The Gabelli Global Small and Mid Cap Value Trust
Schedule of Investments — March 31, 2019 (Unaudited)
Shares |
Market Value |
|||||||
COMMON STOCKS — 89.0% | ||||||||
Aerospace — 1.9% | ||||||||
12,500 | Aerojet Rocketdyne Holdings Inc.† |
$ | 444,125 | |||||
1,500 | Avio SpA |
21,134 | ||||||
128,000 | BBA Aviation plc |
415,119 | ||||||
16,500 | Kaman Corp. |
964,260 | ||||||
100,000 | Rolls-Royce Holdings plc |
1,176,379 | ||||||
1,000 | United Technologies Corp. |
128,890 | ||||||
|
|
|||||||
3,149,907 | ||||||||
|
|
|||||||
Automotive — 1.9% | ||||||||
4,300 | Ferrari NV |
575,340 | ||||||
76,000 | Navistar International Corp.† |
2,454,800 | ||||||
|
|
|||||||
3,030,140 | ||||||||
|
|
|||||||
Automotive: Parts and Accessories — 2.0% |
| |||||||
49,000 | Brembo SpA |
555,706 | ||||||
90,400 | Dana Inc. |
1,603,696 | ||||||
5,000 | Linamar Corp. |
179,294 | ||||||
20,000 | Modine Manufacturing Co.† |
277,400 | ||||||
50,000 | Uni-Select Inc. |
518,577 | ||||||
2,500 | Visteon Corp.† |
168,375 | ||||||
|
|
|||||||
3,303,048 | ||||||||
|
|
|||||||
Aviation: Parts and Services — 0.5% |
| |||||||
10,000 | AAR Corp. |
325,100 | ||||||
6,000 | Arconic Inc. |
114,660 | ||||||
1,000 | Curtiss-Wright Corp. |
113,340 | ||||||
4,000 | Ducommun Inc.† |
174,080 | ||||||
|
|
|||||||
727,180 | ||||||||
|
|
|||||||
Broadcasting — 1.7% |
| |||||||
30,000 | Beasley Broadcast Group Inc., Cl. A |
119,400 | ||||||
93,000 | Corus Entertainment Inc., Cl. B |
411,988 | ||||||
9,000 | Discovery Inc., Cl. A† |
243,180 | ||||||
62,000 | Grupo Televisa SAB, ADR |
685,720 | ||||||
275,000 | ITV plc |
455,241 | ||||||
500 | Liberty Broadband Corp., Cl. A† |
45,820 | ||||||
1,603 | Liberty Broadband Corp., Cl. C† |
147,059 | ||||||
2,000 | Liberty Media Corp.-Liberty SiriusXM, Cl. A† |
76,360 | ||||||
10,000 | Sinclair Broadcast Group Inc., Cl. A |
384,800 | ||||||
25,000 | Sirius XM Holdings Inc. |
141,750 | ||||||
|
|
|||||||
2,711,318 | ||||||||
|
|
|||||||
Building and Construction — 4.4% |
| |||||||
10,000 | Arcosa Inc. |
305,500 | ||||||
15,500 | Armstrong Flooring Inc.† |
210,800 | ||||||
1,000 | Bouygues SA |
35,728 | ||||||
23,200 | GCP Applied Technologies Inc.† |
686,720 | ||||||
11,000 | IES Holdings Inc.† |
195,470 | ||||||
6,000 | Johnson Controls International plc |
221,640 | ||||||
125,000 | USG Corp. |
5,412,500 | ||||||
|
|
|||||||
7,068,358 | ||||||||
|
|
Shares |
Market Value |
|||||||
Business Services — 4.6% |
| |||||||
3,000 | Aramark |
$ | 88,650 | |||||
3,000 | Core-Mark Holding Co. Inc. |
111,390 | ||||||
100,000 | Diebold Nixdorf Inc.† |
1,107,000 | ||||||
7,000 | Donnelley Financial Solutions, Inc.† |
104,160 | ||||||
15,000 | Fly Leasing Ltd., ADR† |
207,600 | ||||||
53,500 | Herc Holdings Inc.† |
2,085,430 | ||||||
48,808 | JCDecaux SA |
1,484,837 | ||||||
13,000 | Loomis AB, Cl. B |
447,442 | ||||||
25,200 | Macquarie Infrastructure Corp. |
1,038,744 | ||||||
20,000 | Ocean Outdoor Ltd.† |
158,000 | ||||||
4,000 | Ströeer SE & Co. KGaA |
234,222 | ||||||
2,500 | The Brink’s Co. |
188,525 | ||||||
12,000 | The Interpublic Group of Companies Inc. |
252,120 | ||||||
|
|
|||||||
7,508,120 | ||||||||
|
|
|||||||
Cable and Satellite — 1.5% |
| |||||||
1,000 | AMC Networks Inc., Cl. A† |
56,760 | ||||||
150 | Cable One Inc. |
147,207 | ||||||
5,000 | Cogeco Communications Inc. |
319,303 | ||||||
80,733 | Dish TV India Ltd., GDR |
42,772 | ||||||
12,000 | Intelsat SA† |
187,920 | ||||||
15,834 | Liberty Global plc, Cl. A† |
394,583 | ||||||
51,712 | Liberty Global plc, Cl. C† |
1,251,948 | ||||||
2,126 | Liberty Latin America Ltd., Cl. A† |
41,117 | ||||||
1,000 | Rogers Communications Inc., Cl. B |
53,820 | ||||||
|
|
|||||||
2,495,430 | ||||||||
|
|
|||||||
Computer Software and Services — 1.1% |
| |||||||
5,000 | AVEVA Group plc |
210,086 | ||||||
8,000 | Blucora Inc.† |
267,040 | ||||||
14,000 | Carbonite Inc.† |
347,340 | ||||||
25,000 | Computer Task Group Inc.† |
107,500 | ||||||
21,000 | Internap Corp.† |
104,160 | ||||||
3,000 | InterXion Holding NV† |
200,190 | ||||||
1,000 | Perspecta Inc. |
20,220 | ||||||
4,000 | Rocket Internet SE† |
101,407 | ||||||
2,000 | Twitter Inc.† |
65,760 | ||||||
3,500 | zooplus AG† |
398,896 | ||||||
|
|
|||||||
1,822,599 | ||||||||
|
|
|||||||
Consumer Products — 4.7% |
| |||||||
2,400 | Church & Dwight Co. Inc. |
170,952 | ||||||
200 | dormakaba Holding AG |
143,209 | ||||||
1,500 | Edgewell Personal Care Co.† |
65,835 | ||||||
9,400 | Energizer Holdings Inc. |
422,342 | ||||||
21,300 | Hunter Douglas NV |
1,428,825 | ||||||
300 | L’Oreal SA |
80,699 | ||||||
13,000 | Marine Products Corp. |
175,110 | ||||||
9,000 | Mattel Inc.† |
117,000 | ||||||
12,500 | Nilfisk Holding A/S† |
493,960 | ||||||
600 | Nintendo Co. Ltd., ADR |
21,522 | ||||||
1,500 | Salvatore Ferragamo SpA |
32,172 |
1
The Gabelli Global Small and Mid Cap Value Trust
Schedule of Investments (Continued) — March 31, 2019 (Unaudited)
Shares |
Market Value |
|||||||
COMMON STOCKS (Continued) | ||||||||
Consumer Products (Continued) | ||||||||
45,000 | Scandinavian Tobacco Group A/S |
$ | 561,198 | |||||
6,000 | Shiseido Co. Ltd. |
432,392 | ||||||
3,500 | Spectrum Brands Holdings Inc. |
191,730 | ||||||
2,000 | Spin Master Corp., Sub Voting† |
55,973 | ||||||
63,000 | Swedish Match AB |
3,211,223 | ||||||
|
|
|||||||
7,604,142 | ||||||||
|
|
|||||||
Consumer Services — 0.6% | ||||||||
120,000 | AA plc |
142,228 | ||||||
3,000 | Allegion plc |
272,130 | ||||||
17,500 | Ashtead Group plc |
422,240 | ||||||
30,000 | MoneyGram International Inc.† |
61,200 | ||||||
|
|
|||||||
897,798 | ||||||||
|
|
|||||||
Diversified Industrial — 4.2% | ||||||||
31,000 | Ampco-Pittsburgh Corp.† |
102,300 | ||||||
3,000 | Colfax Corp.† |
89,040 | ||||||
3,000 | Crane Co. |
253,860 | ||||||
25,362 | EnPro Industries Inc. |
1,634,581 | ||||||
38,000 | Greif Inc., Cl. A |
1,567,500 | ||||||
25,000 | Griffon Corp. |
462,000 | ||||||
3,000 | Haynes International Inc. |
98,490 | ||||||
1,500 | Jardine Matheson Holdings Ltd. |
93,540 | ||||||
2,000 | Jardine Strategic Holdings Ltd. |
74,860 | ||||||
1,000 | Moog Inc., Cl. A |
86,950 | ||||||
24,200 | Myers Industries Inc. |
414,062 | ||||||
5,000 | Raven Industries Inc. |
191,850 | ||||||
5,000 | Smiths Group plc |
93,451 | ||||||
5,000 | Sulzer AG |
487,572 | ||||||
36,000 | Toray Industries Inc. |
229,616 | ||||||
13,000 | Tredegar Corp. |
209,820 | ||||||
7,000 | Trinity Industries Inc. |
152,110 | ||||||
16,000 | Ultra Electronics Holdings plc |
332,595 | ||||||
14,500 | Wartsila OYJ Abp |
233,978 | ||||||
|
|
|||||||
6,808,175 | ||||||||
|
|
|||||||
Educational Services — 0.0% | ||||||||
10,000 | Universal Technical Institute Inc.† |
34,100 | ||||||
|
|
|||||||
Electronics — 1.3% | ||||||||
7,000 | Datalogic SpA |
163,328 | ||||||
44,000 | Sony Corp., ADR |
1,858,560 | ||||||
|
|
|||||||
2,021,888 | ||||||||
|
|
|||||||
Energy and Utilities: Electric — 0.6% | ||||||||
31,200 | Algonquin Power & Utilities Corp. |
350,908 | ||||||
5,500 | El Paso Electric Co. |
323,510 | ||||||
7,500 | Fortis Inc. |
277,192 | ||||||
|
|
|||||||
951,610 | ||||||||
|
|
|||||||
Energy and Utilities: Integrated — 0.9% |
| |||||||
12,000 | Avista Corp. |
487,440 | ||||||
15,000 | Hawaiian Electric Industries Inc. |
611,550 |
Shares |
Market Value |
|||||||
100,000 | Hera SpA |
$ | 361,654 | |||||
|
|
|||||||
1,460,644 | ||||||||
|
|
|||||||
Energy and Utilities: Natural Gas — 1.2% | ||||||||
26,000 | National Fuel Gas Co. |
1,584,960 | ||||||
1,200 | Southwest Gas Holdings Inc. |
98,712 | ||||||
9,000 | Whiting Petroleum Corp.† |
235,260 | ||||||
|
|
|||||||
1,918,932 | ||||||||
|
|
|||||||
Energy and Utilities: Services — 0.6% | ||||||||
15,000 | Dril-Quip Inc.† |
687,750 | ||||||
10,830 | KLX Energy Services Holdings Inc.† |
272,266 | ||||||
110,000 | SD Standard Drilling plc† |
15,636 | ||||||
30,000 | Weatherford International plc† |
20,940 | ||||||
|
|
|||||||
996,592 | ||||||||
|
|
|||||||
Energy and Utilities: Water — 1.1% | ||||||||
60,600 | Beijing Enterprises Water Group Ltd. |
37,441 | ||||||
1,400 | Consolidated Water Co. Ltd. |
18,018 | ||||||
17,000 | Mueller Water Products Inc., Cl. A |
170,680 | ||||||
62,500 | Severn Trent plc |
1,608,534 | ||||||
|
|
|||||||
1,834,673 | ||||||||
|
|
|||||||
Entertainment — 2.6% | ||||||||
36,000 | Borussia Dortmund GmbH & Co. KGaA |
330,738 | ||||||
95,000 | Entertainment One Ltd. |
552,841 | ||||||
10,500 | Golden Entertainment Inc.† |
148,680 | ||||||
14,075 | Liberty Media Corp.-Liberty Braves, Cl. A† |
393,255 | ||||||
21,011 | Liberty Media Corp.-Liberty Braves, Cl. C† |
583,475 | ||||||
6,000 | Manchester United plc, Cl. A |
115,320 | ||||||
476 | Modern Times Group MTG AB, Cl. B |
6,098 | ||||||
7,500 | National CineMedia Inc. |
52,875 | ||||||
476 | Nordic Entertainment Group AB, Cl. B† |
11,161 | ||||||
5,000 | Reading International Inc., Cl. A† |
79,800 | ||||||
1,900 | The Madison Square Garden Co., Cl. A† |
556,947 | ||||||
16,000 | Viacom Inc., Cl. A |
519,200 | ||||||
11,000 | Viacom Inc., Cl. B |
308,770 | ||||||
13,000 | Vivendi SA |
376,674 | ||||||
115,970 | Wow Unlimited Media Inc.† |
91,120 | ||||||
66,666 | Wow Unlimited Media Inc.†(a) |
52,381 | ||||||
|
|
|||||||
4,179,335 | ||||||||
|
|
|||||||
Environmental Services — 1.3% | ||||||||
40,000 | Evoqua Water Technologies Corp.† |
503,200 | ||||||
2,000 | Stericycle Inc.† |
108,840 | ||||||
10,000 | Tomra Systems ASA |
297,973 | ||||||
13,972 | Waste Connections Inc. |
1,237,779 | ||||||
|
|
|||||||
2,147,792 | ||||||||
|
|
|||||||
Equipment and Supplies — 2.7% | ||||||||
2,400 | A.O. Smith Corp. |
127,968 | ||||||
25,000 | Flowserve Corp. |
1,128,500 | ||||||
13,500 | Graco Inc. |
668,520 | ||||||
19,000 | Interpump Group SpA |
619,792 |
2
The Gabelli Global Small and Mid Cap Value Trust
Schedule of Investments (Continued) — March 31, 2019 (Unaudited)
Shares |
Market Value |
|||||||
COMMON STOCKS (Continued) |
| |||||||
Equipment and Supplies (Continued) | ||||||||
36,000 | Mueller Industries Inc. |
$ | 1,128,240 | |||||
8,000 | Watts Water Technologies Inc., Cl. A |
646,560 | ||||||
|
|
|||||||
4,319,580 | ||||||||
|
|
|||||||
Financial Services — 4.7% |
| |||||||
600 | Alleghany Corp.† |
367,440 | ||||||
7,000 | Churchill Capital Corp., Cl. A† |
94,080 | ||||||
110,000 | Earthport plc† |
52,294 | ||||||
14,000 | Ellie Mae Inc.† |
1,381,660 | ||||||
53,000 | FinecoBank Banca Fineco SpA |
697,087 | ||||||
35,000 | Flushing Financial Corp. |
767,550 | ||||||
100,000 | GAM Holding AG |
312,327 | ||||||
1,000 | Groupe Bruxelles Lambert SA |
97,166 | ||||||
24,000 | H&R Block Inc. |
574,560 | ||||||
6,000 | I3 Verticals Inc., Cl. A† |
144,120 | ||||||
30,000 | Kinnevik AB, Cl. A |
792,165 | ||||||
52,000 | Kinnevik AB, Cl. B |
1,346,800 | ||||||
35,020 | Oaktree Specialty Lending Corp. |
181,404 | ||||||
64,000 | Resona Holdings Inc. |
277,008 | ||||||
16,880 | Synovus Financial Corp. |
579,997 | ||||||
|
|
|||||||
7,665,658 | ||||||||
|
|
|||||||
Food and Beverage — 16.6% |
| |||||||
7,000 | Britvic plc |
86,841 | ||||||
3,000 | Campbell Soup Co. |
114,390 | ||||||
280 | Chocoladefabriken Lindt & Spruengli AG |
1,903,691 | ||||||
44,500 | Chr. Hansen Holding A/S |
4,510,578 | ||||||
6,000 | Coca-Cola Amatil Ltd. |
36,852 | ||||||
3,000 | Coca-Cola HBC AG |
102,178 | ||||||
110,000 | Cott Corp. |
1,607,100 | ||||||
336,000 | Davide Campari-Milano SpA |
3,297,961 | ||||||
6,000 | Dean Foods Co. |
18,180 | ||||||
1,400 | Diageo plc, ADR |
229,054 | ||||||
2,000 | Fevertree Drinks plc |
78,642 | ||||||
1,800 | Fomento Economico Mexicano SAB de CV, ADR |
166,104 | ||||||
1,000 | Heineken Holding NV |
100,173 | ||||||
3,500 | International Flavors & Fragrances Inc. |
450,765 | ||||||
39,000 | ITO EN Ltd. |
2,023,369 | ||||||
600 | J & J Snack Foods Corp. |
95,304 | ||||||
12,000 | Kameda Seika Co. Ltd. |
574,935 | ||||||
10,000 | Kerry Group plc, Cl. A |
1,110,538 | ||||||
43,200 | Kikkoman Corp. |
2,116,539 | ||||||
101,000 | Maple Leaf Foods Inc. |
2,336,147 | ||||||
17,500 | Massimo Zanetti Beverage Group SpA |
117,392 | ||||||
29,000 | Nomad Foods Ltd.† |
593,050 | ||||||
11,000 | Post Holdings Inc.† |
1,203,400 | ||||||
820,198 | Premier Foods plc† |
388,851 | ||||||
7,500 | Remy Cointreau SA |
1,000,325 | ||||||
1,800 | Symrise AG |
162,179 | ||||||
400 | The J.M. Smucker Co. |
46,600 | ||||||
9,000 | Treasury Wine Estates Ltd. |
95,410 |
Shares |
Market |
|||||||
1,000 | TreeHouse Foods Inc.† |
$ | 64,550 | |||||
40,000 | Tsingtao Brewery Co. Ltd., Cl. H |
188,536 | ||||||
215,000 | Vitasoy International Holdings Ltd. |
1,040,771 | ||||||
16,000 | Yakult Honsha Co. Ltd. |
1,117,387 | ||||||
|
|
|||||||
26,977,792 | ||||||||
|
|
|||||||
Health Care — 6.0% |
| |||||||
17,500 | Bausch Health Cos. Inc.† |
432,250 | ||||||
1,000 | Bio-Rad Laboratories Inc., Cl. A† |
305,680 | ||||||
150 | Bio-Rad Laboratories Inc., Cl. B† |
42,538 | ||||||
85,000 | BioScrip Inc.† |
170,000 | ||||||
2,000 | BioTelemetry Inc.† |
125,240 | ||||||
75,000 | BTG plc† |
815,175 | ||||||
3,000 | Cantel Medical Corp. |
200,670 | ||||||
8,700 | Cardiovascular Systems Inc.† |
336,342 | ||||||
1,500 | Charles River Laboratories International Inc.† |
217,875 | ||||||
6,000 | Clovis Oncology Inc.† |
148,920 | ||||||
7,504 | Cutera Inc.† |
132,521 | ||||||
3,500 | DaVita Inc.† |
190,015 | ||||||
4,000 | DENTSPLY SIRONA Inc. |
198,360 | ||||||
2,000 | Draegerwerk AG & Co. KGaA |
85,702 | ||||||
30,000 | Electromed Inc.† |
154,500 | ||||||
47,000 | Endo International plc† |
377,410 | ||||||
25,000 | Evolent Health Inc., Cl. A† |
314,500 | ||||||
3,000 | Gerresheimer AG |
225,473 | ||||||
1,250 | ICU Medical Inc.† |
299,163 | ||||||
4,000 | Idorsia Ltd.† |
70,379 | ||||||
80,000 | InfuSystems Holdings Inc.† |
400,800 | ||||||
2,000 | Integer Holdings Corp.† |
150,840 | ||||||
5,000 | Lantheus Holdings Inc.† |
122,400 | ||||||
2,000 | Ligand Pharmaceuticals Inc.† |
251,420 | ||||||
3,206 | Medivir AB, Cl. B† |
5,379 | ||||||
5,000 | NeoGenomics Inc.† |
102,300 | ||||||
4,000 | Nevro Corp.† |
250,040 | ||||||
15,000 | Nuvectra Corp.† |
165,150 | ||||||
4,500 | Orthofix Medical Inc.† |
253,845 | ||||||
15,000 | Osiris Therapeutics Inc.† |
285,000 | ||||||
46,000 | Patterson Cos. Inc. |
1,005,100 | ||||||
7,000 | Perrigo Co. plc |
337,120 | ||||||
6,000 | Semler Scientific Inc.† |
256,620 | ||||||
3,000 | Spark Therapeutics Inc.† |
341,640 | ||||||
6,000 | SurModics Inc.† |
260,880 | ||||||
7,000 | Teladoc Health Inc.† |
389,200 | ||||||
500 | The Cooper Companies Inc. |
148,085 | ||||||
1,000 | Zoetis Inc. |
100,670 | ||||||
|
|
|||||||
9,669,202 | ||||||||
|
|
|||||||
Hotels and Gaming — 3.1% |
| |||||||
3,000 | Eldorado Resorts Inc.† |
140,070 | ||||||
24,000 | Full House Resorts Inc.† |
48,480 | ||||||
56,000 | International Game Technology plc |
727,440 | ||||||
866,250 | Mandarin Oriental International Ltd. |
1,689,187 | ||||||
24,000 | MGM Resorts International |
615,840 |
3
The Gabelli Global Small and Mid Cap Value Trust
Schedule of Investments (Continued) — March 31, 2019 (Unaudited)
Shares |
Market Value |
|||||||
COMMON STOCKS (Continued) |
| |||||||
Hotels and Gaming (Continued) | ||||||||
8,000 | Ryman Hospitality Properties Inc., REIT |
$ | 657,920 | |||||
260,000 | The Hongkong & Shanghai Hotels Ltd. |
374,270 | ||||||
7,000 | Wynn Resorts Ltd. |
835,240 | ||||||
|
|
|||||||
5,088,447 | ||||||||
|
|
|||||||
Machinery — 3.8% |
| |||||||
17,002 | Astec Industries Inc. |
641,995 | ||||||
300 | Bucher Industries AG |
100,326 | ||||||
170,031 | CNH Industrial NV, Borsa Italiana |
1,728,806 | ||||||
245,000 | CNH Industrial NV, New York |
2,499,000 | ||||||
5,000 | Twin Disc Inc.† |
83,250 | ||||||
13,000 | Xylem Inc. |
1,027,520 | ||||||
|
|
|||||||
6,080,897 | ||||||||
|
|
|||||||
Manufactured Housing and Recreational Vehicles — 0.1% |
| |||||||
2,000 | Cavco Industries Inc.† |
235,060 | ||||||
|
|
|||||||
Media — 1.8% |
| |||||||
63,000 | Tribune Media Co., Cl. A |
2,906,820 | ||||||
|
|
|||||||
Metals and Mining — 0.4% |
| |||||||
3,000 | Allegheny Technologies Inc.† |
76,710 | ||||||
26,000 | Cameco Corp. |
306,540 | ||||||
12,000 | TimkenSteel Corp.† |
130,320 | ||||||
5,000 | Wheaton Precious Metals Corp. |
119,100 | ||||||
|
|
|||||||
632,670 | ||||||||
|
|
|||||||
Publishing — 0.8% |
| |||||||
1,250 | Graham Holdings Co., Cl. B |
853,975 | ||||||
2,000 | Meredith Corp. |
110,520 | ||||||
19,000 | The E.W. Scripps Co., Cl. A |
399,000 | ||||||
|
|
|||||||
1,363,495 | ||||||||
|
|
|||||||
Real Estate — 0.2% |
| |||||||
11,001 | Griffin Industrial Realty Inc. |
383,385 | ||||||
|
|
|||||||
Retail — 2.8% |
| |||||||
1,000 | Aaron’s Inc. |
52,600 | ||||||
9,000 | AutoNation Inc.† |
321,480 | ||||||
9,500 | Avis Budget Group Inc.† |
331,170 | ||||||
600 | Biglari Holdings Inc., Cl. A† |
441,258 | ||||||
2,000 | Carvana Co.† |
116,120 | ||||||
800 | Casey’s General Stores Inc. |
103,016 | ||||||
2,900 | Fnac Darty† |
216,493 | ||||||
75,900 | Hertz Global Holdings Inc.† |
1,318,383 | ||||||
5,000 | Macy’s Inc. |
120,150 | ||||||
13,000 | MarineMax Inc.† |
249,080 | ||||||
3,000 | Movado Group Inc. |
109,140 | ||||||
1,200 | Murphy USA Inc.† |
102,744 | ||||||
4,000 | Penske Automotive Group Inc. |
178,600 | ||||||
5,000 | PetIQ Inc.† |
157,050 | ||||||
6,000 | Rush Enterprises Inc., Cl. B |
249,180 | ||||||
2,000 | Sally Beauty Holdings Inc.† |
36,820 |
Shares |
Market Value |
|||||||
400,000 | Sun Art Retail Group Ltd. |
$ | 389,811 | |||||
|
|
|||||||
4,493,095 | ||||||||
|
|
|||||||
Specialty Chemicals — 2.2% |
| |||||||
8,500 | Ashland Global Holdings Inc. |
664,105 | ||||||
80,000 | Element Solutions Inc.† |
808,000 | ||||||
8,000 | H.B. Fuller Co. |
389,120 | ||||||
18,000 | Huntsman Corp. |
404,820 | ||||||
5,000 | Sensient Technologies Corp. |
338,950 | ||||||
18,000 | SGL Carbon SE† |
159,009 | ||||||
6,000 | T Hasegawa Co. Ltd. |
96,634 | ||||||
2,000 | Takasago International Corp. |
60,363 | ||||||
700 | Treatt plc |
3,683 | ||||||
34,021 | Valvoline Inc. |
631,430 | ||||||
|
|
|||||||
3,556,114 | ||||||||
|
|
|||||||
Telecommunications — 1.5% |
| |||||||
1,200 | BCE Inc. |
53,268 | ||||||
45,000 | Communications Systems Inc. |
119,250 | ||||||
15,000 | Gogo Inc.† |
67,350 | ||||||
6,000 | Harris Corp. |
958,260 | ||||||
6,000 | Hellenic Telecommunications Organization SA, ADR |
39,960 | ||||||
10,000 | Inmarsat plc |
72,286 | ||||||
8,500 | Loral Space & Communications Inc.† |
306,425 | ||||||
100,000 | Pharol SGPS SA† |
21,650 | ||||||
33,000 | Telekom Austria AG |
239,876 | ||||||
33,000 | Vodafone Group plc, ADR |
599,940 | ||||||
|
|
|||||||
2,478,265 | ||||||||
|
|
|||||||
Transportation — 0.8% |
| |||||||
17,500 | Fortress Transportation & Infrastructure Investors LLC |
299,425 | ||||||
12,500 | GATX Corp. |
954,625 | ||||||
|
|
|||||||
1,254,050 | ||||||||
|
|
|||||||
Wireless Communications — 2.8% |
| |||||||
65,500 | Millicom International Cellular SA, SDR |
3,976,934 | ||||||
13,000 | United States Cellular Corp.† |
596,830 | ||||||
|
|
|||||||
4,573,764 | ||||||||
|
|
|||||||
TOTAL COMMON STOCKS |
144,350,075 | |||||||
|
|
|||||||
CLOSED-END FUNDS — 0.1% |
| |||||||
25,000 | MVC Capital Inc. |
226,750 | ||||||
|
|
|||||||
PREFERRED STOCKS — 0.2% |
| |||||||
Financial Services — 0.2% | ||||||||
18,200 | The Phoenix Companies Inc., 7.450%, 01/15/32 |
299,809 | ||||||
|
|
|||||||
RIGHTS — 0.0% |
| |||||||
Health Care — 0.0% | ||||||||
1,500 | Tobira Therapeutics Inc.†(b) |
90 | ||||||
|
|
4
The Gabelli Global Small and Mid Cap Value Trust
Schedule of Investments (Continued) — March 31, 2019 (Unaudited)
Principal Amount |
Market Value |
|||||||
U.S. GOVERNMENT OBLIGATIONS — 10.7% |
| |||||||
$17,474,000 | U.S. Treasury Bills, |
$ | 17,363,872 | |||||
|
|
|||||||
TOTAL INVESTMENTS — 100.0% |
$ | 162,240,596 | ||||||
|
|
(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. At March 31, 2019, the market value of the Rule 144A security amounted to $52,381 or 0.03% of total investments. |
(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 yields at dates of purchase. |
ADR | American Depositary Receipt |
GDR | Global Depositary Receipt |
REIT | Real Estate Investment Trust |
SDR | Swedish Depositary Receipt |
Geographic Diversification |
% of Total Investments |
Market Value | ||||||||
United States |
57.9 | % | $ | 93,891,528 | ||||||
Europe |
30.2 | 48,913,364 | ||||||||
Japan |
5.4 | 8,808,325 | ||||||||
Canada |
3.5 | 5,678,451 | ||||||||
Asia/Pacific |
2.5 | 4,063,450 | ||||||||
Latin America |
0.5 | 869,842 | ||||||||
Africa/Middle East |
0.0 | * | 15,636 | |||||||
|
|
|
|
|||||||
Total Investments |
100.0 | % | $ | 162,240,596 | ||||||
|
|
|
|
* | Amount represents less than 0.05%. |
5