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TETON Westwood Balanced Fund Class A

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Portfolio Manager: Team Managed Ticker Symbol: WEBCX

Fund Performance by Year

As of May 23, 2013		  
% By Year
Year Performance     
2013 +10.53         
2012 +10.40         
2011 + 0.95         
2010 + 8.92         
2009 + 9.46         
2008 -19.50         
2007 +10.04         
2006 +12.13         
2005 + 8.95         
2004 + 8.60         
2003 +14.14         
2002 - 7.75         
2001 - 3.45         
2000 +11.14         
1999 + 7.23         
1998 +11.19         
1997 +16.16         
1996 +17.82         
1995 +28.86         
1994 - 0.41         
1993 +16.64         
1992 + 5.89         
1991 + 7.02         
Maximum
Sales Charge(%) (1)		 Gross Expense
Ratio (%) (2)		 Net Expense
Ratio (%) (3)
4.00 1.52 1.52

(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.

Inception Date: October 01, 1991
The past performance noted does not guarantee future results. Total returns and average annual returns reflect changes in share price, reinvested dividends and capital gains and are net of expenses. Due to market volatility, current performance may be lower or higher than the figures shown. Investment results and the principal value of an investment will fluctuate. When shares are redeemed, they may be worth more or less than their original cost.
Performance pertains to the Class AAA shares only. Other share classes may have different performance charecteristics.
The historical performance of Class AAA Shares was used to calculate performance for Class B and C Shares prior to their issuance. Class B Shares were issued on March 27, 2001 and Class C Shares were issued on September 25, 2001.

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 prospectus by calling 1-800-GABELLI (1-800-422-3554), or contacting your financial representative or by visiting http://www.gabelli.com.
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