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FILED PURSUANT TO RULE 497(e)

REGISTRATION NO. 33-66262

 

 

GAMCO GLOBAL SERIES FUNDS, INC.

The Gabelli Global Content & Connectivity Fund

The Gabelli Global Growth Fund

The Gabelli International Small Cap Fund

The Gabelli Global Rising Income and Dividend Fund

Gabelli Global Mini MitesTM Fund

(each, a “Fund” and collectively, the “Funds”)

Supplement dated February 23, 2023, to each Fund’s Statutory Prospectus for Class AAA Shares, Class A Shares, and Class I Shares, dated April 29, 2022

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

Average Annual Total Returns

(for the years ended December 31, 2021,

with maximum sales charge, if applicable)

  Past
One Year		  Past
Five Years		  Past Ten Years
Gabelli Global Content & Connectivity Fund         
Class AAA Shares         
Return Before Taxes   5.17%   7.18%   6.80%
Return After Taxes on Distributions   3.57%   5.73%   5.65%
Return After Taxes on Distributions and Sale of Fund Shares   4.16%   5.40%   5.35%
Class A Shares               
Return Before Taxes   (0.88)%   5.91%   6.15%
Class I Shares               
Return Before Taxes   5.18%   7.63%   7.16%
MSCI AC World Communication Services Index (reflects no deduction for fees, expenses, or taxes)   10.82%   10.93%   8.94%
MSCI AC World Index (reflects no deduction for fees, expenses, or taxes)    19.04%   14.97%   12.44%

 

 Average Annual Total Returns (for the years ended December 31, 2022, with maximum sales charge, if applicable)

Average Annual Total Returns

(for the years ended December 31, 2021,

with maximum sales charge, if applicable)

  Past
One Year		  Past
Five Years		  Past Ten
Years
Gabelli Global Growth Fund         
Class AAA Shares         
Return Before Taxes   21.10%   21.87%   15.55%
Return After Taxes on Distributions   19.95%   20.34%   14.01%
Return After Taxes on Distributions and Sale of Fund Shares   13.33%   17.50%   12.55%
Class A Shares               
Return Before Taxes   14.13%   20.42%   14.86%
Class I Shares               
Return Before Taxes   21.10%   22.18%   15.96%
MSCI AC World Index (reflects no deduction for fees, expenses, or taxes)   19.04%   14.97%   12.44%
Lipper Global Large Cap Growth Fund Classification   15.15%   18.57%   13.99%

 

 
 

Average Annual Total Returns

(for the years ended December 31, 2021,

with maximum sales charge, if applicable)

  Past
One Year		  Past
Five Years		  Past Ten
Years
Gabelli International Small Cap Fund         
Class AAA Shares         
Return Before Taxes   4.16%   9.64%   8.06%
Return After Taxes on Distributions   3.76%   6.02%   6.11%
Return After Taxes on Distributions and Sale of Fund Shares   2.93%   6.98%   6.23%
Class A Shares               
Return Before Taxes   (1.76)%   7.89%   7.18%
Class I Shares               
Return Before Taxes   4.18%   9.80%   8.39%
MSCI EAFE Small Cap Index (reflects no deduction for fees, expenses, or taxes)   10.10%   11.04%   10.80%

 

 Average Annual Total Returns (for the years ended December 31, 2022, with maximum sales charge, if applicable)

Average Annual Total Returns

(for the years ended December 31, 2021,

with maximum sales charge, if applicable)

  Past
One Year		  Past
Five Years		  Past Ten
Years
Gabelli Global Rising Income and Dividend Fund         
Class AAA Shares         
Return Before Taxes   21.32%   10.01%   7.59%
Return After Taxes on Distributions   20.99%   9.78%   7.34%
Return After Taxes on Distributions and Sale of Fund Shares   13.06%   7.97%   6.14%
Class A Shares               
Return Before Taxes   14.33%   8.71%   6.91%
Class I Shares               
Return Before Taxes   21.34%   10.44%   7.91%
MSCI World Index (reflects no deduction for fees, expenses, or taxes)   22.35%   15.64%   13.32%

 

 
 

 

 Average Annual Total Returns (for the years ended December 31, 2022, with maximum sales charge, if applicable)

Average Annual Total Returns

(for the years ended December 31, 2021,

with maximum sales charge, if applicable)

  Past
One Year		  Since Inception
(October 1, 2018)
Gabelli Global Mini Mites Fund      
Class AAA Shares (first issued on 10/01/18)      
Return Before Taxes   19.25%   9.16%
Return After Taxes on Distributions   13.94%   7.14%
Return After Taxes on Distributions and Sale of Fund Shares   12.45%   6.43%
Class A Shares (first issued on 10/01/18)          
Return Before Taxes   12.52%   8.90%
Class I Shares (first issued on 10/01/18)          
Return Before Taxes   19.25%   9.24%
S&P Developed SmallCap Index (reflects no deduction for fees, expenses, or taxes)   15.18%   10.62%

 

Please retain this Supplement for future reference.