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Financial Advisors - Multiclass Fund Info |
Four classes of the Fund’s shares are offered
– Class A Shares, Class B Shares,Class C Shares, and Class I Shares.
Class I Shares may be purchased only by
institutions that make an initial investment of at least $500,000 if the investor
purchases the shares directly through Gabelli & Company, Inc., the Fund’s
distributor, or brokers that have entered into selling
agreements with the Distributor specifically with respect to Class I shares.
Class B Shares are not currently available other than exchanges from Class B
shares of other Gabelli funds. The table below summarizes the
differences among the classes of shares.
- A "front-end sales load" or sales charge is a one-time fee
charged at the time of purchase of shares.
- A "contingent deferred sales charge" ("CDSC") is a one-time
fee charged at the time of redemption.
- A "Rule 12b-1 fee" is a recurring annual fee for distributing
shares and servicing shareholder accounts based on the Fund’s
average daily net assets attributable to the particular class of
shares.
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Class A
Shares |
Class B
Shares |
Class C
Shares |
Class I
Shares |
| Front End Sales Load? |
Yes. The percentage declines as the amount invested increases. |
No. |
No. |
No. |
| Contingent Deferred
Sales Charge? |
No, except for shares redeemed within
eighteen months after purchase as part of an investment greater than
$1 million if no front-end sales charge was paid at the time of purchase. |
Yes, for shares redeemed within seventy-two
months after purchase. Declines over time. |
Yes, for shares redeemed within twelve
months after purchase. |
No. |
| Rule 12b-1 Fee |
0.25% |
1.00% |
1.00% |
None. |
| Convertible to Another Class? |
No. |
Yes. Automatically converts to Class A Shares
approximately ninety-six months after purchase. |
No. |
No. |
| Fund Expense Levels |
Lower annual expenses than Class B
or Class C Shares. Higher annual expenses than Class I Shares. |
Higher annual expenses than Class A
Shares and Class I Shares. |
Higher annual expenses than Class A
Shares and Class I Shares. |
Lower annual expenses than Class A,
Class B or Class C Shares. |
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| If you... |
then you should consider... |
| qualify for a reduced or waived front end
sales load |
purchasing Class A Shares instead of
Class B Shares or Class C Shares |
| do not qualify for a reduced or waived front
end sales load and intend to hold your shares for only a few years |
purchasing Class C Shares instead of either
Class A Shares or Class B Shares |
| do not qualify for a reduced or waived
front end sales load and intend to hold your shares for several years |
purchasing Class B Shares instead of either
Class A Shares or Class C Shares |
| do not qualify for a reduced or waived
front end sales load and intend to hold your shares indefinitely |
purchasing Class A Shares |
| are an institution and wish to purchase
at least $500,000 worth of shares |
purchasing Class I Shares |
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