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 Founder, Chairman and Co-Chief Executive Officer of GAMCO Investors, Inc. Mario has an M.B.A. from Columbia Business School, is a summa cum laude graduate of Fordham University with a B.S. in Accounting and is a Chartered Financial Analyst. He has honorary doctorates from Fordham University and Roger Williams University…. 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
Mr. Gabelli has served as Vice President & Portfolio Manager at GAMCO Investors since 2018. He specializes in small and micro-cap opportunities, serving as the Portfolio Manager of the Keeley Small Cap Fund and as a member of teams managing separately managed accounts, the Teton Westwood Mighty Mites Fund, Comstock Funds, and the Gabelli Equity… 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.
| Symbol | Company | Portfolio |
|---|---|---|
| AME | AMETEK INC | 3.10% |
| BRK/A | BERKSHIRE HATHAWAY INC | 2.80% |
| CW | CURTISS-WRIGHT CORP | 2.60% |
| DE | DEERE & CO | 2.60% |
| AXP | AMERICAN EXPRESS CO | 2.20% |
| MA | MASTERCARD INC | 2.10% |
| RR/ | ROLLS-ROYCE HOLDINGS PLC | 2.00% |
| ORLY | O'REILLY AUTOMOTIVE INC | 1.80% |
| RSG | REPUBLIC SERVICES INC | 1.60% |
| TXN | TEXAS INSTRUMENTS INC | 1.60% |
Gross Expense Ratio
1.6% / 1.3%
Net Expense Ratio
1.3% / 1.1%
Maximum Sales Charge
0.00%
Stay informed with the latest news, insightful research, and expert perspectives tailored for forward-thinking investors straight from our Gabelli research desks.
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.
