GBHI is an actively managed fund seeking high total return through income and capital appreciation. It invests in income-producing securities, focusing on high-yield (BB/B rated) corporate bonds, junk bonds, and related debtoften including loans, hybrid instruments, CDOs/CLOs, and some opportunistic equities. GBHI emphasizes diversification less than 3% per issuer, less than15% per industry, typically with an average BB- rating and focusing on intermediate duration. The funds adviser uses fundamental, bottom-up research to invest in issuers with strong cash flows and improving balance sheets, seeking both yield and catalysts for capital appreciation. The fund may also invest in derivatives, foreign securities, ETFs, and money market instruments while maintaining transparency and tax efficiency. The fund is promoted for its experienced management, prioritizing disciplined risk management and capital preservation techniques.

Energy Transfer LP

Plains All American Pipeline, L.P.

Sunoco LP

Enterprise Products Partners L.P.

MPLX Lp

Western Midstream Partners, LP

Enbridge Inc.

Gaming and Leisure Properties, Inc.

VICI Properties Inc.

Blackstone Secured Lending Fund

Gabelli ETFs Trust - Gabelli High Income ETF

GBHI Holdings & Sector Breakdown