# EDGAR Filing Document

**Accession Number:** 0000783898
**File Stem:** 0001999371-25-014863
**Filing Date:** 2025-10
**Character Count:** 2687
**Document Hash:** 167523673a3f8f48c02c02d63ddbddc9
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001999371-25-014863.hdr.sgml**: 20251007

**ACCESSION NUMBER**: 0001999371-25-014863

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20251007

**DATE AS OF CHANGE**: 20251007

**EFFECTIVENESS DATE**: 20251007

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** GABELLI ASSET FUND
- **CENTRAL INDEX KEY:** 0000783898

**ORGANIZATION NAME:**
- **EIN:** 133331485
- **STATE OF INCORPORATION:** NY
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 497
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 033-01719
- **FILM NUMBER:** 251380522

**BUSINESS ADDRESS:**
- **STREET 1:** ONE CORPORATE CENTER
- **CITY:** RYE
- **STATE:** NY
- **ZIP:** 10580
- **BUSINESS PHONE:** 8004223554

**MAIL ADDRESS:**
- **STREET 1:** ONE CORPORATE CENTER
- **STREET 2:** 100 PARK AVENUE
- **CITY:** RYE
- **STATE:** NY
- **ZIP:** 10580

## Series and Classes Contracts Data

### THE GABELLI ASSET FUND (Series ID: S000001087)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| CLASS A    | GATAX         | C000002940 |
| CLASS C    | GATCX         | C000002942 |
| CLASS AAA  | GABAX         | C000002943 |
| CLASS I    | GABIX         | C000034307 |

---

## Series and Classes Contracts Data

### THE GABELLI ASSET FUND (Series ID: S000001087)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000002940 | CLASS A      | GATAX           |
| C000002942 | CLASS C      | GATCX           |
| C000002943 | CLASS AAA    | GABAX           |
| C000034307 | CLASS I      | GABIX           |

**Filed Pursuant to Rule 497(e)**

**Registration No. 033-01719**

**THE GABELLI ASSET FUND**

**Supplement dated October 7, 2025<br> to<br> Statutory Prospectus and Statement of Additional Information, each dated April 30, 2025**

This supplement amends certain information in the Prospectus (the "Prospectus") and Statement of Additional Information (the "SAI"), each dated April 30, 2025, of The Gabelli Asset Fund (the "Fund"). Unless otherwise indicated, all other information included in the Prospectus and 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 Prospectus and SAI, as applicable.

**Removal of Portfolio Manager**

Effective October 1, 2025, Jeffrey J. Jonas is no longer a member of the Fund's portfolio management team. Accordingly, all references to Mr. Jonas are removed from the Prospectus and SAI.

**\*\*\*\*\***

**SHAREHOLDERS SHOULD RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE**