Gabelli Enterprise Mergers and Acquisitions Fund (EMAYX)

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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.

Gabelli Enterprise Mergers and Acquisitions Fund (EMAYX) has returned 2.42% so far this year and 19.97% over the past 12 months. Over the last ten years, EMAYX has returned 5.49% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Feb 28, 2001, EMAYX's average daily return is +0.02%, while the average monthly return is +0.45%. At this rate, your investment would double in approximately 12.9 years.

Historically, 61% of months were positive and 39% were negative. The best month was Apr 2009 with a return of +11.4%, while the worst month was Oct 2008 at -16.2%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 5 months.

On a daily basis, EMAYX closed higher 50% of trading days. The best single day was Oct 13, 2008 with a return of +8.8%, while the worst single day was Mar 16, 2020 at -7.7%.

Gabelli Enterprise Mergers and Acquisitions Fund has an annualized alpha of 1.28%, beta of 0.51, and R² of 0.72 versus S&P 500 Index. Calculated based on daily prices since March 01, 2001.

• This fund participated in 53.77% of S&P 500 Index downside but only 50.78% of its upside — more exposed to losses than it benefited from rallies.
• Beta of 0.51 indicates this fund moves significantly less than S&P 500 Index — a genuinely defensive profile with reduced participation in both market rallies and downturns.

EMAYX has a high expense ratio of 1.01%, indicating above-average management fees.

EMAYX ranks 85 for risk / return — in the top 85% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

The table below present risk-adjusted performance metrics for Gabelli Enterprise Mergers and Acquisitions Fund (EMAYX) and compare them to a chosen benchmark (S&P 500 Index).

Gabelli Enterprise Mergers and Acquisitions Fund provided a 4.11% dividend yield over the last twelve months, with an annual payout of $0.78 per share.

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.

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.

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 886 trading sessions.

The current Gabelli Enterprise Mergers and Acquisitions Fund drawdown is 4.32%.

The chart below shows the rolling one-month volatility.