Seeks to Unlock Value Through Strategic Catalysts and Underpriced Opportunities
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The Gabelli Asset Fund strategy focuses on investing in securities of companies that appear underpriced relative to their Private Market Value (PMV), with a specific Catalyst™ to unlock that value. PMV represents the price the Fund’s Adviser believes a strategic buyer would be willing to pay for the entire company. The team employs an all-cap, diversified approach, targeting companies across various industries, all trading below their PMV that has been determined by our experienced management team.
The Fund is a diversified, open-end investment company whose primary investment objective is growth of capital. Current income is a secondary objective.
Deep and Disciplined: The Fund utilizes our Private Market Value with a Catalyst™ approach to determine the price a strategic buyer would be willing to pay for the entire company and potential catalysts, such as buyouts or management changes, that could surface the unlocked value of the company.
Our Team: Led by Portfolio Manager and CIO of Value , Mario Gabelli along with management support from our Co-CIOs, this team has over 100 years of combined investment industry experience and expertise in value investing.
Diversification: This fund provides exposure across industries and market capitalization.
Mario J. Gabelli is the Chairman and Chief Executive Officer of GAMCO Investors, Inc., the firm he founded in 1977. A 1965 summa cum laude graduate of Fordham University’s College of Business Administration, he also holds an M.B.A. from Columbia University Graduate School of Business, and honorary doctorates from Fordham University and Roger Williams University…. More
Simon T. Wong covers the energy sector. He began his investment career at G.research (formerly Gabelli & Company) in 1997 as a specialty chemical analyst and subsequently became a generalist at Olstein Funds (now Olstein Capital Management), Lucid Asset Management, and Boyar Asset Management. Simon graduated from UCLA with a B.A. in Economics and received… More
Supported by a centralized team of 30+ sector-focused analysts supporting Growth and Value portfolios
A graphical measurement of a portfolio’s net return that simulates the performance of an initial investment of $10,000 over the given time period.
| Symbol | Company | Sector | Portfolio |
|---|---|---|---|
| AME | AMETEK INC | Industrials | 48,268,056.00 |
| SONY | SONY GROUP CORP | Consumer Discretionary | 46,847,089.00 |
| BRK/A | BERKSHIRE HATHAWAY INC | Financials | 39,922,080.00 |
| DE | DEERE & CO | Industrials | 37,193,640.75 |
| RSG | REPUBLIC SERVICES INC | Industrials | 34,787,494.80 |
| CAT | CATERPILLAR INC | Industrials | 28,844,308.00 |
| BK | BANK OF NEW YORK MELLON CORP/THE | Financials | 27,551,295.00 |
| MA | MASTERCARD INC | Financials | 26,857,880.00 |
| AXP | AMERICAN EXPRESS CO | Financials | 23,250,493.85 |
| MSGS | MADISON SQUARE GARDEN SPORTS CORP | Communication Services | 22,645,936.00 |
Gross Expense Ratio
1.08%
Net Expense Ratio
1.08%
Maximum Sales Charge
NA
The top ten holdings and sectors listed are not necessarily representative of the entire portfolio and are subject to change. The most recent semiannual report, which contains a more extensive list of holdings, is available from your financial adviser or by contacting the distributor, G. distributors, LLC.
The Fund’s share price will fluctuate with changes in the market value of the Fund’s portfolio securities. Stocks are subject to market, economic and business risks that cause their prices to fluctuate. When you sell Fund shares, they may be worth less than what you paid for them. Consequently, you can lose money by investing in the Fund.
Standard deviation is a statistical measure of the volatility of a fund’s returns. Beta measures a fund’s risk relative to its benchmark which, by definition, has a beta of 1.00. If a fund’s beta is less than 1.00, the fund is considered less risky than the market. Alpha is a measure of a fund’s actual returns and expected performance, given its level of risk (as measured by beta). Upside/downside capture ratio show you whether a given fund has outperformed, gained more or less than, a broad market benchmark during periods of market strength and weakness, and if so, by how much. R-squared is a statistic that indicates how much of a fund’s fluctuations were attributable to movements of the fund’s benchmark index.
Investors should carefully consider the investment objectives, risks, charges, and expenses of the Fund before investing. The prospectus, which contains more complete information about these and other matters, should be read carefully before investing. To obtain a prospectus, please call 800-GABELLI or visit www.gabelli.com.
Returns represent past performance and do not guarantee future results. Due to market volatility, current performance may be lower or higher than the performance data quoted. Investment return and principal value will fluctuate so, upon redemption, shares may be worth more or less than their original cost. To obtain the most recent month end performance information and a prospectus, please call 800-GABELLI or visit www.gabelli.com.
The inception date of the Fund was March 3, 1986. The Class AAA Shares’ net asset values are used to calculate performance for the periods prior to the issuance of Class A Shares and Class C Shares on December 31, 2003, and Class I Shares on January 11, 2008. The actual performance for Class A and Class C Shares would have been lower and Class I Shares higher due to the different expenses associated with those classes of shares. Performance for periods less than one year is not annualized. Class A Shares (load adjusted) includes the effect of the maximum 5.75% sales charge at the beginning of the period. Class C Shares (load adjusted) includes the effect of the applicable 1% contingent deferred sales charge for shares redeemed up to and including the last day of the twelfth month after purchase. The Fund imposes a 2% redemption fee on shares sold or exchanged in seven days or less after the date of purchase. The S&P 500 Index is an unmanaged indicator of stock market performance, its returns do not reflect any fees, expenses, or sales charges, and it is not available for direct deposit.
Not FDIC Insured. Not Bank Guaranteed. May Lose Value. The Gabelli Mutual Funds are distributed by G.Distributors, LLC., a registered broker-dealer and member of FINRA.
