NPORT-EX 2 GB28GBConvertibleIncomeSecs.htm FOR VALIDATION PURPOSES ONLY - [823548.TX]

The Gabelli Convertible and Income Securities Fund Inc.

Schedule of Investments — September 30, 2019 (Unaudited)

 

 

Principal
Amount

          

Market

Value

  
   CONVERTIBLE CORPORATE BONDS — 58.3%

 

   Aerospace — 3.2%

 

  $  1,000,000     

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

    $     1,996,875  
  1,713,000     

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

      1,962,747  
     

 

 

  
        3,959,622  
     

 

 

  
   Automotive — 0.7%

 

  815,000     

Tesla Inc.,
2.000%, 05/15/24

      829,817  
     

 

 

  
   Broadcasting — 0.6%

 

  588,000     

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

      737,840  
     

 

 

  
   Business Services — 2.3%

 

  515,000     

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

      64,375  
  1,350,000     

Perficient Inc.,
2.375%, 09/15/23

      1,614,313  
  1,056,000     

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

      1,169,584  
     

 

 

  
        2,848,272  
     

 

 

  
   Cable and Satellite — 1.2%

 

  1,600,000     

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

      1,469,929  
     

 

 

  
   Communications Equipment — 1.7%

 

  2,210,000     

InterDigital Inc.,
2.000%, 06/01/24(a)

      2,178,228  
     

 

 

  
   Computer Software and Services — 16.1%

 

  500,000     

Blackline Inc.,
0.125%, 08/01/24(a)

      479,276  
  1,500,000     

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

      1,239,509  
  1,205,000     

Coupa Software Inc.,
0.125%, 06/15/25(a)

      1,320,981  
  1,500,000     

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

      1,703,214  
  1,250,000     

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

      809,375  
  1,186,000     

GDS Holdings Ltd.,
2.000%, 06/01/25

      1,235,343  
  1,750,000     

IAC Financeco 3 Inc.,
2.000%, 01/15/30(a)

      1,894,316  
  620,000     

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

      724,378  
  1,294,000     

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

      1,504,289  
  1,500,000     

MercadoLibre Inc.,
2.000%, 08/15/28

      2,209,472  

Principal
Amount

          

Market

Value

  
  $     565,000     

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

    $ 1,010,554  
   Okta Inc.,   
  250,000     

0.250%, 02/15/23

      526,175  
  210,000     

0.125%, 09/01/25(a)

      190,923  
  715,000     

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

      614,876  
  315,000     

Proofpoint Inc.,
0.250%, 08/15/24(a)

      341,819  
  1,000,000     

PROS Holdings Inc.,
1.000%, 05/15/24(a)

      1,136,517  
   Q2 Holdings Inc.,   
  500,000     

0.750%, 02/15/23

      734,687  
  415,000     

0.750%, 06/01/26(a)

      460,152  
  420,000     

SailPoint Technologies Holding Inc.,
0.125%, 09/15/24(a)

      401,205  
  1,000,000     

Splunk Inc.,
1.125%, 09/15/25

      1,098,125  
  500,000     

Workiva Inc.,
1.125%, 08/15/26(a)

      458,635  
     

 

 

  
          20,093,821  
     

 

 

  
   Consumer Services — 1.5%

 

  1,500,000     

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

      1,917,317  
     

 

 

  
   Diversified Industrial — 1.5%

 

  600,000     

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

      753,744  
  1,000,000     

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

      1,160,690  
     

 

 

  
        1,914,434  
     

 

 

  
   Electronics — 1.9%

 

  1,800,000     

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

      2,314,902  
     

 

 

  
   Energy and Utilities — 3.1%

 

  1,500,000     

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

      1,164,375  
  2,500,000     

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

      2,273,974  
  500,000     

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

      495,371  
     

 

 

  
        3,933,720  
     

 

 

  
   Entertainment — 0.9%

 

  1,000,000     

Gannett Co. Inc.,
4.750%, 04/15/24

      1,083,200  
     

 

 

  
   Financial Services — 0.9%

 

  555,000     

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

      585,872  
 

 

1

The Gabelli Convertible and Income Securities Fund Inc.

Schedule of Investments (Continued) — September 30, 2019 (Unaudited)

 

 

Principal
Amount

          

Market

Value

  
   CONVERTIBLE CORPORATE BONDS (Continued)

 

   Financial Services (Continued)

 

  $     344,000     

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

    $ 551,879  
     

 

 

  
            1,137,751  
     

 

 

  
   Health Care — 12.0%

 

  210,000     

Aerie Pharmaceuticals Inc.,
1.500%, 10/01/24(a)

      211,683  
  525,000     

Clovis Oncology Inc.,
4.500%, 08/01/24(a)

      396,476  
  1,000,000     

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

      1,242,600  
  495,000     

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

      581,487  
  835,000     

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

      904,973  
  500,000     

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

      346,250  
  

Insulet Corp.,

   
  800,000     

1.375%, 11/15/24

      1,473,762  
  700,000     

0.375%, 09/01/26(a)

      713,236  
  800,000     

Intercept Pharmaceuticals Inc.,
2.000%, 05/15/26

      723,000  
  750,000     

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

      630,166  
  215,000     

Invitae Corp.,
2.000%, 09/01/24(a)

      214,624  
  608,000     

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

      834,000  
  750,000     

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

      888,750  
  1,000,000     

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

      988,470  
  750,000     

Paratek Pharmaceuticals Inc.,
4.750%, 05/01/24

      549,726  
  200,000     

Repligen Corp.,
0.375%, 07/15/24

      198,750  
  750,000     

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

      558,910  
  1,250,000     

Supernus Pharmaceuticals Inc.,
0.625%, 04/01/23

      1,163,874  
  860,000     

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

      933,485  

Principal
Amount

          

Market

Value

  
   Teladoc Health Inc.,

 

  $     600,000     

3.000%, 12/15/22

    $ 1,026,937  
  300,000     

1.375%, 05/15/25

      445,389  
     

 

 

  
          15,026,548  
     

 

 

  
   Metals and Mining — 0.8%

 

  1,000,000     

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

      999,632  
     

 

 

  
   Semiconductors — 5.4%

 

  750,000     

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

      1,309,596  
  1,000,000     

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

      1,562,541  
  1,947,000     

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

      1,938,734  
  1,000,000     

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

      1,903,800  
     

 

 

  
        6,714,671  
     

 

 

  
   Telecommunications — 3.8%

 

  315,000     

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

      331,574  
  100,000     

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

      119,615  
  2,500,000     

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

      2,181,425  
  700,000     

Liberty Latin America Ltd.,
2.000%, 07/15/24(a)

      700,794  
  500,000     

Twilio Inc.,
0.250%, 06/01/23

      835,635  
  500,000     

Vocera Communications Inc.,
1.500%, 05/15/23

      525,407  
     

 

 

  
        4,694,450  
     

 

 

  
   Transportation — 0.7%

 

  1,000,000     

Atlas Air Worldwide Holdings Inc.,
1.875%, 06/01/24

      831,875  
     

 

 

  
   TOTAL CONVERTIBLE CORPORATE BONDS      72,686,029  
     

 

 

  

Shares

              
   CONVERTIBLE PREFERRED STOCKS — 2.4%

 

   Real Estate Investment Trusts — 2.1%

 

  21,700      QTS Realty Trust Inc., 6.500%, Ser. B      2,636,333  
     

 

 

  
   Telecommunications — 0.3%

 

  12,000      Cincinnati Bell Inc., 6.750%, Ser. B      389,999  
     

 

 

  
   TOTAL CONVERTIBLE PREFERRED STOCKS      3,026,332  
     

 

 

  
 

 

2

The Gabelli Convertible and Income Securities Fund Inc.

Schedule of Investments (Continued) — September 30, 2019 (Unaudited)

 

 

Shares

          

Market

Value

  
   MANDATORY CONVERTIBLE SECURITIES (b) — 15.9%

 

   Consumer Products — 0.4%

 

  4,650     

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

    $ 440,262  
     

 

 

  
   Diversified Industrial — 3.1%

 

      11,000     

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

      1,435,940  
  28,341     

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

      1,333,161  
  20,100     

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

      1,101,480  
     

 

 

  
            3,870,581  
     

 

 

  
   Energy and Utilities — 6.0%

 

  20,760     

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

      1,143,461  
  2,060     

Aqua America Inc.,
6.000%, 04/30/22

      124,836  
  33,000     

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

      1,724,580  
  9,250     

Dominion Energy Inc.,
7.250%, Ser. A, 06/01/22

      978,187  
  300     

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

      15,741  
  17,325     

NextEra Energy Inc.,
4.872%, 09/01/22

      869,195  
   Sempra Energy,

 

  5,163     

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

      610,267  
  5,000     

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

      588,300  
  26,875     

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

      1,388,631  
     

 

 

  
        7,443,198  
     

 

 

  
   Energy and Utilities: Integrated — 0.7%

 

  16,900     

The Southern Co.,
6.750%, 08/01/22

      904,319  
     

 

 

  
   Equipment and Supplies — 0.7%

 

  750     

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

      855,037  
     

 

 

  
   Financial Services — 0.9%

 

  9,324     

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

      1,165,686  
     

 

 

  
   Health Care — 1.5%

 

  8,060     

Avantor Inc.,
6.250%, Ser. A, 05/15/22

      432,741  

Shares

          

Market

Value

  
  22,646     

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

    $     1,402,014  
     

 

 

  
        1,834,755  
     

 

 

  
   Real Estate Investment Trusts — 1.7%

 

  1,727     

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

      2,179,768  
     

 

 

  
   Semiconductors — 0.9%

 

  1,085     

Broadcom Inc.,
8.000%, Ser. A, 09/30/22

      1,112,544  
     

 

 

  
  

TOTAL MANDATORY CONVERTIBLE SECURITIES

      19,806,150  
     

 

 

  
   COMMON STOCKS — 16.6%

 

   Automotive: Parts and Accessories — 0.4%

 

  5,000      Genuine Parts Co.      497,950  
     

 

 

  
   Building and Construction — 0.1%

 

  3,200      Herc Holdings Inc.†      148,832  
     

 

 

  
   Communications Equipment — 1.4%

 

  8,113      American Tower Corp., REIT      1,794,028  
     

 

 

  
   Computer Hardware — 0.4%

 

  3,000      International Business Machines Corp.      436,260  
     

 

 

  
   Computer Software and Services — 1.3%

 

  9,987     

Alibaba Group Holding Ltd., ADR†

      1,670,126  
     

 

 

  
   Consumer Products — 0.7%

 

  20,000     

Swedish Match AB

      827,099  
     

 

 

  
   Energy and Utilities — 1.1%

 

  1,000     

Chevron Corp.

      118,600  
  2,500     

Royal Dutch Shell plc, Cl. A, ADR

      147,125  
  30,000     

Severn Trent plc

      798,588  
    1,000,000     

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

      0  
  20,000     

The AES Corp.

      326,800  
     

 

 

  
        1,391,113  
     

 

 

  
   Equipment and Supplies — 0.2%

 

  6,500     

Mueller Industries Inc.

      186,420  
     

 

 

  
   Financial Services — 4.9%

 

  2,500     

American Express Co.

      295,700  
  5,500     

American International Group Inc.

      306,350  
  4,500     

Bank of America Corp.

      131,265  
  2,000     

Citigroup Inc.

      138,160  
  3,000     

JPMorgan Chase & Co.

      353,070  
  7,000     

Julius Baer Group Ltd.

      310,145  
  3,000     

Morgan Stanley

      128,010  
  9,500     

State Street Corp.

      562,305  
  20,000     

The Bank of New York Mellon Corp.

      904,200  
  14,000     

The PNC Financial Services Group Inc.

      1,962,240  
 

 

3

The Gabelli Convertible and Income Securities Fund Inc.

Schedule of Investments (Continued) — September 30, 2019 (Unaudited)

 

 

Shares

          

Market

Value

  
   COMMON STOCKS (Continued)

 

   Financial Services (Continued)

 

  20,000      Wells Fargo & Co.    $ 1,008,800  
     

 

 

  
        6,100,245  
     

 

 

  
   Food and Beverage — 0.5%

 

  5,000     

Maple Leaf Foods Inc.

      112,164  
  2,020     

Pernod Ricard SA

      359,759  
  1,500     

Remy Cointreau SA

      199,135  
     

 

 

  
        671,058  
     

 

 

  
   Health Care — 2.2%

 

  7,000     

Celgene Corp.†

      695,100  
  500     

Eli Lilly & Co.

      55,915  
  1,000,000     

Elite Pharmaceuticals Inc.†

      85,720  
  1,000     

Johnson & Johnson

      129,380  
  1,500     

Merck & Co. Inc.

      126,270  
  40,000     

Roche Holding AG, ADR

      1,458,000  
  2,200     

Spark Therapeutics Inc.†

      213,356  
     

 

 

  
        2,763,741  
     

 

 

  
   Hotels and Gaming — 0.5%

 

  7,000     

Ryman Hospitality Properties Inc., REIT

      572,670  
     

 

 

  
   Retail — 0.3%

 

  800     

Costco Wholesale Corp.

      230,488  
  7,500     

Hertz Global Holdings Inc.†

      103,800  
     

 

 

  
        334,288  
     

 

 

  
   Telecommunications — 1.1%

 

  1,200     

Swisscom AG

      591,914  
  13,500     

Verizon Communications Inc.

      814,860  
     

 

 

  
        1,406,774  
     

 

 

  
   Transportation — 0.1%

 

  1,000     

GATX Corp.

      77,530  
     

 

 

  
   Wireless Communications — 1.4%

 

  22,566     

T-Mobile US Inc.†

      1,777,524  
     

 

 

  
  

TOTAL COMMON STOCKS

      20,655,658  
     

 

 

  

Principal
Amount

              
   U.S. GOVERNMENT OBLIGATIONS — 6.8%

 

  $8,558,000     

U.S. Treasury Bills,
1.793% to 2.126%††,
10/17/19 to 12/26/19

      8,538,534  
     

 

 

  
  

TOTAL INVESTMENTS — 100.0%
(Cost $107,767,568)

    $ 124,712,703  
     

 

 

  

 

 

(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.

(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