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Gabelli Media Mogul NextSharesTM

Gabelli Media Mogul NextShares invests primarily in the media, telecommunications and technology companies associated with Dr. John Malone’s Liberty Media, including its spin-offs and tracker stocks and the public companies in which it and its successors are invested.
Portfolio Manager: Christopher J. Marangi

Gabelli Food of All Nations NextSharesTM

Gabelli Food of All Nations NextShares (FOANC) invests primarily in common stocks of domestic and foreign companies of all capitalizations in the food and beverage industries.
Portfolio Manager: Kevin V. Dreyer
The Fund's share price will fluctuate with changes in the market value of the Fund's portfolio securities. Stocks are subject to market, economic and business risks that cause their prices to fluctuate. When you sell Fund shares, they may be worth less than what you paid for them. Consequently, you can lose money by investing in the Fund.

Investors should carefully consider the investment objectives, risks, charges and expenses of Gabelli NextShares before investing. The prospectus, which contains more complete information about this and other matters, should be read carefully before investing. To obtain a prospectus, please call 800-GABELLI or visit www.gabelli.com.

Industry Concentration Risks. The Fund invests a significant portion of its assets in companies in the telecommunications, media, publishing and entertainment industries and, as a result, the value of the Fund’s shares is more susceptible to factors affecting those particular types of companies and those industries, including governmental regulation, a greater price volatility than the overall market, rapid obsolescence of products and services, intense competition and strong market reactions to technological developments. As a consequence of its concentration policy, the Fund’s investments may be subject to greater risk and market fluctuation than a fund that has securities representing a broader range of alternatives.

NextSharesTM is a trademark of NextShares Solutions LLC. All rights reserved.

Creation units of Gabelli NextShares are distributed by G.distributors, LLC., an affiliate of Gabelli Funds, LLC, the investment adviser to Gabelli NextShares.The Fund's share price will fluctuate with changes in the market value of the Fund's portfolio securities. Stocks are subject to market, economic and business risks that cause their prices to fluctuate. When you sell Fund shares, they may be worth less than what you paid for them. Consequently, you can lose money by investing in the Fund.

Investors should carefully consider the investment objectives, risks, charges and expenses of Gabelli NextShares before investing. The prospectus, which contains more complete information about this and other matters, should be read carefully before investing. To obtain a prospectus, please call 800-GABELLI or visit www.gabelli.com.

Industry Concentration Risk: The Fund invests a significant portion of its assets in companies in the food and beverage industries, which includes but is not limited to, companies involved in the manufacture, sale or distribution of agricultural products; brewers, distillers and vintners; food distributors and retailers; household and consumer product companies; hypermarkets and super centers; packaged foods and meats; personal products; soft drinks and tobacco. As a result, the value of the Fund’s shares will be more susceptible to factors affecting those particular types of companies, which may include, among others, governmental regulation, greater price volatility for the overall market, rapid obsolescence of products and services, intense competition, and strong market reactions to consumer tastes and demands.

NextSharesTM is a trademark of NextShares Solutions LLC. All rights reserved.

Creation units of Gabelli NextShares are distributed by G.distributors, LLC., an affiliate of Gabelli Funds, LLC, the investment adviser to Gabelli NextShares.