Fund seeks to invest in current or potential Merger Arbitrage Opportunities to Capture Value from Corporate Transformations
XXXXXXXXX
The Gabelli Comstock Capital Value Fund focuses primarily on companies that are currently involved in a merger arbitration deal or have closed recently. The Fund focuses on arbitrage opportunities by investing in companies involved in publicly announced mergers, takeovers, tender offers, leveraged buyouts, spin-offs, liquidations, and other corporate reorganizations. The strategy aims to capture the “spread” between the market price of security and its expected value upon deal consummation. These spreads reflect the risks inherent in each transaction, including deal uncertainty and the anticipated timeline for closure. The Fund invests in equity and debt securities, money market instruments and derivatives.
The Fund seeks to maximize total return, consisting of capital appreciation and current income.
Exposure to Merger Arbitrage: This fund seeks to capture the deals with the highest intrinsic value while still managing risk across various market environments.
Strategic Flexibility: The Fund’s ability to invest across a wide range of asset classes—including equities, debt, money markets, and derivatives—allows it to quickly adapt to market changes, enhancing its potential for strong, risk-adjusted returns.
Experienced Leadership: Actively managed by our dedicated team of four Co-portfolio managers with extensive background in the M&A space. The investment team is backed by our team of 33 research analysts reporting across sectors, this Fund leverages best ideas, attractive and up-to-date valuations, and shifting industry dynamics that give insight into current or potential deals.
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
wbrucker@gabelli.com (914) 921-7760
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.
| Symbol | Company | Sector | Portfolio |
|---|---|---|---|
| K | KELLANOVA | Consumer Staples | 412,450.00 |
| ITCI | INTRA-CELLULAR THERAPIES INC | Health Care | 395,760.00 |
| B | UNITED STATES TREASURY BILL | Industrials | 372,758.13 |
| BECN | BEACON ROOFING SUPPLY INC | Industrials | 309,250.00 |
| FYBR | FRONTIER COMMUNICATIONS PARENT INC | Communication Services | 295,845.00 |
| FNA | PARAGON 28 INC | Health Care | 261,200.00 |
| B | UNITED STATES TREASURY BILL | Industrials | 253,680.87 |
| B | UNITED STATES TREASURY BILL | Industrials | 243,329.27 |
| JNPR | JUNIPER NETWORKS INC | Information Technology | 235,235.00 |
| AMED | AMEDISYS INC | Health Care | 231,575.00 |
Gross Expense Ratio
6.11%
Net Expense Ratio
0.01%
Maximum Sales Charge
1.00%
The top ten holdings listed are not necessarily representative of the entire portfolio and are subject to change. The most recent semiannual report, which contains a more extensive list of holdings, is available from your financial adviser or by contacting the distributor, G. distributors, LLC.
The Fund’s share price will fluctuate with changes in the market value of the Fund’s portfolio securities. Stocks are subject to market, economic and business risks that cause their prices to fluctuate. When you sell Fund shares, they may be worth less than what you paid for them. Consequently, you can lose money by investing in the Fund.
Investors should carefully consider the investment objectives, risks, charges, and expenses of the Fund before investing. The prospectus, which contains more complete information about these and other matters, should be read carefully before investing. To obtain a prospectus, please call 800-GABELLI or visit www.gabelli.com.
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.
The inception date of the Fund was October 10, 1985. The Class A Shares’ net asset values are used to calculate performance for the periods prior to the issuance of Class AAA Shares on December 8, 2008 and Class C Shares on August 22, 2001. The actual performance for Class C Shares would have been lower due to the additional expenses associated with these classes of shares. Performance for periods less than one year is not annualized. Class A Shares (load adjusted) includes the effect of the maximum 5.75% sales charge at the beginning of the period. Class C Shares (load adjusted) includes the effect of the applicable 1% contingent deferred sales charge for shares redeemed up to an including the last day of the twelfth month after purchase. Purchases over $1 million are not subject to a sales charge but may be subject to a 1% redemption fee. In the case of C Shares, performance does not reflect higher service and distribution fees and certain administrative expenses borne by Class C Shares prior to their introduction, which if reflected, would reduce the total return presented. The Fund imposes a 2% redemption fee on shares sold or exchanged in seven days or less after the date of purchase. The S&P 500 Index is an unmanaged indicator of stock market performance, returns do not reflect any fees, expenses, or sales charges, and it is not available for direct deposit.
This Fund utilizes derivatives. Use of derivatives pose special risks and may not be suitable for certain investors. Derivatives may be riskier than other types of investments because they may respond more to changes in economic conditions than other investments. Gabelli Funds, LLC became the investment adviser on May 23, 2000.
Not FDIC Insured. Not Bank Guaranteed. May Lose Value.
The Gabelli Mutual Funds are distributed by G.Distributors, LLC., a registered broker-dealer and member of FINRA.
