Gabelli Equity Income Fund
GABEX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- One Corporate Center Rye NY United States of America 10580
- IPO Date
- Dec 31, 1991
- CIK
- 0000877670
- Website
- gabelli.com
- Similar Companies
- Business
- Gabelli Equity Income Fund (GABEX) is an open-end mutual fund that seeks a high level of total return with an emphasis on current income by investing primarily in income-producing equity securities, including common stocks, preferred stocks, and convertible securities selected for yields superior to the S&P 500 Index average alongside capital appreciation potential. The Fund targets well-managed companies with strong free cash flow benefiting from long-term economic trends such as industry globalization, enhanced productivity, and services; its portfolio is diversified across sectors like industrials (approximately 23%), financial services (19%), consumer defensive (18%), energy (8%), and technology (7%), with top holdings including Bank of New York Mellon Corp., Genuine Parts Co., GATX Corp., State Street Corp., Microsoft Corp., Chevron Corp., Newmont Corp., Deere & Co., National Fuel Gas Co., and Mueller Industries Inc. It offers multiple share classes, including Class AAA (GABEX) with a net expense ratio of 1.43% and a 2% maximum redemption fee on shares sold within seven days; the Fund is available to U.S. investors with a minimum initial investment of $1,000 ($250 for IRAs). Managed since its inception on January 2, 1992, by Mario J. Gabelli, CFA, Chairman and CEO of GAMCO Investors, Inc., from headquarters in Rye, New York, the Fund leverages proprietary research from over 30 sector analysts and operates within the large value category per Morningstar. As of recent data, total net assets stand at approximately $451 million, with the GABEX share class comprising about $171 million, predominantly in U.S. stocks (80%) and non-U.S. stocks (20%) across regions including the Eurozone, Japan, Europe ex-Eurozone, and the United Kingdom. The Fund, advised by Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc. (founded 1977), reported outperformance versus the S&P 500 Index but underperformance relative to the Lipper Equity Income Funds Average for the six months ended March 31, 2025 amid market concerns; its Class C shares were closed to new purchases effective January 3, 2022. In line with GAMCO's broader activities, the parent firm acquired Gabelli-Keeley assets in May 2025, launched new actively managed ETFs including the Gabelli High Income ETF (GBHI), Keeley Dividend ETF (KDVD), and Gabelli Opportunities in Live and Sports ETF (GOLS), and transitioned four semi-transparent ETFs to full transparency in mid-December 2025, alongside establishing the Gabelli Funds Foundation in September 2024 with additional board-approved contributions. These developments reflect GAMCO's strategic expansion in ETFs and wealth management while maintaining the Fund's core value-oriented, research-driven approach without direct reorganizations or name changes to GABEX itself.