Seeks to Capture Value from Strategic Corporate Transactions and M&A Opportunities
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The Gabelli Enterprise Mergers and Acquisitions Fund strategy combines traditional risk arbitrage techniques with a buy-and-hold strategy for companies likely to be targeted in takeovers within the next 12 to 18 months. The Fund focuses on arbitrage opportunities by investing in equity securities of 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 the 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. Through a disciplined approach, the Fund navigates the complexities of corporate transactions.
The primary investment objective of the Fund is capital appreciation.
Gaining Spreads on Event-Driven Situations: Leveraging our core competencies in the merger arbitrage space, we apply independent thinking and private valuations to announced deals.
Exposure to Merger Arbitrage: This fund seeks to invest in companies positioned to be targeted for takeover in the near future.
Dedicated Leadership: Managed since inception in 2001 by Mario Gabelli, CFA, veteran portfolio manager and CIO of Value, who is deeply embedded within the merger arbitrage space and has over 60 years of investment management experience.
Mario J. Gabelli 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 University…. 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.
| Symbol | Company | Sector | Portfolio |
|---|---|---|---|
| FOX | FOX CORP | Communication Services | 2,466,828.00 |
| VMC | VULCAN MATERIALS CO | Materials | 2,053,040.00 |
| ITCI | INTRA-CELLULAR THERAPIES INC | Health Care | 1,846,880.00 |
| USM | UNITED STATES CELLULAR CORP | Communication Services | 1,555,875.00 |
| MYE | MYERS INDUSTRIES INC | Materials | 1,312,300.00 |
| SRDX | SURMODICS INC | Health Care | 1,028,861.00 |
| TGNA | TEGNA INC | Communication Services | 1,005,744.00 |
| TIGO | MILLICOM INTERNATIONAL CELLULAR SA | Communication Services | 1,004,964.00 |
| TXNM | TXNM ENERGY INC | Utilities | 989,380.00 |
| AGI | ALAMOS GOLD INC | Materials | 976,010.00 |
Gross Expense Ratio
2.62%
Net Expense Ratio
2.62%
Maximum Sales Charge
1.00%
The top ten holdings and sectors 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.
Standard deviation is a statistical measure of the volatility of a fund’s returns. Beta measures a fund’s risk relative to its Index which, by definition, has a beta of 1.00. If a fund’s beta is less than 1.00, the fund is considered less risky than the market. Alpha is a measure of a fund’s actual returns and expected performance, given its level of risk (as measured by beta). Upside/downside capture ratio show you whether a given fund has outperformed, gained more or less than, a broad market benchmark during periods of market strength and weakness, and if so, by how much. R-squared is a statistic that indicates how much of a fund’s fluctuations were attributable to movements of the fund’s benchmark index.
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. 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 February 28, 2001. The Class AAA Shares inception date is March 1, 2010. Performance for periods less than one year is not annualized. The historical performance of Class A Shares is used to calculate performance for the Class AAA Shares prior to its inception date. 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 and including the last day of the twelfth month after purchase. Class Y Shares are available only to certain types of investors purchasing $1,000,000 or more with certain exceptions. See prospectus for details. The Fund imposes a 2% redemption fee on shares sold or exchanged in seven or less after the date of purchase. The S&P 500 Index is an unmanaged indicator of stock market performance, it’s returns do not reflect any fees, expenses, or sales charges, and it is not available for direct deposit.
The Fund may invest in foreign securities. Investing in foreign securities involves risks not ordinarily associated with investment in domestic issues including currency fluctuations, economic and political risks. The Fund may invest in small and mid capitalization securities. Small capitalization stocks are subject to significant price fluctuations and business risks. The stocks of smaller companies may trade less frequently and experience more abrupt price movements than stocks of larger companies; therefore, investing in this sector involves special challenges. The Gabelli Enterprise Mergers and Acquisitions Fund is a non-diversified fund, which means that it can invest in a limited number of issuers.
The Fund may use 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.
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.
