Gabelli Asset ETF (GAST) Completes Rebranding to Gabelli Automation ETF | national company

RYE, NY–(BUSINESS WIRE)–June 7, 2022–

Gabelli Asset ETF (NYSE: GAST) has been renamed Gabelli Automation ETF (NYSE: GAST), reflecting its focus on investing in the automation ecosystem. This team-managed fund will not incur any fees or expenses for the Fund’s first $25 million of assets under management.

The investment objective of GAST is to achieve capital appreciation. The fund will seek to identify and invest in leading companies that design, develop, support or manufacture automation equipment, technology, software or related processes, and in companies that use these technologies to automate and augment the productivity of their own businesses. These businesses include industrial and service automation, robotics, artificial intelligence, autonomous driving, and related equipment and software. Pursuing this investment theme, the Fund may invest in companies from any economic sector and geographical region. The fund assesses the entire ecosystem of components and technology providers that support the redesign and modernization of global production networks and respond to tight labor markets and productivity challenges around the world.

Brett Kearney, CFA, who joined the firm in 2017, leads the GAST investment team. Brett graduated cum laude holds a BS in Business Administration from Washington and Lee University and an MBA from Columbia Business School, where he participated in the school’s Value Investing Program. Brett has over a decade of investment management experience, having worked as an analyst at Schultze Asset Management, Fidus Mezzanine Capital and the Bond & Corporate Finance Group of John Hancock Financial Services.

The team also includes veteran portfolio manager and analyst, Justin Bergner, CFA, who originally joined the firm in 2005 as a metals and mining analyst, and who over the past eight years has focused his efforts as an industry analyst after a number of broadly diversified projects. businesses. Mr. Bergner received an MBA in finance and accounting from the Wharton School of the University of Pennsylvania and is a graduate cum laude from Yale University with a BA in Economics and Mathematics.

To complete the team, Hendi Susanto joined Gabelli Funds in 2007 and specializes in the broad technology sector, including software, hardware, cybersecurity and semiconductors. Mr. Susanto holds an MBA in Finance from the Wharton School and an MS from MIT after graduating summa cum laude with a BS from the University of Minnesota.

GAMCO Investors, Inc. (NYSE: GBL), through its subsidiaries, manages the assets of private advisory accounts (GAMCO) and mutual funds and closed-end funds (Gabelli Funds, LLC), and is known for its private market value with a Catalyst™ style of investing. As of March 31, 2022, GAMCO Investors, Inc. had $33.3 billion in assets under management. More information on www.gabelli.com

About Gabelli Automation ETF

Gabelli Automation ETF is a diversified open-ended investment company whose primary investment objective is to seek capital appreciation. Under normal market conditions, the Fund will invest at least 80% of its assets in US-listed common and preferred stocks of companies that meet the Fund’s guidelines for automation. Your investment in the Fund is not guaranteed and you could lose some or all of the amount you invest. The Fund is managed by Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc. (NYSE: GBL).

Please read the prospectus, including the risk discussion (when available) carefully to understand the characteristics and risks of this ETF before investing.

This ETF is different from traditional ETFs. Traditional ETFs inform the public of the assets they hold every day. This ETF will not. This may create additional risks for your investment. For instance:

  • You may have to pay more money to trade the ETF shares. This ETF will provide less information to traders, who tend to charge more for trades when they have less information.
  • The price you pay to buy ETF shares on the stock market may not match the value of the ETF’s portfolio. The same is true when you sell stocks. These price differences may be greater for this ETF compared to other ETFs because it provides less information to traders.
  • These additional risks may be even greater in poor or uncertain market conditions. The differences between this ETF and other ETFs can also have advantages. By keeping certain information about the ETF secret, that ETF can face less risk than other traders can predict or copy its investment strategy. This can improve the performance of the ETF. However, if other traders are able to copy or predict the ETF’s investment strategy, it may harm the performance of the ETF. For more information on the ETF’s unique characteristics and risks, see the ActiveShares Prospectus/Registration Statement.

You should carefully consider the investment objectives, risks, fees and expenses of the ETF before investing. The ETF’s prospectus, which will be available from G.distributors, LLC, a registered broker-dealer and member firm of FINRA, will contain this and other information about the ETF, and should be read carefully before purchasing. invest.

Gabelli Funds, LLC is a registered investment adviser with the Securities and Exchange Commission and is a wholly owned subsidiary of GAMCO Investors, Inc.(NYSE: GBL)

For a prospectus, please visithttps://www.gabelli.com/funds/etfsWherecall:

John Ball, 914-921-7728

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220607006266/en/

CONTACT: John Ball

Senior Vice President

(914) 921-7728

KEYWORD: NEW YORK UNITED STATES NORTH AMERICA

KEYWORD INDUSTRY: FUNDING OF PROFESSIONAL SERVICES

SOURCE: Gabelli Funds, LLC

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PUBLISHED: 06/07/2022 16:04 / DISK: 06/07/2022 16:04

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