CEF Advisors

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Gabelli Convertible and Income Securities Fund (GCV)

Taxable Bond Funds - Convertible Funds

Data as of April 6, 2020
Current
Market Price $4.22 (+ $0.25)
NAV (April 6, 2020) $4.60 (+ $0.24)
Premium / Discount -8.26% (+0.68%)
Fund Info
Inception March 31, 1995
Sponsor Gabelli Funds
Website https://www.gabelli.co...
Phone 800-422-3554
NAV Symbol XGCVX
Objective: Current income and capital appreciation; convertible securities and other debt or equity securities
Related Indexes
Convertible Bond Index
Capital & Leverage
Outstanding Shares 18,821,385
Total Assets (Reported: Dec. 31, 2019) $143M
Estimated Total Assets $122M
Net Assets $87M
Market Cap $79M
Purchases Turnover 27.39%
Sales Turnover 39.46%
Total Leverage 29.00%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 2.31%
Non Lev Exp Ratio 1.82%
Rel Lev Cost 1.25%
Discount Data
Average Discount (3 Yr) -0.07%
Discount Low(3 Yr) -18.96%
Discount High(3 Yr) 19.97%
Discount Rel Range 27.48%
Comp Discount 3.14
Discount St Dev (1Yr) 4.06
Z-Stat
Z-Stat (6mo) -2.25
Z-Stat (1Yr) -1.61
Z-Stat (3Yr) -1.29
Comp Z-Stat (6mo) -0.33
Comp Z-Stat (3Yr) 0.96
Distribution Data
Market Yield 11.37%
Income Yield 1.37%
Lev Adj NAV Yield 8.09%
Distribution Frequency Q
Current Distribution $0.120
Current Income $0.015
Ex-Date 3/16/20
Payable Date 3/24/20
Div Growth (3yr) 0.00%
Dividend Change 140.0% on 2/23/17
Expected Div 5/21/20
RoC (1yr) 16.67%
RoC (3yr) 9.79%
Tax Dividend Data 2019 2017 - 2019
Income 18.6% 21.8%
ST Gains 9% 6.2%
QDI 14.9% 16.2%
LT Gains 65.4% 69.7%
RoC 7% 2.3%
Volume & Liquidity
Average Daily $ (M) $237
Avg Volume 30 day 82,185
Avg Volume 90 day 56,066
Volume Trend 46.59%
Comp Volume Trend -4.64%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
87.0%
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
92.0%
Price Correlation (1yr)
vs. CEFA's Convertible Bond Index
89.0%
Most Correlated Peer (Mk Pr): CHI 91.0%
NAV - Price Correlation (30 d) 91.8%
NAV - Price Correlation (90 d) 98.8%
NAV - Price Correlation (1 Yr) 92.2%
Price St Dev (1Yr) 38.1%
NAV St Dev (1Yr) 24.7%
Earnings
Earnings / Share (12/31/19) $0.008
Earn Coverage 6.42%
Earnings Trend Up
UNII / Share (12/31/19) $-0.027
Rel UNII -45.69
UNII Trend Down
Bond Specific Data
Maturity 4.26
Duration
Credit Rating (rbo) BB
Investment Grade 0%
Non Investment Grade 2.15%
Unrated Bonds 97.85%
Performance
NAV Beta (2yr)
vs. S&P 500 (TR)
0.79
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
0.97
NAV Beta (2yr)
vs. CEFA's Convertible Bond Index
0.84

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NOTES: Distribution type sourced from CEFdata.com. For specific information about a fund's distribution sources, visit the fund sponsor's website.

The following information applies to closed-end funds and business development companies in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds and business development companies frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

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