The Gabelli Focus Five Fund
|Fund Operating Expenses||Account Fees|
|Management||1.00 %||Sales Load:||None|
|12B-1||0.25 %||CDSC: *||None|
|Other Expenses||0.28 %||Exchange Fee:||None|
|Fee Waiver +||(0.00)%||IRA Custodian||$15 if less than $25,000|
|Total||1.53 %||Education IRA||None|
|Short Term Red. Fee||2.00 % **|
* Contingent Deferred Sales Charge
** The Funds are intended for long-term investors and not for those who wish to
trade frequently in Fund shares. The Funds believe that excessive short-term trading of Fund shares creates
risks for the Funds and their long-term shareholders, including interference with efficient portfolio
management, increased administrative and brokerage costs and potential dilution in the value of shares.
Certain of the Funds impose and retain a 2.00% redemption fee (short-term trading fee) on shares that are
sold or exchanged on or before the seventh day after the date of purchase.
Please refer to Fund's prospectus for more information on the Short term trading fee.
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”.
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.
The Fund may invest in foreign securities. Investing in foriegn securities involves risks not ordinarily associated with investment in domestic issues including currency fluctuations, economic, and political risks.
Investors should carefully consider the investment objectives, risks, charges and expenses of the Fund before investing. The prospectus, which contains more complete information about this and other matters, should be read carefully before investing. To obtain a prospectus, please call 800-GABELLI or visit www.gabelli.com.
The Gabelli Mutual Funds are distributed by G.distributors, LLC., a registered broker-dealer and member of FINRA.