The Fund focuses on securities of companies which appear to have favorable,
yet undervalued, prospects for earnings growth and price appreciation. The
Adviser will invest the Fund’s assets primarily in companies that the portfolio
manager believes have above-average or expanding market shares, profit margins
and returns on equity. The Adviser will sell any Fund investments that lose
their perceived value when compared to other investment alternatives in the
judgment of the portfolio manager.
The Fund's primary objective is to seek capital appreciation by employing an
earnings-driven investment approach.
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The Fund typically invests in 65 - 100 companies of which the top 15 holdings
are more heavily weighted. To ensure diversification, the maximum issue
position is 5%.
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 free prospectus
by calling Gabelli & Company, Inc. at 1-800-GABELLI (1-800-422-3554), or contacting
your financial representative or by visiting http://www.gabelli.com.
Distributed by Gabelli & Company, Inc. One Corporate Center, Rye, NY 10580.
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