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Mario J. Gabelli, CFA | Kevin V. Dreyer | Christopher J. Marangi |
Since | ||||||||||||||||||||||||||||
Inception | ||||||||||||||||||||||||||||
Quarter | 1 Year | 5 Year | 10 Year | 20 Year | 25 Year | (3/3/86) | ||||||||||||||||||||||
Gabelli Asset Fund
Class AAA |
6.81 | % | 22.86 | % | 6.48 | % | 7.47 | % | 11.27 | % | 12.40 | % | 12.55 | % | ||||||||||||||
S&P 500 Index |
5.92 | 15.65 | 2.62 | 3.29 | 8.72 | 9.61 | 9.82 | (e) | ||||||||||||||||||||
Dow Jones Industrial
Average |
7.07 | 16.49 | 4.85 | 4.74 | 10.05 | 10.84 | 11.09 | (e) | ||||||||||||||||||||
Nasdaq Composite
Index |
5.05 | 17.19 | 4.44 | 4.96 | 9.15 | 8.34 | 8.49 | (e) | ||||||||||||||||||||
Class A |
6.82 | 22.87 | 6.47 | 7.47 | 11.27 | 12.40 | 12.55 | |||||||||||||||||||||
With sales charge (b) |
0.68 | 15.81 | 5.22 | 6.84 | 11.27 | 12.40 | 12.27 | |||||||||||||||||||||
Class B |
6.58 | 21.91 | 5.63 | 6.88 | 10.96 | 12.15 | 12.30 | |||||||||||||||||||||
With contingent deferred
sales charge (c) |
1.58 | 16.91 | 5.31 | 6.88 | 10.96 | 12.15 | 12.30 | |||||||||||||||||||||
Class C |
6.61 | 21.94 | 5.69 | 6.89 | 10.97 | 12.15 | 12.31 | |||||||||||||||||||||
With contingent deferred
sales charge (d) |
5.61 | 20.94 | 5.69 | 6.89 | 10.97 | 12.15 | 12.31 | |||||||||||||||||||||
Class I |
6.87 | 23.15 | 6.65 | 7.56 | 11.32 | 12.43 | 12.59 |
(a) | Returns represent past performance and do not guarantee future results. Total returns and average annual returns reflect changes in share price, reinvestment of distributions, and are net of expenses. Investment returns and the principal value of an investment will fluctuate. When shares are redeemed, they may be worth more or less than their original cost. Current performance may be lower or higher than the performance data presented. Performance returns for periods of less than one year are not annualized. Visit www.gabelli.com for performance information as of the most recent month end. Investors should carefully consider the investment objectives, risks, charges, and expenses of the Fund before investing. The prospectus contains information about these and other matters and should be read carefully before investing. The S&P 500 Index, Dow Jones Industrial Average and the Nasdaq Composite Index are unmanaged indicators of stock market performance. Dividends are considered reinvested. You cannot invest directly in an index. The Class AAA Shares net asset value per share are used to calculate performance for the periods prior to the issuance of Class A Shares, Class B Shares, and Class C Shares on December 31, 2003 and Class I Shares on January 11, 2008. The actual performance of the Class B Shares and Class C Shares would have been lower due to the additional expenses associated with these classes of shares. The actual performance of the Class I Shares would have been higher due to lower expenses related to this class of shares. | |
(b) | Performance results include the effect of the maximum 5.75% sales charge at the beginning of the period. | |
(c) | Assuming payment of the maximum contingent deferred sales charge (CDSC). The maximum CDSC for Class B Shares is 5% and is reduced to 0% after six years. | |
(d) | Assuming payment of the 1% maximum CDSC imposed on redemptions made within one year of purchase. | |
(e) | S&P 500 Index, Dow Jones Industrial Average and Nasdaq Composite Index since inception performance are as of February 28, 1986. |
2
Market | ||||||||
Shares | Value | |||||||
COMMON STOCKS — 98.0% |
||||||||
Aerospace — 1.1% |
||||||||
5,000 | Lockheed Martin Corp. |
$ | 402,000 | |||||
12,000 | Northrop Grumman Corp. |
752,520 | ||||||
2,100,000 | Rolls-Royce Group plc† |
20,853,113 | ||||||
131,000 | The Boeing Co. |
9,684,830 | ||||||
31,692,463 | ||||||||
Agriculture — 0.9% |
||||||||
490,000 | Archer-Daniels-Midland Co. |
17,644,900 | ||||||
92,058 | Monsanto Co. |
6,652,111 | ||||||
9,000 | Potash Corp of Saskatchewan Inc. |
530,370 | ||||||
29,000 | The Mosaic Co. |
2,283,750 | ||||||
27,111,131 | ||||||||
Automotive — 1.3% |
||||||||
288,000 | Ford Motor Co.† |
4,294,080 | ||||||
409,000 | Navistar International Corp.† |
28,355,970 | ||||||
101,250 | PACCAR Inc. |
5,300,438 | ||||||
3,400 | Volkswagen AG |
521,839 | ||||||
38,472,327 | ||||||||
Automotive: Parts and Accessories — 3.5% |
||||||||
191,000 | BorgWarner Inc.† |
15,220,790 | ||||||
230,000 | CLARCOR Inc. |
10,333,900 | ||||||
340,000 | Dana Holding Corp.† |
5,912,600 | ||||||
40,000 | Federal-Mogul Corp.† |
996,000 | ||||||
512,000 | Genuine Parts Co. |
27,463,680 | ||||||
394,000 | Johnson Controls Inc. |
16,378,580 | ||||||
174,000 | Midas Inc.† |
1,334,580 | ||||||
200,000 | Modine Manufacturing Co.† |
3,228,000 | ||||||
190,000 | O’Reilly Automotive Inc.† |
10,917,400 | ||||||
260,000 | Standard Motor Products Inc. |
3,595,800 | ||||||
143,000 | Superior Industries International Inc. |
3,666,520 | ||||||
50,000 | Tenneco Inc.† |
2,122,500 | ||||||
101,170,350 | ||||||||
Aviation: Parts and Services — 2.3% |
||||||||
1,114,775 | BBA Aviation plc |
3,633,891 | ||||||
480,000 | Curtiss-Wright Corp. |
16,867,200 | ||||||
600,000 | GenCorp Inc.† |
3,588,000 | ||||||
110,000 | Kaman Corp. |
3,872,000 | ||||||
275,000 | Precision Castparts Corp. |
40,474,500 | ||||||
68,435,591 | ||||||||
Broadcasting — 1.4% |
||||||||
324,500 | CBS Corp., Cl. A, Voting |
8,151,440 | ||||||
20,000 | Cogeco Inc. |
855,905 | ||||||
26,666 | Corus Entertainment Inc., Cl. B, OTC |
571,452 | ||||||
13,334 | Corus Entertainment Inc., Cl. B,
Toronto |
284,147 | ||||||
106,000 | Fisher Communications Inc.† |
3,294,480 | ||||||
843 | Granite Broadcasting Corp.† (a) |
0 | ||||||
224,000 | Liberty Media Corp. — Capital, Cl. A† |
16,502,080 | ||||||
61,000 | Liberty Media Corp. — Starz, Cl. A† |
4,733,600 | ||||||
210,000 | LIN TV Corp., Cl. A† |
1,245,300 | ||||||
12,000 | Naspers Ltd., Cl. N |
645,676 | ||||||
400,000 | Television Broadcasts Ltd. |
2,350,052 | ||||||
160,000 | Tokyo Broadcasting System Holdings
Inc. |
1,881,221 | ||||||
40,515,353 | ||||||||
Business Services — 1.6% |
||||||||
28,000 | ACCO Brands Corp.† |
267,120 | ||||||
37,450 | Ascent Media Corp., Cl. A† |
1,829,432 | ||||||
171,000 | Clear Channel Outdoor Holdings Inc.,
Cl. A† |
2,488,050 | ||||||
190,000 | Ecolab Inc. |
9,693,800 | ||||||
15,000 | Edenred† |
452,687 | ||||||
20,000 | Equinix Inc.† |
1,822,000 | ||||||
61,000 | Landauer Inc. |
3,752,720 | ||||||
300,487 | Live Nation Entertainment Inc.† |
3,004,870 | ||||||
12,000 | Macquarie Infrastructure Co. LLC† |
286,320 | ||||||
27,000 | MasterCard Inc., Cl. A |
6,796,440 | ||||||
93,000 | Monster Worldwide Inc.† |
1,478,700 | ||||||
82,000 | The Brink’s Co. |
2,715,020 | ||||||
765,000 | The Interpublic Group of Companies
Inc. |
9,616,050 | ||||||
18,000 | Visa Inc., Cl. A |
1,325,160 | ||||||
45,528,369 | ||||||||
Cable and Satellite — 7.4% |
||||||||
1,880,000 | Cablevision Systems Corp., Cl. A |
65,066,800 | ||||||
188,000 | Comcast Corp., Cl. A |
4,647,360 | ||||||
182,000 | Comcast Corp., Cl. A, Special |
4,226,040 | ||||||
1,035,002 | DIRECTV, Cl. A† |
48,438,094 | ||||||
370,000 | DISH Network Corp., Cl. A† |
9,013,200 | ||||||
51,000 | EchoStar Corp., Cl. A† |
1,930,350 | ||||||
1,000 | Jupiter Telecommunications Co. Ltd. |
982,207 | ||||||
227,000 | Liberty Global Inc., Cl. A† |
9,400,070 | ||||||
225,000 | Liberty Global Inc., Cl. C† |
8,997,750 | ||||||
1,077,000 | Rogers Communications Inc., Cl. B,
New York |
39,202,800 | ||||||
50,000 | Rogers Communications Inc., Cl. B,
Toronto |
1,817,432 | ||||||
220,000 | Scripps Networks Interactive Inc., Cl. A |
11,019,800 | ||||||
150,000 | Shaw Communications Inc., Cl. B,
New York |
3,160,500 | ||||||
120,000 | Shaw Communications Inc., Cl. B,
Non-Voting, Toronto |
2,529,964 | ||||||
58,000 | Time Warner Cable Inc. |
4,137,720 | ||||||
214,570,087 | ||||||||
3
Market | ||||||||
Shares | Value | |||||||
COMMON STOCKS (Continued) |
||||||||
Closed-End Funds — 0.0% |
||||||||
79,920 | Royce Value Trust Inc. |
$ | 1,229,969 | |||||
Communications Equipment — 1.2% |
||||||||
520,000 | Corning Inc. |
10,727,600 | ||||||
413,000 | Thomas & Betts Corp.† |
24,561,110 | ||||||
35,288,710 | ||||||||
Computer Hardware — 0.0% |
||||||||
3,000 | International Business Machines Corp. |
489,210 | ||||||
5,000 | Wincor Nixdorf AG |
404,821 | ||||||
894,031 | ||||||||
Computer Software and Services — 1.1% |
||||||||
100,001 | AOL Inc.† |
1,953,020 | ||||||
220,000 | Diebold Inc. |
7,801,200 | ||||||
44,000 | eBay Inc.† |
1,365,760 | ||||||
98,250 | Fidelity National Information Services
Inc. |
3,211,793 | ||||||
25,000 | Internap Network Services Corp.† |
164,250 | ||||||
3,000 | NaviSite Inc.† |
16,470 | ||||||
80,000 | NCR Corp.† |
1,507,200 | ||||||
112,000 | Rockwell Automation Inc. |
10,600,800 | ||||||
350,000 | Yahoo! Inc.† |
5,827,500 | ||||||
32,447,993 | ||||||||
Consumer Products — 4.9% |
||||||||
49,000 | Alberto-Culver Co. |
1,826,230 | ||||||
35,000 | Altria Group Inc. |
911,050 | ||||||
82,000 | Avon Products Inc. |
2,217,280 | ||||||
11,000 | Christian Dior SA |
1,548,468 | ||||||
220,000 | Church & Dwight Co. Inc. |
17,454,800 | ||||||
25,000 | Clorox Co. |
1,751,750 | ||||||
350,000 | Eastman Kodak Co.† |
1,130,500 | ||||||
322,500 | Energizer Holdings Inc.† |
22,949,100 | ||||||
171,000 | Fortune Brands Inc. |
10,583,190 | ||||||
3,400 | Givaudan SA† |
3,418,508 | ||||||
35,000 | Harley-Davidson Inc. |
1,487,150 | ||||||
73,000 | Kimberly-Clark Corp. |
4,764,710 | ||||||
20,000 | Mattel Inc. |
498,600 | ||||||
21,500 | National Presto Industries Inc. |
2,422,620 | ||||||
25,000 | Philip Morris International Inc. |
1,640,750 | ||||||
50,000 | Reckitt Benckiser Group plc |
2,568,339 | ||||||
125,000 | Sally Beauty Holdings Inc.† |
1,751,250 | ||||||
50,000 | Svenska Cellulosa AB, Cl. B |
804,829 | ||||||
1,080,000 | Swedish Match AB |
35,915,018 | ||||||
10,000 | Syratech Corp.† |
254 | ||||||
1,500 | The Estee Lauder Companies Inc.,
Cl. A |
144,540 | ||||||
435,000 | The Procter & Gamble Co. |
26,796,000 | ||||||
35,000 | Wolverine World Wide Inc. |
1,304,800 | ||||||
143,889,736 | ||||||||
Consumer Services — 1.1% |
||||||||
170,000 | IAC/InterActiveCorp.† |
5,251,300 | ||||||
430,000 | Liberty Media Corp. — Interactive,
Cl. A† |
6,897,200 | ||||||
962,000 | Rollins Inc. |
19,528,600 | ||||||
11,000 | TiVo Inc.† |
96,360 | ||||||
31,773,460 | ||||||||
Diversified Industrial — 6.0% |
||||||||
13,000 | Acuity Brands Inc. |
760,370 | ||||||
5,000 | Anixter International Inc. |
349,450 | ||||||
75,403 | Contax Participacoes SA, ADR |
212,636 | ||||||
400,000 | Cooper Industries plc |
25,960,000 | ||||||
428,100 | Crane Co. |
20,732,883 | ||||||
99,000 | Gardner Denver Inc. |
7,724,970 | ||||||
120,000 | Greif Inc., Cl. A |
7,849,200 | ||||||
265,043 | Greif Inc., Cl. B |
16,326,649 | ||||||
435,000 | Honeywell International Inc. |
25,973,850 | ||||||
25,000 | Ingersoll-Rand plc |
1,207,750 | ||||||
604,000 | ITT Corp. |
36,270,200 | ||||||
95,000 | Jardine Strategic Holdings Ltd. |
2,536,500 | ||||||
239,000 | Katy Industries Inc.† |
136,230 | ||||||
310,000 | Magnetek Inc.† |
682,000 | ||||||
240,000 | Myers Industries Inc. |
2,383,200 | ||||||
52,000 | Pentair Inc. |
1,965,080 | ||||||
110,033 | Smiths Group plc |
2,289,412 | ||||||
30,000 | Sulzer AG |
4,520,414 | ||||||
160,000 | Textron Inc. |
4,382,400 | ||||||
110,000 | Trinity Industries Inc. |
4,033,700 | ||||||
179,000 | Tyco International Ltd. |
8,013,830 | ||||||
4,000 | Waters Corp.† |
347,600 | ||||||
174,658,324 | ||||||||
Electronics — 1.2% |
||||||||
45,000 | Chemring Group plc |
499,190 | ||||||
98,000 | Intel Corp. |
1,976,660 | ||||||
8,500 | Kyocera Corp., ADR |
857,225 | ||||||
375,000 | LSI Corp.† |
2,550,000 | ||||||
1,500 | Mettler-Toledo International Inc.† |
258,000 | ||||||
24,000 | Molex Inc., Cl. A |
496,560 | ||||||
32,000 | Samsung Electronics Co. Ltd., GDR
(b)(c) |
13,635,200 | ||||||
50,000 | Sony Corp., ADR |
1,591,500 | ||||||
77,000 | TE Connectivity Ltd. |
2,681,140 | ||||||
303,000 | Texas Instruments Inc. |
10,471,680 | ||||||
35,017,155 | ||||||||
Energy and Utilities — 8.5% |
||||||||
11,000 | Anadarko Petroleum Corp. |
901,120 | ||||||
208,000 | BP plc, ADR |
9,181,120 | ||||||
29,000 | CH Energy Group Inc. |
1,465,660 | ||||||
324,000 | Chevron Corp. |
34,807,320 | ||||||
340,000 | ConocoPhillips |
27,152,400 |
4
Market | ||||||||
Shares | Value | |||||||
COMMON STOCKS (Continued) |
||||||||
Energy and Utilities (Continued) |
||||||||
232,000 | CONSOL Energy Inc. |
$ | 12,442,160 | |||||
25,000 | Constellation Energy Group Inc. |
778,250 | ||||||
122,000 | Devon Energy Corp. |
11,195,940 | ||||||
9,000 | Diamond Offshore Drilling Inc. |
699,300 | ||||||
25,000 | DPL Inc. |
685,250 | ||||||
90,000 | Duke Energy Corp. |
1,633,500 | ||||||
20,000 | Edison International |
731,800 | ||||||
480,000 | El Paso Corp. |
8,640,000 | ||||||
240,000 | El Paso Electric Co.† |
7,296,000 | ||||||
95,000 | EOG Resources Inc. |
11,258,450 | ||||||
319,000 | Exxon Mobil Corp. |
26,837,470 | ||||||
70,000 | FirstEnergy Corp. |
2,596,300 | ||||||
130,000 | GenOn Energy Inc., Escrow† (a) |
0 | ||||||
90,000 | Great Plains Energy Inc. |
1,801,800 | ||||||
205,000 | Halliburton Co. |
10,217,200 | ||||||
232,000 | National Fuel Gas Co. |
17,168,000 | ||||||
29,000 | NextEra Energy Inc. |
1,598,480 | ||||||
160,000 | Northeast Utilities |
5,536,000 | ||||||
25,000 | NSTAR |
1,156,750 | ||||||
12,000 | Occidental Petroleum Corp. |
1,253,880 | ||||||
45,000 | Oceaneering International Inc.† |
4,025,250 | ||||||
47,000 | Petroleo Brasileiro SA, ADR |
1,900,210 | ||||||
100,000 | Progress Energy Inc., CVO† |
14,500 | ||||||
235,000 | Rowan Companies Inc.† |
10,382,300 | ||||||
48,000 | Royal Dutch Shell plc, Cl. A, ADR |
3,497,280 | ||||||
129,100 | SJW Corp. |
2,988,665 | ||||||
255,000 | Southwest Gas Corp. |
9,937,350 | ||||||
245,000 | Spectra Energy Corp. |
6,659,100 | ||||||
50,000 | Talisman Energy Inc. |
1,235,000 | ||||||
100,000 | The AES Corp.† |
1,300,000 | ||||||
53,000 | Transocean Ltd.† |
4,131,350 | ||||||
200,000 | Weatherford International Ltd.† |
4,520,000 | ||||||
247,625,155 | ||||||||
Entertainment — 4.1% |
||||||||
8,010 | Chestnut Hill Ventures† (a) |
364,856 | ||||||
270,000 | Discovery Communications Inc., Cl. A† |
10,773,000 | ||||||
265,000 | Discovery Communications Inc., Cl. C† |
9,330,650 | ||||||
39,000 | DreamWorks Animation SKG Inc., Cl. A† |
1,089,270 | ||||||
752,000 | Grupo Televisa SA, ADR† |
18,446,560 | ||||||
512,500 | Madison Square Garden Inc., Cl. A† |
13,832,375 | ||||||
1,600 | Nintendo Co. Ltd. |
432,219 | ||||||
80,000 | Rank Group plc |
191,735 | ||||||
20,000 | Regal Entertainment Group, Cl. A |
270,000 | ||||||
560,001 | Time Warner Inc. |
19,992,036 | ||||||
515,000 | Viacom Inc., Cl. A |
27,444,350 | ||||||
15,000 | Viacom Inc., Cl. B |
697,800 | ||||||
560,000 | Vivendi |
15,991,610 | ||||||
38,000 | World Wrestling Entertainment Inc., Cl. A |
477,660 | ||||||
119,334,121 | ||||||||
Environmental Services — 1.2% |
||||||||
557,000 | Republic Services Inc. |
16,732,280 | ||||||
500,000 | Waste Management Inc. |
18,670,000 | ||||||
35,402,280 | ||||||||
Equipment and Supplies — 7.3% |
||||||||
963,500 | AMETEK Inc. |
42,268,745 | ||||||
6,000 | Amphenol Corp., Cl. A |
326,340 | ||||||
100,000 | CIRCOR International Inc. |
4,702,000 | ||||||
144,000 | Crown Holdings Inc.† |
5,555,520 | ||||||
175,000 | CTS Corp. |
1,890,000 | ||||||
8,000 | Danaher Corp. |
415,200 | ||||||
390,000 | Donaldson Co. Inc. |
23,903,100 | ||||||
239,000 | Flowserve Corp. |
30,783,200 | ||||||
190,000 | Gerber Scientific Inc.† |
1,778,400 | ||||||
235,000 | GrafTech International Ltd.† |
4,848,050 | ||||||
762,000 | IDEX Corp. |
33,261,300 | ||||||
151,000 | Interpump Group SpA† |
1,280,767 | ||||||
389,000 | Lufkin Industries Inc. |
36,359,830 | ||||||
70,000 | Met-Pro Corp. |
833,000 | ||||||
20,000 | Sealed Air Corp. |
533,200 | ||||||
2,000 | SL Industries Inc.† |
36,620 | ||||||
100,000 | Tenaris SA, ADR |
4,946,000 | ||||||
100,000 | The Manitowoc Co. Inc. |
2,188,000 | ||||||
100,000 | The Weir Group plc |
2,776,886 | ||||||
29,000 | Valmont Industries Inc. |
3,026,730 | ||||||
320,000 | Watts Water Technologies Inc., Cl. A |
12,220,800 | ||||||
213,933,688 | ||||||||
Financial Services — 7.2% |
||||||||
16,014 | Alleghany Corp.† |
5,300,314 | ||||||
75,000 | AllianceBernstein Holding LP |
1,635,000 | ||||||
683,000 | American Express Co. |
30,871,600 | ||||||
7,000 | Ameriprise Financial Inc. |
427,560 | ||||||
32,000 | Argo Group International Holdings Ltd. |
1,057,280 | ||||||
118,000 | Artio Global Investors Inc. |
1,906,880 | ||||||
115,000 | Bank of America Corp. |
1,532,950 | ||||||
211 | Berkshire Hathaway Inc., Cl. A† |
26,438,300 | ||||||
71,000 | BKF Capital Group Inc.† |
76,680 | ||||||
20,000 | Calamos Asset Management Inc., Cl. A |
331,800 | ||||||
400,000 | Citigroup Inc.† |
1,768,000 | ||||||
76,000 | Commerzbank AG, ADR† |
594,320 | ||||||
204,500 | Deutsche Bank AG |
12,079,815 | ||||||
27,000 | Fortress Investment Group LLC, Cl. A† |
153,360 | ||||||
30,000 | GAM Holding AG† |
569,951 | ||||||
125,000 | H&R Block Inc. |
2,092,500 | ||||||
24,000 | HSBC Holdings plc, ADR |
1,243,200 | ||||||
50,000 | Interactive Brokers Group Inc., Cl. A |
794,500 | ||||||
450,000 | Janus Capital Group Inc. |
5,611,500 | ||||||
262,000 | JPMorgan Chase & Co. |
12,078,200 | ||||||
56,000 | Kinnevik Investment AB, Cl. A |
1,304,203 | ||||||
65,000 | Kinnevik Investment AB, Cl. B |
1,514,837 |
5
Market | ||||||||
Shares | Value | |||||||
COMMON STOCKS (Continued) |
||||||||
Financial Services (Continued) |
||||||||
75,000 | KKR & Co. LP |
$ | 1,230,750 | |||||
330,000 | Legg Mason Inc. |
11,909,700 | ||||||
75,000 | Leucadia National Corp. |
2,815,500 | ||||||
62,000 | Loews Corp. |
2,671,580 | ||||||
48,800 | M&T Bank Corp. |
4,317,336 | ||||||
150,000 | Marsh & McLennan Companies Inc. |
4,471,500 | ||||||
150,000 | NewAlliance Bancshares Inc. |
2,226,000 | ||||||
70,000 | Northern Trust Corp. |
3,552,500 | ||||||
113,000 | PNC Financial Services Group Inc. |
7,117,870 | ||||||
500,000 | Popular Inc.† |
1,455,000 | ||||||
44,000 | Royal Bank of Canada |
2,726,680 | ||||||
139,200 | State Street Corp. |
6,255,648 | ||||||
20,000 | SunTrust Banks Inc. |
576,800 | ||||||
50,000 | T. Rowe Price Group Inc. |
3,321,000 | ||||||
526,000 | The Bank of New York Mellon Corp. |
15,711,620 | ||||||
49,000 | The Blackstone Group LP |
876,120 | ||||||
11,000 | The Goldman Sachs Group Inc. |
1,743,170 | ||||||
5,000 | The Travelers Companies Inc. |
297,400 | ||||||
70,866 | Tree.com Inc.† |
418,109 | ||||||
19,000 | Unitrin Inc. |
586,720 | ||||||
8,500 | Value Line Inc. |
125,800 | ||||||
180,000 | Waddell & Reed Financial Inc., Cl. A |
7,309,800 | ||||||
646,000 | Wells Fargo & Co. |
20,478,200 | ||||||
211,577,553 | ||||||||
Food and Beverage — 10.6% |
||||||||
345,000 | Brown-Forman Corp., Cl. A |
23,411,700 | ||||||
85,000 | Brown-Forman Corp., Cl. B |
5,805,500 | ||||||
80,000 | Campbell Soup Co. |
2,648,800 | ||||||
400,000 | China Mengniu Dairy Co. Ltd. |
1,059,323 | ||||||
80,000 | Coca-Cola Enterprises Inc. |
2,184,000 | ||||||
16,500 | Coca-Cola Hellenic Bottling Co. SA,
ADR |
447,645 | ||||||
210,000 | Constellation Brands Inc., Cl. A† |
4,258,800 | ||||||
225,000 | Corn Products International Inc. |
11,659,500 | ||||||
323,000 | Danone |
21,100,146 | ||||||
585,000 | Davide Campari — Milano SpA |
3,957,924 | ||||||
130,000 | Dean Foods Co.† |
1,300,000 | ||||||
331,000 | Diageo plc, ADR |
25,228,820 | ||||||
2,000 | Diamond Foods Inc. |
111,600 | ||||||
190,000 | Dr Pepper Snapple Group Inc. |
7,060,400 | ||||||
70,000 | Farmer Brothers Co. |
848,400 | ||||||
275,000 | Flowers Foods Inc. |
7,488,250 | ||||||
70,000 | Fomento Economico Mexicano SAB de
CV, ADR |
4,109,000 | ||||||
589,000 | General Mills Inc. |
21,527,950 | ||||||
52,000 | Green Mountain Coffee Roasters Inc.† |
3,359,720 | ||||||
800,000 | Grupo Bimbo SAB de CV, Cl. A |
6,782,995 | ||||||
72,000 | H.J. Heinz Co. |
3,515,040 | ||||||
95,000 | Heineken NV |
5,190,790 | ||||||
200,000 | ITO EN Ltd. |
3,484,011 | ||||||
50,000 | Kellogg Co. |
2,699,000 | ||||||
82,000 | Kerry Group plc, Cl. A |
3,056,319 | ||||||
450,000 | Kikkoman Corp. |
4,241,404 | ||||||
285,229 | Kraft Foods Inc., Cl. A |
8,944,781 | ||||||
32,000 | LVMH Moet Hennessy Louis Vuitton
SA |
5,065,616 | ||||||
15,000 | MEIJI Holdings Co. Ltd. |
603,210 | ||||||
245,000 | Morinaga Milk Industry Co. Ltd. |
874,790 | ||||||
93,000 | Nestlé SA |
5,330,920 | ||||||
200,000 | NISSIN FOODS HOLDINGS CO. LTD. |
7,049,772 | ||||||
200,000 | Parmalat SpA |
670,049 | ||||||
24,000 | Peet’s Coffee & Tea Inc.† |
1,154,160 | ||||||
239,274 | PepsiCo Inc. |
15,411,639 | ||||||
94,000 | Pernod-Ricard SA |
8,778,946 | ||||||
146,000 | Ralcorp Holdings Inc.† |
9,990,780 | ||||||
86,430 | Remy Cointreau SA |
6,509,014 | ||||||
978,016 | Sara Lee Corp. |
17,281,543 | ||||||
326,000 | The Coca-Cola Co. |
21,630,100 | ||||||
32,000 | The Hain Celestial Group Inc.† |
1,032,960 | ||||||
42,000 | The Hershey Co. |
2,282,700 | ||||||
20,000 | The J.M. Smucker Co. |
1,427,800 | ||||||
400,000 | Tingyi (Cayman Islands) Holding Corp. |
978,074 | ||||||
164,800 | Tootsie Roll Industries Inc. |
4,673,728 | ||||||
165,000 | Tyson Foods Inc., Cl. A |
3,166,350 | ||||||
440,000 | YAKULT HONSHA Co. Ltd. |
11,245,973 | ||||||
310,639,942 | ||||||||
Health Care — 3.8% |
||||||||
40,000 | Abbott Laboratories |
1,962,000 | ||||||
15,000 | Alere Inc.† |
587,100 | ||||||
50,000 | Allergan Inc. |
3,551,000 | ||||||
44,000 | Amgen Inc.† |
2,351,800 | ||||||
70,000 | AngioDynamics Inc.† |
1,058,400 | ||||||
10,000 | ArthroCare Corp.† |
333,400 | ||||||
75,000 | Baxter International Inc. |
4,032,750 | ||||||
151,000 | Beckman Coulter Inc. |
12,543,570 | ||||||
41,000 | Becton, Dickinson and Co. |
3,264,420 | ||||||
200 | Bio-Rad Laboratories Inc., Cl. A† |
24,028 | ||||||
51,000 | Biogen Idec Inc.† |
3,742,890 | ||||||
220,000 | Boston Scientific Corp.† |
1,581,800 | ||||||
212,000 | Bristol-Myers Squibb Co. |
5,603,160 | ||||||
10,000 | Cephalon Inc.† |
757,800 | ||||||
18,000 | Cepheid Inc.† |
504,360 | ||||||
67,000 | Chemed Corp. |
4,462,870 | ||||||
32,000 | CONMED Corp.† |
840,960 | ||||||
50,000 | Covidien plc |
2,597,000 | ||||||
10,000 | DENTSPLY International Inc. |
369,900 | ||||||
55,000 | Eli Lilly & Co. |
1,934,350 | ||||||
44,000 | Exactech Inc.† |
772,200 | ||||||
80,000 | Genzyme Corp.† |
6,092,000 | ||||||
38,000 | Henry Schein Inc.† |
2,666,460 |
6
Market | ||||||||
Shares | Value | |||||||
COMMON STOCKS (Continued) |
||||||||
Health Care (Continued) |
||||||||
147,000 | Johnson & Johnson |
$ | 8,709,750 | |||||
16,000 | Laboratory Corp. of America
Holdings† |
1,474,080 | ||||||
80,000 | Life Technologies Corp.† |
4,193,600 | ||||||
98,000 | Mead Johnson Nutrition Co. |
5,677,140 | ||||||
65,000 | Medco Health Solutions Inc.† |
3,650,400 | ||||||
100,000 | Merck & Co. Inc. |
3,301,000 | ||||||
11,000 | Nobel Biocare Holding AG† |
228,024 | ||||||
125,000 | Pain Therapeutics Inc.† |
1,195,000 | ||||||
70,000 | Patterson Companies Inc. |
2,253,300 | ||||||
175,000 | Pfizer Inc. |
3,554,250 | ||||||
25,000 | Quidel Corp.† |
299,000 | ||||||
15,000 | Roche Holding AG, ADR |
539,250 | ||||||
2,000 | Stryker Corp. |
121,600 | ||||||
2,000 | Techne Corp. |
143,200 | ||||||
430,000 | Tenet Healthcare Corp.† |
3,203,500 | ||||||
50,000 | UnitedHealth Group Inc. |
2,260,000 | ||||||
88,000 | Watson Pharmaceuticals Inc.† |
4,928,880 | ||||||
34,000 | William Demant Holding A/S† |
2,944,271 | ||||||
30,000 | Wright Medical Group Inc.† |
510,300 | ||||||
3,000 | Young Innovations Inc. |
94,200 | ||||||
13,000 | Zimmer Holdings Inc.† |
786,890 | ||||||
111,701,853 | ||||||||
Hotels and Gaming — 2.0% |
||||||||
15,000 | Accor SA |
673,982 | ||||||
24,000 | Churchill Downs Inc. |
996,000 | ||||||
350,000 | Gaylord Entertainment Co.† |
12,138,000 | ||||||
450,000 | Genting Singapore plc† |
731,852 | ||||||
10,000 | Home Inns & Hotels Management Inc.,
ADR† |
395,700 | ||||||
14,422 | Host Hotels & Resorts Inc. |
253,971 | ||||||
20,000 | Hyatt Hotels
Corp., Cl. A† |
860,800 | ||||||
147,000 | International Game Technology |
2,385,810 | ||||||
60,000 | Interval Leisure Group Inc.† |
981,000 | ||||||
2,600,000 | Ladbrokes plc |
5,526,500 | ||||||
124,000 | Las Vegas Sands Corp.† |
5,235,280 | ||||||
4,200,000 | Mandarin Oriental International Ltd. |
8,778,000 | ||||||
135,000 | MGM Resorts International† |
1,775,250 | ||||||
55,000 | Orient-Express Hotels Ltd., Cl. A† |
680,350 | ||||||
110,000 | Pinnacle Entertainment Inc.† |
1,498,200 | ||||||
98,000 | Starwood Hotels & Resorts Worldwide
Inc. |
5,695,760 | ||||||
1,800,000 | The Hongkong & Shanghai Hotels Ltd. |
3,299,844 | ||||||
187,000 | Universal Entertainment Corp.† |
5,487,701 | ||||||
18,000 | Wyndham Worldwide Corp. |
572,580 | ||||||
15,000 | Wynn Resorts Ltd. |
1,908,750 | ||||||
59,875,330 | ||||||||
Machinery — 4.2% |
||||||||
160,000 | Bucyrus International Inc. |
14,632,000 | ||||||
135,000 | Caterpillar Inc. |
15,032,250 | ||||||
400,000 | CNH Global NV† |
19,420,000 | ||||||
745,500 | Deere & Co. |
72,231,495 | ||||||
22,000 | Mueller Water Products Inc., Cl. A |
98,560 | ||||||
22,000 | Zebra Technologies Corp., Cl. A† |
863,280 | ||||||
122,277,585 | ||||||||
Manufactured Housing and
Recreational Vehicles — 0.1% |
||||||||
185,000 | All American Group Inc.† |
42,180 | ||||||
32,000 | Cavco Industries Inc.† |
1,445,120 | ||||||
32,000 | Nobility Homes Inc.† |
294,400 | ||||||
77,500 | Skyline Corp. |
1,553,875 | ||||||
3,335,575 | ||||||||
Metals and Mining — 2.4% |
||||||||
5,000 | Agnico-Eagle Mines Ltd. |
331,750 | ||||||
220,000 | Alcoa Inc. |
3,883,000 | ||||||
365,000 | Barrick Gold Corp. |
18,947,150 | ||||||
178,000 | Freeport-McMoRan Copper & Gold
Inc. |
9,887,900 | ||||||
105,000 | Ivanhoe Mines Ltd.† |
2,883,300 | ||||||
8,000 | James River Coal Co.† |
193,360 | ||||||
50,000 | Kinross Gold Corp. |
787,500 | ||||||
52,000 | New Hope Corp. Ltd. |
267,856 | ||||||
550,000 | Newmont Mining Corp. |
30,019,000 | ||||||
25,000 | Peabody Energy Corp. |
1,799,000 | ||||||
68,999,816 | ||||||||
Publishing — 2.4% |
||||||||
37,000 | Belo Corp., Cl. A† |
325,970 | ||||||
550,000 | Il Sole 24 Ore SpA† |
1,028,882 | ||||||
433,000 | Media General Inc., Cl. A† |
2,979,040 | ||||||
70,000 | Meredith Corp. |
2,374,400 | ||||||
3,160,000 | News Corp., Cl. A |
55,489,600 | ||||||
22,000 | News Corp., Cl. B |
409,640 | ||||||
155,000 | The E.W. Scripps Co., Cl. A† |
1,534,500 | ||||||
170,000 | The McGraw-Hill Companies Inc. |
6,698,000 | ||||||
27,000 | The New York Times Co., Cl. A† |
255,690 | ||||||
71,095,722 | ||||||||
Real Estate — 0.4% |
||||||||
11,000 | Brookfield Asset Management Inc.,
Cl. A |
357,060 | ||||||
103,000 | Griffin Land & Nurseries Inc. |
3,314,540 | ||||||
36,000 | ProLogis |
575,280 | ||||||
250,000 | The St. Joe Co.† |
6,267,500 | ||||||
10,514,380 | ||||||||
7
Market | ||||||||
Shares | Value | |||||||
COMMON STOCKS (Continued) |
||||||||
Retail — 2.3% |
||||||||
110,000 | Aaron’s
Inc.† |
$ | 2,789,600 | |||||
250,000 | AutoNation
Inc.† |
8,842,500 | ||||||
13,000 | AutoZone Inc.† |
3,556,280 | ||||||
260,000 | Coldwater
Creek Inc.† |
686,400 | ||||||
125,000 | Costco
Wholesale Corp. |
9,165,000 | ||||||
377,000 | CVS Caremark
Corp. |
12,938,640 | ||||||
102,000 | HSN Inc.† |
3,267,060 | ||||||
900,000 | Lianhua
Supermarket Holdings Ltd., Cl. H |
3,575,216 | ||||||
200,000 | Macy’s
Inc. |
4,852,000 | ||||||
90,000 | Safeway Inc. |
2,118,600 | ||||||
20,000 | The
Cheesecake Factory Inc.† |
601,800 | ||||||
51,000 | The Home
Depot Inc. |
1,890,060 | ||||||
74,000 | The Kroger
Co. |
1,773,780 | ||||||
50,000 | Wal-Mart
Stores Inc. |
2,602,500 | ||||||
70,000 | Walgreen Co. |
2,809,800 | ||||||
60,000 | Whole Foods
Market Inc. |
3,954,000 | ||||||
136,000 | Winn-Dixie
Stores Inc.† |
971,040 | ||||||
66,394,276 | ||||||||
Specialty
Chemicals — 1.7% |
||||||||
22,500 | Airgas Inc. |
1,494,450 | ||||||
17,000 | Ashland Inc. |
981,920 | ||||||
10,172 | Chemtura
Corp.† |
174,958 | ||||||
510,000 | Ferro Corp.† |
8,460,900 | ||||||
110,000 | General
Chemical Group Inc.† |
1,375 | ||||||
136,000 | H.B. Fuller Co. |
2,921,280 | ||||||
145,000 | International
Flavors & Fragrances Inc. |
9,033,500 | ||||||
40,000 | Material
Sciences Corp.† |
288,400 | ||||||
2,000 | NewMarket
Corp. |
316,440 | ||||||
590,000 | Omnova
Solutions Inc.† |
4,643,300 | ||||||
297,000 | Sensient
Technologies Corp. |
10,644,480 | ||||||
65,000 | The Lubrizol
Corp. |
8,707,400 | ||||||
70,000 | Zep Inc. |
1,218,700 | ||||||
48,887,103 | ||||||||
Telecommunications — 3.2% |
||||||||
7,000 | AboveNet Inc. |
454,020 | ||||||
145,000 | AT&T
Inc. |
4,437,000 | ||||||
23,000 | Brasil Telecom SA, ADR |
621,230 | ||||||
14,000 | Brasil
Telecom SA, Cl. C, ADR |
150,360 | ||||||
24,000 | CenturyLink
Inc. |
997,200 | ||||||
1,170,000 | Cincinnati
Bell Inc.† |
3,135,600 | ||||||
385,000 | Deutsche Telekom AG, ADR |
5,936,700 | ||||||
27,000 | France Telecom SA, ADR |
607,770 | ||||||
36,000 | Hellenic Telecommunications
Organization SA |
402,029 | ||||||
11,000 | Hellenic Telecommunications
Organization SA, ADR |
60,170 | ||||||
14,000 | Loral Space
& Communications Inc.† |
1,085,700 | ||||||
107,000 | NII Holdings
Inc.† |
4,458,690 | ||||||
235,000 | Portugal Telecom SGPS SA |
2,712,281 | ||||||
120,000 | Qwest Communications International
Inc.† |
819,600 | ||||||
10,000 | SAVVIS Inc.† |
370,900 | ||||||
745,000 | Sprint
Nextel Corp.† |
3,456,800 | ||||||
75,403 | Tele Norte Leste Participacoes SA,
ADR |
1,321,815 | ||||||
3,100,000 | Telecom Italia SpA |
4,766,730 | ||||||
200,000 | Telecom Italia SpA, ADR |
3,076,000 | ||||||
279,000 | Telefonica SA, ADR |
7,036,380 | ||||||
40,000 | Telefonos de
Mexico SAB de CV, Cl. L,
ADR |
730,400 | ||||||
585,000 | Telephone
& Data Systems Inc. |
19,714,500 | ||||||
500,000 | Telephone
& Data Systems Inc.,
Special |
14,760,000 | ||||||
82,000 | tw telecom
inc.† |
1,574,400 | ||||||
232,000 | Verizon
Communications Inc. |
8,941,280 | ||||||
40,000 | VimpelCom
Ltd., ADR |
564,800 | ||||||
92,192,355 | ||||||||
Transportation — 0.6% |
||||||||
375,000 | AMR Corp.† |
2,422,500 | ||||||
330,000 | GATX Corp. |
12,757,800 | ||||||
2,000 | Huntington
Ingalls Industries Inc.† |
83,000 | ||||||
4,000 | Kansas City Southern† |
217,800 | ||||||
39,100 | Providence
and Worcester Railroad Co. |
653,948 | ||||||
16,135,048 | ||||||||
Wireless
Communications — 1.0% |
||||||||
91,000 | America
Movil SAB de CV, Cl. L, ADR |
5,287,100 | ||||||
54,000 | Millicom International Cellular SA |
5,193,180 | ||||||
2,700 | NTT DoCoMo
Inc. |
4,745,612 | ||||||
13,001 | Tim Participacoes SA, ADR |
567,494 | ||||||
185,000 | United
States Cellular Corp.† |
9,525,650 | ||||||
47 Vivo | Participacoes SA |
1,886 | ||||||
30,000 | Vivo Participacoes SA, ADR |
1,211,400 | ||||||
79,075 | Vodafone Group plc, ADR |
2,273,406 | ||||||
28,805,728 | ||||||||
TOTAL COMMON STOCKS |
2,861,422,559 | |||||||
WARRANTS
— 0.0% |
||||||||
Automotive: Parts and Accessories — 0.0% |
||||||||
14,727 | Federal-Mogul Corp., expire 12/27/14† |
5,891 | ||||||
Broadcasting — 0.0% |
||||||||
2,109 | Granite
Broadcasting Corp., Ser. A,
expire 06/04/12† (a) |
0 | ||||||
2,109 | Granite
Broadcasting Corp., Ser. B,
expire 06/04/12† (a) |
0 | ||||||
0 | ||||||||
8
Market | ||||||||
Shares | Value | |||||||
WARRANTS (Continued) |
||||||||
Hotels and Gaming — 0.0% |
||||||||
200,000 | Indian Hotels Co. Ltd,
expire 06/16/14† (b) |
$ | 374,800 | |||||
TOTAL WARRANTS |
380,691 | |||||||
Principal | ||||||||
Amount | ||||||||
CONVERTIBLE CORPORATE BONDS — 0.0% |
||||||||
Automotive: Parts and Accessories — 0.0% |
||||||||
$ | 1,000,000 | Standard Motor Products Inc., Sub. Deb.
Cv., 15.000%, 04/15/11 (a) |
1,021,500 | |||||
CORPORATE
BONDS — 0.0% |
||||||||
Specialty
Chemicals — 0.0% |
||||||||
200,000 | Chemtura
Corp., Escrow,
Zero Coupon, 11/17/20† (a) |
0 | ||||||
U.S.
GOVERNMENT OBLIGATIONS — 2.0% |
||||||||
58,341,000 | U.S. Treasury
Bills, 0.118% to 0.200%††,
04/28/11 to 09/22/11 |
58,324,215 | ||||||
TOTAL
INVESTMENTS — 100.0% (Cost $1,455,754,690) |
$ | 2,921,148,965 | ||||||
Aggregate tax cost |
$ | 1,471,901,663 | ||||||
Gross unrealized appreciation |
$ | 1,511,178,566 | ||||||
Gross unrealized depreciation |
(61,931,264 | ) | ||||||
Net unrealized appreciation/depreciation |
$ | 1,449,247,302 | ||||||
(a) | Security fair valued under procedures established by the Board of Trustees. The procedures may include reviewing available financial information about the company and reviewing valuation of comparable securities and other factors on a regular basis. At March 31, 2011, the market value of fair valued securities amounted to $1,386,356 or 0.05% of total investments. | |
(b) | Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At March 31, 2011, the market value of Rule 144A securities amounted to $14,010,000 or 0.48% of total investments. | |
(c) | Illiquid security. | |
† | Non-income producing security. | |
†† | Represents annualized yield at date of purchase. | |
ADR | American Depositary Receipt | |
CVO | Contingent Value Obligation | |
GDR | Global Depositary Receipt |
9
10
• | Level 1 — quoted prices in active markets for identical securities; | ||
• | Level 2 — other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.); and | ||
• | Level 3 — significant unobservable inputs (including the Fund’s determinations as to the fair value of investments). |
Valuation Inputs | ||||||||||||||||
Level 1 | Level 2 Other Significant | Level 3 Significant | Total Market Value | |||||||||||||
Quoted Prices | Observable Inputs | Unobservable Inputs | at 3/31/11 | |||||||||||||
INVESTMENTS IN SECURITIES: |
||||||||||||||||
ASSETS (Market Value): |
||||||||||||||||
Common Stocks: |
||||||||||||||||
Broadcasting |
$ | 40,515,353 | — | $ | 0 | $ | 40,515,353 | |||||||||
Consumer Products |
143,889,482 | $ | 254 | — | 143,889,736 | |||||||||||
Energy and Utilities |
247,625,155 | — | 0 | 247,625,155 | ||||||||||||
Entertainment |
118,969,265 | — | 364,856 | 119,334,121 | ||||||||||||
Other Industries (a) |
2,310,058,194 | — | — | 2,310,058,194 | ||||||||||||
Total Common Stocks |
2,861,057,449 | 254 | 364,856 | 2,861,422,559 | ||||||||||||
Warrants: |
||||||||||||||||
Automotive: Parts and Accessories |
5,891 | — | — | 5,891 | ||||||||||||
Broadcasting |
— | — | 0 | 0 | ||||||||||||
Hotels and Gaming |
— | 374,800 | — | 374,800 | ||||||||||||
Total Warrants |
5,891 | 374,800 | 0 | 380,691 | ||||||||||||
Convertible Corporate Bonds |
— | 1,021,500 | — | 1,021,500 | ||||||||||||
Corporate Bonds |
— | — | 0 | 0 | ||||||||||||
U.S. Government Obligations |
— | 58,324,215 | — | 58,324,215 | ||||||||||||
TOTAL INVESTMENTS IN SECURITIES —
ASSETS |
$ | 2,861,063,340 | $ | 59,720,769 | $ | 364,856 | $ | 2,921,148,965 | ||||||||
(a) | Please refer to the Schedule of Investments for the industry classifications of these portfolio holdings. |
11
Net change | ||||||||||||||||||||||||||||||||||||||||
in unrealized | ||||||||||||||||||||||||||||||||||||||||
appreciation/ | ||||||||||||||||||||||||||||||||||||||||
depreciation | ||||||||||||||||||||||||||||||||||||||||
during the | ||||||||||||||||||||||||||||||||||||||||
period on | ||||||||||||||||||||||||||||||||||||||||
Change in | Level 3 | |||||||||||||||||||||||||||||||||||||||
Balance | Accrued | Realized | unrealized | Transfers | Transfers | Balance | investments | |||||||||||||||||||||||||||||||||
as of | discounts/ | gain/ | appreciation/ | into | out of | as of | held at | |||||||||||||||||||||||||||||||||
12/31/10 | (premiums) | (loss) | depreciation | Purchases | Sales | Level 3† | Level 3† | 3/31/11 | 3/31/11 | |||||||||||||||||||||||||||||||
INVESTMENTS IN SECURITIES: |
||||||||||||||||||||||||||||||||||||||||
ASSETS (Market Value): |
||||||||||||||||||||||||||||||||||||||||
Common Stocks: |
||||||||||||||||||||||||||||||||||||||||
Broadcasting |
$ | 0 | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | 0 | $ | — | ||||||||||||||||||||
Energy and Utilities |
0 | — | — | — | — | — | — | — | 0 | — | ||||||||||||||||||||||||||||||
Entertainment |
364,856 | — | — | — | — | — | — | — | 364,856 | — | ||||||||||||||||||||||||||||||
Total Common Stocks |
364,856 | — | — | — | — | — | — | — | 364,856 | — | ||||||||||||||||||||||||||||||
Warrants: |
||||||||||||||||||||||||||||||||||||||||
Broadcasting |
0 | — | — | — | — | — | — | — | 0 | — | ||||||||||||||||||||||||||||||
Energy and Utilities |
79 | — | (149,058 | ) | 148,979 | — | (0 | ) | — | — | — | — | ||||||||||||||||||||||||||||
Total Warrants |
79 | — | (149,058 | ) | 148,979 | — | (0 | ) | — | — | 0 | — | ||||||||||||||||||||||||||||
Corporate Bonds |
0 | — | — | — | — | — | — | — | 0 | — | ||||||||||||||||||||||||||||||
TOTAL INVESTMENTS IN SECURITIES |
$ | 364,935 | $ | — | $ | (149,058 | ) | $ | 148,979 | $ | — | $ | (0 | ) | $ | — | $ | — | $ | 364,856 | $ | — | ||||||||||||||||||
† | The Fund’s policy is to recognize transfers into and transfers out of Level 3 as of the beginning of the reporting period. |
12
13
14
• | Information you give us on your application form. This could include your name, address, telephone number, social security number, bank account number, and other information. |
• | Information about your transactions with us, any transactions with our affiliates, and transactions with the entities we hire to provide services to you. This would include information about the shares that you buy or redeem. If we hire someone else to provide services—like a transfer agent—we will also have information about the transactions that you conduct through them. |
Mario J. Gabelli, CFA
|
Anthony R. Pustorino | |
Chairman and Chief
|
Certified Public Accountant, | |
Executive Officer
|
Professor Emeritus | |
GAMCO Investors, Inc.
|
Pace University | |
Anthony J. Colavita
|
Werner J. Roeder, MD | |
President
|
Medical Director | |
Anthony J. Colavita, P.C.
|
Lawrence Hospital | |
James P. Conn |
Anthonie C. van Ekris | |
Former Chief Investment Officer
|
Chairman | |
Financial Security Assurance
|
BALMAC International, Inc. | |
Holdings Ltd. |
||
Salvatore J. Zizza | ||
John D. Gabelli
|
Chairman | |
Senior Vice President
|
Zizza & Co., Ltd. | |
Gabelli & Company, Inc. |
Bruce N. Alpert
|
Peter D. Goldstein | |
President and Secretary
|
Chief Compliance Officer | |
Agnes Mullady |
||
Treasurer |
(a) | The registrant’s principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”) (17 CFR 270.30a-3(c))) are effective, as of a date within 90 days of the filing date of the report that includes the disclosure required by this paragraph, based on their evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rules 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934, as amended (17 CFR 240.13a-15(b) or 240.15d-15(b)). | ||
(b) | There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act (17 CFR 270.30a-3(d)) that occurred during the registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting. |
By (Signature and Title)*
|
/s/ Bruce N. Alpert
|
By (Signature and Title)*
|
/s/ Bruce N. Alpert
|
|||
Date 5/31/11 |
||||
By (Signature and Title)*
|
/s/ Agnes Mullady
|
|||
Date 5/31/11 |
* | Print the name and title of each signing officer under his or her signature. |