Seeks to Capitalize on Event-Driven Opportunities for Consistent Returns
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The Gabelli ABC Fund employs a strategy focused on arbitrage opportunities, specifically targeting event-driven situations such as announced mergers, spin-offs, split-ups, liquidations, and reorganizations. In addition to its event-driven focus, the Fund may invest in value-oriented common stocks and convertible securities, particularly those associated with mergers or acquisitions. The strategy aims to capture the “spread” between the market price of a security and its expected value upon the consummation of the deal. These spreads reflect the inherent risks of each transaction, as well as the anticipated timing of deal closure. The Fund’s disciplined approach to identifying and executing on these arbitrage opportunities is designed to deliver consistent returns while managing risk across various market environments.
The Fund’s investment objective is to achieve total returns that are attractive to investors in various market conditions without excessive risk of capital loss.
Exposure to Merger Arbitrage: Global mergers and acquisitions (M&A) activity totaled $3.2 trillion in 2024, a 10% increase compared to 2023. This fund seeks to capture the deals with the highest intrinsic value while still managing risk across various market environments.
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.
Dedicated Leadership: Managed since inception in 1993 by Mario Gabelli, CFA, veteran portfolio manager 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.
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Gross Expense Ratio
0.77%
Net Expense Ratio
0.77%
Maximum Sales Charge
0.00%
