FILED PURSUANT TO RULE 497(e)
REGISTRATION NO. 033-01719
THE GABELLI ASSET FUND
Supplement dated August 2, 2018
to the
Statement of Additional Information dated April 30, 2018
This supplement amends certain information in the Statement of Additional Information (the SAI), dated April 30, 2018, of The Gabelli Asset Fund. Unless otherwise indicated, all other information included in the SAI, or any previous supplements thereto, that is not inconsistent with the information set forth in this supplement remains unchanged. Capitalized terms not otherwise defined in this supplement have the same meaning as in the SAI.
The following replaces the heading Investment Advisory and Other ServicesPortfolio Manager InformationOther Accounts Managed in the SAI:
Portfolio Manager Information
Other Accounts Managed
The information below provides summary information regarding other accounts for which the portfolio managers were primarily responsible for day to day management during the fiscal year ended December 31, 2017.
Name of Portfolio Manager |
Type of Accounts |
Total Number of Accounts Managed |
Total Assets | Number of Accounts Managed with Advisory Fee Based on Performance |
Total Assets with Advisory Fee Based on Performance |
|||||||||
Mario J. Gabelli, CFA |
Registered Investment Companies*: | 25 | $ | 21.3 billion | 6 | $ | 5.7 billion | |||||||
Other Pooled Investment Vehicles: | 11 | $ | 1.2 billion | 8 | $ | 939.4 million | ||||||||
Other Accounts: | 1,158 | $ | 12.5 billion | 6 | $ | 1.4 billion | ||||||||
Kevin V. Dreyer |
Registered Investment Companies: | 6 | $ | 5.2 billion | 2 | $ | 4.7 billion | |||||||
Other Pooled Investment Vehicles: | 3 | $ | 121.6 million | 0 | $ | 0 | ||||||||
Other Accounts: | 360 | $ | 2.2 billion | 0 | $ | 0 | ||||||||
Christopher J. Marangi |
Registered Investment Companies: | 7 | $ | 5.7 billion | 3 | $ | 5.0 billion | |||||||
Other Pooled Investment Vehicles: | 3 | $ | 121.6 million | 0 | $ | 0 | ||||||||
Other Accounts: | 365 | $ | 2.1 billion | 0 | $ | 0 | ||||||||
Jeffrey J. Jonas, CFA |
Registered Investment Companies: | 3 | $ | 3.1 billion | 1 | $ | 2.6 billion | |||||||
Other Pooled Investment Vehicles: | 1 | $ | 5.7 million | 1 | $ | 5.7 million | ||||||||
Other Accounts: | 7 | $ | 48.3 million | 0 | $ | 0 |
* | The total number of Registered Investment Companies (RICs) in the Fund Complex is 54. Mr. Gabelli is the sole portfolio manager of 15 RICs and part of the portfolio management team of 11 RICs. |
Shareholders Should Retain This Supplement For Future Reference