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Gabelli’s Love Our Planet & People ETF Announces Availability at Charles Schwab And Continues Loyalty Program
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GAMCO Investors, Inc. (NYSE: GBL) announced that its Gabelli Love Our Planet & People ETF (NYSE: LOPP) is now available for investment on the Charles Schwab ETF Platform. To encourage investments, GAMCO will absorb all fees and expenses for the first $100 million invested in LOPP. Launched in February 2021, LOPP targets companies committed to sustainability, including sectors like renewable energy and waste reduction. The fund is managed by a seasoned team with expertise in sustainable investments.
Positive
GAMCO will absorb fees on the first $100 million invested in LOPP, reducing costs for early investors.
LOPP focuses on sustainable investments, targeting companies involved in renewable energy and waste reduction.
Negative
The ETF does not disclose its portfolio assets daily, which may create additional risks for investors.
Price discrepancies may occur between the purchase price of ETF shares and the actual value of its portfolio.
GREENWICH, Conn.--(BUSINESS WIRE)--
GAMCO Investors, Inc. (“GAMCO”) (NYSE: GBL) announced today that its actively managed Gabelli Love Our Planet & People ETF (NYSE: LOPP) is now available for investment on the Charles Schwab Exchange Traded Fund (ETF) Platform.
GAMCO is also extending the Loyalty Program under which it will absorb all fees and expenses on the first $100 million invested in LOPP. GAMCO is privileged to absorb all costs in an effort to underscore LOPP’s emphasis on the environment, and to help its clients invest in the future of planet earth and its people.
The February 2021 launch of Love Our Planet & People reflected a mandate to invest in companies committed to sustainable practices such as renewable energy and the reduction or recycling of long-lived wastes such as plastics. The LOPP team has extensive experience researching and investing in companies involved in forward-looking sectors including renewable power generation (wind, solar, water), electric transmission and storage, electric mobility, waste reduction and recycling, water conservation and treatment, and human nutrition throughout the world.
LOPP Team
Christopher J. Marangi joined Gabelli in 2003 as a research analyst. Currently he is a Managing Director and Co-Chief Investment Officer for Gabelli’s Value team. In addition, he currently serves as a portfolio manager of Gabelli Funds, LLC and manages several funds within the Gabelli/GAMCO Funds Complex, including the ESG Fund since 2011. Mr. Marangi graduated magna cum laude and Phi Beta Kappa with a BA in Political Economy from Williams College and holds an MBA with honors from Columbia Business School.
Lieutenant Colonel Tony Bancroft, United StatesMarine Corps Reserve, joined the firm in 2009 as an associate in the alternative investments division and is currently an analyst covering the aerospace and defense and environmental services sectors, with a focus on suppliers to the commercial, military and regional jet aircraft industry and waste services. He previously served in the United States Marine Corp as an F/A-18 Hornet fighter pilot. Tony graduated with distinction from the United States Naval Academy with a BS in systems engineering and holds an MBA in finance and economics from Columbia Business School.
Melody Bryant joined Gabelli in 2018 and serves as co-portfolio manager for the separate accounts assigned to GAMCO from Trevor, Stewart, Burton & Jacobsen. Prior to her current position, she was co-chairman of BKF Capital and a portfolio manager and managing director at Neuberger Berman. Since 2019, she has managed the Gabelli ESG Fund. Melody holds a BA from State University of New York, and attended the Leonard N. Stern School of Business.
Hanna Howard is a research analyst and covers both the packaging industry as well as the telecommunications sector with a focus on broadcasting and media companies. She joined the firm full-time in 2019 after completing an internship during the summer of 2018. Previously, she was an analyst at Steel Partners Holdings and an associate at Huron Consulting Group. Hanna graduated cum laude from Vanderbilt University with a BS in human and organizational development. She also holds an MBA with a concentration in Finance from Northwestern University’s Kellogg School of Management.
Ian Lapey joined the firm in 2018 and is the portfolio manager of The Gabelli Global Financial Services Fund and co-portfolio manager of The Gabelli ESG Fund. Prior to joining the firm he was a research analyst and partner at Moerus Capital Management LLC and before that was a partner, research analyst and portfolio manager at Third Avenue Management where in 2009 he was appointed co-manager of the flagship Third Avenue Value Fund alongside legendary value investor Marty Whitman. Ian was subsequently named sole portfolio manager of that fund in 2012. Previously he held equity research analyst positions at Credit Suisse First Boston and Salomon Brothers. He began his career as a staff accountant for Ernst & Young as a CPA (inactive). Ian holds a BA in economics from Williams College, an MBA in finance and statistics from the Stern School of Business at New York University and an MS in accounting from Northeastern University.
Ashish Sinha is an analyst focused on European equities in a generalist role. He is based in London and joined the firm in 2012. Previously he was an equity research analyst at Morgan Stanley and covered European technology, European mid-caps and European business services sector. Prior to that he worked in planning and strategy at Birla Sun Life Insurance in India. Ashish holds a Bachelor of Business Administration (BBA) from IMS, India and a Master of International Business (MPIB) from the Indian Institute of Foreign Trade (IIFT), India. He is a CFA charterholder. He is fluent in English, Hindi and Urdu.
Timothy M. Winter, CFA, joined Gabelli in 2009 and covers the utility industry. He has over 25 years of experience as an equity research analyst covering the industry. Currently, he continues to specialize in the utility industry and also serves as a portfolio manager of Gabelli Funds, LLC. Mr. Winter received his BA in Economics in 1991 from Rollins College and MBA in Finance from Notre Dame in 1992.
About Gabelli Love Our Planet & People ETF
Gabelli Love Our Planet & People ETF is a diversified, open-end management investment company whose primary investment objective is to seek capital appreciation. Under normal market conditions, the Fund will invest at least 80%, of its assets in U.S. exchange-listed common and preferred stocks of companies that meet the Fund’s guidelines for environmental responsibility at the time of investment. Your investment in the Fund is not guaranteed and you could lose some or all of the amount you invested. The Fund is managed by Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc. (NYSE:GBL).
Please read the Prospectus, including the Risk Discussion, carefully to understand the attributes and risks of this ETF before investing.
This ETF is different from traditional ETFs. Traditional ETFs tell the public what assets they hold each day. This ETF will not. This may create additional risks for your investment. For example:
You may have to pay more money to trade the ETF’s shares. This ETF will provide less information to traders, who tend to charge more for trades when they have less information.
The price you pay to buy ETF shares on an exchange may not match the value of the ETF’s portfolio. The same is true when you sell shares. These price differences may be greater for this ETF compared to other ETFs because it provides less information to traders.
These additional risks may be even greater in bad or uncertain market conditions. The differences between this ETF and other ETFs may also have advantages. By keeping certain information about the ETF secret, this ETF may face less risk that other traders can predict or copy its investment strategy. This may improve the ETF’s performance. If other traders are able to copy or predict the ETF’s investment strategy however, this may hurt the ETF’s performance. For additional information regarding the unique attributes and risks of the ETF, see the ActiveShares prospectus/registration statement.
You should consider the ETF’s investment objectives, risks, charges and expenses carefully before you invest. The ETF’s Prospectus is available from G.distributors, LLC, a registered broker-dealer and FINRA member firm, and contains this and other information about the ETF, and should be read carefully before investing.
