The Gabelli Utility Trust NPORTP Gabelli Utility Trust (Mar 2023 report)

The

Gabelli

Utility

Trust

Schedule

Investments

—

March

31,

2023

(Unaudited)

Market

Value

COMMON

STOCKS

—

84.1%

ENERGY

AND

UTILITIES

—

70.3%

Alternative

Energy

—

1.4%

2,950‌

Brookfield

Renewable

Corp.,

Cl. A

......

103,103‌

3,300‌

Clearway

Energy

Inc.,

Cl. C

..........

103,389‌

6,000‌

Eos

Energy

Enterprises

Inc.†

.........

15,420‌

2,700‌

Landis+Gyr

Group

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

206,716‌

46,250‌

NextEra

Energy

Partners

..........

2,809,687‌

12,500‌

Ormat

Technologies

Inc.

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

1,059,625‌

600‌

Orsted

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

50,957‌

130‌

SolarEdge

Technologies

Inc.†

.........

39,513‌

6,000‌

Vestas

Wind

Systems

A/S

...........

173,816‌

4,562,226‌

Diversified

Industrial

—

0.7%

2,000‌

Alstom

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

54,398‌

17,294‌

AZZ

Inc.

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

713,205‌

17,000‌

Bouygues

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

573,191‌

300‌

Chart

Industries

Inc.†

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

37,620‌

10,000‌

General

Electric

Co.

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

956,000‌

300‌

Sulzer

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

25,395‌

2,359,809‌

Electric

Integrated

—

40.7%

23,000‌

ALLETE

Inc.

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

1,480,510‌

78,250‌

Alliant

Energy

Corp.

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

4,178,550‌

17,150‌

Ameren

Corp.

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

1,481,588‌

50,950‌

American

Electric

Power

Co.

Inc.

......

4,635,941‌

1,800‌

Atlantica

Sustainable

Infrastructure

plc

53,208‌

64,000‌

Avangrid

Inc.

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

2,552,320‌

45,000‌

Avista

Corp.

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

1,910,250‌

400‌

Badger

Meter

Inc.

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

48,728‌

33,000‌

Black

Hills

Corp.

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

2,082,300‌

7,500‌

CenterPoint

Energy

Inc.

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

220,950‌

80,300‌

CMS

Energy

Corp.

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

4,928,814‌

46,500‌

Dominion

Energy

Inc.

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

2,599,815‌

16,800‌

DTE

Energy

Co.

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

1,840,272‌

72,700‌

Duke

Energy

Corp.

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

7,013,369‌

65,000‌

Edison

International

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

4,588,350‌

6,500‌

Emera

Inc.

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

267,022‌

4,200‌

Entergy

Corp.

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

452,508‌

140,500‌

Evergy

Inc.

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

8,587,360‌

114,700‌

Eversource

Energy

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

8,976,422‌

100,200‌

FirstEnergy

Corp.

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

4,014,012‌

82,000‌

Hawaiian

Electric

Industries

Inc.

.......

3,148,800‌

3,700‌

IDACORP

Inc.

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

400,821‌

58,500‌

MGE

Energy

Inc.

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

4,543,695‌

202,000‌

NextEra

Energy

Inc.

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

15,570,160‌

48,000‌

NiSource

Inc.

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

1,342,080‌

72,500‌

NorthWestern

Corp.

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

4,194,850‌

180,000‌

OGE

Energy

Corp.

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

6,778,800‌

63,300‌

Otter

Tail

Corp.

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

4,574,691‌

55,000‌

PG&E

Corp.†

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

889,350‌

Market

Value

1,100‌

Pinnacle

West

Capital

Corp.

..........

87,164‌

86,700‌

PNM

Resources

Inc.

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

4,220,556‌

58,250‌

Portland

General

Electric

Co.

.........

2,847,842‌

21,500‌

PPL

Corp.

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

597,485‌

31,450‌

Public

Service

Enterprise

Group

Inc.

....

1,964,053‌

800‌

Sempra

Energy

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

120,928‌

3,300‌

The

Southern

Co.

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

229,614‌

17,000‌

Unitil

Corp.

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

969,680‌

124,700‌

WEC

Energy

Group

Inc.

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

11,820,313‌

143,350‌

Xcel

Energy

Inc.

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

9,667,524‌

135,880,695‌

Electric

Transmission

and

Distribution

—

2.7%

32,500‌

Consolidated

Edison

Inc.

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

3,109,275‌

20,700‌

Constellation

Energy

Corp.

...........

1,624,950‌

66,100‌

Exelon

Corp.

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

2,768,929‌

110,000‌

Iberdrola

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

1,370,103‌

400‌

The

Timken

Co.

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

32,688‌

8,905,945‌

Environmental

Services

—

0.3%

1,300‌

Evoqua

Water

Technologies

Corp.†

.....

64,636‌

800‌

Fluidra

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

14,047‌

200‌

Tetra

Tech

Inc.

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

29,382‌

27,712‌

Veolia

Environnement

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

853,524‌

961,589‌

Equipment

and

Supplies

—

0.8%

4,000‌

Capstone

Green

Energy

Corp.†

........

5,320‌

3,655‌

Graham

Corp.†

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

47,807‌

28,700‌

Mueller

Industries

Inc.

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

2,108,876‌

1,100‌

Valmont

Industries

Inc.

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

351,208‌

2,513,211‌

Global

Utilities

—

2.1%

8,000‌

Chubu

Electric

Power

Co.

Inc.

........

84,293‌

7,595‌

EDP

Energias

Portugal

........

41,316‌

117,000‌

Electric

Power

Development

Co.

Ltd.

....

1,877,816‌

34,000‌

Endesa

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

737,460‌

300,000‌

Enel

SpA

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

1,830,744‌

560,000‌

Hera

SpA

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

1,580,247‌

15,000‌

Hokkaido

Electric

Power

Co.

Inc.†

......

54,905‌

12,000‌

Hokuriku

Electric

Power

Co.†

.........

53,594‌

5,000‌

Huaneng

Power

International

Inc.,

ADR†

104,969‌

37,000‌

Korea

Electric

Power

Corp.,

ADR†

......

256,780‌

22,000‌

Kyushu

Electric

Power

Co.

Inc.†

.......

125,430‌

10,000‌

Shikoku

Electric

Power

Co.

Inc.†

......

56,713‌

8,000‌

The

Chugoku

Electric

Power

Co.

Inc.†

...

40,550‌

25,000‌

The

Kansai

Electric

Power

Co.

Inc.

.....

243,080‌

10,000‌

Tohoku

Electric

Power

Co.

Inc.†

.......

49,633‌

7,137,530‌

The

Gabelli

Utility

Trust

Schedule

Investments

(Continued)

—

March

31,

2023

(Unaudited)

Market

Value

COMMON

STOCKS

(Continued)

ENERGY

AND

UTILITIES

(Continued)

Merchant

Energy

—

1.7%

240,000‌

The

AES

Corp.

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

5,779,200‌

Natural

Gas

Integrated

—

5.5%

8,000‌

Midstream

Inc.

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

394,960‌

85,000‌

Energy

Transfer

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

1,059,950‌

105,000‌

Kinder

Morgan

Inc.

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

1,838,550‌

105,000‌

National

Fuel

Gas

Co.

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

6,062,700‌

143,400‌

ONEOK

Inc.

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

9,111,636‌

18,467,796‌

Natural

Gas

Utilities

—

5.7%

25,500‌

Atmos

Energy

Corp.

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

2,865,180‌

9,000‌

Chesapeake

Utilities

Corp.

...........

1,151,910‌

14,000‌

Engie

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

221,277‌

69,000‌

National

Grid

plc,

ADR

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

4,691,310‌

30,300‌

ONE

Gas

Inc.

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

2,400,669‌

20,000‌

RGC

Resources

Inc.

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

463,800‌

111,915‌

Southwest

Gas

Holdings

Inc.

.........

6,989,092‌

1,200‌

Spire

Inc.

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

84,168‌

600‌

UGI

Corp.

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

20,856‌

18,888,262‌

Natural

Resources

—

1.3%

55,700‌

Cameco

Corp.

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

1,457,669‌

30,000‌

Compania

Minas

Buenaventura

SAA,

ADR

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

245,400‌

21,000‌

Exxon

Mobil

Corp.

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

2,302,860‌

2,200‌

Hess

Corp.

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

291,148‌

4,297,077‌

Oil

—

0.4%

4,500‌

Devon

Energy

Corp.

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

227,745‌

33,000‌

Halliburton

Co.

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

1,044,120‌

1,271,865‌

Services

—

1.5%

22,000‌

ABB

Ltd.,

ADR

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

754,600‌

15,000‌

Dril-Quip

Inc.†

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

430,350‌

99,500‌

Enbridge

Inc.

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

3,795,925‌

4,980,875‌

Water

—

5.5%

26,000‌

American

States

Water

Co.

...........

2,311,140‌

22,400‌

American

Water

Works

Co.

Inc.

.......

3,281,376‌

23,000‌

Artesian

Resources

Corp.,

Cl. A

.......

1,273,280‌

33,200‌

California

Water

Service

Group

........

1,932,240‌

26,400‌

Essential

Utilities

Inc.

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

1,152,360‌

7,000‌

Middlesex

Water

Co.

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

546,840‌

143,000‌

Severn

Trent

plc

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

5,078,694‌

29,400‌

SJW

Group

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

2,238,222‌

9,400‌

The

York

Water

Co.

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

420,180‌

Market

Value

4,100‌

Zurn

Elkay

Water

Solutions

Corp.

......

87,576‌

18,321,908‌

TOTAL

ENERGY

AND

UTILITIES

......

234,327,988‌

COMMUNICATIONS

—

10.7%

Cable

and

Satellite

—

3.4%

23,000‌

Altice

USA

Inc.,

Cl. A†

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

78,660‌

2,500‌

Charter

Communications

Inc.,

Cl. A†

....

894,025‌

20,400‌

Cogeco

Inc.

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

918,189‌

96,000‌

DISH

Network

Corp.,

Cl. A†

..........

895,680‌

15,000‌

EchoStar

Corp.,

Cl. A†

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

274,350‌

300,000‌

ITV

plc

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

306,426‌

62,000‌

Liberty

Global

plc,

Cl. A†

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

1,209,000‌

120,071‌

Liberty

Global

plc,

Cl. C†

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

2,447,047‌

80,000‌

Liberty

Latin

America

Ltd.,

Cl. A†

......

664,800‌

5,947‌

Liberty

Latin

America

Ltd.,

Cl. C†

......

49,122‌

20,000‌

Rogers

Communications

Inc.,

Cl. B

.....

927,200‌

124,000‌

Telenet

Group

Holding

...........

2,815,969‌

11,480,468‌

Communications

Equipment

—

0.1%

8,000‌

Furukawa

Electric

Co.

Ltd.

...........

148,281‌

Telecommunications

—

5.5%

45,000‌

AT&T

Inc.

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

866,250‌

12,000‌

BCE

Inc.,

New

York

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

537,480‌

6,047‌

BCE

Inc.,

Toronto

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

270,873‌

105,000‌

Group

plc,

Cl. A

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

188,852‌

7,000‌

Cogeco

Communications

Inc.

.........

340,962‌

115,000‌

Deutsche

Telekom

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

2,787,436‌

60,000‌

Deutsche

Telekom

AG,

ADR

..........

1,451,400‌

200‌

Hutchison

Telecommunications

Hong

Kong

Holdings

Ltd.

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

32‌

118,000‌

Lumen

Technologies

Inc.

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

312,700‌

70,000‌

Nippon

Telegraph

Telephone

Corp.

....

2,088,797‌

162,500‌

Orange

Belgium

SA†

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

2,689,289‌

6,000‌

Orange

SA,

ADR

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

71,580‌

59,000‌

Orascom

Financial

Holding

SAE†

......

364‌

11,800‌

Orascom

Investment

Holding,

GDR†

....

165‌

30,000‌

Pharol

SGPS

SA†

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

1,763‌

8,500‌

Proximus

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

81,987‌

2,000‌

Indosat

Tbk

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

927‌

130,000‌

Sistema

PJSC

FC,

GDR†(a)

..........

65,000‌

1,350‌

Tele2

AB,

Cl. B

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

13,430‌

220,000‌

Telefonica

Deutschland

Holding

.....

676,880‌

250,000‌

Telefonica

SA,

ADR

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

1,070,000‌

85,000‌

Telekom

Austria

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

640,668‌

25,000‌

Telephone

and

Data

Systems

Inc.

......

262,750‌

24,000‌

Telesat

Corp.†

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

206,400‌

6,500‌

T-Mobile

Inc.†

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

941,460‌

19,900‌

VEON

Ltd.,

ADR†

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

350,638‌

The

Gabelli

Utility

Trust

Schedule

Investments

(Continued)

—

March

31,

2023

(Unaudited)

Market

Value

COMMON

STOCKS

(Continued)

COMMUNICATIONS

(Continued)

Telecommunications

(Continued)

60,000‌

Verizon

Communications

Inc.

.........

2,333,400‌

18,251,483‌

Wireless

Communications

—

1.7%

5,000‌

America

Movil

SAB

CV,

ADR†

.......

105,250‌

14,000‌

Anterix

Inc.†

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

462,560‌

105,000‌

Millicom

International

Cellular

SA,

SDR†

1,987,402‌

1,154‌

Mobile

TeleSystems

PJSC(a)

.........

192‌

7,250‌

Mobile

TeleSystems

PJSC,

ADR†(a)

....

4,423‌

1,200‌

Operadora

Sites

Mexicanos

SAB

1,197‌

1,814‌

Telecom

Co.

Ltd.,

ADR

...........

37,205‌

400‌

SmarTone

Telecommunications

Holdings

Ltd.

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

256‌

60,000‌

Turkcell

Iletisim

Hizmetleri

A/S,

ADR

....

258,000‌

39,000‌

United

States

Cellular

Corp.†

.........

808,470‌

190,000‌

Vodafone

Group

plc,

ADR

...........

2,097,600‌

5,762,555‌

TOTAL

COMMUNICATIONS

.........

35,642,787‌

OTHER

—

2.9%

Automotive

—

0.1%

48,000‌

Iveco

Group

NV†

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

454,189‌

Diversified

Industrial

—

0.1%

1,200‌

Accelleron

Industries

AG,

ADR†

.......

28,080‌

600‌

Arcosa

Inc.

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

37,866‌

290‌

ITT

Inc.

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

25,027‌

3,820‌

L.B.

Foster

Co.,

Cl. A†

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

43,853‌

500‌

Matthews

International

Corp.,

Cl. A

.....

18,030‌

10,000‌

Trinity

Industries

Inc.

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

243,600‌

396,456‌

Electronics

—

0.5%

200‌

Hubbell

Inc.

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

48,662‌

2,200‌

Keysight

Technologies

Inc.†

..........

355,256‌

567‌

Resideo

Technologies

Inc.†

..........

10,365‌

14,000‌

Sony

Group

Corp.,

ADR

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

1,269,100‌

1,683,383‌

Entertainment

—

0.0%

8,000‌

Warner

Bros

Discovery

Inc.†

.........

120,800‌

Equipment

and

Supplies

—

0.2%

20,500‌

CIRCOR

International

Inc.†

..........

637,960‌

Financial

Services

—

0.2%

110,000‌

GAM

Holding

AG†

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

66,845‌

21,000‌

Kinnevik

AB,

Cl. A†

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

341,131‌

15,000‌

Kinnevik

AB,

Cl. B†

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

223,288‌

631,264‌

Market

Value

Machinery

—

1.0%

200,000‌

CNH

Industrial

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

3,054,000‌

1,975‌

Flowserve

Corp.

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

67,150‌

600‌

Medmix

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

12,512‌

2,965‌

Mueller

Water

Products

Inc.,

Cl. A

.....

41,332‌

1,300‌

Xylem

Inc.

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

136,110‌

3,311,104‌

Specialty

Chemicals

—

0.1%

200‌

Air

Products

and

Chemicals

Inc.

.......

57,442‌

300‌

Linde

plc

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

106,632‌

164,074‌

Transportation

—

0.7%

21,000‌

GATX

Corp.

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

2,310,420‌

TOTAL

OTHER

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

9,709,650‌

INDEPENDENT

POWER

PRODUCERS

AND

ENERGY

TRADERS

—

0.2%

Electric

Integrated

—

0.2%

20,000‌

NRG

Energy

Inc.

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

685,800‌

TOTAL

COMMON

STOCKS

.........

280,366,225‌

MANDATORY

CONVERTIBLE

SECURITIES(b)

—

0.2%

ENERGY

AND

UTILITIES

—

0.2%

Natural

Gas

Utilities

—

0.2%

17,400‌

Spire

Inc.,

Ser.

7.500%,

03/01/24

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

874,437‌

WARRANTS

—

0.0%

OTHER

—

0.0%

Financial

Services

—

0.0%

7,500‌

SDCL

EDGE

Acquisition

Corp.,

expire

12/31/28†

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

1,462‌

ENERGY

AND

UTILITIES

—

0.0%

Services

—

0.0%

1,425‌

Weatherford

International

plc,

expire

12/13/23†

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

691‌

TOTAL

WARRANTS

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

2,153‌

Principal

Amount

U.S.

GOVERNMENT

OBLIGATIONS

—

15.7%

52,720,000‌

U.S.

Treasury

Bills,

4.509%

5.098%††,

04/20/23

09/07/23

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

52,246,224‌

TOTAL

INVESTMENTS

—

100.0%

....

(Cost

$293,476,843)

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

333,489,039‌

The

Gabelli

Utility

Trust

Schedule

Investments

(Continued)

—

March

31,

2023

(Unaudited)

(a)

Security

valued

using

significant

unobservable

inputs

and

classified

Level

the

fair

value

hierarchy.

(b)

Mandatory

convertible

securities

are

required

converted

the

dates

listed;

they

generally

may

converted

prior

these

dates

the

option

the

holder.

†

Non-income

producing

security.

††

Represents

annualized

yields

dates

purchase.

ADR

American

Depositary

Receipt

GDR

Global

Depositary

Receipt

SDR

Swedish

Depositary

Receipt

The Gabelli Utility Trust (GUT) NPORT-PGabelli Utility Trust (Mar 2023 report)