Gabelli Enterprise Mergers and Acquisitions Fund (EMAYX)
The advisor intends to invest primarily in equity securities of companies believed to be likely acquisition targets within twelve to eighteen months. The fund also may engage in arbitrage transactions by investing in the equity securities of companies that are involved in publicly announced mergers, takeovers, tender offers, leveraged buyouts, spin-offs, liquidations, and other corporate reorganizations. It generally invests in securities of U.S. companies, but also may invest its assets in foreign securities, including emerging market securities.
Fund Info
US29372K5838
29372K583
Feb 27, 2001
$500,000
Expense Ratio
EMAYX has a high expense ratio of 1.01%, indicating above-average management fees.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Gabelli Enterprise Mergers and Acquisitions Fund (EMAYX) returned 4.56% year-to-date (YTD) and 11.90% over the past 12 months. Over the past 10 years, EMAYX returned 4.15% annually, underperforming the S&P 500 benchmark at 10.85%.
EMAYX
4.56%
2.39%
1.30%
11.90%
4.99%
7.06%
4.15%
^GSPC (Benchmark)
0.51%
6.15%
-2.00%
12.92%
12.68%
14.19%
10.85%
Monthly Returns
The table below presents the monthly returns of EMAYX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 2.06% | 0.43% | 0.91% | -1.27% | 2.39% | 4.56% | |||||||
| 2024 | -1.30% | -0.59% | 3.71% | -1.98% | 2.80% | -2.22% | 6.36% | -0.12% | 1.40% | -0.30% | 3.92% | -3.12% | 8.41% |
| 2023 | 4.68% | -1.09% | -1.61% | -0.92% | -3.78% | 5.10% | 2.56% | -0.13% | -3.90% | -3.06% | 4.26% | 4.36% | 5.96% |
| 2022 | -2.97% | -0.75% | 1.26% | -4.22% | 1.36% | -4.92% | 3.70% | -3.11% | -5.49% | 5.31% | 1.41% | -0.07% | -8.78% |
| 2021 | 0.75% | 3.21% | 1.26% | 3.13% | 1.37% | -0.90% | -0.51% | 1.32% | -1.98% | 1.21% | -1.77% | 2.50% | 9.83% |
| 2020 | -0.39% | -4.46% | -12.84% | 6.54% | 1.92% | 1.74% | 2.35% | 3.00% | -1.08% | 0.27% | 7.43% | 2.28% | 5.29% |
| 2019 | 3.73% | 1.60% | -0.66% | 1.59% | -2.54% | 2.40% | -1.30% | -0.99% | 1.00% | 0.86% | 1.05% | 0.87% | 7.71% |
| 2018 | 2.42% | -2.74% | 0.19% | -0.45% | -0.45% | 1.03% | 0.51% | 1.33% | 0.75% | -3.54% | 1.22% | -2.90% | -2.78% |
| 2017 | 0.07% | 0.53% | 0.66% | 0.98% | -0.19% | 0.91% | 0.71% | -0.45% | 1.54% | -0.44% | 0.96% | 0.21% | 5.61% |
| 2016 | -2.60% | 0.44% | 3.76% | 0.57% | 0.35% | -0.21% | 1.62% | 0.07% | 0.69% | -2.28% | 4.38% | 1.76% | 8.66% |
| 2015 | -1.32% | 3.19% | -0.43% | 1.16% | -0.00% | -0.07% | -0.43% | -1.80% | -1.32% | 3.11% | -0.36% | -0.07% | 1.54% |
| 2014 | -0.97% | 2.11% | -0.81% | -0.00% | 0.89% | 1.10% | -1.75% | 1.26% | -2.27% | 0.45% | 1.19% | 0.52% | 1.64% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 76, EMAYX is among the top 24% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Gabelli Enterprise Mergers and Acquisitions Fund (EMAYX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
Gabelli Enterprise Mergers and Acquisitions Fund provided a 3.98% dividend yield over the last twelve months, with an annual payout of $0.67 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.67 | $0.67 | $0.46 | $0.12 | $1.13 | $0.04 | $0.28 | $0.80 | $0.19 |
Dividend yield | 3.98% | 4.17% | 3.00% | 0.80% | 6.85% | 0.24% | 1.80% | 5.52% | 1.24% |
Monthly Dividends
The table displays the monthly dividend distributions for Gabelli Enterprise Mergers and Acquisitions Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.67 | $0.67 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.46 | $0.46 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.12 | $0.12 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.13 | $1.13 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 | $0.04 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.28 | $0.28 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.80 | $0.80 |
| 2017 | $0.19 | $0.19 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Gabelli Enterprise Mergers and Acquisitions Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Gabelli Enterprise Mergers and Acquisitions Fund was 47.93%, occurring on Mar 5, 2009. Recovery took 762 trading sessions.
The current Gabelli Enterprise Mergers and Acquisitions Fund drawdown is 1.30%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -47.93% | Jul 16, 2007 | 413 | Mar 5, 2009 | 762 | Mar 13, 2012 | 1175 |
| -24.9% | Feb 21, 2020 | 19 | Mar 18, 2020 | 169 | Nov 16, 2020 | 188 |
| -15.95% | Nov 15, 2021 | 218 | Sep 27, 2022 | 451 | Jul 16, 2024 | 669 |
| -10.62% | Apr 19, 2002 | 120 | Oct 9, 2002 | 160 | May 30, 2003 | 280 |
| -10.02% | Feb 19, 2025 | 35 | Apr 8, 2025 | 26 | May 15, 2025 | 61 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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