The Gabelli Utility Trust (GUT) NPORT-P Gabelli Utility Trust (Sep 2024 report)

1

The

Gabelli

Utility

Trust

Schedule

of

Investments

—

September

30,

2024

(Unaudited)

Shares

Market

Value

COMMON

STOCKS

 —

97.8%

ENERGY

AND

UTILITIES

 —

83.8%

Alternative

Energy

 —

1.1%

85,000‌

Algonquin

Power

&

Utilities

Corp.,

New

York

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

$

463,250‌

2,950‌

Brookfield

Renewable

Corp.,

Cl. A

......

96,347‌

3,300‌

Clearway

Energy

Inc.,

Cl. C

..........

101,244‌

5,500‌

Eos

Energy

Enterprises

Inc.†

.........

16,335‌

2,300‌

Landis+Gyr

Group

AG

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

213,600‌

1,500‌

Neoen

SA

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

65,119‌

45,400‌

NextEra

Energy

Partners

LP

..........

1,253,948‌

12,500‌

Ormat

Technologies

Inc.

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

961,750‌

600‌

Orsted

AS†

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

39,889‌

300‌

SolarEdge

Technologies

Inc.†

.........

6,873‌

6,000‌

Vestas

Wind

Systems

A/S†

..........

132,471‌

3,350,826‌

Diversified

Industrial

 —

1.2%

548‌

Alstom

SA†

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

11,367‌

15,322‌

AZZ

Inc.

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

1,265,750‌

17,000‌

Bouygues

SA

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

568,842‌

300‌

Chart

Industries

Inc.†

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

37,242‌

10,000‌

General

Electric

Co.

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

1,885,800‌

100‌

Sulzer

AG

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

16,353‌

3,785,354‌

Electric

Integrated

 —

45.7%

23,000‌

ALLETE

Inc.

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

1,476,370‌

78,345‌

Alliant

Energy

Corp.

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

4,754,758‌

17,150‌

Ameren

Corp.

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

1,499,939‌

50,950‌

American

Electric

Power

Co.

Inc.

......

5,227,470‌

800‌

Atlantica

Sustainable

Infrastructure

plc

..

17,584‌

68,000‌

Avangrid

Inc.

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

2,433,720‌

53,000‌

Avista

Corp.

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

2,053,750‌

400‌

Badger

Meter

Inc.

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

87,364‌

33,000‌

Black

Hills

Corp.

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

2,016,960‌

8,470‌

CenterPoint

Energy

Inc.

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

249,187‌

80,444‌

CMS

Energy

Corp.

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

5,681,760‌

45,500‌

Dominion

Energy

Inc.

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

2,629,445‌

16,800‌

DTE

Energy

Co.

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

2,157,288‌

71,700‌

Duke

Energy

Corp.

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

8,267,010‌

63,500‌

Edison

International

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

5,530,215‌

7,000‌

Emera

Inc.

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

275,818‌

4,100‌

Entergy

Corp.

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

539,601‌

136,500‌

Evergy

Inc.

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

8,464,365‌

123,400‌

Eversource

Energy

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

8,397,370‌

100,200‌

FirstEnergy

Corp.

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

4,443,870‌

60,000‌

Hawaiian

Electric

Industries

Inc.†

......

580,800‌

4,700‌

IDACORP

Inc.

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

484,523‌

57,000‌

MGE

Energy

Inc.

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

5,212,650‌

186,050‌

NextEra

Energy

Inc.

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

15,726,807‌

48,000‌

NiSource

Inc.

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

1,663,200‌

72,500‌

Northwestern

Energy

Group

Inc.

.......

4,148,450‌

Shares

Market

Value

18,000‌

NRG

Energy

Inc.

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

$

1,639,800‌

178,000‌

OGE

Energy

Corp.

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

7,301,560‌

56,500‌

Otter

Tail

Corp.

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

4,416,040‌

54,800‌

PG&E

Corp.

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

1,083,396‌

1,100‌

Pinnacle

West

Capital

Corp.

..........

97,449‌

58,450‌

Portland

General

Electric

Co.

.........

2,799,755‌

22,240‌

PPL

Corp.

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

735,699‌

31,673‌

Public

Service

Enterprise

Group

Inc.

....

2,825,548‌

1,825‌

Sempra

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

152,625‌

3,500‌

The

Southern

Co.

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

315,630‌

85,450‌

TXNM

Energy

Inc.

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

3,740,146‌

17,000‌

Unitil

Corp.

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

1,029,860‌

119,170‌

WEC

Energy

Group

Inc.

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

11,461,771‌

139,900‌

Xcel

Energy

Inc.

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

9,135,470‌

140,755,023‌

Electric

Transmission

and

Distribution

 —

4.2%

29,500‌

Consolidated

Edison

Inc.

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

3,071,835‌

20,500‌

Constellation

Energy

Corp.

...........

5,330,410‌

66,100‌

Exelon

Corp.

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

2,680,355‌

110,000‌

Iberdrola

SA

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

1,700,782‌

300‌

The

Timken

Co.

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

25,287‌

12,808,669‌

Environmental

Services

 —

0.3%

800‌

Fluidra

SA

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

20,927‌

500‌

Tetra

Tech

Inc.

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

23,580‌

27,712‌

Veolia

Environnement

SA

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

910,622‌

955,129‌

Equipment

and

Supplies

 —

1.5%

5,000‌

Capstone

Green

Energy

Corp.†

........

1,050‌

1,396‌

Graham

Corp.†

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

41,308‌

20,880‌

Innovex

International

Inc.†

...........

306,518‌

10,000‌

MDU

Resources

Group

Inc.

..........

274,100‌

50,000‌

Mueller

Industries

Inc.

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

3,705,000‌

103‌

Tidewater

Inc.†

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

7,394‌

1,100‌

Valmont

Industries

Inc.

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

318,945‌

4,654,315‌

Global

Utilities

 —

2.9%

8,000‌

Chubu

Electric

Power

Co.

Inc.

........

93,568‌

7,595‌

EDP

SA

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

34,680‌

115,000‌

Electric

Power

Development

Co.

Ltd.

....

1,916,333‌

33,000‌

Endesa

SA

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

721,087‌

300,000‌

Enel

SpA

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

2,396,055‌

560,000‌

Hera

SpA

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

2,232,890‌

15,000‌

Hokkaido

Electric

Power

Co.

Inc.

......

100,744‌

13,000‌

Hokuriku

Electric

Power

Co.

..........

83,649‌

220,000‌

Huaneng

Power

International

Inc.,

Cl. H

..

134,991‌

38,000‌

Korea

Electric

Power

Corp.,

ADR†

......

294,880‌

22,000‌

Kyushu

Electric

Power

Co.

Inc.

........

239,172‌

15,000‌

Shikoku

Electric

Power

Co.

Inc.

.......

132,806‌

9,000‌

The

Chugoku

Electric

Power

Co.

Inc.

....

61,179‌

2

The

Gabelli

Utility

Trust

Schedule

of

Investments

(Continued)

—

September

30,

2024

(Unaudited)

Shares

Market

Value

COMMON

STOCKS

(Continued)

ENERGY

AND

UTILITIES

(Continued)

Global

Utilities

(Continued)

25,000‌

The

Kansai

Electric

Power

Co.

Inc.

.....

$

412,246‌

11,000‌

Tohoku

Electric

Power

Co.

Inc.

........

104,930‌

8,959,210‌

Merchant

Energy

 —

1.6%

244,000‌

The

AES

Corp.

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

4,894,640‌

Natural

Gas

Integrated

 —

7.7%

8,000‌

DT

Midstream

Inc.

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

629,280‌

85,000‌

Energy

Transfer

LP

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

1,364,250‌

105,000‌

Kinder

Morgan

Inc.

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

2,319,450‌

105,182‌

National

Fuel

Gas

Co.

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

6,375,081‌

141,500‌

ONEOK

Inc.

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

12,894,895‌

23,582,956‌

Natural

Gas

Utilities

 —

8.2%

24,700‌

Atmos

Energy

Corp.

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

3,426,137‌

100‌

Cheniere

Energy

Inc.

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

17,984‌

9,000‌

Chesapeake

Utilities

Corp.

...........

1,117,530‌

13,200‌

Engie

SA

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

227,971‌

100,625‌

National

Grid

plc

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

1,385,665‌

67,500‌

National

Grid

plc,

ADR

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

4,702,725‌

7,000‌

Northwest

Natural

Holding

Co.

........

285,740‌

30,300‌

ONE

Gas

Inc.

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

2,254,926‌

55,000‌

RGC

Resources

Inc.

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

1,241,350‌

131,715‌

Southwest

Gas

Holdings

Inc.

.........

9,715,298‌

14,850‌

Spire

Inc.

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

999,257‌

600‌

UGI

Corp.

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

15,012‌

25,389,595‌

Natural

Resources

 —

1.8%

450‌

Antero

Resources

Corp.†

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

12,892‌

375‌

APA

Corp.

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

9,173‌

55,642‌

Cameco

Corp.

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

2,657,462‌

30,000‌

Compania

de

Minas

Buenaventura

SAA,

ADR

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

415,200‌

100‌

Diamondback

Energy

Inc.

...........

17,240‌

17,500‌

Exxon

Mobil

Corp.

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

2,051,350‌

2,000‌

Hess

Corp.

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

271,600‌

5,434,917‌

Oil

 —

0.2%

4,500‌

Devon

Energy

Corp.

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

176,040‌

20,000‌

PrairieSky

Royalty

Ltd.

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

406,522‌

582,562‌

Services

 —

2.1%

22,000‌

ABB

Ltd.,

ADR

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

1,274,240‌

99,500‌

Enbridge

Inc.

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

4,040,695‌

33,588‌

Halliburton

Co.

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

975,731‌

674‌

Oceaneering

International

Inc.†

.......

16,762‌

Shares

Market

Value

1,263‌

Schlumberger

NV

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

$

52,983‌

681‌

TechnipFMC

plc

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

17,863‌

176‌

Weatherford

International

plc

.........

14,946‌

6,393,220‌

Water

 —

5.3%

26,000‌

American

States

Water

Co.

...........

2,165,540‌

22,400‌

American

Water

Works

Co.

Inc.

.......

3,275,776‌

23,000‌

Artesian

Resources

Corp.,

Cl. A

.......

855,140‌

33,200‌

California

Water

Service

Group

........

1,800,104‌

26,000‌

Essential

Utilities

Inc.

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

1,002,820‌

6,700‌

Middlesex

Water

Co.

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

437,108‌

135,000‌

Severn

Trent

plc

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

4,768,500‌

29,000‌

SJW

Group

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

1,685,190‌

9,400‌

The

York

Water

Co.

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

352,124‌

4,100‌

Zurn

Elkay

Water

Solutions

Corp.

......

147,354‌

16,489,656‌

TOTAL

ENERGY

AND

UTILITIES

......

258,036,072‌

COMMUNICATIONS

 —

11.1%

Cable

and

Satellite

 —

1.4%

4,000‌

Altice

USA

Inc.,

Cl. A†

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

9,840‌

2,100‌

Charter

Communications

Inc.,

Cl. A†

....

680,568‌

20,900‌

Cogeco

Inc.

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

924,425‌

20,000‌

EchoStar

Corp.,

Cl. A†

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

496,400‌

300,000‌

ITV

plc

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

321,068‌

90,000‌

Liberty

Latin

America

Ltd.,

Cl. A†

......

862,200‌

5,947‌

Liberty

Latin

America

Ltd.,

Cl. C†

......

56,437‌

22,000‌

Rogers

Communications

Inc.,

Cl. B

.....

884,620‌

4,235,558‌

Communications

Equipment

 —

0.0%

7,500‌

Furukawa

Electric

Co.

Ltd.

...........

188,276‌

Telecommunications

 —

7.0%

35,000‌

AT&T

Inc.

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

770,000‌

10,000‌

BCE

Inc.,

New

York

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

348,000‌

5,500‌

BCE

Inc.,

Toronto

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

191,216‌

100,000‌

BT

Group

plc,

Cl. A

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

197,735‌

7,500‌

Cogeco

Communications

Inc.

.........

396,503‌

110,000‌

Deutsche

Telekom

AG

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

3,231,363‌

60,000‌

Deutsche

Telekom

AG,

ADR

..........

1,765,800‌

21,250‌

Eurotelesites

AG†

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

113,068‌

200‌

Hutchison

Telecommunications

Hong

Kong

Holdings

Ltd.

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

25‌

83,000‌

Liberty

Global

Ltd.,

Cl. A†

...........

1,752,130‌

106,000‌

Liberty

Global

Ltd.,

Cl. C†

...........

2,290,660‌

1,750,000‌

Nippon

Telegraph

&

Telephone

Corp.

....

1,787,441‌

146,500‌

Orange

Belgium

SA†

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

2,416,793‌

6,000‌

Orange

SA,

ADR

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

68,880‌

59,000‌

Orascom

Financial

Holding

SAE†

......

420‌

10,000‌

Orascom

Investment

Holding,

GDR†(a)

..

140‌

30,000‌

Pharol

SGPS

SA†

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

1,476‌

3

The

Gabelli

Utility

Trust

Schedule

of

Investments

(Continued)

—

September

30,

2024

(Unaudited)

Shares

Market

Value

COMMON

STOCKS

(Continued)

COMMUNICATIONS

(Continued)

Telecommunications

(Continued)

8,500‌

Proximus

SA

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

$

66,233‌

2,000‌

PT

Indosat

Tbk

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

1,447‌

1,350‌

Tele2

AB,

Cl. B

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

15,274‌

250,000‌

Telefonica

SA,

ADR

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

1,215,000‌

85,000‌

Telekom

Austria

AG

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

832,636‌

25,000‌

Telephone

and

Data

Systems

Inc.

......

581,250‌

30,000‌

Telesat

Corp.†

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

395,100‌

5,500‌

T-Mobile

US

Inc.

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

1,134,980‌

10,000‌

VEON

Ltd.,

ADR†

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

304,200‌

37,500‌

Verizon

Communications

Inc.

.........

1,684,125‌

21,561,895‌

Wireless

Communications

 —

2.7%

5,000‌

America

Movil

SAB

de

CV,

ADR

.......

81,800‌

21,422‌

Anterix

Inc.†

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

806,753‌

103,000‌

Millicom

International

Cellular

SA,

SDR†

.

2,797,146‌

1,200‌

Operadora

De

Sites

Mexicanos

SAB

de

CV

945‌

2,300‌

SK

Telecom

Co.

Ltd.,

ADR

...........

54,671‌

400‌

SmarTone

Telecommunications

Holdings

Ltd.

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

213‌

60,000‌

Turkcell

Iletisim

Hizmetleri

A/S,

ADR

....

412,800‌

32,200‌

United

States

Cellular

Corp.†

.........

1,759,730‌

230,000‌

Vodafone

Group

plc,

ADR

...........

2,304,600‌

8,218,658‌

TOTAL

COMMUNICATIONS

.........

34,204,387‌

OTHER

 —

2.9%

Automotive

 —

0.1%

275‌

Ducommun

Inc.†

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

18,103‌

45,000‌

Iveco

Group

NV

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

451,728‌

469,831‌

Building

and

Construction

 —

0.1%

2,550‌

Knife

River

Corp.†

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

227,944‌

Diversified

Industrial

 —

0.2%

1,200‌

Accelleron

Industries

AG,

ADR

........

61,992‌

200‌

Arcosa

Inc.

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

18,952‌

166‌

ITT

Inc.

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

24,819‌

2,236‌

L.B.

Foster

Co.,

Cl. A†

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

45,681‌

600‌

Matthews

International

Corp.,

Cl. A

.....

13,920‌

12,500‌

Trinity

Industries

Inc.

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

435,500‌

600,864‌

Electronics

 —

0.6%

1,200‌

Allient

Inc.

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

22,788‌

74‌

Hubbell

Inc.

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

31,698‌

2,200‌

Keysight

Technologies

Inc.†

..........

349,646‌

567‌

Resideo

Technologies

Inc.†

..........

11,419‌

Shares

Market

Value

13,500‌

Sony

Group

Corp.,

ADR

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

$

1,303,695‌

1,719,246‌

Financial

Services

 —

0.0%

150,000‌

GAM

Holding

AG†

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

34,454‌

7,000‌

Kinnevik

AB,

Cl. B

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

56,919‌

91,373‌

Machinery

 —

0.9%

220,000‌

CNH

Industrial

NV

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

2,442,000‌

936‌

Flowserve

Corp.

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

48,382‌

300‌

Medmix

AG

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

3,665‌

2,765‌

Mueller

Water

Products

Inc.,

Cl. A

.....

60,000‌

1,250‌

Xylem

Inc.

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

168,788‌

2,722,835‌

Specialty

Chemicals

 —

0.1%

200‌

Air

Products

and

Chemicals

Inc.

.......

59,548‌

250‌

Linde

plc

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

119,215‌

178,763‌

Transportation

 —

0.9%

21,000‌

GATX

Corp.

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

2,781,450‌

TOTAL

OTHER

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

8,792,306‌

TOTAL

COMMON

STOCKS

.........

301,032,765‌

WARRANTS

 —

0.0%

OTHER

 —

0.0%

Financial

Services

 —

0.0%

7,500‌

SDCL

EDGE

Acquisition

Corp.,

expire

12/31/28†

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

750‌

Principal

Amount

U.S.

GOVERNMENT

OBLIGATIONS

 —

2.2%

$

6,920,000‌

U.S.

Treasury

Bills,

4.544%

to

5.303%††,

11/14/24

to

02/13/25

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

6,866,939‌

TOTAL

INVESTMENTS

—

100.0%

....

(Cost

$232,077,692)

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

$

307,900,454‌

(a)

Security

is

valued

using

significant

unobservable

inputs

and

is

classified

as

Level

3

in

the

fair

value

hierarchy.

†

Non-income

producing

security.

††

Represents

annualized

yields

at

dates

of

purchase.

ADR

American

Depositary

Receipt

GDR

Global

Depositary

Receipt

SDR

Swedish

Depositary

Receipt