GAMCO Strategic Value Fund Waives Incentive Fees from June 1stThrough the End of the Year
RYE, N.Y.--(BUSINESS WIRE)-- GAMCO Investors, Inc. (GBL‐NYSE) today announced that its GAMCO Strategic Value Fund, a UCITS sub‐fund of our GAMCO International SICAV, will waive its incentive fees beginning June 1, 2013 through the end of the calendar year.
GAMCO Strategic Value is an all‐cap fund seeking absolute returns through event driven investing utilizing our proprietary methodology, (PMV)Private Market Value with a CatalystTM approach to Value Investing. Our process is fundamental, research‐driven value based investing focusing on individual stock selection by identifying undervalued stocks that have a reasonable probability of realizing their estimated PMV, the price an informed buyer would pay to own the entire business. In addition we try to identify a catalyst or event that will narrow the difference between the public market price and that of the PMV.
GAMCO Strategic Value is team managed and currently has approximately $50 million of assets under management and its share classes are tailored for European and other global institutional investors as well retail investors.
Typically, the Fund has an annual management fee of 1% for institutional investors and an incentive fee of 20%. The retail share class has a 1.5% management fee with a 20% incentive fee. Starting June 1 and through the end of the year, the incentive fees will be waived for all share classes.
Commenting on the Fund, Mario Gabelli said, "We believe the GAMCO Strategic Value Fund offers a compelling investment prospect for new investors. It's a great time to be a value investor and we're seeing a lot of opportunity for solid investment choices."
Gabelli Funds, LLC, the investment adviser to the Fund, is a subsidiary of GAMCO Investors, Inc., a publicly traded company on the NYSE (NYSE: "GBL") which manages through its subsidiaries more than $40 billion in assets of mutual funds, closed end funds, partnerships and private advisory accounts.
The Fund's share price 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. When you sell Fund shares, they may be worth less than what you paid for them. Consequently, you can lose money by investing in the Fund. Foreign securities are subject to currency, information, and political risks. The Fund is subject to the risk that the portfolio securities' PMVs may never be realized by the market, or that the portfolio securities' prices decline. The Fund is also subject to the risk that the portfolio manager's assessment of the values of the securities the Fund holds may be incorrect, which may result in a decline in the value of Fund shares.
Investors should consider carefully the investment objective, risks, charges and expenses of the Fund before investing. The prospectus contains more information about this and other matters. The prospectus should be read carefully before investing and can be found athttp://www.gabelli.com/SICAV/
SPECIAL NOTE REGARDING FORWARD-LOOKING INFORMATION
Our disclosure and analysis in this press release contain some forward-looking statements. Forward-looking statements give our current expectations or forecasts of future events. You can identify these statements because they do not relate strictly to historical or current facts. They use words such as "anticipate," "estimate," "expect," "project," "intend," "plan," "believe," and other words and terms of similar meaning. They also appear in any discussion of future operating or financial performance. In particular, these include statements relating to future actions, future performance of our products, expenses, the outcome of any legal proceedings, and financial results. Although we believe that we are basing our expectations and beliefs on reasonable assumptions within the bounds of what we currently know about our business and operations, there can be no assurance that our actual results will not differ materially from what we expect or believe. Some of the factors that could cause our actual results to differ from our expectations or beliefs include, without limitation: the adverse effect from a decline in the securities markets; a decline in the performance of our products; a general downturn in the economy; changes in government policy or regulation; changes in our ability to attract or retain key employees; and unforeseen costs and other effects related to legal proceedings or investigations of governmental and self-regulatory organizations. We also direct your attention to any more specific discussions of risk contained in our Form 10-K and other public filings. We are providing these statements as permitted by the Private Litigation Reform Act of 1995. We do not undertake to update publicly any forward-looking statements if we subsequently learn that we are unlikely to achieve our expectations or if we receive any additional information relating to the subject matters of our forward-looking statements.
GAMCO Investors, Inc.
Robert Tilson, 914‐921‐5135
Assistant Vice President
KEYWORDS: United States Europe North America New York Switzerland
The article GAMCO Strategic Value Fund Waives Incentive Fees from June 1st Through the End of the Year originally appeared on Fool.com.
Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.