+ The Adviser contractually has agreed to waive its investment advisory fees and/or to reimburse expenses of the Fund to the extent necessary to maintain the Total Annual Operating Expenses (excluding brokerage, interest, taxes and extraordinary expenses) at no more than 1.25% for Class AAA Shares, 1.50% for Class A Shares, 2.00% for Class C Shares, and 1.00% for the Class I Shares. The fee waiver and expense reimbursement arrangement will continue until at least through January 31, 2019.
* 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.
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.
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.