- What does EAAAX invest in?
- The fund's primary objective is to strategically invest in the stock of companies it believes are strong candidates for acquisition, anticipating these takeovers will likely materialize within 12 to 18 months. Additionally, it may pursue arbitrage opportunities by investing in the equity shares of companies already undergoing publicly announced corporate restructuring events such as mergers, tender offers, leveraged buyouts, takeovers, spin-offs, or liquidations. While the fund typically focuses its investments on U.S. companies, it also has the option to allocate capital to foreign securities, including those found in emerging markets. This fund operates as a non-diversified investment vehicle.
- What is the expense ratio of EAAAX?
- Gabelli Enterprise Mergers and Acquisitions Fund AAA (EAAAX) charges an expense ratio of 1.87%. This is the annual fee deducted from fund assets to cover management and operations.
- How big is EAAAX?
- Gabelli Enterprise Mergers and Acquisitions Fund AAA (EAAAX) manages $62.7M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.
- Is EAAAX actively managed or an index fund?
- EAAAX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.
- When was EAAAX launched?
- Gabelli Enterprise Mergers and Acquisitions Fund AAA (EAAAX) launched in February 2010 and is managed by the fund issuer.
- How has EAAAX performed?
- EAAAX's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.
