Gallery Trust NPORT-P Mondrian International Government Fixed Income Fund (Jan 2021 report)

Gallery Trust

Mondrian International Value Equity Fund

                                                  January 31, 2021 (Unaudited)

COMMON STOCK — 98.6%
	Number of		Value
	Shares		(U.S. $)
AUSTRALIA — 0.8%
QBE Insurance Group Ltd		763,308	$	4,641,681
Total Australia				4,641,681
DENMARK — 1.1%
ISS A/S *		385,274		6,631,217
Total Denmark				6,631,217
FRANCE — 8.0%
Cie de Saint-Gobain SA		352,725		17,529,960
Dassault Aviation SA *		3,422		3,598,688
Sanofi SA		203,201		19,094,314
Societe Generale SA *		350,609		6,540,394
Total France				46,763,356
GERMANY — 8.5%
Allianz SE		68,605		15,483,869
Continental AG		136,259		19,073,141
Evonik Industries AG		456,332		14,999,367
Total Germany				49,556,377
HONG KONG — 7.1%
CK Hutchison Holdings Ltd		2,686,500		18,521,934
Jardine Matheson Holdings Ltd		151,115		8,697,413
WH Group Ltd		17,840,500		14,456,713
Total Hong Kong				41,676,060
ITALY — 4.2%
Enel SpA		1,443,387		14,299,322
Eni SpA		955,387		9,636,866
Snam SpA		88,906		466,066
Total Italy				24,402,254
JAPAN — 28.4%
Coca-Cola Bottlers Japan Holdings Inc		499,400		7,536,004
FUJIFILM Holdings Corp		298,900		17,073,721
Fujitsu Ltd		62,200		9,504,180

Gallery Trust

Mondrian International Value Equity Fund

                                                  January 31, 2021 (Unaudited)

COMMON STOCK — continued
	Number of		Value
	Shares		(U.S. $)
JAPAN (continued)
Honda Motor Co Ltd		566,800	$	14,877,985
Isuzu Motors Ltd		120,900		1,148,910
Kyocera Corp		274,800		17,583,833
Mitsubishi Electric Corp		807,500		12,323,564
Nippon Telegraph & Telephone Corp		532,800		13,302,026
Otsuka Holdings Co Ltd		269,400		11,506,075
Sekisui Chemical Co Ltd		590,600		10,654,952
Sony Corp		133,100		12,704,587
Takeda Pharmaceutical Co Ltd		434,400		15,337,044
Tokio Marine Holdings Inc		212,752		10,449,249
Toyota Industries Corp		153,200		12,025,964
Total Japan				166,028,094
NETHERLANDS — 3.0%
Royal Dutch Shell PLC Class B		991,696		17,307,753
Total Netherlands				17,307,753
SINGAPORE — 3.8%
Singapore Telecommunications Ltd		3,076,402		5,454,840
United Overseas Bank Ltd		958,940		16,845,240
Total Singapore				22,300,080
SPAIN — 4.4%
Banco Santander SA		5,394,980		15,780,431
Naturgy Energy Group SA		373,625		9,658,372
Total Spain				25,438,803
SWEDEN — 2.4%
Telia Co AB		3,132,483		13,739,366
Total Sweden				13,739,366
SWITZERLAND — 5.2%
ABB Ltd		403,130		11,865,085
Novartis AG		151,376		13,674,441

Gallery Trust

Mondrian International Value Equity Fund

                                                  January 31, 2021 (Unaudited)

COMMON STOCK — continued
	Number of		Value
	Shares		(U.S. $)
SWITZERLAND (continued)
Zurich Insurance Group AG		11,691	$	4,663,521
Total Switzerland				30,203,047
TAIWAN — 3.1%
Taiwan Semiconductor Manufacturing Co Ltd		877,000		18,273,207
Total Taiwan				18,273,207
UNITED KINGDOM — 18.6%
BP PLC		3,148,293		11,691,091
GlaxoSmithKline PLC		956,587		17,730,180
Kingfisher PLC *		3,369,623		12,777,881
Lloyds Banking Group PLC *		29,215,015		13,151,116
SSE PLC		940,676		19,094,275
Tesco PLC		4,551,540		14,891,883
Travis Perkins PLC *		328,802		6,057,799
WPP PLC		1,269,636		13,268,720
Total United Kingdom				108,662,945
Total Common Stock
(Cost $561,184,644)				575,624,240
Total Value of Securities — 98.6%
(Cost $561,184,644)			$	575,624,240

Percentages are based on Net Assets of $584,026,993.

* Non-income producing security.

Ltd. — Limited

PLC — Public Limited Company

As of January 31, 2021, all of the Fund's investments were considered Level 2, in accordance the authoritative guidance on fair value measurements and disclosure under U.S. GAAP.

For the period ended January 31, 2021, 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-001-1000

Gallery Trust

 

Mondrian Emerging Markets Value Equity Fund

January 31, 2021 (Unaudited) 

COMMON STOCK — 92.4%
	Number of		Value
	Shares		(U.S. $)
BRAZIL — 4.0%
Hypera SA *		38,700	$	229,736
Itau Unibanco Holding SA ADR		37,862		197,640
Suzano Papel e Celulose SA *		17,700		200,376
Total Brazil				627,752
CHINA — 38.3%
Alibaba Group Holding Ltd *		38,192		1,211,289
Baidu Inc ADR *		2,434		572,039
China Medical System Holdings Ltd		138,000		198,227
China Merchants Bank Co Ltd Class H		80,000		612,450
CSPC Pharmaceutical Group		465,520		474,423
Gree Electric Appliances of Zhuhai Class A		15,300		133,005
Hengan International Group Co Ltd		25,500		182,534
Jiangsu Yanghe Brewery Joint-Stock Class A		4,112		129,339
LONGi Green Energy Technology Class A		22,000		365,853
Midea Group Co Ltd Class A		28,403		422,301
Ping An Insurance Group Co of China Ltd Class H		63,000		740,088
Tencent Holdings Ltd		8,500		748,430
Tingyi Cayman Islands Holding Corp Class H		152,000		302,736
Total China				6,092,714
HONG KONG — 6.1%
NetEase Inc		29,886		684,145
WH Group Ltd		343,000		277,944
Total Hong Kong				962,089
INDIA — 10.0%
HCL Technologies Ltd		31,508		394,741
Housing Development Finance Corp Ltd		13,170		428,719
Infosys Ltd Sponsored ADR		18,903		319,082
Reliance Industries Ltd		17,963		454,089
Total India				1,596,631

Gallery Trust

 

Mondrian Emerging Markets Value Equity Fund

January 31, 2021 (Unaudited) 

COMMON STOCK — continued
	Number of		Value
	Shares		(U.S. $)
INDONESIA — 1.6%
Bank Rakyat Indonesia Persero Tbk PT		877,700	$	261,522
Total Indonesia				261,522
MEXICO — 1.1%
Grupo Financiero Banorte SAB de CV Class O *		36,127		179,939
Total Mexico				179,939
NETHERLANDS — 2.2%
Unilever NV		5,915		343,876
Total Netherlands				343,876
PERU — 1.3%
Credicorp Ltd		1,385		208,207
Total Peru				208,207
RUSSIA — 1.9%
LUKOIL PJSC Sponsored ADR		4,233		302,363
Total Russia				302,363
SOUTH AFRICA — 2.4%
Mondi PLC		16,269		383,956
Total South Africa				383,956
SOUTH KOREA — 3.3%
Korea Zinc Co Ltd		102		36,844
LG Chem Ltd		45		36,794
Samsung Electronics Co Ltd		2,272		165,960
Samsung Fire & Marine Insurance Co Ltd		809		121,447
Shinhan Financial Group Co Ltd *		5,752		157,362
Total South Korea				518,407
TAIWAN — 17.1%
ASE Technology Holding Co Ltd		94,000		307,804
CTBC Financial Holding Co Ltd		201,000		136,245
Delta Electronics Inc		26,000		261,952
Hon Hai Precision Industry Co Ltd		133,000		528,353

Gallery Trust

 

Mondrian Emerging Markets Value Equity Fund

January 31, 2021 (Unaudited) 

COMMON STOCK — continued
	Number of		Value
	Shares		(U.S. $)
TAIWAN (continued)
Taiwan Semiconductor Manufacturing Co Ltd		71,000	$	1,479,359
Total Taiwan				2,713,713
UNITED KINGDOM — 1.0%
Polymetal International Inc		7,540		163,385
Total United Kingdom				163,385
UNITED STATES — 2.1%
Consumer Discretionary — 0.8%
Yum China Holdings		2,372		134,516
Information Technology — 0.3%
Micron Technology Inc *		636		49,780
Materials — 1.0%
Barrick Gold Corp US		7,230		161,735
Total United States				346,031
Total Common Stock
(Cost $10,600,490)				14,700,585
PREFERRED STOCK — 6.7%
SOUTH KOREA — 6.7%
LG Chemical**		274		114,223
Samsung Electronics Co Ltd**		14,598		951,503
				1,065,726
Total Preferred Stock
(Cost $589,870)				1,065,726
Total Value of Securities — 99.1%
(Cost $11,190,360)			$	15,766,311

Percentages are based on Net Assets of $15,908,710.

Gallery Trust

 

Mondrian Emerging Markets Value Equity Fund

January 31, 2021 (Unaudited) 

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

ADR — American Depositary Receipt

CV — Convertible Security

Ltd. — Limited

PLC — Public Limited Company

The following is a list of the inputs used as of January 31, 2021, in valuing the Fund’s investments carried at market value:

Investments in Securities	Level 1		Level 2		Level 3		Total
Common Stock
Brazil	$	627,752	$	—	$	—	$	627,752
China		572,039		5,520,675		—		6,092,714
Hong Kong		—		962,089		—		962,089
India		319,082		1,277,549		—		1,596,631
Indonesia		—		261,522		—		261,522
Mexico		179,939		—		—		179,939
Netherlands		—		343,876		—		343,876
Peru		208,207		—		—		208,207
Russia		302,363		—		—		302,363
South Africa		—		383,956		—		383,956
South Korea		—		518,407		—		518,407
Taiwan		—		2,713,713		—		2,713,713
United Kingdom		—		163,385		—		163,385
United States		346,031		—		—		346,031
Total Common Stock		2,555,413		12,145,172		—		14,700,585
Preferred Stock		—		1,065,726		—		1,065,726
Total Investments in Securities	$	2,555,413	$	13,210,898	$	—	$	15,766,311

For the period ended January 31, 2021, 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-001-1000

Gallery Trust 

Mondrian International Government Fixed Income Fund

 January 31, 2021 (Unaudited) 

GLOBAL BONDS — 98.8%
	Face Amount (Local Currency)			Value (U.S. $)
AUSTRALIA — 3.0%
Australia Government Bond
5.750%, 05/15/21	AUD	155,000	$	120,372
4.750%, 04/21/27	AUD	270,000		258,915
3.250%, 04/21/25	AUD	226,000		194,382
3.000%, 03/21/47	AUD	190,000		172,826
Total Australia				746,495
AUSTRIA — 4.4%
Republic of Austria Government Bond
6.250%, 07/15/27	EUR	610,000		1,072,972
Total Austria				1,072,972
BELGIUM — 4.8%
Kingdom of Belgium Government Bond
1.000%, 06/22/26 (A)	EUR	900,000		1,187,987
Total Belgium				1,187,987
CANADA — 2.0%
Canadian Government Bond
2.000%, 09/01/23	CAD	350,000		286,391
1.500%, 06/01/26	CAD	200,000		164,712
0.750%, 09/01/21	CAD	50,000		39,257
Total Canada				490,360
FINLAND — 4.2%
Finland Government Bond
0.500%, 09/15/27 (A)	EUR	799,000		1,039,145
Total Finland				1,039,145
FRANCE — 4.0%
French Republic Government Bond OAT
1.500%, 05/25/31	EUR	520,000		747,264
0.500%, 05/25/25	EUR	195,000		248,455
Total France				995,719

Gallery Trust 

Mondrian International Government Fixed Income Fund

 January 31, 2021 (Unaudited) 

GLOBAL BONDS — continued
	Face Amount (Local Currency)			Value (U.S. $)
GERMANY — 14.7%
Bundesrepublik Deutschland Bundesanleihe
2.500%, 07/04/44	EUR	250,000	$	500,291
0.250%, 02/15/29	EUR	493,156		642,276
0.000%, 08/15/30 (B)	EUR	586,000		751,824
Bundesschatzanweisungen
0.000%, 09/16/22 (B)	EUR	500,000		613,855
Kreditanstalt fuer Wiederaufbau
2.050%, 02/16/26	JPY	105,000,000		1,118,366
Total Germany				3,626,612
ITALY — 12.2%
Italy Buoni Poliennali Del Tesoro
4.750%, 09/01/44 (A)	EUR	200,000		407,825
2.950%, 09/01/38 (A)	EUR	600,000		937,419
2.000%, 02/01/28	EUR	650,000		880,466
1.450%, 05/15/25	EUR	308,000		397,414
0.050%, 04/15/21	EUR	303,000		368,065
Total Italy				2,991,189
JAPAN — 21.9%
Japan Government Ten Year Bond
0.100%, 06/20/26	JPY	56,000,000		540,582
Japan Government Thirty Year Bond
2.400%, 12/20/34	JPY	90,000,000		1,113,269
0.300%, 06/20/46	JPY	140,100,000		1,248,816
Japan Government Twenty Year Bond
1.600%, 06/20/30	JPY	107,000,000		1,172,255
0.200%, 06/20/36	JPY	120,000,000		1,128,925
Japan Government Two Year Bond
0.100%, 09/01/22	JPY	20,000,000		191,612
Total Japan				5,395,459
MALAYSIA — 2.2%
Malaysia Government Bond
4.254%, 05/31/35	MYR	900,000		244,308

Gallery Trust 

Mondrian International Government Fixed Income Fund

 January 31, 2021 (Unaudited) 

GLOBAL BONDS — continued
	Face Amount  (Local Currency)			Value (U.S. $)
MALAYSIA (continued)
4.181%, 07/15/24	MYR	1,113,000	$	295,421
Total Malaysia				539,729
MEXICO — 3.0%
Mexican Bonos
8.500%, 11/18/38	MXN	423,000		25,206
8.500%, 05/31/29	MXN	2,250,000		133,983
8.000%, 11/07/47	MXN	10,000,000		568,072
Total Mexico				727,261
NETHERLANDS — 4.7%
Netherlands Government Bond
5.500%, 01/15/28	EUR	94,056		163,620
2.750%, 01/15/47 (A)	EUR	250,000		530,882
0.500%, 01/15/40 (A)	EUR	250,000		342,276
0.250%, 07/15/29 (A)	EUR	100,000		129,340
Total Netherlands				1,166,118
SUPRANATIONAL — 13.8%
Asian Development Bank
2.350%, 06/21/27	JPY	100,000,000		1,110,521
European Financial Stability Facility
0.950%, 02/14/28	EUR	890,000		1,188,794
European Investment Bank
2.150%, 01/18/27	JPY	100,000,000		1,086,331
Total Supranational				3,385,646
UNITED KINGDOM — 3.9%
United Kingdom Gilt
4.500%, 09/07/34	GBP	90,000		187,153

Gallery Trust 

Mondrian International Government Fixed Income Fund

 January 31, 2021 (Unaudited) 

GLOBAL BONDS — continued
	Face Amount  (Local Currency)			Value (U.S. $)
UNITED KINGDOM (continued)
4.250%, 09/07/39	GBP	350,000	$	771,246
Total United Kingdom				958,399
Total Global Bonds
(Cost $21,833,947)				24,323,091
Total Value of Securities — 98.8%
(Cost $21,833,947)			$	24,323,091

A list of the open forward foreign currency exchange contracts held by the Fund at January 31, 2021 is as follows:

							Unrealized
							Appreciation
Counterparty	Maturity Date	Currency to Deliver		Currency to Receive			(Depreciation
Brown Brothers Harriman	4/30/2021	USD	1,501,179	GBP	1,095,000	$	(157	)
Brown Brothers Harriman	4/30/2021	USD	491,347	NOK	4,239,000		3,411
Brown Brothers Harriman	4/30/2021	USD	494,420	PLN	1,856,000		4,367
Brown Brothers Harriman	4/30/2021	AUD	978,500	USD	753,151		4,963
Brown Brothers Harriman	4/30/2021	JPY	165,944,000	USD	1,599,291		13,490
Brown Brothers Harriman	4/30/2021	EUR	100,500	USD	121,995		(207	)
Net Unrealized Appreciation on Forward Foreign Currency Exchange Contracts						$	25,867

Percentages are based on Net Assets of $24,623,903.

(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 January 31, 2021 was $4,574,874 and represents 18.6% of Net Assets.
(B)	Zero coupon security. The rate reported on the Schedule of Investments is the effective yield at time of purchase.

AUD — Australian Dollar

CAD — Canadian Dollar

EUR — Euro

GBP — Pound Sterling

JPY — Japanese Yen

MXN — Mexican Peso

MYR — Malaysian Ringgit

NOK — Norwegian Krone

PLN — Polish Zloty

USD — United States Dollar

Gallery Trust 

Mondrian International Government Fixed Income Fund

 January 31, 2021 (Unaudited) 

The following is a list of the inputs used as of January 31, 2021, in valuing the Fund’s investments carried at market value:

Investments in Securities	Level 1		Level 2		Level 3		Total
Global Bonds	$	—	$	24,323,091	$	—	$	24,323,091
Total Investments in Securities	$	—	$	24,323,091	$	—	$	24,323,091

Other Financial Instruments		Level 1		Level 2			Level 3		Total
Forwards Contracts*
Unrealized Appreciation	$	—	$	26,231		$	—	$	26,231
Unrealized Depreciation		—		(364	)		—		(364	)
Total Other Financial Instruments	$	—	$	25,867		$	—	$	25,867

* 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 January 31, 2021, 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-001-1000

Gallery Trust 

Mondrian U.S. Small Cap Equity Fund

January 31, 2021 (Unaudited) 

COMMON STOCK — 100.2%
	Number of	Value
	Shares	(U.S. $)
UNITED STATES — 100.2%
Energy — 2.1%
Enviva Partners	604	$	30,091
Financials — 7.1%
Houlihan Lokey Inc Class A	490		31,776
Moelis & Company Class A	752		37,382
Prog Holdings *	663		31,280
			100,438
Health Care — 5.0%
AMN Healthcare Services Inc *	455		32,815
iRadimed Corp *	1,528		37,803
			70,618
Industrials — 38.0%
AAR Corp *	990		33,215
Astronics Corp *	3,007		37,467
Barnes Group Inc	557		26,775
Curtiss-Wright	277		28,750
Donaldson Company Inc	247		14,682
Douglas Dynamics Inc	902		36,801
EnerSys	505		41,526
GrafTech International Ltd	4,169		40,439
Kforce Inc	845		36,039
Luxfer Holdings PLC	2,670		43,975
McGrath RentCorp	548		38,245
MSC Industrial Direct Class A	531		41,190
Parsons Corp *	856		30,525
Regal Beloit Corp	220		27,606
Timken Company	359		27,162
US Ecology Inc *	944		31,152
			535,549

Gallery Trust 

Mondrian U.S. Small Cap Equity Fund

January 31, 2021 (Unaudited) 

COMMON STOCK — continued
	Number of	Value
	Shares	(U.S. $)
UNITED STATES (continued)
Information Technology — 24.1%
Amkor Technology	2,232	$	34,640
Avnet Inc	1,197		42,266
CMC Materials Inc	270		39,774
Comtech Telecommunications Corp	1,478		31,541
FLIR Systems Inc	714		37,164
Maximus Inc	482		36,179
NIC Inc	1,461		39,330
Science Applications International	320		30,730
Vishay Intertechnology Inc	2,188		47,151
			338,775
Materials — 16.5%
AptarGroup Inc	288		38,295
Avient Corp	1,105		42,465
Glatfelter Corp	2,113		33,068
Graphic Packaging Holding Co	2,431		38,070
Greif Class A	820		37,031
Innospec Inc	487		42,754
			231,683
Real Estate — 7.4%
Global Medical Inc REIT	2,397		30,058
Landmark Infrastructure Partners LP	3,258		37,662
Physicians Realty Trust REIT	2,036		35,895
			103,615
Total United States			1,410,769
Total Common Stock
(Cost $1,238,850)			1,410,769
Total Value of Securities — 100.2%
(Cost $1,238,850)		$	1,410,769

Gallery Trust 

Mondrian U.S. Small Cap Equity Fund

January 31, 2021 (Unaudited) 

Percentages are based on Net Assets of $1,408,308.

* Non-income producing security.

LP — Limited Partnership

Ltd. — Limited

PLC — Public Limited Company

REIT — Real Estate Investment Trust

As of January 31, 2021, all of the Fund's investments were considered Level 1, in accordance the authoritative guidance on fair value measurements and disclosure under U.S. GAAP.

For the period ended January 31, 2021, 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-001-1000

Gallery Trust

Mondrian Global Listed Infrastructure Fund

January 31, 2021 (Unaudited) 

COMMON STOCK — 99.5%
	Number of		Value
	Shares		(U.S. $)
CANADA — 8.3%
Emera Inc		1,499	$	62,679
Enbridge Inc		1,965		66,015
Total Canada
CHILE — 3.8%
Enel Americas SA		385,923		58,040
Total Chile				58,040
CHINA — 7.9%
Guangdong Investment Ltd		38,000		66,723
Jiangsu Expressway Co Ltd Class H		48,000		55,735
Total China				122,458
FRANCE — 8.5%
Rubis SCA		1,289		58,504
Veolia Environnement SA		2,714		72,594
Total France				131,098
INDIA — 4.0%
Power Grid Corp of India Ltd		24,361		61,525
Total India				61,525
ITALY — 7.0%
Atlantia SpA *		3,297		52,393
Snam SpA		10,735		56,275
Total Italy				108,668
MEXICO — 7.0%
Aeroportuario Centro Norte SAB de CV B Class B *		9,506		55,610
Promotora y Operadora de Infraestructura *		7,028		52,994
Total Mexico				108,604
PORTUGAL — 4.4%
EDP - Energias de Portugal SA		10,810		67,797
Total Portugal				67,797

Gallery Trust

Mondrian Global Listed Infrastructure Fund

January 31, 2021 (Unaudited) 

COMMON STOCK — continued
	Number of		Value
	Shares		(U.S. $)
SPAIN — 4.4%
Naturgy Energy Group SA		2,645	$	68,374
Total Spain				68,374
UNITED KINGDOM — 4.4%
SSE PLC		3,363		68,264
Total United Kingdom				68,264
UNITED STATES — 39.8%
Energy — 3.8%
Williams Co Inc		2,720		57,746
Health Care — 4.1%
HCA Healthcare		393		63,855
Real Estate — 4.2%
American Tower REIT		287		65,252
Utilities — 27.7%
Dominion Energy		595		43,369
Duke Energy Corp		649		61,006
Edison International		975		56,706
Evergy Inc		1,109		59,587
OGE Energy		1,733		52,891
Pinnacle West Capital		641		48,235
PPL Corporation		2,399		66,380

Gallery Trust

Mondrian Global Listed Infrastructure Fund

January 31, 2021 (Unaudited) 

COMMON STOCK — continued
	Number of		Value
	Shares		(U.S. $)
UNITED STATES (continued)
Utilities (continued)
Xcel Energy Inc		612	$	39,162
				427,336
Total United States				614,189
Total Common Stock
(Cost $1,440,725)				1,537,711
Total Value of Securities — 99.5%
(Cost $1,440,725)			$	1,537,711

Percentages are based on Net Assets of $1,545,681.

* Non-income producing security.

CV — Convertible Security

Ltd. — Limited

PLC — Public Limited Company

REIT — Real Estate Investment Trust

The following is a list of the inputs used as of January 31, 2021, in valuing the Fund’s investments carried at market value:

Investments in Securities	Level 1		Level 2		Level 3		Total
Common Stock	$	909,527	$	628,184	$	—	$	1,537,711
Total Investments in Securities	$	909,527	$	628,184	$	—	$	1,537,711

For the period ended January 31, 2021, 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-001-1000

Gallery Trust 

Mondrian Global Equity Value Fund

January 31, 2021 (Unaudited)

COMMON STOCK — 94.9%
	Number of		Value
	Shares		(U.S. $)
BRAZIL — 1.7%
Hypera SA *		12,300	$	73,017
Total Brazil				73,017
CHINA — 5.3%
Alibaba Group Holding Ltd *		3,200		101,490
CSPC Pharmaceutical Group		54,000		55,033
Ping An Insurance Group Co of China Ltd Class H		6,000		70,485
Total China				227,008
DENMARK — 0.2%
ISS A/S *		592		10,189
Total Denmark				10,189
FRANCE — 5.5%
Sanofi SA		1,305		122,628
Thales SA		1,254		112,868
Total France				235,496
GERMANY — 2.3%
Continental AG		701		98,124
Total Germany				98,124
HONG KONG — 3.1%
NetEase Inc		2,800		64,097
WH Group Ltd		82,500		66,852
Total Hong Kong				130,949
INDIA — 1.7%
Infosys Ltd Sponsored ADR		2,106		35,549
Reliance Industries GDR		735		37,490
Total India				73,039
ITALY — 1.9%
Enel SpA		8,079		80,037
Total Italy				80,037

Gallery Trust 

Mondrian Global Equity Value Fund

January 31, 2021 (Unaudited)

COMMON STOCK — continued
	Number of		Value
	Shares		(U.S. $)
JAPAN — 13.4%
Kyocera Corp		1,700	$	108,779
Matsumotokiyoshi Holdings Co Ltd		1,400		55,321
Mitsubishi Electric Corp		7,400		112,934
Otsuka Holdings Co Ltd		1,900		81,149
Sekisui Chemical Co Ltd		2,000		36,082
Sundrug Co Ltd		2,800		111,215
Toyota Industries Corp		800		62,799
Total Japan				568,279
NETHERLANDS — 2.7%
Unilever NV		2,004		116,505
Total Netherlands				116,505
SINGAPORE — 0.8%
Singapore Telecommunications Ltd		18,900		33,512
Total Singapore				33,512
SPAIN — 1.6%
Naturgy Energy Group SA		2,689		69,512
Total Spain				69,512
TAIWAN — 2.0%
Taiwan Semiconductor Manufacturing Co Ltd		4,000		83,344
Total Taiwan				83,344
UNITED KINGDOM — 7.9%
GlaxoSmithKline PLC		5,884		109,058
Kingfisher PLC *		17,248		65,406
Lloyds Banking Group PLC *		209,001		94,082
SSE PLC		3,223		65,422
Total United Kingdom				333,968

Gallery Trust 

Mondrian Global Equity Value Fund

January 31, 2021 (Unaudited)

COMMON STOCK — continued
	Number of		Value
	Shares		(U.S. $)
UNITED STATES — 44.8%
Communication Services — 1.9%
Alphabet Class A *		44	$	80,404
Consumer Staples — 4.7%
Colgate-Palmolive		1,171		91,338
PepsiCo Inc		810		110,622
				201,960
Energy — 1.4%
Exxon Mobil Corp		1,349		60,489
Financials — 7.2%
New York Community Bancorp		8,171		85,469
S&P Global Inc		212		67,204
Synchrony Financial		1,545		51,989
Wells Fargo & Co		3,460		103,38
				308,047
Health Care — 10.7%
AbbVie Inc		359		36,790
Centene Corp *		1,782		107,456
HCA Healthcare		490		79,615
Johnson & Johnson		808		131,809
Waters Corp *		372		98,457
				454,127
Industrials — 3.9%
L3Harris Technologies		485		83,182
Stericycle Inc *		1,253		82,046
				165,228
Information Technology — 9.5%
Cisco Systems Inc		2,479		110,514
Maximus Inc		1,404		105,385

Gallery Trust 

Mondrian Global Equity Value Fund

January 31, 2021 (Unaudited)

COMMON STOCK — continued
	Number of		Value
	Shares		(U.S. $)
UNITED STATES (continued)
Information Technology (continued)
Microsoft Corp		495	$	114,820
Visa Inc Class A		369		71,309
				402,028
Real Estate — 2.7%
American Tower REIT		497		112,998
Utilities — 2.8%
Duke Energy Corp		731		68,714
PPL Corporation		1,781		49,280
Total United States				1,903,275
Total Common Stock
(Cost $3,779,105)				4,036,254

PREFERRED STOCK — 0.9%
SOUTH KOREA — 0.9%
Samsung Electronics Co Ltd**	598		38,978
Total Preferred Stock
(Cost $23,227)			38,978
Total Value of Securities — 95.8%
(Cost $3,802,332)		$	4,075,232

Percentages are based on Net Assets of $4,252,799.

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

ADR — American Depositary Receipt

GDR — Global Depositary Receipt

Ltd. — Limited

Gallery Trust 

Mondrian Global Equity Value Fund

January 31, 2021 (Unaudited)

PLC — Public Limited Company

REIT — Real Estate Investment Trust

The following is a list of the inputs used as of January 31, 2021, in valuing the Fund’s investments carried at market value:

Investments in Securities	Level 1		Level 2		Level 3		Total
Common Stock	$	2,011,841	$	2,024,413	$	—	$	4,036,254
Preferred Stock		—		38,978		—		38,978
Total Investments in Securities	$	2,011,841	\$	2,063,391	$	—	$	4,075,232

For the period ended January 31, 2021, 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-001-1000