GCCEX — The Gabelli Equity Income Fund
Data updated: 2026-08-31
GCCEX — The Gabelli Equity Income Fund. United States Multi-Cap / All-Cap Value Equity · $458.73M AUM. Holdings, fees, performance and SEC filings.
GCCEX Fund Overview
GCCEX — The Gabelli Equity Income Fund is a US mutual fund managed by Gabelli Equity Series Funds INC, categorised as United States Multi-Cap / All-Cap Value 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 Equity Series Funds INC
- Category: United States Multi-Cap / All-Cap Value Equity
- Assets under management: $458.73M
- 1-year return: 5.3%
- Ticker: GCCEX
- SEC CIK: 0000877670
- SEC series ID: S000001061
- Share class ID: C000002853
GCCEX Investment Objective and Strategy
The Gabelli Equity Income Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Gabelli Equity Series Funds INC.
Investment objective
The Equity Income Fund seeks to provide a high level of total return on its assets with an emphasis on income.
Principal investment strategy
The Equity Income Fund will seek to achieve its investment objective through a combination of capital appreciation and current income by investing, under normal market conditions, at least 80% of its net assets in income producing equity securities. Income producing equity securities include, for example, common stock, preferred stock, and convertible securities. In making stock selections, Gabelli Funds, LLC, the Equity Income Funds adviser (the Adviser), looks for securities that have a better yield than the average of the Standard and Poors 500 Index (the S&P 500 Index), as well as capital gains potential. In selecting investments for the Equity Income Fund, the Adviser focuses on issuers that: have strong free cash flow and pay regular dividends have potential for long term earnings per share growth may be subject to a value catalyst, such as industry developments, regulatory changes, changes in management, sale or spin-off of a division, or the development of a profitable new business are well managed will benefit from sustainable long term economic dynamics, such as globalization of an issuers industry or an issuers increased focus on productivity or enhancement of services.
The Adviser also believes preferred stock and convertible securities of selected companies offer opportunities for capital appreciation as well as periodic income and may invest a portion of the Equity Income Funds assets in such securities. This is particularly true in the case of companies that have performed below expectations. If a companys performance has been poor enough, its preferred stock and convertible debt securities will trade more like common stock than like a fixed income security and may result in above average appreciation if performance improves. Even if the credit quality of the company is not in question, the market price of the convertible security will reflect little or no element of conversion value if the price of its common stock has fallen substantially below the conversion price.
This leads to the possibility of capital appreciation if the price of the common stock recovers.
GCCEX Holdings
Top 10 holdings of The Gabelli Equity Income Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Bank Of New York Mellon Corp. (the) | 4.68% |
| Genuine Parts Company | 3.31% |
| Deere & Company | 3.18% |
| State Street Corp. | 2.87% |
| Gatx Corp. | 2.65% |
| Newmont Corp. | 2.55% |
| Chevron Corp. | 2.42% |
| Crane Company | 2.24% |
| Fomento Economico Mexicano Sab De Cv | 2.04% |
| Textron, Inc. | 1.93% |
GCCEX Portfolio Allocation
Asset-class allocation of The Gabelli Equity Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.1% |
| Fixed Income | 0.7% |
GCCEX Performance
Total returns for GCCEX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 5.3% |
| 3 years (annualised) | 3.0% |
GCCEX Risk Information
Risk metrics for GCCEX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 16.4%
GCCEX Costs and Fees
GCCEX costs about $214 per $10,000 invested per year in fund expenses.
- Net expense ratio: 2.14%
- Gross expense ratio: 2.14%
- Portfolio turnover: 0%
- Brokerage commissions: 0.53 bps of average net assets (SEC N-CEN)
GCCEX Cashflows
Over the 12 months to 2026-06, The Gabelli Equity Income Fund had net inflows of $69.03M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | $3.75M |
| 2026-05 | $3.67M |
| 2026-04 | $4.10M |
| 2026-03 | $4.10M |
| 2026-02 | $3.10M |
| 2026-01 | $6.19M |
GCCEX Debt Constituents
Largest debt holdings of The Gabelli Equity Income 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 | 0.53% |
| United States Of America - Bureau Of The Public Debt | 0.13% |
| United States Of America - Bureau Of The Public Debt | 0.07% |
GCCEX Prospectus and SEC Filings
Official The Gabelli Equity Income Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-01-28
- Prospectus (485BPOS) — filed 2025-01-28
- Prospectus (485BPOS) — filed 2024-01-26
- 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 2025-12-15
- Annual census (N-CEN) — filed 2024-12-13
Related Funds
Other United States Multi-Cap / All-Cap Value 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.