Gabelli Funds is proud to announce our participation as an Official Associate Partner of the Farnborough International Airshow, taking place from July 22-26 in Farnborough, England. This biennial event, known for its significant aircraft displays and cutting-edge industry exhibitions, is a key gathering for the aerospace and defense sectors. Gabelli Funds Portfolio Manager LtCol Anthony (Tony) Bancroft, USMCR, will be present at the show along with our teammates, and we warmly invite those interested in joining us to get in touch and connect during the event.
As a core research competency of our firm, Gabelli Funds has been an active investor in the aerospace sector since 1977. This autumn, we will host our 30th Annual Aerospace & Defense Symposium in New York City. In 2023, we launched the Gabelli Commercial Aerospace & Defense ETF(NYSE:GCAD), an actively managed ETF focused on aerospace and defense companies, including manufacturers, assemblers, distributors of aircraft and parts, and defense equipment producers. We anticipate ongoing opportunities for attractive investments within the sector, driven by the long-term growth forecasts for global air travel and increasing defense budgets worldwide.
Contact:
Tony Bancroft
Gustavo Pifano
Important Disclosures
Gabelli Funds, LLC is a registered investment adviser with the U.S. Securities and Exchange Commission. Gabelli Funds provides discretionary investment advisory services primarily to open and closed-end investment companies. Gabelli Funds is a wholly owned subsidiary of GAMCO Investors, Inc. (“GAMCO Investors”), a Delaware corporation whose stock is traded on OTC Markets (OTCQX:GAMI).
Actively managed ETFs are different from traditional ETFs. Unlike traditional ETFs, an actively managed ETF will not tell the public what assets they hold each day. This may create additional risks for your investment. For example:
- You may have to pay more money to trade the ETF’s shares. This ETF will provide less information to traders, who tend to charge more for trades when they have less information.
- The price you pay to buy ETF shares on an exchange may not match the value of the ETF’s portfolio. The same is true when you sell shares. These price differences may be greater for this ETF compared to other ETFs because it provides less information to traders.
- These additional risks may be even greater in bad or uncertain market conditions.
The differences between this ETF and other ETFs may also have advantages. By keeping certain information about the ETF secret, this ETF may face less risk that other traders can predict or copy its investment strategy. This may improve the ETF’s performance. If other traders are able to copy or predict an ETF’s investment strategy, however, this may hurt the ETF’s performance. For additional information regarding the unique attributes and risks of this ETF, see the “Non-Transparent Exchange-Traded Fund (“ETF”) Structure Risk,” “Early Close/Trading Halt Risk” and “Authorized Participant and AP Representative Concentration Risk” in the “Principal Risks” section of the Prospectus.
Exchange traded Funds (ETFs) are bought and sold through exchanges trading at market price (not NAV) and are not individually redeemed from the fund. Shares may trade at a premium or a discount to their NAV in the secondary market. There is no guarantee the investment strategy will be successful. Investing involves risk including the possible loss of principal.
Premiums or discounts are the differences (expressed as a percentage) between the NAV and market price of an ETF on a given day, generally at the time the NAV is calculated. A premium is the amount an ETF is trading above the reported NAV, expressed as a percentage of the NAV. A discount is the amount an ETF is trading below the reported NAV, expressed as a percentage of the NAV. The prospectus / registration statement shows the frequency of distributions of premiums and discounts for this ETF for the most recently completed fiscal calendar year and the first quarter of the current fiscal year.
The information in this communication is not intended to be a forecast of future events, a guarantee of future results, or investments advice. This communication is not an offer to sell any security nor is it a solicitation of an offer to buy any security.
Investors should carefully consider the investment objectives, risks, charges and expenses of the Fund before investing. The prospectus, which contains more complete information about this and other matters, should be read carefully before investing. To obtain a prospectus, please call +1 800-GABELLI or visit www.gabelli.com
