Kevin Dreyer is a Managing Director and Portfolio Manager at GAMCO Investors, Inc.
The above webcast is an excerpt from GabelliTV that appeared on February 14, 2017.
GAMCO is providing these links as a matter of general information. We do not intend for these links to be a complete description of any security or company, nor is it a research report with respect to any of the companies mentioned herein.
As of January 31, 2017, affiliates of GAMCO Investors, Inc. beneficially owned 4.0% Snyder Lance, 2.03% Post Holdings, 1.76% Brown Forman Corp Class A, 1.63% United National Foods, 1.16 Davide Campari-Milano SPA, less than 1% of Mondelez Int’l, Kraft, Anheuser Busch Inbev, Lamb Weston, Pernod Ricard, General Mills, Whole Foods, Nestle, Diageo, Pinnacle Foods, Conagra Brands, Pepsico, Suntory Beverage & Food, Brown Forman Corp Class B, Kellogg Co., Yakult Honsha, Davide Campari SPA
Mr. Dreyer’s views are subject to change at any time based on market and other conditions. The information in this posting represents the opinions of Mr. Dreyer and is not intended to be a forecast of future events, a guarantee of future results, or investment advice. Views expressed are those of Mr. Dreyer and may differ from those of other GAMCO officers, Portfolio Managers, other employees, or of the Firm as a whole. Because the investment personnel at GAMCO and our affiliates make individual investment decisions with respect to the client accounts that they manage, these accounts may have transactions inconsistent with the information contained in this posting. Certain GAMCO personnel may know the substance of the posting prior to its posting. GAMCO and its affiliates do not receive compensation from the companies mentioned above.
This webcast is not an offer to sell any security nor is it a solicitation of an offer to buy any security.
For more information, a prospectus, or summary prospectus visit our website at: www.gabelli.com or call: 800-GABELLI
800-422-3554 • 914-921-5100 • Fax: 914-921-5118 • email@example.com
About NextShares: As a new type of Fund, NextShares have a limited operating history and may initially be available through a limited number of brokers. There can be no guarantee that an active trading market for Shares will develop or be maintained, or their listing will continue or remain unchanged. Trading prices of shares may be above, at or below NAV, and may vary significantly from anticipated levels. Buyers and sellers of Shares will not know the value of their purchases and sales until the Fund’s NAV is determined at the end of the trading day. Trading Prices of Shares are linked to the Fund’s nextcomputed NAV and will vary from NAV by a market-determined premium or discount, which may be zero.
Shares of NextShares funds are normally bought and sold in the secondary market through a broker, and may not be individually purchased or redeemed from the fund. In the secondary market, buyers and sellers transact with each other, rather than with the fund. NextShares funds issue and redeem shares only in specified creation unit quantities in transactions by or through Authorized Participants. In such transactions, a fund issues and redeems shares in exchange for the basket of securities, other instruments and/or cash that the fund specifies each business day. By transacting in kind, a NextShares fund can lower its trading costs and enhance fund tax efficiency by avoiding forced sales of securities to meet redemptions. Redemptions may be effected partially or entirely in cash when in-kind delivery is not practicable or deemed not in the best interests of shareholders. A fund’s basket is not intended to be representative of the fund’s current portfolio positions and may vary significantly from current positions. As exchange-traded securities, NextShares can operate with low transfer agency expenses by utilizing the same highly efficient share processing system as used for exchange-listed stocks and ETFs. Buying and selling NextShares may require payment of brokerage commissions and expose transacting shareholders to other trading costs. Frequent trading may detract from realized investment returns. The return on a shareholder’s NextShares investment will be reduced if the shareholder sells shares at a greater discount or narrower premium to NAV than he or she acquired the shares.
NextShares is a trademark of NextShares Solutions LLC. Used with permission.
Risk factors: Fund performance is sensitive to stock market volatility. Investments in foreign instruments or currencies can involve greater risk and volatility than U.S. investments because of adverse market, economic, political, regulatory, geopolitical or other conditions. No Fund is a complete investment program, and you may lose money investing in a fund, including loss of principal. The Fund may engage in other investment practices that may involve additional risks, and you should review the Fund prospectus for a complete description.
All investments are subject to risks, including possible loss of principal. Please carefully consider the investment objectives, risks, charges and expenses of Gabelli NextShares before investing. Please carefully read a copy of the Gabelli NextShares prospectus before investing, which contains this and other information about Gabelli NextShares; you can obtain a copy of the prospectus by calling 800-GABELLI (422-3554), or visit our website at www.gabelli.com.
The Fund invests a significant portion of its assets in companies in the food and beverage industries. As a result, the value of the Fund’s shares will be more susceptible to factors affecting those particular types of companies, which may include, among others, governmental regulation, greater price volatility for the overall market, rapid obsolescence of products and services, intense competition, and strong market reactions to consumer tastes and demands.
Gabelli Food of All Nations NextShares is an Exchange Traded Managed Fund.
Creation units of Gabelli NextShares will be distributed by G.distributors, LLC, an affiliate of Gabelli Funds, LLC, the investment advisor to Gabelli NextShares.
The Fund is expected to begin trading on February 14, 2017.