The Gabelli ABC Fund

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Fund Overview for Gabelli ABC Fund ADV

Objective

The Gabelli ABC Fund seeks to achieve total returns that are attractive to investors in various market conditions without excessive risk of capital loss.

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, 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:
  • you favor a conservative approach to investments and returns
  • you seek stability of principal more than potential growth of capital
  The Gabelli ABC Fund


Fund Structure:   Open End
Investment Style:   Merger & Arbitrage
Inception:   May 14, 1993
 
Class AAA :   GABCX
Class ADV :   GADVX
 
Portfolio Manager

 

Portfolio details as of September 30, 2014

 


Minimum initial investment is $10,000. The Class AAA Shares are open to new investors who purchase shares directly through the Distributor, G.distributors, LLC. Investments through intermediaries may be made in the Advisor Class.

Investing in foreign securities involves risks not ordinarily associated with investments in domestic issues including currency fluctuations, economic and political risks. As a non-diversified Fund, the Fund may have a larger portion of its assets in a single issuer than a more diversified fund. Because the Fund invests in announced mergers or acquisitions, the Fund is subject to the risk that the announced merger or acquisition may not be completed, may be negotiated at a less attractive price, or may not close on the expected date. The Fund may not achieve its objective and you may lose money by investing in the 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.