The Gabelli Global Rising Income and Dividend Fund
Schedule of Investments — March 31, 2020 (Unaudited)
Principal | Market | |||||||
CONVERTIBLE CORPORATE BONDS — 0.2% | ||||||||
Energy and Utilities — 0.2% | ||||||||
$ | 100,000 | Chart Industries Inc., | $ | 78,652 | ||||
|
| |||||||
Shares | ||||||||
COMMON STOCKS — 96.5% | ||||||||
Aerospace and Defense — 1.7% | ||||||||
5,000 | Aerojet Rocketdyne Holdings Inc.† | 209,150 | ||||||
1,800 | L3Harris Technologies Inc. | 324,216 | ||||||
6,000 | Ultra Electronics Holdings plc | 149,648 | ||||||
|
| |||||||
683,014 | ||||||||
|
| |||||||
Automotive — 0.3% | ||||||||
1,000 | Volkswagen AG | 133,892 | ||||||
|
| |||||||
Automotive: Parts and Accessories — 1.4% | ||||||||
19,000 | Dana Inc. | 148,390 | ||||||
2,000 | Genuine Parts Co. | 134,660 | ||||||
3,000 | Linamar Corp. | 62,098 | ||||||
46,000 | Uni-Select Inc. | 167,029 | ||||||
4,000 | Veoneer Inc.† | 29,280 | ||||||
|
| |||||||
541,457 | ||||||||
|
| |||||||
Aviation: Parts and Services — 0.2% | ||||||||
200 | Curtiss-Wright Corp. | 18,482 | ||||||
32,000 | Signature Aviation plc | 65,583 | ||||||
|
| |||||||
84,065 | ||||||||
|
| |||||||
Building and Construction — 1.8% | ||||||||
333 | Arcosa Inc. | 13,233 | ||||||
15,000 | Armstrong Flooring Inc.† | 21,450 | ||||||
500 | Chofu Seisakusho Co. Ltd. | 11,834 | ||||||
14,000 | GCP Applied Technologies Inc.† | 249,200 | ||||||
10,000 | Herc Holdings Inc.† | 204,600 | ||||||
6,000 | Johnson Controls International plc | 161,760 | ||||||
1,220 | Lennar Corp., Cl. B | 35,282 | ||||||
|
| |||||||
697,359 | ||||||||
|
| |||||||
Business Services — 1.1% | ||||||||
14,000 | JCDecaux SA | 254,770 | ||||||
8,000 | Matthews International Corp., Cl. A | 193,520 | ||||||
|
| |||||||
448,290 | ||||||||
|
| |||||||
Cable and Satellite — 2.4% | ||||||||
514 | DISH Network Corp., Cl. A† | 10,275 | ||||||
800 | EchoStar Corp., Cl. A† | 25,576 | ||||||
1,000 | Liberty Global plc, Cl. A† | 16,510 | ||||||
3,000 | Liberty Global plc, Cl. C† | 47,130 | ||||||
1,000 | Liberty Latin America Ltd., Cl. A† | 10,520 | ||||||
20,000 | Rogers Communications Inc., Cl. B | 830,600 | ||||||
|
| |||||||
940,611 | ||||||||
|
|
Shares | Market | |||||||
Computer Software and Services — 0.9% | ||||||||
1,000 | AVEVA Group plc | $ | 43,399 | |||||
34,000 | Hewlett Packard Enterprise Co. | 330,140 | ||||||
|
| |||||||
373,539 | ||||||||
|
| |||||||
Consumer Products — 6.7% | ||||||||
21,000 | Essity AB, Cl. A | 643,211 | ||||||
9,034 | Hunter Douglas NV | 408,508 | ||||||
2,000 | L’Oreal SA | 526,966 | ||||||
1,500 | Salvatore Ferragamo SpA | 20,018 | ||||||
16,000 | Scandinavian Tobacco Group A/S | 161,794 | ||||||
4,500 | Svenska Cellulosa AB SCA, Cl. A† | 45,489 | ||||||
10,000 | Swedish Match AB | 574,169 | ||||||
7,000 | Unicharm Corp. | 263,725 | ||||||
|
| |||||||
2,643,880 | ||||||||
|
| |||||||
Consumer Services — 1.5% | ||||||||
12,000 | Ashtead Group plc | 263,151 | ||||||
200 | Boyd Group Services Inc. | 20,820 | ||||||
3,000 | Macquarie Infrastructure Corp. | 75,750 | ||||||
8,500 | ServiceMaster Global Holdings Inc.† | 229,500 | ||||||
|
| |||||||
589,221 | ||||||||
|
| |||||||
Diversified Industrial — 5.8% | ||||||||
1,000 | Aker ASA, Cl. A | 22,662 | ||||||
8,000 | Ampco-Pittsburgh Corp.† | 20,000 | ||||||
2,500 | Ardagh Group SA | 29,650 | ||||||
8,000 | Bouygues SA | 235,756 | ||||||
500 | Crane Co. | 24,590 | ||||||
17,200 | EnPro Industries Inc. | 680,776 | ||||||
7,500 | Jardine Matheson Holdings Ltd. | 375,000 | ||||||
17,000 | Jardine Strategic Holdings Ltd. | 377,400 | ||||||
14,500 | Myers Industries Inc. | 155,875 | ||||||
11,500 | Nilfisk Holding A/S† | 146,105 | ||||||
800 | Park-Ohio Holdings Corp. | 15,152 | ||||||
1,000 | Sulzer AG | 63,480 | ||||||
4,000 | Textron Inc. | 106,680 | ||||||
3,000 | Trinity Industries Inc. | 48,210 | ||||||
|
| |||||||
2,301,336 | ||||||||
|
| |||||||
Electronics — 10.1% | ||||||||
36,000 | Sony Corp. | 2,149,788 | ||||||
31,000 | Sony Corp., ADR | 1,834,580 | ||||||
1,500 | Stratasys Ltd.† | 23,925 | ||||||
|
| |||||||
4,008,293 | ||||||||
|
| |||||||
Energy and Energy Services — 2.5% | ||||||||
6,000 | BP plc, ADR | 146,340 | ||||||
12,000 | Landis+Gyr Group AG | 830,338 | ||||||
|
| |||||||
976,678 | ||||||||
|
| |||||||
Energy and Utilities — 5.2% | ||||||||
10,000 | Cameco Corp. | 76,400 | ||||||
1,100 | Cheniere Energy Inc.† | 36,850 |
1
The Gabelli Global Rising Income and Dividend Fund
Schedule of Investments (Continued) — March 31, 2020 (Unaudited)
Shares | Market Value | |||||||
COMMON STOCKS (Continued) | ||||||||
Energy and Utilities (Continued) | ||||||||
7,500 | National Fuel Gas Co. | $ | 279,675 | |||||
16,000 | National Grid plc, ADR | 932,320 | ||||||
10,000 | Royal Dutch Shell plc, Cl. B | 168,900 | ||||||
20,000 | Severn Trent plc | 566,396 | ||||||
200,000 | Texas Competitive Electric Holdings Co. LLC, | 0 | ||||||
|
| |||||||
2,060,541 | ||||||||
|
| |||||||
Entertainment — 2.6% | ||||||||
9,000 | Discovery Inc., Cl. A† | 174,960 | ||||||
22,000 | Grupo Televisa SAB, ADR | 127,600 | ||||||
28,000 | International Game Technology plc | 166,600 | ||||||
100,000 | ITV plc | 82,003 | ||||||
954 | ViacomCBS Inc., Cl. A | 17,010 | ||||||
10,155 | ViacomCBS Inc., Cl. B | 142,272 | ||||||
15,000 | Vivendi SA | 323,012 | ||||||
|
| |||||||
1,033,457 | ||||||||
|
| |||||||
Equipment and Supplies — 1.3% | ||||||||
4,500 | Graco Inc. | 219,285 | ||||||
12,500 | Mueller Industries Inc. | 299,250 | ||||||
|
| |||||||
518,535 | ||||||||
|
| |||||||
Financial Services — 9.4% | ||||||||
1,000 | American Express Co. | 85,610 | ||||||
8,800 | American International Group Inc. | 213,400 | ||||||
2,000 | Bank of America Corp. | 42,460 | ||||||
3 | Berkshire Hathaway Inc., Cl. A† | 816,000 | ||||||
8,000 | Citigroup Inc. | 336,960 | ||||||
4,000 | Comerica Inc. | 117,360 | ||||||
8,000 | Deutsche Bank AG | 51,360 | ||||||
4,200 | EXOR NV | 217,713 | ||||||
27,000 | FinecoBank Banca Fineco SpA | 246,862 | ||||||
60,000 | GAM Holding AG† | 113,829 | ||||||
2,000 | Julius Baer Group Ltd. | 68,634 | ||||||
17,500 | Kinnevik AB, Cl. A | 291,886 | ||||||
500 | Kinnevik AB, Cl. B | 8,345 | ||||||
5,000 | Morgan Stanley | 170,000 | ||||||
30,000 | Resona Holdings Inc. | 90,732 | ||||||
2,000 | State Street Corp. | 106,540 | ||||||
1,000 | T. Rowe Price Group Inc. | �� | 97,650 | |||||
10,000 | The Bank of New York Mellon Corp. | 336,800 | ||||||
1,500 | The PNC Financial Services Group Inc. | 143,580 | ||||||
5,000 | UBS Group AG | 46,300 | ||||||
4,000 | Wells Fargo & Co. | 114,800 | ||||||
|
| |||||||
3,716,821 | ||||||||
|
| |||||||
Food and Beverage — 22.3% | ||||||||
2,000 | Campbell Soup Co. | 92,320 | ||||||
8,000 | Chr. Hansen Holding A/S | 601,321 | ||||||
7,500 | Danone SA | 485,056 | ||||||
130,000 | Davide Campari-Milano SpA | 939,120 |
Shares | Market Value | |||||||
6,000 | Diageo plc, ADR | $ | 762,720 | |||||
4,000 | Fomento Economico Mexicano SAB de CV, ADR | 242,040 | ||||||
2,000 | Heineken NV | 167,994 | ||||||
2,500 | Kellogg Co. | 149,975 | ||||||
4,000 | Kerry Group plc, Cl. A | 461,895 | ||||||
10,900 | Kikkoman Corp. | 466,817 | ||||||
5,000 | Maple Leaf Foods Inc., Toronto | 90,670 | ||||||
1,500 | McCormick & Co. Inc., Cl. V | 213,645 | ||||||
1,500 | McCormick & Co. Inc.,Non-Voting | 211,815 | ||||||
800 | National Beverage Corp.† | 34,120 | ||||||
16,000 | Nestlé SA | 1,653,195 | ||||||
3,500 | Pernod Ricard SA | 499,697 | ||||||
14,000 | Remy Cointreau SA | 1,538,657 | ||||||
6,000 | The Kraft Heinz Co. | 148,440 | ||||||
1,000 | Yakult Honsha Co. Ltd. | 59,428 | ||||||
400,000 | Yashili International Holdings Ltd. | 25,797 | ||||||
|
| |||||||
8,844,722 | ||||||||
|
| |||||||
Health Care — 3.4% | ||||||||
20,000 | Achaogen Inc.† | 224 | ||||||
4,000 | Bristol-Myers Squibb Co. | 222,960 | ||||||
16,000 | Clovis Oncology Inc.† | 101,760 | ||||||
7,000 | Cutera Inc.† | 91,420 | ||||||
1,000 | ICU Medical Inc.† | 201,770 | ||||||
4,000 | Idorsia Ltd.† | 104,727 | ||||||
1,600 | Johnson & Johnson | 209,808 | ||||||
2,500 | Patterson Cos. Inc. | 38,225 | ||||||
6,000 | Pfizer Inc. | 195,840 | ||||||
5,000 | Roche Holding AG, ADR | 202,850 | ||||||
|
| |||||||
1,369,584 | ||||||||
|
| |||||||
Hotels and Gaming — 2.0% | ||||||||
250,000 | Mandarin Oriental International Ltd. | 320,000 | ||||||
180,000 | The Hongkong & Shanghai Hotels Ltd. | 143,485 | ||||||
275,000 | William Hill plc | 232,750 | ||||||
1,500 | Wynn Resorts Ltd. | 90,285 | ||||||
|
| |||||||
786,520 | ||||||||
|
| |||||||
Machinery — 2.8% | ||||||||
104,000 | CNH Industrial NV, Borsa Italiana | 598,284 | ||||||
50,000 | CNH Industrial NV, New York | 280,500 | ||||||
1,200 | Mueller Water Products Inc., Cl. A | 9,612 | ||||||
2,000 | NKT A/S† | 35,898 | ||||||
30,000 | Twin Disc Inc.† | 209,400 | ||||||
|
| |||||||
1,133,694 | ||||||||
|
| |||||||
Publishing — 0.7% | ||||||||
38,000 | The E.W. Scripps Co., Cl. A | 286,520 | ||||||
|
| |||||||
Retail — 0.8% | ||||||||
6,753 | Hertz Global Holdings Inc.† | 41,733 | ||||||
500 | Ingles Markets Inc., Cl. A | 18,080 | ||||||
4,000 | Macy’s Inc. | 19,640 |
2
The Gabelli Global Rising Income and Dividend Fund
Schedule of Investments (Continued) — March 31, 2020 (Unaudited)
Shares | Market Value | |||||||
COMMON STOCKS (Continued) | ||||||||
Retail (Continued) | ||||||||
2,000 | Nathan’s Famous Inc. | $ 122,000 | ||||||
2,400 | Walgreens Boots Alliance Inc. | 109,800 | ||||||
|
| |||||||
311,253 | ||||||||
|
| |||||||
Specialty Chemicals — 1.0% | ||||||||
700 | Ashland Global Holdings Inc. | 35,049 | ||||||
3,000 | International Flavors & Fragrances Inc. | 306,240 | ||||||
200 | The Chemours Co. | 1,774 | ||||||
4,000 | Valvoline Inc. | 52,360 | ||||||
|
| |||||||
395,423 | ||||||||
|
| |||||||
Telecommunications — 6.4% | ||||||||
2,000 | CenturyLink Inc. | 18,920 | ||||||
11,000 | Cincinnati Bell Inc.† | 161,040 | ||||||
3,000 | Deutsche Telekom AG, ADR† | 38,820 | ||||||
4,000 | Frontier Communications Corp.† | 1,520 | ||||||
50,000 | Koninklijke KPN NV | 119,996 | ||||||
60,000 | Pharol SGPS SA, ADR† | 4,794 | ||||||
2,400 | Proximus SA | 55,242 | ||||||
130,000 | Sistema PJSC FC, GDR | 431,600 | ||||||
90,000 | Sprint Corp.† | 775,800 | ||||||
58,000 | Telefonica Deutschland Holding AG | 144,504 | ||||||
60,000 | VEON Ltd., ADR | 90,600 | ||||||
3,000 | Verizon Communications Inc. | 161,190 | ||||||
38,000 | Vodafone Group plc, ADR | 523,260 | ||||||
|
| |||||||
2,527,286 | ||||||||
|
| |||||||
Wireless Communications — 2.2% | ||||||||
31,000 | Millicom International Cellular SA, SDR | 876,174 | ||||||
|
| |||||||
TOTAL COMMON STOCKS | 38,282,165 | |||||||
|
|
Principal | Market Value | |||||||
U.S. GOVERNMENT OBLIGATIONS — 3.3% | ||||||||
$ | 1,315,000 | U.S. Treasury Bill, | $ | 1,314,460 | ||||
|
| |||||||
TOTAL INVESTMENTS — 100.0% | $ | 39,675,277 | ||||||
|
|
(a) | Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. This security may be resold in transactions exempt from registration, normally to qualified institutional buyers. |
(b) | Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy. |
† | Non-income producing security. |
†† | Represents annualized yield at date of purchase. |
ADR American Depositary Receipt
GDR Global Depositary Receipt
SDR Swedish Depositary Receipt
Geographic Diversification | %of Market Value | Market Value | ||||||
Europe | 47.5 | % | $ 18,825,062 | |||||
United States | 33.1 | 13,114,372 | ||||||
Japan | 12.3 | 4,876,905 | ||||||
Canada | 3.1 | 1,247,616 | ||||||
Asia/Pacific | 3.1 | 1,241,682 | ||||||
Latin America | 0.9 | 369,640 | ||||||
|
|
|
| |||||
100.0 | % | $ 39,675,277 | ||||||
|
|
|
|
3