The Gabelli Global Rising Income and Dividend Fund

Schedule of Investments — March 31, 2020 (Unaudited)

Principal Amount			Market Value
		CONVERTIBLE CORPORATE BONDS — 0.2%
		Energy and Utilities — 0.2%
$	100,000	Chart Industries Inc., 1.000%, 11/15/24(a)	$	78,652
Shares
		COMMON STOCKS — 96.5%
		Aerospace and Defense — 1.7%
	5,000	Aerojet Rocketdyne Holdings Inc.†		209,150
	1,800	L3Harris Technologies Inc.		324,216
	6,000	Ultra Electronics Holdings plc		149,648
				683,014
		Automotive — 0.3%
	1,000	Volkswagen AG		133,892
		Automotive: Parts and Accessories — 1.4%
	19,000	Dana Inc.		148,390
	2,000	Genuine Parts Co.		134,660
	3,000	Linamar Corp.		62,098
	46,000	Uni-Select Inc.		167,029
	4,000	Veoneer Inc.†		29,280
				541,457
		Aviation: Parts and Services — 0.2%
	200	Curtiss-Wright Corp.		18,482
	32,000	Signature Aviation plc		65,583
				84,065
		Building and Construction — 1.8%
	333	Arcosa Inc.		13,233
	15,000	Armstrong Flooring Inc.†		21,450
	500	Chofu Seisakusho Co. Ltd.		11,834
	14,000	GCP Applied Technologies Inc.†		249,200
	10,000	Herc Holdings Inc.†		204,600
	6,000	Johnson Controls International plc		161,760
	1,220	Lennar Corp., Cl. B		35,282
				697,359
		Business Services — 1.1%
	14,000	JCDecaux SA		254,770
	8,000	Matthews International Corp., Cl. A		193,520
				448,290
		Cable and Satellite — 2.4%
	514	DISH Network Corp., Cl. A†		10,275
	800	EchoStar Corp., Cl. A†		25,576
	1,000	Liberty Global plc, Cl. A†		16,510
	3,000	Liberty Global plc, Cl. C†		47,130
	1,000	Liberty Latin America Ltd., Cl. A†		10,520
	20,000	Rogers Communications Inc., Cl. B		830,600
				940,611

Shares			Market Value
		Computer Software and Services — 0.9%
	1,000	AVEVA Group plc	$	43,399
	34,000	Hewlett Packard Enterprise Co.		330,140
				373,539
		Consumer Products — 6.7%
	21,000	Essity AB, Cl. A		643,211
	9,034	Hunter Douglas NV		408,508
	2,000	L’Oreal SA		526,966
	1,500	Salvatore Ferragamo SpA		20,018
	16,000	Scandinavian Tobacco Group A/S		161,794
	4,500	Svenska Cellulosa AB SCA, Cl. A†		45,489
	10,000	Swedish Match AB		574,169
	7,000	Unicharm Corp.		263,725
				2,643,880
		Consumer Services — 1.5%
	12,000	Ashtead Group plc		263,151
	200	Boyd Group Services Inc.		20,820
	3,000	Macquarie Infrastructure Corp.		75,750
	8,500	ServiceMaster Global Holdings Inc.†		229,500
				589,221
		Diversified Industrial — 5.8%
	1,000	Aker ASA, Cl. A		22,662
	8,000	Ampco-Pittsburgh Corp.†		20,000
	2,500	Ardagh Group SA		29,650
	8,000	Bouygues SA		235,756
	500	Crane Co.		24,590
	17,200	EnPro Industries Inc.		680,776
	7,500	Jardine Matheson Holdings Ltd.		375,000
	17,000	Jardine Strategic Holdings Ltd.		377,400
	14,500	Myers Industries Inc.		155,875
	11,500	Nilfisk Holding A/S†		146,105
	800	Park-Ohio Holdings Corp.		15,152
	1,000	Sulzer AG		63,480
	4,000	Textron Inc.		106,680
	3,000	Trinity Industries Inc.		48,210
				2,301,336
		Electronics — 10.1%
	36,000	Sony Corp.		2,149,788
	31,000	Sony Corp., ADR		1,834,580
	1,500	Stratasys Ltd.†		23,925
				4,008,293
		Energy and Energy Services — 2.5%
	6,000	BP plc, ADR		146,340
	12,000	Landis+Gyr Group AG		830,338
				976,678
		Energy and Utilities — 5.2%
	10,000	Cameco Corp.		76,400
	1,100	Cheniere Energy Inc.†		36,850

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The Gabelli Global Rising Income and Dividend Fund

Schedule of Investments (Continued) — March 31, 2020 (Unaudited)

Shares			Market Value
		COMMON STOCKS (Continued)
		Energy and Utilities (Continued)
	7,500	National Fuel Gas Co.	$	279,675
	16,000	National Grid plc, ADR		932,320
	10,000	Royal Dutch Shell plc, Cl. B		168,900
	20,000	Severn Trent plc		566,396
	200,000	Texas Competitive Electric Holdings Co. LLC, Escrow†(b)		0
				2,060,541
		Entertainment — 2.6%
	9,000	Discovery Inc., Cl. A†		174,960
	22,000	Grupo Televisa SAB, ADR		127,600
	28,000	International Game Technology plc		166,600
	100,000	ITV plc		82,003
	954	ViacomCBS Inc., Cl. A		17,010
	10,155	ViacomCBS Inc., Cl. B		142,272
	15,000	Vivendi SA		323,012
				1,033,457
		Equipment and Supplies — 1.3%
	4,500	Graco Inc.		219,285
	12,500	Mueller Industries Inc.		299,250
				518,535
		Financial Services — 9.4%
	1,000	American Express Co.		85,610
	8,800	American International Group Inc.		213,400
	2,000	Bank of America Corp.		42,460
	3	Berkshire Hathaway Inc., Cl. A†		816,000
	8,000	Citigroup Inc.		336,960
	4,000	Comerica Inc.		117,360
	8,000	Deutsche Bank AG		51,360
	4,200	EXOR NV		217,713
	27,000	FinecoBank Banca Fineco SpA		246,862
	60,000	GAM Holding AG†		113,829
	2,000	Julius Baer Group Ltd.		68,634
	17,500	Kinnevik AB, Cl. A		291,886
	500	Kinnevik AB, Cl. B		8,345
	5,000	Morgan Stanley		170,000
	30,000	Resona Holdings Inc.		90,732
	2,000	State Street Corp.		106,540
	1,000	T. Rowe Price Group Inc.		97,650
	10,000	The Bank of New York Mellon Corp.		336,800
	1,500	The PNC Financial Services Group Inc.		143,580
	5,000	UBS Group AG		46,300
	4,000	Wells Fargo & Co.		114,800
				3,716,821
		Food and Beverage — 22.3%
	2,000	Campbell Soup Co.		92,320
	8,000	Chr. Hansen Holding A/S		601,321
	7,500	Danone SA		485,056
	130,000	Davide Campari-Milano SpA		939,120

Shares			Market Value
	6,000	Diageo plc, ADR	$	762,720
	4,000	Fomento Economico Mexicano SAB de CV, ADR		242,040
	2,000	Heineken NV		167,994
	2,500	Kellogg Co.		149,975
	4,000	Kerry Group plc, Cl. A		461,895
	10,900	Kikkoman Corp.		466,817
	5,000	Maple Leaf Foods Inc., Toronto		90,670
	1,500	McCormick & Co. Inc., Cl. V		213,645
	1,500	McCormick & Co. Inc., Non-Voting		211,815
	800	National Beverage Corp.†		34,120
	16,000	Nestlé SA		1,653,195
	3,500	Pernod Ricard SA		499,697
	14,000	Remy Cointreau SA		1,538,657
	6,000	The Kraft Heinz Co.		148,440
	1,000	Yakult Honsha Co. Ltd.		59,428
	400,000	Yashili International Holdings Ltd.		25,797
				8,844,722
		Health Care — 3.4%
	20,000	Achaogen Inc.†		224
	4,000	Bristol-Myers Squibb Co.		222,960
	16,000	Clovis Oncology Inc.†		101,760
	7,000	Cutera Inc.†		91,420
	1,000	ICU Medical Inc.†		201,770
	4,000	Idorsia Ltd.†		104,727
	1,600	Johnson & Johnson		209,808
	2,500	Patterson Cos. Inc.		38,225
	6,000	Pfizer Inc.		195,840
	5,000	Roche Holding AG, ADR		202,850
				1,369,584
		Hotels and Gaming — 2.0%
	250,000	Mandarin Oriental International Ltd.		320,000
	180,000	The Hongkong & Shanghai Hotels Ltd.		143,485
	275,000	William Hill plc		232,750
	1,500	Wynn Resorts Ltd.		90,285
				786,520
		Machinery — 2.8%
	104,000	CNH Industrial NV, Borsa Italiana		598,284
	50,000	CNH Industrial NV, New York		280,500
	1,200	Mueller Water Products Inc., Cl. A		9,612
	2,000	NKT A/S†		35,898
	30,000	Twin Disc Inc.†		209,400
				1,133,694
		Publishing — 0.7%
	38,000	The E.W. Scripps Co., Cl. A		286,520
		Retail — 0.8%
	6,753	Hertz Global Holdings Inc.†		41,733
	500	Ingles Markets Inc., Cl. A		18,080
	4,000	Macy’s Inc.		19,640

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The Gabelli Global Rising Income and Dividend Fund

Schedule of Investments (Continued) — March 31, 2020 (Unaudited)

Shares			Market Value
		COMMON STOCKS (Continued)
		Retail (Continued)
	2,000	Nathan’s Famous Inc.		$        122,000
	2,400	Walgreens Boots Alliance Inc.		109,800
				311,253
		Specialty Chemicals — 1.0%
	700	Ashland Global Holdings Inc.		35,049
	3,000	International Flavors & Fragrances Inc.		306,240
	200	The Chemours Co.		1,774
	4,000	Valvoline Inc.		52,360
				395,423
		Telecommunications — 6.4%
	2,000	CenturyLink Inc.		18,920
	11,000	Cincinnati Bell Inc.†		161,040
	3,000	Deutsche Telekom AG, ADR†		38,820
	4,000	Frontier Communications Corp.†		1,520
	50,000	Koninklijke KPN NV		119,996
	60,000	Pharol SGPS SA, ADR†		4,794
	2,400	Proximus SA		55,242
	130,000	Sistema PJSC FC, GDR		431,600
	90,000	Sprint Corp.†		775,800
	58,000	Telefonica Deutschland Holding AG		144,504
	60,000	VEON Ltd., ADR		90,600
	3,000	Verizon Communications Inc.		161,190
	38,000	Vodafone Group plc, ADR		523,260
				2,527,286
		Wireless Communications — 2.2%
	31,000	Millicom International Cellular SA, SDR		876,174
		TOTAL COMMON STOCKS		38,282,165

Principal Amount			Market Value
		U.S. GOVERNMENT OBLIGATIONS — 3.3%
$	1,315,000	U.S. Treasury Bill, 0.060%††, 09/24/20	$	1,314,460
		TOTAL INVESTMENTS — 100.0% (Cost $43,437,025)	$	39,675,277

(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.

(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 yield at date of purchase.

ADR  American Depositary Receipt

GDR  Global Depositary Receipt

SDR  Swedish Depositary Receipt

Geographic Diversification	%of Market Value			Market Value
Europe		47.5	%		$    18,825,062
United States		33.1			13,114,372
Japan		12.3			4,876,905
Canada		3.1			1,247,616
Asia/Pacific		3.1			1,241,682
Latin America		0.9			369,640
		100.0	%		$    39,675,277

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