GAMCO GLOBAL SERIES FUNDS, INC.
The Gabelli Global Rising Income and Dividend Fund
(the “Fund”)
Supplement dated February 23, 2023, to the Fund’s Summary Prospectus for Class AAA Shares, Class A Shares, and Class I Shares, dated April 29, 2022
Effective February 23, 2023, the 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 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 | % | ||||||
Please retain this Supplement for future reference.