1

Gabelli

Growth

Innovators

ETF

Schedule

of

Investments

—

September

30,

2025

(Unaudited)

Shares

Market

Value

COMMON

STOCKS

–

87.4%

Aerospace

and

Defense

–

4.3%

1,041

General

Electric

Co.

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

$

313,154‌

105

Howmet

Aerospace

Inc.

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

20,604‌

333,758‌

Automotive

–

1.5%

260

Tesla

Inc.†

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

115,627‌

Communication

Services

–

15.1%

1,460

Alphabet

Inc.,

Cl. C

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

355,583‌

489

Meta

Platforms

Inc.,

Cl. A

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

359,112‌

234

Netflix

Inc.†

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

280,547‌

247

Spotify

Technology

SA†

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

172,406‌

1,167,648‌

Consumer

Discretionary

–

6.9%

1,915

Amazon.com

Inc.†

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

420,477‌

55

Costco

Wholesale

Corp.

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

50,910‌

26

MercadoLibre

Inc.†

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

60,760‌

532,147‌

Energy

and

Utilities

–

4.0%

510

GE

Vernova

Inc.

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

313,599‌

Financials

–

10.8%

559

Arthur

J.

Gallagher

&

Co.

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

173,145‌

1,618

KKR

&

Co.

Inc.

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

210,259‌

513

Mastercard

Inc.,

Cl. A

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

291,799‌

339

Moody's

Corp.

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

161,527‌

836,730‌

Health

Care

–

8.9%

1,316

Boston

Scientific

Corp.†

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

128,481‌

277

Eli

Lilly

&

Co.

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

211,351‌

310

Intuitive

Surgical

Inc.†

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

138,642‌

569

Stryker

Corp.

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

210,342‌

688,816‌

Industrials

–

3.5%

472

Eaton

Corp.

plc

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

176,646‌

216

Trane

Technologies

plc

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

91,143‌

267,789‌

Information

Technology

-

Semiconductors

–

17.1%

622

Applied

Materials

Inc.

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

127,348‌

124

ASML

Holding

NV

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

120,043‌

1,233

Broadcom

Inc.

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

406,779‌

3,567

NVIDIA

Corp.

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

665,531‌

1,319,701‌

Information

Technology

-

Software

and

Services

–

15.3%

955

Apple

Inc.

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

243,172‌

163

Cadence

Design

Systems

Inc.†

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

57,255‌

240

CrowdStrike

Holdings

Inc.,

Cl. A†

...........

117,691‌

137

Intuit

Inc.

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

93,559‌

711

Microsoft

Corp.

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

368,262‌

760

Oracle

Corp.

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

213,742‌

Shares

Market

Value

102

ServiceNow

Inc.†

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

$

93,869‌

1,187,550‌

TOTAL

COMMON

STOCKS

..........

6,763,365‌

Principal

Amount

U.S.

GOVERNMENT

OBLIGATIONS

–

12.6%

$

980,000‌

U.S.

Treasury

Bills,

3.92%

to

4.12%††,

10/09/25

to

12/04/25

975,803‌

TOTAL

INVESTMENTS

—

10

0.0%

(cost

$5,463,373)

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

$

7,739,168‌

†

Non-income

producing

security.

††

Represents

annualized

yields

at

dates

of

purchase.