GCAD Gabelli Launches Aerospace and Defense ETF
As with the previous ETF’s launched by Gabelli, GAMCO will offer a “loyalty” program under which the first
GCAD’s investment objective is to achieve a high level of total return with an emphasis on income. The fund will seek to invest in Aerospace companies that include manufacturers, assemblers and distributors of aircraft and aircraft parts as well as defense companies, including producers of components and equipment for the defense industry, such as military aircraft, radar equipment and weapons. Income producing equity securities include
About this ETF
The Fund is a non-diversified, open-end management investment company whose primary investment objective is to seek a high level of total return with an emphasis on income. Under normal market conditions, the Fund will invest at least 80%, of its assets in
This ETF is not yet available to purchase, and this is not a solicitation to purchase a security. Please read the Prospectus, including the Risk Discussion, carefully (when it becomes available) to understand the attributes and risks of this ETF before investing.
This ETF is different from traditional ETFs. Traditional ETFs tell the public what assets they hold each day. This ETF will not. This may create additional risks fo r your investment. For example:
- You may have to pay more money to trade the ETF’s 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 an exchange may not match the value of the ETF’s portfolio. The same is true when you sell shares. 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 bad or uncertain market conditions. The differences between this ETF and other ETFs may also have advantages. By keeping certain information about the ETF secret, this ETF may face less risk that other traders can predict or copy its investment strategy. This may improve the ETF’s performance. If other traders are able to copy or predict the ETF’s investment strategy, however, this may hurt the ETF’s performance. For additional information regarding the unique attributes and risks of the ETF, see the ActiveShares prospectus/registration statement.
You should consider the ETF’s investment objectives, risks, charges and expenses carefully before you invest. The ETF’s Prospectus, which will be available from G.distributors, LLC, a registered broker-dealer and
To obtain a Prospectus (when it becomes available), please visit https://www.gabelli.com/funds/etfs or call:
View source version on businesswire.com: https://www.businesswire.com/news/home/20221228005361/en/
Executive Vice President
For further information visit www.gabelli.com/funds/etfs