Past performance is no guarantee of future results.
Investors should carefully consider the investment objectives, risks, charges, and expenses of the Fund before investing.
You can obtain more information about the Fund by calling 1-800-GABELLI (1-800-422-3554).
A Fund's net asset value ("NAV") per share will fluctuate with changes in the market value of the Fund's portfolio
securities. Stocks are subject to market, economic, and business risks that cause their prices to fluctuate. Investors
acquire shares of a Fund on a securities exchange at market value, which fluctuates according to the dynamics of supply and
demand. When Fund shares are sold, they may be worth more or less than their original cost. Consequently, you can lose money
by investing in a Fund. Investment returns and the principal value of an investment will fluctuate. Current performance may be
lower or higher than the performance data presented. Performance returns for periods of less than one year are not annualized.