Alice Traps: 9.9% Yielding AI Fund Under Scrutiny

Thursday, Oct 9, 2025 10:13 am ET1min read

An AI-focused closed-end fund, Gabelli Utility Trust (GUT), yields 9.9% but is nearly 2X overvalued. The fund holds blue chip power generators and pipeline operators, but its recent outperformance is temporary. Over the last decade, the fund has performed close to the index fund. Investors should be cautious of this fund as a potential "trap."

Alice Traps: 9.9% Yielding AI Fund Under Scrutiny

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