GDL Fund (GDL)
7.80
-0.01
(-0.13%)
USD |
NYSE |
Apr 18, 16:00
Price Chart
Key Stats
| Net Expense Ratio | Discount or Premium to NAV | Total Assets Under Management | 30-Day Average Daily Volume |
|---|---|---|---|
| 4.65% | -22.31% | 120.11M | 10895.33 |
| Dividend Yield | Turnover Ratio | 1 Year Fund Level Flows | Max Drawdown (Since Inception) |
| 6.15% | 316.0% | -28.92M | Upgrade |
Basic Info
| Investment Strategy | |
| The Fund’s investment objective is to achieve absolute returns in various market conditions without excessive risk of capital. To achieve its investment objective, the Fund, under normal market conditions, will invest primarily in securities of companies (both domestic and foreign) involved in publicly announced mergers, takeovers, tender offers and leveraged buyouts (i.e., merger arbitrage transitions) and, to a lesser extent, in corporate reorganizations involving stubs, spin-offs and liquidations. |
| General | |
| Security Type | Closed-End Fund |
| Equity Style | Small Cap/Blend |
| Fixed Income Style | -- |
| Broad Asset Class | Alternative |
| Broad Category | Alternative |
| Category Name | Event Driven |
| Category Index | Morningstar Mod Con Tgt Risk TR USD |
| Global Category Name | US Equity Mid Cap |
| YCharts Categorization | US Mid Cap |
| YCharts Benchmark | Russell Midcap Total Return (^RMCTR) |
| Prospectus Objective | Income |
| Fund Owner Firm Name | Gabelli |
| Prospectus Benchmark Index | |
| ICE BofA 0-3 M US Trsy Bill TR USD | 100.0% |
| Broad Asset Class Benchmark Index | |
| ^MSACWINTR | 100.0% |
| Manager Tenure | |
| Willis Brucker | 4.76 yrs |
| Regina Pitaro | 2.25 yrs |
Performance Versus Category
As of April 18, 2024. Returns for periods of 1 year and above are annualized.
Annual Total Returns Versus Peers
As of April 18, 2024.
Basic Info
| Investment Strategy | |
| The Fund’s investment objective is to achieve absolute returns in various market conditions without excessive risk of capital. To achieve its investment objective, the Fund, under normal market conditions, will invest primarily in securities of companies (both domestic and foreign) involved in publicly announced mergers, takeovers, tender offers and leveraged buyouts (i.e., merger arbitrage transitions) and, to a lesser extent, in corporate reorganizations involving stubs, spin-offs and liquidations. |
| General | |
| Security Type | Closed-End Fund |
| Equity Style | Small Cap/Blend |
| Fixed Income Style | -- |
| Broad Asset Class | Alternative |
| Broad Category | Alternative |
| Category Name | Event Driven |
| Category Index | Morningstar Mod Con Tgt Risk TR USD |
| Global Category Name | US Equity Mid Cap |
| YCharts Categorization | US Mid Cap |
| YCharts Benchmark | Russell Midcap Total Return (^RMCTR) |
| Prospectus Objective | Income |
| Fund Owner Firm Name | Gabelli |
| Prospectus Benchmark Index | |
| ICE BofA 0-3 M US Trsy Bill TR USD | 100.0% |
| Broad Asset Class Benchmark Index | |
| ^MSACWINTR | 100.0% |
| Manager Tenure | |
| Willis Brucker | 4.76 yrs |
| Regina Pitaro | 2.25 yrs |