GABCX

About GABCX

Gabelli ABC Fund Class AAA is a mutual fund designed to deliver attractive total returns in varying market environments while maintaining a conservative risk profile. The fund specializes in event-driven investment strategies, primarily merger arbitrage, by targeting securities involved in announced mergers, spin-offs, liquidations, and other corporate reorganizations. Its approach seeks to capitalize on the "spread" between the market price and the expected value post-transaction completion, aiming for consistent returns even during broader market volatility. In addition to event-driven positions, the fund includes holdings in value-oriented common stocks, convertible securities, and significant allocations to U.S. Treasury Bills, reflecting an emphasis on capital preservation and income generation. With over 230 holdings, its portfolio is non-diversified and may have higher exposure to specific issuers or sectors. Managed by Gabelli Funds since 1993, the fund plays a niche role in the market by offering investors access to sophisticated merger arbitrage and special situations, appealing to those seeking portfolio stability and an alternative to traditional equity or fixed-income investments.