Core Viewpoint - Gabelli Funds, LLC has launched the Gabelli High Income ETF (GBHI), focusing on high total returns and capital preservation through investments in high-yield corporate bonds and other securities [1][2]. Group 1: Fund Overview - The Gabelli High Income ETF is actively managed and aims to provide attractive income opportunities while maintaining disciplined risk management [2]. - The fund will primarily invest in upper-tier high yield corporate bonds, along with select investment-grade, hybrid, or equity-related securities [2]. - The investment strategy emphasizes a bottom-up, research-driven approach, targeting companies with strong balance sheets and consistent cash flow [2]. Group 2: Management and Strategy - Wayne Plewniak, with over 35 years of industry experience, manages the fund and leads Gabelli's fixed income platform [4]. - The ETF will maintain an average credit quality of BB- and an effective duration target between two and five years under normal market conditions [3]. - The fund aims to avoid over-leveraged or distressed issuers, ensuring a focus on capital preservation [3]. Group 3: Company Commitment - The launch of GBHI is part of Gabelli's strategy to expand its ETF suite and enhance access to its fixed income capabilities [3]. - The firm is dedicated to providing efficient and transparent ETF vehicles to a broader audience [3].