The Gabelli Utilities Fund (GAUIX)

Overview

The fund specializes in investing in the utilities and infrastructure sectors, focusing on companies that play a pivotal role in the generation, distribution, and provision of electricity, gas, and water, as well as in the infrastructure operations or telecommunications services sectors. It adopts a forward-looking approach by allocating at least 80% of its net assets into securities of companies either domestically or internationally. The fund’s international investment strategy allows for up to 40% of its total assets to be invested in securities of non-U.S. issuers, which includes opportunities in emerging markets. This broad mandate enables the fund to seek growth by tapping into sectors essential for everyday life and future development.

Products and Services

• Electricity Generation and Distribution Investments

  Investments in this category focus on companies providing products, services, or equipment used in the generation, transmission, and distribution of electricity. This includes utilities operating coal, natural gas, nuclear, and renewable energy plants, as well as companies involved in the grid infrastructure that supports power distribution.

• Gas Provision Investments

  This segment includes investments in companies involved in the extraction, processing, distribution, and sale of natural gas. The fund focuses on entities that ensure the reliable supply of gas to residential, commercial, and industrial users, including the infrastructure that enables gas distribution.

• Water Services Investments

  Investments here target companies engaged in water supply and treatment services. This encompasses entities responsible for the collection, treatment, and distribution of water for public consumption, as well as wastewater treatment and management services.

• Infrastructure Operations Investments

  The fund invests in companies that are integral to infrastructure operations, including those involved in the construction, operation, and maintenance of facilities that are essential for the societal and economic activities such as highways, airports, and bridges.

• Telecommunications Services Investments

  This area of investment focuses on companies providing telecommunication services, which include wired and wireless telecommunication carriers. The fund identifies opportunities in companies that facilitate communication and data transmission across diverse sectors and demographics.