1

The

Gabelli

Convertible

and

Income

Securities

Fund

Inc.

Schedule

of

Investments

—

March

31,

2022

(Unaudited)

Principal

Amount

Market

Value

CONVERTIBLE

CORPORATE

BONDS

 —

73.2%

Airlines

 —

2.2%

$

585,000‌

JetBlue

Airways

Corp.,

0.500%,

04/01/26(a)

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

$

547,231‌

1,930,000‌

Southwest

Airlines

Co.,

1.250%,

05/01/25

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

2,626,248‌

3,173,479‌

Automotive

 —

0.8%

1,000,000‌

Ford

Motor

Co.,

Zero

Coupon,

03/15/26

...........

1,187,000‌

Broadcasting

 —

0.8%

588,000‌

Liberty

Media

Corp.-

Liberty

Formula

One,

1.000%,

01/30/23

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

1,115,951‌

Business

Services

 —

7.6%

2,100,000‌

2U

Inc.,

2.250%,

05/01/25

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

1,774,500‌

1,000,000‌

BigBear.ai

Holdings

Inc.,

6.000%,

12/15/26(a)

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

1,005,270‌

1,000,000‌

BigCommerce

Holdings

Inc.,

0.250%,

10/01/26(a)

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

763,800‌

3,000,000‌

Perficient

Inc.,

0.125%,

11/15/26(a)

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

2,695,500‌

Shift4

Payments

Inc.

610,000‌

Zero

Coupon,

12/15/25

...........

641,720‌

285,000‌

0.500%,

08/01/27(a)

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

249,945‌

1,565,000‌

Stride

Inc.,

1.125%,

09/01/27

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

1,560,305‌

1,500,000‌

TechTarget

Inc.,

Zero

Coupon,

12/15/26(a)

.........

1,361,250‌

810,000‌

Upwork

Inc.,

0.250%,

08/15/26

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

665,415‌

10,717,705‌

Cable

and

Satellite

 —

1.7%

DISH

Network

Corp.

1,000,000‌

Zero

Coupon,

12/15/25

...........

975,100‌

1,000,000‌

3.375%,

08/15/26

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

902,000‌

865,000‌

fuboTV

Inc.,

3.250%,

02/15/26(a)

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

586,902‌

2,464,002‌

Communications

Equipment

 —

3.0%

2,210,000‌

InterDigital

Inc.,

2.000%,

06/01/24

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

2,276,300‌

2,000,000‌

Radius

Global

Infrastructure

Inc.,

2.500%,

09/15/26(a)

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

1,895,000‌

4,171,300‌

Principal

Amount

Market

Value

Computer

Software

and

Services

 —

21.1%

$

1,265,000‌

8x8

Inc.,

0.500%,

02/01/24

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

$

1,172,022‌

1,750,000‌

Bandwidth

Inc.,

0.250%,

03/01/26

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

1,342,250‌

Blackline

Inc.

250,000‌

0.125%,

08/01/24

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

296,725‌

900,000‌

Zero

Coupon,

03/15/26

...........

765,000‌

225,000‌

Dropbox

Inc.,

Zero

Coupon,

03/01/28

...........

213,120‌

721,000‌

GDS

Holdings

Ltd.,

2.000%,

06/01/25

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

784,087‌

1,935,000‌

i3

Verticals

LLC,

1.000%,

02/15/25

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

1,918,166‌

1,600,000‌

Limelight

Networks

Inc.,

3.500%,

08/01/25

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

1,669,664‌

1,520,000‌

LivePerson

Inc.,

0.750%,

03/01/24

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

1,520,760‌

Lumentum

Holdings

Inc.

1,250,000‌

0.500%,

12/15/26

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

1,454,850‌

870,000‌

0.500%,

06/15/28(a)

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

855,210‌

800,000‌

MakeMyTrip

Ltd.,

Zero

Coupon,

02/15/28

...........

795,600‌

1,500,000‌

Match

Group

Financeco

3

Inc.,

2.000%,

01/15/30(a)

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

2,265,000‌

1,000,000‌

MercadoLibre

Inc.,

2.000%,

08/15/28

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

2,767,500‌

1,000,000‌

PAR

Technology

Corp.,

2.875%,

04/15/26

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

1,201,875‌

1,500,000‌

Progress

Software

Corp.,

1.000%,

04/15/26(a)

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

1,498,500‌

1,165,000‌

Q2

Holdings

Inc.,

0.750%,

06/01/26

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

1,162,670‌

1,500,000‌

Splunk

Inc.,

1.125%,

09/15/25

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

1,800,000‌

640,000‌

Varonis

Systems

Inc.,

1.250%,

08/15/25

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

1,068,800‌

1,295,000‌

Verint

Systems

Inc.,

0.250%,

04/15/26(a)

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

1,356,879‌

1,118,000‌

Veritone

Inc.,

1.750%,

11/15/26(a)

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

960,369‌

1,050,000‌

Workiva

Inc.,

1.125%,

08/15/26

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

1,693,781‌

1,000,000‌

Zynga

Inc.,

0.250%,

06/01/24

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

1,220,625‌

29,783,453‌

Consumer

Services

 —

2.3%

640,000‌

Callaway

Golf

Co.,

2.750%,

05/01/26

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

967,200‌

NCL

Corp.

Ltd.

470,000‌

5.375%,

08/01/25

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

681,500‌

2

The

Gabelli

Convertible

and

Income

Securities

Fund

Inc.

Schedule

of

Investments

(Continued)

—

March

31,

2022

(Unaudited)

Principal

Amount

Market

Value

CONVERTIBLE

CORPORATE

BONDS

(Continued)

Consumer

Services

(Continued)

$

472,000‌

1.125%,

02/15/27(a)

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

$

436,128‌

Royal

Caribbean

Cruises

Ltd.

270,000‌

4.250%,

06/15/23

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

354,051‌

445,000‌

2.875%,

11/15/23

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

540,230‌

225,000‌

Shopify

Inc.,

0.125%,

11/01/25

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

213,638‌

3,192,747‌

Diversified

Industrial

 —

2.6%

600,000‌

Chart

Industries

Inc.,

1.000%,

11/15/24(a)

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

1,768,500‌

225,000‌

John

Bean

Technologies

Corp.,

0.250%,

05/15/26

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

217,238‌

1,458,000‌

Patrick

Industries

Inc.,

1.750%,

12/01/28(a)

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

1,312,200‌

363,000‌

Xometry

Inc.,

1.000%,

02/01/27(a)

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

333,052‌

3,630,990‌

Energy

and

Utilities

 —

2.0%

1,908,000‌

Array

Technologies

Inc.,

1.000%,

12/01/28(a)

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

1,456,758‌

795,000‌

Bloom

Energy

Corp.,

2.500%,

08/15/25

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

1,316,759‌

2,773,517‌

Financial

Services

 —

2.4%

1,000,000‌

Block

Inc.,

0.125%,

03/01/25

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

1,315,625‌

630,000‌

Digitalbridge

Operating

Co.

LLC,

5.750%,

07/15/25(a)(b)

...........

2,045,547‌

3,361,172‌

Health

Care

 —

8.8%

445,000‌

Coherus

Biosciences

Inc.,

1.500%,

04/15/26

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

442,686‌

1,000,000‌

CONMED

Corp.,

2.625%,

02/01/24

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

1,723,500‌

700,000‌

Cutera

Inc.,

2.250%,

03/15/26

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

1,521,800‌

1,700,000‌

Dexcom

Inc.,

0.250%,

11/15/25

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

1,949,688‌

1,635,000‌

Exact

Sciences

Corp.,

0.375%,

03/15/27

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

1,550,184‌

1,500,000‌

Insulet

Corp.,

0.375%,

09/01/26

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

1,995,750‌

750,000‌

Invacare

Corp.,

4.500%,

06/01/22

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

726,355‌

750,000‌

Paratek

Pharmaceuticals

Inc.,

4.750%,

05/01/24

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

664,125‌

850,000‌

PetIQ

Inc.,

4.000%,

06/01/26

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

1,017,344‌

Principal

Amount

Market

Value

$

750,000‌

Travere

Therapeutics

Inc.,

2.500%,

09/15/25

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

$

783,750‌

12,375,182‌

Materials

 —

0.1%

233,000‌

Danimer

Scientific

Inc.,

3.250%,

12/15/26(a)

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

191,642‌

Real

Estate

Investment

Trusts

 —

2.9%

2,000,000‌

Arbor

Realty

Trust

Inc.,

4.750%,

11/01/22

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

2,080,000‌

275,000‌

Braemar

Hotels

&

Resorts

Inc.,

4.500%,

06/01/26(a)

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

325,875‌

225,000‌

Pebblebrook

Hotel

Trust,

1.750%,

12/15/26

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

259,088‌

1,300,000‌

Summit

Hotel

Properties

Inc.,

1.500%,

02/15/26

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

1,366,300‌

4,031,263‌

Retail

 —

0.7%

640,000‌

National

Vision

Holdings

Inc.,

2.500%,

05/15/25

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

985,600‌

Security

Software

 —

4.9%

1,700,000‌

Cardlytics

Inc.,

1.000%,

09/15/25

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

1,728,050‌

840,000‌

Nice

Ltd.,

Zero

Coupon,

09/15/25

...........

885,675‌

165,000‌

Nice

Systems

Inc.,

1.250%,

01/15/24

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

433,331‌

1,500,000‌

Okta

Inc.,

0.125%,

09/01/25

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

1,615,500‌

1,335,000‌

Zscaler

Inc.,

0.125%,

07/01/25

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

2,278,178‌

6,940,734‌

Semiconductors

 —

3.0%

2,000,000‌

Impinj

Inc.,

1.125%,

05/15/27(a)

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

1,886,250‌

300,000‌

Teradyne

Inc.,

1.250%,

12/15/23

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

1,115,410‌

1,097,000‌

Wolfspeed

Inc.,

0.250%,

02/15/28(a)

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

1,245,780‌

4,247,440‌

Specialty

Chemicals

 —

0.2%

470,000‌

Amyris

Inc.,

1.500%,

11/15/26(a)

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

338,870‌

Telecommunications

 —

4.6%

1,500,000‌

Harmonic

Inc.,

2.000%,

09/01/24

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

1,923,000‌

750,000‌

Infinera

Corp.,

2.500%,

03/01/27

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

1,034,250‌

3

The

Gabelli

Convertible

and

Income

Securities

Fund

Inc.

Schedule

of

Investments

(Continued)

—

March

31,

2022

(Unaudited)

Principal

Amount

Market

Value

CONVERTIBLE

CORPORATE

BONDS

(Continued)

Telecommunications

(Continued)

$

1,500,000‌

Kaleyra

Inc.,

6.125%,

06/01/26(a)

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

$

1,443,750‌

700,000‌

Liberty

Latin

America

Ltd.,

2.000%,

07/15/24

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

638,312‌

1,225,000‌

PagerDuty

Inc.,

1.250%,

07/01/25

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

1,415,488‌

6,454,800‌

Transportation

 —

1.5%

1,000,000‌

Atlas

Air

Worldwide

Holdings

Inc.,

1.875%,

06/01/24

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

1,504,375‌

705,000‌

CryoPort

Inc.,

0.750%,

12/01/26(a)

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

557,302‌

2,061,677‌

TOTAL

CONVERTIBLE

CORPORATE

BONDS

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

103,198,524‌

Shares

MANDATORY

CONVERTIBLE

SECURITIES(c)

 —

10.1%

Automotive:

Parts

and

Accessories

 —

1.3%

13,600‌

Aptiv

plc,

Ser.

A,

5.500%,

06/15/23

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

1,855,992‌

Energy

and

Utilities

 —

2.5%

NextEra

Energy

Inc.

17,400‌

5.279%,

03/01/23

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

907,410‌

38,030‌

6.219%,

09/01/23

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

1,998,096‌

11,150‌

Spire

Inc.,

Ser.

A,

7.500%,

03/01/24

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

586,490‌

3,491,996‌

Financial

Services

 —

1.7%

2,115‌

2020

Cash

Mandatory

Exchangeable

Trust,

5.250%,

06/01/23

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

2,363,512‌

Health

Care

 —

1.7%

12,060‌

Avantor

Inc.,

Ser.

A,

6.250%,

05/15/22

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

1,248,572‌

750‌

Danaher

Corp.,

Ser.

B,

5.000%,

04/15/23

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

1,184,430‌

2,433,002‌

Semiconductors

 —

2.9%

2,085‌

Broadcom

Inc.,

Ser.

A,

8.000%,

09/30/22

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

4,093,168‌

TOTAL

MANDATORY

CONVERTIBLE

SECURITIES

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

14,237,670‌

Shares

Market

Value

COMMON

STOCKS

 —

9.8%

Agriculture

 —

0.9%

11,561‌

Bunge

Ltd.

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

$

1,281,074‌

Automotive:

Parts

and

Accessories

 —

0.1%

5,000‌

Dana

Inc.

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

87,850‌

500‌

Genuine

Parts

Co.

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

63,010‌

150,860‌

Broadcasting

 —

0.1%

14,000‌

Grupo

Televisa

SAB,

ADR

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

163,800‌

Communications

Equipment

 —

1.4%

8,113‌

American

Tower

Corp.,

REIT

..........

2,038,148‌

Computer

Hardware

 —

0.1%

1,000‌

International

Business

Machines

Corp.

..

130,020‌

Computer

Software

and

Services

 —

0.0%

4,000‌

Kyndryl

Holdings

Inc.†

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

52,480‌

Consumer

Products

 —

0.4%

75,000‌

Swedish

Match

AB

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

565,388‌

Diversified

Industrial

 —

1.4%

44,000‌

Colfax

Corp.†

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

1,750,760‌

600‌

Crane

Co.

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

64,968‌

500‌

ITT

Inc.

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

37,605‌

2,000‌

Textron

Inc.

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

148,760‌

2,002,093‌

Energy

and

Energy

Services

 —

0.0%

1,000‌

Halliburton

Co.

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

37,870‌

Financial

Services

 —

1.7%

100‌

Alleghany

Corp.†

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

84,700‌

1,500‌

American

Express

Co.

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

280,500‌

2,500‌

Bank

of

America

Corp.

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

103,050‌

1,400‌

Citigroup

Inc.

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

74,760‌

500‌

JPMorgan

Chase

&

Co.

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

68,160‌

2,000‌

Julius

Baer

Group

Ltd.

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

116,617‌

300‌

Morgan

Stanley

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

26,220‌

7,500‌

State

Street

Corp.

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

653,400‌

17,000‌

The

Bank

of

New

York

Mellon

Corp.

....

843,710‌

1,200‌

The

PNC

Financial

Services

Group

Inc.

..

221,340‌

2,472,457‌

Food

and

Beverage

 —

0.3%

2,000‌

Maple

Leaf

Foods

Inc.

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

47,994‌

800‌

Pernod

Ricard

SA

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

176,381‌

800‌

Remy

Cointreau

SA

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

165,495‌

389,870‌

4

The

Gabelli

Convertible

and

Income

Securities

Fund

Inc.

Schedule

of

Investments

(Continued)

—

March

31,

2022

(Unaudited)

(a)

Securities

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.

(b)

At

March

31,

2022,

the

Fund

held

an

investment

in

a

restricted

and

illiquid

security

amounting

to

$2,045,547

or

1.45%

of

total

investments,

which

was

valued

under

methods

approved

by

the

Board

of

Directors

as

follows:

(c)

Mandatory

convertible

securities

are

required

to

be

converted

on

the

dates

listed;

they

generally

may

be

converted

prior

to

these

dates

at

the

option

of

the

holder.

†

Non-income

producing

security.

††

Represents

annualized

yields

at

dates

of

purchase.

Shares

Market

Value

COMMON

STOCKS

(Continued)

Health

Care

 —

0.6%

500‌

Johnson

&

Johnson

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

$

88,615‌

1,500‌

Merck

&

Co.

Inc.

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

123,075‌

12,000‌

Roche

Holding

AG,

ADR

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

592,920‌

804,610‌

Real

Estate

Investment

Trusts

 —

2.0%

15,205‌

Crown

Castle

International

Corp.

.......

2,806,843‌

Retail

 —

0.2%

400‌

Costco

Wholesale

Corp.

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

230,340‌

Specialty

Chemicals

 —

0.1%

6,000‌

Ferro

Corp.†

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

130,440‌

Telecommunications

 —

0.4%

600‌

Swisscom

AG

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

360,370‌

3,500‌

Verizon

Communications

Inc.

.........

178,290‌

538,660‌

Transportation

 —

0.1%

800‌

GATX

Corp.

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

98,664‌

TOTAL

COMMON

STOCKS

.........

13,893,617‌

Principal

Amount

U.S.

GOVERNMENT

OBLIGATIONS

 —

6.9%

$

9,730,000‌

U.S.

Treasury

Bills,

0.130%

to

0.501%††,

04/21/22

to

06/23/22

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

9,723,371‌

TOTAL

INVESTMENTS

—

100.0%

....

(Cost

$120,223,811)

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

$

141,053,182‌

Acquisition

Principal

Amount

Issuer

Acquisition

Date

Acquisition

Cost

03/31/22

Carrying

Value

Per

Bond

$630,000

Digitalbridge

Operating

Co.

LLC,

5.750%,

07/15/25

07/17/20

$722,638

$3,246.9000

ADR

American

Depositary

Receipt

REIT

Real

Estate

Investment

Trust