Gabelli High Income ETF (GBHI) Diversifiers

The Gabelli High Income ETF (GBHI) is an actively managed fund that seeks high total return through current income and, secondarily, capital appreciation. It invests at least 80% of its net assets in income-producing securities, primarily high-yield corporate bonds and other debt instruments rated below investment grade, using Gabelli's proprietary fundamental analysis to target issuers with strong fundamentals, improving balance sheets, and identifiable catalysts. Gabelli is waiving the fund's advisory fee through November 2026, temporarily reducing the net expense ratio.