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.
Macrae Sykes is a portfolio manager of the Gabelli Equity Trust (GAB) and for individual separately managed accounts. He is the sole portfolio manager for the Gabelli Financial Services Opportunities ETF, an active, transparent fund listed on the NYSE (GABF). Mac joined the firm in 2008 as an analyst focused on financial services. Macrae was… More
Howard F. Ward, CFA 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… 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 | Financial Services | 2.97 |
| AME | AMETEK INC | Equipment and Supplies | 2.93 |
| AXP | AMERICAN EXPRESS CO | Financial Services | 2.78 |
| MA | MASTERCARD INC | Financial Services | 2.4 |
| DE | DEERE CO | Machinery | 2.17 |
| CW | CURTISS-WRIGHT CORP | Aviation: Parts and Services | 2.15 |
| RR/ | ROLLS-ROYCE HOLDINGS PLC | Aerospace and Defense | 2.13 |
| ORLY | O'REILLY AUTOMOTIVE INC | Automotive: Parts and Accessories | 1.86 |
| RSG | REPUBLIC SERVICES INC | Environmental Services | 1.61 |
| ROL | ROLLINS INC | Consumer Services | 1.44 |
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.
