1
The
Gabelli
Global
Rising
Income
and
Dividend
Fund
Schedule
of
Investments
—
March
31,
2022
(Unaudited)
Shares
Market
Value
COMMON
STOCKS
—
96
.5
%
Aerospace
and
Defense
—
1
.4
%
5,000
Aerojet
Rocketdyne
Holdings
Inc.
†
............
$
196,750
1,600
L3Harris
Technologies
Inc.
.......................
397,552
6,000
Ultra
Electronics
Holdings
plc
...................
261,994
856,296
Automotive
—
2
.3
%
15,000
Daimler
Truck
Holding
AG
†
.......................
418,660
36,000
Iveco
Group
NV
†
......................................
236,959
28,000
Traton
SE
.................................................
522,548
1,000
Volkswagen
AG
........................................
250,234
1,428,401
Automotive:
Parts
and
Accessories
—
2
.2
%
20,000
Dana
Inc.
.................................................
351,400
2,000
Genuine
Parts
Co.
.....................................
252,040
1,000
Linamar
Corp.
..........................................
44,451
28,000
Uni-Select
Inc.
†
........................................
683,118
1,000
Veoneer
Inc.
†
...........................................
36,950
1,367,959
Broadcasting
—
1
.1
%
200
Cogeco
Inc.
..............................................
12,331
4,500
Paramount
Global
,
Cl. A
............................
181,845
17,000
Sinclair
Broadcast
Group
Inc.
,
Cl. A
...........
476,340
670,516
Building
and
Construction
—
1
.7
%
333
Arcosa
Inc.
...............................................
19,064
500
Chofu
Seisakusho
Co.
Ltd.
........................
8,161
14,700
GCP
Applied
Technologies
Inc.
†
................
461,874
6,000
Johnson
Controls
International
plc
............
393,420
2,000
Lennar
Corp.
,
Cl. B
...................................
136,700
200
Sika
AG
....................................................
66,533
1,085,752
Business
Services
—
1
.3
%
17,500
JCDecaux
SA
†
..........................................
414,678
11,500
Matthews
International
Corp.
,
Cl. A
...........
372,140
786,818
Cable
and
Satellite
—
2
.5
%
514
DISH
Network
Corp.
,
Cl. A
†
......................
16,268
800
EchoStar
Corp.
,
Cl. A
†
..............................
19,472
6,000
Liberty
Global
plc
,
Cl. A
†
..........................
153,060
6,000
Liberty
Global
plc
,
Cl. C
†
..........................
155,460
12,000
Liberty
Latin
America
Ltd.
,
Cl. A
†
..............
116,400
595
Liberty
Latin
America
Ltd.
,
Cl. C
†
..............
5,706
19,000
Rogers
Communications
Inc.
,
Cl. B
...........
1,078,250
1,544,616
Computer
Software
and
Services
—
0
.8
%
1,777
AVEVA
Group
plc
......................................
57,192
28,000
Hewlett
Packard
Enterprise
Co.
.................
467,880
525,072
Shares
Market
Value
Consumer
Products
—
8
.2
%
5,500
Energizer
Holdings
Inc.
.............................
$
169,180
21,000
Essity
AB
,
Cl. A
.........................................
498,064
10,000
Hunter
Douglas
NV
†
.................................
1,909,388
2,000
L'Oreal
SA
................................................
805,018
2,000
Salvatore
Ferragamo
SpA
†
.......................
38,011
12,000
Scandinavian
Tobacco
Group
A/S
..............
256,629
600
Spectrum
Brands
Holdings
Inc.
................
53,232
4,000
Svenska
Cellulosa
AB
SCA
,
Cl. A
...............
77,597
100,000
Swedish
Match
AB
...................................
753,850
6,200
Terminix
Global
Holdings
Inc.
†
.................
282,906
7,000
Unicharm
Corp.
........................................
250,641
5,094,516
Consumer
Services
—
3
.8
%
11,500
Ashtead
Group
plc
....................................
730,120
200
Boyd
Group
Services
Inc.
.........................
26,488
9,500
Herc
Holdings
Inc.
....................................
1,587,355
2,343,963
Diversified
Industrial
—
6
.8
%
600
Aker
ASA
,
Cl. A
.........................................
55,203
11,571
Ampco-Pittsburgh
Corp.
†
.........................
73,013
9,000
Ardagh
Group
SA
.....................................
182,925
10,000
Bollore
SE
................................................
52,591
10,000
Bouygues
SA
............................................
349,907
1,200
Crane
Co.
.................................................
129,936
14,000
EnPro
Industries
Inc.
................................
1,368,220
3,000
Hyster-Yale
Materials
Handling
Inc.
...........
99,630
10,000
Jardine
Matheson
Holdings
Ltd.
................
550,000
3,500
Macquarie
Infrastructure
Holdings
LLC
.....
13,055
14,500
Myers
Industries
Inc.
................................
313,200
11,000
Nilfisk
Holding
A/S
†
.................................
332,089
2,000
Park-Ohio
Holdings
Corp.
.........................
28,140
1,400
Sulzer
AG
.................................................
116,509
6,000
Textron
Inc.
..............................................
446,280
3,000
Trinity
Industries
Inc.
................................
103,080
4,213,778
Electronics
—
8
.2
%
24,000
Sony
Group
Corp.
.....................................
2,509,611
25,000
Sony
Group
Corp.
,
ADR
............................
2,567,750
5,077,361
Energy
and
Energy
Services
—
1
.4
%
4,000
BP
plc
,
ADR
.............................................
117,600
12,000
Landis+Gyr
Group
AG
...............................
762,296
879,896
Energy
and
Utilities
—
4
.7
%
7,500
Cameco
Corp.
..........................................
218,250
600
Cheniere
Energy
Inc.
................................
83,190
7,000
National
Fuel
Gas
Co.
................................
480,900
14,000
National
Grid
plc
,
ADR
..............................
1,076,180
18,000
Severn
Trent
plc
.......................................
727,815
2
The
Gabelli
Global
Rising
Income
and
Dividend
Fund
Schedule
of
Investments
(Continued)
—
March
31,
2022
(Unaudited)
Shares
Market
Value
COMMON
STOCKS
(Continued)
Energy
and
Utilities
(Continued)
11,000
Shell
plc
...................................................
$
304,681
2,891,016
Entertainment
—
2
.7
%
9,000
Discovery
Inc.
,
Cl. A
†
...............................
224,280
40,000
Grupo
Televisa
SAB
,
ADR
.........................
468,000
13,000
International
Game
Technology
plc
............
320,840
112,500
ITV
plc
†
...................................................
121,066
26,000
Tencent
Music
Entertainment
Group
,
ADR
†
126,620
5,000
Universal
Music
Group
NV
........................
133,829
20,000
Vivendi
SE
................................................
261,960
1,656,595
Equipment
and
Supplies
—
1
.6
%
4,500
Graco
Inc.
................................................
313,740
12,000
Mueller
Industries
Inc.
..............................
650,040
963,780
Financial
Services
—
10
.1
%
1,000
American
Express
Co.
...............................
187,000
2,500
American
International
Group
Inc.
.............
156,925
3,000
Bank
of
America
Corp.
..............................
123,660
3
Berkshire
Hathaway
Inc.
,
Cl. A
†
................
1,586,763
6,000
Citigroup
Inc.
...........................................
320,400
3,200
Comerica
Inc.
...........................................
289,376
8,000
Deutsche
Bank
AG
†
..................................
101,200
5,000
EXOR
NV
.................................................
384,422
27,000
FinecoBank
Banca
Fineco
SpA
...................
412,935
68,500
GAM
Holding
AG
†
....................................
84,731
1,600
Julius
Baer
Group
Ltd.
..............................
93,294
15,800
Kinnevik
AB
,
Cl. A
†
...................................
426,827
4,600
Morgan
Stanley
........................................
402,040
40,000
Resona
Holdings
Inc.
...............................
172,203
2,500
State
Street
Corp.
.....................................
217,800
1,000
T.
Rowe
Price
Group
Inc.
..........................
151,190
10,000
The
Bank
of
New
York
Mellon
Corp.
..........
496,300
1,500
The
PNC
Financial
Services
Group
Inc.
......
276,675
7,000
UBS
Group
AG
.........................................
136,780
5,000
Wells
Fargo
&
Co.
....................................
242,300
6,262,821
Food
and
Beverage
—
17
.7
%
5,000
Campbell
Soup
Co.
...................................
222,850
7,500
Chr.
Hansen
Holding
A/S
...........................
554,015
5,500
Danone
SA
...............................................
304,401
45,000
Davide
Campari-Milano
NV
.......................
525,441
6,000
Diageo
plc
,
ADR
.......................................
1,218,840
4,500
Fomento
Economico
Mexicano
SAB
de
CV
,
ADR
.....................................................
372,825
2,000
Heineken
NV
............................................
191,558
2,500
Kellogg
Co.
..............................................
161,225
4,000
Kerry
Group
plc
,
Cl. A
...............................
448,252
Shares
Market
Value
10,600
Kikkoman
Corp.
........................................
$
707,886
9,000
Maple
Leaf
Foods
Inc.
..............................
215,974
3,000
McCormick
&
Co.
Inc.
..............................
300,000
3,000
McCormick
&
Co.
Inc.,
Non-Voting
...........
299,400
14,000
Nestlé
SA
.................................................
1,821,114
3,500
Pernod
Ricard
SA
.....................................
771,665
12,100
Remy
Cointreau
SA
..................................
2,503,112
6,000
The
Kraft
Heinz
Co.
...................................
236,340
1,500
Yakult
Honsha
Co.
Ltd.
.............................
80,335
300,000
Yashili
International
Holdings
Ltd.
†
...........
37,149
10,972,382
Health
Care
—
3
.9
%
20,000
Achaogen
Inc.
†
........................................
0
4,000
Bristol-Myers
Squibb
Co.
..........................
292,120
11,000
Clovis
Oncology
Inc.
†
...............................
22,220
7,000
Cutera
Inc.
†
.............................................
483,000
1,000
GlaxoSmithKline
plc
,
ADR
.........................
43,560
700
ICU
Medical
Inc.
†
.....................................
155,848
4,666
Idorsia
Ltd.
†
............................................
93,062
1,600
Johnson
&
Johnson
.................................
283,568
1,400
Medmix
AG
†
............................................
48,967
2,500
Patterson
Cos.
Inc.
...................................
80,925
6,000
Pfizer
Inc.
................................................
310,620
5,000
Roche
Holding
AG
,
ADR
...........................
247,050
34,000
Viatris
Inc.
...............................................
369,920
2,430,860
Hotels
and
Gaming
—
1
.2
%
225,000
Mandarin
Oriental
International
Ltd.
†
........
450,000
200,000
The
Hongkong
&
Shanghai
Hotels
Ltd.
†
....
213,192
800
Wynn
Resorts
Ltd.
†
..................................
63,792
726,984
Machinery
—
4
.2
%
90,000
CNH
Industrial
NV,
Borsa
Italiana
..............
1,433,202
50,000
CNH
Industrial
NV,
New
York
....................
793,000
2,666
NKT
A/S
†
.................................................
121,166
14,524
Twin
Disc
Inc.
†
.........................................
241,679
2,589,047
Publishing
—
0
.8
%
25,000
The
E.W.
Scripps
Co.
,
Cl. A
†
.....................
519,750
Retail
—
0
.8
%
3,000
Nathan's
Famous
Inc.
...............................
162,510
4,000
Walgreens
Boots
Alliance
Inc.
...................
179,080
2,500
Zalando
SE
†
.............................................
127,219
468,809
Specialty
Chemicals
—
1
.1
%
700
Ashland
Global
Holdings
Inc.
....................
68,887
5,000
Ferro
Corp.
†
.............................................
108,700
3,000
International
Flavors
&
Fragrances
Inc.
.....
393,990
200
The
Chemours
Co.
....................................
6,296
3
The
Gabelli
Global
Rising
Income
and
Dividend
Fund
Schedule
of
Investments
(Continued)
—
March
31,
2022
(Unaudited)
Shares
Market
Value
COMMON
STOCKS
(Continued)
Specialty
Chemicals
(Continued)
4,000
Valvoline
Inc.
...........................................
$
126,240
704,113
Telecommunications
—
3
.0
%
200
Cogeco
Communications
Inc.
...................
16,555
11,000
Deutsche
Telekom
AG
...............................
206,041
17,000
Deutsche
Telekom
AG
,
ADR
......................
316,540
75,000
Koninklijke
KPN
NV
..................................
260,771
1,600
Lumen
Technologies
Inc.
..........................
18,032
4,000
Orange
Belgium
SA
..................................
84,960
60,000
Pharol
SGPS
SA
†
.....................................
5,290
2,000
Prosus
NV
................................................
107,472
4,000
Proximus
SA
............................................
74,561
130,000
Sistema
PJSC
FC
,
GDR
(a)
.........................
65,000
110,000
Telefonica
Deutschland
Holding
AG
...........
300,447
5,000
Vantage
Towers
AG
..................................
177,498
120,000
VEON
Ltd.
,
ADR
†
.....................................
81,936
3,000
Verizon
Communications
Inc.
...................
152,820
1,867,923
Wireless
Telecommunications
—
3
.0
%
16,000
Millicom
International
Cellular
SA
,
SDR
†
...
406,705
7,500
T-Mobile
US
Inc.
†
.....................................
962,625
31,000
Vodafone
Group
plc
,
ADR
.........................
515,220
1,884,550
TOTAL
COMMON
STOCKS
........................
59,813,574
WARRANTS
—
0.0
%
Diversified
Industrial
—
0.0
%
8,000
Ampco-Pittsburgh
Corp.
,
expire
08/01/25
†
6,521
Principal
Amount
U.S.
GOVERNMENT
OBLIGATIONS
—
3
.5
%
$
2,175,000
U.S.
Treasury
Bills,
0.105
%
to
0.365
%
††
,
06/02/22
to
06/09/22
............................
2,173,732
TOTAL
INVESTMENTS
—
100.0%
(Cost
$
41,416,628
)
...............................
$
61,993,827
(a)
Security
is
valued
using
significant
unobservable
inputs
and
is
classified
as
Level
3
in
the
fair
value
hierarchy.
†
Non-income
producing
security.
††
Represents
annualized
yields
at
dates
of
purchase.
ADR
American
Depositary
Receipt
GDR
Global
Depositary
Receipt
SDR
Swedish
Depositary
Receipt
Geographic
Diversification
%
of
Market
Value
Market
Value
Europe
..............................
44
.7
%
$
27,725,850
United
States
........................
37
.8
23,458,188
Japan
...............................
10
.2
6,296,586
Canada
..............................
3
.7
2,295,417
Asia/Pacific
.........................
2
.2
1,376,961
Latin
America
.......................
1
.4
840,825
100.0%
$
61,993,827