GABELLI FUNDS LLC

Gabelli Funds LLC is a private investment management company that was founded in 1980. Its parent company, GAMCO Investors, which it still acts as a subsidiary under, was founded in 1976 by Mario Gabelli. The company would have its first institutional mandate in 1978 and become the top asset manager of CDA investment technologies in 1982. The company would grow and enter the mutual fund business in 1986, continuing to expand and launching its growth fund in 1987 and value fund in 1989. In the 1990s, the company would begin focusing on international growth and launch its global series in 1994. In 1997, the Gabelli mutual fund series would be ranked as the top mutual fund family by Mutual Funds Magazine. The parent company would have its IPO in 199, allowing the company to increase its capital and facilitate its growth to be able to open its London office in 2001. Gabelli Funds currently has over $26.7 billion in total assets under management that is spread across 31 accounts held, averaging to over $860 million each. Although its total number of accounts held has remained relatively steady within the past five years, its total assets under management has increased from $11.4 billion in 2010 to over twice that at its current amount. The company currently has 49 employees with its headquarters in Rye, New York, although it also has offices in Bannockburn, Illinois; Minneapolis, Minnesota; and Yardley, Pennsylvania. Almost all of its clients are investment companies and Gabelli Funds provides equity, fixed income, balanced mutual fund, and money market management services. Most of its assets are allocated in the services sector, which alone makes up over a quarter of its allocated assets, and it also invests in the utilities, financial, basic materials, technology, and health care sectors, among others, in order of amount allocated. Some of the available mutual funds include the ABC Fund, Capital Asset Fund, Focus Five Fund, SRI Fund, Value 25 Fund, and GI Rising Inc & Div.