# EDGAR Filing Document

**Accession Number:** 0001760567
**File Stem:** 0001839882-23-004547
**Filing Date:** 2023-2
**Character Count:** 4446
**Document Hash:** 1b9ce1586589593f2a43c9a2a68208af
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001839882-23-004547.hdr.sgml**: 20230223

**ACCESSION NUMBER**: 0001839882-23-004547

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 14

**FILED AS OF DATE**: 20230223

**DATE AS OF CHANGE**: 20230223

**EFFECTIVENESS DATE**: 20230223

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Gabelli Innovations Trust
- **CENTRAL INDEX KEY:** 0001760567
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 497
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-228684
- **FILM NUMBER:** 23660462

**BUSINESS ADDRESS:**
- **STREET 1:** ONE CORPORATE CENTER
- **CITY:** RYE
- **STATE:** NY
- **ZIP:** 10580
- **BUSINESS PHONE:** 914-921-5100

**MAIL ADDRESS:**
- **STREET 1:** ONE CORPORATE CENTER
- **CITY:** RYE
- **STATE:** NY
- **ZIP:** 10580

## Series and Classes Contracts Data

### Gabelli Media Mogul Fund (Series ID: S000064856)

---

|  |  |  |
|:---|:---|:---|
| Class Name               | Ticker Symbol | Class ID   |
| Gabelli Media Mogul Fund | MOGLX         | C000209942 |

---

### Gabelli Pet Parents'(TM) Fund (Series ID: S000064857)

---

|  |  |  |
|:---|:---|:---|
| Class Name                    | Ticker Symbol | Class ID   |
| Gabelli Pet Parents'(TM) Fund | PETZX         | C000209943 |

---

## Series and Classes Contracts Data

### Gabelli Media Mogul Fund (Series ID: S000064856)

| Class ID   | Class Name               | Ticker Symbol   |
|:---|:---|:---|
| C000209942 | Gabelli Media Mogul Fund | MOGLX           |

### Gabelli Pet Parents'(TM) Fund (Series ID: S000064857)

| Class ID   | Class Name                    | Ticker Symbol   |
|:---|:---|:---|
| C000209943 | Gabelli Pet Parents'(TM) Fund | PETZX           |

?xml version="1.0" encoding="utf-8"?

FILED PURSUANT TO RULE 497(e)

REGISTRATION NO. 333-228684

**Gabelli Innovations Trust**

**Gabelli Media Mogul Fund**

**Gabelli Pet Parents'™ Fund**

(each a "Fund" and collectively, the "Funds")

**Supplement dated February 23, 2023, to each Fund's Statutory Prospectus for Class I Shares and Class A Shares, dated January 27, 2023** 

Effective February 23, 2023, each Fund's Average Annual Total Returns Table is replaced in its entirety with the following:

---

| | | | |
|:---|:---|:---|:---|
| **Average Annual Total Returns**<br> **(for the years ended December 31, 2022,**<br> **with maximum sales charge, if applicable)** | **Past<br> One Year** | **Past<br> Five Years** | **Since <br>Inception** |
| Gabelli Media Mogul Fund |  |  |  |
| Class I Shares (first issued December 1, 2016) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Return Before Taxes | (31.11)% | (4.28)% | (2.32)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Return After Taxes on Distributions | (31.32)% | (4.47)% | (2.48)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Return After Taxes on Distributions and Sale of Fund Shares | (18.26)% | (3.15)% | (1.71)% |
| Class A Shares (first issued May 17, 2022)\* |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Return Before Taxes<sup>\*</sup> | (35.15)% | (5.44)% | (3.29)% |
| S&P 500 Index (reflects no deduction for fees, expenses, or taxes) | (18.11)% | 9.42% | 11.66% |

---

\* The Class I Share NAVs are used to calculate performance for the periods prior to the issuance of Class A Shares on May 17, 2022.

---

| | | |
|:---|:---|:---|
| **Average Annual Total Returns**<br> **(for the years ended December 31, 2022,**<br> **with maximum sales charge, if applicable)** | **Past<br> One Year** | **Since <br>Inception** |
| Gabelli Pet Parents' Fund |  |  |
| Class I Shares (first issued June 19, 2018) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Return Before Taxes | (35.36)% | 2.42% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Return After Taxes on Distributions | (35.39)% | 1.86% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Return After Taxes on Distributions and Sale of Fund Shares | (20.93)% | 1.94% |
| Class A Shares (first issued May 17, 2022)\* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Return Before Taxes<sup>\*</sup> | (39.26)% | 1.03% |
| S&P 500 Index (reflects no deduction for fees, expenses, or taxes) | (18.11)% | 9.43% |

---

\* The Class I Share NAVs are used to calculate performance for the periods prior to the issuance of Class A Shares on May 17, 2022.

**Please retain this Supplement for future reference.**