Seeks Long-Term Growth of Capital
XXXXXXXXX
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.
Dan is Executive Vice President of Gabelli Funds, lead portfolio manager of the Gabelli Focused Growth & Income Fund and the Gabelli Pet Parents Fund, a portfolio manager on the Gabelli Equity Trust and Gabelli Dividend and Income Trust, and manages institutional separate accounts. He is a Managing Director of GAMCO Asset Management, having joined… More
Mr. Marangi joined GAMCO in 2003 as a research analyst covering companies in the Cable, Satellite and Entertainment sectors. He began his career as an investment banking analyst with J. P. Morgan & Co and later joined private equity firm Wellspring Capital Management. Mr. Marangi has appeared on Bloomberg television and radio and has… More
Robert D. Leininger, CFA, is Portfolio Manager of the Gabelli Dividend and Income Trust Inc. (NYSE:GDV). Mr. Leininger initially joined GAMCO in 1993 as a security analyst covering the beverage industry after earning his MBA from the Wharton School at the University of Pennsylvania. In 1997, Mr. Leininger moved to Rorer Asset Management LLC in… 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
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
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
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.
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.
| Symbol | Company | Sector | Portfolio |
|---|---|---|---|
| BRK/A | BERKSHIRE HATHAWAY INC | Financials | 3.108478039 |
| AXP | AMERICAN EXPRESS CO | Financials | 2.808036828 |
| DE | DEERE & CO | Industrials | 2.554658483 |
| RSG | REPUBLIC SERVICES INC | Industrials | 2.130589695 |
| ROL | ROLLINS INC | Industrials | 2.014682279 |
| CW | CURTISS-WRIGHT CORP | Industrials | 2.011074217 |
| ORLY | O'REILLY AUTOMOTIVE INC | Consumer Discretionary | 1.972400381 |
| TXN | TEXAS INSTRUMENTS INC | Information Technology | 1.803043655 |
| CR | CRANE CO | Industrials | 1.451261658 |
| COST | COSTCO WHOLESALE CORP | Consumer Staples | 1.343278162 |
Gross Expense Ratio
1.6% / 1.3%
Net Expense Ratio
1.3% / 1.1%
Maximum Sales Charge
0.00%
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.
