The Gabelli Healthcare & Wellness Trust (GRX) NPORT-P Gabelli Healthcare & WellnessRx Trust (Sep 2019 report)

The Gabelli Healthcare & Wellness^Rx Trust

Schedule of Investments — September 30, 2019 (Unaudited)

Shares			Market Value
		COMMON STOCKS — 96.2%
		Beverages — 5.4%
	60,000	China Mengniu Dairy Co. Ltd.	$	224,683
	69,000	Danone SA		6,078,215
	41,000	ITO EN Ltd.		1,930,081
	40,000	Keurig Dr Pepper Inc.		1,092,800
	30,000	Massimo Zanetti Beverage Group SpA		192,922
	7,000	Morinaga Milk Industry Co. Ltd.		266,728
	20,000	PepsiCo Inc.		2,742,000
	30,000	Suntory Beverage & Food Ltd.		1,281,850
	424,000	Vitasoy International Holdings Ltd.		1,717,596
				15,526,875
		Biotechnology — 7.2%
	26,000	Alexion Pharmaceuticals Inc.†		2,546,440
	8,500	Bio-Rad Laboratories Inc., Cl. A†		2,828,290
	23,500	Celgene Corp.†		2,333,550
	17,500	Charles River Laboratories International Inc.†		2,316,475
	19,000	Clovis Oncology Inc.†		74,670
	2,000	Idorsia Ltd.†		49,176
	3,800	Illumina Inc.†		1,156,036
	6,500	Invitae Corp.†		125,255
	25,000	Ligand Pharmaceuticals Inc.†		2,488,500
	10,000	NeoGenomics Inc.†		191,200
	100,000	Personalis Inc.†		1,467,500
	1,200	Regeneron Pharmaceuticals Inc.†		332,880
	43,000	Spark Therapeutics Inc.†		4,170,140
	400	Tetraphase Pharmaceuticals Inc.†		2,128
	1,600	Waters Corp.†		357,168
				20,439,408
		Electronics — 2.0%
	20,000	Thermo Fisher Scientific Inc.		5,825,400
		Food — 23.1%
	15,000	Calavo Growers Inc.		1,427,700
	35,000	Campbell Soup Co.		1,642,200
	3,200	Chr. Hansen Holding A/S		271,605
	190,000	Conagra Brands Inc.		5,829,200
	67,500	Flowers Foods Inc.		1,561,275
	64,000	General Mills Inc.		3,527,680
	5,400	John B Sanfilippo & Son Inc.		521,640
	68,800	Kellogg Co.		4,427,280
	35,000	Kerry Group plc, Cl. A		4,093,322
	118,000	Kikkoman Corp.		5,631,260
	36,000	Lifeway Foods Inc.†		78,840
	23,000	Maple Leaf Foods Inc.		515,953
	15,000	MEIJI Holdings Co. Ltd.		1,093,179
	110,000	Mondelēz International Inc., Cl. A		6,085,200
	70,000	Nestlé SA		7,594,409
	50,000	Nomad Foods Ltd.†		1,025,000
	55,000	Post Holdings Inc.†		5,821,200
	148,000	The Hain Celestial Group Inc.†		3,178,300

Shares			Market Value
	29,400	The J.M. Smucker Co.	$	3,234,588
	110,000	Tingyi (Cayman Islands) Holding Corp.		154,943
	75,000	Unilever plc, ADR		4,507,500
	70,000	Yakult Honsha Co. Ltd.		3,910,289
				66,132,563
		Food and Staples Retailing — 3.9%
	81,000	CVS Health Corp.		5,108,670
	30,000	Ingles Markets Inc., Cl. A		1,165,800
	50,000	Sprouts Farmers Market Inc.†		967,000
	100,000	The Kroger Co.		2,578,000
	10,000	United Natural Foods Inc.†		115,200
	20,000	Walgreens Boots Alliance Inc.		1,106,200
				11,040,870
		Health Care Equipment and Supplies — 15.5%
	45,000	Baxter International Inc.		3,936,150
	12,000	Becton, Dickinson and Co.		3,035,520
	32,000	Boston Scientific Corp.†		1,302,080
	39,900	Cardiovascular Systems Inc.†		1,896,048
	17,000	Cutera Inc.†		496,910
	35,000	DENTSPLY SIRONA Inc.		1,865,850
	50,795	Electromed Inc.†		335,755
	30,000	Gerresheimer AG		2,151,569
	20,000	Globus Medical Inc., Cl. A†		1,022,400
	20,000	Henry Schein Inc.†		1,270,000
	15,400	ICU Medical Inc.†		2,457,840
	280,000	InfuSystems Holdings Inc.†		1,481,200
	30,000	Integer Holdings Corp.†		2,266,800
	40,000	Medtronic plc		4,344,800
	10,000	NuVasive Inc.†		633,800
	150,000	Nuvectra Corp.†		204,000
	45,000	Patterson Cos. Inc.		801,900
	9,000	Semler Scientific Inc.†		378,000
	5,000	Smith & Nephew plc, ADR		240,650
	50,000	Stericycle Inc.†		2,546,500
	12,000	Stryker Corp.		2,595,600
	30,000	SurModics Inc.†		1,372,200
	8,000	The Cooper Companies Inc.		2,376,000
	38,000	Zimmer Biomet Holdings Inc.		5,216,260
				44,227,832
		Health Care Providers and Services — 16.7%
	55,000	AmerisourceBergen Corp.		4,528,150
	20,000	Anthem Inc.		4,802,000
	50,000	Avantor Inc.†		735,000
	60,000	BioTelemetry Inc.†		2,443,800
	75,000	Covetrus Inc.†		891,750
	55,000	DaVita Inc.†		3,138,850
	428,500	Evolent Health Inc., Cl. A†		3,080,915
	50,000	HCA Healthcare Inc.		6,021,000
	27,200	Laboratory Corp. of America Holdings†		4,569,600
	15,000	McKesson Corp.		2,049,900

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The Gabelli Healthcare & Wellness^Rx Trust

Schedule of Investments (Continued) — September 30, 2019 (Unaudited)

Shares			Market Value
		COMMON STOCKS (Continued)
		Health Care Providers and Services (Continued)
	750,351	Option Care Health Inc.†	$	2,401,123
	47,574	Orthofix Medical Inc.†		2,522,374
	100,000	PetIQ Inc.†		2,726,000
	11,000	Teladoc Health Inc.†		744,920
	180,000	Tenet Healthcare Corp.†		3,981,600
	13,900	UnitedHealth Group Inc.		3,020,748
				47,657,730
		Hotels and Gaming — 0.2%
	7,500	Ryman Hospitality Properties Inc., REIT		613,575
		Household and Personal Products — 4.7%
	50,000	Church & Dwight Co. Inc.		3,762,000
	30,000	Colgate-Palmolive Co.		2,205,300
	70,000	Edgewell Personal Care Co.†		2,274,300
	30,000	Energizer Holdings Inc.		1,307,400
	12,000	The Estee Lauder Companies Inc., Cl. A		2,387,400
	13,000	The Procter & Gamble Co.		1,616,940
				13,553,340
		Pharmaceuticals — 15.9%
	60,000	Abbott Laboratories		5,020,200
	15,000	Achaogen Inc.†		180
	37,200	Allergan plc		6,260,388
	120,000	Bausch Health Cos. Inc.†		2,622,000
	44,000	Bristol-Myers Squibb Co.		2,231,240
	37,000	Cigna Corp.		5,616,230
	41,000	Johnson & Johnson		5,304,580
	1,000	Melinta Therapeutics Inc.†		3,810
	54,000	Merck & Co. Inc.		4,545,720
	70,000	Mylan NV†		1,384,600
	10,000	Paratek Pharmaceuticals Inc.†		43,200
	60,000	Perrigo Co. plc		3,353,400
	64,000	Pfizer Inc.		2,299,520
	12,000	Roche Holding AG, ADR		437,400
	151,020	Takeda Pharmaceutical Co. Ltd., ADR		2,597,544
	30,000	Zoetis Inc.		3,737,700
				45,457,712
		Specialty Chemicals — 1.6%
	37,000	International Flavors & Fragrances Inc.		4,539,530
		TOTAL COMMON STOCKS		275,014,835
		MANDATORY CONVERTIBLE SECURITIES (a) — 0.1%
		Health Care Providers and Services — 0.1%
	5,000	Avantor Inc.,
		0.730%, 05/15/22		268,450
		RIGHTS — 0.0%
		Biotechnology — 0.0%
	6,907	Tobira Therapeutics Inc.†(b)		414

Shares			Market Value
		Health Care Equipment and Supplies — 0.0%
	40,000	American Medical Alert Corp., CPR†(b)	$	400
		Pharmaceuticals — 0.0%
	3,500	Ipsen SA/Clementia, CVR†(b)		4,725
		TOTAL RIGHTS		5,539
		WARRANTS — 0.0%
		Health Care Providers and Services — 0.0%
	420	Option Care Health Inc., expire 07/27/25†		154
	420	Option Care Health Inc., expire 07/27/25†		127
				281
		TOTAL WARRANTS		281
Principal Amount
		U.S. GOVERNMENT OBLIGATIONS — 3.7%
	$10,596,000	U.S. Treasury Bills, 1.843% to 2.073%††, 10/24/19 to 12/19/19		10,574,186
		TOTAL INVESTMENTS — 100.0%
		(Cost $211,626,203)	$	285,863,291

(a)	Mandatory convertible securities are required to be converted on the dates listed; they generally may be converted prior to these dates at the option of the holder.
(b)	Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.
†	Non-income producing security.
††	Represents annualized yields at dates of purchase.
ADR	American Depository Receipt
CPR	Contingent Payment Right
CVR	Contingent Value Right
REIT	Real Estate Investment Trust

Geographic Diversification	% of Total Investments	Market Value
North America	81.4%	$	232,715,170
Europe	12.0		34,339,968
Japan	5.9		16,710,931
Asia/Pacific	0.7		2,097,222
Total Investments	100.0%	$	285,863,291

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