Dividend Investing Ideas Center
Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
Name
As of 11/06/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
YTD Return
48.1%
1 yr return
73.2%
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$22.8 M
Holdings in Top 10
51.7%
Expense Ratio 1.00%
Front Load N/A
Deferred Load N/A
Turnover N/A
Redemption Fee N/A
Standard (Taxable)
N/A
IRA
N/A
Fund Type
Exchange Traded Fund
Name
As of 11/06/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Under normal market conditions, the Fund invests at least 80% of the value of its net assets, in the securities of companies principally engaged in the group of industries comprising the financial services sector. As a fundamental policy, the Fund will concentrate (invest at least 25% of the value of its net assets) in the securities of companies principally engaged in the group of industries comprising the financial services sector. The Fund may invest in the equity securities of such companies, such as common stock, or preferred stock of such companies in accordance with the foregoing 80% policy. The Fund may also invest in foreign securities, including, but not limited to: (i) direct investments in securities of foreign issuers principally located in the United Kingdom, Europe, the European Union, and Japan; and (ii) investments in American Depositary Receipts that represent indirect investments in securities of foreign issuers. The Fund may invest in companies without regard to market capitalization.
The Fund considers a company to be principally engaged in the group of industries comprising the financial services sector if it devotes a significant portion of its assets to, or derives a significant portion of its revenues from, providing financial services. The Fund considers a company to be principally engaged in the group of industries comprising the financial services sector if it devotes 50% of its assets to, or derives 50% of its revenues from, providing financial services. Such services include but are not limited to the following: commercial, consumer, and specialized banking and financing; asset management; publicly-traded, government sponsored financial enterprises; insurance; accountancy; mortgage REITs; brokerage; securities exchanges and electronic trading platforms; financial data, technology, and analysis; and financial transaction and other financial processing services.
The Investment Company Act of 1940, as amended (the “1940 Act”), restricts the Fund from acquiring the securities of any company that derives more than 15% of its gross revenues from securities related activities, such as a broker, dealer, underwriter or a federally registered investment adviser (a “Securities Related Issuer”), subject to exception. Under Rule 12d3-1 under the 1940 Act, however, the Fund may generally purchase up to 5% of any class of equity securities of a Securities Related Issuer, or up to 10% of the outstanding principal amount of debt securities of a Securities Related Issuer, so long as, in each case, no more than 5% of the Fund’s total assets are invested in the Securities Related Issuer. These limitations are measured at the time of investment. Rule 12d3-1 may operate to limit the size of the Fund’s investment position with respect to one or more Securities Related Issuers. The 1940 Act also restricts the Fund from acquiring any security issued by an insurance company if the Fund owns, or will own as a result of the acquisition, more than 10% of the total outstanding voting stock of the insurance company. The 1940 Act may operate to limit the size of the Fund’s investment position with respect to one or more insurance companies.
The Adviser’s investment philosophy with respect to buying and selling equity securities is to identify assets that are selling in the public market at a discount to their private market value (“PMV”). The Adviser defines PMV as the value informed purchasers are willing to pay to acquire assets with similar characteristics. The Adviser considers factors such as price, earnings expectations, earnings and price histories, balance sheet characteristics, and perceived management skills. The Adviser also considers changes in economic and political outlooks as well as individual corporate developments. Further, the Adviser looks for a catalyst, something indigenous to the company, its industry or geographic positioning that may surface additional value, including, but not limited to, industry developments, regulatory changes, changes in management, sale or spin-off of a division, or the development of a profitable new business. The Adviser expects to seek to sell any Fund investments that lose their perceived value relative to other investments, which could occur because of, among other things, a security reaching a predetermined price target, a change to a company’s fundamentals that make the risk/reward profile unattractive, or a need to improve the overall risk/reward profile of the Fund.
Period | GABF Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 48.1% | -12.8% | 12.7% | N/A |
1 Yr | 73.2% | -46.2% | 23.9% | N/A |
3 Yr | N/A* | -13.6% | 20.1% | N/A |
5 Yr | N/A* | -14.9% | 10.1% | N/A |
10 Yr | N/A* | -7.7% | 15.2% | N/A |
* Annualized
Period | GABF Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 32.4% | -56.2% | 38.2% | N/A |
2022 | N/A | -15.6% | 24.2% | N/A |
2021 | N/A | -16.2% | 26.6% | N/A |
2020 | N/A | -24.2% | 8.3% | N/A |
2019 | N/A | -9.3% | 12.9% | N/A |
Period | GABF Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 48.1% | -43.8% | 12.7% | N/A |
1 Yr | 73.2% | -46.2% | 62.2% | N/A |
3 Yr | N/A* | -13.6% | 20.1% | N/A |
5 Yr | N/A* | -10.3% | 17.2% | N/A |
10 Yr | N/A* | -7.7% | 15.2% | N/A |
* Annualized
Period | GABF Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 38.9% | -56.2% | 38.1% | N/A |
2022 | N/A | -15.6% | 24.2% | N/A |
2021 | N/A | -16.2% | 26.6% | N/A |
2020 | N/A | -24.2% | 8.3% | N/A |
2019 | N/A | -8.6% | 12.9% | N/A |
GABF | Category Low | Category High | GABF % Rank | |
---|---|---|---|---|
Net Assets | 22.8 M | 398 K | 34.6 B | 96.19% |
Number of Holdings | 40 | 14 | 386 | N/A |
Net Assets in Top 10 | 7.62 M | 2.65 K | 18.1 B | N/A |
Weighting of Top 10 | 51.68% | 13.3% | 84.7% | N/A |
Weighting | Return Low | Return High | GABF % Rank | |
---|---|---|---|---|
Stocks | 94.19% | 95.22% | 107.75% | N/A |
Cash | 5.81% | -8.24% | 4.18% | N/A |
Preferred Stocks | 0.00% | 0.00% | 3.05% | N/A |
Other | 0.00% | -0.80% | 1.47% | N/A |
Convertible Bonds | 0.00% | 0.00% | 0.10% | N/A |
Bonds | 0.00% | 0.00% | 1.41% | N/A |
Weighting | Return Low | Return High | GABF % Rank | |
---|---|---|---|---|
Utilities | 0.00% | 0.00% | 5.37% | N/A |
Technology | 0.00% | 0.00% | 47.93% | N/A |
Real Estate | 0.00% | 0.00% | 40.95% | N/A |
Industrials | 0.00% | 0.00% | 6.74% | N/A |
Healthcare | 0.00% | 0.00% | 5.97% | N/A |
Financial Services | 0.00% | 46.33% | 100.00% | N/A |
Energy | 0.00% | 0.00% | 6.18% | N/A |
Communication Services | 0.00% | 0.00% | 4.06% | N/A |
Consumer Defense | 0.00% | 0.00% | 4.66% | N/A |
Consumer Cyclical | 0.00% | 0.00% | 42.54% | N/A |
Basic Materials | 0.00% | 0.00% | 4.54% | N/A |
Weighting | Return Low | Return High | GABF % Rank | |
---|---|---|---|---|
US | 94.19% | 0.00% | 106.12% | N/A |
Non US | 0.00% | 0.00% | 97.31% | N/A |
GABF Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.00% | 0.08% | 11.45% | N/A |
Management Fee | 0.90% | 0.00% | 1.25% | 78.10% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.10% | 0.34% | N/A |
GABF Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.00% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 2.25% | N/A |
GABF Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
GABF Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 3.00% | 406.00% | N/A |
GABF | Category Low | Category High | GABF % Rank | |
---|---|---|---|---|
Dividend Yield | 3.58% | 0.00% | 10.72% | 48.21% |
GABF | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annually | Monthly | Quarterly |
GABF | Category Low | Category High | GABF % Rank | |
---|---|---|---|---|
Net Income Ratio | N/A | -0.76% | 10.57% | N/A |
GABF | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Semi-Annually | Annually |
Date | Amount | Type |
---|---|---|
Dec 27, 2023 | $1.622 | OrdinaryDividend |
Dec 28, 2022 | $0.325 | OrdinaryDividend |
Start Date
Tenure
Tenure Rank
May 09, 2022
0.06
0.1%
Mr. Macrae Sykes has served as a portfolio manager of the Financial Services Fund since its inception. Mr. Sykes joined Gabelli in 2008 as a research analyst. He currently covers the investment services industry, and is a member of the portfolio management team of another fund within the Gabelli Fund Complex. Mr. Sykes holds a B.A. in economics from Hamilton College and an M.B.A. in finance from Columbia Business School.
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 25.42 | 8.05 | 2.12 |
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