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

1

The

Gabelli

Global

Utility

&

Income

Trust

Schedule

of

Investments

—

September

30,

2021

(Unaudited)

Shares

Market

Value

COMMON

STOCKS

—

82.6%

ENERGY

AND

UTILITIES

 —

39.5%

Alternative

Energy

 —

3.2%

Non

U.S.

Companies

1,950‌

Brookfield

Renewable

Corp.,

Cl. A

........

$

75,679‌

68,000‌

Siemens

Gamesa

Renewable

Energy

SA†

.

1,734,467‌

8,500‌

Vestas

Wind

Systems

A/S

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

340,927‌

U.S.

Companies

36,814‌

NextEra

Energy

Partners

LP

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

2,774,303‌

7,500‌

Ormat

Technologies

Inc.

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

499,575‌

450‌

SolarEdge

Technologies

Inc.†

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

119,349‌

5,544,300‌

Diversified

Industrial

 —

1.7%

Non

U.S.

Companies

16,000‌

Bouygues

SA

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

665,356‌

18,000‌

Jardine

Matheson

Holdings

Ltd.

.........

954,720‌

U.S.

Companies

29,000‌

Flowserve

Corp.

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

1,005,430‌

2,750‌

General

Electric

Co.

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

283,333‌

4,500‌

Mueller

Water

Products

Inc.,

Cl. A

........

68,490‌

2,977,329‌

Electric

Transmission

and

Distribution

 —

2.4%

Non

U.S.

Companies

8,500‌

Algonquin

Power

&

Utilities

Corp.

........

124,621‌

1,700‌

Boralex

Inc.,

Cl. A

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

50,197‌

28,000‌

Enel

Chile

SA,

ADR

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

67,480‌

12,000‌

Fortis

Inc.

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

532,354‌

1,250‌

Fortis

Inc.

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

55,413‌

8,600‌

Landis+Gyr

Group

AG

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

557,369‌

1,100‌

Orsted

AS

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

145,433‌

20,000‌

Red

Electrica

Corp.

SA

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

401,021‌

U.S.

Companies

2,400‌

Consolidated

Edison

Inc.

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

174,216‌

350‌

Sempra

Energy

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

44,275‌

30,000‌

Twin

Disc

Inc.†

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

319,800‌

6,000‌

Unitil

Corp.

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

256,680‌

16,300‌

WEC

Energy

Group

Inc.

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

1,437,660‌

4,166,519‌

Energy

and

Utilities:

Integrated

 —

21.6%

Non

U.S.

Companies

140,000‌

A2A

SpA

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

287,931‌

10,000‌

Chubu

Electric

Power

Co.

Inc.

...........

118,738‌

152,000‌

Datang

International

Power

Generation

Co.

Ltd.,

Cl. H

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

29,288‌

2,000‌

E.ON

SE

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

24,483‌

14,000‌

E.ON

SE,

ADR

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

171,500‌

20,615‌

EDP

-

Energias

de

Portugal

SA

...........

108,293‌

9,000‌

EDP

-

Energias

de

Portugal

SA,

ADR

.....

473,445‌

15,000‌

Electric

Power

Development

Co.

Ltd.

.....

217,934‌

Shares

Market

Value

35,000‌

Emera

Inc.

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

$

1,585,031‌

8,500‌

Endesa

SA

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

171,517‌

28,000‌

Enel

Americas

SA,

ADR

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

163,800‌

157,000‌

Enel

SpA

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

1,209,557‌

4,000‌

Eni

SpA

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

53,497‌

6,000‌

Eni

SpA,

ADR

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

160,500‌

230,000‌

Hera

SpA

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

942,063‌

12,000‌

Hokkaido

Electric

Power

Co.

Inc.

.........

57,685‌

18,000‌

Hokuriku

Electric

Power

Co.

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

97,525‌

14,000‌

Huaneng

Power

International

Inc.,

ADR

...

294,420‌

216,600‌

Iberdrola

SA

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

2,178,804‌

1,800‌

Innergex

Renewable

Energy

Inc.

.........

28,849‌

36,000‌

Korea

Electric

Power

Corp.,

ADR

.........

355,320‌

25,000‌

Kyushu

Electric

Power

Co.

Inc.

..........

190,709‌

12,000‌

Shikoku

Electric

Power

Co.

Inc.

..........

83,669‌

15,000‌

The

Chugoku

Electric

Power

Co.

Inc.

.....

137,338‌

14,000‌

The

Kansai

Electric

Power

Co.

Inc.

.......

136,547‌

7,000‌

Tohoku

Electric

Power

Co.

Inc.

...........

51,700‌

100‌

Uniper

SE

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

4,176‌

2,000‌

Verbund

AG

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

203,175‌

U.S.

Companies

2,000‌

ALLETE

Inc.

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

119,040‌

900‌

Alliant

Energy

Corp.

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

50,382‌

18,500‌

Ameren

Corp.

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

1,498,500‌

25,000‌

American

Electric

Power

Co.

Inc.

.........

2,029,500‌

17,600‌

Avangrid

Inc.

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

855,360‌

18,000‌

Avista

Corp.

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

704,160‌

600‌

Black

Hills

Corp.

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

37,656‌

500‌

CMS

Energy

Corp.

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

29,865‌

10,500‌

Dominion

Energy

Inc.

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

766,710‌

1,000‌

DTE

Energy

Co.

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

111,710‌

10,700‌

Duke

Energy

Corp.

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

1,044,213‌

500‌

Entergy

Corp.

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

49,655‌

2,000‌

Eos

Energy

Enterprises

Inc.†

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

28,060‌

17,000‌

Evergy

Inc.

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

1,057,400‌

20,700‌

Eversource

Energy

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

1,692,432‌

380,000‌

Gulf

Coast

Ultra

Deep

Royalty

Trust

......

9,044‌

16,000‌

Hawaiian

Electric

Industries

Inc.

.........

653,280‌

10,000‌

MGE

Energy

Inc.

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

735,000‌

21,200‌

NextEra

Energy

Inc.

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

1,664,624‌

36,000‌

NiSource

Inc.

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

872,280‌

11,000‌

NorthWestern

Corp.

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

630,300‌

35,000‌

OGE

Energy

Corp.

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

1,153,600‌

14,000‌

Otter

Tail

Corp.

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

783,580‌

13,500‌

PG&E

Corp.†

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

129,600‌

14,000‌

Pinnacle

West

Capital

Corp.

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

1,013,040‌

35,000‌

PNM

Resources

Inc.

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

1,731,800‌

40,000‌

Portland

General

Electric

Co.

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

1,879,600‌

9,900‌

PPL

Corp.

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

276,012‌

15,000‌

Public

Service

Enterprise

Group

Inc.

.....

913,500‌

121,500‌

The

AES

Corp.

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

2,773,845‌

2

The

Gabelli

Global

Utility

&

Income

Trust

Schedule

of

Investments

(Continued)

—

September

30,

2021

(Unaudited)

Shares

Market

Value

COMMON

STOCKS

(Continued)

ENERGY

AND

UTILITIES

(Continued)

Energy

and

Utilities:

Integrated

(Continued)

U.S.

Companies

(Continued)

19,000‌

The

Southern

Co.

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

$

1,177,430‌

18,500‌

Xcel

Energy

Inc.

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

1,156,250‌

37,164,922‌

Environmental

Services

 —

0.3%

Non

U.S.

Companies

2,500‌

Cia

de

Saneamento

Basico

do

Estado

de

Sao

Paulo,

ADR

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

17,700‌

2,500‌

Suez

SA

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

57,006‌

13,000‌

Veolia

Environnement

SA

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

398,449‌

473,155‌

Independent

Power

Producers

and

Energy

Traders

 —

0.1%

Non

U.S.

Companies

3,000‌

Atlantica

Sustainable

Infrastructure

plc

...

103,530‌

Natural

Gas

Integrated

 —

2.6%

Non

U.S.

Companies

80,000‌

Snam

SpA

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

444,436‌

1,100‌

TC

Energy

Corp.

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

52,899‌

U.S.

Companies

500‌

DT

Midstream

Inc.

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

23,120‌

30,000‌

Kinder

Morgan

Inc.

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

501,900‌

61,000‌

National

Fuel

Gas

Co.

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

3,203,720‌

4,000‌

ONEOK

Inc.

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

231,960‌

4,458,035‌

Natural

Gas

Utilities

 —

2.3%

Non

U.S.

Companies

1,500‌

Enagas

SA

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

33,369‌

1,000‌

Engie

SA

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

13,138‌

9,800‌

Engie

SA,

ADR

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

129,557‌

16,000‌

Italgas

SpA

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

102,676‌

101,000‌

National

Grid

plc

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

1,203,829‌

15,700‌

National

Grid

plc,

ADR

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

936,191‌

U.S.

Companies

6,000‌

Atmos

Energy

Corp.

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

529,200‌

1,700‌

Chesapeake

Utilities

Corp.

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

204,085‌

1,300‌

ONE

Gas

Inc.

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

82,381‌

10,000‌

Southwest

Gas

Holdings

Inc.

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

668,800‌

2,000‌

Spire

Inc.

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

122,360‌

4,025,586‌

Natural

Resources

 —

0.4%

Non

U.S.

Companies

12,000‌

Cameco

Corp.

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

260,760‌

250‌

Linde

plc

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

73,345‌

Shares

Market

Value

U.S.

Companies

4,000‌

APA

Corp.

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

$

85,720‌

2,000‌

Diamondback

Energy

Inc.

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

189,340‌

609,165‌

Oil

 —

0.6%

Non

U.S.

Companies

14,000‌

BP

plc,

ADR

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

382,620‌

3,000‌

PetroChina

Co.

Ltd.,

ADR

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

140,340‌

10,000‌

Petroleo

Brasileiro

SA,

ADR

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

103,400‌

8,000‌

Royal

Dutch

Shell

plc,

Cl. A,

ADR

........

356,560‌

U.S.

Companies

1,000‌

ConocoPhillips

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

67,770‌

1,050,690‌

Services

 —

2.6%

Non

U.S.

Companies

1,000‌

ABB

Ltd.

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

33,682‌

35,000‌

ABB

Ltd.,

ADR

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

1,167,600‌

23,000‌

Enbridge

Inc.

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

915,400‌

5,726‌

First

Sensor

AG

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

287,860‌

U.S.

Companies

29,500‌

AZZ

Inc.

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

1,569,400‌

1,500‌

Dril-Quip

Inc.†

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

37,770‌

20,000‌

Halliburton

Co.

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

432,400‌

4,444,112‌

Water

 —

1.7%

Non

U.S.

Companies

5,000‌

Consolidated

Water

Co.

Ltd.

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

57,000‌

40,000‌

Fluence

Corp.

Ltd.†

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

5,205‌

2,000‌

Fluidra

SA

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

79,810‌

34,000‌

Severn

Trent

plc

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

1,192,934‌

35,000‌

United

Utilities

Group

plc

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

456,688‌

U.S.

Companies

500‌

Artesian

Resources

Corp.,

Cl. A

..........

19,085‌

5,400‌

California

Water

Service

Group

..........

318,222‌

6,500‌

Essential

Utilities

Inc.

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

299,520‌

1,000‌

Middlesex

Water

Co.

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

102,780‌

7,000‌

SJW

Group

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

462,420‌

2,993,664‌

TOTAL

ENERGY

AND

UTILITIES

.......

68,011,007‌

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

OTHER

 —

26.0%

Aerospace

 —

0.3%

Non

U.S.

Companies

50,000‌

Rolls-Royce

Holdings

plc†

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

94,412‌

U.S.

Companies

12,000‌

AAR

Corp.†

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

389,160‌

483,572‌

3

The

Gabelli

Global

Utility

&

Income

Trust

Schedule

of

Investments

(Continued)

—

September

30,

2021

(Unaudited)

Shares

Market

Value

COMMON

STOCKS

(Continued)

OTHER

(Continued)

Automotive

 —

0.2%

Non

U.S.

Companies

350‌

Ferrari

NV

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

$

73,192‌

8,000‌

Traton

SE

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

205,723‌

U.S.

Companies

500‌

General

Motors

Co.†

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

26,355‌

305,270‌

Building

and

Construction

 —

1.0%

Non

U.S.

Companies

500‌

Acciona

SA

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

82,938‌

1,700‌

Sika

AG

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

541,402‌

27,000‌

Vantage

Towers

AG

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

916,996‌

U.S.

Companies

5,000‌

Arcosa

Inc.

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

250,850‌

1,792,186‌

Business

Services

 —

1.5%

Non

U.S.

Companies

45,000‌

JCDecaux

SA†

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

1,195,765‌

140,000‌

Sistema

PJSC

FC,

GDR

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

1,034,600‌

U.S.

Companies

10,000‌

Diebold

Nixdorf

Inc.†

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

101,100‌

7,500‌

Macquarie

Infrastructure

Holdings

LLC

...

304,200‌

2,635,665‌

Computer

Hardware

 —

0.0%

U.S.

Companies

300‌

Dell

Technologies

Inc.,

Cl. C†

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

31,212‌

Computer

Software

and

Services

 —

0.6%

Non

U.S.

Companies

400‌

Check

Point

Software

Technologies

Ltd.†

.

45,216‌

3,600‌

Prosus

NV

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

287,692‌

2,000‌

Tencent

Holdings

Ltd.

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

118,541‌

U.S.

Companies

2,400‌

FireEye

Inc.†

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

42,720‌

2,200‌

Global

Payments

Inc.

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

346,676‌

1,900‌

N-Able

Inc.†

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

23,579‌

2,700‌

SolarWinds

Corp.

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

45,171‌

550‌

VMware

Inc.,

Cl. A†

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

81,785‌

991,380‌

Consumer

Products

 —

2.6%

Non

U.S.

Companies

16,000‌

Essity

AB,

Cl. B

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

497,122‌

500‌

Ferguson

plc

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

69,627‌

1,500‌

Salvatore

Ferragamo

SpA†

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

30,754‌

4,000‌

Scandinavian

Tobacco

Group

A/S

........

79,065‌

Shares

Market

Value

430,000‌

Swedish

Match

AB

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

$

3,765,398‌

4,441,966‌

Consumer

Services

 —

0.5%

U.S.

Companies

26,000‌

Matthews

International

Corp.,

Cl. A

.......

901,940‌

Diversified

Industrial

 —

1.1%

Non

U.S.

Companies

46,000‌

Ardagh

Group

SA

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

1,172,540‌

U.S.

Companies

500‌

Corning

Inc.

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

18,245‌

23,000‌

Trinity

Industries

Inc.

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

624,910‌

1,815,695‌

Electronics

 —

1.9%

Non

U.S.

Companies

7,000‌

Kyocera

Corp.

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

440,271‌

1,000‌

Signify

NV

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

49,983‌

24,000‌

Sony

Group

Corp.,

ADR

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

2,653,920‌

U.S.

Companies

800‌

Axcelis

Technologies

Inc.†

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

37,624‌

1,500‌

Kimball

Electronics

Inc.†

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

38,655‌

500‌

Proto

Labs

Inc.†

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

33,300‌

100‌

Universal

Display

Corp.

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

17,096‌

3,270,849‌

Entertainment

 —

1.4%

Non

U.S.

Companies

95,000‌

Grupo

Televisa

SAB,

ADR

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

1,043,100‌

24,000‌

Manchester

United

plc,

Cl. A

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

464,880‌

1,500‌

Naspers

Ltd.,

Cl. N

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

248,288‌

U.S.

Companies

16,000‌

Fox

Corp.,

Cl. B

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

593,920‌

2,350,188‌

Financial

Services

 —

4.2%

Non

U.S.

Companies

4,500‌

Brookfield

Asset

Management

Inc.,

Cl. A

..

240,795‌

31‌

Brookfield

Asset

Management

Reinsurance

Partners

Ltd.,

Cl. A

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

1,722‌

55,000‌

Commerzbank

AG†

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

366,647‌

50,000‌

Credit

Suisse

Group

AG

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

498,632‌

20,000‌

Credit

Suisse

Group

AG,

ADR

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

197,200‌

65,000‌

GAM

Holding

AG†

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

118,569‌

15,000‌

Janus

Henderson

Group

plc

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

619,950‌

10,000‌

Kinnevik

AB,

Cl. A†

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

392,945‌

135,000‌

Orascom

Financial

Holding

SAE†

.........

2,130‌

100,000‌

Resona

Holdings

Inc.

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

403,253‌

30,000‌

UBS

Group

AG

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

482,858‌

30,000‌

UBS

Group

AG

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

478,200‌

4

The

Gabelli

Global

Utility

&

Income

Trust

Schedule

of

Investments

(Continued)

—

September

30,

2021

(Unaudited)

Shares

Market

Value

COMMON

STOCKS

(Continued)

OTHER

(Continued)

Financial

Services

(Continued)

U.S.

Companies

7,500‌

AllianceBernstein

Holding

LP

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

$

371,850‌

20,000‌

Bank

of

America

Corp.

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

849,000‌

500‌

M&T

Bank

Corp.

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

74,670‌

15,000‌

The

Bank

of

New

York

Mellon

Corp.

......

777,600‌

1,200‌

The

Goldman

Sachs

Group

Inc.

..........

453,636‌

17,700‌

UGI

Corp.

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

754,374‌

4,000‌

Wells

Fargo

&

Co.

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

185,640‌

7,269,671‌

Food

and

Beverage

 —

5.3%

Non

U.S.

Companies

110‌

Chocoladefabriken

Lindt

&

Spruengli

AG

..

1,229,894‌

3,000‌

Chr.

Hansen

Holding

A/S

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

245,047‌

45,000‌

Davide

Campari-Milano

NV

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

634,892‌

7,500‌

Diageo

plc,

ADR

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

1,447,500‌

6,000‌

Fomento

Economico

Mexicano

SAB

de

CV,

ADR

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

520,320‌

6,500‌

Heineken

NV

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

679,141‌

700‌

Kerry

Group

plc,

Cl. A

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

93,936‌

3,000‌

Kikkoman

Corp.

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

245,024‌

55,000‌

Maple

Leaf

Foods

Inc.

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

1,117,717‌

10,000‌

Nestlé

SA

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

1,209,292‌

2,000‌

Pernod

Ricard

SA

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

441,795‌

2,000‌

Remy

Cointreau

SA

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

388,047‌

1,000‌

Yakult

Honsha

Co.

Ltd.

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

50,856‌

U.S.

Companies

10,000‌

McCormick

&

Co.

Inc.,

Non-Voting

.......

810,300‌

9,113,761‌

Health

Care

 —

0.5%

U.S.

Companies

16,700‌

Pfizer

Inc.

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

718,267‌

2,000‌

PPD

Inc.†

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

93,580‌

811,847‌

Hotels

and

Gaming

 —

1.0%

Non

U.S.

Companies

150,000‌

Genting

Singapore

Ltd.

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

79,540‌

400,000‌

Mandarin

Oriental

International

Ltd.†

.....

836,000‌

370,000‌

The

Hongkong

&

Shanghai

Hotels

Ltd.†

..

346,490‌

U.S.

Companies

1,500‌

Churchill

Downs

Inc.

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

360,120‌

1,622,150‌

Machinery

 —

2.0%

Non

U.S.

Companies

185,000‌

CNH

Industrial

NV

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

3,072,850‌

Shares

Market

Value

U.S.

Companies

3,000‌

Xylem

Inc.

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

$

371,040‌

3,443,890‌

Specialty

Chemicals

 —

1.7%

Non

U.S.

Companies

6,000‌

Axalta

Coating

Systems

Ltd.†

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

175,140‌

600‌

Givaudan

SA

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

2,743,924‌

U.S.

Companies

300‌

Air

Products

and

Chemicals

Inc.

.........

76,833‌

2,995,897‌

Transportation

 —

0.2%

U.S.

Companies

4,500‌

GATX

Corp.

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

403,020‌

TOTAL

OTHER

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

44,680,159‌

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

COMMUNICATIONS

 —

17.0%

Cable

and

Satellite

 —

6.0%

Non

U.S.

Companies

11,000‌

Cogeco

Inc.

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

783,357‌

100,000‌

ITV

plc†

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

143,633‌

27,100‌

Liberty

Global

plc,

Cl. A†

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

807,580‌

44,000‌

Liberty

Global

plc,

Cl. C†

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

1,296,240‌

30,000‌

Liberty

Latin

America

Ltd.,

Cl. A†

........

392,400‌

3,632‌

Liberty

Latin

America

Ltd.,

Cl. C†

........

47,652‌

45,000‌

Rogers

Communications

Inc.,

Cl. B

.......

2,098,800‌

6,000‌

Shaw

Communications

Inc.,

Cl. B

........

174,420‌

U.S.

Companies

200‌

Charter

Communications

Inc.,

Cl. A†

.....

145,512‌

16,000‌

Comcast

Corp.,

Cl. A

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

894,880‌

37,000‌

DISH

Network

Corp.,

Cl. A†

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

1,608,020‌

6,000‌

EchoStar

Corp.,

Cl. A†

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

153,060‌

168‌

Liberty

Broadband

Corp.,

Cl. B†

..........

28,841‌

85,000‌

WideOpenWest

Inc.†

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

1,670,250‌

10,244,645‌

Telecommunications

 —

9.4%

Non

U.S.

Companies

37,000‌

BCE

Inc.

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

1,852,220‌

140,000‌

BT

Group

plc,

Cl. A†

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

301,440‌

44,000‌

Deutsche

Telekom

AG

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

886,629‌

56,000‌

Deutsche

Telekom

AG,

ADR

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

1,128,400‌

12,000‌

Itissalat

Al-Maghrib

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

189,043‌

465,000‌

Koninklijke

KPN

NV

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

1,462,388‌

95,000‌

Orange

Belgium

SA

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

2,137,040‌

5,000‌

Orange

SA,

ADR

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

54,150‌

27,000‌

Orascom

Investment

Holding,

GDR

......

702‌

60,000‌

Pharol

SGPS

SA†

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

6,366‌

8,000‌

Proximus

SA

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

158,833‌

1,200‌

Swisscom

AG

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

691,968‌

2,000‌

Swisscom

AG,

ADR

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

115,020‌

5

The

Gabelli

Global

Utility

&

Income

Trust

Schedule

of

Investments

(Continued)

—

September

30,

2021

(Unaudited)

Shares

Market

Value

COMMON

STOCKS

(Continued)

COMMUNICATIONS

(Continued)

Telecommunications

(Continued)

Non

U.S.

Companies

(Continued)

40,000‌

Telecom

Italia

SpA

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

$

15,726‌

13,500‌

Telefonica

Brasil

SA,

ADR

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

104,760‌

200,000‌

Telefonica

Deutschland

Holding

AG

.......

569,445‌

72,791‌

Telefonica

SA,

ADR

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

342,846‌

70,000‌

Telekom

Austria

AG

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

604,890‌

25,000‌

Telenet

Group

Holding

NV

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

954,480‌

5,000‌

TELUS

Corp.

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

109,901‌

300,000‌

VEON

Ltd.,

ADR†

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

624,000‌

U.S.

Companies

7,000‌

AT&T

Inc.

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

189,070‌

15,165‌

Loral

Space

&

Communications

Inc.

......

652,247‌

60,000‌

Lumen

Technologies

Inc.

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

743,400‌

100‌

Motorola

Solutions

Inc.

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

23,232‌

10,000‌

Shenandoah

Telecommunications

Co.

....

315,800‌

15,000‌

Telephone

and

Data

Systems

Inc.

........

292,500‌

1,000‌

T-Mobile

US

Inc.†

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

127,760‌

30,000‌

Verizon

Communications

Inc.

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

1,620,300‌

16,274,556‌

Wireless

Communications

 —

1.6%

Non

U.S.

Companies

3,000‌

America

Movil

SAB

de

CV,

Cl. L,

ADR

.....

53,010‌

5,000‌

Infrastrutture

Wireless

Italiane

SpA

.......

55,809‌

20,000‌

Millicom

International

Cellular

SA,

SDR†

..

726,720‌

6,000‌

Mobile

TeleSystems

PJSC,

ADR

..........

57,840‌

6,000‌

SK

Telecom

Co.

Ltd.,

ADR†

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

180,600‌

20,000‌

Turkcell

Iletisim

Hizmetleri

A/S,

ADR

.....

87,000‌

75,000‌

Vodafone

Group

plc,

ADR

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

1,158,750‌

U.S.

Companies

4,000‌

Anterix

Inc.†

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

242,800‌

8,000‌

United

States

Cellular

Corp.†

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

255,120‌

2,817,649‌

TOTAL

COMMUNICATIONS

...........

29,336,850‌

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

INDEPENDENT

POWER

PRODUCERS

AND

ENERGY

TRADERS

 —

0.1%

Independent

Power

Producers

and

Energy

Traders

 —

0.1%

U.S.

Companies

3,000‌

NRG

Energy

Inc.

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

122,490‌

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

ENVIRONMENTAL

SERVICES

 —

0.0%

Water

 —

0.0%

U.S.

Companies

1,500‌

Evoqua

Water

Technologies

Corp.†

.......

56,340‌

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

Shares

Market

Value

DIVERSIFIED

INDUSTRIAL

 —

0.0%

Electronics

 —

0.0%

U.S.

Companies

100‌

Roper

Technologies

Inc.

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

$

44,613‌

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

TOTAL

COMMON

STOCKS

...........

142,251,459‌

CLOSED-END

FUNDS

—

0.0%

10,000‌

Altaba

Inc.,

Escrow†

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

65,750‌

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

RIGHTS

—

0.0%

ENERGY

AND

UTILITIES

 —

0.0%

Environmental

Services

 —

0.0%

Non

U.S.

Companies

13,000‌

Veolia

Environnement

SA,

expire

10/01/21†

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

10,812‌

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

OTHER

 —

0.0%

Health

Care

 —

0.0%

Non

U.S.

Companies

17,029‌

Ipsen

SA/Clementia,

CVR†(a)

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

0‌

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

TOTAL

RIGHTS

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

10,812‌

WARRANTS

—

0.0%

ENERGY

AND

UTILITIES

 —

0.0%

Natural

Resources

 —

0.0%

U.S.

Companies

1,500‌

Occidental

Petroleum

Corp.,

expire

08/03/27†

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

17,775‌

Services

 —

0.0%

Non

U.S.

Companies

2,850‌

Weatherford

International

plc,

expire

12/13/23†

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

998‌

TOTAL

ENERGY

AND

UTILITIES

.......

18,773‌

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

TOTAL

WARRANTS

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

18,773‌

Principal

Amount

CONVERTIBLE

CORPORATE

BONDS

—

0.0%

OTHER

 —

0.0%

Financial

Services

 —

0.0%

Non

U.S.

Companies

$

25,000‌

Credit

Suisse

Group

Guernsey

VII

Ltd.,

3.000%,

11/12/21(b)

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

28,905‌

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

6

The

Gabelli

Global

Utility

&

Income

Trust

Schedule

of

Investments

(Continued)

—

September

30,

2021

(Unaudited)

Principal

Amount

Market

Value

U.S.

GOVERNMENT

OBLIGATIONS

—

17.4%

$

123,000‌

U.S.

Cash

Management

Bill,

0.031%††,

11/01/21

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

$

122,994‌

29,795,000‌

U.S.

Treasury

Bills,

0.035%

to

0.059%††,

10/07/21

to

03/31/22(c)

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

29,793,063‌

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

TOTAL

U.S.

GOVERNMENT

OBLIGATIONS

29,916,057‌

TOTAL

INVESTMENTS

—

100.0%

(Cost

$133,652,088)

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

$

172,291,756‌

(a)

Security

is

valued

using

significant

unobservable

inputs

and

is

classified

as

Level

3

in

the

fair

value

hierarchy.

(b)

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.

(c)

At

September

30,

2021,

$900,000

of

the

principal

amount

was

pledged

as

collateral

for

current

or

potential

holdings.

†

Non-income

producing

security.

††

Represents

annualized

yield(s)

at

date(s)

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

United

States

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

54.4‌

%

$

93,734,462‌

Europe

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

33.5‌

57,781,677‌

Canada

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

5.8‌

9,984,455‌

Japan

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

2.8‌

4,885,170‌

Asia/Pacific

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

1.9‌

3,335,259‌

Latin

America

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

1.3‌

2,130,570‌

South

Africa

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

0.2‌

248,288‌

Africa/Middle

East

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

0.1‌

191,875‌

Total

Investments

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

100.0‌%

$

172,291,756‌