Gabelli Healthcare & WellnessRx Trust Business Summary

Gabelli Healthcare & WellnessRx Trust (GRX) is a diversified, closed-end management investment company that generates revenue primarily through a 1.00% annual advisory fee on average weekly net assets, supplemented by investment income and realized capital gains from its portfolio. The Trust allocates at least 80% of its assets to equity and income-producing securities within the healthcare and wellness sectors, including pharmaceuticals, biotechnology, medical devices, and consumer-focused wellness segments like nutrition and weight management. As of early 2026, the fund maintains a strategy focused on long-term capital growth and quarterly distributions, though it frequently trades at a significant discount to its Net Asset Value (NAV). Its primary direct competitors include the BlackRock Health Sciences Trust (BME), the abrdn Healthcare Opportunities Fund (THQ), and the Health Care Select Sector SPDR Fund (XLV), relative to which GRX positions itself as an actively managed, income-oriented alternative despite historical underperformance against passive sector benchmarks. Founded in 2007 by legendary value investor Mario J. Gabelli, the Trust is managed by Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc. The leadership team is anchored by Mario J. Gabelli, CFA, who serves as Chairman, CEO, and lead Portfolio Manager, bringing over four decades of experience in fundamental bottom-up research. He is supported by Co-CIO of Value Kevin V. Dreyer and a specialized portfolio management team including Daniel Barasa, Jeffrey J. Jonas, Jennie Tsai, and Sara Wojda. The Board of Trustees features prominent figures such as Douglas R. Jamieson (Co-CEO of GAMCO), Raymond C. Avansino (CEO of the E.L. Wiegand Foundation), and Elisa M. Wilson (President of the Gabelli Foundation). Institutional investors hold approximately 40% of the Trust’s shares, with Mario Gabelli maintaining a substantial personal stake, underscoring strong insider alignment with the fund’s long-term objectives.