The GDL Fund is a closed-ended equity mutual fund managed by Gabelli Funds that invests in public equity markets across the globe, including companies in diversified sectors, those involved in publicly announced mergers, takeovers, and corporate reorganizations. The fund benchmarks against Bank of America Merrill Lynch 3 Month U.S. Treasury Bill Index and was formerly known as Gabelli Global Deal Fund. It was created in 2006 and is based in the US.