1
The
Gabelli
International
Small
Cap
Fund
Schedule
of
Investments
—
March
31,
2024
(Unaudited)
Shares
Market
Value
COMMON
STOCKS
—
96.4%
MATERIALS
—
18.3%
13,850
Alamos
Gold
Inc.,
Cl. A
.............................
$
204,189
8,000
Eldorado
Gold
Corp.†
...............................
112,560
9,544
Endeavour
Mining
plc
...............................
193,903
5,000
Labrador
Iron
Ore
Royalty
Corp.
...............
106,604
4,000
MAG
Silver
Corp.†
....................................
42,198
9,000
Osisko
Gold
Royalties
Ltd.
........................
147,702
75,000
Perseus
Mining
Ltd.
.................................
105,079
15,000
Treatt
plc
..................................................
80,651
80,000
Westgold
Resources
Ltd.
..........................
136,586
1,129,472
CONSUMER
STAPLES
—
16.4%
15,000
Austevoll
Seafood
ASA
.............................
117,717
5,500
Fevertree
Drinks
plc
..................................
83,371
7,000
Glanbia
plc
...............................................
138,050
3,300
Interparfums
SA
.......................................
185,843
1,600
Laurent-Perrier
.........................................
208,002
2,500
Milbon
Co.
Ltd.
........................................
52,451
4,000
Sakata
Seed
Corp.
....................................
97,899
2,000
Viscofan
SA
.............................................
127,089
1,010,422
HEALTH
CARE
—
16.4%
6,212
AddLife
AB,
Cl. B
......................................
64,999
1,000
Bachem
Holding
AG
.................................
95,803
1,800
Gerresheimer
AG
......................................
202,737
7,000
Mani
Inc.
..................................................
91,234
230
Siegfried
Holding
AG
................................
234,884
230
Tecan
Group
AG
.......................................
95,331
15,000
Tristel
plc
.................................................
82,355
1,300
Vetoquinol
SA
..........................................
139,549
1,006,892
INDUSTRIALS
—
15.7%
15,000
Aida
Engineering
Ltd.
...............................
87,693
8,000
AZ-COM
MARUWA
Holdings
Inc.
..............
71,502
50,000
Chemring
Group
plc
.................................
229,080
2,000
Clarkson
plc
.............................................
101,225
6,000
Daiei
Kankyo
Co.
Ltd.
...............................
104,796
8,000
Iveco
Group
NV†
......................................
119,105
8,000
JGC
Holdings
Corp.
..................................
78,214
4,000
Loomis
AB
...............................................
111,659
20,000
QleanAir
AB†
............................................
62,687
965,961
INFORMATION
TECHNOLOGY
—
12.2%
4,000
A&D
HOLON
Holdings
Co.
Ltd.
.................
76,628
7,500
GMO
internet
group
Inc.
...........................
135,404
1,100
Macnica
Holdings
Inc.
..............................
53,598
20,000
NCC
Group
plc
.........................................
31,402
3,000
Nynomic
AG†
...........................................
98,067
6,000
Optex
Group
Co.
Ltd.
................................
77,963
Shares
Market
Value
100,000
Oxford
Metrics
plc
....................................
$
131,264
6,000
PSI
Software
SE
.......................................
148,881
753,207
CONSUMER
DISCRETIONARY
—
11.8%
10,000
Beneteau
SACA
........................................
147,587
9,820
Entain
plc
.................................................
98,832
24,000
Genius
Sports
Ltd.†
..................................
137,040
2,200
JINS
Holdings
Inc.
...................................
62,128
75,000
Mandarin
Oriental
International
Ltd.
..........
116,625
2,300
Tokyotokeiba
Co.
Ltd.
...............................
67,915
10,000
Zojirushi
Corp.
.........................................
94,795
724,922
FINANCIALS
—
4.7%
17,000
Polar
Capital
Holdings
plc
.........................
97,735
18,000
Tamburi
Investment
Partners
SpA
.............
193,222
290,957
COMMUNICATION
SERVICES
—
0.9%
4,059
Manchester
United
plc,
Cl. A†
...................
56,664
TOTAL
COMMON
STOCKS
..................
5,938,497
PREFERRED
STOCKS
—
1.6%
HEALTH
CARE
—
1.6%
1,800
Draegerwerk
AG
&
Co.
KGaA,
0.190%
.......
98,844
Principal
Amount
U.S.
GOVERNMENT
OBLIGATIONS
—
2.0%
$
125,000
U.S.
Treasury
Bill,
5.305%††,
05/23/24
.............................
124,055
TOTAL
INVESTMENTS
—
100.0%
(Cost
$5,880,168)
.................................
$
6,161,396
†
Non-income
producing
security.
††
Represents
annualized
yield
at
date
of
purchase.
Geographic
Diversification
%
of
Market
Value
Market
Value
Europe
..............................
63.5
%
$
3,913,578
Japan
...............................
18.7
1,152,220
Canada
..............................
10.0
613,254
Asia/Pacific
.........................
5.8
358,290
United
States
........................
2.0
124,054
100.0%
$
6,161,396