NPORT-EX 2 GB28GBConvIncSecFdInc.htm HTML

The Gabelli Convertible and Income Securities Fund Inc.

Schedule of Investments — March 31, 2020 (Unaudited)

 

 

Principal
Amount

          

Market

Value

  
  

CONVERTIBLE CORPORATE BONDS — 60.1%

   
  

Aerospace — 2.8%

   
  $ 1,000,000     

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

    $     1,653,842  
  1,713,000     

Kaman Corp.,
3.250%, 05/01/24

      1,676,272  
     

 

 

  
        3,330,114  
     

 

 

  
  

Broadcasting — 0.5%

   
  588,000     

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

      556,363  
     

 

 

  
  

Business Services — 1.7%

   
  1,350,000     

Perficient Inc.,
2.375%, 09/15/23

      1,293,094  
  1,056,000     

Team Inc.,
5.000%, 08/01/23

      805,200  
     

 

 

  
        2,098,294  
     

 

 

  
  

Cable and Satellite — 1.4%

   
  2,000,000     

DISH Network Corp.,
3.375%, 08/15/26

      1,628,703  
     

 

 

  
  

Communications Equipment — 1.7%

   
  2,210,000     

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

      2,034,637  
     

 

 

  
  

Computer Software and Services — 19.6%

   
  1,015,000     

8x8 Inc.,
0.500%, 02/01/24.

      889,151  
  500,000     

Bandwidth Inc.,
0.250%, 03/01/26(a)

      484,516  
  500,000     

Blackline Inc.,
0.125%, 08/01/24(a)

      490,463  
  1,500,000     

Boingo Wireless Inc.,
1.000%, 10/01/23

      1,340,258  
  1,205,000     

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

      1,334,388  
  1,500,000     

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

      1,531,374  
  745,000     

CyberArk Software Ltd.,
Zero Coupon, 11/15/24(a)

      649,171  
  1,025,000     

Everbridge Inc.,
0.125%, 12/15/24(a)

      1,165,297  
  1,500,000     

Evolent Health Inc.,
1.500%, 10/15/25

      945,900  
  756,000     

GDS Holdings Ltd.,
2.000%, 06/01/25

      982,661  
  435,000     

i3 Verticals LLC,
1.000%, 02/15/25(a)

      347,758  
  1,750,000     

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

      1,603,381  
  620,000     

LivePerson Inc.,
0.750%, 03/01/24(a)

      571,427  

Principal
Amount

          

Market

Value

  
  $ 1,500,000     

MercadoLibre Inc.,
2.000%, 08/15/28

    $     1,959,375  
  315,000     

Nice Systems Inc.,
1.250%, 01/15/24

      556,566  
  1,500,000     

Okta Inc.,
0.125%, 09/01/25(a)

      1,439,063  
  251,000     

Pegasystems Inc.,
0.750%, 03/01/25(a)

      220,606  
  1,515,000     

Pluralsight Inc.,
0.375%, 03/01/24(a)

      1,121,479  
  1,565,000     

Proofpoint Inc.,
0.250%, 08/15/24(a)

      1,473,056  
  1,000,000     

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

      855,498  
  1,165,000     

Q2 Holdings Inc.,
0.750%, 06/01/26(a)

      1,043,662  
  920,000     

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

      786,600  
  1,000,000     

Splunk Inc.,
1.125%, 09/15/25

      1,107,500  
  750,000     

Workiva Inc.,
1.125%, 08/15/26(a)

      600,884  
     

 

 

  
        23,500,034  
     

 

 

  
  

Consumer Services — 1.7%

   
  1,500,000     

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

      1,661,250  
  655,000     

The Chefs’ Warehouse Inc.,
1.875%, 12/01/24(a)

      407,328  
     

 

 

  
        2,068,578  
     

 

 

  
  

Diversified Industrial — 1.3%

   
  600,000     

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

      471,914  
  1,000,000     

KBR Inc.,
2.500%, 11/01/23

      1,038,763  
     

 

 

  
        1,510,677  
     

 

 

  
  

Electronics — 1.5%

   
  1,800,000     

Knowles Corp.,
3.250%, 11/01/21

      1,857,375  
     

 

 

  
  

Energy and Utilities — 2.4%

   
  1,500,000     

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

      742,729  
  2,500,000     

SunPower Corp.,
4.000%, 01/15/23

      2,123,960  
     

 

 

  
        2,866,689  
     

 

 

  
  

Financial Services — 0.6%

   
  955,000     

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

      356,334  
 

 

1

The Gabelli Convertible and Income Securities Fund Inc.

Schedule of Investments (Continued) — March 31, 2020 (Unaudited)

 

 

Principal
Amount

          

Market

Value

  
  

CONVERTIBLE CORPORATE BONDS (Continued)

 

  

Financial Services (Continued)

   
  $   344,000     

LendingTree Inc.,
0.625%, 06/01/22

    $        377,488  
     

 

 

  
        733,822  
     

 

 

  
  

Health Care — 14.0%

   
  510,000     

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

      458,728  
  215,000     

Bridgebio Pharma Inc.,
2.500%, 03/15/27(a)

      206,153  
  1,000,000     

Collegium Pharmaceutical Inc.,
2.625%, 02/15/26

      915,528  
  1,000,000     

CONMED Corp.,
2.625%, 02/01/24

      930,663  
  495,000     

DexCom Inc.,
0.750%, 12/01/23

      866,572  
  1,635,000     

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

      1,381,940  
  250,000     

Inovio Pharmaceuticals Inc.,
6.500%, 03/01/24

      374,219  
  1,500,000     

Insulet Corp.,
0.375%, 09/01/26(a)

      1,523,044  
  1,000,000     

Integra LifeSciences Holdings
Corp., 0.500%, 08/15/25(a)

      888,582  
  800,000     

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

      692,632  
  750,000     

Invacare Corp.,
4.500%, 06/01/22

      682,158  
  35,000     

NanoString Technologies Inc.,
2.625%, 03/01/25(a)

      30,179  
  608,000     

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

      782,205  
  1,000,000     

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

      966,216  
  750,000     

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

      584,100  
  200,000     

Repligen Corp.,
0.375%, 07/15/24

      211,683  
  750,000     

Retrophin Inc.,
2.500%, 09/15/25

      592,048  
  1,250,000     

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

      1,009,974  
  1,110,000     

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

      1,088,494  

Principal
Amount

          

Market

Value

  
  $   900,000     

Teladoc Health Inc.,
1.375%, 05/15/25

    $     2,620,203  
     

 

 

  
        16,805,321  
     

 

 

  
  

Real Estate Investment Trusts — 1.5%

   
  2,000,000     

Arbor Realty Trust Inc.,
4.750%, 11/01/22(a)

      1,750,089  
     

 

 

  
  

Semiconductors — 2.3%

   
  1,947,000     

Rambus Inc.,
1.375%, 02/01/23

      1,888,656  
  500,000     

Teradyne Inc.,
1.250%, 12/15/23

      896,250  
     

 

 

  
        2,784,906  
     

 

 

  
  

Telecommunications — 6.4%

   
  100,000     

Gogo Inc.,
6.000%, 05/15/22

      70,912  
  1,000,000     

Harmonic Inc.,
2.000%, 09/01/24(a)

      984,535  
  

Infinera Corp.,

   
  2,500,000     

2.125%, 09/01/24

      2,107,655  
  215,000     

2.500%, 03/01/27(a)

      196,696  
  700,000     

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

      560,437  
  1,500,000     

Lumentum Holdings Inc., Ser. QIB,
0.500%, 12/15/26(a)

      1,530,000  
  435,000     

PAR Technology Corp.,
2.875%, 04/15/26(a)

      319,737  
  500,000     

Twilio Inc.,
0.250%, 06/01/23

      700,133  
  1,250,000     

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

      1,241,406  
     

 

 

  
        7,711,511  
     

 

 

  
  

Transportation — 0.7%

   
  1,000,000     

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

      827,500  
     

 

 

  
  

TOTAL CONVERTIBLE CORPORATE BONDS

      72,064,613  
     

 

 

  

Shares

              
  

CONVERTIBLE PREFERRED STOCKS — 2.8%

 

  

Real Estate Investment Trusts — 2.3%

   
  21,700     

QTS Realty Trust Inc., 6.500%, Ser. B

      2,789,752  
     

 

 

  
  

Telecommunications — 0.5%

   
  12,000     

Cincinnati Bell Inc., 6.750%, Ser. B

      528,600  
     

 

 

  
  

TOTAL CONVERTIBLE PREFERRED STOCKS

      3,318,352  
     

 

 

  
 

 

2

The Gabelli Convertible and Income Securities Fund Inc.

Schedule of Investments (Continued) — March 31, 2020 (Unaudited)

 

 

Shares

          

Market

Value

  
  

MANDATORY CONVERTIBLE SECURITIES (b) — 14.7%

 

  

Consumer Products — 0.2%

   
  3,650     

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

    $        247,835  
     

 

 

  
  

Diversified Industrial — 2.1%

   
  11,000     

Colfax Corp.,
5.750%, 01/15/22

      1,010,240  
  28,341     

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

      1,081,776  
  5,425     

Stanley Black & Decker Inc.,
5.250%, 11/15/22

      379,533  
     

 

 

  
        2,471,549  
     

 

 

  
  

Energy and Utilities — 6.4%

   
  17,438     

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

      841,383  
  33,000     

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

      950,400  
  9,250     

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

      851,093  
  25,300     

DTE Energy Co.,
6.250%, 11/01/22

      952,798  
  300     

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

      12,900  
  2,060     

Essential Utilities Inc.,
6.000%, 04/30/22

      110,334  
  

NextEra Energy Inc.,

   
  32,325     

4.872%, 09/01/22

      1,530,265  
  17,400     

5.279%, 03/01/23

      767,166  
  

Sempra Energy,

   
  5,163     

6.000%, Ser. A, 01/15/21

      477,681  
  5,000     

6.750%, Ser. B, 07/15/21

      469,650  
  16,900     

The Southern Co.,
6.750%, 08/01/22

      750,360  
     

 

 

  
        7,714,030  
     

 

 

  
  

Equipment and Supplies — 0.7%

   
  750     

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

      774,863  
     

 

 

  
  

Financial Services — 0.8%

   
  9,324     

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

      992,819  
     

 

 

  
  

Health Care — 1.1%

   
  12,060     

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

      522,922  

Shares

          

Market

Value

  
  19,990     

Elanco Animal Health Inc.,
5.000%, 02/01/23.

    $        822,389  
     

 

 

  
        1,345,311  
     

 

 

  
  

Real Estate Investment Trusts — 1.8%

   
  1,727     

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

      2,158,750  
     

 

 

  
  

Semiconductors — 1.6%

   
  2,085     

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

      1,948,141  
     

 

 

  
  

TOTAL MANDATORY CONVERTIBLE SECURITIES

      17,653,298  
     

 

 

  
  

COMMON STOCKS — 14.9%

   
  

Automotive: Parts and Accessories — 0.3%

   
  5,000     

Genuine Parts Co.

      336,650  
     

 

 

  
  

Building and Construction — 0.1%

   
  4,000     

Herc Holdings Inc.†

      81,840  
     

 

 

  
  

Communications Equipment — 1.5%

   
  8,113     

American Tower Corp., REIT

      1,766,606  
     

 

 

  
  

Computer Hardware — 0.3%

   
  3,000     

International Business Machines Corp.

      332,790  
     

 

 

  
  

Computer Software and Services — 1.4%

   
  8,987     

Alibaba Group Holding Ltd., ADR†

      1,747,792  
     

 

 

  
  

Consumer Products — 0.9%

   
  20,000     

Swedish Match AB

      1,148,339  
     

 

 

  
  

Energy and Utilities — 1.6%

   
  4,017     

Bristow Group Inc.†(c)

      146,098  
  515,000     

Bristow Group Inc., Escrow†(c)

      0  
  5,632     

Bristow Group Inc., New York†(c)

      204,836  
  1,000     

Chevron Corp.

      72,460  
  2,500     

Royal Dutch Shell plc, Cl. A, ADR

      87,225  
  30,000     

Severn Trent plc

      849,594  
  15,000     

Tallgrass Energy LP, Cl. A

      246,900  
  1,000,000     

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

      0  
  20,000     

The AES Corp.

      272,000  
     

 

 

  
        1,879,113  
     

 

 

  
  

Equipment and Supplies — 0.1%

   
  5,500     

Mueller Industries Inc.

      131,670  
     

 

 

  
  

Financial Services — 3.4%

   
  2,500     

American Express Co.

      214,025  
  3,000     

American International Group Inc.

      72,750  
  4,500     

Bank of America Corp.

      95,535  
  2,000     

Citigroup Inc.

      84,240  
  2,000     

JPMorgan Chase & Co.

      180,060  
  7,000     

Julius Baer Group Ltd.

      240,218  
 

 

3

The Gabelli Convertible and Income Securities Fund Inc.

Schedule of Investments (Continued) — March 31, 2020 (Unaudited)

 

 

Shares

          

Market

Value

  
  

COMMON STOCKS (Continued)

   
  

Financial Services (Continued)

   
  3,000     

Morgan Stanley

    $        102,000  
  9,500     

State Street Corp.

      506,065  
  20,000     

The Bank of New York Mellon Corp.

      673,600  
  13,500     

The PNC Financial Services Group Inc.

      1,292,220  
  20,000     

Wells Fargo & Co.

      574,000  
     

 

 

  
        4,034,713  
     

 

 

  
  

Food and Beverage — 0.5%

   
  6,000     

Maple Leaf Foods Inc.

      108,804  
  2,020     

Pernod Ricard SA

      288,396  
  1,500     

Remy Cointreau SA

      164,856  
     

 

 

  
        562,056  
     

 

 

  
  

Health Care — 1.8%

   
  4,000     

Bristol-Myers Squibb Co.

      222,960  
  980,000     

Elite Pharmaceuticals Inc.†

      70,560  
  1,000     

Johnson & Johnson

      131,130  
  1,500     

Merck & Co. Inc.

      115,410  
  40,000     

Roche Holding AG, ADR

      1,622,800  
     

 

 

  
        2,162,860  
     

 

 

  
  

Hotels and Gaming — 0.2%

   
  5,300     

Ryman Hospitality Properties Inc., REIT

      190,005  
     

 

 

  
  

Retail — 0.2%

   
  800     

Costco Wholesale Corp.

      228,104  
  5,000     

Hertz Global Holdings Inc.†

      30,900  
     

 

 

  
        259,004  
     

 

 

  
  

Telecommunications — 1.0%

   
  1,000     

Swisscom AG

      540,468  
  13,500     

Verizon Communications Inc.

      725,355  
     

 

 

  
        1,265,823  
     

 

 

  
  

Transportation — 0.0%

   
  1,000     

GATX Corp.

      62,560  
     

 

 

  

Shares

          

Market

Value

  
  

Wireless Communications — 1.6%

   
  22,566     

T-Mobile US Inc.†

    $ 1,893,287  
     

 

 

  
  

TOTAL COMMON STOCKS

      17,855,108  
     

 

 

  
  

PREFERRED STOCKS — 0.0%

   
  

Energy and Utilities — 0.0%

   
  699     

Bristow Group Inc., 10.00%(c)

      25,423  
     

 

 

  

Principal
Amount

              
  

U.S. GOVERNMENT OBLIGATIONS — 7.5%

   
  $8,970,000     

U.S. Treasury Bills,

   
  

0.019% to 1.633%††,

   
  

04/16/20 to 09/10/20

      8,968,871  
     

 

 

  
  

TOTAL INVESTMENTS — 100.0%
(Cost $119,040,226)

    $ 119,885,665  
     

 

 

  

 

(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