The Gabelli Global Utility & Income Trust (GLU) NPORT-P Gabelli Global Utility & Income Trust (Mar 2021 report)

The Gabelli Global Utility & Income Trust

Schedule of Investments — March 31, 2021 (Unaudited)

Shares			Market Value
		COMMON STOCKS — 85.6%
		ENERGY AND UTILITIES — 40.9%
		Alternative Energy — 3.7%
		Non U.S. Companies
	68,000	Siemens Gamesa Renewable Energy SA†	$	2,631,539
	450	SolarEdge Technologies Inc.†		129,348
	1,700	Vestas Wind Systems A/S		348,938
		U.S. Companies
	1,950	Brookfield Renewable Corp., Cl. A		91,260
	36,314	NextEra Energy Partners LP		2,646,564
	8,150	Ormat Technologies Inc.		640,020
				6,487,669
		Diversified Industrial — 2.1%
		Non U.S. Companies
	16,000	Bouygues SA		641,514
	16,500	Jardine Matheson Holdings Ltd.		1,078,935
	17,000	Jardine Strategic Holdings Ltd.		561,340
		U.S. Companies
	29,000	Flowserve Corp.		1,125,490
	22,000	General Electric Co.		288,860
	4,500	Mueller Water Products Inc., Cl. A		62,505
				3,758,644
		Electric Transmission and Distribution — 2.5%
		Non U.S. Companies
	8,500	Algonquin Power & Utilities Corp.		134,666
	1,700	Boralex Inc., Cl. A		53,461
	28,000	Enel Chile SA, ADR		109,760
	1,000	Equatorial Energia SA		4,394
	12,000	Fortis Inc.		520,697
	1,250	Fortis Inc.		54,214
	8,600	Landis+Gyr Group AG		578,702
	1,100	Orsted AS		177,661
	20,000	Red Electrica Corp. SA		354,155
		U.S. Companies
	2,400	Consolidated Edison Inc.		179,520
	350	Sempra Energy		46,403
	30,000	Twin Disc Inc.†		286,800
	6,000	Unitil Corp.		274,140
	16,300	WEC Energy Group Inc.		1,525,517
				4,300,090
		Energy and Utilities: Integrated — 22.8%
		Non U.S. Companies
	140,000	A2A SpA		254,804
	14,000	BP plc, ADR		340,900
	10,000	Chubu Electric Power Co. Inc.		128,697
	152,000	Datang International Power Generation Co. Ltd., Cl. H		24,245
	2,000	E.ON SE		23,276

Shares			Market Value
	14,000	E.ON SE, ADR	$	163,940
	20,615	EDP - Energias de Portugal SA		117,733
	9,000	EDP - Energias de Portugal SA, ADR		519,750
	15,000	Electric Power Development Co. Ltd.		262,000
	35,000	Emera Inc.		1,557,691
	8,500	Endesa SA		224,877
	28,000	Enel Americas SA, ADR		237,440
	157,000	Enel SpA		1,563,679
	4,000	Eni SpA		49,225
	6,000	Eni SpA, ADR		148,260
	230,000	Hera SpA		881,448
	12,000	Hokkaido Electric Power Co. Inc.		54,730
	20,000	Hokuriku Electric Power Co.		136,735
	14,000	Huaneng Power International Inc., ADR		200,200
	216,600	Iberdrola SA		2,790,265
	1,800	Innergex Renewable Energy Inc.		31,468
	36,000	Korea Electric Power Corp., ADR†		369,360
	22,000	Kyushu Electric Power Co. Inc.		216,970
	12,000	Shikoku Electric Power Co. Inc.		93,204
	15,000	The Chugoku Electric Power Co. Inc.		184,105
	14,000	The Kansai Electric Power Co. Inc.		151,474
	7,000	Tohoku Electric Power Co. Inc.		66,065
	100	Uniper SE		3,621
	2,000	Verbund AG		145,415
		U.S. Companies
	2,000	ALLETE Inc.		134,380
	1,400	Alliant Energy Corp.		75,824
	18,500	Ameren Corp.		1,505,160
	25,000	American Electric Power Co. Inc.		2,117,500
	17,600	Avangrid Inc.		876,656
	18,000	Avista Corp.		859,500
	600	Black Hills Corp.		40,062
	500	CMS Energy Corp.		30,610
	10,500	Dominion Energy Inc.		797,580
	1,000	DTE Energy Co.		133,140
	10,700	Duke Energy Corp.		1,032,871
	500	Entergy Corp.		49,735
	2,000	Eos Energy Enterprises Inc.†		39,440
	17,500	Evergy Inc.		1,041,775
	20,700	Eversource Energy		1,792,413
	100	FirstEnergy Corp.		3,469
	380,000	Gulf Coast Ultra Deep Royalty Trust		15,200
	16,000	Hawaiian Electric Industries Inc.		710,880
	300	IDACORP Inc.		29,991
	10,000	MGE Energy Inc.		713,900
	21,200	NextEra Energy Inc.		1,602,932
	36,000	NiSource Inc.		867,960
	11,000	NorthWestern Corp.		717,200
	35,000	OGE Energy Corp.		1,132,600
	14,000	Otter Tail Corp.		646,380

1

The Gabelli Global Utility & Income Trust

Schedule of Investments (Continued) — March 31, 2021 (Unaudited)

Shares			Market Value
		COMMON STOCKS (Continued)
		ENERGY AND UTILITIES (Continued)
		Energy and Utilities: Integrated (Continued)
		U.S. Companies (Continued)
	13,500	PG&E Corp.†	$	158,085
	14,000	Pinnacle West Capital Corp.		1,138,900
	35,000	PNM Resources Inc.		1,716,750
	40,500	Portland General Electric Co.		1,922,535
	9,900	PPL Corp.		285,516
	15,000	Public Service Enterprise Group Inc.		903,150
	121,500	The AES Corp.		3,257,415
	19,000	The Southern Co.		1,181,040
	18,500	Xcel Energy Inc.		1,230,435
				39,702,561
		Environmental Services — 0.3%
		Non U.S. Companies
	2,500	Cia de Saneamento Basico do Estado de Sao Paulo, ADR		18,325
	900	Pentair plc		56,088
	2,500	Suez SA		52,947
	13,000	Veolia Environnement SA		333,258
		U.S. Companies
	300	Tetra Tech Inc.		40,716
				501,334
		Independent Power Producers and Energy Traders — 0.1%
		Non U.S. Companies
	3,000	Atlantica Sustainable Infrastructure plc		109,890
		Natural Gas Integrated — 2.4%
		Non U.S. Companies
	80,000	Snam SpA		443,562
	1,100	TC Energy Corp.		50,325
		U.S. Companies
	30,000	Kinder Morgan Inc.		499,500
	61,000	National Fuel Gas Co.		3,049,390
	4,000	ONEOK Inc.		202,640
				4,245,417
		Natural Gas Utilities — 2.4%
		Non U.S. Companies
	1,500	Enagas SA		32,578
	1,000	Engie SA†		14,196
	9,800	Engie SA, ADR†		139,846
	16,000	Italgas SpA		103,854
	101,000	National Grid plc		1,203,022
	15,700	National Grid plc, ADR		930,068
		U.S. Companies
	6,000	Atmos Energy Corp.		593,100

Shares			Market Value
	1,700	Chesapeake Utilities Corp.	$	197,336
	1,300	ONE Gas Inc.		99,983
	10,000	Southwest Gas Holdings Inc.		687,100
	2,000	Spire Inc.		147,780
				4,148,863
		Natural Resources — 0.3%
		Non U.S. Companies
	12,000	Cameco Corp.		199,320
	200	Linde plc		56,028
		U.S. Companies
	4,000	APA Corp.		71,600
	2,000	Diamondback Energy Inc.		146,980
				473,928
		Oil — 0.3%
		Non U.S. Companies
	4,400	PetroChina Co. Ltd., ADR		159,060
	10,000	Petroleo Brasileiro SA, ADR		84,800
	8,000	Royal Dutch Shell plc, Cl. A, ADR		313,680
		U.S. Companies
	1,000	ConocoPhillips		52,970
				610,510
		Services — 2.2%
		Non U.S. Companies
	1,000	ABB Ltd.		30,217
	35,000	ABB Ltd., ADR		1,066,450
	23,000	Enbridge Inc.		837,200
	5,726	First Sensor AG		272,624
		U.S. Companies
	29,500	AZZ Inc.		1,485,325
	10,000	Halliburton Co.		214,600
				3,906,416
		Water — 1.8%
		Non U.S. Companies
	1,500	Cia de Saneamento de Minas Gerais-COPASA		4,048
	5,000	Consolidated Water Co. Ltd.		67,250
	2,000	Fluidra SA		57,110
	34,000	Severn Trent plc		1,080,878
	35,000	United Utilities Group plc		446,708
		U.S. Companies
	500	Artesian Resources Corp., Cl. A		19,690
	5,400	California Water Service Group		304,236
	8,000	Essential Utilities Inc.		358,000
	40,000	Fluence Corp. Ltd.†		6,380
	4,000	Middlesex Water Co.		316,080

2

The Gabelli Global Utility & Income Trust

Schedule of Investments (Continued) — March 31, 2021 (Unaudited)

Shares			Market Value
		COMMON STOCKS (Continued)
		ENERGY AND UTILITIES (Continued)
		Water (Continued)
		U.S. Companies (Continued)
	7,000	SJW Group	$	440,930
				3,101,310
		TOTAL ENERGY AND UTILITIES		71,346,632
		OTHER — 28.1%
		Aerospace — 0.4%
		Non U.S. Companies
	130,000	Rolls-Royce Holdings plc†		188,717
		U.S. Companies
	12,000	AAR Corp.†		499,800
				688,517
		Automotive — 0.0%
		Non U.S. Companies
	350	Ferrari NV		73,248
		Building and Construction — 0.9%
		Non U.S. Companies
	500	Acciona SA		83,789
	1,700	Sika AG		485,637
	25,000	Vantage Towers AG†		703,620
		U.S. Companies
	4,000	Arcosa Inc.		260,360
				1,533,406
		Business Services — 1.6%
		Non U.S. Companies
	48,000	JCDecaux SA†		1,210,226
	140,000	Sistema PJSC FC, GDR		1,265,600
		U.S. Companies
	10,000	Diebold Nixdorf Inc.†		141,300
	7,500	Macquarie Infrastructure Corp.		238,575
				2,855,701
		Computer Software and Services — 1.0%
		Non U.S. Companies
	3,600	Prosus NV		400,219
	2,000	Tencent Holdings Ltd.		156,931
		U.S. Companies
	2,200	Global Payments Inc.		443,476
	12,500	Talend SA, ADR†		795,500
				1,796,126
		Consumer Products — 2.4%
		Non U.S. Companies
	16,000	Essity AB, Cl. B		505,459

Shares			Market Value
	500	Ferguson plc	$	59,749
	1,500	Salvatore Ferragamo SpA†		28,778
	12,000	Scandinavian Tobacco Group A/S		230,229
	43,000	Swedish Match AB		3,356,909
				4,181,124
		Consumer Services — 0.7%
		U.S. Companies
	30,000	Matthews International Corp., Cl. A		1,186,500
		Diversified Industrial — 1.1%
		Non U.S. Companies
	46,000	Ardagh Group SA		1,168,860
	600	Sulzer AG		67,481
		U.S. Companies
	23,000	Trinity Industries Inc.		655,270
				1,891,611
		Electronics — 1.9%
		Non U.S. Companies
	6,500	Kyocera Corp.		412,396
	1,000	Signify NV†		51,552
	26,000	Sony Group Corp., ADR		2,756,260
		U.S. Companies
	400	Hubbell Inc.		74,756
				3,294,964
		Entertainment — 2.1%
		Non U.S. Companies
	80,000	Grupo Televisa SAB, ADR†		708,800
	24,000	Manchester United plc, Cl. A		377,760
	2,000	Naspers Ltd., Cl. N		478,552
	46,000	Vivendi SE		1,510,438
		U.S. Companies
	16,000	Fox Corp., Cl. B		558,880
				3,634,430
		Financial Services — 4.3%
		Non U.S. Companies
	4,500	Brookfield Asset Management Inc., Cl. A		200,250
	55,000	Commerzbank AG†		337,198
	50,000	Credit Suisse Group AG		523,832
	28,000	Credit Suisse Group AG, ADR		296,800
	8,000	Deutsche Bank AG†		96,000
	65,000	GAM Holding AG†		171,105
	15,000	Janus Henderson Group plc		467,250
	10,000	Kinnevik AB, Cl. A		517,550
	100,000	Resona Holdings Inc.		419,779
	30,000	UBS Group AG		465,900
	30,000	UBS Group AG		464,529

3

The Gabelli Global Utility & Income Trust

Schedule of Investments (Continued) — March 31, 2021 (Unaudited)

Shares			Market Value
		COMMON STOCKS (Continued)
		OTHER (Continued)
		Financial Services (Continued)
		U.S. Companies
	7,500	AllianceBernstein Holding LP	$	299,925
	20,000	Bank of America Corp.		773,800
	1,000	M&T Bank Corp.		151,610
	15,000	The Bank of New York Mellon Corp.		709,350
	2,000	The Goldman Sachs Group Inc.		654,000
	17,900	UGI Corp.		734,079
	4,000	Wells Fargo & Co.		156,280
				7,439,237
		Food and Beverage — 4.9%
		Non U.S. Companies
	110	Chocoladefabriken Lindt & Spruengli AG		960,165
	3,000	Chr. Hansen Holding A/S†		272,605
	68,000	Davide Campari-Milano NV		761,711
	7,500	Diageo plc, ADR		1,231,575
	2,000	Fomento Economico Mexicano SAB de CV, ADR		150,660
	6,500	Heineken NV		667,888
	700	Kerry Group plc, Cl. A		88,082
	3,000	Kikkoman Corp.		178,550
	55,000	Maple Leaf Foods Inc.		1,253,879
	10,000	Nestlé SA		1,114,532
	2,000	Pernod Ricard SA		375,381
	2,000	Remy Cointreau SA		369,402
	1,000	Yakult Honsha Co. Ltd.		50,576
		U.S. Companies
	11,000	McCormick & Co. Inc., Non-Voting		980,760
				8,455,766
		Health Care — 0.6%
		U.S. Companies
	2,400	Alexion Pharmaceuticals Inc.†		366,984
	21,000	Pfizer Inc.		760,830
				1,127,814
		Hotels and Gaming — 2.7%
		Non U.S. Companies
	150,000	Genting Singapore Ltd.		102,587
	460,000	Mandarin Oriental International Ltd.†		818,800
	370,000	The Hongkong & Shanghai Hotels Ltd.		367,901
	720,000	William Hill plc†		2,699,850
		U.S. Companies
	2,000	Churchill Downs Inc.		454,840
	10,000	Extended Stay America Inc.		197,500
				4,641,478
		Machinery — 1.8%
		Non U.S. Companies
	185,000	CNH Industrial NV†		2,893,400

Shares			Market Value
		U.S. Companies
	3,000	Xylem Inc.		315,540
				3,208,940
		Specialty Chemicals — 1.5%
		Non U.S. Companies
	6,000	Axalta Coating Systems Ltd.†		177,480
	600	Givaudan SA		2,312,014
		U.S. Companies
	300	Air Products and Chemicals Inc.		84,402
				2,573,896
		Transportation — 0.2%
		U.S. Companies
	4,500	GATX Corp.		417,330
		TOTAL OTHER		49,000,088
		COMMUNICATIONS — 16.3%
		Cable and Satellite — 5.2%
		Non U.S. Companies
	11,000	Cogeco Inc.		848,611
	70,000	ITV plc†		115,947
	27,100	Liberty Global plc, Cl. A†		695,386
	44,000	Liberty Global plc, Cl. C†		1,123,760
	30,000	Liberty Latin America Ltd., Cl. A†		384,900
	45,000	Rogers Communications Inc., Cl. B		2,074,500
		U.S. Companies
	200	Charter Communications Inc., Cl. A†		123,404
	16,000	Comcast Corp., Cl. A		865,760
	38,000	DISH Network Corp., Cl. A†		1,375,600
	6,000	EchoStar Corp., Cl. A†		144,000
	168	Liberty Broadband Corp., Cl. B†		25,158
	3,632	Liberty Latin America Ltd., Cl. C†		47,143
	85,000	WideOpenWest Inc.†		1,155,150
				8,979,319
		Telecommunications — 9.4%
		Non U.S. Companies
	37,000	BCE Inc.		1,670,180
	140,000	BT Group plc, Cl. A†		298,770
	44,000	Deutsche Telekom AG		885,951
	56,000	Deutsche Telekom AG, ADR		1,133,440
	25,000	Euskaltel SA		325,424
	465,000	Koninklijke KPN NV		1,578,114
	12,000	Maroc Telecom		182,941
	90,000	Orange Belgium SA		2,416,935
	5,000	Orange SA, ADR		61,650
	27,000	Orascom Investment Holding, GDR		1,350
	60,000	Pharol SGPS SA†		8,232

4

The Gabelli Global Utility & Income Trust

Schedule of Investments (Continued) — March 31, 2021 (Unaudited)

Shares			Market Value
		COMMON STOCKS (Continued)
		COMMUNICATIONS (Continued)
		Telecommunications (Continued)
		Non U.S. Companies (Continued)
	8,000	Proximus SA	$	174,124
	1,200	Swisscom AG		643,707
	2,000	Swisscom AG, ADR		107,740
	40,000	Telecom Italia SpA		21,634
	13,500	Telefonica Brasil SA, ADR		106,245
	45,000	Telefonica Deutschland Holding AG		131,929
	72,791	Telefonica SA, ADR		329,743
	70,000	Telekom Austria AG		551,638
	24,000	Telenet Group Holding NV		973,247
	5,000	TELUS Corp.		99,586
	300,000	VEON Ltd., ADR†		531,000
		U.S. Companies
	7,000	AT&T Inc.		211,890
	6,000	Loral Space & Communications Inc.		226,020
	60,000	Lumen Technologies Inc.		801,000
	10,000	Shenandoah Telecommunications Co.		488,100
	15,000	Telephone and Data Systems Inc.		344,400
	1,000	T-Mobile US Inc.†		125,290
	32,000	Verizon Communications Inc.		1,860,800
				16,291,080
		Wireless Communications — 1.7%
		Non U.S. Companies
	3,000	America Movil SAB de CV, Cl. L, ADR		40,740
	5,000	Infrastrutture Wireless Italiane SpA		55,703
	20,000	Millicom International Cellular SA, SDR†		769,455
	6,000	Mobile TeleSystems PJSC, ADR		50,040
	6,000	SK Telecom Co. Ltd., ADR		163,380
	20,000	Turkcell Iletisim Hizmetleri A/S, ADR		93,400
	75,000	Vodafone Group plc, ADR		1,382,250
		U.S. Companies
	4,000	Anterix Inc.†		188,640
	8,000	United States Cellular Corp.†		291,840
				3,035,448
		TOTAL COMMUNICATIONS		28,305,847
		INDEPENDENT POWER PRODUCERS AND ENERGY TRADERS — 0.3%
		Independent Power Producers and Energy Traders — 0.3%
		U.S. Companies
	150,000	Atlantic Power Corp.†		433,500
	3,000	NRG Energy Inc.		113,190
				546,690
		TOTAL INDEPENDENT POWER PRODUCERS AND ENERGY TRADERS		546,690

Shares			Market Value
		DIVERSIFIED INDUSTRIAL — 0.0%
		Electronics — 0.0%
		U.S. Companies
	100	Roper Technologies Inc.	$	40,334
		ENVIRONMENTAL SERVICES — 0.0%
		Water — 0.0%
		U.S. Companies
	1,500	Evoqua Water Technologies Corp.†		39,450
		TOTAL COMMON STOCKS		149,279,041
		CLOSED-END FUNDS — 0.1%
	10,000	Altaba Inc., Escrow†		145,500
		RIGHTS — 0.0%
		ENERGY AND UTILITIES — 0.0%
		Diversified Industrial — 0.0%
		Non U.S. Companies
	80,000	Snam SpA, expire 04/07/21†		82
		OTHER — 0.0%
		Health Care — 0.0%
		Non U.S. Companies
	17,029	Ipsen SA/Clementia, CVR†(a)		0
		TOTAL RIGHTS		82
		WARRANTS — 0.0%
		ENERGY AND UTILITIES — 0.0%
		Natural Resources — 0.0%
		U.S. Companies
	1,500	Occidental Petroleum Corp., expire 08/03/27†		17,865
		Services — 0.0%
		Non U.S. Companies
	2,850	Weatherford International plc, expire 12/13/23†		1,226
		TOTAL ENERGY AND UTILITIES		19,091
		TOTAL WARRANTS		19,091
Principal Amount
		U.S. GOVERNMENT OBLIGATIONS — 14.3%
	$24,918,000	U.S. Treasury Bills, 0.025% to 0.115%††, 04/22/21 to 09/23/21		24,917,318
		TOTAL INVESTMENTS — 100.0% (Cost $133,683,546)	$	174,361,032

5

The Gabelli Global Utility & Income Trust

Schedule of Investments (Continued) — March 31, 2021 (Unaudited)

(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

CVR Contingent Value Right

GDR Global Depositary Receipt

SDR Swedish Depositary Receipt

Geographic Diversification	% of Total Investments			Market Value
North America		57.9	%		$	100,905,051
Europe		35.6				62,146,396
Japan		2.9				5,111,541
Asia/Pacific		2.3				4,002,739
Latin America		0.9				1,532,462
South Africa		0.3				478,552
Africa/Middle East		0.1				184,291
Total Investments		100.0	%		$	174,361,032

6