The Gabelli Utilities Fund
Data updated: 2026-08-31
C000002901 — The Gabelli Utilities Fund. United States Mid Cap Blend / Core Utilities Equity · $1.76B AUM. Holdings, fees, performance and SEC filings.
C000002901 Fund Overview
The Gabelli Utilities Fund is a US mutual fund managed by Gabelli Utilities Fund, categorised as United States Mid Cap Blend / Core Utilities Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Gabelli Utilities Fund
- Category: United States Mid Cap Blend / Core Utilities Equity
- Assets under management: $1.76B
- 1-year return: -6.9%
- SEC CIK: 0001087966
- SEC series ID: S000001075
- Share class ID: C000002901
C000002901 Investment Objective and Strategy
The Gabelli Utilities Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Gabelli Utilities Fund.
Investment objective
The Fund seeks to provide a high level of total return through a combination of capital appreciation and current income.
Principal investment strategy
Under normal circumstances, the Fund invests at least 80% of its net assets in securities of domestic or foreign 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 internet and that derive at least 50% of their revenue or earnings from, or devote at least 50% of their assets to, utilities (each, a Utility Company and collectively, Utility Companies) that the Funds investment adviser, Gabelli Funds, LLC (the Adviser), believes have the potential to provide either capital appreciation or current income.
The Adviser emphasizes quality in selecting utility investments, and looks for companies that have proven dividend records and sound financial structures. Generally, Utility Companies generate relatively predictable streams of revenue and income, and in the view of the Adviser, are likely to pay dividends. For additional information about selection of investments suitable for the Fund, see page 9 of the prospectus. In selecting investments, the Adviser will consider factors such as: (i) the market price of the issuers common stock, earnings expectations, earnings and price histories, balance sheet characteristics, perceived management skills, and the conditions affecting the industry in which the issuer practices; (ii) the level of interest rates, local and national government regulations, the price and availability of materials used in the particular utility, environmental protection or energy conservation regulations, the level of demand for services, and the risks associated with constructing and operating certain kinds of facilities such as nuclear power facilities; (iii) the potential for capital appreciation of the stock; (iv) the dividend income generated by the stock; (v) the prices of the stock relative to other comparable stocks; and (vi) the diversification of the portfolio of the Fund as to issuers.
The Adviser will also consider changes in economic and political outlooks as well as individual corporate developments. The Adviser will sell any Fund investments that lose their perceived value relative to other investments in the judgment of the portfolio management team. The Funds assets will be invested primarily in a broad range of readily marketable dividend paying common stocks in the utilities industry. Although many of these common stocks will pay above average dividends, the Fund will buy stock of those companies whose securities have the potential for their prices to increase, providing either capital appreciation or current income for the Fund. The Fund may also invest in master limited partnerships (MLPs). The Fund may invest up to 40% of its total assets in securities of non-U.S.
issuers, including in emerging markets.
C000002901 Holdings
Top 10 holdings of The Gabelli Utilities Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Nextera Energy, Inc. | 7.45% |
| National Fuel Gas Company | 6.17% |
| American Electric Power Company, Inc. | 4.02% |
| Evergy, Inc. | 3.79% |
| Wec Energy Group, Inc. | 3.07% |
| Southwest Gas Holdings, Inc. | 3.01% |
| Ameren Corp. | 2.88% |
| Aes Corp. (the) | 2.42% |
| Oneok, Inc. | 2.30% |
| Eversource Energy | 2.28% |
C000002901 Portfolio Allocation
Asset-class allocation of The Gabelli Utilities Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 95.1% |
| Fixed Income | 5.2% |
C000002901 Performance
Total returns for C000002901 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -6.9% |
| 3 years (annualised) | 0.0% |
C000002901 Risk Information
Risk metrics for C000002901, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 13.7%
C000002901 Costs and Fees
C000002901 costs about $211 per $10,000 invested per year in fund expenses.
- Net expense ratio: 2.11%
- Gross expense ratio: 2.11%
- Portfolio turnover: 4%
- Brokerage commissions: 0.44 bps of average net assets (SEC N-CEN)
C000002901 Cashflows
Over the 12 months to 2026-06, The Gabelli Utilities Fund had net inflows of $231.87M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | $21.56M |
| 2026-05 | $23.41M |
| 2026-04 | $32.62M |
| 2026-03 | $21.67M |
| 2026-02 | $17.82M |
| 2026-01 | $11.28M |
C000002901 Debt Constituents
Largest debt holdings of The Gabelli Utilities Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| United States Of America - Bureau Of The Public Debt | 0.95% |
| United States Of America - Bureau Of The Public Debt | 0.64% |
| United States Of America - Bureau Of The Public Debt | 0.51% |
| United States Of America - Bureau Of The Public Debt | 0.49% |
| United States Of America - Bureau Of The Public Debt | 0.42% |
| United States Of America - Bureau Of The Public Debt | 0.34% |
| United States Of America - Bureau Of The Public Debt | 0.32% |
| United States Of America - Bureau Of The Public Debt | 0.25% |
| United States Of America - Bureau Of The Public Debt | 0.24% |
| United States Of America - Bureau Of The Public Debt | 0.24% |
C000002901 Prospectus and SEC Filings
Official The Gabelli Utilities Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-04-30
- Prospectus (485BPOS) — filed 2025-04-30
- Prospectus (485BPOS) — filed 2024-04-29
- Portfolio holdings (N-PORT) — filed 2026-08-31
- Portfolio holdings (N-PORT) — filed 2026-06-01
- Portfolio holdings (N-PORT) — filed 2026-03-02
- Annual census (N-CEN) — filed 2026-03-12
- Annual census (N-CEN) — filed 2025-03-14
Related Funds
Other United States Mid Cap Blend / Core Utilities Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.