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Gabelli Equity Trust (GAB)

U.S. Equity Funds - General Equity Funds

Data as of Dec. 9, 2024
Current
Market Price $5.79 (- $0.04)
NAV (Dec. 9, 2024) $5.70 (- $0.04)
Fund Listed NYSE
Premium / Discount 1.58% (+0.01%)
Fund Info
Inception Aug. 21, 1986
Sponsor Gabelli Funds
Website https://www.gabelli.co...
Phone 800-422-3554
NAV Symbol XGABX
Location New York
Incorporated Maryland
Staggered Board Yes
Term Date N/A
Objective: Long term growth of capital, with income by investing in undervalued companies with greater than average potential for growth.
Related Indexes
US Equity Index
Global Equity Index
60/40 Balanced (w/ BDCs) Index
Tax-Advantaged Equity Dividend Index
All Sector Equity CEF Index
Capital & Leverage
Outstanding Shares 304,703,543
Total Assets (Reported: June 30, 2024) $1,931M
Estimated Total Assets $2,118M
Net Assets $1,737M
Market Cap $1,764M
Portfolio Turnover 3.00%
Total Leverage 18.00%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 2.06%
Non Lev Exp Ratio 1.37%
Rel Lev Cost 3.11%
Discount Data
Average Discount (3 Yr) 8.07%
Discount Low(3 Yr) -2.86%
Discount High(3 Yr) 30.30%
Discount Rel Range (3 Yr) 13.38%
Comp Discount -29.87
Discount St Dev (1Yr) 1.56
Z-Stat
Z-Stat (6mo) 0.78
Z-Stat (1Yr) 0.76
Z-Stat (3Yr) -0.83
Comp Z-Stat (6mo) 0.03
Comp Z-Stat (3Yr) -1.01
Distribution Data
Market Yield 10.36%
Income Yield 0.48%
Lev Adj NAV Yield 8.92%
Distribution Frequency Q
Current Distribution $0.150
Current Income $0.008
Ex-Date 12/13/24
Payable Date 12/20/24
Div Growth (3yr) 0.00%
Dividend Change 7.1% on 2/27/14
Expected Div 2/13/25
RoC (1yr) 67.60%
RoC (3yr) 56.05%
Tax Dividend Data 2023 2021 - 2023
Income 6.6% 5.3%
ST Gains 0% 1.2%
QDI 6.6% 6.4%
LT Gains 47% 51.6%
RoC 46.4% 42.0%
Volume & Liquidity
Average Daily $ (K) $3,363
Avg Volume 30 day 517,008
Avg Volume 90 day 580,842
Volume Trend -10.99%
Comp Volume Trend -20.93%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
65.0%
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
50.0%
Price Correlation (1yr)
vs. CEFA's US Equity Index
62.0%
Most Correlated Peer (Mk Pr): TY 71.0%
NAV - Price Correlation (30 d) 90.7%
NAV - Price Correlation (90 d) 88.6%
NAV - Price Correlation (1 Yr) 88.8%
Price St Dev (1Yr) 15.6%
NAV St Dev (1Yr) 14.6%
Earnings
Earnings / Share (6/30/24) $0.001
Earn Coverage 0.87%
Earnings Trend Down
UNII / Share (6/30/24) $-0.017
Rel UNII -60.36
UNII Trend Down
Performance
NAV Beta (2yr)
vs. S&P 500 (TR)
1.02
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
1.67
NAV Beta (2yr)
vs. CEFA's US Equity Index
1.18

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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.

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.

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