NPORT-EX 2 GB45EllsworthGthIncFdLtd.htm
1
Ellsworth
Growth
and
Income
Fund
Ltd.
Schedule
of
Investments
—
June
30,
2021
(Unaudited)
Principal
Amount
Market
Value
CONVERTIBLE
CORPORATE
BONDS
—
71
.2
%
Aerospace
—
0
.7
%
$
1,638,000‌
Kaman
Corp.
,
3.250
%
,
05/01/24
.............
$
1,736,342‌
Airlines
—
1
.3
%
1,505,000‌
JetBlue
Airways
Corp.
,
0.500
%
,
04/01/26
(a)
...........
1,507,257‌
1,000,000‌
Southwest
Airlines
Co.
,
1.250
%
,
05/01/25
.............
1,519,375‌
3,026,632‌
Automotive
—
0
.7
%
1,500,000‌
Ford
Motor
Co.
,
Zero
Coupon
,
03/15/26
(a)
.......
1,665,937‌
Business
Services
—
2
.5
%
2,000,000‌
MicroStrategy
Inc.
,
Zero
Coupon
,
02/15/27
(a)
.......
1,502,000‌
2,000,000‌
Perficient
Inc.
,
1.250
%
,
08/01/25
(a)
...........
3,293,800‌
1,000,000‌
RingCentral
Inc.
,
Zero
Coupon
,
03/01/25
.........
1,109,375‌
5,905,175‌
Cable
and
Satellite
—
2
.2
%
DISH
Network
Corp.
1,750,000‌
Zero
Coupon
,
12/15/25
(a)
.......
2,046,625‌
1,000,000‌
3.375
%
,
08/15/26
.............
1,023,000‌
2,095,000‌
fuboTV
Inc.
,
3.250
%
,
02/15/26
(a)
...........
2,077,978‌
5,147,603‌
Communications
Equipment
—
3
.9
%
1,000,000‌
Harmonic
Inc.
,
2.000
%
,
09/01/24
.............
1,186,900‌
1,870,000‌
InterDigital
Inc.
,
2.000
%
,
06/01/24
.............
2,081,544‌
1,300,000‌
Kaleyra
Inc.
,
6.125
%
,
06/01/26
(a)
...........
1,327,373‌
2,000,000‌
Lumentum
Holdings
Inc.
,
0.500
%
,
12/15/26
.............
2,167,600‌
Vocera
Communications
Inc.
900,000‌
1.500
%
,
05/15/23
.............
1,229,625‌
1,355,000‌
0.500
%
,
09/15/26
(a)
...........
1,287,250‌
9,280,292‌
Computer
Software
and
Services
—
22
.5
%
Bandwidth
Inc.
1,500,000‌
0.250
%
,
03/01/26
.............
2,440,500‌
1,175,000‌
0.500
%
,
04/01/28
(a)
...........
1,213,187‌
2,000,000‌
Big
Bear
Inc.
,
6.000
%
,
06/01/26
.............
2,000,000‌
Blackline
Inc.
700,000‌
0.125
%
,
08/01/24
.............
1,126,125‌
Principal
Amount
Market
Value
$
1,340,000‌
Zero
Coupon
,
03/15/26
(a)
.......
$
1,293,100‌
1,875,000‌
Cardlytics
Inc.
,
1.000
%
,
09/15/25
(a)
...........
3,112,500‌
695,000‌
Cloudflare
Inc.
,
0.750
%
,
05/15/25
.............
1,982,488‌
Coupa
Software
Inc.
870,000‌
0.125
%
,
06/15/25
.............
1,507,797‌
1,375,000‌
0.375
%
,
06/15/26
.............
1,593,109‌
3,000,000‌
CSG
Systems
International
Inc.
,
4.250
%
,
03/15/36
.............
3,106,800‌
335,000‌
Dropbox
Inc.
,
Zero
Coupon
,
03/01/28
(a)
.......
368,500‌
2,030,000‌
Everbridge
Inc.
,
0.125
%
,
12/15/24
.............
2,779,831‌
2,000,000‌
i3
Verticals
LLC
,
1.000
%
,
02/15/25
.............
2,037,500‌
2,185,000‌
Limelight
Networks
Inc.
,
3.500
%
,
08/01/25
(a)
...........
1,986,126‌
1,250,000‌
LivePerson
Inc.
,
0.750
%
,
03/01/24
.............
2,186,349‌
1,500,000‌
Match
Group
Financeco
3
Inc.
,
2.000
%
,
01/15/30
(a)
...........
3,055,350‌
1,000,000‌
MercadoLibre
Inc.
,
2.000
%
,
08/15/28
.............
3,535,000‌
1,750,000‌
PAR
Technology
Corp.
,
2.875
%
,
04/15/26
.............
3,174,489‌
2,000,000‌
Progress
Software
Corp.
,
1.000
%
,
04/15/26
(a)
...........
2,031,144‌
1,330,000‌
PROS
Holdings
Inc.
,
2.250
%
,
09/15/27
(a)
...........
1,744,794‌
1,735,000‌
Q2
Holdings
Inc.
,
0.750
%
,
06/01/26
.............
2,276,320‌
1,000,000‌
Shift4
Payments
Inc.
,
Zero
Coupon
,
12/15/25
(a)
.......
1,353,100‌
2,000,000‌
Splunk
Inc.
,
1.125
%
,
09/15/25
.............
2,445,000‌
1,045,000‌
Varonis
Systems
Inc.
,
1.250
%
,
08/15/25
.............
2,050,813‌
1,650,000‌
Workiva
Inc.
,
1.125
%
,
08/15/26
.............
2,519,771‌
52,919,693‌
Consumer
Products
—
3
.0
%
1,050,000‌
Callaway
Golf
Co.
,
2.750
%
,
05/01/26
.............
2,145,282‌
515,000‌
Cracker
Barrel
Old
Country
Store
Inc.
,
0.625
%
,
06/15/26
(a)
...........
519,506‌
750,000‌
Farfetch
Ltd.
,
3.750
%
,
05/01/27
.............
2,437,500‌
1,045,000‌
National
Vision
Holdings
Inc.
,
2.500
%
,
05/15/25
.............
1,845,078‌
6,947,366‌
2
Ellsworth
Growth
and
Income
Fund
Ltd.
Schedule
of
Investments
(Continued)
—
June
30,
2021
(Unaudited)
Principal
Amount
Market
Value
CONVERTIBLE
CORPORATE
BONDS
(Continued)
Consumer
Services
—
5
.5
%
$
1,470,000‌
NCL
Corp.
Ltd.
,
5.375
%
,
08/01/25
(a)
...........
$
2,680,545‌
Royal
Caribbean
Cruises
Ltd.
430,000‌
4.250
%
,
06/15/23
(a)
...........
588,057‌
685,000‌
2.875
%
,
11/15/23
(a)
...........
862,234‌
685,000‌
Shopify
Inc.
,
0.125
%
,
11/01/25
.............
895,295‌
Square
Inc.
500,000‌
0.500
%
,
05/15/23
.............
1,566,510‌
1,000,000‌
0.250
%
,
11/01/27
(a)
...........
1,165,000‌
2,105,000‌
Stride
Inc.
,
1.125
%
,
09/01/27
(a)
...........
1,960,176‌
865,000‌
Vroom
Inc.
,
0.750
%
,
07/01/26
(a)
...........
897,870‌
2,060,000‌
Wayfair
Inc.
,
0.625
%
,
10/01/25
(a)
...........
2,204,200‌
12,819,887‌
Diversified
Industrial
—
1
.0
%
750,000‌
Chart
Industries
Inc.
,
1.000
%
,
11/15/24
(a)
...........
1,901,719‌
340,000‌
John
Bean
Technologies
Corp.
,
0.250
%
,
05/15/26
(a)
...........
362,440‌
2,264,159‌
Energy
and
Utilities
—
1
.5
%
1,155,000‌
Bloom
Energy
Corp.
,
2.500
%
,
08/15/25
(a)
...........
2,064,447‌
1,700,000‌
Cheniere
Energy
Inc.
,
4.250
%
,
03/15/45
.............
1,448,753‌
3,513,200‌
Financial
Services
—
4
.6
%
875,000‌
Chimera
Investment
Corp.
,
7.000
%
,
04/01/23
.............
2,005,938‌
1,025,000‌
Digitalbridge
Operating
Co.
LLC
,
5.750
%
,
07/15/25
(a)
(b)
.........
3,619,582‌
1,000,000‌
Encore
Capital
Group
Inc.
,
3.250
%
,
03/15/22
.............
1,132,500‌
750,000‌
GOL
Equity
Finance
SA
,
3.750
%
,
07/15/24
(a)
...........
675,469‌
1,000,000‌
IIP
Operating
Partnership
LP
,
3.750
%
,
02/21/24
(a)
...........
2,941,300‌
335,000‌
Repay
Holdings
Corp.
,
Zero
Coupon
,
02/01/26
(a)
.......
333,325‌
10,708,114‌
Food
and
Beverage
—
0
.2
%
485,000‌
The
Cheesecake
Factory
Inc.
,
0.375
%
,
06/15/26
.............
479,847‌
Principal
Amount
Market
Value
Health
Care
—
11
.3
%
$
1,545,000‌
1Life
Healthcare
Inc.
,
3.000
%
,
06/15/25
.............
$
1,704,629‌
735,000‌
Coherus
Biosciences
Inc.
,
1.500
%
,
04/15/26
.............
754,908‌
1,000,000‌
Collegium
Pharmaceutical
Inc.
,
2.625
%
,
02/15/26
.............
1,081,368‌
1,000,000‌
CONMED
Corp.
,
2.625
%
,
02/01/24
.............
1,616,250‌
1,180,000‌
Cutera
Inc.
,
2.250
%
,
03/15/26
(a)
...........
1,929,300‌
Dexcom
Inc.
375,000‌
0.750
%
,
12/01/23
.............
975,469‌
1,020,000‌
0.250
%
,
11/15/25
.............
1,070,363‌
1,360,000‌
Esperion
Therapeutics
Inc.
,
4.000
%
,
11/15/25
(a)
...........
1,172,867‌
1,960,000‌
Exact
Sciences
Corp.
,
0.375
%
,
03/15/27
.............
2,603,125‌
1,500,000‌
Insulet
Corp.
,
0.375
%
,
09/01/26
.............
2,046,562‌
Invacare
Corp.
500,000‌
4.500
%
,
06/01/22
.............
470,625‌
1,015,000‌
4.250
%
,
03/15/26
(a)
...........
1,017,936‌
629,000‌
Pacira
BioSciences
Inc.
,
2.375
%
,
04/01/22
.............
688,362‌
1,390,000‌
PetIQ
Inc.
,
4.000
%
,
06/01/26
.............
2,095,425‌
1,254,000‌
Supernus
Pharmaceuticals
Inc.
,
0.625
%
,
04/01/23
.............
1,239,109‌
2,000,000‌
Tabula
Rasa
HealthCare
Inc.
,
1.750
%
,
02/15/26
.............
2,052,600‌
1,870,000‌
Teladoc
Health
Inc.
,
1.250
%
,
06/01/27
.............
2,102,628‌
1,500,000‌
Theravance
Biopharma
Inc.
,
3.250
%
,
11/01/23
.............
1,428,750‌
500,000‌
Travere
Therapeutics
Inc.
,
2.500
%
,
09/15/25
.............
425,334‌
26,475,610‌
Real
Estate
Investment
Trusts
—
1
.2
%
375,000‌
Braemar
Hotels
&
Resorts
Inc.
,
4.500
%
,
06/01/26
(a)
...........
450,321‌
340,000‌
Pebblebrook
Hotel
Trust
,
1.750
%
,
12/15/26
.............
387,260‌
675,000‌
Realogy
Group
LLC/Realogy
Co.-
Issuer
Corp.
,
0.250
%
,
06/15/26
(a)
...........
680,746‌
1,180,000‌
Summit
Hotel
Properties
Inc.
,
1.500
%
,
02/15/26
.............
1,221,890‌
2,740,217‌
Security
Software
—
5
.0
%
1,395,000‌
2U
Inc.
,
2.250
%
,
05/01/25
.............
2,301,053‌
3
Ellsworth
Growth
and
Income
Fund
Ltd.
Schedule
of
Investments
(Continued)
—
June
30,
2021
(Unaudited)
Principal
Amount
Market
Value
CONVERTIBLE
CORPORATE
BONDS
(Continued)
Security
Software
(Continued)
$
1,500,000‌
CyberArk
Software
Ltd.
,
Zero
Coupon
,
11/15/24
.........
$
1,629,450‌
515,000‌
Nice
Ltd.
,
Zero
Coupon
,
09/15/25
(a)
.......
552,591‌
532,000‌
Nice
Systems
Inc.
,
1.250
%
,
01/15/24
.............
1,579,707‌
1,000,000‌
Okta
Inc.
,
0.375
%
,
06/15/26
.............
1,250,870‌
2,190,000‌
Verint
Systems
Inc.
,
0.250
%
,
04/15/26
(a)
...........
2,158,345‌
1,515,000‌
Zscaler
Inc.
,
0.125
%
,
07/01/25
(a)
...........
2,372,111‌
11,844,127‌
Semiconductors
—
0
.2
%
385,000‌
ON
Semiconductor
Corp.
,
Zero
Coupon
,
05/01/27
(a)
.......
402,556‌
Telecommunications
—
2
.6
%
2,060,000‌
8x8
Inc.
,
0.500
%
,
02/01/24
.............
2,560,980‌
1,250,000‌
Infinera
Corp.
,
2.500
%
,
03/01/27
.............
1,903,454‌
1,345,000‌
PagerDuty
Inc.
,
1.250
%
,
07/01/25
(a)
...........
1,756,906‌
6,221,340‌
Transportation
—
1
.3
%
1,700,000‌
Atlas
Air
Worldwide
Holdings
Inc.
,
1.875
%
,
06/01/24
.............
2,177,062‌
680,000‌
Seaspan
Corp.
,
3.750
%
,
12/15/25
(a)
...........
830,280‌
3,007,342‌
TOTAL
CONVERTIBLE
CORPORATE
BONDS
....................
167,105,439‌
Shares
CONVERTIBLE
PREFERRED
STOCKS
—
0
.6
%
Agriculture
—
0
.4
%
9,000‌
Bunge
Ltd.
,
4.875
%
....................
1,046,070‌
Business
Services
—
0
.2
%
809,253‌
Amerivon
Holdings
LLC
,
4.000
%
(c)
..................
436,035‌
272,728‌
Amerivon
Holdings
LLC,  common
equity
units
(c)
.......................
16,364‌
452,399‌
TOTAL
CONVERTIBLE
PREFERRED
STOCKS
...................
1,498,469‌
Shares
Market
Value
MANDATORY
CONVERTIBLE
SECURITIES
(d)
—
10
.6
%
Automotive:
Parts
and
Accessories
—
1
.3
%
17,100‌
Aptiv
plc
,
Ser. A
,
5.500
%
,
06/15/23
.............
$
3,057,822‌
Business
Services
—
0
.5
%
12,000‌
Clarivate
plc
,
Ser. A
,
5.250
%
,
06/01/24
.............
1,256,400‌
Diversified
Industrial
—
1
.2
%
15,000‌
Colfax
Corp.
,
5.750
%
,
01/15/22
.............
2,793,000‌
Energy
and
Utilities
—
2
.1
%
NextEra
Energy
Inc.
24,025‌
4.872
%
,
09/01/22
.............
1,349,004‌
27,900‌
5.279
%
,
03/01/23
.............
1,365,984‌
27,465‌
6.219
%
,
09/01/23
.............
1,356,771‌
16,290‌
Spire
Inc.
,
Ser. A
,
7.500
%
,
03/01/24
.............
880,800‌
4,952,559‌
Equipment
and
Supplies
—
0
.6
%
1,000‌
Danaher
Corp.
,
Ser. B
,
5.000
%
,
04/15/23
.............
1,475,270‌
Financial
Services
—
1
.5
%
1,730‌
2020
Cash
Mandatory
Exchangeable
Trust
,
5.250
%
,
06/01/23
.............
2,184,264‌
24,000‌
New
York
Community
Capital
Trust
V
,
6.000
%
,
11/01/51
.............
1,247,040‌
3,431,304‌
Health
Care
—
2
.1
%
25,445‌
Avantor
Inc.
,
Ser. A
,
6.250
%
,
05/15/22
.............
2,787,754‌
40,900‌
Elanco
Animal
Health
Inc.
,
5.000
%
,
02/01/23
.............
2,194,694‌
4,982,448‌
Semiconductors
—
1
.3
%
1,945‌
Broadcom
Inc.
,
Ser. A
,
8.000
%
,
09/30/22
.............
2,956,147‌
TOTAL
MANDATORY
CONVERTIBLE
SECURITIES
.................
24,904,950‌
COMMON
STOCKS
—
15
.8
%
Business
Services
—
1
.6
%
13,000‌
PayPal
Holdings
Inc.
†
..............
3,789,240‌
Communications
Equipment
—
0
.2
%
40,000‌
Kaleyra
Inc.
†
....................
489,600‌
Computer
Software
and
Services
—
1
.7
%
14,300‌
Microsoft
Corp.
..................
3,873,870‌
4
Ellsworth
Growth
and
Income
Fund
Ltd.
Schedule
of
Investments
(Continued)
—
June
30,
2021
(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
June
30,
2021,
the
Fund
held
an
investment
in
a
restricted
and
illiquid
security
amounting
to
$3,619,582
or
1.54%
of
total
investments,
which
was
valued
under
methods
approved
by
the
Board
of
Trustees
as
follows:
(c)
Security
is
valued
using
significant
unobservable
inputs
and
is
classified
as
Level
3
in
the
fair
value
hierarchy.
(d)
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)
Consumer
Products
—
0
.6
%
24,000‌
Unilever
plc
,
ADR
.................
$
1,404,000‌
Energy
and
Utilities
—
0.0
%
132‌
Goodrich
Petroleum
Corp.
†
..........
1,971‌
Entertainment
—
0
.9
%
12,500‌
The
Walt
Disney
Co.
†
..............
2,197,125‌
Food
and
Beverage
—
0
.5
%
30,000‌
Conagra
Brands
Inc.
...............
1,091,400‌
Health
Care
—
2
.7
%
12,960‌
Eli
Lilly
&
Co.
....................
2,974,579‌
22,651‌
Merck
&
Co.
Inc.
..................
1,761,568‌
2,265‌
Organon
&
Co.
†
..................
68,539‌
40,000‌
Pfizer
Inc.
......................
1,566,400‌
6,371,086‌
Real
Estate
Investment
Trusts
—
5
.1
%
10,000‌
American
Tower
Corp.
..............
2,701,400‌
16,100‌
Crown
Castle
International
Corp.
.......
3,141,110‌
5,000‌
Equinix
Inc.
.....................
4,013,000‌
7,000‌
SBA
Communications
Corp.
..........
2,230,900‌
12,086,410‌
Semiconductors
—
0
.5
%
20,000‌
Intel
Corp.
......................
1,122,800‌
Telecommunications
—
2
.0
%
30,000‌
AT&T
Inc.
.......................
863,400‌
16,119‌
T-Mobile
US
Inc.
†
.................
2,334,515‌
25,000‌
Verizon
Communications
Inc.
.........
1,400,750‌
4,598,665‌
TOTAL
COMMON
STOCKS
...........
37,026,167‌
WARRANTS
—
0.0
%
Energy
and
Utilities
—
0.0
%
1,131‌
Goodrich
Petroleum
Corp.
,
expire
10/12/26
†
(c)
................
0‌
Principal
Amount
U.S.
GOVERNMENT
OBLIGATIONS
—
1
.8
%
$
4,190,000‌
U.S.
Treasury
Bills,
0.014
%
to
0.028
%
††
,
09/16/21
to
11/18/21
...................
4,189,471‌
TOTAL
INVESTMENTS
—
100.0%
(Cost
$
165,128,758
)
...........
$
234,724,496‌
Acquisition
Principal
Amount
Issuer
Acquisition
Dates
Acquisition
Cost
06/30/21
Carrying
Value
Per
Bond
$1,025,000
Digitalbridge
Operating
Co.
LLC
,
5.750
%
,
07/15/25
.....
07/17/20
-
11/11/20
$1,247,824
$3,531.30
ADR
American
Depositary
Receipt