Invests Primarily in Legacy Media Companies Previously Managed or Developed by John C. Malone
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The Gabelli Media Mogul Fund invests in the universe of securities related to Dr. John C. Malone . Since 2001, Malone’s Liberty Media has engaged in a series of spin offs, splits offs, mergers and tracking stock issuances, providing an investable universe of nearly $500 billion. The Fund focuses on the securities of companies which appear underpriced relative to their Private Market Value (PMV), with a specific Catalyst™ to unlock that value.
The Fund seeks to provide capital appreciation.
Dedicated Leadership: Actively managed by our Co-CIO of Value who has over 29 years of industry experience, with a particular focus on the media sector.
Deep and Disciplined: The Fund utilizes our Private Market Value with a Catalyst™ approach to determine the price a strategic buyer would be willing to pay for the entire company and potential catalysts, such as buyouts or management changes, that could surface the unlocked value of the company.
Focused Media Industry Exposure: This Fund targets firms at the forefront of entertainment, information, and advertising, offering focused exposure to the rapidly evolving media landscape.
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
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 |
|---|---|---|---|
| BATRK | ATLANTA BRAVES HOLDINGS INC | Communication Services | 600,150.00 |
| FWONA | LIBERTY MEDIA CORP-LIBERTY FORMULA ONE | Communication Services | 366,615.00 |
| LBRDK | LIBERTY BROADBAND CORP | Communication Services | 297,675.00 |
| LLYVK | LIBERTY MEDIA CORP-LIBERTY LIVE | 286,188.00 | |
| WBD | WARNER BROS DISCOVERY INC | Communication Services | 252,155.00 |
| SUNN | SUNRISE COMMUNICATIONS AG | 193,059.79 | |
| LYV | LIVE NATION ENTERTAINMENT INC | Communication Services | 189,341.00 |
| MSGS | MADISON SQUARE GARDEN SPORTS CORP | Communication Services | 175,248.00 |
| CMCSA | COMCAST CORP | Communication Services | 169,740.00 |
| SIRI | SIRIUS XM HOLDINGS INC | Communication Services | 169,087.50 |
Gross Expense Ratio
5.81%
Net Expense Ratio
1.16%
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 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.
Following the close of business on March 31, 2019, the Fund acquired all of the assets, subject to liabilities, of the Gabelli Media Mogul NextShares ( the “Predecessor Fund”) through a tax-free reorganization. The Fund is newly created from the reorganization of the Gabelli Media Mogul Nextshares, which has the same investment objective and substantially similar investment strategies and policies as the Predecessor Fund.
The Fund imposes a 2% redemption fee on shares sold or exchanged in seven or less after the date of purchase. The S&P 500 Index is an unmanaged indicator of stock market performance, its returns do not reflect any fees, expenses, or sales charges, and it is not available for direct deposit. The S&P 500 Index is an unmanaged indicator of stock market performance, its returns do not reflect any fees, expenses, or sales charges, and it is not available for direct deposit.
The Fund invests a significant portion of its assets in companies in the telecommunications, media, publishing, and entertainment industries and, as a result, the value of the Fund’s shares is more susceptible to factors affecting those particular types of companies and those industries, including governmental regulation, a greater price volatility than the overall market, rapid obsolescence of products and services, intense competition, and strong market reactions to technological developments. As a consequence of its concentration policy, the Fund’s investments may be subject to greater risk and market fluctuation than a fund that has securities representing a broader range of alternatives.
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.
