Gallery Trust NPORT-P Mondrian Global Equity Value Fund (Jul 2020 report)

Gallery Trust	Mondrian International Value Equity Fund
	July 31, 2020 (Unaudited)

SCHEDULE OF INVESTMENTS
COMMON STOCK — 98.3%
	Number of Shares		Value (U.S. $)
AUSTRALIA — 1.1%
QBE Insurance Group Ltd		763,308	$	5,404,366
Total Australia				5,404,366
CHINA — 2.1%
China Mobile Ltd		1,516,000		10,386,643
Total China				10,386,643
DENMARK — 1.2%
ISS A/S *		379,918		5,840,269
Total Denmark				5,840,269
FRANCE — 7.9%
Cie de Saint-Gobain SA *		446,429		16,391,448
Sanofi SA		161,084		16,802,314
Societe Generale SA *		338,830		5,182,251
Total France				38,376,013
GERMANY — 9.0%
Allianz SE		68,258		14,168,924
Continental AG		160,440		15,603,085
Deutsche Telekom AG		262,535		4,380,583
Evonik Industries AG		353,306		9,517,991
Total Germany				43,670,583
HONG KONG — 6.7%
CK Hutchison Holdings Ltd		2,232,000		14,557,837
Jardine Matheson Holdings Ltd		137,915		5,652,624
WH Group Ltd		13,927,500		12,381,517
Total Hong Kong				32,591,978
ITALY — 4.6%
Enel SpA		1,496,071		13,620,832

1

Gallery Trust	Mondrian International Value Equity Fund
	July 31, 2020 (Unaudited)

COMMON STOCK — continued
	Number of Shares		Value (U.S. $)
ITALY (continued)
Eni SpA		969,343	$	8,610,622
Total Italy				22,231,454
JAPAN — 27.3%
Coca-Cola Bottlers Japan Holdings Inc		447,900		6,664,234
FUJIFILM Holdings Corp *		293,800		13,092,009
Fujitsu Ltd		69,200		9,230,589
Honda Motor Co Ltd *		530,200		12,642,056
Isuzu Motors Ltd *		426,000		3,458,948
Kyocera Corp		265,000		14,630,013
Mitsubishi Electric Corp		740,200		9,583,337
Nippon Telegraph & Telephone Corp		294,900		6,807,313
Otsuka Holdings Co Ltd		260,600		10,758,320
Sekisui Chemical Co Ltd		587,900		7,953,076
Sony Corp		111,200		8,483,786
Takeda Pharmaceutical Co Ltd		382,700		13,579,153
Tokio Marine Holdings Inc		207,352		8,689,372
Toyota Industries Corp		146,600		7,395,437
Total Japan				132,967,643
NETHERLANDS — 3.4%
Ahold Delhaize NV		149,437		4,307,450
Royal Dutch Shell PLC Class B		882,591		12,486,640
Total Netherlands				16,794,090
SINGAPORE — 3.9%
Singapore Telecommunications Ltd		3,159,902		5,729,304
United Overseas Bank Ltd		935,040		13,160,525
Total Singapore				18,889,829
SPAIN — 2.5%
Banco Santander SA *		4,049,030		8,626,242

2

Gallery Trust	Mondrian International Value Equity Fund
	July 31, 2020 (Unaudited)

COMMON STOCK — continued
	Number of Shares		Value (U.S. $)
SPAIN (continued)
Naturgy Energy Group SA		186,292	$	3,454,038
Total Spain				12,080,280
SWEDEN — 2.7%
Telia Co AB		3,393,112		13,170,080
Total Sweden				13,170,080
SWITZERLAND — 5.7%
ABB Ltd		549,700		13,686,150
Novartis AG		119,597		9,869,319
Zurich Insurance Group AG		11,242		4,132,700
Total Switzerland				27,688,169
TAIWAN — 2.6%
Taiwan Semiconductor Manufacturing Co Ltd		825,000		11,983,051
Taiwan Semiconductor Manufacturing Co Ltd ADR		9,859		777,777
Total Taiwan				12,760,828
UNITED KINGDOM — 17.6%
BP PLC		2,687,362		9,679,133
GlaxoSmithKline PLC		673,803		13,492,995
Kingfisher PLC		3,755,970		11,893,200
Lloyds Banking Group PLC *		28,082,402		9,662,355
SSE PLC		929,291		15,825,949
Tesco PLC		4,473,083		12,711,814
Travis Perkins PLC		230,449		3,343,884
WPP PLC		1,186,508		8,821,852
Total United Kingdom				85,431,182
Total Common Stock
(Cost $546,770,341)				478,283,407

3

Gallery Trust	Mondrian International Value Equity Fund
	July 31, 2020 (Unaudited)

PREFERRED STOCK — 0.1%
	Number of Shares		Value (U.S. $)
GERMANY — 0.1%
Bayerische Motoren Werke AG, 4.66%		13,304	$	682,650
Total Preferred Stock
(Cost $963,310)				682,650
Total Value of Securities — 98.4%
(Cost $547,733,651)			$	478,966,057

Percentages are based on Net Assets of $486,738,517.

* Non-income producing security.

ADR — American Depositary Receipt

Ltd. — Limited

PLC — Public Limited Company

The following is a list of the inputs used as of July 31, 2020, in valuing the Fund’s investments carried at market value:

Investments in Securities	Level 1		Level 2		Level 3		Total
Common Stock
Australia	$	5,404,366	$	—	$	—	$	5,404,366
China		10,386,643		—		—		10,386,643
Denmark		5,840,269		—		—		5,840,269
France		38,376,013		—		—		38,376,013
Germany		43,670,583		—		—		43,670,583
Hong Kong		26,939,354		5,652,624		—		32,591,978
Italy		22,231,454		—		—		22,231,454
Japan		132,967,643		—		—		132,967,643
Netherlands		16,794,090		—		—		16,794,090
Singapore		—		18,889,829		—		18,889,829
Spain		12,080,280		—		—		12,080,280
Sweden		13,170,080		—		—		13,170,080
Switzerland		27,688,169		—		—		27,688,169
Taiwan		12,760,828		—		—		12,760,828
United Kingdom		85,431,182		—		—		85,431,182
Total Common Stock		453,740,954		24,542,453		—		478,283,407
Preferred Stock		682,650		—		—		682,650
Total Investments in Securities	$	454,423,604	$	24,542,453	$	—	$	478,966,057

4

Gallery Trust	Mondrian International Value Equity Fund
	July 31, 2020 (Unaudited)

For the period ended July 31, 2020, there were no transfers in or out of Level 3.

For information on the Fund’s policy regarding valuation of investments, fair value hierarchy levels and other significant accounting policies, please refer to Note 2 of the Fund’s most recent financial statements.

MON-QH-001-0900

5

Gallery Trust	Mondrian Emerging Markets Value Equity Fund
	July 31, 2020 (Unaudited)

SCHEDULE OF INVESTMENTS
COMMON STOCK — 94.4%
	Number of Shares		Value (U.S. $)
BRAZIL — 3.9%
Hypera SA *		59,800	$	413,031
Itau Unibanco Holding SA ADR		47,939		244,489
Suzano Papel e Celulose SA *		34,400		278,547
Total Brazil				936,067
CHINA — 40.3%
Alibaba Group Holding Ltd *		63,392		2,012,107
Baidu ADR *		4,216		503,390
China Medical System Holdings Ltd		301,000		364,681
China Merchants Bank Class H		176,500		823,255
China Mobile Ltd		57,000		390,527
CSPC Pharmaceutical Group		291,200		610,933
Hangzhou Hikvision Digital Technology Class A		71,200		377,346
Hengan International Group Co Ltd		43,000		360,909
Jiangsu Yanghe Brewery Joint-Stock Class A		29,912		578,783
Midea Group Co Ltd Class A		80,903		831,691
NetEase Inc Sponsored ADR		482		220,959
Ping An Insurance Group Co of China Ltd Class H		111,500		1,181,135
Tencent Holdings		15,100		1,040,398
Tingyi Cayman Islands Holding Corp Class H		264,000		491,873
Total China				9,787,987
HONG KONG — 3.8%
NetEase Inc		16,236		294,960
Sands China Ltd		50,000		193,541
WH Group Ltd		483,500		429,831
Total Hong Kong				918,332
INDIA — 11.9%
Bajaj Auto Ltd		5,219		209,628
HCL Technologies Ltd		67,237		633,792
Housing Development Finance Corp Ltd		19,628		467,517

6

Gallery Trust	Mondrian Emerging Markets Value Equity Fund
	July 31, 2020 (Unaudited)

COMMON STOCK — continued
	Number of Shares		Value (U.S. $)
INDIA (continued)
Indiabulls Housing Finance Ltd		51,313	$	130,319
Infosys Ltd Sponsored ADR		43,412		557,844
Reliance Industries		32,699		903,487
Total India				2,902,587
INDONESIA — 1.5%
Bank Rakyat Indonesia Persero Tbk PT		1,718,900		371,133
Total Indonesia				371,133
MEXICO — 2.1%
Fibra Uno Administracion SA de CV REIT		321,248		259,683
Grupo Financiero Banorte SAB de CV Class O *		70,145		251,236
Total Mexico				510,919
NETHERLANDS — 1.3%
Unilever NV		5,440		320,916
Total Netherlands				320,916
PERU — 1.0%
Credicorp Ltd		1,984		252,305
Total Peru				252,305
RUSSIA — 3.8%
Gazprom PJSC Sponsored ADR		100,385		491,886
LUKOIL PJSC Sponsored ADR		6,180		423,145
Total Russia				915,031
SOUTH AFRICA — 2.0%
Mondi PLC		27,470		490,112
Total South Africa				490,112
SOUTH KOREA — 8.7%
Korea Zinc Co Ltd		422		146,641
LG Chem Ltd		420		200,235

7

Gallery Trust	Mondrian Emerging Markets Value Equity Fund
	July 31, 2020 (Unaudited)

COMMON STOCK — continued
	Number of Shares		Value (U.S. $)
SOUTH KOREA (continued)
Samsung Electronics Co Ltd		16,296	$	791,957
Samsung Electronics Co Ltd GDR		286	$	347,478
Samsung Fire & Marine Insurance Co Ltd		1,607		231,325
Shinhan Financial Group Co Ltd		15,329		387,278
Total South Korea				2,104,914
TAIWAN — 11.7%
ASE Technology Holding Co Ltd		213,000		549,687
CTBC Financial Holding		256,000		169,534
Hon Hai Precision Industry		163,000		436,232
Taiwan Semiconductor Manufacturing Co Ltd ADR		21,554		1,700,395
Total Taiwan				2,855,848
UNITED KINGDOM — 0.9%
Unilever PLC		3,791		226,932
Total United Kingdom				226,932
UNITED STATES — 1.5%
Consumer Discretionary — 1.2%
Yum China Holdings *		5,651		289,557
Information Technology — 0.3%
Micron Technology *		1,257		62,919
Total United States				352,476
Total Common Stock
(Cost $19,440,650)				22,945,559

8

Gallery Trust	Mondrian Emerging Markets Value Equity Fund
	July 31, 2020 (Unaudited)

PREFERRED STOCK — 2.6%
	Number of Shares		Value (U.S. $)
BRAZIL — 0.1%
Itausa		11,500	$	23,522
SOUTH KOREA — 2.5%
Samsung Electronics Co Ltd**		14,598		606,514
Total Preferred Stock
(Cost $492,620)				630,036
Total Value of Securities — 97.0%
(Cost $19,933,270)			$	23,575,595

Percentages are based on Net Assets of $24,314,245.

*	Non-income producing security.
**	There is currently no rate available.

ADR — American Depositary Receipt

CV — Convertible Security

GDR — Global Depositary Receipt

Ltd. — Limited

PLC — Public Limited Company

REIT — Real Estate Investment Trust

9

Gallery Trust	Mondrian Emerging Markets Value Equity Fund
	July 31, 2020 (Unaudited)

The following is a list of the inputs used as of July 31, 2020, in valuing the Fund’s investments carried at market value:

Investments in Securities	Level 1		Level 2		Level 3		Total
Common Stock
Brazil	$	936,067	$	—	$	—	$	936,067
China		9,787,987		—		—		9,787,987
Hong Kong		918,332		—		—		918,332
India		2,902,587		—		—		2,902,587
Indonesia		—		371,133		—		371,133
Mexico		510,919		—		—		510,919
Netherlands		320,916		—		—		320,916
Peru		252,305		—		—		252,305
Russia		915,031		—		—		915,031
South Africa		490,112		—		—		490,112
South Korea		2,104,914		—		—		2,104,914
Taiwan		2,855,848		—		—		2,855,848
United Kingdom		226,932		—		—		226,932
United States		352,476		—		—		352,476
Total Common Stock		22,574,426		371,133		—		22,945,559
Preferred Stock		630,036		—		—		630,036
Total Investments in Securities	$	23,204,462	$	371,133	$	—	$	23,575,595

For the period ended July 31, 2020, there were no transfers in or out of Level 3.

For information on the Fund’s policy regarding valuation of investments, fair value hierarchy levels and other significant accounting policies, please refer to Note 2 of the Fund’s most recent financial statements.

MON-QH-001-0900

10

Gallery Trust	Mondrian International Government Fixed Income Fund
	July 31, 2020 (Unaudited)

SCHEDULE OF INVESTMENTS
GLOBAL BONDS — 96.7%
	Face Amount (Local Currency)		Value (U.S. $)
AUSTRALIA — 3.9%
Australia Government Bond
5.750%, 05/15/21	AUD	155,000	$	115,503
4.750%, 04/21/27	AUD	350,000		319,244
3.250%, 04/21/25	AUD	226,000		183,002
3.000%, 03/21/47	AUD	370,000		340,308
Total Australia				958,057
AUSTRIA — 4.3%
Republic of Austria Government Bond
6.250%, 07/15/27	EUR	610,000		1,060,278
Total Austria				1,060,278
BELGIUM — 4.7%
Kingdom of Belgium Government Bond
1.000%, 06/22/26 (A)	EUR	900,000		1,153,699
Total Belgium				1,153,699
CANADA — 2.0%
Canadian Government Bond
5.000%, 06/01/37	CAD	224,000		280,518
1.500%, 06/01/26	CAD	200,000		159,458
0.750%, 09/01/21	CAD	50,000		37,545
Total Canada				477,521
FINLAND — 4.1%
Finland Government Bond
0.500%, 09/15/27 (A)	EUR	799,000		1,008,099
Total Finland				1,008,099
FRANCE — 3.7%
French Republic Government Bond OAT
1.500%, 05/25/31	EUR	300,000		418,720
0.500%, 05/25/25	EUR	195,000		241,845

11

Gallery Trust	Mondrian International Government Fixed Income Fund
	July 31, 2020 (Unaudited)

GLOBAL BONDS — continued
	Face Amount (Local Currency)		Value (U.S. $)
FRANCE (continued)
Total Capital International
0.750%, 07/12/28	EUR	200,000	$	244,745
Total France				905,310
GERMANY — 7.2%
Bundesrepublik Deutschland Bundesanleihe
2.500%, 07/04/44	EUR	250,000		491,420
0.250%, 02/15/29	EUR	125,000		158,605
Kreditanstalt fuer Wiederaufbau
2.050%, 02/16/26	JPY	105,000,000		1,118,892
Total Germany				1,768,917
ITALY — 11.8%
Italy Buoni Poliennali Del Tesoro
4.750%, 09/01/44 (A)	EUR	200,000		367,710
2.950%, 09/01/38 (A)	EUR	600,000		855,081
2.000%, 02/01/28	EUR	650,000		832,603
1.450%, 05/15/25	EUR	308,000		379,535
0.050%, 04/15/21	EUR	385,000		454,419
Total Italy				2,889,348
JAPAN — 19.8%
Japan Government Ten Year Bond
0.100%, 06/20/26	JPY	20,000,000		191,433
Japan Government Thirty Year Bond
2.400%, 12/20/34	JPY	90,000,000		1,112,419
0.300%, 06/20/46	JPY	140,100,000		1,263,448
Japan Government Twenty Year Bond
1.600%, 06/20/30	JPY	107,000,000		1,169,050
0.200%, 06/20/36	JPY	120,000,000		1,119,841
Total Japan				4,856,191
KUWAIT — 1.1%
Kuwait International Government Bond
3.500%, 03/20/27	USD	240,000		271,608
Total Kuwait				271,608

12

Gallery Trust	Mondrian International Government Fixed Income Fund
	July 31, 2020 (Unaudited)

GLOBAL BONDS — continued
	Face Amount (Local Currency)		Value (U.S. $)
MALAYSIA — 2.1%
Malaysia Government Bond
4.254%, 05/31/35	MYR	900,000	$	239,868
4.181%, 07/15/24	MYR	1,113,000		283,670
Total Malaysia				523,538
MEXICO — 2.8%
Mexican Bonos
8.500%, 11/18/2038	MXN	423,000		22,940
8.500%, 05/31/29	MXN	3,000,000		160,890
8.000%, 11/07/47	MXN	10,000,000		511,593
Total Mexico				695,423
NETHERLANDS — 4.7%
Netherlands Government Bond
5.500%, 01/15/28	EUR	94,056		161,597
2.750%, 01/15/47 (A)	EUR	250,000		518,794
0.500%, 01/15/40 (A)	EUR	250,000		331,406
0.250%, 07/15/29 (A)	EUR	100,000		125,497
Total Netherlands				1,137,294
NEW ZEALAND — 4.7%
New Zealand Government Bond
5.500%, 04/15/23	NZD	650,000		491,082
4.500%, 04/15/27	NZD	550,000		461,064
2.750%, 04/15/37	NZD	250,000		207,383
Total New Zealand				1,159,529
SUPRANATIONAL — 13.7%
Asian Development Bank
2.350%, 06/21/27	JPY	100,000,000		1,109,646
European Financial Stability Facility
0.950%, 02/14/28	EUR	890,000		1,158,324
European Investment Bank
2.150%, 01/18/27	JPY	100,000,000		1,083,377
Total Supranational				3,351,347

13

Gallery Trust	Mondrian International Government Fixed Income Fund
	July 31, 2020 (Unaudited)

GLOBAL BONDS — continued
	Face Amount (Local Currency)		Value (U.S. $)
UNITED ARAB EMIRATES — 1.1%
MDGH - GMTN BV
2.875%, 11/07/29	USD	256,000	$	277,998
Total United Arab Emirates				277,998
UNITED KINGDOM — 5.0%
HSBC Holdings
4.583%, 06/19/29 (B)	USD	230,000		268,393
United Kingdom Gilt
4.500%, 09/07/34	GBP	90,000		185,495
4.250%, 09/07/39	GBP	350,000		769,436
Total United Kingdom				1,223,324
Total Global Bonds
(Cost $21,549,289)				23,717,481

U.S. TREASURY OBLIGATIONS — 1.5%
United States Treasury Bond
2.750%, 08/15/42	175,000		233,078
United States Treasury Notes
1.625%, 02/15/26	120,000		128,864
Total U.S. Treasury Obligations
(Cost $279,401)			361,942
Total Value of Securities — 98.2%
(Cost $21,828,690)		$	24,079,423

14

Gallery Trust	Mondrian International Government Fixed Income Fund
	July 31, 2020 (Unaudited)

A list of the open forward foreign currency exchange contracts held by the Fund at July 31, 2020 is as follows:

Counterparty	Maturity Date	Currency to Deliver		Currency to Receive		Unrealized Appreciation (Depreciation)
Brown Brothers Harriman	10/30/20	USD	1,556,306	EUR	1,326,000	$	8,703
Brown Brothers Harriman	10/30/20	USD	1,508,751	GBP	1,171,500		25,459
Brown Brothers Harriman	10/30/20	USD	510,817	MXN	11,396,000		(4,655	)
Brown Brothers Harriman	10/30/20	USD	489,875	NOK	4,470,000		1,378
Brown Brothers Harriman	10/30/20	USD	488,007	PLN	1,834,000		1,997
Brown Brothers Harriman	10/30/20	AUD	1,331,500	USD	950,445		(1,124	)
Brown Brothers Harriman	10/30/20	JPY	114,260,500	USD	1,086,736		6,104
Brown Brothers Harriman	10/30/20	NZD	1,744,000	USD	1,158,513		1,864
Net Unrealized Appreciation on Forward Foreign Currency Exchange Contracts						$	39,726

Percentages are based on Net Assets of $24,518,290.

(A)	Securities sold within terms of a private placement memorandum, exempt from registration under Section 144A of the Securities Act of 1933, as amended, and may be sold only to dealers in that program or other “accredited investors.” The total value of securities as of July 31, 2020 was 4,360,286 and represents 17.8% on Net Assets.
(B)	Floating rate security - Rate disclosed is the rate in effect on July 31, 2020.

AUD — Australian Dollar

CAD — Canadian Dollar

EUR — Euro

GBP — Pound Sterling

JPY — Japanese Yen

MXN — Mexican Peso

MYR — Malaysian Ringgit

NOK — Norwegian Krone

NZD — New Zealand Dollar

PLN — Polish Zloty

USD — United States Dollar

15

Gallery Trust	Mondrian International Government Fixed Income Fund
	July 31, 2020 (Unaudited)

The following is a list of the inputs used as of July 31, 2020, in valuing the Fund’s’ investments carried at market value

Investments in Securities	Level 1		Level 2		Level 3		Total
Global Bonds	$	—	$	23,717,481	$	—	$	23,717,481
U.S. Treasury Obligations		128,864		233,078		—		361,942
Total Investments in Securities	$	128,864	$	23,950,559	$	—	$	24,079,423

Other Financial Instruments	Level 1		Level 2			Level 3		Total
Forwards Contracts*
Unrealized Appreciation	$	—	$	45,505		$	—	$	45,505
Unrealized Depreciation		—		(5,779	)		—		(5,779	)
Total Other Financial Instruments	$	—	$	39,726		$	—	$	39,726

* Forward foreign currency exchange contracts are valued at the unrealized appreciation (depreciation) on the instrument.

Amounts designated as “—”are $0 or have been rounded to $0.

For the period ended July 31, 2020, there were no transfers in or out of Level 3.

For information on the Fund’s policy regarding valuation of investments, fair value hierarchy levels and other significant accounting policies, please refer to Note 2 of the Fund’s most recent financial statements.

MON-QH-001-0900

16

Gallery Trust	Mondrian U.S. Small Cap Equity Fund
	July 31, 2020 (Unaudited)

SCHEDULE OF INVESTMENTS
COMMON STOCK — 99.0%
	Number of Shares		Value (U.S. $)
UNITED STATES — 99.0%
Energy — 3.5%
Enviva Partners		1,042	$	39,815
Financials — 5.4%
Houlihan Lokey Inc Class A		688		37,702
Moelis & Company Class A		752		22,402
				60,104
Health Care — 6.1%
AMN Healthcare Services Inc *		714		39,227
iRadimed Corp *		1,295		28,853
				68,080
Industrials — 35.8%
AAR Corp *		1,424		24,521
Astronics Corp *		3,007		26,161
Barnes Group Inc		823		30,344
Donaldson Company Inc		538		26,007
Douglas Dynamics Inc		902		31,886
EnerSys		505		33,966
GrafTech International Ltd		5,145		31,230
Luxfer Holdings PLC		2,670		33,909
McGrath RentCorp		650		37,713
Regal Beloit Corp		308		28,327
Tetra Tech Inc		291		25,797
Timken Company		811		37,030
US Ecology Inc		944		32,738
				399,629
Information Technology — 21.1%
Avnet Inc		1,133		30,274
Cabot Microelectronics Corp		270		40,694
Comtech Telecommunications Corp		1,478		24,269

17

Gallery Trust	Mondrian U.S. Small Cap Equity Fund
	July 31, 2020 (Unaudited)

COMMON STOCK — continued
	Number of Shares		Value (U.S. $)
UNITED STATES (continued)
Information Technology (continued)
FLIR Systems Inc		745	$	31,036
Maximus Inc		538		39,925
NIC Inc		1,461		32,025
Vishay Intertechnology Inc		2,388		37,468
				235,691
Materials — 18.3%
AptarGroup Inc		288		33,178
Avient Corp		1,712		40,917
Graphic Packaging Holding Co		1,928		26,876
Greif Class A		948		32,981
Innospec Inc		487		36,608
PH Glatfelter Co		2,113		33,660
				204,220
Real Estate — 8.8%
Global Medical REIT Inc		2,397		28,500
Landmark Infrastructure Partners LP		3,258		33,688
Physicians Realty Trust		2,036		36,730
				98,918
Total United States				1,106,457
Total Common Stock
(Cost $1,185,566)				1,106,457
Total Value of Securities — 99.0%
(Cost $1,185,566)			$	1,106,457

Percentages are based on Net Assets of $1,117,252.

* Non-income producing security.

L.P. — Limited Partnership

Ltd. — Limited

PLC — Public Limited Company

18

Gallery Trust	Mondrian U.S. Small Cap Equity Fund
	July 31, 2020 (Unaudited)

As of July 31, 2020, all of the Fund’s investments were considered Level 1, in accordance with the authoritative guidance on fair value measurements and disclosure under U.S. GAAP.

For the period ended July 31, 2020, there were no transfers in or out of Level 3.

For information on the Fund’s policy regarding valuation of investments, fair value hierarchy levels and other significant accounting policies, please refer to Note 2 of the Fund’s most recent financial statements.

MON-QH-001-0900

19

Gallery Trust	Mondrian Global Listed Infrastructure Fund
	July 31, 2020 (Unaudited)

SCHEDULE OF INVESTMENTS
COMMON STOCK — 98.6%
	Number of Shares		Value (U.S. $)
CANADA — 8.3%
Emera Inc		1,499	$	62,390
Enbridge Inc		1,719		55,018
Total Canada				117,408
CHILE — 3.6%
Enel Americas		324,971		50,420
Total Chile				50,420
CHINA — 3.0%
Jiangsu Expressway Co Ltd Class H		40,000		42,889
Total China				42,889
FRANCE — 7.9%
Rubis SCA		1,058		49,801
Veolia Environnement SA		2,714		61,734
Total France				111,535
INDIA — 4.1%
Power Grid Corp of India Ltd		24,361		58,059
Total India				58,059
ITALY — 7.7%
Atlantia SpA *		3,297		52,236
Snam SpA		10,735		56,904
Total Italy				109,140
JAPAN — 2.7%
West Japan Railway Co		900		38,498
Total Japan				38,498
MEXICO — 6.5%
Aeroportuario Centro Norte SAB de CV B Class B *		9,506		39,660

20

Gallery Trust	Mondrian Global Listed Infrastructure Fund
	July 31, 2020 (Unaudited)

COMMON STOCK — continued
	Number of Shares		Value (U.S. $)
MEXICO (continued)
Promotora y Operadora de Infraestructura		7,114	$	52,149
Total Mexico				91,809
PORTUGAL — 4.2%
EDP - Energias de Portugal SA		11,750		59,308
Total Portugal				59,308
SPAIN — 4.4%
Naturgy Energy Group SA		3,335		61,834
Total Spain				61,834
UNITED KINGDOM — 7.1%
National Grid PLC		4,091		48,218
SSE PLC		3,016		51,363
Total United Kingdom				99,581
UNITED STATES — 39.1%
Energy — 3.7%
Williams Co Inc		2,720		52,034
Industrials — 4.6%
Kansas City Southern		380		65,303
Utilities — 30.8%
Dominion Energy		595		48,213
Duke Energy Corp		738		62,538
Edison International		975		54,278
Evergy Inc		829		53,744
OGE Energy		1,524		50,140
Pinnacle West Capital		641		53,254
PPL Corporation		2,399		63,861

21

Gallery Trust	Mondrian Global Listed Infrastructure Fund
	July 31, 2020 (Unaudited)

COMMON STOCK — continued
	Number of Shares		Value (U.S. $)
UNITED STATES (continued)
Utilities (continued)
Xcel Energy Inc		715	$	49,364
				435,392
Total United States				552,729
Total Common Stock
(Cost $1,391,344)				1,393,210

RIGHTS — 0.1%
	Number of Rights		Value (U.S. $)
EDP - Energias de Portugal, Expires 08/10/20		14,191		1,441
Total Rights
(Cost $–)				1,441
Total Value of Securities — 98.7%
(Cost $1,391,344)			$	1,394,651

Percentages are based on Net Assets of $1,412,383.

* Non-income producing security.

CV — Convertible Security

Ltd. — Limited

PLC — Public Limited Company

As of July 31, 2020, all of the Fund’s investments in securities were considered level 1, in accordance with the authoritative guidance on fair value measurements and disclosure under U.S. GAAP.

22

Gallery Trust	Mondrian Global Listed Infrastructure Fund
	July 31, 2020 (Unaudited)

For the period ended July 31, 2020, there were no transfers in or out of Level 3.

For information on the Fund’s policy regarding valuation of investments, fair value hierarchy levels and other significant accounting policies, please refer to Note 2 of the Fund’s most recent financial statements.

MON-QH-001-0900

23

Gallery Trust	Mondrian Global All Countries World Equity Fund
	July 31, 2020 (Unaudited)

SCHEDULE OF INVESTMENTS
COMMON STOCK — 97.8%
	Number of Shares		Value (U.S. $)
BRAZIL — 1.8%
Hypera SA *		6,900	$	47,657
Total Brazil				47,657
CHINA — 5.2%
Alibaba Group Holding Ltd *		2,000		63,482
Midea Group Co Ltd Class A		4,400		45,232
Ping An Insurance Group Co of China Ltd Class H		2,500		26,483
Total China				135,197
DENMARK — 0.9%
ISS A/S *		1,537		23,627
Total Denmark				23,627
FRANCE — 5.3%
Sanofi SA		768		80,108
Thales		790		57,101
Total France				137,209
GERMANY — 2.0%
Continental AG		548		53,294
Total Germany				53,294
HONG KONG — 1.1%
WH Group Ltd		31,500		28,003
Total Hong Kong				28,003
INDIA — 1.9%
Infosys Ltd Sponsored ADR		1,574		20,226
Reliance Industries GDR		545		29,178
Total India				49,404

24

Gallery Trust	Mondrian Global All Countries World Equity Fund
	July 31, 2020 (Unaudited)

COMMON STOCK — continued
	Number of Shares		Value (U.S. $)
ITALY — 1.7%
Enel SpA		4,886	$	44,484
Total Italy				44,484
JAPAN — 12.9%
Isuzu Motors Ltd *		2,600		21,111
Kyocera Corp		1,100		60,728
Matsumotokiyoshi Holdings		800		26,565
Mitsubishi Electric Corp		4,700		60,851
Otsuka Holdings Co Ltd		1,700		70,181
Sekisui Chemical Co Ltd		1,900		25,703
Sundrug Co Ltd		2,100		71,616
Total Japan				336,755
NETHERLANDS — 2.9%
Unilever NV		1,264		74,566
Total Netherlands				74,566
SINGAPORE — 1.0%
Singapore Telecommunications Ltd		14,400		25,991
Total Singapore				25,991
SOUTH AFRICA — 0.5%
Mondi PLC		761		13,578
Total South Africa				13,578
SPAIN — 2.0%
Naturgy Energy Group SA		2,753		51,043
Total Spain				51,043
TAIWAN — 2.2%
Taiwan Semiconductor Manufacturing Co Ltd		4,000		58,100
Total Taiwan				58,100

25

Gallery Trust	Mondrian Global All Countries World Equity Fund
	July 31, 2020 (Unaudited)

COMMON STOCK — continued
	Number of Shares		Value (U.S. $)
UNITED KINGDOM — 6.3%
GlaxoSmithKline PLC		3,428	$	68,646
Kingfisher PLC		17,776		56,287
Lloyds Banking Group PLC *		111,255		38,280
Total United Kingdom				163,213
UNITED STATES — 50.0%
Consumer Discretionary — 1.4%
Tractor Supply		249		35,542
Consumer Staples — 5.1%
Colgate-Palmolive		787		60,756
PepsiCo Inc		518		71,308
				132,064
Energy — 1.3%
Exxon Mobil		799		33,622
Financials — 4.3%
New York Community Bancorp		4,276		45,026
Synchrony Financial		1,045		23,126
Wells Fargo		1,814		44,008
				112,160
Health Care — 10.5%
AbbVie Inc		376		35,687
Centene Corp*		1,134		73,994
Gilead Sciences		265		18,425
Johnson & Johnson		577		84,104
Waters Corp*		288		61,387
				273,597
Industrials — 2.5%
Stericycle Inc*		1,066		64,424

26

Gallery Trust	Mondrian Global All Countries World Equity Fund
	July 31, 2020 (Unaudited)

COMMON STOCK — continued
	Number of Shares		Value (U.S. $)
UNITED STATES (continued)
Information Technology — 15.3%
Apple Inc		113	$	48,030
Check Point Software Technologies *		569		71,324
Cisco Systems		1,647		77,574
Maximus Inc		880		65,304
Microsoft Corp		376		77,083
Visa Class A		314		59,786
				399,101
Materials — 4.9%
Amcor PLC US		5,839		60,142
DuPont de Nemours		1,289		68,936
				129,078
Utilities — 4.7%
Duke Energy Corp		822		69,656
PPL Corporation		1,990		52,974
				122,630
Total United States				1,302,218
Total Common Stock
(Cost $2,446,710)				2,544,339

27

Gallery Trust	Mondrian Global All Countries World Equity Fund
	July 31, 2020 (Unaudited)

PREFERRED STOCK — 1.7%
	Number of Shares		Value (U.S. $)
SOUTH KOREA — 1.7%
Samsung Electronics Co Ltd**		1,089	$	45,246
Total Preferred Stock (Cost $42,298)				45,246
Total Value of Securities — 99.5%
(Cost $2,489,008)			$	2,589,585

Percentages are based on Net Assets of $2,603,063.

*	Non-income producing security.
**	There is currently no rate available.

ADR — American Depositary Receipt

GDR — Global Depositary Receipt

Ltd. — Limited

PLC — Public Limited Company

As of July 31, 2020, all of the Fund’s investments in securities were considered Level 1, in accordance with the authoritative guidance on fair value measurements and disclosure under U.S. GAAP.

For the period ended July 31, 2020, there were no transfers in or out of Level 3.

For information on the Fund’s policy regarding valuation of investments, fair value hierarchy levels and other significant accounting policies, please refer to Note 2 of the Fund’s most recent financial statements.

MON-QH-001-0900

28

Gallery Trust	Rothko Emerging Markets Equity Fund
	July 31, 2020 (Unaudited)

SCHEDULE OF INVESTMENTS
COMMON STOCK — 98.2%
	Number of Shares		Value (U.S. $)
BRAZIL — 5.8%
BB Seguridade Participacoes SA		7,100	$	37,905
CCR SA		4,500		12,983
Cielo SA		23,100		23,647
Cogna Educacao SA		3,700		5,915
Hypera SA *		6,200		42,823
LOG Commercial Properties e Participacoes SA		259		1,846
MRV Engenharia e Participacoes SA		3,600		13,209
Odontoprev SA		3,600		9,593
Porto Seguro SA		2,200		22,744
Qualicorp SA		11,400		61,408
Smiles Fidelidade SA		3,600		10,483
Wiz Solucoes e Corretagem de Seguros SA		23,700		47,113
Total Brazil				289,669
CHILE — 1.0%
Aguas Andinas SA Class A		84,443		29,686
CAP SA *		1,310		9,863
Enel Chile SA		119,374		10,249
Total Chile				49,798
CHINA — 30.3%
361 Degrees International Ltd		118,000		16,595
Agricultural Bank of China Ltd Class H		54,000		19,161
Anhui Expressway Co Ltd Class H		22,000		10,560
Atlas Corp		3,654		25,980
Bank of China Ltd Class H		80,000		26,837
Beijing Enterprises Water Group Ltd		26,000		11,037
Beijing Jingneng Clean Energy Co Ltd Class H		234,000		64,612
China Communications Services Corp Ltd Class H		24,000		15,545
China Construction Bank Corp Class H		26,000		19,055
China Dongxiang Group Co Ltd		299,000		37,809
China Everbright Ltd		4,000		6,400

29

Gallery Trust	Rothko Emerging Markets Equity Fund
	July 31, 2020 (Unaudited)

COMMON STOCK — continued
	Number of Shares		Value (U.S. $)
CHINA (continued)
China Galaxy Securities Co Ltd Class H		24,000	$	14,337
China Lilang Ltd		55,000		29,521
China Merchants Port Holdings Co Ltd		6,444		7,375
China Mobile Ltd		1,500		10,277
China Pioneer Pharma Holdings Ltd		106,000		15,455
China Sanjiang Fine Chemicals Co Ltd		188,000		65,494
China Suntien Green Energy Corp Ltd Class H *		111,000		32,225
Chongqing Machinery & Electric Co Ltd Class H		156,000		10,064
Chu Kong Shipping Enterprises Group Co Ltd		62,000		7,520
COSCO Shipping International Hong Kong Co Ltd		38,000		10,591
CPMC Holdings Ltd		28,000		12,861
Dongfeng Motor Group Co Ltd Class H		14,000		10,025
Fufeng Group Ltd		27,000		9,789
Great Wall Motor Co Ltd Class H		15,500		15,139
Greatview Aseptic Packaging Co Ltd		99,000		37,555
Guangdong Investment Ltd		10,000		16,154
Guangzhou RF Properties Class H		40,800		47,010
Guorui Properties Ltd		183,000		27,154
Hengan International Group Co Ltd		1,500		12,590
Hisense Home Appliances Group Co Ltd Class H		26,000		28,213
Huabao International Holdings Ltd		129,000		146,804
Industrial & Commercial Bank of China Ltd Class H		35,000		20,683
Jiangsu Expressway Co Ltd Class H		12,000		12,866
Kingboard Holdings Ltd		20,500		59,910
Kingboard Laminates Holdings Ltd		57,500		64,619
Lee Man Paper Manufacturing Ltd		47,000		28,927
Lenovo Group Ltd		120,000		72,307
Qingling Motors Co Ltd Class H		178,000		32,154
Shanghai Industrial Holdings Ltd		7,000		10,206
Shanghai Industrial Urban Development Group		7,000		768
Sichuan Expressway Co Ltd Class H		46,000		10,446
Sihuan Pharmaceutical Holdings Group Ltd		223,000		22,731

30

Gallery Trust	Rothko Emerging Markets Equity Fund
	July 31, 2020 (Unaudited)

COMMON STOCK — continued
	Number of Shares		Value (U.S. $)
CHINA (continued)
Sinopec Shanghai Petrochemical Co Ltd Class H		136,000	$	30,358
Texhong Textile Group Ltd		11,000		8,402
Wasion Group Holdings Ltd		82,000		24,864
Xingda International Holdings Ltd		146,909		29,949
Xinhua Winshare Publishing and Media Co Ltd Class H		72,000		47,658
Xinyi Solar Holdings Ltd		87,316		95,537
Xtep International Holdings Ltd		60,299		18,050
Yuexiu REIT		84,000		37,609
Yuexiu Transport Infrastructure Ltd		22,000		13,965
Yuzhou Properties Co Ltd		103,917		46,660
Zhejiang Expressway Co Ltd Class H		14,000		10,405
Total China				1,518,818
CZECH REPUBLIC — 0.3%
O2 Czech Republic AS		1,271		12,208
Total Czech Republic				12,208
INDIA — 4.8%
HDFC Bank Ltd Sponsored ADR *		1,182		55,259
ICICI Bank Ltd Sponsored ADR *		6,688		62,800
Infosys Ltd Sponsored ADR		6,636		85,273
Mahindra and Mahindra Ltd Sponsored GDR		4,501		36,486
Total India				239,818
INDONESIA — 2.4%
Bank Pembangunan Daerah Jawa Timur Tbk PT Class B		1,179,200		44,419
Bukit Asam Tbk PT		301,800		41,811
Tunas Baru Lampung Tbk PT *		432,900		21,637
Waskita Beton Precast Tbk PT		993,700		13,494
Total Indonesia				121,361

31

Gallery Trust	Rothko Emerging Markets Equity Fund
	July 31, 2020 (Unaudited)

COMMON STOCK — continued
	Number of Shares		Value (U.S. $)
MALAYSIA — 2.8%
AirAsia Group Bhd *		58,700	$	8,935
Alliance Bank Malaysia Group Bhd		14,100		7,102
CIMB Group Holdings Bhd		20,569		17,448
Gas Malaysia Bhd		20,700		13,370
Inari Amertron Bhd		32,300		16,283
Lingkaran Trans Kota Holdings Bhd		10,300		9,797
Malaysian Pacific Industries Bhd		7,400		23,037
OSK Holdings Bhd		78,000		14,436
Petronas Chemicals Group Bhd		7,100		10,389
Syarikat Takaful Malaysia Keluarga Bhd		18,300		20,869
Total Malaysia				141,666
MEXICO — 3.0%
Banco Santander SA Mexico Line *		11,918		27,312
Bolsa Mexicana de Valores SAB		8,851		17,964
Concentradora Fibra Danhos SA de CV REIT		17,324		16,752
Concentradora Hipotecaria SAPI de CV		50,495		38,753
Gentera SAB de CV *		19,052		6,677
Grupo Aeroportuario Pacifico Class B		1,463		9,859
Grupo Financiero Banorte SAB de CV Class O *		4,597		16,465
Wal-Mart de Mexico SAB de CV		5,824		13,708
Total Mexico				147,490
PHILIPPINES — 2.1%
Globe Telecom		1,975		82,968
Manila Electric Co		4,520		24,417
Total Philippines				107,385
POLAND — 2.3%
Asseco Poland SA		4,355		74,417
Budimex SA		312		19,410

32

Gallery Trust	Rothko Emerging Markets Equity Fund
	July 31, 2020 (Unaudited)

COMMON STOCK — continued
	Number of Shares		Value (U.S. $)
POLAND (continued)
Polskie Gornictwo Naftowe i Gazownictwo SA		16,538	$	22,599
Total Poland				116,426
QATAR — 1.3%
Almeera Consumer Goods Co QSC		12,250		64,429
Total Qatar				64,429
SOUTH AFRICA — 4.8%
Absa Group Ltd		5,997		27,813
AECI Ltd		1,654		8,408
Astral Foods Ltd		2,089		16,741
AVI Ltd Class Y		5,415		22,375
EOH Holdings Ltd *		11,717		3,331
FirstRand Ltd		6,388		14,507
Foschini Group Ltd		916		3,731
Investec Ltd		1,812		3,524
JSE Ltd		2,855		19,374
Liberty Holdings Ltd		5,559		22,358
Metair Investments Ltd		9,296		9,789
Nedbank Group Ltd		645		3,961
Ninety One Ltd ZA Line *		906		2,597
Peregrine Holdings Ltd		28,763		33,974
RMB Holdings Ltd		2,463		196
Sanlam Ltd		2,364		8,410
Spar Group Ltd		860		8,301
Telkom SA SOC Ltd		12,408		21,014
Truworths International Ltd		1,893		3,614
Tsogo Sun Gaming Ltd		8,611		1,637
Tsogo Sun Hotels Ltd *		8,611		907
Woolworths Holdings Ltd		2,930		5,439
Total South Africa				242,001

33

Gallery Trust	Rothko Emerging Markets Equity Fund
	July 31, 2020 (Unaudited)

COMMON STOCK — continued
	Number of Shares		Value (U.S. $)
SOUTH KOREA — 9.9%
Cheil Worldwide Inc		3,239	$	52,198
Coway Co Ltd		182		11,717
Daekyo Co Ltd		2,109		7,107
DB Insurance Co Ltd		262		10,358
GS Home Shopping Inc		149		13,257
Hana Financial Group Inc		561		13,891
Huchems Fine Chemical Corp		2,335		32,631
Hyosung Advanced Materials Corp *		25		2,770
Hyosung Chemical Corp		18		1,617
Hyosung Corp		378		21,670
Hyosung Heavy Industries Corp *		53		1,931
Hyosung TNC Co Ltd		24		2,286
Hyundai Marine & Fire Insurance Co Ltd		1,626		31,799
Kangwon Land Inc		558		10,702
KB Financial Group Inc		598		17,693
Korea Autoglass Corp		1,619		19,568
KT&G Corp		624		42,372
Kyobo Securities Co Ltd		1,644		9,259
Lotte Food Co Ltd		23		6,361
Meritz Fire & Marine Insurance Co Ltd		3,893		40,518
Mirae Asset Life Insurance Co Ltd		3,026		8,128
Poongsan Holdings Corp		342		7,578
Samsung Fire & Marine Insurance Co Ltd		61		8,781
Seah Besteel Corp		639		5,873
SFA Engineering Corp		496		14,654
Shinhan Financial Group Co Ltd		352		8,893
SK Telecom Co Ltd		273		50,526
Tongyang Life Insurance Co Ltd		7,260		18,220
Woori Financial Group Inc		3,554		25,356
Total South Korea				497,714

34

Gallery Trust	Rothko Emerging Markets Equity Fund
	July 31, 2020 (Unaudited)

COMMON STOCK — continued
	Number of Shares		Value (U.S. $)
TAIWAN — 23.8%
Cayman Engley Industrial Co Ltd		3,000	$	7,384
Charoen Pokphand Enterprise Co Ltd		22,000		50,316
Chunghwa Telecom Co Ltd		5,000		18,690
First Financial Holding Co Ltd		82,820		66,721
Flytech Technology Co Ltd		11,000		24,257
Getac Technology Corp		40,000		57,553
Hiroca Holdings Ltd		4,000		7,387
Inventec Corp		74,000		63,152
Lien Hwa Industrial Holdings Corp		51,450		82,370
Merry Electronics Co Ltd		12,193		66,179
Mitac Holdings Corp		75,992		76,655
Namchow Holdings Co Ltd		21,000		30,108
Pegatron Corp		25,000		52,655
Quanta Computer Inc		31,000		86,561
Rechi Precision Co Ltd		40,000		26,217
San Fang Chemical Industry Co Ltd		14,000		9,725
Senao International Co Ltd		21,000		20,144
Sitronix Technology Corp		10,000		51,204
Supreme Electronics Co Ltd		43,000		43,595
Systex Corp		21,000		58,066
Taiwan Mobile Co Ltd		16,000		57,349
Taiwan Styrene Monomer Corp		42,000		21,148
TXC Corp		25,000		64,005
TYC Brother Industrial Co Ltd		15,000		11,393
United Integrated Services Co Ltd		16,000		112,239
Zeng Hsing Industrial Co Ltd		6,000		27,138
Total Taiwan				1,192,211
THAILAND — 1.6%
Bangchak Corp PCL Foreign		47,100		29,303
Siamgas & Petrochemicals PCL Foreign		61,700		17,610

35

Gallery Trust	Rothko Emerging Markets Equity Fund
	July 31, 2020 (Unaudited)

COMMON STOCK — continued
	Number of Shares		Value (U.S. $)
THAILAND (continued)
Thai Vegetable Oil PCL Foreign		36,600	$	34,332
Total Thailand				81,245
TURKEY — 1.2%
Borusan Mannesmann Boru Sanayi *		5,673		11,331
Petkim Petrokimya Holding AS *		11,713		6,578
Soda Sanayii AS		13,460		12,613
Tofas Turk Otomobil Fabrikasi AS		2,400		8,778
Turk Traktor ve Ziraat Makineleri AS		1,362		21,143
Total Turkey				60,443
UNITED ARAB EMIRATES — 0.8%
Dubai Islamic Bank PJSC		38,793		39,909
Total United Arab Emirates				39,909
Total Common Stock
(Cost $5,282,469)				4,922,591

RIGHTS — 0.0%
	Number of Rights		Value (U.S. $)
Foschini Group, Expires 08/12/20		366		587
Total Rights
(Cost $–)				587
Total Value of Securities — 98.2%
(Cost $5,282,469)			$	4,923,178

Percentages are based on Net Assets of $5,012,787.

* Non-income producing security.

ADR — American Depositary Receipt

CV — Convertible Security

36

Gallery Trust	Rothko Emerging Markets Equity Fund
	July 31, 2020 (Unaudited)

GDR — Global Depositary Receipt

Ltd. — Limited

REIT — Real Estate Investment Trust

The following is a list of the inputs used as of July 31, 2020, in valuing the Fund’s investments carried at market value:

Investments in Securities	Level 1		Level 2		Level 3		Total
Common Stock
Brazil	$	289,669	$	—	$	—	$	289,669
Chile		49,798		—		—		49,798
China		1,500,768		18,050		—		1,518,818
Czech Republic		12,208		—		—		12,208
India		239,818		—		—		239,818
Indonesia		—		121,361		—		121,361
Malaysia		23,037		118,629		—		141,666
Mexico		147,490		—		—		147,490
Philippines		—		107,385		—		107,385
Poland		116,426		—		—		116,426
Qatar		64,429		—		—		64,429
South Africa		242,001		—		—		242,001
South Korea		497,714		—		—		497,714
Taiwan		1,192,211		—		—		1,192,211
Thailand		81,245		—		—		81,245
Turkey		—		60,443		—		60,443
United Arab Emirates		—		39,909		—		39,909
Total Common Stock		4,456,814		465,777		—		4,922,591
Rights		587		—		—		587
Total Investments in Securities	$	4,457,401	$	465,777	$	—	$	4,923,178

For the period ended July 31, 2020, there were no transfers in or out of Level 3.

For information on the Fund’s policy regarding valuation of investments, fair value hierarchy levels and other significant accounting policies, please refer to Note 2 of the Fund’s most recent financial statements.

MON-QH-002-0300

37