GAMCO GLOBAL SERIES FUNDS, INC.
The Gabelli International Small Cap 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 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 | % |
Please retain this Supplement for future reference.