Seeks Long-Term Growth of Capital
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The Gabelli Equity Trust Inc. is a diversified, closed-end management company. The Fund seeks out undervalued companies with greater than average potential for growth of capital and income generating opportunities. The Fund maintains a 10% Distribution Policy whereby the Trust pays out to common shareholders 10% of its average net assets each year. This distribution is paid quarterly. The distribution rate is not representative of dividend yield or the total return of the Fund and may include a return of capital.
The Fund’s primary investment objective is long-term growth of capital, with income as a secondary objective.
Our Team: Led by Portfolio Manager and CIO, Mario Gabelli, CFA, along with management support from more than 13 experienced portfolio managers.
Research Driven: With over 33 research analysts reporting across sectors, the Fund leverages best ideas, attractive and up to date valuations, and shifting industry dynamics to create reliable income potential and long-term growth.
Mario J. Gabelli, CFA is the Chairman and Chief Executive Officer of GAMCO Investors, Inc., the firm he founded in 1977. A 1965 summa cum laude graduate of Fordham University’s College of Business Administration, he also holds an M.B.A. from Columbia University Graduate School of Business, and honorary doctorates from Fordham University and Roger Williams… More
Lieutenant Colonel Tony Bancroft, United States Marine Corps Reserve, joined the firm in 2009 as an associate in the alternative investments division and is currently an analyst covering the aerospace and defense and environmental services sectors, with a focus on suppliers to the commercial, military and regional jet aircraft industry and waste services. He previously… More
Daniel Barasa joined Gabelli Funds in 2022 as an analyst covering the pharmaceuticals, insurance, value-based care and life sciences (CROs) industries. Previously, he worked as an actuary at Cigna and New York Life. Daniel graduated summa cum laude from Berea College with a BA in Economics and Mathematics and holds an MBA from Harvard Business… More
Mr. Dreyer is a Portfolio Manager of the Gabelli Asset Fund, the Gabelli Equity Trust, the Gabelli Dividend & Income Trust, the Gabelli Healthcare & WellnessRXÂ Trust, the Gabelli ESG Fund, the Gabelli Global Small and Mid Cap Value Trust, and the GAMCO Global Opportunity Fund (as part of the Global Team). He is also… More
Joseph Gabelli has served as a portfolio manager of the Mighty Mites Fund since May 1, 2018. He rejoined GAMCO Investors, Inc. on May 1, 2018, after serving as a data strategy consultant for Alt/S, an early-stage media and marketing analytics firm, beginning in July 2017. From 2008 until June 2017, Joseph served as an… More
Ian Lapey joined the firm in 2018 and is the portfolio manager of The Gabelli Global Financial Services Fund and co-portfolio manager of The Gabelli ESG Fund. Prior to joining the firm he was a research analyst and partner at Moerus Capital Management LLC and before that was a partner, research analyst and portfolio manager… More
Supported by a centralized team of 30+ sector-focused analysts supporting Growth and Value portfolios
A graphical measurement of a portfolio’s net return that simulates the performance of an initial investment of $10,000 over the given time period.
Returns represent past performance and do not guarantee future results. Due to market volatility, current performance may be lower or higher than the performance data quoted. Total return and average annual returns are historical and reflect changes in share price, reinvestment of dividends and capital gains and are net of expenses. Investment return and principal value will fluctuate so, upon redemption, shares may be worth more or less than their original cost. To obtain the most recent month end performance information and a prospectus, please call 800-GABELLI or visit www.gabelli.com.
| Symbol | Company | Sector | Portfolio |
|---|---|---|---|
| BRK/A | BERKSHIRE HATHAWAY INC | Financial Services | 2.97 |
| AME | AMETEK INC | Equipment and Supplies | 2.93 |
| AXP | AMERICAN EXPRESS CO | Financial Services | 2.78 |
| MA | MASTERCARD INC | Financial Services | 2.4 |
| DE | DEERE CO | Machinery | 2.17 |
| CW | CURTISS-WRIGHT CORP | Aviation: Parts and Services | 2.15 |
| RR/ | ROLLS-ROYCE HOLDINGS PLC | Aerospace and Defense | 2.13 |
| ORLY | O'REILLY AUTOMOTIVE INC | Automotive: Parts and Accessories | 1.86 |
| RSG | REPUBLIC SERVICES INC | Environmental Services | 1.61 |
| ROL | ROLLINS INC | Consumer Services | 1.44 |
Gross Expense Ratio
1.6% / 1.3%
Net Expense Ratio
1.3% / 1.1%
Maximum Sales Charge
0.00%
Performance returns for periods of less than one year are not annualized. Returns represent past performance and do not guarantee future results. Investment returns and the principal value of an investment will fluctuate. The Fund’s use of leverage may magnify the volatility of net asset value changes versus funds that do not employ leverage. When shares are sold, they may be worth more or less than their original cost. Current performance may be lower or higher than the performance data presented. The S&P 500 Index is an unmanaged indicator of stock market performance. The Dow Jones Industrial Average is an unmanaged index of 30 large capitalization stocks. Dividends are considered reinvested. You cannot invest directly in an index.
Total returns and average annual returns reflect changes in the NAV per share, reinvestment of distributions at NAV on the ex-dividend date, adjustments for rights offerings, spin-offs, and taxes paid on undistributed long term capital gains and are net of expenses. Since inception return is based on an initial NAV of $9.34.
Total returns and average annual returns reflect changes in closing market values on the NYSE, reinvestment of distributions, and adjustments for rights offerings, spin-offs, and taxes paid on undistributed long term capital gains. Since inception return is based on an initial offering price of $10.00.
From August 31, 1986, the date closest to the Fund’s inception for which data is available.
Investors should carefully consider the investment objectives, risks, charges, and expenses of the Fund before investing.
The gross expense ratios presented reflect the expense ratio based on common assets including / excluding distributions to Series M and Series N preferred shares that are treated as interest expense for financial reporting purposes and the net expense ratios presented reflect the expense ratio based on total assets including / excluding distributions to Series M and Series N preferred shares that are treated as interest expense for financial reporting purposes. Information regarding the Fund’s distribution policy and the most recent quarterly report, which contains a more extensive list of holdings, is available by calling 800-GABELLI (800-422-3554).
Forms 3,4, and 5 can be found here.
