Our dedicated team is available at:
800-GABELLI (422-3554)

The GDL Fund

Fund Performance for The GDL Fund
Portfolio Manager(s)
Mario J. Gabelli, CFA
Daily Performance
As of June 25, 2019
NAV/Share Change YTD 1 yr 3 yr 5 yr 10 yr Life
$ 11.09
- 0.02
+ 2.73%
+ 2.62%
+ 2.59%
+ 2.27%
+ 3.23%
+ 2.68%
Monthly Performance
As of May 31, 2019
NAV/Share YTD 1 yr 3 yr 5 yr 10 yr Life
$ 11.20
+ 2.82%
+ 3.07%
+ 2.19%
+ 2.41%
+ 3.20%
+ 2.70%
Quarterly Performance
As of March 31, 2019
  NAV/Share YTD 1 yr 3 yr 5 yr 10 yr Life
$ 11.23
+ 3.10%
+ 3.25%
+ 2.43%
+ 2.60%
+ 3.67%
+ 2.76%
Other Performance
As of June 25, 2019
% By Year
2019 + 2.73   
2018 - 1.76   
2017 + 2.50   

% By Quarter
2Q - 2019 - 0.36   
1Q - 2019 + 3.10   
4Q - 2018 - 1.60   

% By Month
06 / 2019 - 0.09   
05 / 2019 - 0.97   
04 / 2019 + 0.71   

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Inception Date: January 26, 2007

Total returns and average annual returns reflect changes in the NAV per share and reinvestment of distributions at NAV on the ex-dividend date and are net of expenses. Since inception return is based on an initial NAV of $19.06.

Returns represent past performance and do not guarantee future results. Investment returns and the principal value of an investment will fluctuate. When shares are sold, they may be worth more or less than their original cost. Consequently, you can lose money by investing in the Fund. Current performance may be lower or higher than the performance data presented. Performance returns for periods of less than one year are not annualized.

Investors should carefully consider the investment objectives, risks, charges, and expenses of the Fund before investing. You can obtain more information about the Fund by calling 1-800-GABELLI (1-800-422-3554).

The Fund’s net asset value (“NAV”) per share will fluctuate with changes in the market value of the Fund’s portfolio securities. Stocks are subject to market, economic, and business risks that cause their prices to fluctuate. Investors acquire shares of the Fund on a securities exchange at market value, which fluctuates according to the dynamics of supply and demand.

Leverage Risk. The use of leverage, which can be described as exposure to changes in price at a ratio greater than the amount of equity invested, through the issuance of preferred shares, magnifies both the favorable and unfavorable effects of price movements in the investments made by the Fund. The Fund’s use of leverage in its investment operations subjects it to substantial risk of loss.

Merger Arbitrage Risk. The principal risk associated with the Fund’s investment strategy is that certain of the proposed reorganizations in which the Fund invests may be renegotiated, terminated or involve a longer time frame than originally contemplated, in which case losses may be realized. The investment policies of the Fund are expected to lead to frequent changes in investments, which increase transaction costs to the Fund, and may also result in accelerated recognition of short-term capital gain, which will be taxable to shareholders when distributed by the Fund.