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Gabelli Equity Trust (GAB)

U.S. Equity Funds - General Equity Funds

Data as of March 24, 2023
Market Price $5.62 (+ $0.06)
NAV (March 24, 2023) $4.92 (+ $0.02)
Fund Listed NYSE
Premium / Discount 14.23% (+0.76%)
Fund Info
Inception Aug. 21, 1986
Sponsor Gabelli Funds
Website https://www.gabelli.co...
Phone 800-422-3554
Location New York
Incorporated Maryland
Staggered Board Yes
Objective: Long term growth of capital, with income by investing in undervalued companies with greater than average potential for growth.
Related Indexes
Global Equity Index
60/40 Balanced (w/ BDCs) Index
Tax-Advantaged Equity Dividend Index
All Sector Equity CEF Index
Capital & Leverage
Outstanding Shares 296,408,827
Total Assets (Reported: Dec. 31, 2022) $1,937M
Estimated Total Assets $1,846M
Net Assets $1,458M
Market Cap $1,666M
Portfolio Turnover 5.00%
Total Leverage 21.00%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 1.57%
Non Lev Exp Ratio 1.34%
Rel Lev Cost 0.85%
Discount Data
Average Discount (3 Yr) 9.69%
Discount Low(3 Yr) -1.57%
Discount High(3 Yr) 30.30%
Discount Rel Range (3 Yr) 49.57%
Comp Discount 25.16
Discount St Dev (1Yr) 6.84
Z-Stat (6mo) 0.97
Z-Stat (1Yr) -0.14
Z-Stat (3Yr) 0.68
Comp Z-Stat (6mo) 1.57
Comp Z-Stat (3Yr) 1.09
Distribution Data
Market Yield 10.68%
Income Yield 0.30%
Lev Adj NAV Yield 10.08%
Distribution Frequency Q
Current Distribution $0.150
Current Income $0.000
Ex-Date 3/16/23
Payable Date 3/24/23
Div Growth (3yr) 0.00%
Dividend Change 7.1% on 2/27/14
Expected Div 5/19/23
RoC (1yr) 63.80%
RoC (3yr) 45.79%
Tax Dividend Data 2022 2020 - 2022
Income 3.7% 5.1%
ST Gains 0% 1.2%
QDI 3.7% 6.2%
LT Gains 44.5% 52.3%
RoC 51.7% 41.5%
Volume & Liquidity
Average Daily $ (K) $2,526
Avg Volume 30 day 564,650
Avg Volume 90 day 449,447
Volume Trend 25.63%
Comp Volume Trend 37.12%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
Price Correlation (1yr)
vs. CEFA's US Equity Index
Most Correlated Peer (Mk Pr): TY 77.0%
NAV - Price Correlation (30 d) 92.8%
NAV - Price Correlation (90 d) 79.9%
NAV - Price Correlation (1 Yr) 73.8%
Price St Dev (1Yr) 26.3%
NAV St Dev (1Yr) 25.0%
Earnings / Share (12/31/22) $0.011
Earn Coverage 7.33%
Earnings Trend Up
UNII / Share (12/31/22) $-0.001
Rel UNII -5.36
UNII Trend Up
NAV Beta (2yr)
vs. S&P 500 (TR)
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
NAV Beta (2yr)
vs. CEFA's US Equity Index


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

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