Gabelli Equity:GAB

    Manage Alerts

    Overview

    As of 9/13/2024

     Share
    Price    		NAVPremium/
    Discount
    Current$5.49$5.470.37%
    52 Wk Avg$5.26$5.191.57%
    52 Wk High$5.74$5.579.03%
    52 Wk Low$4.56$4.46-2.71%
    Regular Distribution Type†Managed Distribution
    Distribution Rate10.93%
    Distribution Amount$0.1500
    Distribution FrequencyQuarterly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The Fund’s primary investment objective is to achieve long term growth of capital by investing primarily in a portfolio of equity securities consisting of common stock, preferred stock, convertible or exchangeable securities, and warrants and rights to purchase such securities selected by the Investment Adviser. Income is a secondary investment objective. Under normal market conditions, the Fund will invest at least 80% of the value of its total assets in equity securities.

    Capital Structure

    As of 9/13/2024

    Total Investment Exposure:$2,026.221M
    Total Common Assets:$1,666.728M
    Common Shares Outstanding:304,703,543
    Leverage

    As of 9/13/2024

    Preferred Share Assets:
    Total Debt (USD): $359.493M
    Regulatory Leverage (USD): $359.493M
    Effective Leverage (USD): $359.493M
    Effective Leverage (%): 17.74%
    Annual Expense Ratios

    As of 12/31/2023

      Per Common Share
    Management Fees1.00%
    Other Expenses:0.47%
    Baseline Expense: N/A
    Interest Expense:0.15%
    Total: 1.62%
    Fund Management

    Fund Sponsor
    Gabelli

    Portfolio Managers
    Christopher Marangi, Kevin V. Dreyer, Howard F. Ward, Gustavo Pifano, Jennie Tsai, Sara Wojda, Mario J. Gabelli, Ian Lapey, Robert Leininger, Daniel M. Miller, Hendi Susanto, Ashish Sinha, Joseph Gabelli, Macrae Sykes

    Basics
    Category: Equity-U.S. Equity
    Ticker: GAB
    NAV Ticker: XGABX
    Average Daily Volume (shares): 589,773
    Average Daily Volume (USD): $3.103M
    Inception Date: 8/21/1986
    Inception Share Price: $10.00
    Inception NAV: $9.35
    Tender Offer: No
    Term: No
    Fiscal Year End: December 31
    Third Party Links & Reports

    Distributions

    As of 9/13/2024

    Past performance is no guarantee of future results.
    Distribution History

    Enter declared start and end dates to display distribution history below. Income, Long Gain, Short Gain and ROC breakdowns will only be shown for the past year.

    to
    Declared Date Payable Date Ex Date Distrib Amount Income Long Gain Short Gain ROC

    *Indicates a Special Distribution: A distribution disbursed in addition to the normal distributions paid out by the company.

    Key Information Regarding Distributions†
    Avg. Earnings Per Share:
    As of 6/30/2024    		 -$0.0104
    Annualized Distribution Rate on NAV:
    As of 9/13/2024    		10.97%
    Total Return on NAV (12 months):
    As of 9/13/2024    		18.17%
    Avg. Portfolio Coupon:
    As of 9/13/2024    		 4.25%
    Total % Portfolio Effectively Leveraged:
    As of 9/13/2024     		17.74%

    Pricing Information

    Premium/Discount Information
    Past performance is no guarantee of future results.
    Premium/Discount Information

    As of 9/13/2024

    PeriodAvg Discount
    6 Month1.14%
    1 Year1.57%
    3 Year8.66%
    5 Year7.46%
    Z-Score

    As of 9/13/2024

    PeriodZStat
    3 Month-0.82
    6 Month-0.63
    1 Year-0.50
    Pricing History
     from  
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 8/31/2024
    Category: Morningstar US CEF US Equity

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD16.50%13.42%15.13%13.16%
    20233.90%14.83%15.59%17.84%
    2022-15.77%-11.17%-20.28%-16.72%
    202126.03%20.44%31.33%22.95%
    202016.02%13.25%8.80%9.76%
    201932.17%24.03%32.25%27.32%
    2018-8.70%-10.17%-11.89%-10.13%
    201725.16%24.40%22.72%19.06%
    201615.92%13.66%13.79%12.38%
    2015-8.47%-6.85%-7.45%-6.29%
    2014-7.09%4.25%24.05%7.38%
    201352.54%41.90%37.23%30.01%
    201223.79%19.21%16.19%14.79%
    2011-2.38%-1.45%  
    201024.31%27.93%  
    200962.98%45.06%  
    2008-54.68%-49.01%  
    20078.21%7.60%  
    200629.56%28.37%  
    20051.32%5.13%  
    200424.12%20.14%  
    Past performance is no guarantee of future results.
    Annualized Total Returns

    Returns for periods less than one year are cumulative rather than annualized

    As of 8/31/2024
    Category: Morningstar US CEF US Equity

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Average Coupon:
    As of 9/13/2024    		4.25%
    Number of Holdings:
    As of 6/30/2024    		669
    Annual Portfolio Turnover:
    As of 12/31/2023    		9.00%
    Asset Allocation

    As of 6/30/2024

    Top Sectors

    As of 6/30/2024

    Sector%Portfolio
    Sensitive (Super Sector)47.93%
    Cyclical (Super Sector)32.20%
    Industrials29.03%
    Defensive (Super Sector)19.02%
    Financial Services15.85%
    Consumer Defensive12.71%
    Consumer Cyclical11.93%
    Communication Services10.73%
    Healthcare5.05%
    Technology4.77%
    Top Holdings

    As of 6/30/2024

    HoldingValue% Portfolio
    Berkshire Hathaway Inc Class A$57.55M2.99%
    American Express Co$56.15M2.92%
    AMETEK Inc$53.21M2.76%
    Mastercard Inc Class A$50.97M2.65%
    Rollins Inc$45.23M2.35%
    Deere & Co$41.59M2.16%
    Republic Services Inc$38.38M1.99%
    O'Reilly Automotive Inc$35.54M1.85%
    Texas Instruments Inc$32.39M1.68%
    Curtiss-Wright Corp$28.45M1.48%
    Credit Quality

    As of 6/30/2024

    Maturity Breakdown

    As of 6/30/2024

    Country Allocation

    As of 6/30/2024

    Country% Portfolio
    United States - Equity84.47%
    United Kingdom - Equity3.70%
    France - Equity2.55%
    Switzerland - Equity1.63%
    Canada - Equity1.31%
    Mexico - Equity1.25%
    Japan - Equity1.05%
    Italy - Equity0.57%
    Denmark - Equity0.55%
    Germany - Equity0.51%
    Netherlands - Equity0.45%
    Singapore - Equity0.37%
    Ireland - Equity0.24%
    Sweden - Equity0.11%
    Spain - Equity0.09%
    Brazil - Equity0.07%
    Hong Kong - Equity0.04%
    Greece - Equity0.03%
    Poland - Equity0.03%
    Taiwan - Equity0.03%
    South Korea - Equity0.02%
    Israel - Equity0.02%
    Others - Equity0.02%
    Australia - Equity0.01%
    Hungary - Equity0.01%
    Argentina - Equity0.01%
    Belgium - Equity0.01%
    Pakistan - Equity0.00%
    China - Equity0.00%
    Czech Republic - Equity0.00%
    Austria - Equity0.00%
    Portugal - Equity0.00%
    Russia - Equity0.00%
    South Africa - Equity0.00%

    Closed-end fund historical distribution sources have included net investment income, realized gains, and return of capital. For more detailed information on the distributions of a specific fund, please visit the sponsor's website.

    NOTES:

    † Distribution type sourced from Morningstar. In general, managed distributions may be sourced from net investment income, realized gains and return of capital. CEFConnect.com does not undertake to disclose specific information about closed-end fund distribution sources. For specific information about a fund's distribution sources, visit the fund sponsor's website.

    The following information applies to closed-end funds in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

    E-2949862P-E0623W

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