Fund Description: The Gabelli Equity Trust, Inc. is an exchange-traded closed-end fund or a closed-end ETF which is officially described as a non-diversified, closed-end management investment company. INVESTMENT OBJECTIVE: The Fund's primary investment objective is long-term growth of capital, with income as a secondary objective. FUND STRATEGY: The Fund seeks to achieve is objective by investing in undervalued companies with greater than average potential for growth. The Fund invests primarily in equity securities including common stock, preferred stock, convertible or exchangeable securities and warrants and rights to purchase such securities. The Fund qualifies as a regulated investment company for federal income tax purposes. FUND MANAGEMENT: The Fund's investments are selected by its Investment Adviser, Gabelli Funds, LLC.