The Gabelli Dividend & Income Trust (GDV) NPORT-P Gabelli Dividend & Income Trust (Mar 2020 report)

The Gabelli Dividend & Income Trust

Schedule of Investments — March 31, 2020 (Unaudited)

Shares				Market Value
		COMMON STOCKS — 95.4%
		Aerospace — 2.0%
	252,000	Aerojet Rocketdyne Holdings Inc.†		$	10,541,160
	12,000	HEICO Corp.			895,320
	34,000	Kaman Corp.			1,307,980
	3,400	Lockheed Martin Corp.			1,152,430
	74,900	Rockwell Automation Inc.			11,303,159
	1,425,000	Rolls-Royce Holdings plc			6,028,581
	58,400	The Boeing Co.			8,709,776
					39,938,406
		Agriculture — 0.0%
	5,000	Corteva Inc.			117,500
		Automotive — 0.5%
	62,000	Ford Motor Co.			299,460
	279,000	Navistar International Corp.†			4,600,710
	84,000	PACCAR Inc.			5,134,920
					10,035,090
		Automotive: Parts and Accessories — 1.7%
	48,676	Aptiv plc			2,396,806
	204,932	Dana Inc.			1,600,519
	8,225	Delphi Technologies plc†			66,211
	15,600	Garrett Motion Inc.†			44,616
	339,000	Genuine Parts Co.			22,824,870
	7,000	Lear Corp.			568,750
	20,000	O’Reilly Automotive Inc.†			6,021,000
					33,522,772
		Aviation: Parts and Services — 0.7%
	74,000	Arconic Inc.			1,188,440
	51,000	L3Harris Technologies Inc.			9,186,120
	31,700	United Technologies Corp.			2,990,261
					13,364,821
		Broadcasting — 0.7%
	950,000	Entercom Communications Corp., Cl. A			1,624,500
	20,000	Liberty Broadband Corp., Cl. C†			2,214,400
	15,000	Liberty Global plc, Cl. A†	��		247,650
	280,570	Liberty Global plc, Cl. C†			4,407,755
	12,000	Liberty Media Corp.-Liberty SiriusXM, Cl. A†			380,280
	90,000	Liberty Media Corp.-Liberty SiriusXM, Cl. C†			2,845,800
	105,000	MSG Networks Inc., Cl. A†			1,071,000
	55,000	Sinclair Broadcast Group Inc., Cl. A			884,400
					13,675,785
		Building and Construction — 1.1%
	25,000	Arcosa Inc.			993,500
	48,875	Armstrong Flooring Inc.†			69,891
	80,000	Fortune Brands Home & Security Inc.			3,460,000
	265,050	Herc Holdings Inc.†			5,422,923
	267,018	Johnson Controls International plc.			7,198,805
	11,200	Sika AG			1,861,236

Shares			Market Value
	26,000	United Rentals Inc.†	$	2,675,400
				21,681,755
		Business Services — 3.1%
	25,000	Aramark		499,250
	49,000	Diebold Nixdorf Inc.†		172,480
	129,546	Fly Leasing Ltd., ADR†		912,004
	6,000	Jardine Matheson Holdings Ltd.		300,000
	55,500	JCDecaux SA		1,009,981
	512,000	Macquarie Infrastructure Corp.		12,928,000
	162,500	Mastercard Inc., Cl. A		39,253,500
	40,000	Stericycle Inc.†		1,943,200
	2,000	Tech Data Corp.†		261,700
	17,000	The Brink’s Co.		884,850
	100,000	Trine Acquisition Corp.†		1,012,000
	21,600	Visa Inc., Cl. A		3,480,192
				62,657,157
		Cable and Satellite — 1.3%
	44,000	AMC Networks Inc., Cl. A†		1,069,640
	2,445	Charter Communications Inc., Cl. A†		1,066,778
	15,000	Cogeco Inc.		926,029
	330,000	Comcast Corp., Cl. A		11,345,400
	209,696	DISH Network Corp., Cl. A†		4,191,823
	69,000	EchoStar Corp., Cl. A†		2,205,930
	24,622	Liberty Latin America Ltd., Cl. A†		259,023
	22,116	Liberty Latin America Ltd., Cl. C†		226,910
	120,000	Rogers Communications Inc., Cl. B		4,983,600
	92,000	WideOpenWest Inc.†		437,920
				26,713,053
		Communications Equipment — 0.3%
	330,000	Corning Inc.		6,778,200
		Computer Hardware — 0.6%
	50,700	Apple Inc.		12,892,503
		Computer Software and Services — 4.6%
	11,800	Adobe Inc.†		3,755,232
	5,739	Alphabet Inc., Cl. A†		6,668,431
	16,675	Alphabet Inc., Cl. C†		19,389,857
	5,195	Amazon.com Inc.†		10,128,795
	25,300	Applied Materials Inc.		1,159,246
	5,500	Autodesk Inc.†		858,550
	27,000	Black Knight Inc.†		1,567,620
	3,200	Coupa Software Inc.†		447,136
	15,000	CyrusOne Inc., REIT		926,250
	35,000	eBay Inc.		1,052,100
	24,200	Fidelity National Information Services Inc.		2,943,688
	18,900	Fiserv Inc.†		1,795,311
	805,000	Hewlett Packard Enterprise Co.		7,816,550
	81,000	Internap Corp.†		2,511
	195,849	Microsoft Corp.		30,887,346
	1,718	Perspecta Inc.		31,336

1

The Gabelli Dividend & Income Trust

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

Shares			Market Value
		COMMON STOCKS (Continued)
		Computer Software and Services (Continued)
	10,400	ServiceNow Inc.†	$	2,980,432
				92,410,391
		Consumer Products — 4.3%
	30,000	Church & Dwight Co. Inc.		1,925,400
	370,000	Edgewell Personal Care Co.†		8,909,600
	297,521	Energizer Holdings Inc.		9,000,010
	100,000	Hanesbrands Inc.		787,000
	18,000	Kimberly-Clark Corp.		2,301,660
	42,000	Newell Brands Inc.		557,760
	18,000	Philip Morris International Inc.		1,313,280
	7,000	Stanley Black & Decker Inc.		700,000
	863,000	Swedish Match AB		49,550,824
	7,100	The Estee Lauder Companies Inc., Cl. A		1,131,314
	92,000	The Procter & Gamble Co.		10,120,000
				86,296,848
		Consumer Services — 0.6%
	22,000	Ashtead Group plc		482,443
	26,200	Facebook Inc., Cl. A†		4,370,160
	57,279	GCI Liberty Inc., Cl. A†		3,263,185
	160,000	Qurate Retail Inc., Cl. A†		976,800
	75,000	ServiceMaster Global Holdings Inc.†		2,025,000
				11,117,588
		Diversified Industrial — 3.5%
	35,000	Ardagh Group SA		415,100
	92,000	Bouygues SA		2,711,194
	2,000	Crane Co.		98,360
	32,700	Eaton Corp. plc		2,540,463
	185,000	General Electric Co.		1,468,900
	210,000	Griffon Corp.		2,656,500
	300,613	Honeywell International Inc.		40,219,013
	51,000	ITT Inc.		2,313,360
	10,000	Jardine Strategic Holdings Ltd.		222,000
	10,000	nVent Electric plc		168,700
	20,000	Pentair plc		595,200
	1,500	Roper Technologies Inc.		467,715
	4,000	Sulzer AG		253,922
	449,000	Textron Inc.		11,974,830
	2,000	The Sherwin-Williams Co.		919,040
	315,000	Toray Industries Inc.		1,373,960
	36,000	Trinity Industries Inc.		578,520
				68,976,777
		Electronics — 3.0%
	10,000	Emerson Electric Co.		476,500
	123,400	Intel Corp.		6,678,408
	350,000	Resideo Technologies Inc.†		1,694,000
	526,000	Sony Corp., ADR		31,128,680
	53,000	TE Connectivity Ltd.		3,337,940
	78,500	Texas Instruments Inc.		7,844,505

Shares			Market Value
	34,200	Thermo Fisher Scientific Inc.	$	9,699,120
				60,859,153
		Energy and Utilities: Electric — 0.4%
	11,000	ALLETE Inc.		667,480
	5,000	American Electric Power Co. Inc.		399,900
	70,000	Electric Power Development Co. Ltd.		1,417,903
	23,971	Evergy Inc.		1,319,604
	12,000	Pinnacle West Capital Corp.		909,480
	60,000	The AES Corp.		816,000
	25,000	WEC Energy Group Inc.		2,203,250
				7,733,617
		Energy and Utilities: Integrated — 1.9%
	60,000	Avangrid Inc.		2,626,800
	26,000	Chubu Electric Power Co. Inc.		368,631
	20,000	Endesa SA		429,470
	230,000	Enel SpA		1,607,996
	14,000	Eversource Energy		1,094,940
	19,000	Hawaiian Electric Industries Inc.		817,950
	410,000	Hera SpA		1,477,754
	10,000	Hokkaido Electric Power Co. Inc.		43,525
	24,000	Hokuriku Electric Power Co.		168,965
	45,000	Iberdrola SA, ADR		1,750,837
	122,000	Korea Electric Power Corp., ADR†		921,100
	40,000	Kyushu Electric Power Co. Inc.		323,274
	28,000	MGE Energy Inc.		1,833,160
	65,500	NextEra Energy Inc.		15,760,610
	42,000	NextEra Energy Partners LP		1,806,000
	49,000	NiSource Inc.		1,223,530
	57,500	OGE Energy Corp.		1,766,975
	12,000	Ormat Technologies Inc.		811,920
	20,000	PNM Resources Inc.		760,000
	30,000	Public Service Enterprise Group Inc.		1,347,300
	54,000	Shikoku Electric Power Co. Inc.		428,886
	50,000	The Chugoku Electric Power Co. Inc.		701,232
	20,000	The Kansai Electric Power Co. Inc.		223,855
	45,000	Tohoku Electric Power Co. Inc.		435,666
				38,730,376
		Energy and Utilities: Natural Gas — 1.5%
	30,000	Enterprise Products Partners LP		429,000
	100,000	Kinder Morgan Inc.		1,392,000
	412,000	National Fuel Gas Co.		15,363,480
	36,666	National Grid plc		431,108
	24,750	National Grid plc, ADR		1,442,183
	14,000	ONEOK Inc.		305,340
	58,000	Sempra Energy		6,553,420
	30,000	South Jersey Industries Inc.		750,000
	42,000	Southwest Gas Holdings Inc.		2,921,520
				29,588,051

2

The Gabelli Dividend & Income Trust

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

Shares			Market Value
		COMMON STOCKS (Continued)
		Energy and Utilities: Oil — 2.6%
	34,000	Apache Corp.	$	142,120
	63,000	BP plc, ADR		1,536,570
	15,000	Chesapeake Energy Corp.†		2,591
	107,222	Chevron Corp.		7,769,306
	180,772	ConocoPhillips		5,567,778
	85,000	Devon Energy Corp.		587,350
	140,000	Eni SpA, ADR		2,774,800
	420,000	Equinor ASA, ADR		5,115,600
	89,000	Exxon Mobil Corp.		3,379,330
	15,700	Hess Corp.		522,810
	25,000	KLX Energy Services Holdings Inc.†		17,500
	100,000	Marathon Oil Corp.		329,000
	220,000	Marathon Petroleum Corp.		5,196,400
	100,987	Occidental Petroleum Corp.		1,169,429
	200	PetroChina Co. Ltd., ADR		7,200
	20,000	Petroleo Brasileiro SA, ADR		110,000
	128,000	Phillips 66		6,867,200
	192,000	Repsol SA, ADR		1,735,680
	155,000	Royal Dutch Shell plc, Cl. A, ADR		5,407,950
	84,000	TOTAL SA, ADR		3,128,160
				51,366,774
		Energy and Utilities: Services — 0.3%
	45,000	Diamond Offshore Drilling Inc.†		82,350
	300,100	Halliburton Co.		2,055,685
	60,000	Oceaneering International Inc.†		176,400
	235,000	Schlumberger Ltd.		3,170,150
				5,484,585
		Energy and Utilities: Water — 0.4%
	12,000	American States Water Co.		980,880
	11,500	American Water Works Co. Inc.		1,374,940
	18,000	Essential Utilities Inc.		732,600
	180,000	Mueller Water Products Inc., Cl. A		1,441,800
	38,000	Severn Trent plc		1,076,153
	29,000	SJW Group		1,675,330
	7,500	The York Water Co.		325,950
	6,000	United Utilities Group plc, ADR		134,040
				7,741,693
		Entertainment — 2.0%
	136,000	Discovery Inc., Cl. C†		2,385,440
	75,883	Fox Corp., Cl. A		1,793,115
	201,000	Fox Corp., Cl. B		4,598,880
	28,000	Liberty Media Corp.-Liberty Braves, Cl. A†		546,000
	8,981	Liberty Media Corp.-Liberty Braves, Cl. C†		171,178
	4,600	Netflix Inc.†		1,727,300
	16,000	Take-Two Interactive Software Inc.†		1,897,760
	38,333	The Madison Square Garden Co., Cl. A†		8,103,980
	71,500	The Walt Disney Co.		6,906,900
	64,800	ViacomCBS Inc., Cl. A		1,155,384

Shares			Market Value
	447,000	ViacomCBS Inc., Cl. B	$	6,262,470
	175,000	Vivendi SA		3,768,474
	300,000	Wow Unlimited Media Inc.†(a)(b)		46,898
				39,363,779
		Environmental Services — 1.9%
	190,000	Republic Services Inc.		14,261,400
	23,000	Veolia Environnement SA		494,017
	87,222	Waste Connections Inc.		6,759,705
	179,000	Waste Management Inc.		16,568,240
				38,083,362
		Equipment and Supplies — 1.2%
	81,202	CIRCOR International Inc.†		944,379
	14,800	Danaher Corp.		2,048,468
	71,000	Flowserve Corp.		1,696,190
	164,000	Graco Inc.		7,991,720
	160,000	Mueller Industries Inc.		3,830,400
	518,000	RPC Inc.		1,067,080
	130,000	Sealed Air Corp.		3,212,300
	27,000	Tenaris SA, ADR		325,350
	95,000	The Timken Co.		3,072,300
				24,188,187
		Financial Services — 15.9%
	7,000	Alleghany Corp.		3,866,450
	423,608	American Express Co.		36,265,081
	250,452	American International Group Inc.		6,073,461
	345,000	Bank of America Corp.		7,324,350
	35,000	Berkshire Hathaway Inc., Cl. B†		6,399,050
	19,400	BlackRock Inc.		8,535,418
	19,000	Brookfield Asset Management Inc., Cl. A		840,750
	31,000	Cannae Holdings Inc.†		1,038,190
	140,000	Citigroup Inc.		5,896,800
	75,000	Cohen & Steers Inc.		3,408,750
	24,500	Cullen/Frost Bankers Inc.		1,366,855
	9,000	EXOR NV		466,527
	10	Farmers & Merchants Bank of Long Beach		60,000
	50,000	Fidelity National Financial Inc.		1,244,000
	165,000	Graf Industrial Corp.†		1,724,250
	420,000	H&R Block Inc.		5,913,600
	28,000	HSBC Holdings plc, ADR		784,280
	22,249	Interactive Brokers Group Inc., Cl. A		960,489
	175,000	Invesco Ltd.		1,589,000
	431,417	JPMorgan Chase & Co.		38,840,473
	65,000	KeyCorp.		674,050
	30,000	Kinnevik AB, Cl. B		500,680
	80,000	KKR & Co. Inc., Cl. A		1,877,600
	35,000	M&T Bank Corp.		3,620,050
	195,226	Morgan Stanley		6,637,684
	1,700	MSCI Inc.		491,232
	72,000	National Australia Bank Ltd., ADR		367,200
	140,000	Navient Corp.		1,061,200

3

The Gabelli Dividend & Income Trust

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

Shares			Market Value
		COMMON STOCKS (Continued)
		Financial Services (Continued)
	140,000	New York Community Bancorp Inc.	$	1,314,600
	96,000	Northern Trust Corp.		7,244,160
	346,563	Oaktree Specialty Lending Corp.		1,122,864
	198,489	PayPal Holdings Inc.†		19,003,337
	80,000	Resona Holdings Inc.		241,953
	100,000	Schultze Special Purpose Acquisition Corp.†		1,060,000
	175,000	SLM Corp.		1,258,250
	249,000	State Street Corp.		13,264,230
	208,000	T. Rowe Price Group Inc.		20,311,200
	797,000	The Bank of New York Mellon Corp.		26,842,960
	80,400	The Blackstone Group Inc., Cl. A		3,663,828
	14,000	The Charles Schwab Corp.		470,680
	41,000	The Goldman Sachs Group Inc.		6,338,190
	135,000	The Hartford Financial Services Group Inc.		4,757,400
	225,000	The PNC Financial Services Group Inc.		21,537,000
	96,000	The Travelers Companies Inc.		9,537,600
	24,271	U.S. Bancorp		836,136
	67,500	W. R. Berkley Corp.		3,521,475
	578,000	Waddell & Reed Financial Inc., Cl. A		6,577,640
	720,000	Wells Fargo & Co.		20,664,000
	5,500	Willis Towers Watson plc		934,175
				318,329,148
		Food and Beverage — 14.3%
	12,000	Ajinomoto Co. Inc.		224,376
	12,500	Brown-Forman Corp., Cl. B		693,875
	93,000	Campbell Soup Co.		4,292,880
	1,000,000	China Mengniu Dairy Co. Ltd.		3,476,186
	61,000	Chr. Hansen Holding A/S		4,585,070
	836,000	Conagra Brands Inc.		24,528,240
	20,700	Constellation Brands Inc., Cl. A		2,967,552
	184,000	Danone SA		11,900,033
	3,800,000	Davide Campari-Milano SpA		27,451,197
	80,000	Diageo plc, ADR		10,169,600
	70,954	Flowers Foods Inc.		1,455,976
	270,000	General Mills Inc.		14,247,900
	18,000	Heineken Holding NV		1,386,677
	275,000	ITO EN Ltd.		14,629,156
	86,600	Kellogg Co.		5,195,134
	122,000	Keurig Dr Pepper Inc.		2,960,940
	350,000	Kikkoman Corp.		14,989,537
	95,000	Maple Leaf Foods Inc.		1,722,731
	3,000	McCormick & Co. Inc., Cl. V		427,290
	110,000	Molson Coors Beverage Co., Cl. B		4,291,100
	737,294	Mondelēz International Inc., Cl. A		36,923,684
	30,000	Morinaga Milk Industry Co. Ltd.		1,166,240
	4,000	National Beverage Corp.†		170,600
	22,000	Nestlé SA		2,273,143
	35,000	Nestlé SA, ADR		3,604,650
	149,000	Nissin Foods Holdings Co. Ltd.		12,471,518
	183,000	PepsiCo Inc.		21,978,300

Shares			Market Value
	62,000	Pernod Ricard SA	$	8,851,770
	45,000	Post Holdings Inc.†		3,733,650
	25,000	Remy Cointreau SA		2,747,601
	18,000	Suntory Beverage & Food Ltd.		683,841
	457,000	The Coca-Cola Co.		20,222,250
	65,000	The Hain Celestial Group Inc.†		1,688,050
	20,000	The Kraft Heinz Co.		494,800
	25,000	Unilever plc, ADR		1,264,250
	263,000	Yakult Honsha Co. Ltd.		15,629,575
				285,499,372
		Health Care — 10.5%
	60,000	Abbott Laboratories		4,734,600
	20,000	Alexion Pharmaceuticals Inc.†		1,795,800
	43,000	Allergan plc		7,615,300
	62,000	AmerisourceBergen Corp.		5,487,000
	13,500	Anthem Inc.		3,065,040
	130,000	Bausch Health Cos. Inc.†		2,015,000
	45,000	Baxter International Inc.		3,653,550
	12,500	Becton, Dickinson and Co.		2,872,125
	10,000	Bio-Rad Laboratories Inc., Cl. A†		3,505,600
	192,000	Bristol-Myers Squibb Co.		10,702,080
	45,000	Cardiovascular Systems Inc.†		1,584,450
	13,861	Charles River Laboratories International Inc.†		1,749,397
	5,000	Chemed Corp.		2,166,000
	62,000	Cigna Corp.		10,985,160
	45,000	DaVita Inc.†		3,422,700
	30,000	DENTSPLY SIRONA Inc.		1,164,900
	8,900	Edwards Lifesciences Corp.†		1,678,718
	41,000	Elanco Animal Health Inc.†		917,990
	60,000	Eli Lilly & Co.		8,323,200
	450,000	Evolent Health Inc., Cl. A†		2,443,500
	35,000	Gerresheimer AG		2,231,168
	64,271	Gilead Sciences Inc.		4,804,900
	40,000	GlaxoSmithKline plc, ADR		1,515,600
	45,000	HCA Healthcare Inc.		4,043,250
	25,000	Henry Schein Inc.†		1,263,000
	1,700	Illumina Inc.†		464,304
	7,500	Incyte Corp.†		549,225
	40,000	Integer Holdings Corp.†		2,514,400
	1,000	Intuitive Surgical Inc.†		495,210
	103,100	Johnson & Johnson		13,519,503
	27,500	Laboratory Corp. of America Holdings†		3,475,725
	20,302	Ligand Pharmaceuticals Inc.†		1,476,361
	20,000	McKesson Corp.		2,705,200
	53,500	Medtronic plc		4,824,630
	254,779	Merck & Co. Inc.		19,602,696
	100,000	Mylan NV†		1,491,000
	50,000	NeoGenomics Inc.†		1,380,500
	176,250	Option Care Health Inc.†		1,669,088
	45,000	Orthofix Medical Inc.†		1,260,450
	94,000	Owens & Minor Inc.		860,100

4

The Gabelli Dividend & Income Trust

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

Shares			Market Value
		COMMON STOCKS (Continued)
		Health Care (Continued)
	88,000	Patterson Cos. Inc.	$	1,345,520
	90,000	Perrigo Co. plc		4,328,100
	125,000	Personalis Inc.†		1,008,750
	95,000	PetIQ Inc.†		2,206,850
	524,724	Pfizer Inc.		17,126,991
	10,000	Ra Pharmaceuticals Inc.†		480,100
	15,000	Stryker Corp.		2,497,350
	125,850	Takeda Pharmaceutical Co. Ltd., ADR		1,910,403
	25,000	Tenet Healthcare Corp.†		360,000
	11,600	The Cooper Companies Inc.		3,197,772
	26,000	UnitedHealth Group Inc.		6,483,880
	43,000	Zimmer Biomet Holdings Inc.		4,346,440
	119,238	Zoetis Inc.		14,033,120
				209,353,696
		Hotels and Gaming — 0.3%
	19,000	Accor SA		523,878
	90,000	Boyd Gaming Corp.		1,297,800
	20,000	GVC Holdings plc		139,363
	23,000	Las Vegas Sands Corp.		976,810
	400,000	Mandarin Oriental International Ltd.		512,000
	149,000	MGM Resorts International		1,758,200
	30,000	Ryman Hospitality Properties Inc., REIT		1,075,500
	300,000	William Hill plc		253,909
	7,000	Wyndham Destinations Inc.		151,900
	6,000	Wyndham Hotels & Resorts Inc.		189,060
				6,878,420
		Machinery — 1.9%
	22,000	Astec Industries Inc.		769,340
	170,000	CNH Industrial NV, Borsa Italiana		977,964
	1,340,000	CNH Industrial NV, New York		7,517,400
	89,000	Deere & Co.		12,296,240
	258,000	Xylem Inc.		16,803,540
				38,364,484
		Metals and Mining — 1.2%
	65,000	Agnico Eagle Mines Ltd.		2,586,350
	30,000	Alliance Resource Partners LP		93,000
	167,588	Barrick Gold Corp.		3,070,212
	8,000	BHP Group Ltd., ADR		293,520
	36,000	Franco-Nevada Corp.		3,596,930
	145,000	Freeport-McMoRan Inc.		978,750
	280,332	Newmont Corp.		12,693,433
	89,200	TimkenSteel Corp.†		288,116
				23,600,311
		Paper and Forest Products — 0.1%
	50,000	International Paper Co.		1,556,500
		Publishing — 0.0%
	600	Graham Holdings Co., Cl. B		204,702

Shares			Market Value
	35,000	News Corp., Cl. B	$	314,650
				519,352
		Real Estate — 0.5%
	7,900	American Tower Corp., REIT		1,720,225
	27,000	Crown Castle International Corp., REIT		3,898,800
	5,000	Equinix Inc., REIT		3,122,850
	10,000	QTS Realty Trust Inc., Cl. A, REIT		580,100
	75,000	Weyerhaeuser Co., REIT		1,271,250
				10,593,225
		Retail — 3.4%
	29,000	Advance Auto Parts Inc.		2,706,280
	71,000	AutoNation Inc.†		1,992,260
	1,700	AutoZone Inc.†		1,438,200
	14,000	CarMax Inc.†		753,620
	400	Carvana Co.†		22,036
	6,100	Costco Wholesale Corp.		1,739,293
	245,000	CVS Health Corp.		14,535,850
	259,477	Hertz Global Holdings Inc.†		1,603,568
	123,500	Ingles Markets Inc., Cl. A		4,465,760
	90,000	Lowe’s Companies Inc.		7,744,500
	24,200	McDonald’s Corp.		4,001,470
	6,000	MSC Industrial Direct Co. Inc., Cl. A		329,820
	15,100	NIKE Inc., Cl. B		1,249,374
	25,000	Rush Enterprises Inc., Cl. B		762,750
	257,200	Sally Beauty Holdings Inc.†		2,078,176
	110,000	Seven & i Holdings Co. Ltd.		3,658,312
	57,000	Starbucks Corp.		3,747,180
	33,600	The Home Depot Inc.		6,273,456
	150,000	Walgreens Boots Alliance Inc.		6,862,500
	20,000	Walmart Inc.		2,272,400
				68,236,805
		Semiconductors — 0.3%
	3,600	ASML Holding NV		941,904
	3,800	Lam Research Corp.		912,000
	14,000	NVIDIA Corp.		3,690,400
				5,544,304
		Specialty Chemicals — 2.1%
	35,000	Air Products & Chemicals Inc.		6,986,350
	60,000	Ashland Global Holdings Inc.		3,004,200
	10,000	Axalta Coating Systems Ltd.†		172,700
	55,000	Dow Inc.		1,608,200
	451,000	DuPont de Nemours Inc.		15,379,100
	440,000	Ferro Corp.†		4,118,400
	65,000	International Flavors & Fragrances Inc.		6,635,200
	85,000	Olin Corp.		991,950
	9,000	Sensient Technologies Corp.		391,590
	192,359	Valvoline Inc.		2,517,979
				41,805,669

5

The Gabelli Dividend & Income Trust

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

Shares			Market Value
		COMMON STOCKS (Continued)
		Telecommunications — 3.7%
	175,000	AT&T Inc.	$	5,101,250
	197,000	BCE Inc.		8,049,420
	430,000	Deutsche Telekom AG, ADR†		5,564,200
	195,000	Hellenic Telecommunications Organization SA, ADR		1,232,400
	118,000	Loral Space & Communications Inc.†		1,917,500
	50,000	Orange SA, ADR		604,000
	50,000	Pharol SGPS SA†		3,761
	40,000	Proximus SA		920,701
	50,000	Telefonica SA, ADR		228,500
	295,000	Telekom Austria AG		2,066,009
	23,000	Telenet Group Holding NV		696,063
	155,000	Telephone & Data Systems Inc.		2,597,800
	110,000	Telstra Corp. Ltd., ADR		1,038,290
	270,000	TELUS Corp.		4,260,600
	40,000	T-Mobile US Inc.†		3,356,000
	150,000	VEON Ltd., ADR		226,500
	623,086	Verizon Communications Inc.		33,478,411
	120,000	Vodafone Group plc, ADR		1,652,400
				72,993,805
		Transportation — 0.8%
	40,000	Fortress Transportation & Infrastructure Investors LLC		328,000
	220,000	GATX Corp.		13,763,200
	11,500	Kansas City Southern		1,462,570
				15,553,770
		Wireless Communications — 0.2%
	130,000	United States Cellular Corp.†		3,807,700
		TOTAL COMMON STOCKS		1,905,954,784
		CLOSED-END FUNDS — 0.1%
	40,000	Altaba Inc., Escrow†		830,000
		CONVERTIBLE PREFERRED STOCKS — 0.1%
		Telecommunications — 0.1%
	51,000	Cincinnati Bell Inc., 6.750%, Ser. B		2,246,550
		MANDATORY CONVERTIBLE SECURITIES (c) — 0.3%
		Energy and Utilities — 0.3%
	126,000	El Paso Energy Capital Trust I, 4.750%, 03/31/28		5,418,000
		Health Care — 0.0%
	15,000	Avantor Inc., 6.250%, Ser. A, 05/15/22		650,400
		TOTAL MANDATORY CONVERTIBLE SECURITIES		6,068,400

Shares			Market Value
		PREFERRED STOCKS — 0.1%
		Consumer Services — 0.0%
	2,000	GCI Liberty Inc., Ser. A, 7.000%	$	46,040
		Health Care — 0.1%
	133,681	The Phoenix Companies Inc., 7.450%, 01/15/32		1,503,911
		TOTAL PREFERRED STOCKS		1,549,951
		RIGHTS — 0.0%
		Health Care — 0.0%
	98,650	Bristol-Myers Squibb Co., CVR†		374,870
		WARRANTS — 0.0%
		Energy and Utilities: Services — 0.0%
	3,081	Weatherford International plc, expire 11/26/23†		863
Principal Amount
		CONVERTIBLE CORPORATE BONDS — 0.1%
		Cable and Satellite — 0.1%
	$1,700,000	DISH Network Corp., 3.375%, 08/15/26		1,384,398
		CORPORATE BONDS — 0.0%
		Equipment and Supplies — 0.0%
	50,000	Mueller Industries Inc., 6.000%, 03/01/27		45,552
		U.S. GOVERNMENT OBLIGATIONS — 3.9%
	78,591,000	U.S. Treasury Bills,
		0.050% to 1.613%††,
		04/09/20 to 09/10/20		78,579,980
		TOTAL INVESTMENTS — 100.0%
		(Cost $1,777,826,229)	$	1,997,035,348

(a) Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. This security may be resold in transactions exempt from registration, normally to qualified institutional buyers.

(b) At March 31, 2020, the Fund held an investment in a restricted and illiquid security amounting to $46,898 or 0.00% of total investments, which was valued under methods approved by the Board of Trustees as follows:

							03/31/20
							Carrying
							Value
Acquisition			Acquisition		Acquisition		Per
Shares		Issuer	Date		Cost		Share
	300,000	Wow Unlimited Media Inc.		06/05/18		$345,198		$0.1563

6

The Gabelli Dividend & Income Trust

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

(c) 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.

†† Represents annualized yields at dates of purchase.

ADR American Depositary Receipt

CVR Contingent Value Right

REIT Real Estate Investment Trust

	% of Total			Market
Geographic Diversification	Investments			Value
Long Positions
North America		83.5	%		$	1,667,073,095
Europe		11.0				220,495,270
Japan		5.1				102,219,487
Asia/Pacific		0.4				7,137,496
Latin America		0.0	*			110,000
Total Investments		100.0	%		$	1,997,035,348

* Amount represents less than 0.05%.

7