Fund Objective
Home
Mutual Funds (Open-End)



  Fund Facts
   - Objective
   - General Information
   - Multiclass Information
   - Printable Factsheet - PDF
     (Holdings, Allocation & Statistics)
   - Prices & Performance
   - Risk Reward Spectrum
   - Dividend & Tax Info
   - Manager Information
   - Recent Press & News

  Documents
   - Prospectus
   - Multiclass Prospectus
   - Investment Application
   - IRA Transfer Form
   - Recent Annual Report - PDF
   - Historical Quarterly Reports
   - Statement of Additional Info - PDF
     (Requires Acrobat Reader)
   - Proxy Voting Records
   - Back to Factsheet Home

 

The Gabelli Asset Fund
One Corporate Center
Rye, New York 10580-1422

Information as of Sep 30, 2009
unless otherwise noted.
The Gabelli Asset Fund - Objective
 

The Gabelli Asset Fund seeks to provide growth of capital. Capital is the amount of money you invest in the Fund. The Fund's secondary goal is to provide current income.

Principal Investment Strategies:
The Fund will primarily invest in common stocks and preferred stocks and may also invest in securities which may be converted into common stocks. In making stock selections, the Fund strives to earn a 10% real rate of return. The Fund focuses on companies which appear underpriced relative to their private market value (PMV). PMV is the value the Fund's investment adviser,Gabelli Funds, LLC, believes informed investors would be willing to pay for a company.

The Fund may appeal to you if:

  • you are a long-term investor
  • you seek growth of capital
  • you believe that the market will favor value over growth stocks over the long term
  • you wish to include a value strategy as a portion of your overall investments

    You may not want to invest in the Fund if:

  • you are seeking a high level of current income
  • you are conservative in your investment approach
  • you seek stability of principal more than growth of capital
    •  

    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.

    Investors should consider the investment objectives, risks, sales charges and expense of the fund carefully before investing. The prospectus contains more complete information about this and other matters. The prospectus should be read carefully before investing.

    You can obtain a free prospectus by calling Gabelli & Company, Inc. at 1-800-GABELLI (1-800-422-3554), or contacting your financial representative or by visiting http://www.gabelli.com.

    Distributed by Gabelli & Company, Inc. One Corporate Center, Rye, NY 10580.