Analysis

Key stats

About Gabelli Commercial Aerospace and Defense ETF

GCAD is an income-oriented fund that actively selects US-listed stocks of companies in the aerospace and defense industry. These include manufacturers, assemblers, and distributors of aircraft and aircraft parts, as well as firms that produce components and equipment for the defense industry, such as military aircraft, radar equipment, and weapons. To construct the portfolio, the adviser generally screens for securities that have a better yield than S&P 500s average with the potential for capital gains. Value catalysts, fundamental, and macroeconomic factors are also considered. The fund may hold preferred stocks and ADRs. GCAD is a non-transparent ETF. It does not provide daily disclosure of its portfolio holdings unlike other ETFs. As such, there is a risk that shares of the fund may trade at wider spreads, especially during periods of volatility. The fund instead, provides a verified intraday indicative value throughout the day. As with the previous Gabelli ETFs, the first $25 million of the funds AUM will incur no fees and expenses.