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

The Gabelli International Small Cap Fund

Schedule of Investments — September 30, 2020 (Unaudited)

			Market
Shares			Value
		COMMON STOCKS — 93.4%
		CONSUMER STAPLES — 17.3%
	8,000	Austevoll Seafood ASA	$	66,632
	1,250	Fevertree Drinks plc		37,360
	5,000	Glanbia plc		51,627
	30,000	Hotel Chocolat Group plc†		137,423
	2,420	Interparfums SA†		123,992
	1,700	Kameda Seika Co. Ltd.		87,255
	3,000	Kobe Bussan Co. Ltd.		165,213
	1,200	Laurent-Perrier†		99,880
	2,000	Milbon Co. Ltd.		106,144
	60	Philip Morris CR AS		35,544
	80,000	Premier Foods plc†		95,424
	22,000	PZ Cussons plc		66,738
	4,000	Sakata Seed Corp.		143,617
	35,000	Stock Spirits Group plc		97,415
	1,300	Viscofan SA		86,582
				1,400,846
		CONSUMER DISCRETIONARY — 16.8%
	27,000	888 Holdings plc		87,519
	5,555	AcadeMedia AB		45,825
	5,500	Beneteau SA		44,203
	10,000	boohoo Group plc†		48,277
	7,300	Gamesys Group plc		112,282
	11,820	GVC Holdings plc†		148,037
	1,150	Hunter Douglas NV†		67,024
	2,200	JINS Holdings Inc.		173,706
	25,000	Mandarin Oriental International Ltd.†		45,047
	90,000	NagaCorp. Ltd.		107,563
	2,000	Tod’s SpA†		58,252
	10,000	Treatt plc		77,945
	50,000	William Hill plc		177,735
	10,000	Zojirushi Corp.		165,915
				1,359,330
		MATERIALS — 13.9%
	6,000	Alamos Gold Inc., Cl. A		52,860
	13,850	Alamos Gold Inc., Toronto, Cl. A		122,009
	18,000	B2Gold Corp.		117,202
	20,000	Centamin plc		52,214
	5,844	Endeavour Mining Corp.†		145,491
	12,000	Hochschild Mining plc†		33,838
	1,302	Kirkland Lake Gold Ltd.		63,558
	3,000	Labrador Iron Ore Royalty Corp.		57,880
	4,000	MAG Silver Corp.†		65,037
	15,000	OceanaGold Corp.†		23,093
	7,000	Pretium Resources Inc.†		89,880
	2,000	Sumitomo Bakelite Co. Ltd.		55,100
	5,000	T. Hasegawa Co. Ltd.		100,544
	10,000	Teranga Gold Corp.†		105,441

			Market
Shares			Value
	25,000	Westgold Resources Ltd.†	$	43,006
				1,127,153
		HEALTH CARE — 13.6%
	13,712	AddLife AB, Cl. B†		213,002
	600	Bachem Holding AG, Cl. B		254,639
	900	Gerresheimer AG		100,677
	23,000	IRRAS AB†		20,041
	1,300	MedPeer Inc.†		60,374
	15,000	Nanosonics Ltd.†		61,363
	230	Siegfried Holding AG		157,298
	15,000	Tristel plc		92,906
	1,300	Vetoquinol SA		106,499
	250	Ypsomed Holding AG		36,587
				1,103,386
		INDUSTRIALS — 7.9%
	10,000	Aida Engineering Ltd.		68,791
	40,000	Chemring Group plc		124,235
	2,000	Clarkson plc		58,139
	4,000	Loomis AB†		109,426
	3,000	Maruwa Unyu Kikan Co. Ltd.		119,067
	20,000	Rotork plc		72,513
	12,000	Signature Aviation plc		36,971
	13,000	Teraoka Seisakusho Co. Ltd.		50,185
				639,327
		COMMUNICATION SERVICES — 7.1%
	1,100	Akatsuki Inc.		48,575
	2,000	Blue Prism Group plc†		34,367
	30,000	HT&E Ltd.		31,192
	9,000	Manchester United plc, Cl. A		130,860
	4,190	Modern Times Group MTG AB, Cl. B†		58,639
	4,190	Nordic Entertainment Group AB, Cl. B†		177,375
	4,000	RPA Holdings Inc.†		32,409
	1,000	Xilam Animation SA†		57,205
				570,622
		FINANCIALS — 7.0%
	30,000	Brewin Dolphin Holdings plc		90,319
	4,000	Kinnevik AB, Cl. B		162,353
	10,000	Polar Capital Holdings plc		60,484
	4,000	Rothschild & Co.†		112,465
	13,000	Tamburi Investment Partners SpA		86,128
	31,538	XPS Pensions Group plc		54,819
				566,568
		INFORMATION TECHNOLOGY — 5.7%
	10,000	F-Secure OYJ†		39,453
	3,000	GMO internet Inc.		78,595
	6,000	Infomart Corp.		53,232
	20,000	NCC Group plc		45,362
	15,000	Network International Holdings plc†		52,757
	2,000	Nynomic AG†		54,457

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The Gabelli International Small Cap Fund

Schedule of Investments (Continued) — September 30, 2020 (Unaudited)

			Market
Shares			Value
		COMMON STOCKS (Continued)
		INFORMATION TECHNOLOGY (Continued)
	45,000	Oxford Metrics plc	$	47,926
	3,000	PSI Software AG		87,414
				459,196
		REAL ESTATE — 4.1%
	25,000	Impact Healthcare Reit plc		31,807
	4,000	PATRIZIA AG		108,695
	7,000	Tosei Corp.		65,163
	3,500	Warehouses De Pauw CVA, REIT		127,370
				333,035
		TOTAL COMMON STOCKS		7,559,463
		PREFERRED STOCKS — 1.5%
		HEALTH CARE — 1.5%
	1,400	Draegerwerk AG & Co. KGaA, 0.190%		121,736

Principal Amount			Market Value
		U.S. GOVERNMENT OBLIGATIONS — 5.1%
	$415,000	U.S. Treasury Bills,
		0.087% to 0.090%††, 12/17/20 to 12/31/20	$	414,916
		TOTAL INVESTMENTS — 100.0% (Cost $7,163,272)	$	8,096,115

†	Non-income producing security.
††	Represents annualized yields at dates of purchase.
REIT	Real Estate Investment Trust

Geographic Diversification	%of Market Value			Market Value
Europe		61.1	%		$	4,942,854
Japan		19.5				1,573,885
Canada		8.3				673,865
United States		5.1				414,916
Latin America		3.5				286,892
Asia/Pacific		2.5				203,703
		100.0	%		$	8,096,115

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