The Gabelli Global Financial Services Fund
Schedule of Investments — June 30, 2020 (Unaudited)
Shares | Market | |||||||
COMMON STOCKS — 100.0% | ||||||||
Automobiles — 6.7% | ||||||||
9,500 | Daimler AG† | $ | 385,783 | |||||
4,000 | Toyota Motor Corp., ADR | 502,520 | ||||||
|
| |||||||
888,303 | ||||||||
|
| |||||||
Banks — 24.6% | ||||||||
23,050 | CIT Group Inc. | 477,827 | ||||||
125,200 | Commerzbank AG† | 558,004 | ||||||
46,200 | Credit Suisse Group AG, ADR | 476,322 | ||||||
112,400 | Dah Sing Financial Holdings Ltd. | 314,700 | ||||||
22,300 | Japan Post Bank Co. Ltd. | 165,636 | ||||||
16,000 | Shinhan Financial Group Co. Ltd., ADR | 384,960 | ||||||
28,100 | Shinsei Bank Ltd. | 337,798 | ||||||
8,450 | State Street Corp. | 536,997 | ||||||
|
| |||||||
3,252,244 | ||||||||
|
| |||||||
Consumer Finance — 6.0% | ||||||||
22,600 | Ally Financial Inc. | 448,158 | ||||||
5,400 | Capital One Financial Corp. | 337,986 | ||||||
|
| |||||||
786,144 | ||||||||
|
| |||||||
Diversified Banks — 17.8% | ||||||||
261,000 | Barclays plc | 370,039 | ||||||
11,650 | Citigroup Inc. | 595,315 | ||||||
42,800 | Credit Agricole SA† | 405,265 | ||||||
232,000 | Royal Bank of Scotland Group plc | 349,564 | ||||||
13,810 | Societe Generale SA† | 229,629 | ||||||
72,500 | Standard Chartered plc | 395,361 | ||||||
|
| |||||||
2,345,173 | ||||||||
|
| |||||||
Homebuilders — 6.7% | ||||||||
3,090 | Cavco Industries Inc.† | 595,907 |
Shares | Market | |||||||
20,009 | Legacy Housing Corp.† | $ | 284,528 | |||||
|
| |||||||
880,435 | ||||||||
|
| |||||||
Institutional Brokerage — 6.7% | ||||||||
84,000 | Daiwa Securities Group Inc. | 349,848 | ||||||
34,110 | Jefferies Financial Group Inc. | 530,411 | ||||||
|
| |||||||
880,259 | ||||||||
|
| |||||||
Institutional Trust, Fiduciary, and Custody — 4.9% |
| |||||||
16,750 | The Bank of New York Mellon Corp. | 647,387 | ||||||
|
| |||||||
Investment Management — 17.7% | ||||||||
5,450 | Diamond Hill Investment Group Inc. | 619,501 | ||||||
25,650 | Franklin Resources Inc. | 537,881 | ||||||
27,600 | Janus Henderson Group plc | 584,016 | ||||||
38,800 | Waddell & Reed Financial Inc., Cl. A | 601,788 | ||||||
|
| |||||||
2,343,186 | ||||||||
|
| |||||||
Life Insurance — 8.9% | ||||||||
191,040 | Aegon NV | 569,420 | ||||||
18,038 | NN Group NV | 605,941 | ||||||
|
| |||||||
1,175,361 | ||||||||
|
| |||||||
TOTAL COMMON STOCKS | 13,198,492 | |||||||
|
| |||||||
TOTAL INVESTMENTS — 100.0% (Cost $16,721,967) | $ | 13,198,492 | ||||||
|
|
† | Non-income producing security. |
ADR | American Depositary Receipt |
1