Ellsworth Growth and Income Fund (ECF) NPORT-P Ellsworth Growth & Income Fund Ltd (Dec 2020 report)

Ellsworth Growth and Income Fund Ltd.

Schedule of Investments — December 31, 2020 (Unaudited)

Principal Amount			Market Value
		CONVERTIBLE CORPORATE BONDS — 70.9%
		Aerospace — 1.7%
	$  1,000,000	Aerojet Rocketdyne Holdings Inc.,
		2.250%, 12/15/23	$	2,032,998
	1,638,000	Kaman Corp.,
		3.250%, 05/01/24		1,902,942
				3,935,940
		Airlines — 0.6%
	930,000	Southwest Airlines Co.,
		1.250%, 05/01/25		1,355,475
		Business Services — 1.6%
	1,000,000	MicroStrategy Inc.,
		0.750%, 12/15/25(a)		1,294,977
	2,000,000	Perficient Inc.,
		1.250%, 08/01/25(a)		2,293,007
				3,587,984
		Cable and Satellite — 1.8%
		DISH Network Corp.,
	2,040,000	Zero Coupon, 12/15/25(a)		2,059,848
	2,000,000	3.375%, 08/15/26		1,911,463
				3,971,311
		Communications Equipment — 2.9%
	750,000	Harmonic Inc.,
		2.000%, 09/01/24		817,496
	1,870,000	InterDigital Inc.,
		2.000%, 06/01/24		1,976,779
	1,250,000	Lumentum Holdings Inc.,
		0.500%, 12/15/26		1,530,500
	1,500,000	Vocera Communications Inc.,
		1.500%, 05/15/23		2,117,931
				6,442,706
		Computer Software and Services — 22.9%
	1,500,000	Bandwidth Inc.,
		0.250%, 03/01/26(a)		2,666,760
	340,000	Bill.com Holdings Inc.,
		Zero Coupon, 12/01/25(a)		390,124
	1,000,000	Blackline Inc.,
		0.125%, 08/01/24		1,882,666
	1,375,000	Cardlytics Inc.,
		1.000%, 09/15/25(a)		2,518,622
	695,000	Cloudflare Inc.,
		0.750%, 05/15/25(a)		1,486,479
		Coupa Software Inc.,
	870,000	0.125%, 06/15/25		1,902,023
	1,375,000	0.375%, 06/15/26(a)		1,855,929
	2,500,000	CSG Systems International Inc.,
		4.250%, 03/15/36		2,643,750
	1,035,000	Datadog Inc.,
		0.125%, 06/15/25(a)		1,360,483

Principal Amount			Market Value
	$   2,030,000	Everbridge Inc.,
		0.125%, 12/15/24	$	3,023,920
	170,000	Fiverr International Ltd.,
		Zero Coupon, 11/01/25(a)		206,023
	680,000	GoPro Inc.,
		1.250%, 11/15/25(a)		774,495
	2,000,000	i3 Verticals LLC,
		1.000%, 02/15/25(a)		2,076,962
	1,085,000	Limelight Networks Inc.,
		3.500%, 08/01/25(a)		986,048
	1,250,000	LivePerson Inc.,
		0.750%, 03/01/24		2,211,887
	1,500,000	Match Group Financeco 3 Inc.,
		2.000%, 01/15/30(a)		2,908,749
	515,000	Medallia Inc.,
		0.125%, 09/15/25(a)		573,948
	1,000,000	MercadoLibre Inc.,
		2.000%, 08/15/28		3,793,509
	2,000,000	PAR Technology Corp.,
		2.875%, 04/15/26(a)		3,289,629
	1,330,000	PROS Holdings Inc.,
		2.250%, 09/15/27(a)		1,882,535
	1,735,000	Q2 Holdings Inc.,
		0.750%, 06/01/26		2,666,075
	1,500,000	RealPage Inc.,
		1.500%, 05/15/25		1,936,579
	170,000	Shift4 Payments Inc.,
		Zero Coupon, 12/15/25(a)		208,298
		Splunk Inc.,
	1,500,000	1.125%, 09/15/25		2,034,708
	685,000	1.125%, 06/15/27(a)		715,382
	1,000,000	Square Inc.,
		0.250%, 11/01/27(a)		1,113,144
	1,045,000	Varonis Systems Inc.,
		1.250%, 08/15/25(a)		1,940,199
	2,000,000	Workiva Inc.,
		1.125%, 08/15/26		2,693,527
				51,742,453
		Consumer Products — 2.6%
	1,050,000	Farfetch Ltd.,
		3.750%, 05/01/27(a)		4,273,511
	1,045,000	National Vision Holdings Inc.,
		2.500%, 05/15/25(a)		1,687,675
				5,961,186
		Consumer Services — 5.5%
	1,050,000	Callaway Golf Co.,
		2.750%, 05/01/26(a)		1,674,989
	680,000	Chegg Inc.,
		Zero Coupon, 09/01/26(a)		763,788
	1,470,000	NCL Corp. Ltd.,
		5.375%, 08/01/25(a)		2,494,838

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Ellsworth Growth and Income Fund Ltd.

Schedule of Investments (Continued) — December 31, 2020 (Unaudited)

Principal Amount			Market Value
		CONVERTIBLE CORPORATE BONDS (Continued)
		Consumer Services (Continued)
		Royal Caribbean Cruises Ltd.,
	$     430,000	4.250%, 06/15/23(a)	$	573,725
	685,000	2.875%, 11/15/23(a)		822,000
	685,000	Shopify Inc.,
		0.125%, 11/01/25		810,013
	500,000	Square Inc.,
		0.500%, 05/15/23		1,401,831
	855,000	Stride Inc.,
		1.125%, 09/01/27(a)		698,060
	1,105,000	TechTarget Inc.,
		0.125%, 12/15/25(a)		1,204,282
	2,060,000	Wayfair Inc.,
		0.625%, 10/01/25(a)		1,954,183
				12,397,709
		Diversified Industrial — 0.9%
	750,000	Chart Industries Inc.,
		1.000%, 11/15/24(a)		1,574,862
	175,000	Sea Ltd.,
		2.375%, 12/01/25(a)		404,314
				1,979,176
		Energy and Utilities — 1.6%
	1,155,000	Bloom Energy Corp.,
		2.500%, 08/15/25(a)		2,216,785
	1,700,000	Cheniere Energy Inc.,
		4.250%, 03/15/45		1,345,160
				3,561,945
		Financial Services — 4.6%
	875,000	Chimera Investment Corp.,
		7.000%, 04/01/23.		1,343,672
	1,025,000	Colony Capital Operating Co. LLC,
		5.750%, 07/15/25(a)(b)		2,304,885
	1,000,000	Encore Capital Group Inc.,
		3.250%, 03/15/22		1,088,639
	750,000	GOL Equity Finance SA,
		3.750%, 07/15/24(a)		654,447
	1,000,000	IIP Operating Partnership LP,
		3.750%, 02/21/24(a)		2,804,921
		LendingTree Inc.,
	641,000	0.625%, 06/01/22		908,750
	1,210,000	0.500%, 07/15/25(a)		1,179,906
				10,285,220
		Health Care — 12.5%
	1,545,000	1Life Healthcare Inc.,
		3.000%, 06/15/25(a)		1,945,038
	735,000	Coherus Biosciences Inc.,
		1.500%, 04/15/26(a)		853,856
	1,000,000	Collegium Pharmaceutical Inc.,
		2.625%, 02/15/26		994,249

Principal Amount			Market Value
	$  1,000,000	CONMED Corp.,
		2.625%, 02/01/24	$	1,402,869
		DexCom Inc.,
	575,000	0.750%, 12/01/23		1,308,768
	520,000	0.250%, 11/15/25(a)		525,512
	1,360,000	Esperion Therapeutics Inc.,
		4.000%, 11/15/25(a)		1,342,031
	1,960,000	Exact Sciences Corp.,
		0.375%, 03/15/27		2,722,136
	1,500,000	Insulet Corp.,
		0.375%, 09/01/26		1,984,874
	500,000	Invacare Corp.,
		4.500%, 06/01/22		479,450
	1,045,000	Livongo Health Inc.,
		0.875%, 06/01/25(a)		1,902,688
	1,171,000	Neurocrine Biosciences Inc.,
		2.250%, 05/15/24		1,627,424
	340,000	Novocure Ltd.,
		Zero Coupon, 11/01/25(a)		437,014
	1,500,000	Pacira BioSciences Inc.,
		2.375%, 04/01/22		1,724,063
	1,390,000	PetIQ Inc.,
		4.000%, 06/01/26(a)		2,116,989
	1,254,000	Supernus Pharmaceuticals Inc.,
		0.625%, 04/01/23		1,195,489
	1,500,000	Tabula Rasa HealthCare Inc.,
		1.750%, 02/15/26(a)		1,432,800
	1,870,000	Teladoc Health Inc.,
		1.250%, 06/01/27(a)		2,249,058
	1,500,000	Theravance Biopharma Inc.,
		3.250%, 11/01/23		1,420,216
	500,000	Travere Therapeutics Inc.,
		2.500%, 09/15/25		509,400
				28,173,924
		Real Estate — 0.2%
	340,000	Pebblebrook Hotel Trust,
		1.750%, 12/15/26		363,214
	170,000	Redfin Corp.,
		Zero Coupon, 10/15/25(a)		204,025
				567,239
		Security Software — 5.5%
	1,395,000	2U Inc.,
		2.250%, 05/01/25(a)		2,257,553
	1,500,000	CyberArk Software Ltd.,
		Zero Coupon, 11/15/24		1,827,201
	515,000	Nice Ltd.,
		Zero Coupon, 09/15/25(a)		588,190
	532,000	Nice Systems Inc.,
		1.250%, 01/15/24		1,812,205
	1,000,000	Okta Inc.,
		0.375%, 06/15/26(a)		1,286,775

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Ellsworth Growth and Income Fund Ltd.

Schedule of Investments (Continued) — December 31, 2020 (Unaudited)

Principal Amount			Market Value
		CONVERTIBLE CORPORATE BONDS (Continued)
		Security Software (Continued)
	$  2,040,000	Proofpoint Inc.,
		0.250%, 08/15/24	$	2,294,268
	1,515,000	Zscaler Inc.,
		0.125%, 07/01/25(a)		2,259,649
				12,325,841
		Telecommunications — 4.7%
	1,560,000	8x8 Inc.,
		0.500%, 02/01/24		2,271,787
	1,500,000	Infinera Corp.,
		2.500%, 03/01/27(a)		2,314,268
	1,345,000	PagerDuty Inc.,
		1.250%, 07/01/25(a)		1,720,604
	900,000	Twilio Inc.,
		0.250%, 06/01/23		4,300,126
				10,606,785
		Transportation — 1.3%
	1,700,000	Atlas Air Worldwide Holdings Inc.,
		1.875%, 06/01/24		1,937,222
	680,000	Seaspan Corp.,
		3.750%, 12/15/25(a)		733,024
	340,000	Uber Technologies Inc.,
		Zero Coupon, 12/15/25(a)		349,533
				3,019,779
		TOTAL CONVERTIBLE CORPORATE BONDS		159,914,673
Shares
		CONVERTIBLE PREFERRED STOCKS — 1.8%
		Business Services — 0.2%
	809,253	Amerivon Holdings LLC, 4.000% (c)		436,035
	272,728	Amerivon Holdings LLC,
		common equity units (c)		16,364
				452,399
		Financial Services — 0.7%
	1,000	Bank of America Corp., 7.250%, Ser. L		1,518,580
		Real Estate Investment Trusts — 0.9%
	15,000	QTS Realty Trust Inc., 6.500%, Ser. B		2,128,500
		TOTAL CONVERTIBLE PREFERRED STOCKS		4,099,479
		MANDATORY CONVERTIBLE SECURITIES (d) — 11.8%
		Automotive: Parts and Accessories — 1.3%
	19,100	Aptiv plc, Ser. A
		5.500%, 06/15/23		2,947,130
		Diversified Industrial — 1.4%
	15,000	Colfax Corp.,
		5.750%, 01/15/22		2,423,100

Shares			Market Value
	7,250	Stanley Black & Decker Inc.,
		5.250%, 11/15/22	$	810,840
				3,233,940
		Energy and Utilities — 3.5%
	11,102	American Electric Power Co. Inc.,
		6.125%, 03/15/22		556,210
	29,000	DTE Energy Co.,
		6.250%, 11/01/22		1,396,060
	3,645	Essential Utilities Inc.,
		6.000%, 04/30/22		226,063
		NextEra Energy Inc.,
	49,025	4.872%, 09/01/22		2,902,280
	27,900	5.279%, 03/01/23		1,418,436
	27,465	6.219%, 09/01/23		1,410,877
				7,909,926
		Equipment and Supplies — 0.7%
	1,000	Danaher Corp., Ser. A
		4.750%, 04/15/22		1,517,640
		Financial Services — 2.0%
	1,730	2020 Cash Mandatory Exchangeable Trust,
		5.250%, 06/01/23		2,078,024
	690	2020 Mandatory Exchangeable Trust,
		6.500%, 05/16/23		1,390,376
	24,000	New York Community Capital Trust V,
		6.000%, 11/01/51		1,100,400
				4,568,800
		Health Care — 1.7%
	25,445	Avantor Inc., Ser. A
		6.250%, 05/15/22		2,262,315
	30,900	Elanco Animal Health Inc.,
		5.000%, 02/01/23		1,509,156
				3,771,471
		Semiconductors — 1.2%
	1,945	Broadcom Inc., Ser. A
		8.000%, 09/30/22		2,766,704
		TOTAL MANDATORY CONVERTIBLE SECURITIES		26,715,611
		COMMON STOCKS — 14.4%
		Business Services — 1.4%
	13,000	PayPal Holdings Inc.†		3,044,600
		Computer Software and Services — 1.4%
	14,300	Microsoft Corp.		3,180,606

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Ellsworth Growth and Income Fund Ltd.

Schedule of Investments (Continued) — December 31, 2020 (Unaudited)

Shares			Market Value
		COMMON STOCKS (Continued)
		Consumer Products — 0.6%
	24,000	Unilever plc, ADR	$	1,448,640
		Energy and Utilities — 0.0%
	132	Goodrich Petroleum Corp.†		1,332
		Entertainment — 1.0%
	12,500	The Walt Disney Co.†		2,264,750
		Food and Beverage — 0.5%
	30,000	Conagra Brands Inc.		1,087,800
		Health Care — 2.5%
	12,960	Eli Lilly and Co.		2,188,166
	22,651	Merck & Co. Inc.		1,852,852
	40,000	Pfizer Inc.		1,472,400
				5,513,418
		Real Estate Investment Trusts — 4.6%
	10,000	American Tower Corp.		2,244,600
	16,100	Crown Castle International Corp.		2,562,959
	5,000	Equinix Inc.		3,570,900
	7,000	SBA Communications Corp.		1,974,910
				10,353,369
		Semiconductors — 0.4%
	20,000	Intel Corp.		996,400
		Telecommunications — 2.0%
	30,000	AT&T Inc.		862,800
	16,119	T-Mobile US Inc.†		2,173,647
	25,000	Verizon Communications Inc.		1,468,750
				4,505,197
		TOTAL COMMON STOCKS		32,396,112

Shares			Market Value
		WARRANTS — 0.0%
		Energy and Utilities — 0.0%
	1,131	Goodrich Petroleum Corp., expire 10/12/26†(c)	$	0
Principal Amount
		U.S. GOVERNMENT OBLIGATIONS — 1.1%
	$  2,380,000	U.S. Cash Management Bill,
		0.055%††, 02/16/21		2,379,829
		TOTAL INVESTMENTS — 100.0%
		(Cost $153,051,992)	$	225,505,704

(a) Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers.

(b) At December 31, 2020, the Fund held investments in restricted and illiquid security amounting to $2,304,885 or 1.02% of the Fund’s total investments, which were valued under methods approved by the Board of Trustees as follows:

Acquisition Principal Amount	Issuer	Acquisition Dates		Acquisition Cost		12/31/20 Carrying Value Per Bond
$1,025,000	Colony Capital     Operating Co. LLC,     5.750%, 07/15/25		07/17/20 - 11/11/20	$	1,291,390	$	2,248.6683

(c) Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.

(d) 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.

† Non-income producing security.

†† Represents annualized yield at date of purchase.

ADR American Depositary Receipt

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