The Gabelli Global Utility & Income Trust (GLU) NPORT-P Gabelli Global Utility & Income Trust (Sep 2022 report)

1

The

Gabelli

Global

Utility

&

Income

Trust

Schedule

of

Investments

—

September

30,

2022

(Unaudited)

Shares

Market

Value

COMMON

STOCKS

—

80

.3

%

ENERGY

AND

UTILITIES

—

44

.1

%

Alternative

Energy

—

3

.4

%

Non

U.S.

Companies

1,950‌

Brookfield

Renewable

Corp.

,

Cl. A

........

$

63,726‌

68,000‌

Siemens

Gamesa

Renewable

Energy

SA

†

.

1,194,583‌

8,500‌

Vestas

Wind

Systems

A/S

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

158,673‌

U.S.

Companies

36,814‌

NextEra

Energy

Partners

LP

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

2,662,020‌

7,500‌

Ormat

Technologies

Inc.

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

646,500‌

400‌

SolarEdge

Technologies

Inc.

†

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

92,584‌

4,818,086‌

Diversified

Industrial

—

1

.7

%

Non

U.S.

Companies

20,000‌

Bouygues

SA

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

526,287‌

19,000‌

Jardine

Matheson

Holdings

Ltd.

.........

962,160‌

U.S.

Companies

31,000‌

Flowserve

Corp.

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

753,300‌

3,000‌

General

Electric

Co.

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

185,730‌

4,500‌

Mueller

Water

Products

Inc.

,

Cl. A

........

46,215‌

2,473,692‌

Electric

Transmission

and

Distribution

—

2

.7

%

Non

U.S.

Companies

8,500‌

Algonquin

Power

&

Utilities

Corp.

........

92,855‌

1,700‌

Boralex

Inc.

,

Cl. A

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

53,990‌

28,000‌

Enel

Chile

SA

,

ADR

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

38,640‌

12,000‌

Fortis

Inc.

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

455,902‌

1,050‌

Fortis

Inc.,

New

York

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

39,889‌

10,100‌

Landis+Gyr

Group

AG

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

550,704‌

1,100‌

Orsted

AS

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

88,084‌

20,000‌

Red

Electrica

Corp.

SA

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

307,932‌

U.S.

Companies

2,000‌

Consolidated

Edison

Inc.

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

171,520‌

350‌

Sempra

Energy

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

52,479‌

30,000‌

Twin

Disc

Inc.

†

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

344,100‌

5,500‌

Unitil

Corp.

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

255,475‌

15,300‌

WEC

Energy

Group

Inc.

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

1,368,279‌

3,819,849‌

Energy

and

Utilities:

Integrated

—

23

.6

%

Non

U.S.

Companies

140,000‌

A2A

SpA

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

137,180‌

10,000‌

Chubu

Electric

Power

Co.

Inc.

...........

90,099‌

152,000‌

Datang

International

Power

Generation

Co.

Ltd.

,

Cl. H

†

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

29,046‌

2,000‌

E.ON

SE

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

15,477‌

14,000‌

E.ON

SE

,

ADR

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

106,680‌

20,615‌

EDP

-

Energias

de

Portugal

SA

...........

89,705‌

9,000‌

EDP

-

Energias

de

Portugal

SA

,

ADR

.....

392,760‌

15,000‌

Electric

Power

Development

Co.

Ltd.

.....

212,257‌

Shares

Market

Value

35,000‌

Emera

Inc.

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

$

1,416,115‌

8,500‌

Endesa

SA

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

128,455‌

157,000‌

Enel

SpA

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

649,938‌

4,000‌

Eni

SpA

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

42,769‌

7,000‌

Eni

SpA

,

ADR

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

147,980‌

230,000‌

Hera

SpA

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

492,749‌

15,000‌

Hokkaido

Electric

Power

Co.

Inc.

.........

46,949‌

22,000‌

Hokuriku

Electric

Power

Co.

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

73,875‌

14,000‌

Huaneng

Power

International

Inc.

,

ADR

†

..

244,720‌

216,600‌

Iberdrola

SA

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

2,034,056‌

1,800‌

Innergex

Renewable

Energy

Inc.

.........

22,660‌

36,000‌

Korea

Electric

Power

Corp.

,

ADR

†

........

244,800‌

23,000‌

Kyushu

Electric

Power

Co.

Inc.

..........

122,684‌

12,000‌

Shikoku

Electric

Power

Co.

Inc.

..........

59,946‌

15,000‌

The

Chugoku

Electric

Power

Co.

Inc.

.....

76,073‌

14,000‌

The

Kansai

Electric

Power

Co.

Inc.

.......

117,239‌

10,000‌

Tohoku

Electric

Power

Co.

Inc.

...........

47,053‌

2,000‌

Verbund

AG

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

171,411‌

U.S.

Companies

1,500‌

ALLETE

Inc.

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

75,075‌

900‌

Alliant

Energy

Corp.

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

47,691‌

18,500‌

Ameren

Corp.

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

1,490,175‌

23,500‌

American

Electric

Power

Co.

Inc.

.........

2,031,575‌

18,100‌

Avangrid

Inc.

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

754,770‌

18,000‌

Avista

Corp.

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

666,900‌

600‌

Black

Hills

Corp.

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

40,638‌

500‌

CMS

Energy

Corp.

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

29,120‌

10,000‌

Dominion

Energy

Inc.

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

691,100‌

1,000‌

DTE

Energy

Co.

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

115,050‌

10,700‌

Duke

Energy

Corp.

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

995,314‌

500‌

Entergy

Corp.

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

50,315‌

2,000‌

Eos

Energy

Enterprises

Inc.

†

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

3,340‌

17,000‌

Evergy

Inc.

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

1,009,800‌

20,200‌

Eversource

Energy

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

1,574,792‌

380,000‌

Gulf

Coast

Ultra

Deep

Royalty

Trust

......

17,860‌

16,000‌

Hawaiian

Electric

Industries

Inc.

.........

554,560‌

10,000‌

MGE

Energy

Inc.

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

656,300‌

20,400‌

NextEra

Energy

Inc.

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

1,599,564‌

36,000‌

NiSource

Inc.

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

906,840‌

11,000‌

NorthWestern

Corp.

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

542,080‌

34,200‌

OGE

Energy

Corp.

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

1,246,932‌

14,000‌

Otter

Tail

Corp.

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

861,280‌

14,500‌

PG&E

Corp.

†

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

181,250‌

14,000‌

Pinnacle

West

Capital

Corp.

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

903,140‌

36,000‌

PNM

Resources

Inc.

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

1,646,280‌

40,000‌

Portland

General

Electric

Co.

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

1,738,400‌

9,500‌

PPL

Corp.

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

240,825‌

15,000‌

Public

Service

Enterprise

Group

Inc.

.....

843,450‌

120,000‌

The

AES

Corp.

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

2,712,000‌

19,000‌

The

Southern

Co.

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

1,292,000‌

2

The

Gabelli

Global

Utility

&

Income

Trust

Schedule

of

Investments

(Continued)

—

September

30,

2022

(Unaudited)

Shares

Market

Value

COMMON

STOCKS

(Continued)

ENERGY

AND

UTILITIES

(Continued)

Energy

and

Utilities:

Integrated

(Continued)

U.S.

Companies

(Continued)

18,500‌

Xcel

Energy

Inc.

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

$

1,184,000‌

33,915,092‌

Environmental

Services

—

0

.2

%

Non

U.S.

Companies

2,500‌

Cia

de

Saneamento

Basico

do

Estado

de

Sao

Paulo

,

ADR

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

22,775‌

15,476‌

Veolia

Environnement

SA

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

298,947‌

321,722‌

Independent

Power

Producers

and

Energy

Traders

—

0

.1

%

Non

U.S.

Companies

3,000‌

Atlantica

Sustainable

Infrastructure

plc

...

78,900‌

U.S.

Companies

5,000‌

Vistra

Corp.

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

105,000‌

183,900‌

Natural

Gas

Integrated

—

3

.4

%

Non

U.S.

Companies

80,000‌

Snam

SpA

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

325,063‌

900‌

TC

Energy

Corp.

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

36,261‌

U.S.

Companies

500‌

DT

Midstream

Inc.

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

25,945‌

32,000‌

Kinder

Morgan

Inc.

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

532,480‌

60,000‌

National

Fuel

Gas

Co.

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

3,693,000‌

4,000‌

ONEOK

Inc.

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

204,960‌

4,817,709‌

Natural

Gas

Utilities

—

3

.4

%

Non

U.S.

Companies

1,000‌

Engie

SA

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

11,606‌

9,800‌

Engie

SA

,

ADR

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

113,778‌

16,000‌

Italgas

SpA

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

74,891‌

100,000‌

National

Grid

plc

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

1,039,508‌

14,700‌

National

Grid

plc

,

ADR

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

757,491‌

U.S.

Companies

6,000‌

Atmos

Energy

Corp.

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

611,100‌

1,500‌

Chesapeake

Utilities

Corp.

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

173,085‌

1,000‌

ONE

Gas

Inc.

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

70,390‌

15,000‌

South

Jersey

Industries

Inc.

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

501,300‌

20,000‌

Southwest

Gas

Holdings

Inc.

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

1,395,000‌

2,000‌

Spire

Inc.

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

124,660‌

4,872,809‌

Natural

Resources

—

0

.6

%

Non

U.S.

Companies

14,000‌

Cameco

Corp.

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

371,140‌

Shares

Market

Value

100‌

Linde

plc

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

$

26,959‌

U.S.

Companies

6,000‌

APA

Corp.

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

205,140‌

2,200‌

Diamondback

Energy

Inc.

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

265,012‌

868,251‌

Oil

—

0

.7

%

Non

U.S.

Companies

15,000‌

BP

plc

,

ADR

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

428,250‌

10,000‌

Petroleo

Brasileiro

SA

,

ADR

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

123,400‌

8,000‌

Shell

plc

,

ADR

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

398,080‌

U.S.

Companies

1,000‌

ConocoPhillips

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

102,340‌

1,052,070‌

Services

—

2

.6

%

Non

U.S.

Companies

1,000‌

ABB

Ltd.

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

26,148‌

35,000‌

ABB

Ltd.

,

ADR

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

898,100‌

23,000‌

Enbridge

Inc.

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

853,300‌

5,000‌

First

Sensor

AG

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

284,214‌

U.S.

Companies

29,500‌

AZZ

Inc.

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

1,077,045‌

8,000‌

Dril-Quip

Inc.

†

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

156,160‌

20,000‌

Halliburton

Co.

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

492,400‌

3,787,367‌

Water

—

1

.7

%

Non

U.S.

Companies

5,000‌

Consolidated

Water

Co.

Ltd.

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

76,900‌

40,000‌

Fluence

Corp.

Ltd.

†

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

5,117‌

2,000‌

Fluidra

SA

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

30,421‌

34,000‌

Severn

Trent

plc

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

894,022‌

35,000‌

United

Utilities

Group

plc

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

347,336‌

U.S.

Companies

500‌

Artesian

Resources

Corp.

,

Cl. A

..........

24,060‌

5,100‌

California

Water

Service

Group

..........

268,719‌

6,500‌

Essential

Utilities

Inc.

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

268,970‌

1,000‌

Middlesex

Water

Co.

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

77,200‌

7,000‌

SJW

Group

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

403,200‌

2,395,945‌

TOTAL

ENERGY

AND

UTILITIES

.........

63,326,492‌

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

OTHER

—

22

.3

%

Aerospace

—

0

.4

%

Non

U.S.

Companies

50,000‌

Rolls-Royce

Holdings

plc

†

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

38,850‌

U.S.

Companies

12,000‌

AAR

Corp.

†

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

429,840‌

3

The

Gabelli

Global

Utility

&

Income

Trust

Schedule

of

Investments

(Continued)

—

September

30,

2022

(Unaudited)

Shares

Market

Value

COMMON

STOCKS

(Continued)

OTHER

(Continued)

Aerospace

(Continued)

U.S.

Companies

(Continued)

700‌

The

Boeing

Co.

†

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

$

84,756‌

553,446‌

Automotive

—

0

.7

%

Non

U.S.

Companies

350‌

Ferrari

NV

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

64,750‌

80,000‌

Iveco

Group

NV

†

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

381,827‌

40,000‌

Traton

SE

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

479,833‌

U.S.

Companies

500‌

General

Motors

Co.

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

16,045‌

942,455‌

Building

and

Construction

—

1

.1

%

Non

U.S.

Companies

500‌

Acciona

SA

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

88,498‌

1,700‌

Sika

AG

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

345,789‌

30,000‌

Vantage

Towers

AG

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

780,316‌

U.S.

Companies

5,000‌

Arcosa

Inc.

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

285,900‌

1,500,503‌

Business

Services

—

0

.4

%

Non

U.S.

Companies

46,000‌

JCDecaux

SA

†

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

544,143‌

160,000‌

Sistema

PJSC

FC

,

GDR

†

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

80,000‌

624,143‌

Computer

Hardware

—

0.0

%

U.S.

Companies

300‌

Dell

Technologies

Inc.

,

Cl. C

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

10,251‌

Computer

Software

and

Services

—

0

.4

%

Non

U.S.

Companies

550‌

Check

Point

Software

Technologies

Ltd.

†

.

61,611‌

2,000‌

Prosus

NV

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

105,786‌

U.S.

Companies

1,800‌

Global

Payments

Inc.

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

194,490‌

2,800‌

Kyndryl

Holdings

Inc.

†

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

23,156‌

3,800‌

N-able

Inc.

†

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

35,074‌

500‌

Oracle

Corp.

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

30,535‌

3,500‌

SolarWinds

Corp.

†

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

27,125‌

682‌

VMware

Inc.

,

Cl. A

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

72,606‌

550,383‌

Consumer

Products

—

2

.4

%

Non

U.S.

Companies

15,000‌

Essity

AB

,

Cl. B

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

298,442‌

1,500‌

Salvatore

Ferragamo

SpA

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

21,257‌

Shares

Market

Value

320,000‌

Swedish

Match

AB

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

$

3,171,843‌

3,491,542‌

Consumer

Services

—

0

.4

%

U.S.

Companies

200‌

Amazon.com

Inc.

†

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

22,600‌

23,500‌

Matthews

International

Corp.

,

Cl. A

.......

526,635‌

549,235‌

Diversified

Industrial

—

0

.7

%

Non

U.S.

Companies

46,000‌

Ardagh

Group

SA

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

556,600‌

2,500‌

SDCL

EDGE

Acquisition

Corp.

†

..........

24,813‌

U.S.

Companies

500‌

Corning

Inc.

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

14,510‌

20,500‌

Trinity

Industries

Inc.

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

437,675‌

1,033,598‌

Electronics

—

1

.5

%

Non

U.S.

Companies

9,000‌

Kyocera

Corp.

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

453,948‌

1,000‌

Signify

NV

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

26,099‌

23,500‌

Sony

Group

Corp.

,

ADR

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

1,505,175‌

U.S.

Companies

1,000‌

Advanced

Micro

Devices

Inc.

†

...........

63,360‌

800‌

Axcelis

Technologies

Inc.

†

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

48,448‌

1,817‌

Kimball

Electronics

Inc.

†

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

31,162‌

500‌

Proto

Labs

Inc.

†

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

18,215‌

50‌

Texas

Instruments

Inc.

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

7,739‌

100‌

Universal

Display

Corp.

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

9,435‌

2,163,581‌

Entertainment

—

1

.2

%

Non

U.S.

Companies

110,000‌

Grupo

Televisa

SAB

,

ADR

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

591,800‌

32,000‌

Manchester

United

plc

,

Cl. A

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

424,640‌

1,500‌

Naspers

Ltd.

,

Cl. N

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

187,565‌

U.S.

Companies

16,000‌

Fox

Corp.

,

Cl. B

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

456,000‌

2,500‌

Warner

Bros

Discovery

Inc.

†

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

28,750‌

1,688,755‌

Financial

Services

—

3

.6

%

Non

U.S.

Companies

4,500‌

Brookfield

Asset

Management

Inc.

,

Cl. A

..

184,005‌

55,000‌

Commerzbank

AG

†

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

395,754‌

70,000‌

Credit

Suisse

Group

AG

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

282,072‌

22,000‌

Credit

Suisse

Group

AG

,

ADR

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

86,240‌

56,000‌

GAM

Holding

AG

†

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

52,214‌

15,000‌

Janus

Henderson

Group

plc

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

304,650‌

12,000‌

Kinnevik

AB

,

Cl. A

†

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

160,466‌

135,000‌

Orascom

Financial

Holding

SAE

†

.........

1,382‌

100,000‌

Resona

Holdings

Inc.

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

364,817‌

4

The

Gabelli

Global

Utility

&

Income

Trust

Schedule

of

Investments

(Continued)

—

September

30,

2022

(Unaudited)

Shares

Market

Value

COMMON

STOCKS

(Continued)

OTHER

(Continued)

Financial

Services

(Continued)

Non

U.S.

Companies

(Continued)

30,000‌

UBS

Group

AG

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

$

435,300‌

24,000‌

UBS

Group

AG

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

352,083‌

U.S.

Companies

7,000‌

AllianceBernstein

Holding

LP

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

245,420‌

20,000‌

Bank

of

America

Corp.

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

604,000‌

15,000‌

The

Bank

of

New

York

Mellon

Corp.

......

577,800‌

1,000‌

The

Goldman

Sachs

Group

Inc.

..........

293,050‌

21,000‌

UGI

Corp.

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

678,930‌

3,500‌

Wells

Fargo

&

Co.

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

140,770‌

5,158,953‌

Food

and

Beverage

—

5

.2

%

Non

U.S.

Companies

100‌

Chocoladefabriken

Lindt

&

Spruengli

AG

..

968,886‌

5,000‌

Chr.

Hansen

Holding

A/S

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

247,018‌

40,000‌

Davide

Campari-Milano

NV

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

357,209‌

7,500‌

Diageo

plc

,

ADR

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

1,273,575‌

6,800‌

Fomento

Economico

Mexicano

SAB

de

CV

,

ADR

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

426,700‌

6,500‌

Heineken

NV

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

572,437‌

1,500‌

Kerry

Group

plc

,

Cl. A

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

133,747‌

4,000‌

Kikkoman

Corp.

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

226,629‌

56,000‌

Maple

Leaf

Foods

Inc.

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

836,747‌

10,000‌

Nestlé

SA

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

1,085,233‌

2,000‌

Pernod

Ricard

SA

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

370,165‌

1,500‌

Remy

Cointreau

SA

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

251,236‌

1,000‌

Yakult

Honsha

Co.

Ltd.

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

58,108‌

U.S.

Companies

10,000‌

McCormick

&

Co.

Inc.,

Non-Voting

.......

712,700‌

7,520,390‌

Health

Care

—

0

.5

%

U.S.

Companies

16,000‌

Pfizer

Inc.

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

700,160‌

Hotels

and

Gaming

—

0

.7

%

Non

U.S.

Companies

150,000‌

Genting

Singapore

Ltd.

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

81,985‌

350,000‌

Mandarin

Oriental

International

Ltd.

†

.....

658,000‌

350,000‌

The

Hongkong

&

Shanghai

Hotels

Ltd.

†

..

303,198‌

1,043,183‌

Machinery

—

1

.4

%

Non

U.S.

Companies

185,000‌

CNH

Industrial

NV

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

2,066,450‌

Shares

Market

Value

Metals

and

Mining

—

0

.2

%

U.S.

Companies

10,000‌

Freeport-McMoRan

Inc.

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

$

273,300‌

Retail

—

0.0

%

Non

U.S.

Companies

95‌

JD.com

Inc.

,

Cl. A

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

2,404‌

Specialty

Chemicals

—

1

.3

%

Non

U.S.

Companies

4,500‌

Axalta

Coating

Systems

Ltd.

†

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

94,770‌

550‌

Givaudan

SA

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

1,673,913‌

U.S.

Companies

300‌

Air

Products

and

Chemicals

Inc.

.........

69,819‌

1,838,502‌

Transportation

—

0

.2

%

U.S.

Companies

4,000‌

GATX

Corp.

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

340,600‌

TOTAL

OTHER

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

32,051,834‌

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

COMMUNICATIONS

—

13

.8

%

Cable

and

Satellite

—

4

.3

%

Non

U.S.

Companies

13,000‌

Cogeco

Inc.

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

518,550‌

100,000‌

ITV

plc

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

63,956‌

27,100‌

Liberty

Global

plc

,

Cl. A

†

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

422,489‌

44,000‌

Liberty

Global

plc

,

Cl. C

†

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

726,000‌

42,000‌

Liberty

Latin

America

Ltd.

,

Cl. A

†

........

259,980‌

3,632‌

Liberty

Latin

America

Ltd.

,

Cl. C

†

........

22,337‌

45,000‌

Rogers

Communications

Inc.

,

Cl. B

.......

1,734,300‌

10,000‌

Shaw

Communications

Inc.

,

Cl. B

........

243,168‌

U.S.

Companies

200‌

Charter

Communications

Inc.

,

Cl. A

†

.....

60,670‌

16,000‌

Comcast

Corp.

,

Cl. A

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

469,280‌

40,000‌

DISH

Network

Corp.

,

Cl. A

†

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

553,200‌

6,000‌

EchoStar

Corp.

,

Cl. A

†

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

98,820‌

168‌

Liberty

Broadband

Corp.

,

Cl. B

†

..........

14,149‌

87,000‌

WideOpenWest

Inc.

†

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

1,067,490‌

6,254,389‌

Telecommunications

—

8

.1

%

Non

U.S.

Companies

37,000‌

BCE

Inc.

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

1,551,780‌

135,000‌

BT

Group

plc

,

Cl. A

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

182,916‌

44,000‌

Deutsche

Telekom

AG

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

754,294‌

56,000‌

Deutsche

Telekom

AG

,

ADR

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

955,360‌

12,000‌

Itissalat

Al-Maghrib

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

129,955‌

465,000‌

Koninklijke

KPN

NV

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

1,263,265‌

92,000‌

Orange

Belgium

SA

†

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

1,622,963‌

5,000‌

Orange

SA

,

ADR

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

44,950‌

5

The

Gabelli

Global

Utility

&

Income

Trust

Schedule

of

Investments

(Continued)

—

September

30,

2022

(Unaudited)

Shares

Market

Value

COMMON

STOCKS

(Continued)

COMMUNICATIONS

(Continued)

Telecommunications

(Continued)

Non

U.S.

Companies

(Continued)

27,000‌

Orascom

Investment

Holding

,

GDR

†

.....

$

675‌

60,000‌

Pharol

SGPS

SA

†

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

3,710‌

12,500‌

Proximus

SA

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

129,795‌

3,000‌

Sitios

Latinoamerica

SAB

de

CV

†

........

1,366‌

1,200‌

Swisscom

AG

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

563,697‌

2,000‌

Swisscom

AG

,

ADR

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

93,660‌

40,000‌

Telecom

Italia

SpA

†

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

7,460‌

13,500‌

Telefonica

Brasil

SA

,

ADR

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

101,520‌

210,000‌

Telefonica

Deutschland

Holding

AG

.......

426,645‌

80,000‌

Telefonica

SA

,

ADR

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

259,200‌

70,000‌

Telekom

Austria

AG

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

405,447‌

30,000‌

Telenet

Group

Holding

NV

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

414,855‌

36,000‌

Telesat

Corp.

†

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

281,160‌

5,000‌

TELUS

Corp.

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

99,287‌

250,000‌

VEON

Ltd.

,

ADR

†

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

80,000‌

U.S.

Companies

7,000‌

AT&T

Inc.

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

107,380‌

1,000‌

Cisco

Systems

Inc.

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

40,000‌

60,000‌

Lumen

Technologies

Inc.

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

436,800‌

100‌

Motorola

Solutions

Inc.

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

22,397‌

12,000‌

Shenandoah

Telecommunications

Co.

....

204,240‌

15,000‌

Telephone

and

Data

Systems

Inc.

........

208,500‌

1,000‌

T-Mobile

US

Inc.

†

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

134,170‌

29,000‌

Verizon

Communications

Inc.

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

1,101,130‌

11,628,577‌

Wireless

Communications

—

1

.4

%

Non

U.S.

Companies

3,000‌

America

Movil

SAB

de

CV

,

Cl. L,

ADR

.....

49,410‌

5,000‌

Infrastrutture

Wireless

Italiane

SpA

.......

43,956‌

43,684‌

Millicom

International

Cellular

SA

,

SDR

†

..

504,834‌

6,000‌

Mobile

TeleSystems

PJSC

,

ADR

†

(a)

......

3,660‌

5,000‌

SK

Telecom

Co.

Ltd.

,

ADR

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

96,300‌

28,000‌

Turkcell

Iletisim

Hizmetleri

A/S

,

ADR

.....

74,480‌

71,000‌

Vodafone

Group

plc

,

ADR

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

804,430‌

U.S.

Companies

5,000‌

Anterix

Inc.

†

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

178,600‌

8,000‌

United

States

Cellular

Corp.

†

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

208,240‌

800‌

Vimeo

Inc.

†

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

3,200‌

1,967,110‌

TOTAL

COMMUNICATIONS

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

19,850,076‌

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

Shares

Market

Value

INDEPENDENT

POWER

PRODUCERS

AND

ENERGY

TRADERS

—

0

.1

%

Independent

Power

Producers

and

Energy

Traders

—

0

.1

%

U.S.

Companies

3,000‌

NRG

Energy

Inc.

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

$

114,810‌

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

ENVIRONMENTAL

SERVICES

—

0.0

%

Water

—

0.0

%

U.S.

Companies

1,500‌

Evoqua

Water

Technologies

Corp.

†

.......

49,605‌

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

DIVERSIFIED

INDUSTRIAL

—

0.0

%

Electronics

—

0.0

%

U.S.

Companies

100‌

Roper

Technologies

Inc.

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

35,964‌

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

TOTAL

COMMON

STOCKS

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

115,428,781‌

CLOSED-END

FUNDS

—

0.0

%

10,000‌

Altaba

Inc.,

Escrow

†

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

38,000‌

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

RIGHTS

—

0.0

%

OTHER

—

0.0

%

Health

Care

—

0.0

%

Non

U.S.

Companies

17,029‌

Ipsen

SA/Clementia

,

CVR

†

(a)

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

0‌

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

WARRANTS

—

0.0

%

ENERGY

AND

UTILITIES

—

0.0

%

Natural

Resources

—

0.0

%

U.S.

Companies

1,500‌

Occidental

Petroleum

Corp.

,

expire

08/03/27

†

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

59,430‌

Services

—

0.0

%

Non

U.S.

Companies

2,850‌

Weatherford

International

plc

,

expire

12/13/23

†

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

477‌

TOTAL

ENERGY

AND

UTILITIES

.........

59,907‌

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

TOTAL

WARRANTS

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

59,907‌

6

The

Gabelli

Global

Utility

&

Income

Trust

Schedule

of

Investments

(Continued)

—

September

30,

2022

(Unaudited)

Principal

Amount

Market

Value

U.S.

GOVERNMENT

OBLIGATIONS

—

19

.7

%

$

28,416,000‌

U.S.

Treasury

Bills,

1.542

%

to

3.297

%

††

,

10/06/22

to

01/19/23

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

$

28,253,756‌

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

TOTAL

INVESTMENTS

—

100.0%

(Cost

$

134,515,558

)

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

$

143,780,444‌

(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

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

65

.6‌

%

$

94,198,215‌

Europe

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

29

.0‌

41,752,675‌

Japan

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

2

.4‌

3,454,854‌

Asia/Pacific

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

1

.8‌

2,622,612‌

Latin

America

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

1

.0‌

1,432,511‌

South

Africa

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

0

.1‌

187,566‌

Africa/Middle

East

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

0

.1‌

132,011‌

Total

Investments

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

100.0‌%

$

143,780,444‌