NPORT-EX 1 GabelliConvertibleandIncome.htm Gabelli Convertible and Income Securities Fund

The Gabelli Convertible and Income Securities Fund Inc.

Schedule of Investments — March 31, 2019 (Unaudited)

 

 

 

Principal

Amount

          

Market

Value

  
  

CONVERTIBLE CORPORATE BONDS — 58.0%

 

  

Aerospace — 2.7%

 

  $  1,000,000     

Aerojet Rocketdyne Holdings Inc.,
2.250%, 12/15/23

    $   1,486,995  
  1,713,000     

Kaman Corp.,
3.250%, 05/01/24

      1,892,708  
     

 

 

  
        3,379,703  
     

 

 

  
  

Automotive — 0.3%

 

  500,000     

NIO Inc.,
4.500%, 02/01/24(a)

      430,489  
     

 

 

  
  

Broadcasting — 0.5%

 

  588,000     

Liberty Media Corp.-Liberty Formula One,
1.000%, 01/30/23

      660,019  
     

 

 

  
  

Business Services — 2.1%

 

  515,000     

Bristow Group Inc.,
4.500%, 06/01/23

      108,760  
  1,350,000     

Perficient Inc.,
2.375%, 09/15/23(a)

      1,318,699  
  1,056,000     

Team Inc.,
5.000%, 08/01/23

      1,145,086  
     

 

 

  
        2,572,545  
     

 

 

  
  

Cable and Satellite — 1.1%

 

  1,600,000     

DISH Network Corp.,
3.375%, 08/15/26

      1,363,200  
     

 

 

  
  

Communications Equipment — 1.7%

 

  1,500,000     

InterDigital, Inc.,
1.500%, 03/01/20

      1,572,413  
  500,000     

Vocera Communications Inc.,
1.500%, 05/15/23(a)

      588,745  
     

 

 

  
        2,161,158  
     

 

 

  
  

Computer Software and Services — 15.9%

 

  1,500,000     

Boingo Wireless Inc.,
1.000%, 10/01/23(a)

      1,351,612  
  500,000     

Coupa Software Inc.,
0.375%, 01/15/23(a)

      1,046,026  
  1,500,000     

CSG Systems International Inc.,
4.250%, 03/15/36

      1,581,600  
  1,084,000     

Ctrip.com International Ltd.,
1.250%, 09/15/22

      1,102,407  
  1,250,000     

Evolent Health Inc.,
1.500%, 10/15/25(a)

      994,834  
  1,186,000     

GDS Holdings Ltd.,
2.000%, 06/01/25(a)

      1,149,441  
  1,416,000     

IAC FinanceCo. Inc.,
0.875%, 10/01/22(a)

      2,081,936  
  620,000     

LivePerson Inc.,
0.750%, 03/01/24(a)

      640,956  
  1,294,000     

Lumentum Holdings Inc.,
0.250%, 03/15/24

      1,529,821  

Principal

Amount

          

Market

Value

  
  $  1,500,000     

MercadoLibre Inc.,
2.000%, 08/15/28(a)

    $ 2,020,313  
  1,092,000     

New Relic Inc.,
0.500%, 05/01/23(a)

      1,230,011  
  565,000     

Nice Systems Inc.,
1.250%, 01/15/24

      864,649  
  352,000     

Okta Inc.,
0.250%, 02/15/23

      637,296  
  215,000     

Pluralsight Inc.,
0.375%, 03/01/24(a)

      230,531  
  1,000,000     

PROS Holdings Inc.,
2.000%, 06/01/47

      1,068,755  
  500,000     

Q2 Holdings Inc.,
0.750%, 02/15/23

      656,135  
  300,000     

Sea Ltd.,
2.250%, 07/01/23(a)

      416,444  
  1,000,000     

Splunk Inc.,
1.125%, 09/15/25(a)

      1,099,042  
     

 

 

  
          19,701,809  
     

 

 

  
  

Consumer Services — 3.0%

 

  1,000,000     

Chegg Inc.,
0.125%, 03/15/25(a)

      990,166  
  1,500,000     

Extra Space Storage LP,
3.125%, 10/01/35(a)

      1,726,793  
  1,000,000     

Quotient Technology Inc.,
1.750%, 12/01/22

      941,692  
     

 

 

  
        3,658,651  
     

 

 

  
  

Diversified Industrial — 2.1%

 

  600,000     

Chart Industries Inc.,
1.000%, 11/15/24(a)

      979,076  
  1,000,000     

KBR Inc., 2.500%,
11/01/23(a)

      1,014,604  
  500,000     

TimkenSteel Corp.,
6.000%, 06/01/21

      585,683  
     

 

 

  
        2,579,363  
     

 

 

  
  

Electronics — 3.0%

 

  320,000     

Applied Optoelectronics Inc.,
5.000%, 03/15/24(a)

      317,927  
  500,000     

Intel Corp., Sub. Deb.,
3.250%, 08/01/39

      1,314,050  
  1,800,000     

Knowles Corp.,
3.250%, 11/01/21

      2,108,912  
     

 

 

  
        3,740,889  
     

 

 

  
  

Energy and Utilities — 4.0%

 

  1,500,000     

Cheniere Energy Inc.,
4.250%, 03/15/45

      1,180,313  
  1,016,000     

Newpark Resources Inc.,
4.000%, 12/01/21

      1,253,541  
 

 

1

The Gabelli Convertible and Income Securities Fund Inc.

Schedule of Investments (Continued) — March 31, 2019 (Unaudited)

 

 

 

Principal

Amount

          

Market

Value

  
  

CONVERTIBLE CORPORATE BONDS (Continued)

 

  

Energy and Utilities (Continued)

   
  $  2,500,000     

SunPower Corp.,
4.000%, 01/15/23

    $ 2,068,364  
  500,000     

Tesla Energy Operations Inc./DE,
1.625%, 11/01/19

      484,015  
     

 

 

  
        4,986,233  
     

 

 

  
  

Entertainment — 0.9%

 

  1,000,000     

Gannett Co. Inc.,
4.750%, 04/15/24(a)

      1,089,279  
     

 

 

  
  

Financial Services — 0.8%

 

  420,000     

GOL Equity Finance SA,
3.750%, 07/15/24(a)

      396,406  
  344,000     

LendingTree Inc.,
0.625%, 06/01/22

      604,895  
     

 

 

  
        1,001,301  
     

 

 

  
  

Health Care — 10.8%

 

  500,000     

Bayer Capital Corp.BV,
5.625%, 11/22/19

      400,467  
  1,000,000     

CONMED Corp.,
2.625%, 02/01/24(a)

      1,112,018  
  495,000     

DexCom Inc.,
0.750%, 12/01/23(a)

      511,082  
  835,000     

Exact Sciences Corp.,
0.375%, 03/15/27

      854,019  
  500,000     

Inovio Pharmaceuticals Inc.,
6.500%, 03/01/24(a)

      502,439  
  1,000,000     

Insulet Corp.,
1.375%, 11/15/24(a)

      1,206,875  
  1,083,000     

Intercept Pharmaceuticals Inc.,
3.250%, 07/01/23

      1,077,115  
  500,000     

Invacare Corp.,
4.500%, 06/01/22

      430,941  
  608,000     

Neurocrine Biosciences Inc.,
2.250%, 05/15/24

      823,149  
  750,000     

NuVasive Inc.,
2.250%, 03/15/21

      836,936  
  1,000,000     

Pacira Pharmaceuticals Inc.,
2.375%, 04/01/22

      986,996  
  750,000     

Paratek Pharmaceuticals Inc.,
4.750%, 05/01/24(a)

      574,023  
  500,000     

Retrophin Inc.,
2.500%, 09/15/25.

      467,378  
  1,500,000     

Supernus Pharmaceuticals Inc.,
0.625%, 04/01/23(a)

      1,452,060  
  860,000     

Tabula Rasa HealthCare Inc.,
1.750%, 02/15/26(a)

      918,849  

Principal

Amount

          

Market

Value

  
  $  600,000     

Teladoc Health Inc.,
3.000%, 12/15/22

    $ 895,927  
  300,000     

1.375%, 05/15/25(a)

      387,804  
     

 

 

  
        13,438,078  
     

 

 

  
  

Metals and Mining — 0.8%

 

  1,000,000     

Arconic Inc.,
1.625%, 10/15/19

      989,759  
     

 

 

  
  

Semiconductors — 4.4%

 

  750,000     

Cypress Semiconductor Corp.,
4.500%, 01/15/22

      960,056  
  1,000,000     

Inphi Corp.,
1.125%, 12/01/20

      1,230,305  
  1,947,000     

Rambus Inc.,
1.375%, 02/01/23

      1,826,481  
  1,000,000     

Teradyne Inc.,
1.250%, 12/15/23

      1,399,807  
     

 

 

  
        5,416,649  
     

 

 

  
  

Telecommunications — 3.0%

 

  315,000     

8x8 Inc.,
0.500%, 02/01/24(a)

      323,222  
  100,000     

Gogo Inc.,
6.000%, 05/15/22(a)

      97,317  
  1,700,000     

Infinera Corp.,
2.125%, 09/01/24

      1,346,808  
  1,000,000     

Twilio Inc.,
0.250%, 06/01/23(a)

      1,907,565  
     

 

 

  
        3,674,912  
     

 

 

  
  

Transportation — 0.9%

 

  1,000,000     

Atlas Air Worldwide Holdings Inc.,
2.250%, 06/01/22

      1,053,016  
     

 

 

  
  

TOTAL CONVERTIBLE CORPORATE BONDS

      71,897,053  
     

 

 

  

Shares

              
  

CONVERTIBLE PREFERRED STOCKS — 2.3%

 

  

Real Estate Investment Trusts — 1.9%

 

  21,700     

QTS Realty Trust Inc.,
6.500%, Ser. B

      2,357,054  
     

 

 

  
  

Telecommunications — 0.4%

 

  12,000     

Cincinnati Bell Inc.,
6.750%, Ser. B

      467,940  
     

 

 

  
  

TOTAL CONVERTIBLE PREFERRED STOCKS

      2,824,994  
     

 

 

  
 

 

2

The Gabelli Convertible and Income Securities Fund Inc.

Schedule of Investments (Continued) — March 31, 2019 (Unaudited)

 

 

 

Shares

          

Market

Value

  
  

MANDATORY CONVERTIBLE SECURITIES (b) — 14.7%

 

  

Building and Construction — 0.8%

   
  10,638     

Stanley Black & Decker Inc.,
5.375%, 05/15/20

    $ 1,037,205  
     

 

 

  
  

Computer Software and Services — 0.5%

 

  5,000     

MTS Systems Corp.,
8.750%, 07/01/19

      564,749  
     

 

 

  
  

Consumer Products — 0.3%

 

  3,650     

Energizer Holdings Inc.,
7.500%, Ser. A, 01/15/22

      355,437  
     

 

 

  
  

Diversified Industrial — 3.2%

 

  11,000     

Colfax Corp.,
5.750%, 01/15/22

      1,464,430  
  28,341     

International Flavors & Fragrances Inc.,
6.000%, 09/15/21

      1,415,349  
  20,100     

Rexnord Corp.,
5.750%, Ser. A, 11/15/19

      1,082,787  
     

 

 

  
        3,962,566  
     

 

 

  
  

Energy and Utilities — 4.3%

 

  20,760     

American Electric Power Co. Inc.,
6.125%, 03/15/22

      1,068,102  
  33,000     

CenterPoint Energy Inc.,
7.000%, 09/01/21

      1,743,720  
  300     

El Paso Energy Capital Trust I,
4.750%, 03/31/28

      16,313  
  5,163     

Sempra Energy,
6.000%, Ser. A, 01/15/21

      545,729  
  5,000     

6.750%, Ser. B, 07/15/21

      530,800  
  26,875     

South Jersey Industries Inc.,
7.250%, 04/15/21

      1,386,213  
     

 

 

  
        5,290,877  
     

 

 

  
  

Equipment and Supplies — 0.6%

 

  750     

Danaher Corp.,
4.750%, Ser. A, 04/15/22

      789,743  
     

 

 

  
  

Financial Services — 2.3%

 

  9,000     

Alibaba - Mandatory Exchange Trust,
5.750%, 06/01/19(a)

      1,831,815  
  9,324     

Assurant Inc.,
6.500%, Ser. D, 03/15/21

      966,712  
     

 

 

  
        2,798,527  
     

 

 

  
  

Health Care — 1.1%

 

  22,646     

Becton Dickinson and Co.,
6.125%, 05/01/20

      1,399,749  
     

 

 

  

Shares

          

Market

Value

  
  

Real Estate Investment Trusts — 1.6%

 

  1,727     

Crown Castle International Corp.,
6.875%, Ser. A, 08/01/20

    $ 2,046,150  
     

 

 

  
  

TOTAL MANDATORY CONVERTIBLE SECURITIES

      18,245,003  
     

 

 

  
  

COMMON STOCKS — 17.2%

 

  

Automotive: Parts and Accessories — 0.4%

 

  5,000     

Genuine Parts Co.

      560,150  
     

 

 

  
  

Building and Construction — 0.8%

 

  5,500     

Herc Holdings Inc.†

      214,390  
  17,000     

USG Corp.

      736,100  
     

 

 

  
        950,490  
     

 

 

  
  

Computer Hardware — 0.3%

 

  3,000     

International Business Machines Corp.

      423,300  
     

 

 

  
  

Consumer Products — 0.8%

 

  20,000     

Swedish Match AB

      1,019,436  
     

 

 

  
  

Diversified Industrial — 0.2%

 

  4,000     

Multi-Color Corp.

      199,560  
     

 

 

  
  

Energy and Utilities — 1.2%

 

  1,000     

Chevron Corp.

      123,180  
  1,000     

Exxon Mobil Corp.

      80,800  
  2,500     

Royal Dutch Shell plc, Cl. A, ADR

      156,475  
  29,000     

Severn Trent plc

      746,360  
  1,000,000     

Texas Competitive Electric Holdings Co. LLC, Escrow†(c)

      0  
  20,000     

The AES Corp.

      361,600  
     

 

 

  
        1,468,415  
     

 

 

  
  

Equipment and Supplies — 0.2%

 

  8,000     

Mueller Industries Inc.

      250,720  
     

 

 

  
  

Financial Services — 6.4%

 

  2,500     

American Express Co.

      273,250  
  7,000     

American International Group Inc.

      301,420  
  8,113     

American Tower Corp., REIT

      1,598,748  
  4,500     

Bank of America Corp.

      124,155  
  4,000     

Citigroup Inc.

      248,880  
  4,000     

JPMorgan Chase & Co.

      404,920  
  7,000     

Julius Baer Group Ltd.

      282,812  
  3,000     

Kinnevik AB, Cl. A

      79,216  
  4,000     

Morgan Stanley

      168,800  
  9,500     

State Street Corp.

      625,195  
  20,000     

The Bank of New York Mellon Corp.

      1,008,600  
  15,000     

The PNC Financial Services Group Inc.

      1,839,900  
  20,000     

Wells Fargo & Co.

      966,400  
     

 

 

  
        7,922,296  
     

 

 

  
  

Food and Beverage — 0.6%

 

  2,020     

Pernod Ricard SA

      362,551  
 

 

3

The Gabelli Convertible and Income Securities Fund Inc.

Schedule of Investments (Continued) — March 31, 2019 (Unaudited)

 

 

 

Shares

           

Market

Value

  
   COMMON STOCKS (Continued)

 

   Food and Beverage (Continued)

 

  3,000      Remy Cointreau SA    $ 400,130  
     

 

 

  
        762,681  
     

 

 

  
  

Health Care — 2.9%

 

  12,000     

Bristol-Myers Squibb Co.

      572,520  
  500     

Eli Lilly & Co.

      64,880  
  1,000,000     

Elite Pharmaceuticals Inc.†

      99,000  
  1,000     

Johnson & Johnson

      139,790  
  2,500     

Merck & Co. Inc.

      207,925  
  40,000     

Roche Holding AG, ADR

      1,375,600  
  10,000     

Spark Therapeutics Inc.†

      1,138,800  
     

 

 

  
        3,598,515  
     

 

 

  
  

Hotels and Gaming — 0.5%

 

  7,000     

Ryman Hospitality Properties Inc., REIT

      575,680  
     

 

 

  
  

Retail — 0.2%

 

  800     

Costco Wholesale Corp.

      193,712  
  5,000     

Hertz Global Holdings Inc.†

      86,850  
     

 

 

  
        280,562  
     

 

 

  
  

Telecommunications — 1.3%

 

  1,600     

Swisscom AG

      782,526  
  13,500     

Verizon Communications Inc.

      798,255  
     

 

 

  
        1,580,781  
     

 

 

  
  

Transportation — 0.1%

 

  1,000     

GATX Corp.

      76,370  
     

 

 

  
  

Wireless Communications — 1.3%

 

  22,566     

T-Mobile US Inc.†

      1,559,311  
     

 

 

  
   TOTAL COMMON STOCKS      21,228,267  
     

 

 

  

Principal

Amount

              
   U.S. GOVERNMENT OBLIGATIONS — 7.8%

 

  $9,757,000      U.S. Treasury Bills,
    2.402% to 2.491%††,
    06/20/19 to 07/18/19		      9,691,239  
     

 

 

  
   TOTAL INVESTMENTS — 100.0%
    (Cost $108,634,212)		      $  123,886,556  
     

 

 

  

 

(a)

Security 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. At March 31, 2019, the market value of Rule 144A securities amounted to $31,938,399 or 25.78% of total investments.

(b)

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.

(c)

Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.

†

Non-income producing security.

††

Represents annualized yields at dates of purchase.

ADR

American Depositary Receipt

REIT

Real Estate Investment Trust

 

 

4