2018 | $0.309 | CapitalGainShortTerm |
Nov 28, 2018 | $0.222 | CapitalGainLongTerm |
Jun 27, 2018 | $0.041 | OrdinaryDividend |
Mar 27, 2018 | $0.057 | OrdinaryDividend |
Nov 28, 2017 | $0.039 | OrdinaryDividend |
Sep 27, 2017 | $0.150 | OrdinaryDividend |
Jun 28, 2017 | $0.026 | OrdinaryDividend |
Mar 29, 2017 | $0.011 | OrdinaryDividend |
Nov 28, 2016 | $0.532 | CapitalGainLongTerm |
Mar 29, 2016 | $0.022 | OrdinaryDividend |
Mar 20, 2015 | $0.018 | OrdinaryDividend |
Mar 20, 2014 | $0.188 | OrdinaryDividend |
Sep 20, 2013 | $0.001 | OrdinaryDividend |
Jun 20, 2013 | $0.016 | OrdinaryDividend |
Mar 20, 2013 | $0.015 | OrdinaryDividend |
Nov 28, 2012 | $0.023 | OrdinaryDividend |
Start Date
Tenure
Tenure Rank
Oct 01, 2016
5.67
5.7%
Mr. T. Dinsmore joined Gabelli Funds, LLC in 2015. Mr. T. Dinsmore has served as a portfolio manager of the Bancroft Fund and the Ellsworth Fund since 1996 and the Gabelli Convertible and Income Securities Fund since January 2016. From 1996 to 2015, Mr. T. Dinsmore was Chairman and CEO of Dinsmore Capital Management. He has a B.S. in Economics from the Wharton School of Business, and an M.A. in Economics from Fairleigh Dickinson University.
Start Date
Tenure
Tenure Rank
Oct 01, 2016
5.67
5.7%
James Dinsmore joined Gabelli Funds, LLC in 2015. Mr. J. Dinsmore has served as a portfolio manager of the Bancroft Fund and the Ellsworth Fund since 2011 and the Gabelli Convertible and Income Securities Fund since January 1, 2016. He currently serves as President and a trustee of the Ellsworth Fund. Mr. J. Dinsmore received a B.A. in Economics from Cornell University and an M.B.A. from Rutgers University.
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.25 | 36.97 | 10.28 | 7.42 |
Dividend Investing Ideas Center
Have you ever wished for the safety of bonds, but the return potential...
Dividend Investing Ideas Center
If you are reaching retirement age, there is a good chance that you...
Dividend Investing Ideas Center
If you are reaching retirement age, there is a good chance that you...