The Gabelli Growth Fund Class AAA

This fund primarily allocates its capital to common equities. Its strategy involves identifying and investing in companies whose securities, though currently undervalued, present promising potential for both earnings growth and appreciation in stock price. The investment adviser directs the fund's assets towards businesses that the portfolio manager believes possess or are developing strong market shares, healthy profit margins, and robust returns on equity. Additionally, the fund is permitted to invest up to 25% of its total holdings in securities issued by non-U.S. entities.