Investing in Undervalued Opportunities for Long-Term Investors
Fund Total Net Assets as of 05/31/2025
$1.92B
NAV as of 05/30/2025
$5.32
Index
S&P 500 Index; Dow Jones Industrial Average
Investment Category
US All Cap Value
Inception Date
08/21/1986
YTD Return as of 05/30/2025
10.050%
Total Net Assets
XXXXXXXXX
Market Price as of 05/30/2025
$5.76
1 Day NAV Change
-0.173%
Dividends Paid
Quarterly
Minimum Initial Investment
N/A
Description of Strategy
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 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.
Investment Objective
The Fund’s primary investment objective is long-term growth of capital, with income as a secondary objective.
Why Invest
Our Team: Led by Portfolio Manager and CIO, Mario Gabelli, CFA, along with management support from over 13 experienced portfolio managers.
Research Driven: With more than 33 research analysts reporting across sectors, this Fund leverages best ideas, attractive and up to date valuations, and shifting industry dynamics to create reliable income potential and long-term growth.
Investment Team
Portfolio Managers
Mario J. Gabelli
39 years managing this fund
Leadership, Portfolio Managers
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
Howard F. Ward
5 years managing this fund
CIO, Growth
Howard F. Ward is GAMCOs Chief Investment Officer of Growth Equities, Portfolio Manager for the GAMCO Growth Fund and Co-Portfolio Manager of the GAMCO Global Growth Fund. Howard joined GAMCO Investors, Inc. in 1995 as Senior Vice President and Portfolio Manager of the GAMCO Growth Fund. In 2004 he was named Director of Growth Products…. More
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. Visit www.gabelli.com for performance information as of the most recent month end. 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.