Statement of Additional Info - Gabelli

MANAGEMENT OF THE FUNDS
Under Massachusetts law, the Trust’s Board is responsible for establishing the Funds' policies and for overseeing
management of the Funds. The Board also elects the Trust's officers who conduct the daily business of the Funds.
Information pertaining to the Trustees and executive officers of the Funds is set forth below.
Name, Position(s)
Address 1
and Age
Term of
Office and
Length of
Time Served 2
Number of
Funds in Fund
Complex
Overseen by
Trustee
Principal Occupation(s)
During Past Five Years
Other Directorships
Held by Trustee
During Past Five Years 3
INDEPENDENT
TRUSTEES:
Anthony J. Colavita
Trustee
Age: 78
Since 1994
36 President of the law
firm of Anthony J.
Colavita, P.C.
_
James P. Conn
Trustee
Age: 76
Werner J. Roeder
Trustee
Age: 73
Since 1994
Since 1994
20 Former Managing
Director and Chief
Investment Officer of
Financial Security
Assurance Holdings, Ltd.
(1992-1998)
23 Medical Director of
Lawrence Hospital and
practicing private
physician
_
_
Salvatore J. Zizza
Trustee
Age: 68
Since 2004
30 Chairman of Zizza &
Associates Corp.
(financial consulting);
Chairman of Metropolitan
Paper Recycling Inc.
(recycling); Chairman of
Harbor BioSciences, Inc.
(biotechnology)
Director and Vice Chairman of
Trans-Lux Corporation (business
services); Director and Chairman of
Harbor Diversified Inc.
(pharmaceutical); Chairman of Bion
Environmental Technologies
(technology); Director, Chairman,
and CEO of General Employment
Enterprises (staffing services) (2009-
2012)
1 Address: One Corporate Center, Rye, NY 10580-1422, unless otherwise noted.
2 Each Trustee will hold office for an indefinite term until the earliest of (i) the next meeting of shareholders, if any, called for the
purpose of considering the election or re-election of such Trustee and until the election and qualification of his or her successor, if
any, elected at such meeting, or (ii) the date a Trustee resigns or retires, or a Trustee is removed by the Board of Trustees or
shareholders, in accordance with the Trust’s Amended By-Laws and Amended and Restated Declaration of Trust.
3 This column includes only directorships of companies required to report to the SEC under the 1934 Act, (i.e. public companies) or
other investment companies registered under the 1940 Act.
24