GRBIC — Gabelli RBI NextShares

GRBIC Fund Overview

GRBIC — Gabelli RBI NextShares is a US mutual fund managed by Gabelli Nextshares Trust, categorised as Global (incl. US) Value Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US mutual fund
• Manager: Gabelli Nextshares Trust
• Category: Global (incl. US) Value Equity
• Ticker: GRBIC
• SEC CIK: 0001637520
• SEC series ID: S000057775
• Share class ID: C000186365

GRBIC Investment Objective and Strategy

Gabelli RBI NextShares describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Gabelli Nextshares Trust.

Investment objective

The Fund seeks to provide above average capital appreciation.

Principal investment strategy

Under normal market conditions, the Fund invests primarily in equity securities, such as common stock, of domestic and foreign services and equipment companies focused on physical asset development, including roads, bridges, and infrastructure (RBI). The Adviser selects companies which it believes are currently undervalued and have the potential to benefit from domestic and global reinvestment and development of physical assets, including roads, bridges, and other infrastructure-related industries. The Advisers investment process emphasizes a bottom-up approach to stock selection, focused on global exposure, risk mitigation, and fundamental analysis. In addition, the Adviser evaluates each company in its global universe using proprietary equity analysis, with a focus on core competencies. The Advisers investment philosophy with respect to securities is to identify assets that are selling in the public market at a discount to their private market value (PMV).

The Adviser defines PMV as the value informed purchasers are willing to pay to acquire assets with similar characteristics. The Adviser also generally evaluates an issuers free cash flow and long term earnings trends. Finally, the Adviser looks for a catalyst, something indigenous to the company, its industry or geographic positioning that may surface additional value, including, but not limited to, industry developments, regulatory changes, changes in management, sale or spin-off of a division, or the development of a profitable new business. The Fund is intended for investors seeking above average capital appreciation. It is not intended for those who wish to play short term swings in the stock market.

GRBIC Costs and Fees

GRBIC costs about $95 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.95%
• Gross expense ratio: 8.07%
• Portfolio turnover: 7%
• Brokerage commissions: 8.62 bps of average net assets (SEC N-CEN)

GRBIC Debt Constituents

No individual debt constituents are reported in Gabelli RBI NextShares's latest SEC N-PORT filing.

GRBIC Prospectus and SEC Filings

Official Gabelli RBI NextShares filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2019-02-14
• Prospectus (485BPOS) — filed 2018-02-12
• Prospectus (485BPOS) — filed 2017-06-27
• Annual census (N-CEN) — filed 2018-12-14

Related Funds

Other Global (incl. US) Value Equity funds tracked on ABC INVEST:

• FPA U.S. Value Fund, Inc. (FPPFX)
• ICON Consumer Discretionary Fund (ICCCX)
• ICON Industrials Fund (ICTRX)
• Gabelli RBI Fund (GRBIX)
• Intrepid Select Fund (ICMTX)

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.