Wealth Strategies: Gabelli super-concentrated... Daniel Miller - April 18, 2013

 


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Daniel Miller is a Portfolio Manager of The Gabelli Focus Five Fund.

The above webcast is an excerpt from a Reuters broadcast that appeared on April 18, 2013. The webcast is made available by Reuters and is provided on GAMCO's website for your convenience only.

GAMCO is providing these links as a matter of general information. We do not intend for these links to be a complete description of any security or company and it is not an offer or solicitation to buy or sell any security, nor is it a research report with respect to any of the companies mentioned herein.

The Portfolio Manager's views are subject to change at any time based on market and other conditions. The information in this posting represents the opinions of the individual Portfolio Manager and is not intended to be a forecast of future events, a guarantee of future results, or investment advice. Views expressed are those of the Portfolio Managers and may differ from those of other GAMCO officers, Portfolio Managers, other employees, or of the Firm as a whole. Because the investment personnel at GAMCO and our affiliates make individual investment decisions with respect to the client accounts that they manage, these accounts may have transactions inconsistent with the information contained in this posting. Certain GAMCO personnel may know the substance of the posting prior to its posting. GAMCO and its affiliates may receive compensation from the companies referenced herein or may be soliciting any company referenced herein as a client for their services.

As of March 31, 2013, The Gabelli Focus Five Fund held the following as a percentage of its net asset value: Coinstar Inc. 7.1%; Weatherford International 5.3%; RealD 4.2%. The Fund did not hold positions as of March 31, 2013 in other companies mentioned.

Discussion of any particular security or performance of any particular fund by a Reuters commentator does not represent an offer of any product or service available from GAMCO Investors, Inc. and is not representative of any portfolio of any fund or account managed by the company.

Returns represent past performance and do not guarantee future results. Current performance may be lower or higher than the performance data quoted. Through March 31, 2013, 27.10%, 9.23%, 10.52%, and 9.36% are the one year, the five year, the ten year and life of Fund (12/31/2002). The current expense ratio after reimbursement from the Adviser (through January 31, 2014) for The Gabelli Focus Five Fund Class AAA shares is 1.70%. The gross expense ratio is 2.41%. The Adviser reimbursed certain expenses to limit the expense ratio during the period from inception. Had such a limitation not been in place, returns would have been lower. The Fund imposes a 2% redemption fee on shares sold or exchanged in seven days or less after the date of a purchase. Effective January 1, 2012, the Fund changed its name and investment strategy from "The Gabelli Woodland Small Cap Value Fund" to "The Gabelli Focus Five Fund". To obtain the most recent month end performance information and a prospectus, please call 800-GABELLI or visit www.gabelli.com.

Total returns and average annual returns are historical and reflect changes in share price, reinvested dividends and capital gains and are net of expenses. Investment return and principal value will fluctuate so, upon redemption, shares may be worth more or less than their original cost. Stocks are subject to market, economic and business risks that cause their prices to fluctuate. Consequently, you can lose money by investing in the Fund.

The Fund is classified as a "non-diversified" mutual fund, which means that a greater proportion of its assets may be invested in the securities of a single issuer than a "diversified" mutual fund. As a non-diversified mutual fund, more of the Fund's assets may be focused in the common stocks of a small number of issuers, which may make the value of the Fund's shares more sensitive to changes in the market value of a single issuer or industry than shares of a diversified mutual fund.

Alpha is a measure of a fund's actual returns and expected performance, given its level of risk (as measured by beta). Beta reflects the sensitivity of the fund's return to fluctuations in the market index.

This webcast is not an offer to sell any security nor is it a solicitation of an offer to buy any security.

Investors should carefully consider the investment objectives, risks, charges and expenses of the Fund before investing. The prospectus and summary prospectus, which contains more complete information about this and other matters, should be read carefully before investing. To obtain a prospectus or summary prospectus, please call 800-GABELLI or visit www.gabelli.com.

For more information, a prospectus, or summary prospectus visit our website at: www.gabelli.com or call: 800-GABELLI
800-422-3554 914-921-5100 Fax: 914-921-5118 info@gabelli.com
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