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Gabelli Asset ETF (GAST) Completes Rebranding to Gabelli Automation ETF

Gabelli Asset ETF has been renamed Gabelli Automation ETF , reflecting its focus on investing in the automation ecosystem. This team-managed fund will not incur any fees or expenses for the first $25 million of the Fund’s assets under management.

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GAST’s investment objective is to achieve capital appreciation. The fund will seek to identify and invest in leading firms that design, develop, support, or manufacture automation equipment, related technology, software or processes, and in firms that use these technologies to automate and increase productivity in their own businesses. These businesses include industrial and service automation, robotics, artificial intelligence, autonomous driving, and related equipment and software. In pursuing this investment theme, the Fund may invest in firms in any economic sector and in any geographic region. The fund evaluates the entire ecosystem of components and technology providers that support the reshaping and upgrading of global production networks and that address tight labor markets and productivity challenges worldwide.

Leading the investment team of GAST is Brett Kearney, CFA who joined the firm in 2017. Brett graduated cum laude with a BS in business administration from Washington and Lee University and holds an MBA from Columbia Business School, where he participated in the school’s Value Investing Program. Brett has over a decade of investment management experience having worked as an analyst at Schultze Asset Management, Fidus Mezzanine Capital, and the Bond & Corporate Finance Group of John Hancock Financial Services.

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Also on the team is veteran portfolio manager and analyst, Justin Bergner, CFA, who originally joined the firm in 2005 as a metals and mining analyst, and for the last eight plus years has focused his efforts as industrial analyst following a number of broadly diversified firms. Mr. Bergner received an MBA in Finance and Accounting from the Wharton School at the University of Pennsylvania and graduated cum laude from Yale University with a BA in Economics & Mathematics.

Rounding out the team is Hendi Susanto who joined Gabelli Funds in 2007 and specializes in the broad technology sector including software, hardware, cyber security, and semiconductors. Mr. Susanto holds an MBA in finance from the Wharton School, and an MS from MIT after graduating summa cum laude with a BS from the University of Minnesota.

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