Gabelli Funds Launches Ned Davis Research Asset Allocation Fund.Business Editors RYE, N.Y.--(BUSINESS WIRE)--March 31, 2003 Gabelli Funds, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control (Adviser) and Ned Davis Research, Inc. (Sub-Adviser) are pleased to announce the launch of the Ned Davis Research Asset Allocation Fund asset allocation fund An investment company that varies the proportion of its portfolio devoted to stocks, bonds, and money market securities in order to reduce the variability of returns and to take better advantage of different segments of the securities . The Ned Davis Research Asset Allocation Fund joins the Gabelli family of funds Family of Funds A group of mutual funds offered by one investment or fund company. Each mutual fund has different characteristics and can range depending on investment objective. Also referred to as a "Mutual Fund Family" or simply a "Fund Family". in the newly formed "Quantitative" category. This fund will be a member of the Gabelli Non-Market Correlated Mutual Fund Group, which is comprised of the following funds and their categories:
Gabelli Non-Market Correlated Mutual Fund Group
Ned Davis Research Asset Allocation Quantitative
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Gabelli ABC Merger and Arbitrage
Gabelli Gold Sector
Comstock Capital Value Contrarian
Comstock Strategy Contrarian
The Ned Davis Research Allocation Fund is a diversified, registered investment company, whose proprietary quantitative asset allocation Asset Allocation The process of dividing a portfolio among major asset categories such as bonds, stocks or cash. The purpose of asset allocation is to reduce risk by diversifying the portfolio. , stock selection and bond duration methodologies seek to beat a weighted composite benchmark consisting of 60% in the S&P 500 Index and 40% in the Lehman Long Term U.S. Government Bond Index, while controlling overall portfolio risk. The Fund's primary investment objective is long term capital appreciation, and secondarily, current income. The Fund follows a flexible asset allocation strategy by investing in different asset class mixes of stocks, bonds, and cash. Ned Davis Research, Inc. (NDR NDR Norddeutscher Rundfunk NDR non-delivery report (email) NDR Network Data Representation NDR National Driver Register NDR Non-Delivery Receipt (email) NDR Negative Differential Resistance ) bases its asset allocation decisions on complex mathematical models and generally reassesses allocation levels weekly. The NDR portfolio management team makes all investment decisions for the Fund. Ned Davis Research, Inc. is an independent institutional investment research and advisory firm established in 1980. The firm, with clients in over 32 countries, has one of the most comprehensive independent research product offerings and financial databases available. Gabelli Funds, LLC, is a subsidiary of Gabelli Asset Management Inc., a publicly traded company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. on the NYSE NYSE See: New York Stock Exchange (NYSE: GBL GBL Gamma-Butyrolactone GBL government bill of lading (US DoD) GBL Ground-Based Laser GBL Game Boy Light GBL General Bearing Line GBL Generation Breakdown List GBL Ground-Based Laboratory GBL Green Bus Lines, Inc. ), which manages, through its subsidiaries, more than $21 billion in assets of mutual funds, closed end funds, partnerships and private advisory accounts. The Ned Davis Research Asset Allocation Fund offers multiple classes of shares through Gabelli & Company, Inc. and through financial consultants, advisers and other intermediaries. Shares are available for a minimum initial investment of $1,000. The prospectus contains more complete information, including fees and expenses and should be read carefully before investing or sending money. The above Funds may use derivatives, which pose special risks and may not be suitable for certain investors because they may respond more to changes in economic conditions than other investments. Investments related to gold and other precious metals Precious Metals Valuable metals such as gold, iridium, palladium, platinum, and silver. Notes: Investing in precious metals can be done either by purchasing the physical asset, or by purchasing futures contracts for the particular metal. are considered speculative and are affected by a variety of worldwide economic, financial and political factors. To obtain a prospectus, please contact Gabelli & Company, Inc., the Distributor of the Funds, at 1-800-GABELLI (422-3554) or at www.gabelli.com. |
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