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
| ISIN | US29372K5838 |
|---|---|
| CUSIP | 29372K583 |
| Issuer | Gabelli |
| Inception Date | Feb 27, 2001 |
| Category | Event Driven |
| Min. Investment | $500,000 |
| Asset Class | Alternatives |
Expense Ratio
EMAYX has a high expense ratio of 1.01%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Gabelli Enterprise Mergers and Acquisitions Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Gabelli Enterprise Mergers and Acquisitions Fund had a return of -0.39% year-to-date (YTD) and 5.20% in the last 12 months. Over the past 10 years, Gabelli Enterprise Mergers and Acquisitions Fund had an annualized return of 3.25%, while the S&P 500 had an annualized return of 10.37%, indicating that Gabelli Enterprise Mergers and Acquisitions Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -0.39% | 5.57% |
| 1 month | -1.98% | -4.16% |
| 6 months | 8.52% | 20.07% |
| 1 year | 5.20% | 20.82% |
| 5 years (annualized) | 2.57% | 11.56% |
| 10 years (annualized) | 3.25% | 10.37% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -1.43% | -0.59% | 3.71% | |||||||||
| 2023 | -3.06% | 4.26% | 4.49% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of EMAYX is 22, indicating that it is in the bottom 22% of the market in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Gabelli Enterprise Mergers and Acquisitions Fund(EMAYX)
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.
Dividends
Dividend History
Gabelli Enterprise Mergers and Acquisitions Fund granted a 3.01% dividend yield in the last twelve months. The annual payout for that period amounted to $0.46 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.46 | $0.46 | $0.12 | $1.13 | $0.04 | $0.28 | $0.80 | $0.19 |
Dividend yield | 3.01% | 2.99% | 0.79% | 6.84% | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | |||||||||
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 2017 | $0.19 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
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 4.99%.
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 14, 2020 | 23 | Mar 18, 2020 | 169 | Nov 16, 2020 | 192 |
| -15.95% | Nov 15, 2021 | 218 | Sep 27, 2022 | — | — | — |
| -10.62% | Apr 19, 2002 | 120 | Oct 9, 2002 | 160 | May 30, 2003 | 280 |
| -8.52% | Aug 6, 2001 | 30 | Sep 21, 2001 | 137 | Apr 10, 2002 | 167 |
Volatility
Volatility Chart
The current Gabelli Enterprise Mergers and Acquisitions Fund volatility is 3.01%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.