Gabelli Enterprise Mergers and Acquisitions Fund (EMAAX)
| Fund Assets | 53.55M |
| Expense Ratio | 1.87% |
| Min. Investment | $1,000 |
| Turnover | 125.00% |
| Dividend (ttm) | 0.48 |
| Dividend Yield | 2.74% |
| Dividend Growth | 43.66% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 27, 2024 |
| Previous Close | 16.59 |
| YTD Return | 12.28% |
| 1-Year Return | 9.28% |
| 5-Year Return | 28.83% |
| 52-Week Low | 13.71 |
| 52-Week High | 16.85 |
| Beta (5Y) | n/a |
| Holdings | 200 |
| Inception Date | Feb 28, 2001 |
About EMAAX
Gabelli Enterprise Mergers and Acquisitions Fund Class A is a mutual fund designed to capture capital appreciation through event-driven investing, with a particular emphasis on merger arbitrage. The fund primarily targets equity securities of companies involved in publicly announced mergers, takeovers, tender offers, leveraged buyouts, spin-offs, liquidations, and other corporate reorganizations. Its strategy combines traditional risk arbitrage with select buy-and-hold positions in companies deemed likely takeover targets over the next 12 to 18 months. By seeking to benefit from price discrepancies—known as spreads—between a target company's current market price and its acquisition price, the fund navigates the unique risks and timelines inherent in these transactions. Managed since 2001 by Mario Gabelli, a seasoned industry veteran, the fund may also invest in foreign securities and companies of varying capitalizations, expanding its exposure to global corporate activity. As a non-diversified fund, it can concentrate its holdings to capitalize on compelling opportunities arising from strategic business events, playing a specialized role in the broader financial market by focusing on event-driven value creation.
Performance
EMAAX had a total return of 9.28% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.21%.
Top 10 Holdings
31.36% of assets| Name | Symbol | Weight |
|---|---|---|
| United States Treasury Bills 4.28885% | B.0 10.23.25 | 5.13% |
| Vulcan Materials Company | VMC | 4.63% |
| Fox Corporation | FOX | 4.41% |
| Myers Industries, Inc. | MYE | 3.15% |
| United States Treasury Bills 4.27726% | B.0 10.02.25 | 3.01% |
| Array Digital Infrastructure, Inc. | AD | 2.38% |
| Surmodics, Inc. | SRDX | 2.28% |
| Millicom International Cellular S.A. | TIGO | 2.24% |
| TXNM Energy, Inc. | TXNM | 2.08% |
| Atlanta Braves Holdings, Inc. | BATRA | 2.05% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 27, 2024 | $0.4761 | Dec 27, 2024 |
| Dec 27, 2023 | $0.3314 | Dec 27, 2023 |
| Dec 28, 2022 | $0.0883 | Dec 28, 2022 |
| Dec 27, 2019 | $0.2753 | Dec 27, 2019 |
| Dec 27, 2018 | $0.7169 | Dec 27, 2018 |
| Dec 27, 2017 | $0.1939 | Dec 27, 2017 |