CEF Advisors

7204 Glen Forest Drive, Suite #105 Richmond, Virginia 23226 USA   ♦   Toll-Free: (800) 356-3508 / Local: (804) 288-2482    ♦   www.CEFadvisors.com   ♦   Contact@CEFadvisors.com

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GDL Fund (GDL)

Non U.S. Equity Funds - Global Equity

Data as of Oct. 19, 2018
Current
Market Price $8.90 (+ $0.07)
NAV (Oct. 19, 2018) $11.04 (- $0.01)
Premium / Discount -19.38% (+0.71%)
Fund Info
Inception Jan. 25, 2007
Sponsor Gabelli Funds
Website www.gabelli.com/Templa...
Phone 800-422-3554
NAV Symbol XGDLX
Objective: Absolute returns in various market conditions with low risk; merger arbitrage transactions and stubs, spin-offs, and liquidations
Related Indexes
Discount CEF/BDC Index
Capital & Leverage
Outstanding Shares 17,422,912
Gross Assets (Reported: June 30, 2018) $344M
Estimated Gross Assets $312M
Net Assets $192M
Market Cap $155M
Purchases Turnover 232.85%
Sales Turnover 263.08%
Total Leverage 40.00%
Structural Leverage (out of total) 95.65%
Portfolio Leverage (out of total) 4.35%
Expense Ratio 3.69%
Non Lev Exp Ratio 1.20%
Rel Lev Cost 3.52%
Discount Data
Average Discount (3 Yr) -16.11%
Discount Low(3 Yr) -20.47%
Discount High(3 Yr) -11.51%
Discount Rel Range 12.09%
Comp Discount -10.59
Discount St Dev (1Yr) 1.71
Z-Stat
Z-Stat (6mo) -1.28
Z-Stat (1Yr) -1.42
Z-Stat (3Yr) -1.88
Comp Z-Stat (6mo) -0.14
Comp Z-Stat (3Yr) -1.76
Distribution Data
Market Yield 4.49%
Income Yield 0.76%
Lev Adj NAV Yield 2.59%
Distribution Frequency Q
Current Distribution $0.100
Current Income $0.017
Ex-Date 9/13/18
Payable Date 9/21/18
Div Growth (3yr) -37.50%
Dividend Change -37.5% on 11/20/17
Expected Div 11/21/18
RoC (1yr) 76.25%
RoC (3yr) 51.10%
Tax Dividend Data 2017 2015 - 2017
Income 0% 5.7%
ST Gains 0% 24.6%
QDI 0% 5.5%
LT Gains 0% 29.3%
RoC 100% 40.4%
Volume & Liquidity
Average Daily $ (M) $295
Avg Volume 30 day 39,884
Avg Volume 90 day 33,108
Volume Trend 20.47%
Comp Volume Trend 11.35%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
71.0%
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
63.0%
Price Correlation (1yr)
vs. CEFA's International Equity Index
64.0%
Most Correlated Peer (Mk Pr): AGD 70.0%
NAV - Price Correlation (30 d) 85.9%
NAV - Price Correlation (90 d) 78.8%
NAV - Price Correlation (1 Yr) 90.7%
Price St Dev (1Yr) 8.5%
NAV St Dev (1Yr) 5.1%
Earnings
Earnings / Share (6/30/18) $-0.026
Earn Coverage 0.00%
Earnings Trend Up
UNII / Share (6/30/18) $0.000
Rel UNII 0.00
UNII Trend Flat
Performance
NAV Beta (2yr)
vs. S&P 500 (TR)
0.32
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
0.56
NAV Beta (2yr)
vs. CEFA's International Equity Index
0.25

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CEFData.com makes data for the universe of closed-end funds (CEFs) and business development companies (BDCs) available to its users. This material is not intended to be relied upon as investment advice or recommendations, does not constitute a solicitation to buy or sell securities and should not be considered specific legal, investment or tax advice. This site does not list all the risks associated with each fund. Investors should contact a fund’s sponsor for fund-specific risk information and/or contact a financial advisor before investing.

NOTES: Distribution type sourced from CEFdata.com. For specific information about a fund's distribution sources, visit the fund sponsor's website.

The following information applies to closed-end funds and business development companies in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds and business development companies frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

This material is presented for informational purposes only. Under no circumstances is it to be considered an offer to sell, or a solicitation to buy any investment referred to on this page. While the information contained herein is from sources believed reliable, we do not represent that it is accurate or complete and it should not be relied upon as such. Past performance is not necessarily indicative of future results. All investments involve risk including the loss of principal. Returns are presented gross of investment management fees and other appropriate fees (i.e. commissions, custodial fees, etc.).

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