Returns represent past performance and do not guarantee future results. Current performance may be lower
or higher than the performance data quoted. Investment return and principal value will fluctuate so, upon
redemption, shares may be worth more or less than their original cost. To obtain the most recent month end
performance information and a prospectus, please call 800-GABELLI or visit www.gabelli.com
(a) Total returns and average annual returns reflect changes in share price, reinvestment of distributions,
the full effect of any front-end sales charge and are net of expenses. The net asset value of a Fund is
reduced on the ex-dividend (payment) date by the amount if the dividend paid. Of course, returns represent
past performance and do not guarantee future results. Investment returns and the principal value of an
investment will fluctuate. When shares are redeemed they may be worth more or less than their original cost.
Investing in small capitalization securities involves special challenges because these securities may trade
less frequently and experience more abrupt price movements than large capitalization securities. Investing
in micro capitalization securities may involve greater risks than investments in small, medium and large
capitalization securities because the securities are subject to more abrupt or erratic movements in price.
Investments in foreign securities involves risks not ordinarily associated with investments in domestic
issues, including currency fluctuation, economic and political risks. Investing in gold is considered
speculative and is affected by a variety of worldwide economic, financial and political factors. Funds
concentrating in specific sectors may experience greater fluctuations in value than funds that are more
(1) Maximum Sales Charge for Class A shares is a percentage of the initial investment and may be
reduced based on the size of your investment. Class B and C shares have a contingent deferred sales charge
when you redeem your shares depending on your holding period. Please see the Fund's Prospectus or contact
your Adviser for a complete description of the applicable sales charge.
(2) Gross Expense Ratio is the expenses of the Fund reflected as a percentage of the Fund's average
daily net assets and do not include any voluntary or contractual fee waivers or expense limitations as
described in the Fund Prospectus.
(3) Net Expense Ratio is the expenses of the Fund including any voluntary or contractual fee waivers
or expense limitations as a percentage of the Fund's average daily net assets. Where applicable, please see
the Fund's Prospectus or contact your Adviser for a complete description of the fee waiver or expense
limitation, the effective date and the expiration date.
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. Investment
returns and the principal value of an investment will 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 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