The Gabelli Convertible and Income Securities Fund Inc.

Frequently Asked Questions About GCV

What does GCV invest in?

The Gabelli Convertible and Income Securities Fund Inc., identified by the symbol GCV, functions as a balanced, closed-end mutual fund, initially launched by GAMCO Investors, Inc. Its operations are managed by Gabelli Funds, LLC. This fund strategically invests in both public equity and fixed-income markets. Its investment objective is to acquire shares in companies spanning a diverse array of sectors, with a primary emphasis on convertible securities, complemented by other debt and equity holdings. To evaluate its performance, the fund's portfolio is benchmarked against the Standard & Poor's 500 Index, the Barclays Government/Credit Bond Index, and the Lipper Convertible Securities Fund Average. The fund was previously known as Gabelli Convertible Securities Fund Inc. Established on December 19, 1988, it is domiciled in the United States.

What is the expense ratio of GCV?

The Gabelli Convertible and Income Securities Fund Inc. (GCV) charges an expense ratio of 2.07%. This is the annual fee deducted from fund assets to cover management and operations.

What is GCV's dividend yield?

GCV's trailing-twelve-month yield is 10.34%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of GCV?

Effective duration measures GCV's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. GCV's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of GCV?

GCV's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of GCV?

Yield to maturity (YTM) is the total return you'd earn from GCV if every bond in the portfolio is held to maturity at the current price. GCV's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.