Gabelli High Income ETF (GBHI)

Overview

Gabelli High Income ETF is an actively managed exchange-traded fund that aims to provide a high level of total return through both income generation and capital appreciation. The fund strategically invests in a diversified portfolio of income-producing securities, focusing mainly on upper-tier high-yield corporate bonds, convertible securities, and various hybrid instruments. Employing Gabelli’s Private Market Value with a Catalyst™ investment approach, the strategy targets issuers that demonstrate robust fundamentals, improving balance sheets, and identifiable catalysts that have the potential to unlock significant value. With an emphasis on balancing yield potential with risk management, the fund maintains an average credit quality of BB- and an effective duration ranging from two to five years. Under the management of Wayne Plewniak, backed by Gabelli’s extensive research team, the fund is dedicated to providing consistent income opportunities while prioritizing capital preservation. This approach offers investors access to a disciplined, research-driven methodology focused on the credit and hybrid markets, aiming to leverage market inefficiencies in pursuit of attractive total returns.

Products and Services

• High-Yield Corporate Bonds

  The fund includes upper-tier high-yield corporate bonds, designed to provide attractive income streams while presenting opportunities for capital appreciation. These bonds are selected based on rigorous analysis and fundamental understanding of their associated risks and rewards.

• Convertible Securities

  Investing in convertible securities allows the fund to combine both equity and fixed income characteristics. These instruments provide potential for capital appreciation while offering downside protection and income, making them a suitable choice for risk-managed investment strategies.

• Hybrid Instruments

  The inclusion of hybrid instruments in the portfolio serves to enhance overall yield while balancing risk. These financial products may include features of both debt and equity, targeting returns that reflect the performance of the underlying assets.

• Research-Driven Investment Approach

  Utilizing Gabelli’s Private Market Value with a Catalyst™ investment philosophy, the fund relies on an in-depth research framework that identifies promising opportunities within the credit markets. This approach aims to maximize returns by capitalizing on market inefficiencies and fostering informed decision-making.

• Risk Management

  The fund is managed with a focus on maintaining an average credit quality of BB- and adheres to an effective duration between two and five years. This strategy seeks to provide a balance between yield and risk, aiming for consistent income while safeguarding against market volatility.