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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 before investing. Securities of smaller companies present greater risks than
securities of larger, more established companies. 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.
The fund typically invests in 40-60 companies. By concentrating in a small number of
investments, the Fund's risks are increased because each investment has a greater effect
in the Fund's performance than a Fund which is more broadly diversified.
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. |