The Gabelli Opportunities in Live and Sports ETF is an actively managed, fully transparent exchange-traded fund designed to pursue long-term capital appreciation by investing in companies that drive the global sports and live entertainment economy. It offers investors targeted exposure to a challenging-to-access sector, including professional sports franchises, leagues, media platforms, ticketing services, experiential venues, and related businesses with significant sports-related revenue. The ETF spans the entire sports value chain, encompassing publicly traded team ownership, global football clubs, entertainment operators, sports media distributors, athletic brands, and technology providers for fan engagement, providing broad diversification across multiple revenue streams. Managed by Chris Marangi and Alec Boccanfuso, whose expertise in media, entertainment, and sports spans decades, the fund applies Gabelli’s Private Market Value with a Catalyst™ philosophy to identify companies with durable assets, resilient cash flows, and catalysts like media rights renewals or mergers. Launched on January 2, 2026, it enables participation in this high-value asset class typically held privately, serving as a thematic complement to broader equity portfolios amid evolving industry dynamics.