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.
Long-term, Fundamental Value Investing: The Fund focuses on companies with strong financial positions and competent management teams that operate like long-term owners. The Fund’s turnover is low, and it is relatively tax efficient (no capital gain distributions since inception).
Exposure to Global Markets: The Fund provides access to a diverse range of opportunities both in and out of the United States, primarily focusing on companies with attractive long term business outlooks whose common stocks appear to be undervalued.
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.
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 |
|---|---|---|---|
| FCNCA | FIRST CITIZENS BANCSHARES INC/NC | Banks | 4.26 |
| ELF | E-L FINANCIAL CORP LTD | Insurance | 3.92 |
| TM | TOYOTA MOTOR CORP | Automobiles | 3.83 |
| CBK | COMMERZBANK AG | Banks | 3.71 |
| BK | BANK OF NEW YORK MELLON CORP/THE | Financial Services | 3.32 |
| CVCO | CAVCO INDUSTRIES INC | Homebuilders | 2.99 |
| COF | CAPITAL ONE FINANCIAL CORP | Consumer Finance | 2.86 |
| STAN | STANDARD CHARTERED PLC | Banks | 2.81 |
| FAF | FIRST AMERICAN FINANCIAL CORP | Insurance | 2.71 |
| TRST | TRUSTCO BANK CORP NY | Banks | 2.53 |
Gross Expense Ratio
1.71%
Net Expense Ratio
1.25%
Maximum Sales Charge
5.75%
The top ten holdings and sectors listed are not necessarily representative of the entire portfolio and are subject to change. The most recent semiannual report, which contains a more extensive list of holdings, is available from your financial adviser or by contacting the distributor, G. distributors, LLC.
The Fund’s share price will fluctuate with changes in the market value of the Fund’s portfolio securities. Stocks are subject to market, economic and business risks that cause their prices to fluctuate. When you sell Fund shares, they may be worth less than what you paid for them. Consequently, you can lose money by investing in the Fund.
Investors should carefully consider the investment objectives, risks, charges, and expenses of the Fund before investing. The prospectus, which contains more complete information about these and other matters, should be read carefully before investing. To obtain a prospectus, please call 800-GABELLI or visit www.gabelli.com.
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.
Performance for periods less than one year is not annualized. Class A Shares (load adjusted) includes the effect of the maximum 5.75% sales charge at the beginning of the period. Class C Shares (load adjusted) includes the effect of the applicable 1% contingent deferred sales charge for shares redeemed up to and including the last day of the twelfth month after purchase. The Fund imposes a 2% redemption fee on shares sold or exchanged in seven days or less after the date of purchase. The S&P 500 Index and the MSCI World Financials index are unmanaged indicators of stock market performance, their returns do not reflect any fees, expenses, or sales charges, and they are not available for direct deposit.
Funds concentrating in specific sectors may experience greater fluctuations in value than funds that are more diversified. Investing in foreign securities involves risks not ordinarily associated with investments in domestic issues including currency fluctuations, economic and political risks. Not FDIC Insured. Not Bank Guaranteed. May Lose Value.
The Gabelli Mutual Funds are distributed by G.Distributors, LLC., a registered broker-dealer and member of FINRA.
