MutualFundWire.com: Gabelli Rebrands a 24-Year-Old Fund
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Monday, December 09, 2013|
Gabelli Rebrands a 24-Year-Old Fund
Mario Gabelli is rebranding one of his mutual funds just ahead of its silver anniversary.
Today Rye, New York-based Gamco [profile] revealed that the three-star, $747.2-million Gabelli Value Fund is now called the Gabelli Value 25 Fund. In line with the new brand, the 25th anniversary of the fund's launch will be September 29, 2014, and the fund also overweights the 25 equity positions at the core of its portfolio.
36-year-old Gamco boasted $43.5 billion in assets under management as of September 30. The Gabelli Value Fund represents about 4.19 percent of Gamco's $17.848 billion in non-money market, mutual fund AUM.
Company Press Release
Gabelli ďValue 25Ē - The Gabelli Value Fund Name Change
Gabelli Funds, LLC announced today that The Gabelli Value Fund Inc. has changed its name to The Gabelli Value 25 Fund Inc. The name change highlights the Fundís overweighting of its core 25 equity positions and underscores the upcoming 25th anniversary of the Fundís inception.
The Fund was launched in 1989 to invest in a concentrated portfolio of equity securities believed to have favorable prospects. The Fundís diversification requirements allow it to make large commitments in industries or companies that we believe offer more dynamic growth opportunities. Using our Firmís unique approach to undervalued equities Ė Private Market Value (PMV) with a Catalyst, we apply our bottom-up research process focusing on discovering undervalued equity securities with potential catalysts in place to close the gap between the market price of the business and our estimate of its Private Market Value. Our innovative and research intensive process favors companies that can thrive in various market climates, for example, companies with pricing power, solid balance sheets, and adaptable managements. The Fund is managed by Christopher J. Marangi and Mario J. Gabelli, CFA.
The Fundís adviser is Gabelli Funds, LLC, a wholly owned subsidiary of GAMCO Investors, Inc. (GBL). GAMCO Investors, Inc., through its subsidiaries, manages private advisory accounts (GAMCO Asset Management Inc.), mutual funds and closed-end funds (Gabelli Funds, LLC), and partnerships and offshore funds (Gabelli Securities, Inc.). As of September 30, 2013, GAMCO had $43.5 billion in assets under management.
Investors should carefully consider the investment objectives, risks, sales 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.
The Gabelli Mutual Funds are distributed by G.distributors, LLC, a registered broker-dealer and member of FINRA.
Gabelli Funds, LLC
Jason Swirbul, 914-921-5496
Senior Vice President
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