1

The

Gabelli

Global

Financial

Services

Fund

Schedule

of

Investments

—

December

31,

2023

(Unaudited)

Shares

Market

Value

COMMON

STOCKS

 —

97.2%

Automobiles

 —

6.4%

23,349‌

Daimler

Truck

Holding

AG

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

$

876,904‌

7,450‌

Mercedes-Benz

Group

AG

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

514,438‌

3,770‌

Toyota

Motor

Corp.,

ADR

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

691,342‌

2,082,684‌

Banks

 —

25.8%

82,500‌

Banco

Bilbao

Vizcaya

Argentaria

SA

..........

749,190‌

82,000‌

Commerzbank

AG

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

974,037‌

870,100‌

Dah

Sing

Banking

Group

Ltd.

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

561,607‌

356,500‌

Dah

Sing

Financial

Holdings

Ltd.

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

730,486‌

936‌

First

Citizens

BancShares

Inc.,

Cl. A

..........

1,328,156‌

54,663‌

Flushing

Financial

Corp.

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

900,846‌

34,000‌

ING

Groep

NV

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

507,689‌

48,900‌

Japan

Post

Bank

Co.

Ltd.

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

498,017‌

13,900‌

Shinhan

Financial

Group

Co.

Ltd.,

ADR

.....

427,842‌

9,043‌

Southern

First

Bancshares

Inc.†

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

335,495‌

32,547‌

TrustCo

Bank

Corp.

NY

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

1,010,585‌

6,200‌

Webster

Financial

Corp.

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

314,712‌

8,338,662‌

Consumer

Finance

 —

6.5%

21,580‌

Ally

Financial

Inc.

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

753,574‌

10,310‌

Capital

One

Financial

Corp.

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

1,351,847‌

2,105,421‌

Diversified

Banks

 —

12.6%

111,000‌

Barclays

plc

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

217,577‌

19,350‌

Citigroup

Inc.

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

995,364‌

29,920‌

Credit

Agricole

SA

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

424,504‌

16,168‌

Hana

Financial

Group

Inc.

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

544,834‌

129,285‌

NatWest

Group

plc

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

361,556‌

7,610‌

Societe

Generale

SA

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

201,835‌

88,900‌

Standard

Chartered

plc

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

755,367‌

20,700‌

UniCredit

SpA

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

561,354‌

4,062,391‌

Energy

and

Utilities

 —

2.7%

40,572‌

Vitesse

Energy

Inc.

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

888,121‌

Homebuilders

 —

5.6%

3,010‌

Cavco

Industries

Inc.†

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

1,043,326‌

30,413‌

Legacy

Housing

Corp.†

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

767,016‌

1,810,342‌

Institutional

Banking

 —

3.4%

19,350‌

Moelis

&

Co.,

Cl. A

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

1,086,116‌

Institutional

Brokerage

 —

5.6%

131,200‌

Daiwa

Securities

Group

Inc.

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

883,134‌

23,310‌

Jefferies

Financial

Group

Inc.

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

941,957‌

1,825,091‌

Institutional

Trust,

Fiduciary,

and

Custody

 —

6.1%

9,930‌

State

Street

Corp.

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

769,178‌

Shares

Market

Value

23,300‌

The

Bank

of

New

York

Mellon

Corp.

..........

$

1,212,765‌

1,981,943‌

Insurance

 —

11.4%

139,118‌

Aegon

Ltd.

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

805,984‌

1,377‌

E-L

Financial

Corp.

Ltd.

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

1,089,316‌

12,502‌

First

American

Financial

Corp.

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

805,629‌

60,250‌

HG

Holdings

Inc.†

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

351,559‌

16,055‌

NN

Group

NV

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

633,630‌

3,686,118‌

Investment

Management

 —

7.9%

3,857‌

Diamond

Hill

Investment

Group

Inc.

..........

638,681‌

11,000‌

Janus

Henderson

Group

plc

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

331,650‌

229,100‌

The

Westaim

Corp.†

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

649,236‌

74,265‌

Westwood

Holdings

Group

Inc.

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

933,511‌

2,553,078‌

Reinsurance

 —

3.2%

18,800‌

Axis

Capital

Holdings

Ltd.

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

1,040,956‌

TOTAL

COMMON

STOCKS

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

31,460,923‌

Principal

Amount

U.S.

GOVERNMENT

OBLIGATIONS

 —

2.8%

$

925,000‌

U.S.

Treasury

Bills,

5.293%

to

5.382%††,

01/18/24

to

03/28/24

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

916,917‌

TOTAL

INVESTMENTS

—

100.0%

(Cost

$24,686,679)

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

$

32,377,840‌

†

Non-income

producing

security.

††

Represents

annualized

yields

at

dates

of

purchase.

ADR

American

Depositary

Receipt