1

Gabelli

ESG

Fund,

Inc.

Schedule

of

Investments

—

June

30,

2022

(Unaudited)

Shares

Market

Value

COMMON

STOCKS

—

96

.0

%

Airlines

—

0

.1

%

750‌

Delta

Air

Lines

Inc.

†

.................................

$

21,727‌

Automotive

—

3

.0

%

9,775‌

Daimler

Truck

Holding

AG

†

.......................

255,171‌

2,000‌

General

Motors

Co.

†

................................

63,520‌

3,950‌

Mercedes-Benz

Group

AG

.........................

228,578‌

2,290‌

Toyota

Motor

Corp.

,

ADR

..........................

353,049‌

900,318‌

Automotive:

Parts

and

Accessories

—

0

.8

%

1,060‌

Aptiv

plc

†

.................................................

94,414‌

1,000‌

Genuine

Parts

Co.

.....................................

133,000‌

227,414‌

Beverage

—

1

.4

%

5,200‌

Danone

SA

...............................................

290,232‌

2,275‌

The

Coca-Cola

Co.

....................................

143,120‌

433,352‌

Broadcasting

—

0

.4

%

3,500‌

Liberty

Media

Corp.-

Liberty

SiriusXM

,

Cl. C

†

........................

126,175‌

Building

and

Construction

—

2

.8

%

17,200‌

Canfor

Corp.

†

...........................................

299,984‌

1,650‌

Cavco

Industries

Inc.

†

..............................

323,384‌

1,040‌

Jacobs

Engineering

Group

Inc.

.................

132,215‌

2,000‌

Johnson

Controls

International

plc

............

95,760‌

851,343‌

Business

Services

—

0

.3

%

250‌

Mastercard

Inc.

,

Cl. A

...............................

78,870‌

Cable

and

Satellite

—

1

.4

%

9,141‌

Comcast

Corp.

,

Cl. A

................................

358,693‌

3,850‌

EchoStar

Corp.

,

Cl. A

†

..............................

74,305‌

432,998‌

Computer

Hardware

—

1

.2

%

2,475‌

International

Business

Machines

Corp.

......

349,445‌

Computer

Software

and

Services

—

7

.1

%

476‌

Alphabet

Inc.

,

Cl. A

†

.................................

1,037,328‌

3,425‌

Cisco

Systems

Inc.

...................................

146,042‌

1,875‌

Dell

Technologies

Inc.

,

Cl. C

......................

86,644‌

10,000‌

Hewlett

Packard

Enterprise

Co.

.................

132,600‌

1,040‌

Microsoft

Corp.

........................................

267,103‌

4,750‌

NortonLifeLock

Inc.

..................................

104,310‌

600‌

Rockwell

Automation

Inc.

.........................

119,586‌

695‌

Salesforce

Inc.

†

.......................................

114,703‌

900‌

SAP

SE

,

ADR

............................................

81,648‌

500‌

VMware

Inc.

,

Cl. A

....................................

56,990‌

2,146,954‌

Consumer

Products

—

4

.3

%

4,000‌

Church

&

Dwight

Co.

Inc.

.........................

370,640‌

Shares

Market

Value

1,000‌

Johnson

Outdoors

Inc.

,

Cl. A

....................

$

61,160‌

10,625‌

Sony

Group

Corp.

,

ADR

............................

868,806‌

1,300,606‌

Consumer

Services

—

2

.4

%

8,500‌

Resideo

Technologies

Inc.

†

......................

165,070‌

13,000‌

Terminix

Global

Holdings

Inc.

†

.................

528,450‌

1,550‌

Uber

Technologies

Inc.

†

...........................

31,713‌

725,233‌

Diversified

Industrial

—

2

.7

%

11,650‌

ABB

Ltd.

,

ADR

..........................................

311,405‌

700‌

Agilent

Technologies

Inc.

..........................

83,139‌

16,000‌

Bollore

SE

................................................

74,111‌

2,000‌

Carrier

Global

Corp.

..................................

71,320‌

14,000‌

Flex

Ltd.

†

.................................................

202,580‌

1,600‌

Siemens

AG

,

ADR

.....................................

81,728‌

824,283‌

Energy

and

Utilities

—

4

.8

%

1,500‌

Enviva

Inc.

...............................................

85,830‌

17,400‌

NextEra

Energy

Inc.

..................................

1,347,804‌

1,433,634‌

Entertainment

—

2

.7

%

1,000‌

Madison

Square

Garden

Sports

Corp.

†

.....

151,000‌

1,500‌

The

Walt

Disney

Co.

†

...............................

141,600‌

10,000‌

Universal

Music

Group

NV

........................

200,515‌

30,000‌

Vivendi

SE

................................................

304,827‌

797,942‌

Environmental

Services

—

5

.3

%

3,100‌

Ecolab

Inc.

...............................................

476,656‌

16,199‌

Evoqua

Water

Technologies

Corp.

†

...........

526,629‌

3,000‌

Waste

Connections

Inc.

............................

371,880‌

1,500‌

Waste

Management

Inc.

...........................

229,470‌

1,604,635‌

Equipment

and

Supplies

—

2

.1

%

800‌

3M

Co.

.....................................................

103,528‌

45,000‌

Ardagh

Metal

Packaging

SA

......................

274,500‌

10,000‌

Mueller

Water

Products

Inc.

,

Cl. A

.............

117,300‌

545‌

Parker-Hannifin

Corp.

...............................

134,097‌

629,425‌

Financial

Services

—

17

.4

%

49,730‌

Aegon

NV

.................................................

215,129‌

8,550‌

Ally

Financial

Inc.

.....................................

286,511‌

5,000‌

American

Express

Co.

...............................

693,100‌

32,200‌

Banco

Bilbao

Vizcaya

Argentaria

SA

..........

146,128‌

85,000‌

Barclays

plc

..............................................

158,434‌

2,220‌

Citigroup

Inc.

...........................................

102,098‌

27,000‌

Commerzbank

AG

†

...................................

189,178‌

14,096‌

Credit

Agricole

SA

....................................

128,973‌

62,300‌

Daiwa

Securities

Group

Inc.

......................

278,256‌

649‌

Diamond

Hill

Investment

Group

Inc.

..........

112,692‌

2

Gabelli

ESG

Fund,

Inc.

Schedule

of

Investments

(Continued)

—

June

30,

2022

(Unaudited)

Shares

Market

Value

COMMON

STOCKS

(Continued)

Financial

Services

(Continued)

1,500‌

Franklin

Resources

Inc.

............................

$

34,965‌

18,100‌

ING

Groep

NV

..........................................

178,886‌

1,450‌

Intercontinental

Exchange

Inc.

..................

136,358‌

15,500‌

Kinnevik

AB

,

Cl. B

†

...................................

249,703‌

111,893‌

NatWest

Group

plc

...................................

297,341‌

6,676‌

NN

Group

NV

...........................................

303,212‌

1,350‌

PayPal

Holdings

Inc.

†

...............................

94,284‌

2,125‌

S&P

Global

Inc.

........................................

716,253‌

1,750‌

Shinhan

Financial

Group

Co.

Ltd.

,

ADR

.....

49,980‌

1,644‌

Societe

Generale

SA

.................................

35,990‌

18,300‌

Standard

Chartered

plc

.............................

137,803‌

3,850‌

State

Street

Corp.

.....................................

237,352‌

7,800‌

The

Bank

of

New

York

Mellon

Corp.

..........

325,338‌

2,550‌

Webster

Financial

Corp.

............................

107,483‌

5,215,447‌

Food

—

8

.4

%

10,000‌

Mondelēz

International

Inc.

,

Cl. A

..............

620,900‌

9,600‌

Nestlé

SA

.................................................

1,120,646‌

4,700‌

The

Hain

Celestial

Group

Inc.

†

..................

111,578‌

14,675‌

Unilever

plc

,

ADR

.....................................

672,555‌

2,525,679‌

Health

Care

—

11

.8

%

3,100‌

Baxter

International

Inc.

............................

199,113‌

600‌

Becton,

Dickinson

and

Co.

........................

147,918‌

11,310‌

Bristol-Myers

Squibb

Co.

..........................

870,870‌

335‌

Cigna

Corp.

..............................................

88,279‌

2,300‌

Gilead

Sciences

Inc.

.................................

142,163‌

1,000‌

GSK

plc

,

ADR

...........................................

43,530‌

950‌

HCA

Healthcare

Inc.

..................................

159,657‌

5,000‌

Henry

Schein

Inc.

†

...................................

383,700‌

470‌

Illumina

Inc.

†

...........................................

86,649‌

640‌

Laboratory

Corp.

of

America

Holdings

.......

149,991‌

3,700‌

Medtronic

plc

...........................................

332,075‌

850‌

Merck

&

Co.

Inc.

......................................

77,495‌

1,280‌

Vertex

Pharmaceuticals

Inc.

†

....................

360,691‌

2,835‌

Zoetis

Inc.

................................................

487,308‌

3,529,439‌

Machinery

—

7

.6

%

515‌

Caterpillar

Inc.

..........................................

92,061‌

104,900‌

CNH

Industrial

NV

....................................

1,215,791‌

12,500‌

Xylem

Inc.

................................................

977,250‌

2,285,102‌

Retail

—

2

.0

%

2,100‌

Lowe's

Companies

Inc.

.............................

366,807‌

1,175‌

NIKE

Inc.

,

Cl. B

.........................................

120,085‌

875‌

Target

Corp.

.............................................

123,576‌

610,468‌

Shares

Market

Value

Semiconductors

—

1

.8

%

880‌

Applied

Materials

Inc.

...............................

$

80,063‌

6,700‌

Intel

Corp.

................................................

250,647‌

390‌

NVIDIA

Corp.

...........................................

59,120‌

1,080‌

QUALCOMM

Inc.

......................................

137,959‌

527,789‌

Specialty

Chemicals

—

3

.0

%

1,250‌

Air

Products

and

Chemicals

Inc.

...............

300,600‌

4,825‌

International

Flavors

&

Fragrances

Inc.

.....

574,754‌

2,500‌

Momentive

Global

Inc.

†

............................

22,000‌

897,354‌

Telecommunications

—

1

.0

%

535‌

American

Tower

Corp.

,

REIT

.....................

136,741‌

10,900‌

Vodafone

Group

plc

,

ADR

.........................

169,822‌

306,563‌

Transportation

—

0

.2

%

900‌

Canadian

Pacific

Railway

Ltd.

...................

62,856‌

TOTAL

COMMON

STOCKS

........................

28,845,051‌

Principal

Amount

U.S.

GOVERNMENT

OBLIGATIONS

—

4

.0

%

$

1,210,000‌

U.S.

Treasury

Bills,

0.731

%

to

1.683

%

††

,

07/14/22

to

09/29/22

............................

1,207,134‌

TOTAL

INVESTMENTS

—

100.0%

(Cost

$

25,553,665

)

...............................

$

30,052,185‌

†

Non-income

producing

security.

††

Represents

annualized

yields

at

dates

of

purchase.

ADR

American

Depositary

Receipt

REIT

Real

Estate

Investment

Trust