Gabelli Global Growth Fund (GGGAX) NPORT-P Gabelli International Small Cap Fund (Mar 2020 report)

The Gabelli International Small Cap Fund

Schedule of Investments — March 31, 2020 (Unaudited)

Shares			Market Value
		COMMON STOCKS — 94.5%
		CONSUMER STAPLES — 19.4%
	5,000	Glanbia plc	$	54,428
	30,000	Hotel Chocolat Group plc		102,812
	2,420	Interparfums SA		81,167
	2,700	Kameda Seika Co. Ltd.		123,622
	3,000	Kobe Bussan Co. Ltd.		117,902
	1,200	Laurent-Perrier		99,321
	3,000	Milbon Co. Ltd.		151,069
	60	Philip Morris CR AS		32,196
	80,000	Premier Foods plc†		24,057
	22,000	PZ Cussons plc		52,043
	4,000	Sakata Seed Corp.		121,356
	35,000	Stock Spirits Group plc		69,673
	1,300	Viscofan SA		71,180
				1,100,826
		CONSUMER DISCRETIONARY — 15.7%
	5,555	AcadeMedia AB		27,175
	5,500	Beneteau SA		36,221
	7,000	Crest Nicholson Holdings plc		15,114
	10,000	Gamesys Group plc†		90,396
	11,820	GVC Holdings plc		81,874
	1,150	Hunter Douglas NV		51,824
	2,200	JINS Holdings Inc.		120,469
	25,000	Mandarin Oriental International Ltd.		32,000
	140,000	NagaCorp. Ltd.		141,721
	2,000	Tod’s SpA		66,691
	10,000	Treatt plc		47,595
	50,000	William Hill plc		41,450
	10,000	Zojirushi Corp.		136,390
				888,920
		MATERIALS — 12.6%
	6,000	Alamos Gold Inc., Cl. A		30,000
	13,850	Alamos Gold Inc., Toronto, Cl. A		69,580
	18,000	B2Gold Corp.		54,487
	6,250	Castile Resources Ltd.†		288
	20,000	Centamin plc		29,694
	3,000	Endeavour Mining Corp.†		42,656
	12,000	Hochschild Mining plc		15,681
	1,302	Kirkland Lake Gold Ltd.		38,349
	3,000	Labrador Iron Ore Royalty Corp.		35,835
	4,000	MAG Silver Corp.†		30,868
	15,000	OceanaGold Corp.		14,389
	7,000	Pretium Resources Inc.†		39,690
	12,000	Sekisui Plastics Co. Ltd.		62,003
	20,000	SEMAFO Inc.†		38,798
	2,000	Sumitomo Bakelite Co. Ltd.		42,070
	5,000	T. Hasegawa Co. Ltd.		94,179
	10,000	Teranga Gold Corp.†		49,101

Shares			Market Value
	25,000	Westgold Resources Ltd.†	$	29,054
				716,722
		INDUSTRIALS — 10.7%
	10,000	Aida Engineering Ltd.		63,257
	40,000	Chemring Group plc		99,358
	2,000	Clarkson plc		56,806
	4,000	Loomis AB, Cl. B		80,971
	20,000	Rotork plc		52,916
	2,000	Shima Seiki Manufacturing Ltd.		26,227
	12,000	Signature Aviation plc		24,384
	10,000	Sodick Co. Ltd.		59,493
	13,000	Teraoka Seisakusho Co. Ltd.		36,427
	6,000	Workspace Group plc, REIT		56,289
	8,000	Yushin Precision Equipment Co. Ltd.		49,649
				605,777
		HEALTH CARE — 10.1%
	3,428	AddLife AB, Cl. B		97,812
	600	Bachem Holding AG, Cl. B		119,583
	900	Gerresheimer AG		56,753
	10,000	IRRAS AB†		5,912
	15,000	Nanosonics Ltd.†		51,467
	230	Siegfried Holding AG		92,562
	10,000	Tristel plc		51,858
	1,300	Vetoquinol SA		67,938
	250	Ypsomed Holding AG		32,376
				576,261
		FINANCIALS — 7.9%
	30,000	Brewin Dolphin Holdings plc		81,445
	4,000	Kinnevik AB, Cl. B		65,238
	10,000	Polar Capital Holdings plc		47,041
	4,000	Rothschild & Co.		81,015
	13,000	Tamburi Investment Partners SpA		79,770
	120,000	Value Partners Group Ltd.		50,983
	31,538	XPS Pensions Group plc		43,091
				448,583
		COMMUNICATION SERVICES — 7.2%
	1,100	Akatsuki Inc.		36,698
	2,000	Blue Prism Group plc†		27,764
	30,000	HT&E Ltd.		21,036
	9,000	Manchester United plc, Cl. A		135,450
	4,190	Modern Times Group MTG AB, Cl. B†		32,483
	4,190	Nordic Entertainment Group AB, Cl. B		87,239
	4,000	RPA Holdings Inc.†		27,674
	1,000	Xilam Animation SA†		38,467
				406,811
		INFORMATION TECHNOLOGY — 5.8%
	24,285	Equiniti Group plc		52,357
	10,000	F-Secure OYJ†		25,833
	12,000	Infomart Corp.		78,968

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The Gabelli International Small Cap Fund

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

Shares			Market Value
		COMMON STOCKS (Continued)
		INFORMATION TECHNOLOGY (Continued)
	20,000	NCC Group plc	$	40,947
	2,000	Nynomic AG†		31,102
	3,000	PSI Software AG		57,376
	6,000	Topcon Corp.		44,041
				330,624
		REAL ESTATE — 4.9%
	25,000	Impact Healthcare Reit plc, REIT		28,580
	4,000	PATRIZIA AG		91,520
	7,000	Tosei Corp.		60,145
	3,500	Warehouses De Pauw CVA, REIT		99,906
				280,151
		UTILITIES — 0.2%
	75,000	China Everbright Water Ltd.		12,159
		TOTAL COMMON STOCKS		5,366,834
		RIGHTS — 0.0%
		HEALTH CARE — 0.0%
	10,000	IRRAS AB, expire 04/09/20†		50
		PREFERRED STOCKS — 2.4%
		HEALTH CARE — 2.4%
	1,400	Draegerwerk AG & Co. KGaA, 0.190%		134,642

Principal Amount			Market Value
		U.S. GOVERNMENT OBLIGATIONS — 3.1%
	$175,000	U.S. Treasury Bill,
		0.265%††, 06/11/20	$	174,972
		TOTAL INVESTMENTS — 100.0%
		(Cost $7,446,922)	$	5,676,498

† Non-income producing security.

†† Represents annualized yield at date of purchase.

REIT Real Estate Investment Trust

Geographic Diversification	% of Market Value			Market Value
Europe		57.3	%	$	3,251,744
Japan		25.6			1,451,640
Canada		6.8			386,707
Asia/Pacific		3.7			211,377
Latin America		3.5			200,058
United States		3.1			174,972
		100.0	%	$	5,676,498

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