Gabelli Enterprise Mergers and Acquisitions Fund (EMACX)
| Fund Assets | 52.98M |
| Expense Ratio | 2.62% |
| Min. Investment | $1,000 |
| Turnover | 125.00% |
| Dividend (ttm) | 0.32 |
| Dividend Yield | 2.25% |
| Dividend Growth | 12.21% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 27, 2024 |
| Previous Close | 14.43 |
| YTD Return | 13.25% |
| 1-Year Return | 14.70% |
| 5-Year Return | 30.77% |
| 52-Week Low | 11.90 |
| 52-Week High | 14.43 |
| Beta (5Y) | 0.48 |
| Holdings | 202 |
| Inception Date | Feb 28, 2001 |
About EMACX
Gabelli Enterprise Mergers & Acquisitions Fund Class C is a specialized mutual fund that focuses on event-driven investment strategies, with its primary objective being capital appreciation. The fund targets equity securities of companies believed to be likely takeover or acquisition candidates within a 12 to 18-month time frame. By combining traditional risk arbitrage techniques with a buy-and-hold approach, the fund seeks to capitalize on the price spreads that arise from pending or announced corporate transactions, such as mergers, takeovers, tender offers, leveraged buyouts, spin-offs, and liquidations. This approach involves assessing deal-specific risks and timelines, aiming to benefit from the potential value realization upon the successful completion of these corporate events. Managed by experienced professionals with deep roots in the merger arbitrage field, the fund may also invest in foreign securities and companies across different market capitalizations, navigating a unique segment of the financial market that centers on corporate restructuring and M&A activity.
Performance
EMACX had a total return of 14.70% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.72%.
Top 10 Holdings
28.42% of assets| Name | Symbol | Weight |
|---|---|---|
| Fox Corporation | FOX | 4.69% |
| Vulcan Materials Company | VMC | 4.48% |
| Myers Industries, Inc. | MYE | 3.19% |
| United States Cellular Corp | USM | 2.91% |
| Springworks Therapeutics, Inc. | SWTX | 2.37% |
| Millicom International Cellular S.A. | TIGO | 2.31% |
| Atlanta Braves Holdings, Inc. | BATRA | 2.19% |
| FARO Technologies, Inc. | FARO | 2.13% |
| TXNM Energy, Inc. | TXNM | 2.10% |
| Endesa SA | ELE | 2.05% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 27, 2024 | $0.3236 | Dec 27, 2024 |
| Dec 27, 2023 | $0.2884 | Dec 27, 2023 |
| Dec 28, 2022 | $0.0774 | Dec 28, 2022 |
| Dec 27, 2019 | $0.2753 | Dec 27, 2019 |
| Dec 27, 2018 | $0.680 | Dec 27, 2018 |
| Dec 27, 2017 | $0.1939 | Dec 27, 2017 |