NPORT-EX 2 GB45GB063022.htm

1

Ellsworth

Growth

and

Income

Fund

Ltd.

Schedule

of

Investments

—

June

30,

2022

(Unaudited)

Principal

Amount

Market

Value

CONVERTIBLE

CORPORATE

BONDS

 —

69.8%

Airlines

 —

1.4%

$

2,000,000‌

Southwest

Airlines

Co.,

1.250%,

05/01/25

...............

$

2,362,500‌

Automotive

 —

1.7%

3,000,000‌

Ford

Motor

Co.,

Zero

Coupon,

03/15/26

...........

2,751,000‌

Business

Services

 —

4.2%

2,000,000‌

BigBear.ai

Holdings

Inc.,

6.000%,

12/15/26(a)

.............

1,562,436‌

1,500,000‌

BigCommerce

Holdings

Inc.,

0.250%,

10/01/26(a)

.............

1,038,750‌

3,250,000‌

Perficient

Inc.,

0.125%,

11/15/26(a)

.............

2,647,273‌

2,100,000‌

TechTarget

Inc.,

Zero

Coupon,

12/15/26(a)

.........

1,695,659‌

6,944,118‌

Cable

and

Satellite

 —

1.6%

DISH

Network

Corp.

2,100,000‌

Zero

Coupon,

12/15/25

...........

1,480,710‌

1,000,000‌

3.375%,

08/15/26

...............

678,000‌

1,415,000‌

fuboTV

Inc.,

3.250%,

02/15/26

...............

448,555‌

2,607,265‌

Communications

Equipment

 —

5.4%

2,000,000‌

InterDigital

Inc.,

3.500%,

06/01/27(a)

.............

2,034,000‌

1,700,000‌

Kaleyra

Inc.,

6.125%,

06/01/26(a)

.............

1,335,296‌

Lumentum

Holdings

Inc.

2,000,000‌

0.500%,

12/15/26

...............

2,058,800‌

1,117,000‌

0.500%,

06/15/28(a)

.............

962,854‌

2,500,000‌

Radius

Global

Infrastructure

Inc.,

2.500%,

09/15/26(a)

.............

2,432,813‌

8,823,763‌

Computer

Hardware

 —

1.9%

2,000,000‌

3D

Systems

Corp.,

Zero

Coupon,

11/15/26(a)

.........

1,396,000‌

1,250,000‌

Desktop

Metal

Inc.,

6.000%,

05/15/27(a)

.............

1,765,000‌

3,161,000‌

Computer

Software

and

Services

 —

17.6%

1,500,000‌

Akamai

Technologies

Inc.,

0.375%,

09/01/27

...............

1,497,750‌

3,000,000‌

Bandwidth

Inc.,

0.250%,

03/01/26

...............

2,079,000‌

700,000‌

Blackline

Inc.,

0.125%,

08/01/24

...............

770,420‌

Principal

Amount

Market

Value

$

2,625,000‌

Cardlytics

Inc.,

1.000%,

09/15/25

...............

$

1,980,234‌

2,000,000‌

Dropbox

Inc.,

Zero

Coupon,

03/01/28

...........

1,758,750‌

2,665,000‌

Edgio

Inc.,

3.500%,

08/01/25

...............

2,267,187‌

3,090,000‌

i3

Verticals

LLC,

1.000%,

02/15/25

...............

2,943,225‌

1,500,000‌

Match

Group

Financeco

3

Inc.,

2.000%,

01/15/30(a)

.............

1,629,750‌

1,000,000‌

MercadoLibre

Inc.,

2.000%,

08/15/28

...............

1,618,000‌

1,750,000‌

PAR

Technology

Corp.,

2.875%,

04/15/26

...............

2,019,171‌

2,000,000‌

Progress

Software

Corp.,

1.000%,

04/15/26

...............

1,941,000‌

1,330,000‌

PROS

Holdings

Inc.,

2.250%,

09/15/27

...............

1,202,320‌

1,735,000‌

Q2

Holdings

Inc.,

0.750%,

06/01/26

...............

1,447,858‌

2,500,000‌

Shift4

Payments

Inc.,

Zero

Coupon,

12/15/25

...........

2,016,250‌

1,045,000‌

Varonis

Systems

Inc.,

1.250%,

08/15/25

...............

1,234,145‌

1,170,000‌

Veritone

Inc.,

1.750%,

11/15/26(a)

.............

749,810‌

1,650,000‌

Workiva

Inc.,

1.125%,

08/15/26

...............

1,790,250‌

28,945,120‌

Consumer

Products

 —

1.6%

1,050,000‌

Callaway

Golf

Co.,

2.750%,

05/01/26

...............

1,411,594‌

1,045,000‌

National

Vision

Holdings

Inc.,

2.500%,

05/15/25

...............

1,176,983‌

2,588,577‌

Consumer

Services

 —

3.0%

NCL

Corp.

Ltd.

1,470,000‌

5.375%,

08/01/25

...............

1,420,461‌

682,000‌

1.125%,

02/15/27(a)

.............

445,005‌

Royal

Caribbean

Cruises

Ltd.

430,000‌

4.250%,

06/15/23

...............

412,800‌

685,000‌

2.875%,

11/15/23

...............

622,926‌

2,105,000‌

Stride

Inc.,

1.125%,

09/01/27

...............

2,089,212‌

4,990,404‌

Diversified

Industrial

 —

3.1%

750,000‌

Chart

Industries

Inc.,

1.000%,

11/15/24(a)

.............

2,158,125‌

2,027,000‌

Patrick

Industries

Inc.,

1.750%,

12/01/28(a)

.............

1,631,735‌

2

Ellsworth

Growth

and

Income

Fund

Ltd.

Schedule

of

Investments

(Continued)

—

June

30,

2022

(Unaudited)

Principal

Amount

Market

Value

CONVERTIBLE

CORPORATE

BONDS

(Continued)

Diversified

Industrial

(Continued)

$

1,508,000‌

Xometry

Inc.,

1.000%,

02/01/27(a)

.............

$

1,286,324‌

5,076,184‌

Energy

and

Utilities

 —

2.6%

2,026,000‌

Array

Technologies

Inc.,

1.000%,

12/01/28(a)

.............

1,442,512‌

1,155,000‌

Bloom

Energy

Corp.,

2.500%,

08/15/25

...............

1,434,395‌

1,375,000‌

Ormat

Technologies

Inc.,

2.500%,

07/15/27(a)

.............

1,467,125‌

4,344,032‌

Financial

Services

 —

5.4%

Block

Inc.

500,000‌

0.500%,

05/15/23

...............

542,875‌

500,000‌

0.125%,

03/01/25

...............

471,250‌

1,025,000‌

Digitalbridge

Operating

Co.

LLC,

5.750%,

07/15/25(a)(b)

...........

2,313,938‌

1,250,000‌

HCI

Group

Inc.,

4.750%,

06/01/42(a)

.............

1,292,500‌

1,000,000‌

IIP

Operating

Partnership

LP,

3.750%,

02/21/24(a)

.............

1,685,000‌

2,100,000‌

SoFi

Technologies

Inc.,

Zero

Coupon,

10/15/26(a)

.........

1,395,807‌

2,100,000‌

Upstart

Holdings

Inc.,

0.250%,

08/15/26(a)

.............

1,184,400‌

8,885,770‌

Health

Care

 —

6.7%

735,000‌

Coherus

Biosciences

Inc.,

1.500%,

04/15/26

...............

481,058‌

1,000,000‌

CONMED

Corp.,

2.625%,

02/01/24

...............

1,213,000‌

Cutera

Inc.

1,000,000‌

2.250%,

03/15/26

...............

1,318,208‌

1,750,000‌

2.250%,

06/01/28(a)

.............

1,662,510‌

Exact

Sciences

Corp.

1,960,000‌

0.375%,

03/15/27

...............

1,438,150‌

500,000‌

0.375%,

03/01/28

...............

346,000‌

1,500,000‌

Insulet

Corp.,

0.375%,

09/01/26

...............

1,717,500‌

1,015,000‌

Invacare

Corp.,

4.250%,

03/15/26

...............

504,366‌

2,390,000‌

PetIQ

Inc.,

4.000%,

06/01/26

...............

2,295,595‌

10,976,387‌

Materials

 —

0.2%

345,000‌

Danimer

Scientific

Inc.,

3.250%,

12/15/26(a)

.............

245,295‌

Principal

Amount

Market

Value

Real

Estate

Investment

Trusts

 —

1.9%

$

375,000‌

Braemar

Hotels

&

Resorts

Inc.,

4.500%,

06/01/26

...............

$

381,000‌

1,000,000‌

Pebblebrook

Hotel

Trust,

1.750%,

12/15/26

...............

895,500‌

1,000,000‌

Redwood

Trust

Inc.,

7.750%,

06/15/27(a)

.............

881,000‌

1,180,000‌

Summit

Hotel

Properties

Inc.,

1.500%,

02/15/26

...............

1,003,000‌

3,160,500‌

Security

Software

 —

5.4%

3,000,000‌

2U

Inc.,

2.250%,

05/01/25

...............

2,572,500‌

515,000‌

Nice

Ltd.,

Zero

Coupon,

09/15/25

...........

508,563‌

532,000‌

Nice

Systems

Inc.,

1.250%,

01/15/24

...............

1,226,925‌

2,990,000‌

Verint

Systems

Inc.,

0.250%,

04/15/26

...............

2,743,325‌

1,515,000‌

Zscaler

Inc.,

0.125%,

07/01/25

...............

1,841,482‌

8,892,795‌

Semiconductors

 —

2.0%

2,000,000‌

Impinj

Inc.,

1.125%,

05/15/27(a)

.............

1,671,680‌

1,841,000‌

Wolfspeed

Inc.,

0.250%,

02/15/28(a)

.............

1,532,632‌

3,204,312‌

Specialty

Chemicals

 —

0.3%

1,354,000‌

Amyris

Inc.,

1.500%,

11/15/26(a)

.............

561,233‌

Telecommunications

 —

2.6%

2,060,000‌

8x8

Inc.,

0.500%,

02/01/24

...............

1,756,053‌

1,250,000‌

Infinera

Corp.,

2.500%,

03/01/27

...............

1,259,049‌

1,345,000‌

PagerDuty

Inc.,

1.250%,

07/01/25

...............

1,329,028‌

4,344,130‌

Transportation

 —

1.2%

1,700,000‌

Atlas

Air

Worldwide

Holdings

Inc.,

1.875%,

06/01/24

...............

2,001,750‌

TOTAL

CONVERTIBLE

CORPORATE

BONDS

....................

114,866,135‌

3

Ellsworth

Growth

and

Income

Fund

Ltd.

Schedule

of

Investments

(Continued)

—

June

30,

2022

(Unaudited)

Shares

Market

Value

CONVERTIBLE

PREFERRED

STOCKS

 —

0.3%

Business

Services

 —

0.3%

809,253‌

Amerivon

Holdings

LLC,

4.000%(c)

....................

$

436,035‌

272,728‌

Amerivon

Holdings

LLC,

common

equity

units

(c)

..........................

16,364‌

452,399‌

TOTAL

CONVERTIBLE

PREFERRED

STOCKS

...................

452,399‌

MANDATORY

CONVERTIBLE

SECURITIES(d)

 —

8.7%

Automotive:

Parts

and

Accessories

 —

1.1%

17,100‌

Aptiv

plc,

Ser.

A,

5.500%,

06/15/23

...............

1,802,169‌

Energy

and

Utilities

 —

3.0%

NextEra

Energy

Inc.

24,025‌

4.872%,

09/01/22

...............

1,352,847‌

27,900‌

5.279%,

03/01/23

...............

1,385,235‌

27,465‌

6.219%,

09/01/23

...............

1,349,905‌

16,290‌

Spire

Inc.,

Ser.

A,

7.500%,

03/01/24

...............

861,904‌

4,949,891‌

Equipment

and

Supplies

 —

0.8%

1,000‌

Danaher

Corp.,

Ser.

B,

5.000%,

04/15/23

...............

1,323,210‌

Financial

Services

 —

1.2%

1,730‌

2020

Cash

Mandatory

Exchangeable

Trust,

5.250%,

06/01/23

...............

1,987,943‌

Health

Care

 —

0.8%

40,900‌

Elanco

Animal

Health

Inc.,

5.000%,

02/01/23

...............

1,310,436‌

Semiconductors

 —

1.8%

1,945‌

Broadcom

Inc.,

Ser.

A,

8.000%,

09/30/22

...............

2,923,627‌

TOTAL

MANDATORY

CONVERTIBLE

SECURITIES

................

14,297,276‌

COMMON

STOCKS

 —

21.2%

Agriculture

 —

1.2%

21,561‌

Bunge

Ltd.

......................

1,955,367‌

Business

Services

 —

0.6%

13,000‌

PayPal

Holdings

Inc.†

..............

907,920‌

Communications

Equipment

 —

0.0%

40,000‌

Kaleyra

Inc.†

....................

81,600‌

Shares

Market

Value

Computer

Software

and

Services

 —

2.2%

14,300‌

Microsoft

Corp.

..................

$

3,672,669‌

Consumer

Products

 —

0.7%

24,000‌

Unilever

plc,

ADR

.................

1,099,920‌

Entertainment

 —

0.7%

12,500‌

The

Walt

Disney

Co.†

..............

1,180,000‌

Health

Care

 —

5.6%

12,000‌

Eli

Lilly

&

Co.

....................

3,890,760‌

20,000‌

Enovis

Corp.†

....................

1,100,000‌

22,651‌

Merck

&

Co.

Inc.

..................

2,065,092‌

40,000‌

Pfizer

Inc.

......................

2,097,200‌

9,153,052‌

Real

Estate

Investment

Trusts

 —

6.6%

10,000‌

American

Tower

Corp.

..............

2,555,900‌

16,100‌

Crown

Castle

International

Corp.

.......

2,710,918‌

5,000‌

Equinix

Inc.

.....................

3,285,100‌

7,000‌

SBA

Communications

Corp.

..........

2,240,350‌

10,792,268‌

Telecommunications

 —

3.6%

60,000‌

AT&T

Inc.

.......................

1,257,600‌

16,119‌

T-Mobile

US

Inc.†

.................

2,168,650‌

50,000‌

Verizon

Communications

Inc.

.........

2,537,500‌

5,963,750‌

TOTAL

COMMON

STOCKS

.........

34,806,546‌

TOTAL

INVESTMENTS

—

100.0%

....

(Cost

$154,037,609)

.............

$

164,422,356‌

4

Ellsworth

Growth

and

Income

Fund

Ltd.

Schedule

of

Investments

(Continued)

—

June

30,

2022

(Unaudited)

(a)

Securities

exempt

from

registration

under

Rule

144A

of

the

Securities

Act

of

1933,

as

amended.

These

securities

may

be

resold

in

transactions

exempt

from

registration,

normally

to

qualified

institutional

buyers.

(b)

At

June

30,

2022,

the

Fund

held

an

investment

in

a

restricted

and

illiquid

security

amounting

to

$2,313,938

or

1.41%

of

total

investments,

which

was

valued

under

methods

approved

by

the

Board

of

Trustees

as

follows:

(c)

Security

is

valued

using

significant

unobservable

inputs

and

is

classified

as

Level

3

in

the

fair

value

hierarchy.

(d)

Mandatory

convertible

securities

are

required

to

be

converted

on

the

dates

listed;

they

generally

may

be

converted

prior

to

these

dates

at

the

option

of

the

holder.

†

Non-income

producing

security.

Acquisition

Principal

Amount

Issuer

Acquisition

Dates

Acquisition

Cost

06/30/22

Carrying

Value

Per

Bond

$1,025,000

Digitalbridge

Operating

Co.

LLC,

5.750%,

07/15/25

07/17/20

-

11/11/20

$1,291,390

$2,257.5000

ADR

American

Depositary

Receipt