ETF Evaluator:
Gabelli High Income ETF ()
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(as of Aug 26)
Best Performing in High Yield Bond Over the Last Year
| 7.6% | Fidelity Sustainable High Yield ETF (FSYD) |
| 7.4% | Horizon Flexible Income ETF (FLXN) |
| 6.7% | iShares Interest Rate Hdg Hi Yld Bd ETF (HYGH) |
| 6.6% | Fidelity Enhanced High Yield ETF (FDHY) |
| 6.3% | Harbor Ares Systematic High-Yield ETF (SIHY) |
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ETF Details
Gabelli High Income ETF Overview
Gabelli High Income ETF (GBHI) is an actively managed Taxable Bond High Yield Bond exchange-traded fund (ETF). Gabelli launched the ETF in 2025.
The investment seeks high total return, comprised primarily of current income and secondarily of capital appreciation.
The fund is an actively managed ETF. The fund seeks to achieve its investment objective by investing, as a principal strategy, at least 80% of its net assets in a broad range of income producing securities, including debt, equity and hybrid instruments (the “80% Policy”). As part of the 80% Policy, under normal market conditions, the fund will attempt to achieve its investment objective primarily by investing in high-yield corporate bonds and other debt instruments, with an emphasis on those rated below investment grade.
About Gabelli High Income ETF (GBHI)
There are 1 members of the management team with an average tenure of 0.71 years: Wayne Plewniak (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.
Gabelli High Income ETF has 92 securities in its portfolio. The top 10 holdings constitute 19.2% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Gabelli High Income ETF is part of the Fixed Income global asset class and is within the Taxable Bond ETF group. Gabelli High Income ETF has 10.5% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 3.6% There is 0.4% allocated to foreign stock, and 0.4% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 95.7% (85.6% domestic bond, 10.0% foreign bond and 0.0% convertible bond). Gabelli High Income ETF has 0.0% of the portfolio in cash.
Assets Under Management
The fund has $6 million in total assets, which is below the $1 billion average for the High Yield Bond category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
GBHI Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Gabelli High Income ETF expense ratio is low compared to funds in the High Yield Bond category. Gabelli High Income ETF has an expense ratio of 0.01%, which is 97% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Gabelli High Income ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 69% for the High Yield Bond category.
Recently, in the month of July 2026, Gabelli High Income ETF returned -0.2%, which earned it a grade of C, as the High Yield Bond category had an average return of -0.2%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Gabelli High Income ETF has a trailing yield of 0.00%, which is below the 6.77% category average.
The fund normally distributes its income quarterly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Gabelli High Income ETF Grades
Year to date, the ETF has returned 2.1%, 0.4 percentage points better than the category, which translates into a grade of B.
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GBHI Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| GBHI Return (NAV) | -0.2% | 0.4% | na | na | na | na |
| GBHI Return (Price) | -0.1% | 0.7% | na | na | na | na |
| NAV +/- Price Return | -0.103% | -0.370% | na | na | na | na |
| High Yield Bond Avg | -0.2% | 0.5% | 5.0% | 7.8% | 3.8% | 5.0% |
| GBHI Grade (NAV) | C | D | na | na | na | na |
| +/- Category (NAV) | 0.0% | -0.2% | na | na | na | na |
| GBHI Tax-Cost Ratio | na | na | na | na | na | na |
GBHI Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| GBHI Return (NAV) | 2.1% | na | na | na | na | na | na | na | na | na | na |
| GBHI Return (Price) | 2.3% | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | 0.088% | na | na | na | na | na | na | na | na | na | na |
| High Yield Bond Avg | 1.7% | 8.4% | 7.5% | 12.4% | -10.1% | 4.2% | 6.1% | 13.4% | -2.3% | 7.1% | 13.0% |
| GBHI Grade (NAV) | B | na | na | na | na | na | na | na | na | na | na |
| +/- Category | 0.4% | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | -- |
| Total Assets: | $ 6 Mil |
| Share Class Assets: | $ 6 Mil |
| Turnover: | 0.0% |
| Expense Ratio: | 0.01% |
| Index Fund: | No |
| Index Tracked: | N/A |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 0.7 years | |||
| Average Tenure: 0.7 years | |||
| Managers (Year): Plewniak Wayne (2025) | |||
Portfolio Composition (as of 3/31/26)
| # of Holdings: | 92 |
| % in Top 10 Holdings: | 19.2% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 10.5% |
Portfolio Allocation |
|
| Domestic Stock: | 3.6% |
| Foreign Stock: | 0.4% |
| Preferred Stock: | 0.4% |
| Domestic Bond: | 85.6% |
| Foreign Bond: | 10.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.0% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Gabelli |
| Phone Number: | 800-422-3554 |
| Website: | |
| Inception Date: | November 14, 2025 |
Expenses and Fees
| Expense Ratio (%): | 0.01% (Rating: Low) |
| Category Average Expense Ratio (%): | 0.40% |
