The Gabelli Global Rising Income and Dividend Fund

Schedule of Investments — September 30, 2020 (Unaudited)

Principal  Amount			Market Value
		CONVERTIBLE CORPORATE BONDS — 0.3%
		Energy and Utilities — 0.3%
	$    100,000	Chart Industries Inc.,
		1.000%, 11/15/24(a)	$	139,098
Shares
		COMMON STOCKS — 98.5%
		Aerospace and Defense — 1.4%
	5,000	Aerojet Rocketdyne Holdings Inc.†		199,450
	1,600	L3Harris Technologies Inc.		271,744
	6,000	Ultra Electronics Holdings plc		161,501
				632,695
		Automotive — 0.4%
	1,000	Volkswagen AG		174,931
		Automotive: Parts and Accessories — 1.5%
	18,000	Dana Inc.		221,760
	2,000	Genuine Parts Co.		190,340
	1,500	Linamar Corp.		44,621
	46,000	Uni-Select Inc.		196,913
	3,000	Veoneer Inc.†		44,100
				697,734
		Aviation: Parts and Services — 0.2%
	200	Curtiss-Wright Corp.		18,652
	32,000	Signature Aviation plc		98,645
				117,297
		Building and Construction — 2.5%
	333	Arcosa Inc.		14,682
	500	Chofu Seisakusho Co. Ltd.		10,425
	16,000	GCP Applied Technologies Inc.†		335,200
	11,000	Herc Holdings Inc.†		435,710
	6,000	Johnson Controls International plc		245,100
	1,600	Lennar Corp., Cl. B		105,056
				1,146,173
		Business Services — 1.2%
	18,000	JCDecaux SA†		311,709
	10,000	Matthews International Corp., Cl. A		223,600
				535,309
		Cable and Satellite — 2.0%
	514	DISH Network Corp., Cl. A†		14,921
	800	EchoStar Corp., Cl. A†		19,912
	2,000	Liberty Global plc, Cl. A†		42,020
	4,000	Liberty Global plc, Cl. C†		82,140
	2,000	Liberty Latin America Ltd., Cl. A†		16,500
	538	Liberty Latin America Ltd., Cl. C†		4,379
	19,000	Rogers Communications Inc., Cl. B		753,350
				933,222

Shares			Market Value
		Computer Software and Services — 0.8%
	1,000	AVEVA Group plc	$	61,756
	34,000	Hewlett Packard Enterprise Co.		318,580
				380,336
		Consumer Products — 7.1%
	21,000	Essity AB, Cl. A†		721,037
	9,034	Hunter Douglas NV†		526,421
	2,000	L’Oreal SA		650,948
	2,000	Salvatore Ferragamo SpA†		29,476
	13,000	Scandinavian Tobacco Group A/S		192,956
	4,500	Svenska Cellulosa AB SCA, Cl. A†		66,124
	9,500	Swedish Match AB		777,324
	7,000	Unicharm Corp.		312,748
				3,277,034
		Consumer Services — 1.6%
	12,000	Ashtead Group plc		433,560
	200	Boyd Group Services Inc.		30,892
	7,000	ServiceMaster Global Holdings Inc.†		279,160
				743,612
		Diversified Industrial — 5.9%
	600	Aker ASA, Cl. A		25,911
	11,571	Ampco-Pittsburgh Corp.†		40,383
	2,500	Ardagh Group SA		35,125
	8,000	Bouygues SA		277,825
	500	Crane Co.		25,065
	17,000	EnPro Industries Inc.		958,970
	7,000	Jardine Matheson Holdings Ltd.		277,760
	17,000	Jardine Strategic Holdings Ltd.		336,770
	3,500	Macquarie Infrastructure Corp.		94,115
	14,500	Myers Industries Inc.		191,835
	11,000	Nilfisk Holding A/S†		132,868
	500	Park-Ohio Holdings Corp.		8,035
	1,200	Sulzer AG		96,477
	5,000	Textron Inc.		180,450
	3,000	Trinity Industries Inc.		58,500
				2,740,089
		Electronics — 10.2%
	35,000	Sony Corp.		2,665,529
	26,500	Sony Corp., ADR		2,033,875
	1,500	Stratasys Ltd.†		18,705
				4,718,109
		Energy and Energy Services — 1.6%
	4,000	BP plc, ADR		69,840
	12,000	Landis+Gyr Group AG†		657,293
				727,133
		Energy and Utilities — 4.2%
	8,000	Cameco Corp.		80,800
	600	Cheniere Energy Inc.†		27,762

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The Gabelli Global Rising Income and Dividend Fund

Schedule of Investments (Continued) — September 30, 2020 (Unaudited)

Shares			Market Value
		COMMON STOCKS (Continued)
		Energy and Utilities (Continued)
	7,000	National Fuel Gas Co.	$	284,130
	15,000	National Grid plc, ADR		866,850
	10,000	Royal Dutch Shell plc, Cl. B		121,319
	18,000	Severn Trent plc		566,492
				1,947,353
		Entertainment — 3.3%
	10,000	Discovery Inc., Cl. A†		217,700
	25,000	Grupo Televisa SAB, ADR†		154,500
	30,000	International Game Technology plc		333,900
	95,000	ITV plc		82,891
	11,155	ViacomCBS Inc., Cl. B		312,452
	15,000	Vivendi SA		418,567
				1,520,010
		Equipment and Supplies — 1.3%
	4,500	Graco Inc.		276,075
	12,500	Mueller Industries Inc.		338,250
				614,325
		Financial Services — 10.1%
	1,000	American Express Co.		100,250
	7,500	American International Group Inc.		206,475
	3,000	Bank of America Corp.		72,270
	3	Berkshire Hathaway Inc., Cl. A†		960,003
	8,000	Citigroup Inc.		344,880
	3,200	Comerica Inc.		122,400
	8,000	Deutsche Bank AG†		67,200
	4,200	EXOR NV		228,882
	27,000	FinecoBank Banca Fineco SpA†		372,120
	60,000	GAM Holding AG†		115,955
	1,600	Julius Baer Group Ltd.		68,218
	16,500	Kinnevik AB, Cl. A		666,938
	5,000	Morgan Stanley		241,750
	32,000	Resona Holdings Inc.		108,502
	2,500	State Street Corp.		148,325
	1,000	T. Rowe Price Group Inc.		128,220
	10,000	The Bank of New York Mellon Corp.		343,400
	1,500	The PNC Financial Services Group Inc.		164,865
	7,000	UBS Group AG		78,050
	5,000	Wells Fargo & Co.		117,550
				4,656,253
		Food and Beverage — 23.5%
	2,000	Campbell Soup Co.		96,740
	7,500	Chr. Hansen Holding A/S		833,635
	7,500	Danone SA		485,573
	125,000	Davide Campari-Milano NV		1,365,766
	6,000	Diageo plc, ADR		825,960
	4,000	Fomento Economico Mexicano SAB de CV, ADR		224,760
	2,000	Heineken NV		177,932

Shares			Market Value
	2,500	Kellogg Co.	$	161,475
	4,000	Kerry Group plc, Cl. A		513,536
	10,600	Kikkoman Corp.		584,952
	5,000	Maple Leaf Foods Inc., Toronto		101,949
	1,500	McCormick & Co. Inc., Cl. V		292,980
	1,500	McCormick & Co. Inc., Non-Voting		291,150
	800	National Beverage Corp.†		54,408
	15,000	Nestlé SA		1,780,685
	3,500	Pernod Ricard SA		558,705
	12,300	Remy Cointreau SA		2,246,826
	6,000	The Kraft Heinz Co.		179,700
	1,000	Yakult Honsha Co. Ltd.		55,469
	375,000	Yashili International Holdings Ltd.†		24,677
				10,856,878
		Health Care — 3.1%
	20,000	Achaogen Inc.†		201
	4,000	Bristol Myers Squibb Co.		241,160
	15,000	Clovis Oncology Inc.†		87,450
	8,000	Cutera Inc.†		151,760
	700	ICU Medical Inc.†		127,932
	4,000	Idorsia Ltd.†		107,443
	1,600	Johnson & Johnson		238,208
	2,500	Patterson Cos. Inc.		60,264
	6,000	Pfizer Inc.		220,200
	5,000	Roche Holding AG, ADR		214,050
				1,448,668
		Hotels and Gaming — 3.5%
	250,000	Mandarin Oriental International Ltd.†		450,000
	190,000	The Hongkong & Shanghai Hotels Ltd.		147,586
	275,000	William Hill plc		986,477
	800	Wynn Resorts Ltd.		57,448
				1,641,511
		Machinery — 3.0%
	104,000	CNH Industrial NV, Borsa Italiana†		810,627
	50,000	CNH Industrial NV, New York†		391,000
	1,200	Mueller Water Products Inc., Cl. A		12,468
	2,000	NKT A/S†		59,718
	19,500	Twin Disc Inc.†		98,670
				1,372,483
		Publishing — 0.8%
	34,000	The E.W. Scripps Co., Cl. A		388,960
		Retail — 0.5%
	12,000	Hertz Global Holdings Inc.†		13,320
	2,300	Nathan’s Famous Inc.		117,875
	2,400	Walgreens Boots Alliance Inc.		86,208
				217,403
		Specialty Chemicals — 1.1%
	700	Ashland Global Holdings Inc.		49,644

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The Gabelli Global Rising Income and Dividend Fund

Schedule of Investments (Continued) — September 30, 2020 (Unaudited)

Shares			Market Value
		COMMON STOCKS (Continued)
		Specialty Chemicals (Continued)
	3,000	International Flavors & Fragrances Inc.	$	367,350
	200	The Chemours Co.		4,182
	4,000	Valvoline Inc.		76,160
				497,336
		Telecommunications — 4.3%
	1,600	CenturyLink Inc.		16,144
	3,000	Deutsche Telekom AG		50,263
	10,000	Deutsche Telekom AG, ADR		168,500
	4,000	Frontier Communications Corp.†		642
	50,000	Koninklijke KPN NV		117,656
	60,000	Pharol SGPS SA, ADR†		8,700
	2,400	Proximus SA		43,826
	130,000	Sistema PJSC FC, GDR		696,800
	63,000	Telefonica Deutschland Holding AG		161,690
	70,000	VEON Ltd., ADR		88,200
	3,000	Verizon Communications Inc		178,470
	36,000	Vodafone Group plc, ADR		483,120
				2,014,011
		Wireless Communications — 3.4%
	22,000	Millicom International Cellular SA, SDR		669,641
	8,000	T-Mobile US Inc.†		914,880
				1,584,521
		TOTAL COMMON STOCKS		45,583,386
		WARRANTS — 0.0%
		Diversified Industrial — 0.0%
	8,000	Ampco-Pittsburgh Corp., expire 08/01/25†		2,960

Principal Amount			Market Value
		U.S. GOVERNMENT OBLIGATIONS — 1.2%
		U.S. Cash Management Bill — 0.3%
	$  141,000	0.094%††, 11/10/20	$	140,989
		U.S. Treasury Bills — 0.9%
	421,000	0.090%†††,
		11/05/20 to 12/24/20		420,947
		TOTAL U.S. GOVERNMENT OBLIGATIONS		561,936
		TOTAL INVESTMENTS — 100.0% (Cost $39,755,971)	$	46,287,380

(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.
†	Non-income producing security.
††	Represents annualized yield at date of purchase.
†††	Represents annualized yield at dates of purchase.
ADR	American Depositary Receipt
GDR	Global Depositary Receipt
SDR	Swedish Depositary Receipt

Geographic Diversification	%of Market Value			Market Value
Europe		50.0	%		$	23,169,798
United States		31.4				14,521,503
Japan		12.5				5,771,501
Asia/Pacific		2.7				1,236,793
Canada		2.6				1,208,525
Latin America		0.8				379,260
		100.0	%		$	46,287,380

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