Fund Characteristics

• The GAMCO Westwood Balanced Fund seeks to provide capital appreciation and current income to earn a high total investment return.

• The Fund works to maintain a prudent approach to risk while maintaining a balanced investment strategy.

• The Fund typically invests 30% to 70% of its assets in equity securities and 30% to 70% in debt securities, with the balance of the Fund’s assets in cash equivalents.

Investment Strategy

• Invests in seasoned large capitalization companies

• While equity oriented, the fund seeks lower volatility than fully invested equity portfolios

• Debt securities in the strategy include investment grade corporates and government issues

Portfolio Management

Susan M. Bryne
Chief Investment Officer
Westwood Holdings Group

• Over 35 years of investment experience

• Westwood serves a variety of institutional clients, endowments and foundations

• Founded Westwood Holdings Group in 1983

• Westwood Management Corp. is the investment sub-advisor for the GAMCO Westwood Equity Fund

• Fixed Income portion managed by Mark Freeman, CFA

The Fund's share price will fluctuate with changes in the market value of the Fund's portfolio securities. Stocks are subject to market, economic and business risks that cause their prices to fluctuate. Debt securities are subject to interest rate, credit and pre-payment risk. When you sell Fund shares, they may be worth less than what you paid for them. Consequently, you can lose money by investing in the Fund.

Investors should consider the investment objectives, risks, sales charges and expense of the fund carefully before investing. The prospectus contains more complete information about this and other matters. The prospectus should be read carefully before investing. You can obtain a free prospectus by calling Teton Advisors, Inc. at 1-800-WESTWOOD (1-800-937-8966), or contacting your financial representative or by visiting http://www.tetonadv.com.

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