Investment objective & strategy
As of April 30, 2025 · prospectusObjective. The Fund seeks to provide investors with long term capital appreciation.
Strategy. Under normal circumstances, the Fund invests at least 65% of its total assets in equity securities of foreign issuers located in at least three countries outside the United States that Gabelli Funds, LLC (the Adviser) believes are likely to have rapid growth in revenues and earnings and potential for above-average capital appreciation. Equity securities include common and preferred stocks, securities convertible into common stocks and securities such as rights and warrants that have common stock characteristics. The Fund seeks to invest in companies that have the potential to grow faster than other companies in their respective equity markets and are priced at attractive valuation levels. The Fund intends to diversify its investments across different countries. The percentage of Fund assets … Under normal circumstances, the Fund invests at least 65% of its total assets in equity securities of foreign issuers located in at least three countries outside the United States that Gabelli Funds, LLC (the Adviser) believes are likely to have rapid growth in revenues and earnings and potential for above-average capital appreciation. Equity securities include common and preferred stocks, securities convertible into common stocks and securities such as rights and warrants that have common stock characteristics. The Fund seeks to invest in companies that have the potential to grow faster than other companies in their respective equity markets and are priced at attractive valuation levels. The Fund intends to diversify its investments across different countries. The percentage of Fund assets invested in particular countries or regions will change from time to time based on the Advisers judgment. The Fund intends to invest in the securities of companies located in developed countries and, to a lesser extent, those located in emerging markets. The Adviser may sell a holding if its fundamentals deteriorate or change in a way, as determined by the Adviser, that the investment case for the holding is no longer appropriate for the Fund.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| AGNICO EAGLE MINES LTD | — | $1.42M | 7.51% |
| CIE FINANCI-REG | — | $1.03M | 5.43% |
| Investor Aktiebolag | INVEB | $984.74K | 5.21% |
| ASTRAZENECA PLC | — | $879.93K | 4.65% |
| Hermes International SCA | — | $776.68K | 4.11% |
| ASML Holding NV | — | $684.82K | 3.62% |
| WHEATON PRECIOUS METALS CORP | — | $655.05K | 3.46% |
| Novartis AG (Registered) | NVSEF | $598.63K | 3.16% |
| L'OREAL SA ORD | — | $559.36K | 2.96% |
| RIO TINTO PLC | — | $558.96K | 2.95% |
Portfolio moves
Dec 31, 2025 → Mar 31, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| International Growth Portfolio | 31% | 0.75% |
| Variable Portfolio - Partners International Core Equity Fund | 30% | 0.82% |
| ClearBridge International Growth Fund · LGGAX, LMGTX, LMGFX, LMGRX, LMGNX, LMGPX | 30% | 0.69% |
Advisers
| Firm | Role |
|---|---|
| Gabelli Funds, LLC | Adviser |
Footnotes
- Expense ratio as of April 30, 2025, from the fund's prospectus.
- Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).
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