In an effort to increase returns and minimize the risk of loss, the Fund has been conservatively managed for many years using the discipline of historical precedent valuation analysis. To assume that virtually all traditional fundamental valuation benchmarks would substantially exceed their 73-year old upper limits, for more than a short time, would seem imprudent based on historical analysis. However unlikely, over the last several years these measures have far surpassed all previous levels, setting all-time records for both degree and duration. Despite this recent experience, investing for the long term does not necessarily mean buying or holding stocks whose prices far exceed their intrinsic economic worth. If you are an investor who is skeptical that a buy and hold equity strategy will be appropriate for the future and would like a Fund that has the potential to take advantage of a bear market, then the Gabelli Mathers Fund may be a timely investment.
Past performance is no guarantee of future results.
The returns shown above are historical and reflect changes in share price, reinvested dividends and capital gains, and are net of expenses. Investment returns and the principal value of an investment will fluctuate. When shares are redeemed, they may be worth more or less than their original cost. The prospectus contains more complete information, including fees and expenses, and should be read carefully before investing or sending money. This information is not authorized for distribution unless preceded or accompanied by a current prospectus.