Gabelli Asset Fund (The)
GABAX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- One Corporate Center Rye NY United States of America 10580
- IPO Date
- Feb 28, 1986
- CIK
- 0000783898
- Website
- gabelli.com
- Similar Companies
- Business
- The Gabelli Asset Fund (GABAX) is a diversified, open-end mutual fund managed by Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc., that seeks growth of capital as its primary objective and current income as a secondary goal. The fund primarily invests in common stocks and preferred stocks of companies that appear underpriced relative to their Private Market Value (PMV), which represents the estimated price a strategic buyer would pay for the entire company, employing a Private Market Value with a Catalyst™ investment approach to identify catalysts such as buyouts or management changes that could unlock value; it adopts an all-cap, diversified strategy across industries, with at least 80% of assets normally in listed stocks and up to 25% in non-U.S. issuers, striving for a targeted 10% real rate of return. It offers multiple share classes including Class AAA (GABAX, no sales charge), Class A (GATAX), Class C (GATCX), and Class I (GABIX), with dividends and capital gains distributed annually and a 2% redemption fee on shares sold within seven days. Incepted on March 3, 1986, the fund is headquartered at One Corporate Center in Rye, New York, where GAMCO Investors maintains its corporate offices, and operates primarily for U.S. investors through platforms available in the United States. The portfolio is led by Mario J. Gabelli, CFA, Chairman and CEO of GAMCO with over 60 years of investment experience since founding the firm in 1977, supported by co-portfolio managers including Hendi Susanto (technology sector), Simon T. Wong, CFA (energy), Brian Sponheimer (infrastructure and industrials), Ashish Sinha, CFA (European equities), and Ronald J. Marangi, alongside a team of over 30 sector-focused analysts. Recent developments include GAMCO's partnership with Keeley-Teton Advisors formalized on May 1, 2025, acquiring management contracts for four open-end funds and approximately 500 separately managed accounts, adding nearly $1.0 billion in assets under management while integrating Keeley teams to continue servicing clients unchanged. In Q3 2025, GAMCO expanded its ETF offerings with planned launches such as the Gabelli High Income ETF (GBHI), Keeley Dividend ETF (KDVD), and Gabelli Opportunities in Live and Sports ETF (GOLS), alongside transitioning four semi-transparent ETFs to full transparency by mid-December 2025; the firm also reported Q3 AUM of $35.0 billion (up 9% year-over-year), authorized a 25% dividend increase to $0.10 per share, additional share buybacks, and a $2.5 million charitable contribution via the Gabelli Funds Foundation launched in September 2024. These strategic moves enhance Gabelli's capabilities in value investing and alternative products amid strong liquidity with $200.8 million in cash and no debt as of Q3 2025.