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GAMCO Westwood Equity Fund invests in a diversified portfolio of common
stocks of established companies that the advisor believes may flourish in the
context of current economic and business cycles. 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 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.
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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