Gabelli Multimedia:GGT

    Manage Alerts

    Overview

    As of 5/29/2024

     Share
    Price
    NAVPremium/
    Discount
    Current$5.61$3.4463.08%
    52 Wk Avg$5.79$3.7156.23%
    52 Wk High$7.00$4.2784.91%
    52 Wk Low$4.32$3.1028.99%
    Regular Distribution TypeIncome Only
    Distribution Rate15.69%
    Distribution Amount$0.2200
    Distribution FrequencyQuarterly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The primary objective is to achieve long-term capital growth through investment in global multimedia stocks, with income growth as a secondary objective. The Fund seeks opportunities for long-term growth by investing in the global telecommunications, media, publishing and entertainment industries. Also the Fund will invest in companies participating in emerging technological advances in interactive services and products.

    Capital Structure

    As of 5/29/2024

    Total Investment Exposure:$176.200M
    Total Common Assets:$96.574M
    Common Shares Outstanding:28,073,830
    Leverage

    As of 5/29/2024

    Preferred Share Assets: $79.626M
    Total Debt (USD):
    Regulatory Leverage (USD): $79.626M
    Effective Leverage (USD): $79.626M
    Effective Leverage (%): 45.19%
    Annual Expense Ratios

    As of 12/31/2023

      Per Common Share
    Management Fees1.00%
    Other Expenses:1.41%
    Baseline Expense: N/A
    Interest Expense:0.00%
    Total: 2.41%
    Fund Management

    Fund Sponsor
    Gabelli

    Portfolio Managers
    Christopher Marangi, Mario J. Gabelli

    Basics
    Category: Equity-Sector Equity
    Ticker: GGT
    NAV Ticker: XGGTX
    Average Daily Volume (shares): 56,143
    Average Daily Volume (USD): $0.324M
    Inception Date: 11/15/1994
    Inception Share Price: $7.50
    Inception NAV: $7.50
    Tender Offer: No
    Term: No
    Fiscal Year End: December 31
    Third Party Links & Reports

    Distributions

    As of 5/29/2024

    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.

    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 12/31/2023
    -$0.0525
    Annualized Distribution Rate on NAV:
    As of 5/29/2024
    25.58%
    Total Return on NAV (12 months):
    As of 5/29/2024
    -5.06%
    Total % Portfolio Effectively Leveraged:
    As of 5/29/2024
    45.19%

    Pricing Information

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

    As of 5/30/2024

    PeriodAvg Discount
    6 Month54.92%
    1 Year56.23%
    3 Year37.43%
    5 Year24.14%
    Z-Score

    As of 5/29/2024

    PeriodZStat
    3 Month0.76
    6 Month1.02
    1 Year0.67
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 4/30/2024
    Category: Morningstar US CEF Sector Equity

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD0.22%-7.39%4.85%2.37%
    202323.60%20.26%4.81%6.23%
    2022-30.31%-43.71%-10.73%-7.15%
    202119.78%11.78%22.39%17.58%
    202013.91%18.58%5.15%5.71%
    201926.79%25.86%26.64%22.38%
    2018-15.09%-16.54%-12.35%-9.96%
    201740.46%26.50%18.18%12.88%
    20168.06%7.59%17.45%14.67%
    2015-16.33%-5.57%-15.98%-12.75%
    2014-10.55%-0.25%5.16%4.65%
    201373.70%45.77%16.34%17.44%
    201240.63%21.67%12.53%11.75%
    2011-14.48%-9.48%  
    201034.30%28.18%  
    200948.54%42.59%  
    2008-62.69%-60.00%  
    200711.23%7.29%  
    200628.06%25.92%  
    20050.74%0.83%  
    200417.75%16.19%  
    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 4/30/2024
    Category: Morningstar US CEF Sector Equity

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Number of Holdings:
    As of 12/31/2023
    222
    Annual Portfolio Turnover:
    As of 12/31/2023
    19.00%
    Asset Allocation

    As of 12/31/2023

    Top Sectors

    As of 12/31/2023

    Sector%Portfolio
    Sensitive (Super Sector)77.60%
    Communication Services63.28%
    Cyclical (Super Sector)13.82%
    Technology13.34%
    Consumer Cyclical7.03%
    Government (Super Sector)6.72%
    Government6.72%
    Real Estate5.43%
    Defensive (Super Sector)1.51%
    Consumer Defensive1.46%
    Top Holdings

    As of 12/31/2023

    HoldingValue% Portfolio
    Sony Group Corp ADR$12.12M6.57%
    Alphabet Inc Class A$6.01M3.26%
    Comcast Corp Class A$5.04M2.74%
    Madison Square Garden Sports Corp Class A$5.04M2.73%
    Atlanta Braves Holdings Inc Class C$4.81M2.61%
    Meta Platforms Inc Class A$4.42M2.40%
    Rogers Communications Inc Shs -B- Non-Voting$3.86M2.09%
    United States Treasury Bills 5.35166%$3.81M2.06%
    Vivendi SE$3.69M2.00%
    American Tower Corp$3.50M1.90%
    Credit Quality

    As of 12/31/2023

    Maturity Breakdown

    As of 12/31/2023

    Country Allocation

    As of 12/31/2023

    Country% Portfolio
    United States - Equity58.95%
    Japan - Equity9.47%
    Canada - Equity5.28%
    France - Equity4.14%
    United Kingdom - Equity3.59%
    Mexico - Equity2.60%
    United States - Fixed Income1.86%
    Netherlands - Equity1.63%
    South Africa - Equity1.23%
    Germany - Equity1.19%
    Austria - Equity0.70%
    Switzerland - Equity0.65%
    China - Equity0.56%
    Belgium - Equity0.53%
    Spain - Equity0.41%
    Finland - Equity0.29%
    Philippines - Equity0.28%
    South Korea - Equity0.23%
    Sweden - Equity0.22%
    Brazil - Equity0.17%
    Indonesia - Equity0.17%
    Others - Equity0.16%
    Pakistan - Equity0.11%
    Singapore - Equity0.08%
    Turkey - Equity0.08%
    Greece - Equity0.07%
    Argentina - Equity0.04%
    Thailand - Equity0.04%
    Italy - Equity0.03%
    Australia - Equity0.02%
    Hungary - Equity0.01%
    Malaysia - Equity0.00%
    Hong Kong - 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. 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