# EDGAR Filing Document

**Accession Number:** 0000877670
**File Stem:** 0001752724-23-050020
**Filing Date:** 2023-3
**Character Count:** 105117
**Document Hash:** 2429f3ec20fb6aa36c4159d40bcf582d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-050020.hdr.sgml**: 20230301

**ACCESSION NUMBER**: 0001752724-23-050020

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221230

**FILED AS OF DATE**: 20230301

**DATE AS OF CHANGE**: 20230301

**PERIOD START**: 20230930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** GABELLI EQUITY SERIES FUNDS INC
- **CENTRAL INDEX KEY:** 0000877670
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06367
- **FILM NUMBER:** 23692235

**BUSINESS ADDRESS:**
- **STREET 1:** ONE CORPORATE CENTER
- **CITY:** RYE
- **STATE:** NY
- **ZIP:** 10580
- **BUSINESS PHONE:** 2123098448

**MAIL ADDRESS:**
- **STREET 1:** ONE CORPORATE CENTER
- **CITY:** RYE
- **STATE:** NY
- **ZIP:** 10580

## Series and Classes Contracts Data

### THE GABELLI EQUITY INCOME FUND (Series ID: S000001061)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000002850 | CLASS A      | GCAEX           |
| C000002851 | CLASS AAA    | GABEX           |
| C000002853 | CLASS C      | GCCEX           |
| C000061072 | Class I      | GCIEX           |

## Nport-Ex

# **The Gabelli Equity Income Fund**
**Schedule of Investments - December 31, 2022 (Unaudited)**

| Shares | Market Value | Shares | Market Value |
| --- | --- | --- | --- |
| COMMON STOCKS- 94.0% |  | 37,000 Microsoft Corp. | $8,873,340 |
| Aerospace- 0.6% |  |  | 10,309,740 |
| 4,000 Aerojet Rocketdyne Holdings Inc.† | $223,730 |  |  |
| 1,000 Lumbered Mfg. Corp. | 972,980 |  |  |
|  | 2,112,074 | 5,500 Consumer Products- 1.3% |  |
|  | 3,308,774 | 49,500 Edgewell Personal Care Co. | 211,970 |
|  |  | 49,500 Energizer Holdings Inc. | 1,660,725 |
|  |  | 30,000 Essky AB, Cl. A. | 781,995 |

**The Gabelli Equity Income Fund**

1

2

# **Schedule of Investments (Continued) - December 31, 2022 (Unaudited)**

| Agriculture- 1.0% | Market | 1,000 | National Pre,Thru Industries Inc. | Market |
| --- | --- | --- | --- | --- |
| 50,000 | Archer-Dorets-Midland Co. | 4,000 | Reddit Benckiser Group plc | 4,000 |
| 20,000 | The Moose Co. | 488,635 | Unilever plc, AOR | 2,054,000 |
|  | COMMON STOCKS(Continued) | 5,103,135 | 12,000 | BNP Paribas SA |
|  | Energy and Utilities: Natural Gas (Continued) |  | 35,000 | Credit Suisse Group AG |
| 50,000 | Automotive- 0.3% | $3,676,300 | 40,000 | Commercial Services Group Inc., Cl. A |
| 20,000 | Electricity- Gas Holdings Inc. | 1,000 | 1,000 | American Financial Group Inc. |
|  | Automotive: Parts and Accessories- 5.7% | 11,889,330 | 14,000 | Phillip Morris Inc. |
| 75,000 | Energy and Utilities: Oil- 3.9% | 1,134,750 | 51,000 | Johnson Chase & Co. |
|  |  |  | 21,000 | Julius Beer Group Ltd. |
|  |  |  |  | Kimberly AB, Cl. A1 |
|  |  |  |  | 290,201 |

---

# Schedule of Investments (Continued) - December 31, 2022 (Unaudited)[{"box_2d": [31, 56, 630, 141], "label": "table", "caption": "

| 10,000 | Calvin & P. Co. Co. (Continued) | 10,000,000 | Diversified Industrial - 5.9% | Market |
| --- | --- | --- | --- | --- |
| 40,000 | Chevron Corp. | 10,000,000 | 10,000,000 | 10,000,000 |
| 4,500 | Deutsche Bank | 10,000,000 | 10,000,000 | 10,000,000 |
| 5,000 | Deutsche Bank (Continued) | 1,100,000 | 10,000,000 | 10,000,000 |
| 10,000 | Deutsche Bank (Continued) | 1,100,000 | 10,000,000 | 10,000,000 |
| 10,000 | Deutsche Bank (Continued) | 1,100,000 | 10,000,000 | 10,000,000 |
| 10,000 | Deutsche Bank (Continued) | 1,100,000 | 10,000,000 | 10,000,000 |
| 10,000 | Deutsche Bank (Continued) | 1,100,000 | 10,000,000 | 10,000,000 |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |
| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |
| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |
| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |
| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

| 10,000 | Deutsche Bank (Continued) | 10,000,000 | 10,000,000 | 10,000,000 |
| --- | --- | --- | --- | --- |

<table><tr><td>10,000</td><td>Deutsche Bank (Continued)</td><td>10,000,000</td><td>10,000,000</td><td>10,000,000</td></tr></tabletable><table><tr><td>10,000</td><td>Deutsche Bank (Continued)</td><td>10,000,000</td><td>10,000,000</td><td>10,000,000</td></tr></tabletable><table><tr><td>10,000</td><td>Deutsche Bank (Continued)</td><td>10,000,000</td><td>10,000,000</td><td>10,000,000</td></tr></tabletable><table><tr><td>10,000</td><td>Deutsche Bank (Continued)</td><td>10,000,000</td><td>10,000,000</td><td>10,000,000</td></tr></tabletable><table><tr><td>10,000</td><td>Deutsche Bank (Continued)</td><td>10,000,000</td><td>10,000,000</td><td>10,000,000</td></tr></tabletable><table><tr><td>10,000</td><td>Deutsche Bank (Continued)</td><td>10,000,000</td><td>10,000,000</td><td>10,000,000</td></tr></tabletable><table><tr><td>10,000</td><td>Deutsche Bank (Continued)</td><td>10,000,000</td><td>10,000,000</td><td>10,000,000</td></tr></tabletable><table><tr><td>10,000</td><td>Deutsche Bank (Continued)</td><td>10,000,000</td><td>10,000,000</td><td>10,000,000</td></tr></tabletable><table><tr><td>10,000</td><td>Deutsche Bank (Continued)</td><td>10,000,000</td><td>10,000,000</td><td>10,000,000</td></tr></tabletable><table><tr><td>10,000</td><td>Deutsche Bank (Continued)</td><td>10,000,000</td><td>10,000,000</td><td>10,000,000</td></tr></tabletable><table><tr><td>10,000</td><td>Deutsche Bank (Continued)</td><td>10,000,000</td><td>10,000,000</td><td>10,000,000</td></tr></tabletabletable><tr><td>10,000</td><td>Deutsche Bank (Continued)</td><td>10,000,000</td><td>10,000,000</td><td>10,000,000</td></tr></tabletabletable><tr><td>10,000</td><td>Deutsche Bank (Continued)</td><td>10,000,000</td><td>10,000,000</td><td>10,000,000</td></tr></tabletabletable><tr><td>10,000</td><td>Deutsche Bank (Continued)</td><td>10,000,000</td><td>10,000,000</td><td>10,000,000</td></tr></tabletabletable><tr><td>10,000</td><td>Deutsche Bank (Continued)</td><td>10,000,000</td><td>10,000,000</td><td>10,000,000</td></tr></tabletabletable><tr><td>10,000</td><td>Deutsche Bank (Continued)</td><td>10,000,000</td><td>10,000,000</td><td>10,000,000</td></tr></tabletabletable><tr><td>10,000</td><td>Deutsche Bank (Continued)</td><td>10,000,000</td><td>10,000,000</td><td>10,000,000</td></tr></tabletable

# **Schedule of Investments (Continued) - December 31, 2022 (Unaudited)**

| 28,000 | Finable Brands, Innovations, Inc. | 2,000,000 | 252,000 | City Bank of New York Mellon Corp. | 23,500,000 |
| --- | --- | --- | --- | --- | --- |
| 2,000 | Equity and Utilities Services - 0.7% | 2,000,000 | 180,000 | Equity and Utilities Services - 1.0% | 5,100,000 |
| 2,000 | Equity and Utilities Services - 0.7% | 2,000,000 | 180,000 | Equity and Utilities Services - 1.0% | 5,100,000 |
| 27,000 | Equity and Utilities Services - 0.7% | 2,000,000 | 180,000 | Equity and Utilities Services - 1.0% | 5,100,000 |
| 28,000 | Equity and Utilities Services - 0.7% | 2,000,000 | 180,000 | Equity and Utilities Services - 1.0% | 5,100,000 |
| 28,000 | Equity and Utilities Services - 0.7% | 2,000,000 | 180,000 | Equity and Utilities Services - 1.0% | 5,100,000 |
| $31,000 | Equity and Utilities Services - 0.7% | 2,000,000 | 180,000 | Equity and Utilities Services - 1.0% | 5,100,000 |
| 30,000 | Equity and Utilities Services - 0.7% | 2,000,000 | 180,000 | Equity and Utilities Services - 1.0% | 5,100,000 |
| 30,000 | Equity and Utilities Services - 0.7% | 2,000,000 | 180,000 |  |  |
| 30,000 | Equity and Utilities Services - 0.7% | 2,000,000 | 180,000 |  |  |
| 30,000 | Equity and Utilities Services - 0.7% | 2,000,000 | 180,000 |  |  |
| 30,000 | Equity and Utilities Services - 0.7% |  |  |  |  |

# **The Gabelli Equity Income Fund**

4

| 10,000 | INCOME STATEMENT 240 | $572,000,000 | 48,500 | TE Connectivity Ltd | 5,567,800 |
| --- | --- | --- | --- | --- | --- |
| 10,000 | INCOME TAX 1.0% | 1,000,000 | 192,000 | Telecommunications Corp. - Cl. 3.5% | 22,004,500 |
| 10,000 | Cash and cash equivalents - 1.2% | 5,000,000 | 184,000 | Disputes Group Co. | 4,000,000 |
| (a) | Monthly486,000,000,000,000,000 required to be converted to a 1.0% | 1,000,000 | 188,000 | Cross-Can Services AG, Pabstons, plc | 1,001,000 |
|  | Commodity contracts with the following items to these items: 1.0% | 1,000,000 | 10,000 | Cross-Can Services AG, Pabstons, plc | 178,500 |
|  | Commodity contracts with the following items to these items: 1.0% | 1,000,000 | 4,000 | Cross-Can Services AG, Pabstons, plc | 1,000,000 |
| † | Commodity contracts with the following items to these items: 1.0% | 1,000,000 | 4,000 | Cross-Can Services AG, Pabstons, plc | 1,000,000 |
| † | Commodity contracts with the following items to these items: 1.0% | 1,000,000 | 4,000 | Cross-Can Services AG, Pabstons, plc | 1,000,000 |
| † | Commodity contracts with the following items to these items: 1.0% | 1,000,000 | 4,000 | Cross-Can Services AG, Pabstons | 1,000,000 |
| † | Commodity contracts with the following items to these items: 1.0% | 1,000,000 | 4,000 | Cross-Can Services AG, Pabstons, plc | 1,000,000 |
| † | Commodity contracts with the following items to these items: 1.0% | 1,000,000 | 4,000 | Cross-Can Services AG | 1,000,000 |
| † | Commodity contracts with the following items to these items: 1.0% | 1,000,000 | 4,000 | Cross-Can Services AG, Pabstons, plc | 1,000,000 |
| † | Commodity contracts with the following items to these items: 1.0% | 1,000,000 | 4,000 | Cross-Can Services AG | 1,000,000 |

| 7,500 | Environmental Services- 0.2% | 2,951,410 | 180,000 | Various: Commercial Medicine, SAB de Cx | 6,304,000 |
| --- | --- | --- | --- | --- | --- |
| 22,000 | Hotels and Gaming- 0.1% | 987,425 |  | Energy and Utilities: Integrated- 0.7% | 16,998,960 |
| 41,000 | Commercial and Equipment- 0.3% | 402,360 | 58,000 | Energy, Service- 2.0% | 583,000 |
| 6,000 | Equipment and Supplies- 4.7% | 1,344,480 | 1,700,000 | Environmental Services, SAB de Cx, CL.A. | 12,138,662 |
| 14,000 | Computer Software- 1.6% | 254,500 | 58,000 | Healthcare, NA, ADM | 6,748,000 |
| 19,000 | Computer Data | 3,113,000 | 137,000 | Healthcare Communications- 0.1% | 3,051,250 |
| 25,000 | Machinery- 4.3% | 3,047,000 | 49,000 | Computer, CL.A. | 1,000,000 |
| 104,000 | Computer Business Machines Corp. | 2,911,000 | 12,000 | Computer, NA, NA | 50,000 |
| 30,000 | Direct Inc. | 6,381,000 | 6,000 | Energy and Utilities: National Gas- 0.3% | 50,000 |
| 30,000 | Innovative Technologies Inc. | 1,493,000 | 82,000 | Computer, NA, NA | 50,000 |
| 40,000 | Computer Software and Services- 1.9% | 10,122,000 | 182,000 | Industrial Fuel Gas Co. | 6,078,000 |

| 125,000 | Mueller Industries, Inc. | 7,275,000 | 31,000 | Monterey International Inc., C.I.A. | 2,000,000 |
| --- | --- | --- | --- | --- | --- |
| 25,000 | Missouri Foods, Inc. | 1,500,000 | 31,000 | NAVAL COMMON STOCKS | 500,000,000 |
| 6,500 | Kytem Inc. | 25,000,000 | 54,000 | Nissan Foods Holdings Co. Ltd. | 4,287,412 |
|  |  | 25,000,000 | 31,000 | MANDATORY CONVERTIBLES SECURITIES (a) | 5,000,000 |
|  | Financial Services- 13.3% | 2,366,423 | 23,800 | Refineries, Inc. 0.1% | 4,681,345 |
| 20,000 | Metals and Mining- 1.8% | 653,000 | 31,000 | Business, Inc. Inc. Ger. A. | 5,263,521 |
| 20,000 | American Brands, Inc. | 3,000,000 | 30,000 | Supplies, Inc. 0.1% | 940,998 |
| 20,000 | American Express, Inc. | 2,951,200 | 10,000 | Supplies, Inc. 0.1% | 636,108 |
| 130,000 | American Corp. | 6,401,800 | 1,000 | The Coca-Cola Co. | 231,570 |
| 20,000 | Arctic Sanitary | 9,467,800 |  | WARRANTS- 0.0% |  |
| 3,700 | Argo Group International Holdings Ltd. | 95,646 |  | The444,000 Co. |  |
| 5,195 | Bank of America, AOR | 82,289 |  |  |  |

| 125,000 | Wales of the Area Corp. | 4,150,000 |
| --- | --- | --- |
| Real Estate Investment Trusts- 0.5% |  |  |
| 7,800 | Indus Realty Trust Inc., REIT. | 495,222 |
| 63,000 | Weyerhaeuser Co. | 1,953,000 |
|  |  | 2,448,222 |
| Retail- 4.5% |  |  |
| 14,000 | Cie Financiere Richemont SA, CL A | 1,815,390 |
| 44,000 | Copart Inc.† | 2,709,605 |

| Retail- 0.5% |  |  |
| --- | --- | --- |
| 50,000 | Cie Kraft Foods Co. | 2,035,500 |
| 28,000 | Cie Financiere Richemont SA, expre | 23,317 |
|  | 11/22/23† |  |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Gabelli Equity Series Funds Inc

- **b. Investment Company Act file number:** 811-06367

- **c. CIK number of Registrant:** 0000877670

- **d. LEI of Registrant:** 5493007J8TJQ0MSHWY40

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** One Corporate Center

  - **City:** Rye

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10580-1422

  - **Telephone number:** 1-800-422-3554

**Item A.2. Information about the Series.**

- **a. Name of Series:** The Gabelli Equity Income Fund

- **b. EDGAR series identifier (if any):** S000001061

- **c. LEI of Series:** 549300MR25KFQOQM9O54

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2023-09-30

- **b. Date as of which information is reported:** 2022-12-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $534573397.13

**Total Liabilities:** $1168569.41

**Net Assets:** $533404827.72

**Cash Not Reported:** $25613.52

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000061072 | 9.63%                | 7.30%                | -4.16%               |
| Class ID C000002851 | 9.66%                | 7.20%                | -4.08%               |
| Class ID C000002853 | 9.72%                | 7.19%                | -4.19%               |
| Class ID C000002850 | 9.69%                | 7.21%                | -4.15%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $3503732.41              | $43227765.28                               |
| Month 2  | $32811071.52             | $4696965.19                                |
| Month 3  | $977309.60               | $-24768066.86                              |

### Schedule of Portfolio Investments

| Name                           | Title                                    | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Rollins Inc                    | Rollins Inc                              | CUSIP: 775711104<br>LEI: 549300F2A0BXT4SGWD84 | Long             | EC               | CORP              | US        |     14000 | NS      | $511560.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Brown-Forman Corp              | Brown-Forman Corp                        | CUSIP: 115637100<br>LEI: 549300873K3LXF7ARU34 | Long             | EC               | CORP              | US        |    197600 | NS      | $12994176.00  | 2.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Otis Worldwide Corp            | Otis Worldwide Corp                      | CUSIP: 68902V107<br>LEI: 549300ZLBKR8VSU25153 | Long             | EC               | CORP              | US        |      9000 | NS      | $704790.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Campbell Soup Co               | Campbell Soup Co                         | CUSIP: 134429109<br>LEI: 5493007JDSMX8Z5Z1902 | Long             | EC               | CORP              | US        |     34000 | NS      | $1929500.00   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Eni SpA                        | Eni SpA                                  | CUSIP: 000000000<br>LEI: BUCRF72VH5RBN7X3VL35 | Long             | EC               | CORP              | IT        |     21000 | NS      | $298661.97    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| SLM Corp                       | SLM Corp                                 | CUSIP: 78442P106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     64000 | NS      | $1062400.00   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| BCE Inc                        | BCE Inc                                  | CUSIP: 05534B760<br>LEI: 5493001I9203PRB5KR45 | Long             | EC               | CORP              | CA        |    105000 | NS      | $4614750.00   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Seven & i Holdings Co Ltd      | Seven & i Holdings Co Ltd                | CUSIP: 000000000<br>LEI: 52990037G8JRM3TWGY86 | Long             | EC               | CORP              | JP        |     67000 | NS      | $2889515.39   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| nVent Electric PLC             | nVent Electric PLC                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | GB        |     22000 | NS      | $846340.00    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Brands Inc       | Constellation Brands Inc                 | CUSIP: 21036P108<br>LEI: 5493005GKEG8QCVY7037 | Long             | EC               | CORP              | US        |      5400 | NS      | $1251450.00   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| EchoStar Corp                  | EchoStar Corp                            | CUSIP: 278768106<br>LEI: 549300EE20907QZ9GT38 | Long             | EC               | CORP              | US        |     15000 | NS      | $250200.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Webster Financial Corp         | Webster Financial Corp                   | CUSIP: 947890109<br>LEI: KMRURHT0VWKYS6Z5KU67 | Long             | EC               | CORP              | US        |    117500 | NS      | $5562450.00   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| CIE FINANCIERE RICHEMO-A REG   | CIE FINANCIERE RICHEMO-CW                | CUSIP: 000000000<br>LEI: 549300YIPGJ6UX2QPS51 | Long             | EC               | CORP              | CH        |     28000 | NS      | $23316.93     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Trinity Industries Inc         | Trinity Industries Inc                   | CUSIP: 896522109<br>LEI: R1JB4KXN77XFCXOQKV49 | Long             | EC               | CORP              | US        |     22000 | NS      | $650540.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Pernod Ricard SA               | Pernod Ricard SA                         | CUSIP: 000000000<br>LEI: 52990097YFPX9J0H5D87 | Long             | EC               | CORP              | FR        |     23800 | NS      | $4681345.46   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Cie Financiere Richemont SA    | Cie Financiere Richemont SA              | CUSIP: 000000000<br>LEI: 549300YIPGJ6UX2QPS51 | Long             | EC               | CORP              | CH        |     14000 | NS      | $1815389.61   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Ashland Inc                    | Ashland Inc                              | CUSIP: 044186104<br>LEI: 529900E4L9R04SB8HB11 | Long             | EC               | CORP              | US        |      2500 | NS      | $268825.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| American Express Co            | American Express Co                      | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |     19000 | NS      | $2807250.00   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Lockheed Martin Corp           | Lockheed Martin Corp                     | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |      2000 | NS      | $972980.00    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| ConocoPhillips                 | ConocoPhillips                           | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |      4500 | NS      | $531000.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Toray Industries Inc           | Toray Industries Inc                     | CUSIP: 000000000<br>LEI: 35380099TCYR5FHT0A11 | Long             | EC               | CORP              | JP        |    150000 | NS      | $841892.72    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| PNC Financial Services Group I | PNC Financial Services Group Inc/The     | CUSIP: 693475105<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EC               | CORP              | US        |     24300 | NS      | $3837942.00   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Halliburton Co                 | Halliburton Co                           | CUSIP: 406216101<br>LEI: ENYF8GB5SMQZ25S06U51 | Long             | EC               | CORP              | US        |     84000 | NS      | $3305400.00   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Danone SA                      | Danone SA                                | CUSIP: 000000000<br>LEI: 969500KMUQ2B6CBAF162 | Long             | EC               | CORP              | FR        |     35000 | NS      | $1844438.87   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Global PLC             | Liberty Global PLC                       | CUSIP: 000000000<br>LEI: 549300BSGXG3QLIQYT84 | Long             | EC               | CORP              | GB        |     59000 | NS      | $1116870.00   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Hewlett Packard Enterprise Co  | Hewlett Packard Enterprise Co            | CUSIP: 42824C109<br>LEI: 549300BX44RGX6ANDV88 | Long             | EC               | CORP              | US        |     90000 | NS      | $1436400.00   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Callon Petroleum Co            | Callon Petroleum Co                      | CUSIP: 13123X508<br>LEI: 549300EFOWPEB0WLZW21 | Long             | EC               | CORP              | US        |      6000 | NS      | $222540.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| National Fuel Gas Co           | National Fuel Gas Co                     | CUSIP: 636180101<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | EC               | CORP              | US        |    105500 | NS      | $6678150.00   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| McCormick & Co Inc/MD          | McCormick & Co Inc/MD                    | CUSIP: 579780107<br>LEI: 549300JQQA6MQ4OJP259 | Long             | EC               | CORP              | US        |      4000 | NS      | $328680.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Henry Schein Inc               | Henry Schein Inc                         | CUSIP: 806407102<br>LEI: VGO3WGL8H45T73F4RR92 | Long             | EC               | CORP              | US        |     29700 | NS      | $2372139.00   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson Controls International | Johnson Controls International plc       | CUSIP: 000000000<br>LEI: 549300XQ6S1GYKGBL205 | Long             | EC               | CORP              | US        |     47500 | NS      | $3040000.00   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| NewMarket Corp                 | NewMarket Corp                           | CUSIP: 651587107<br>LEI: 54930082CG88ERDREQ47 | Long             | EC               | CORP              | US        |      2000 | NS      | $622220.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Bio-Rad Laboratories Inc       | Bio-Rad Laboratories Inc                 | CUSIP: 090572207<br>LEI: 549300ZC1GPV35XYDK53 | Long             | EC               | CORP              | US        |      4400 | NS      | $1850156.00   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Fomento Economico Mexicano SAB | Fomento Economico Mexicano SAB de CV     | CUSIP: 344419106<br>LEI: 549300A8MDWDJNMLV153 | Long             | EC               | CORP              | MX        |     81500 | NS      | $6366780.00   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS Health Corp                | CVS Health Corp                          | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |     86100 | NS      | $8023659.00   | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill              | CUSIP: 912796YA1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  28635000 | PA      | $28492775.40  | 5.34%             | 2023-02-16      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| HB Fuller Co                   | HB Fuller Co                             | CUSIP: 359694106<br>LEI: JSMX3Z5FOYM8V0Q52357 | Long             | EC               | CORP              | US        |     43000 | NS      | $3079660.00   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Demant A/S                     | Demant A/S                               | CUSIP: 000000000<br>LEI: 213800RM6L9LN78BVA56 | Long             | EC               | CORP              | DK        |     69500 | NS      | $1926386.97   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| DISH Network Corp              | DISH Network Corp                        | CUSIP: 25470M109<br>LEI: 529900U350CWHH15G169 | Long             | EC               | CORP              | US        |    129000 | NS      | $1811160.00   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp               | Exxon Mobil Corp                         | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |     12000 | NS      | $1323600.00   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Europacific Partners | Coca-Cola Europacific Partners PLC       | CUSIP: 000000000<br>LEI: 549300LTH67W4GWMRF57 | Long             | EC               | CORP              | GB        |     19000 | NS      | $1051080.00   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot Inc/The             | Home Depot Inc/The                       | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |      3000 | NS      | $947580.00    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill              | CUSIP: 912796T33<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    675000 | PA      | $670942.51    | 0.13%             | 2023-02-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Masterbrand Inc                | Masterbrand Inc                          | CUSIP: 57638P104<br>LEI: 549300E0Y4BR5Z9RDZ64 | Long             | EC               | CORP              | US        |     45000 | NS      | $339750.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill              | CUSIP: 912796YM5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1220000 | PA      | $1207517.07   | 0.23%             | 2023-03-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Copart Inc                     | Copart Inc                               | CUSIP: 217204106<br>LEI: 549300KVYX3JWMYEHU61 | Long             | EC               | CORP              | US        |     44500 | NS      | $2709605.00   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Novartis AG                    | Novartis AG                              | CUSIP: 66987V109<br>LEI: 5493007HIVTX6SY6XD66 | Long             | EC               | CORP              | CH        |     12000 | NS      | $1088640.00   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Korea Electric Power Corp      | Korea Electric Power Corp                | CUSIP: 500631106<br>LEI: 988400QG33WS7JEIV602 | Long             | EC               | CORP              | KR        |     19000 | NS      | $164160.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Telesat Corp                   | Telesat Corp                             | CUSIP: 879512309<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     12000 | NS      | $90000.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| MGM Resorts International      | MGM Resorts International                | CUSIP: 552953101<br>LEI: 54930066VBP7DZEGGJ87 | Long             | EC               | CORP              | US        |     12000 | NS      | $402360.00    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Essential Utilities Inc        | Essential Utilities Inc                  | CUSIP: 29670G102<br>LEI: 549300ILTEOF3E3QY357 | Long             | EC               | CORP              | US        |      3600 | NS      | $171828.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmont Corp                   | Newmont Corp                             | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |    136500 | NS      | $6442800.00   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Co/The               | Coca-Cola Co/The                         | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |     10000 | NS      | $636100.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| IBM                            | International Business Machines Corp     | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |     24500 | NS      | $3451805.00   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Corp              | State Street Corp                        | CUSIP: 857477103<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | EC               | CORP              | US        |    122000 | NS      | $9463540.00   | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Allegion plc                   | Allegion plc                             | CUSIP: 000000000<br>LEI: 984500560CAC2E6FB757 | Long             | EC               | CORP              | IE        |      1600 | NS      | $168416.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| CNH Industrial NV              | CNH Industrial NV                        | CUSIP: 000000000<br>LEI: 549300WGC2HZ5J67V817 | Long             | EC               | CORP              | GB        |     30000 | NS      | $481800.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Perrigo Co PLC                 | Perrigo Co PLC                           | CUSIP: 000000000<br>LEI: 549300IFOQS6R1QLY196 | Long             | EC               | CORP              | IE        |     24000 | NS      | $818160.00    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Deutsche Telekom AG            | Deutsche Telekom AG                      | CUSIP: 251566105<br>LEI: 549300V9QSIG4WX4GJ96 | Long             | EC               | CORP              | DE        |    190000 | NS      | $3796200.00   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Danaher Corp                   | Danaher Corp                             | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |     14000 | NS      | $3715880.00   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo & Co               | Wells Fargo & Co                         | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |    110000 | NS      | $4541900.00   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Jefferies Financial Group Inc  | Jefferies Financial Group Inc            | CUSIP: 47233W109<br>LEI: 549300HOF34RGOJ5YL07 | Long             | EC               | CORP              | US        |     15000 | NS      | $514200.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Bristol-Myers Squibb Co        | Bristol-Myers Squibb Co                  | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |     87500 | NS      | $6295625.00   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Abbott Laboratories            | Abbott Laboratories                      | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |      4400 | NS      | $483076.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Devon Energy Corp              | Devon Energy Corp                        | CUSIP: 25179M103<br>LEI: 54930042348RKR3ZPN35 | Long             | EC               | CORP              | US        |      6800 | NS      | $418268.00    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co Inc                 | Merck & Co Inc                           | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |     16000 | NS      | $1775200.00   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Kraft Heinz Co/The             | Kraft Heinz Co/The                       | CUSIP: 500754106<br>LEI: 9845007488EC87F5AF14 | Long             | EC               | CORP              | US        |     50000 | NS      | $2035500.00   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Proximus SADP                  | Proximus SADP                            | CUSIP: 000000000<br>LEI: 549300CWRXC5EP004533 | Long             | EC               | CORP              | BE        |      4000 | NS      | $38519.07     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Nissin Foods Holdings Co Ltd   | Nissin Foods Holdings Co Ltd             | CUSIP: 000000000<br>LEI: 529900YMZMNSHC1W6V41 | Long             | EC               | CORP              | JP        |     54000 | NS      | $4287412.37   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Hershey Co/The                 | Hershey Co/The                           | CUSIP: 427866108<br>LEI: 21X2CX66SU2BR6QTAD08 | Long             | EC               | CORP              | US        |      1000 | NS      | $231570.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Marsh & McLennan Cos Inc       | Marsh & McLennan Cos Inc                 | CUSIP: 571748102<br>LEI: 549300XMP3KDCKJXIU47 | Long             | EC               | CORP              | US        |     15000 | NS      | $2482200.00   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| PACCAR Inc                     | PACCAR Inc                               | CUSIP: 693718108<br>LEI: KDTEY8BWE486IKZ3CC07 | Long             | EC               | CORP              | US        |     10000 | NS      | $989700.00    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Credit Suisse Group AG         | Credit Suisse Group AG                   | CUSIP: 000000000<br>LEI: 549300506SI9CRFV9Z86 | Long             | EC               | CORP              | CH        |     35000 | NS      | $104623.37    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Media Corp-Liberty Bra | Liberty Media Corp-Liberty Braves        | CUSIP: 531229706<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15000 | NS      | $490050.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Severn Trent PLC               | Severn Trent PLC                         | CUSIP: 000000000<br>LEI: 213800RPBXRETY4A4C59 | Long             | EC               | CORP              | GB        |     18000 | NS      | $576886.76    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Alcon Inc                      | Alcon Inc                                | CUSIP: 000000000<br>LEI: 549300LDT5AP8S0NBM78 | Long             | EC               | CORP              | CH        |      3200 | NS      | $219360.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Madison Square Garden Sports C | Madison Square Garden Sports Corp        | CUSIP: 55825T103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2500 | NS      | $458325.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Walgreens Boots Alliance Inc   | Walgreens Boots Alliance Inc             | CUSIP: 931427108<br>LEI: 549300RPTUOIXG4LIH86 | Long             | EC               | CORP              | US        |     62000 | NS      | $2316320.00   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Instruments Inc          | Texas Instruments Inc                    | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |     10000 | NS      | $1652200.00   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Organon & Co                   | Organon & Co                             | CUSIP: 68622V106<br>LEI: 549300AMCKY57OK2CO56 | Long             | EC               | CORP              | US        |      1600 | NS      | $44688.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Aerojet Rocketdyne Holdings In | Aerojet Rocketdyne Holdings Inc          | CUSIP: 007800105<br>LEI: 549300VULNLWHE8QWI76 | Long             | EC               | CORP              | US        |      4000 | NS      | $223720.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Anheuser-Busch InBev SA/NV     | Anheuser-Busch InBev SA/NV               | CUSIP: 000000000<br>LEI: 5493008H3828EMEXB082 | Long             | EC               | CORP              | BE        |      1000 | NS      | $60234.22     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Value Line Inc                 | Value Line Inc                           | CUSIP: 920437100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3000 | NS      | $152640.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Telefonica SA                  | Telefonica SA                            | CUSIP: 879382208<br>LEI: 549300EEJH4FEPDBBR25 | Long             | EC               | CORP              | ES        |     65000 | NS      | $232050.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Sony Group Corp                | Sony Group Corp                          | CUSIP: 835699307<br>LEI: 529900R5WX9N2OI2N910 | Long             | EC               | CORP              | JP        |     30000 | NS      | $2288400.00   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| FMC Corp                       | FMC Corp                                 | CUSIP: 302491303<br>LEI: CKDHZ2X64EEBQCSP7013 | Long             | EC               | CORP              | US        |      3600 | NS      | $449280.00    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Jardine Matheson Holdings Ltd  | Jardine Matheson Holdings Ltd            | CUSIP: 000000000<br>LEI: 2138009KENVUNWOLPK41 | Long             | EC               | CORP              | HK        |     36500 | NS      | $1857850.00   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Dril-Quip Inc                  | Dril-Quip Inc                            | CUSIP: 262037104<br>LEI: 5299007REICYIJNMW197 | Long             | EC               | CORP              | US        |      4000 | NS      | $108680.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Unilever PLC                   | Unilever PLC                             | CUSIP: 904767704<br>LEI: 549300MKFYEKVRWML317 | Long             | EC               | CORP              | GB        |     41000 | NS      | $2064350.00   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Kellogg Co                     | Kellogg Co                               | CUSIP: 487836108<br>LEI: LONOZNOJYIBXOHXWDB86 | Long             | EC               | CORP              | US        |     17500 | NS      | $1246700.00   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| ITT Inc                        | ITT Inc                                  | CUSIP: 45073V108<br>LEI: 549300KDSERHTJOXUS80 | Long             | EC               | CORP              | US        |     48000 | NS      | $3892800.00   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Automatic Data Processing Inc  | Automatic Data Processing Inc            | CUSIP: 053015103<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | EC               | CORP              | US        |     10600 | NS      | $2531916.00   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Bimbo SAB de CV          | Grupo Bimbo SAB de CV                    | CUSIP: 000000000<br>LEI: 5493000RIXURZEBFEV60 | Long             | EC               | CORP              | MX        |   1700000 | NS      | $7179842.46   | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                 | Microsoft Corp                           | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     37000 | NS      | $8873340.00   | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Eaton Corp PLC                 | Eaton Corp PLC                           | CUSIP: 000000000<br>LEI: 549300VDIGTMXUNT7H71 | Long             | EC               | CORP              | US        |     34000 | NS      | $5336300.00   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Avangrid Inc                   | Avangrid Inc                             | CUSIP: 05351W103<br>LEI: 549300OX0Q38NLSKPB49 | Long             | EC               | CORP              | US        |      7500 | NS      | $322350.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Televisa SAB             | Grupo Televisa SAB                       | CUSIP: 40049J206<br>LEI: 549300O4AF0C816ILN62 | Long             | EC               | CORP              | MX        |     55000 | NS      | $250800.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Flowserve Corp                 | Flowserve Corp                           | CUSIP: 34354P105<br>LEI: 6Y0GK87T6V7NJKZJVM41 | Long             | EC               | CORP              | US        |    158000 | NS      | $4847440.00   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Haleon PLC                     | Haleon PLC                               | CUSIP: 405552100<br>LEI: 549300PSB3WWEODCUP19 | Long             | EC               | CORP              | GB        |      8000 | NS      | $64000.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Trane Technologies PLC         | Trane Technologies PLC                   | CUSIP: 000000000<br>LEI: 549300BURLR9SLYY2705 | Long             | EC               | CORP              | IE        |      8000 | NS      | $1344720.00   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinnevik AB                    | Kinnevik AB                              | CUSIP: 000000000<br>LEI: 2138006PZH76JOS6MN27 | Long             | EC               | CORP              | SE        |     21000 | NS      | $290200.63    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Telephone and Data Systems Inc | Telephone and Data Systems Inc           | CUSIP: 879433829<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    185000 | NS      | $1940650.00   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| PARAMOUNT GLOBAL               | Paramount Global                         | CUSIP: 92556H305<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | EP               | CORP              | US        |     22000 | NS      | $544940.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| GATX Corp                      | GATX Corp                                | CUSIP: 361448103<br>LEI: 549300IHYHCQP2PIR591 | Long             | EC               | CORP              | US        |     98700 | NS      | $10495758.00  | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Julius Baer Group Ltd          | Julius Baer Group Ltd                    | CUSIP: 000000000<br>LEI: 5299007MF0604ZGJER92 | Long             | EC               | CORP              | CH        |     51000 | NS      | $2970702.43   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Nestle SA                      | Nestle SA                                | CUSIP: 000000000<br>LEI: KY37LUS27QQX7BB93L28 | Long             | EC               | CORP              | CH        |     31800 | NS      | $3684693.67   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Genuine Parts Co               | Genuine Parts Co                         | CUSIP: 372460105<br>LEI: 549300D46DQVEU651W04 | Long             | EC               | CORP              | US        |    167600 | NS      | $29080276.00  | 5.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Energizer Holdings Inc         | Energizer Holdings Inc                   | CUSIP: 29272W109<br>LEI: 5493000D6NN0V57UME20 | Long             | EC               | CORP              | US        |     49500 | NS      | $1660725.00   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Essity AB                      | Essity AB                                | CUSIP: 000000000<br>LEI: 549300G8E6YUVJ1DA153 | Long             | EC               | CORP              | SE        |     30000 | NS      | $781994.95    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Mosaic Co/The                  | Mosaic Co/The                            | CUSIP: 61945C103<br>LEI: 2YD5STGSJNMUB7H76907 | Long             | EC               | CORP              | US        |     10500 | NS      | $460635.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Marathon Petroleum Corp        | Marathon Petroleum Corp                  | CUSIP: 56585A102<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | EC               | CORP              | US        |     18000 | NS      | $2095020.00   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill              | CUSIP: 912796YL7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    205000 | PA      | $203301.99    | 0.04%             | 2023-03-16      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| AbbVie Inc                     | AbbVie Inc                               | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |      3000 | NS      | $484830.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Turkcell Iletisim Hizmetleri A | Turkcell Iletisim Hizmetleri AS          | CUSIP: 900111204<br>LEI: 7890003EX1LTLS2FFL84 | Long             | EC               | CORP              | TR        |     20000 | NS      | $95800.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Portland General Electric Co   | Portland General Electric Co             | CUSIP: 736508847<br>LEI: GJOUP9M7C39GLSK9R870 | Long             | EC               | CORP              | US        |     10000 | NS      | $490000.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Svenska Cellulosa AB SCA       | Svenska Cellulosa AB SCA                 | CUSIP: 000000000<br>LEI: 549300FW5JDRV1IJ0M67 | Long             | EC               | CORP              | SE        |     21500 | NS      | $274857.81    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Graco Inc                      | Graco Inc                                | CUSIP: 384109104<br>LEI: 4T5VJ4S81BRT6Q7GGT78 | Long             | EC               | CORP              | US        |     50000 | NS      | $3363000.00   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Loews Corp                     | Loews Corp                               | CUSIP: 540424108<br>LEI: R8V1FN4M5ITGZOG7BS19 | Long             | EC               | CORP              | US        |     63500 | NS      | $3703955.00   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Deere & Co                     | Deere & Co                               | CUSIP: 244199105<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | EC               | CORP              | US        |     45300 | NS      | $19422828.00  | 3.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Mastercard Inc                 | Mastercard Inc                           | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |     25700 | NS      | $8936661.00   | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Mondelez International Inc     | Mondelez International Inc               | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               | CORP              | US        |     31000 | NS      | $2066150.00   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp           | Bank of America Corp                     | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |    125000 | NS      | $4140000.00   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Corning Inc                    | Corning Inc                              | CUSIP: 219350105<br>LEI: 549300X2937PB0CJ7I56 | Long             | EC               | CORP              | US        |     42000 | NS      | $1341480.00   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| TELUS Corp                     | TELUS Corp                               | CUSIP: 87971M103<br>LEI: L2TEUTQ8OSHMJWVLCE40 | Long             | EC               | CORP              | CA        |     94000 | NS      | $1815140.00   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Crane Holdings Co              | Crane Holdings Co                        | CUSIP: 224441105<br>LEI: 549300EXNPSXEWUD3N21 | Long             | EC               | CORP              | US        |     78000 | NS      | $7835100.00   | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Baxter International Inc       | Baxter International Inc                 | CUSIP: 071813109<br>LEI: J5OIVXX3P24RJRW5CK77 | Long             | EC               | CORP              | US        |     75000 | NS      | $3822750.00   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Xylem Inc/NY                   | Xylem Inc/NY                             | CUSIP: 98419M100<br>LEI: 549300DF5MV96DRYLQ48 | Long             | EC               | CORP              | US        |      8500 | NS      | $939845.00    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| S&P Global Inc                 | S&P Global Inc                           | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |     16000 | NS      | $5359040.00   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Edgewell Personal Care Co      | Edgewell Personal Care Co                | CUSIP: 28035Q102<br>LEI: 549300CY8QZDL4Z3RU59 | Long             | EC               | CORP              | US        |      5500 | NS      | $211970.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Rockwell Automation Inc        | Rockwell Automation Inc                  | CUSIP: 773903109<br>LEI: VH3R4HHBHH12O0EXZJ88 | Long             | EC               | CORP              | US        |      8200 | NS      | $2112074.00   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Pfizer Inc                     | Pfizer Inc                               | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |     20000 | NS      | $1024800.00   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Quaker Chemical Corp           | Quaker Chemical Corp                     | CUSIP: 747316107<br>LEI: 549300PJQ1R3WCWCPS54 | Long             | EC               | CORP              | US        |       600 | NS      | $100140.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Dana Inc                       | Dana Inc                                 | CUSIP: 235825205<br>LEI: KVWHW7YLZPFJM8QYNJ51 | Long             | EC               | CORP              | US        |     75000 | NS      | $1134750.00   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart Inc                    | Walmart Inc                              | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |      1000 | NS      | $141790.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| PepsiCo Inc                    | PepsiCo Inc                              | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |     31000 | NS      | $5600460.00   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Interactive Brokers Group Inc  | Interactive Brokers Group Inc            | CUSIP: 45841N107<br>LEI: 5493004DT6DCDUZNDM53 | Long             | EC               | CORP              | US        |     40000 | NS      | $2894000.00   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Honeywell International Inc    | Honeywell International Inc              | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |      1500 | NS      | $321450.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Textron Inc                    | Textron Inc                              | CUSIP: 883203101<br>LEI: 3PPKBHUG1HD6BO7RNR87 | Long             | EC               | CORP              | US        |    110000 | NS      | $7788000.00   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Herc Holdings Inc              | Herc Holdings Inc                        | CUSIP: 42704L104<br>LEI: 549300TP80QLITMSBP82 | Long             | EC               | CORP              | US        |     22500 | NS      | $2960325.00   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| GSK PLC                        | GSK PLC                                  | CUSIP: 37733W204<br>LEI: 5493000HZTVUYLO1D793 | Long             | EC               | CORP              | GB        |      6400 | NS      | $224896.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| M&T Bank Corp                  | M&T Bank Corp                            | CUSIP: 55261F104<br>LEI: 549300WYXDDBYRASEG81 | Long             | EC               | CORP              | US        |     11200 | NS      | $1624672.00   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Popular Inc                    | Popular Inc                              | CUSIP: 733174700<br>LEI: 5493008CARDZMVQ3LO89 | Long             | EC               | CORP              | PR        |      5800 | NS      | $384656.00    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Wynn Resorts Ltd               | Wynn Resorts Ltd                         | CUSIP: 983134107<br>LEI: 254900CEKKWIHTEAB172 | Long             | EC               | CORP              | US        |      1500 | NS      | $123705.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Madison Square Garden Entertai | Madison Square Garden Entertainment Corp | CUSIP: 55826T102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6000 | NS      | $269820.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Schlumberger Ltd               | Schlumberger Ltd                         | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | US        |     10000 | NS      | $534600.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Iberdrola SA                   | Iberdrola SA                             | CUSIP: 450737101<br>LEI: 5QK37QC7NWOJ8D7WVQ45 | Long             | EC               | CORP              | ES        |      6500 | NS      | $303940.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Zimvie Inc                     | Zimvie Inc                               | CUSIP: 98888T107<br>LEI: 549300GFKURT1J6XR665 | Long             | EC               | CORP              | US        |      2000 | NS      | $18680.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| AllianceBernstein Holding LP   | AllianceBernstein Holding LP             | CUSIP: 01881G106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19000 | NS      | $653030.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Pentair PLC                    | Pentair PLC                              | CUSIP: 000000000<br>LEI: 549300EVR9D56WPSRP15 | Long             | EC               | CORP              | GB        |     32000 | NS      | $1439360.00   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Minerals Technologies Inc      | Minerals Technologies Inc                | CUSIP: 603158106<br>LEI: 549300D3I1QU67GP6403 | Long             | EC               | CORP              | US        |     18500 | NS      | $1123320.00   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Davide Campari-Milano NV       | Davide Campari-Milano NV                 | CUSIP: 000000000<br>LEI: 213800ED5AN2J56N6Z02 | Long             | EC               | CORP              | IT        |     35000 | NS      | $355325.17    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc                      | Apple Inc                                | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |     37000 | NS      | $4807410.00   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Freeport-McMoRan Inc           | Freeport-McMoRan Inc                     | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |     80000 | NS      | $3040000.00   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Indus Realty Trust Inc         | Indus Realty Trust Inc                   | CUSIP: 45580R103<br>LEI: 549300FS2G2L16L2GO91 | Long             | EC               | CORP              | US        |      7800 | NS      | $495222.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| T Rowe Price Group Inc         | T Rowe Price Group Inc                   | CUSIP: 74144T108<br>LEI: 549300SIV6FPS9Y7IH33 | Long             | EC               | CORP              | US        |      6000 | NS      | $654360.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| TE Connectivity Ltd            | TE Connectivity Ltd                      | CUSIP: 000000000<br>LEI: 894500ZRIX9K13RHXR17 | Long             | EC               | CORP              | US        |     48500 | NS      | $5567800.00   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| AES Corp/The                   | AES Corp/The                             | CUSIP: 00130H105<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | EC               | CORP              | US        |     63000 | NS      | $1811880.00   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Argo Group International Holdi | Argo Group International Holdings Ltd    | CUSIP: 000000000<br>LEI: 549300M4T8Y5TTWI6O03 | Long             | EC               | CORP              | BM        |      3700 | NS      | $95645.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of New York Mellon Corp/T | Bank of New York Mellon Corp/The         | CUSIP: 064058100<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EC               | CORP              | US        |    297000 | NS      | $13519440.00  | 2.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Parker-Hannifin Corp           | Parker-Hannifin Corp                     | CUSIP: 701094104<br>LEI: 5493002CONDB4N2HKI23 | Long             | EC               | CORP              | US        |     15000 | NS      | $4365000.00   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Global PLC             | Liberty Global PLC                       | CUSIP: 000000000<br>LEI: 549300BSGXG3QLIQYT84 | Long             | EC               | CORP              | GB        |      9000 | NS      | $174870.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Remy Cointreau SA              | Remy Cointreau SA                        | CUSIP: 000000000<br>LEI: 5493004V6A3Z027YT216 | Long             | EC               | CORP              | FR        |     31200 | NS      | $5263531.10   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingles Markets Inc             | Ingles Markets Inc                       | CUSIP: 457030104<br>LEI: 549300XH5RYBMYP8TF26 | Long             | EC               | CORP              | US        |     44600 | NS      | $4302116.00   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| OGE Energy Corp                | OGE Energy Corp                          | CUSIP: 670837103<br>LEI: CE5OG6JPOZMDSA0LAQ19 | Long             | EC               | CORP              | US        |     57000 | NS      | $2254350.00   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| MSC Industrial Direct Co Inc   | MSC Industrial Direct Co Inc             | CUSIP: 553530106<br>LEI: 0XVKH0LN6YGOWO2EGO17 | Long             | EC               | CORP              | US        |      2400 | NS      | $196080.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Roche Holding AG               | Roche Holding AG                         | CUSIP: 771195104<br>LEI: 549300U41AUUVOAAOB37 | Long             | EC               | CORP              | CH        |     42500 | NS      | $1663875.00   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| A O Smith Corp                 | A O Smith Corp                           | CUSIP: 831865209<br>LEI: 549300XG4US7UJNECY36 | Long             | EC               | CORP              | US        |      6000 | NS      | $343440.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| BT Group PLC                   | BT Group PLC                             | CUSIP: 000000000<br>LEI: 213800LRO7NS5CYQMN21 | Long             | EC               | CORP              | GB        |     80000 | NS      | $108370.28    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ONEOK Inc                      | ONEOK Inc                                | CUSIP: 682680103<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | EC               | CORP              | US        |     59000 | NS      | $3876300.00   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Zimmer Biomet Holdings Inc     | Zimmer Biomet Holdings Inc               | CUSIP: 98956P102<br>LEI: 2P2YLDVPES3BXQ1FRB91 | Long             | EC               | CORP              | US        |      2000 | NS      | $255000.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Caterpillar Inc                | Caterpillar Inc                          | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |      6000 | NS      | $1437360.00   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Energy Transfer LP             | Energy Transfer LP                       | CUSIP: 29273V100<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | EC               | CORP              | US        |     50000 | NS      | $593500.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Paramount Global               | Paramount Global                         | CUSIP: 92556H107<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | EC               | CORP              | US        |    285000 | NS      | $5588850.00   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Albemarle Corp                 | Albemarle Corp                           | CUSIP: 012653101<br>LEI: HDBLS2Q6GV1LSKQPBS54 | Long             | EC               | CORP              | US        |      2700 | NS      | $585522.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Hess Corp                      | Hess Corp                                | CUSIP: 42809H107<br>LEI: UASVRYNXNK17ULIGK870 | Long             | EC               | CORP              | US        |     56600 | NS      | $8027012.00   | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| TotalEnergies SE               | TotalEnergies SE                         | CUSIP: 89151E109<br>LEI: 529900S21EQ1BO4ESM68 | Long             | EC               | CORP              | FR        |     13500 | NS      | $838080.00    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Weyerhaeuser Co                | Weyerhaeuser Co                          | CUSIP: 962166104<br>LEI: 08IRJODWFYBI7QWRGS31 | Long             | EC               | CORP              | US        |     63000 | NS      | $1953000.00   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Archer-Daniels-Midland Co      | Archer-Daniels-Midland Co                | CUSIP: 039483102<br>LEI: 549300LO13MQ9HYSTR83 | Long             | EC               | CORP              | US        |     50000 | NS      | $4642500.00   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Ito En Ltd                     | Ito En Ltd                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    132000 | NS      | $4817738.49   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Reckitt Benckiser Group PLC    | Reckitt Benckiser Group PLC              | CUSIP: 000000000<br>LEI: 5493003JFSMOJG48V108 | Long             | EC               | CORP              | GB        |     34000 | NS      | $2365141.42   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco Santander Chile          | Banco Santander Chile                    | CUSIP: 05965X109<br>LEI: 3YJP8HORPAEXJ80D6368 | Long             | EC               | CORP              | CL        |      5195 | NS      | $82288.80     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ONE Gas Inc                    | ONE Gas Inc                              | CUSIP: 68235P108<br>LEI: 549300HXDWI0LATTX840 | Long             | EC               | CORP              | US        |     11500 | NS      | $870780.00    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Verizon Communications Inc     | Verizon Communications Inc               | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |    160000 | NS      | $6304000.00   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Femsa SAB de CV      | Coca-Cola Femsa SAB de CV                | CUSIP: 191241108<br>LEI: 5493008KEVFYPMGTXO33 | Long             | EC               | CORP              | MX        |     10000 | NS      | $678800.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill              | CUSIP: 912796U31<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    225000 | PA      | $222908.29    | 0.04%             | 2023-03-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Southwest Gas Holdings Inc     | Southwest Gas Holdings Inc               | CUSIP: 844895102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7500 | NS      | $464100.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Republic Services Inc          | Republic Services Inc                    | CUSIP: 760759100<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | EC               | CORP              | US        |      7500 | NS      | $967425.00    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Orange SA                      | Orange SA                                | CUSIP: 684060106<br>LEI: 969500MCOONR8990S771 | Long             | EC               | CORP              | FR        |     12000 | NS      | $118560.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group Inc/The    | Goldman Sachs Group Inc/The              | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |     15000 | NS      | $5150700.00   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Heineken NV                    | Heineken NV                              | CUSIP: 000000000<br>LEI: 724500K5PTPSST86UQ23 | Long             | EC               | CORP              | NL        |     93000 | NS      | $8748616.58   | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingersoll Rand Inc             | Ingersoll Rand Inc                       | CUSIP: 45687V106<br>LEI: 5299004C02FMZCUOIR50 | Long             | EC               | CORP              | US        |      8600 | NS      | $449350.00    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill              | CUSIP: 912796YB9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    490000 | PA      | $486657.59    | 0.09%             | 2023-03-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Yakult Honsha Co Ltd           | Yakult Honsha Co Ltd                     | CUSIP: 000000000<br>LEI: 353800YJPSPGG7KI0S71 | Long             | EC               | CORP              | JP        |     32000 | NS      | $2087168.55   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale Corp          | Costco Wholesale Corp                    | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |      6200 | NS      | $2830300.00   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Carrier Global Corp            | Carrier Global Corp                      | CUSIP: 14448C104<br>LEI: 549300JE3W6CWY2NAN77 | Long             | EC               | CORP              | US        |     30000 | NS      | $1237500.00   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Diageo PLC                     | Diageo PLC                               | CUSIP: 25243Q205<br>LEI: 213800ZVIELEA55JMJ32 | Long             | EC               | CORP              | GB        |     49500 | NS      | $8820405.00   | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| General Mills Inc              | General Mills Inc                        | CUSIP: 370334104<br>LEI: 2TGYMUGI08PO8X8L6150 | Long             | EC               | CORP              | US        |      1000 | NS      | $83850.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Valley National Bancorp        | Valley National Bancorp                  | CUSIP: 919794107<br>LEI: 549300ET52S1UBIB9762 | Long             | EC               | CORP              | US        |     53000 | NS      | $599430.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Sony Group Corp                | Sony Group Corp                          | CUSIP: 000000000<br>LEI: 529900R5WX9N2OI2N910 | Long             | EC               | CORP              | JP        |      6500 | NS      | $497009.30    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP Paribas SA                 | BNP Paribas SA                           | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | EC               | CORP              | FR        |     12000 | NS      | $684017.55    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co            | JPMorgan Chase & Co                      | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |      8500 | NS      | $1139850.00   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameris Bancorp                 | Ameris Bancorp                           | CUSIP: 03076K108<br>LEI: PBJHNT51T5V6G5UQFV42 | Long             | EC               | CORP              | US        |     19000 | NS      | $895660.00    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Sapporo Holdings Ltd           | Sapporo Holdings Ltd                     | CUSIP: 000000000<br>LEI: 353800ITDYV3AD2X5M34 | Long             | EC               | CORP              | JP        |     30000 | NS      | $749771.41    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                 | Morgan Stanley                           | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |     10000 | NS      | $850200.00    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| McCormick & Co Inc/MD          | McCormick & Co Inc/MD                    | CUSIP: 579780206<br>LEI: 549300JQQA6MQ4OJP259 | Long             | EC               | CORP              | US        |     31200 | NS      | $2586168.00   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| National Presto Industries Inc | National Presto Industries Inc           | CUSIP: 637215104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1000 | NS      | $68460.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp                   | Chevron Corp                             | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     42000 | NS      | $7538580.00   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Mueller Industries Inc         | Mueller Industries Inc                   | CUSIP: 624756102<br>LEI: 5493005IZFE4VJLLYG84 | Long             | EC               | CORP              | US        |    125000 | NS      | $7375000.00   | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortune Brands Innovations Inc | Fortune Brands Innovations Inc           | CUSIP: 34964C106<br>LEI: 54930032LHW54PQUJD44 | Long             | EC               | CORP              | US        |     39500 | NS      | $2255845.00   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-27

**Name of Applicant:** Gabelli Equity Series Funds Inc

**Signature:** John C. Ball

**Name of Signer:** John C. Ball

**Title:** Treasurer