Gabelli High Income ETF Q1 2026 Commentary
The Gabelli High Income ETF reported a NAV total return of 0.2% for the quarter ending March 31, 2026, slightly outperforming its primary ICE BofA high yield benchmark. Following Operation Epic Fury, Brent crude climbed from $61 per barrel to $127 at the end of the quarter as transportation of oil and natural gas ceased through the Strait of Hormuz. High yield new issuance totaled $79.8 billion for the first quarter of 2026, a significant increase compared to the $68.3 billion recorded for the same period last year.
