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
1.44%
Net Expense Ratio
1.04%
Maximum Sales Charge
0.00%
