Gabelli Enterprise Mergers and Acquisitions Fund AAA
EAAAX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 1290 Avenue Of The Americas New York NY United States of America 10104
- IPO Date
- Feb 26, 2010
- CIK
- 0001394166
- Website
- gabelli.com
- Similar Companies
- Business
- Gabelli Enterprise Mergers and Acquisitions Fund AAA (EAAAX) is an open-end mutual fund that seeks capital appreciation primarily through merger arbitrage strategies, investing in equity securities of companies involved in publicly announced mergers, takeovers, tender offers, leveraged buyouts, spin-offs, liquidations, and other corporate reorganizations; it also employs a buy-and-hold approach for companies likely to become acquisition targets within the next 12 to 18 months. The fund captures spreads between current market prices and expected deal completion values, with exposure to event-driven situations across small- and mid-cap value stocks in sectors including communication services, utilities, basic materials, healthcare, and industrials; it maintains a non-diversified portfolio that may include U.S. and foreign securities, including emerging markets, with current allocations approximately 66% U.S. stocks, 24% non-U.S. stocks, and 9% cash. Managed since its inception on February 28, 2001, by Mario J. Gabelli, CFA, Chairman and CEO of GAMCO Investors, Inc., the fund is part of the Gabelli Funds family offered by Gabelli Funds, LLC, an affiliate of GAMCO Investors, headquartered in Rye, New York; Class AAA shares (EAAAX) were launched on March 1, 2010, with a net expense ratio of 1.87% and total net assets of approximately $53 million. The fund operates within the event-driven Morningstar category, targeting institutional and retail investors seeking low market correlation and absolute returns from M&A activity, with geographic exposure spanning the United States (66%), Canada, Eurozone, Latin America, United Kingdom, and other regions. It is distributed by G. Distributors, LLC., and available for sale in the United States, with a minimum initial investment of $1,000 for Class AAA shares. In recent developments, global M&A activity surged 15% year-over-year to $885 billion in Q1 2025, supporting positive fund performance amid tailwinds like increased deal volumes; GAMCO Investors, the parent entity, reported quarter-end AUM growth to $35.0 billion in Q3 2025 (up 9% from Q3 2024), enhanced its ETF offerings including plans for new launches like Gabelli High Income ETF and Keeley Dividend ETF, and transitioned four semi-transparent ETFs to fully transparent strategies in mid-December 2025, reflecting broader strategic expansions in product lines. The Gabelli Funds family, including this fund, benefited from net market appreciation across open-end and closed-end funds, with no major acquisitions, funding rounds, or reorganizations specific to EAAAX reported in the last 1-2 years.