Seeks to Unlock Value in the Global Financial Services Sector through a Quality and Disciplined Investment Process
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The Gabelli Global Financial Services Fund’s strategy is investing primarily in the common stocks of companies within the financial services sector. The Fund aims to identify and purchase stocks trading at a discount to their private market value (PMV), our management team looks to invest in high-quality companies that demonstrate strong management and solid financial fundamentals. While the primary focus is on equity investments, the Fund may also allocate to debt securities, though typically only when they offer returns comparable to those of equity investments.
The Fund seeks to provide capital appreciation.
Dedicated Leadership: Managed since the Fund’s inception in 2018, the portfolio manager has over 27 years of industry experience, with a particular focus on the financial services sector. This deep expertise allows for a thorough understanding of financial cycles, trends, and key factors creating value in the industry.
AI Adoption: As technology and AI evolve, financial firms will begin to leverage these new technologies for data aggregation, client engagement, and early identification of market trends, positioning the sector for long-term success.
Exposure to Global Markets: This fund provides access to a diverse range of opportunities both in and out of the United States, primarily focusing on companies poised to benefit from secular growth trends and innovation.
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 | Sector | Portfolio |
|---|---|---|---|
| FAF | FIRST AMERICAN FINANCIAL CORP | Financials | 2,021,075.85 |
| BK | BANK OF NEW YORK MELLON CORP/THE | Financials | 1,954,171.00 |
| FCNCA | FIRST CITIZENS BANCSHARES INC/NC | Financials | 1,883,785.92 |
| CBK | COMMERZBANK AG | 1,859,338.60 | |
| B | UNITED STATES TREASURY BILL | Industrials | 1,854,327.53 |
| COF | CAPITAL ONE FINANCIAL CORP | Financials | 1,848,583.00 |
| CVCO | CAVCO INDUSTRIES INC | Consumer Discretionary | 1,766,742.00 |
| TRST | TRUSTCO BANK CORP NY | Financials | 1,646,072.40 |
| STAN | STANDARD CHARTERED PLC | 1,636,807.43 | |
| ELF | E-L FINANCIAL CORP LTD | Consumer Staples | 1,545,416.07 |
Gross Expense Ratio
2.79%
Net Expense Ratio
2.00%
Maximum Sales Charge
0.00%
