GABF vs TRUT

GABFFGabelli Financial Services Opportunities ETF

TRUTBVanEck Technology TruSector ETF

In short

GABF Mario Gabelli's deal-hunting playbook, pointed at one sector: GABF runs an actively managed, concentrated book of financial-services stocks picked on what a strategic buyer would pay and what might unlock that value.

TRUT Diversification rules force most tech ETFs to trim their biggest names. TRUT's answer: own the giants directly up to the legal line, then top up with sector ETFs so the portfolio mirrors the sector's real shape.

Stated mandate

GABF The Fund seeks concentrated exposure to companies principally engaged in financial-services industries, investing at least 80% of net assets in those companies' securities under normal conditions.

TRUT The Fund seeks long-term capital appreciation through active investment in securities of information technology-related companies or instruments providing exposure to them.

Why people hold it

• GABF Private Market Value with a Catalyst: holdings are sized against what a strategic buyer would pay for the whole company, with an eye on the trigger (buyout, management change) that could surface it.gabelli.com
• Active and fully transparent: holdings are disclosed daily, so the concentrated, non-diversified portfolio is visible rather than inferred from quarterly reports.gabelli.comgabelli.com 2
• A narrow, clearly drawn mandate: at least 80% of net assets in financial-services companies under normal conditions, run with a value discipline instead of as an index clone.

• TRUT The mechanism is the point. Fund rules cap one stock at 25% and stocks above 5% at 50% combined; TRUT fills the gap with targeted sector ETFs instead of overweighting smaller names.vaneck.comvaneck.com 2
• 0.14% a year for an actively managed fund, against a median near 0.65% across active US equity peers. Cheap enough to sit alongside index products.
• One of the two originals in VanEck's TruSector line, launched in 2025. The approach has since been extended across all 11 GICS sectors.vaneck.comvaneck.com 2
• About 80 positions, quarterly distributions, and steady day-to-day trading. On cost and tradability it lands in the upper tier of its active US equity cohort.

Worth knowing

• GABF Costs 1.24% net of a waiver through April 30, 2027 (1.64% gross), above the category median; index-style rivals such as TRUT (0.14%) and AVRE (0.17%) sit far below.
• A small fund that trades lightly, which can mean wider bid-ask spreads and more price impact on larger orders than the category's household names.
• Non-diversified and tied to one sector, so a single issuer or a financials-wide swing moves it hard; cash goes out once or twice a year, not monthly.gabelli.com

• TRUT Part of the exposure arrives through other ETFs rather than shares the fund holds outright. That is the workaround that makes uncapped weights possible, and it adds a layer.vaneck.com
• Uncapped means concentrated. Leaning fully into tech's largest companies ties results to a handful of mega-caps more tightly than a capped sector fund would.vaneck.com
• Launched August 2025, so there is only a short record of how closely the hybrid build actually shadows an uncapped tech benchmark.

Full GABF profile⁠

Full TRUT profile⁠