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The Gabelli ABC FundPrintable Factsheet | Prospectus | Statement of Additional Info | Recent Quarterly Report | Recent Annual Report | XBRL | Multiclass Information |
The Gabelli ABC Fund seeks to achieve total returns that are attractive to investors in various market conditions without excessive risk of capital loss. The Fund's investment objective may not be changed without shareholder approval. Principal Investment Strategies:
The Fund invests primarily in securities that the Fund's investment adviser, Gabelli Funds, LLC believes provide attractive opportunities for appreciation or investment income. The Adviser seeks to limit excessive risk of capital loss by utilizing various investment strategies including investing in value-oriented common stocks (i.e., common stocks that trade at a significant discount to the Adviser's assessment of their 'private market value' - the value informed investors would be willing to pay to acquire the entire company), convertible securities (the income component of which makes such securities less risky than common stocks), and virtually risk-free U.S. Treasury Bills and by utilizing certain 'arbitrage' strategies. The Fund's use of arbitrage may be described as investing in 'event' driven situations such as announced mergers, acquisitions and reorganizations. When a company agrees to be acquired by another company, its stock price often quickly rises to just below the stated acquisition price. If the Adviser, through extensive research, determines that the acquisition is likely to be consummated on schedule at the stated acquisition price, then the Fund may purchase the selling company's securities, offering the Fund the possibility of generous returns relative to cash equivalents with a limited risk of excessive loss of capital. The Fund may appeal to you if:
The Fund's Class AAA shares are open to additional investments by existing shareholders and to new investors provided that new investors acquire shares of the Fund, with a minimum initial investment of $10,000 directly through the Distributor or through the Fund's Transfer Agent. There are no subsequent investment minimums. Investments through intermediaries will not be accepted. The Fund's Advisor Class is available through financial intermediaries.
The Fund's share price 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. When you sell Fund shares, they may be worth less than what you paid for them. Consequently, you can lose money by investing in the Fund.
Investors should consider the investment objectives, risks, sales charges and expense of the fund carefully before investing. The prospectus contains more complete information about this and other matters. The prospectus should be read carefully before investing.
You can obtain a free prospectus by calling at 1-800-GABELLI (1-800-422-3554), or contacting your financial representative or by visiting http://www.gabelli.com.
Distributed by G.distributors, LLC