The Fund is classified as a “non-diversified” mutual fund, which means that a greater proportion of its assets may be invested in the
securities of a single issuer than a “diversified” mutual fund. As a non-diversified mutual fund, more of the Fund’s assets may be focused
in the common stocks of a small number of issuers, which may make the value of the Fund’s shares more sensitive to changes in
the market value of a single issuer or industry than shares of a diversified mutual fund. Investing in foreign securities involves risks not
ordinarily associated with investment in domestic issues including currency fluctuations, economic and political risks.
Effective April 30, 2013, The Fund changed its name from The GAMCO Vertumnus Fund to The Gabelli Global Rising Income and Dividend Fund.
Investors should carefully consider the investment objectives, risks, charges and expenses of the Fund before investing. The prospectus, which contains more complete information about this and other matters, should be read carefully before investing. To obtain a prospectus, please call 800-GABELLI or visit www.gabelli.com.
The Gabelli Mutual Funds are distributed by G.distributors, LLC., a registered broker-dealer and member of FINRA.