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"At Gabelli Funds, we do bottom-up
research. We read annual reports, visit the competition, talk to customers
and meet a company's management before we invest. We look for a catalyst -
something happening in the company or industry that may create
value." |
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| GAMCO Westwood Mighty Mites Fund invests primarily
in micro-cap companies that have market capitalizations of $300 million or less.
The Fund will primarily invest in companies identified as having above average
sales and earnings potential or are undervalued. The Fund's primary objective is
capital appreciation. The team responsible for the investments in the Fund include
Mario J. Gabelli, Walter K. Walsh and Laura Linehan.
See the New MorningstarTM Ratings for
Gabelli Mighty Mites Fund
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The stocks of smaller companies may trade less frequently and experience more abrupt price
movements than stocks of larger companies, therefore, investing in this sector involves
special challenges. Investing in micro capitalization stocks may involve greater risk than
investing in small, medium and large capitalization stocks, since they can be subject to
more abrupt or erratic movements in price. GAMCO Westwood Mighty Mites sm
Fund may
invest in relatively new or unseasoned companies, which are in their early stages of
development, or micro cap companies positioned in new and emerging industries. Micro-cap
companies may be illiquid. Securities of micro-cap and unseasoned companies present greater
risks than securities of larger, more established companies.
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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