NPORT-EX 2 GB37GBGblUtilityIncomeTrust.htm

FOR VALIDATION PURPOSES ONLY - [794007.TX]

The Gabelli Global Utility & Income Trust

Schedule of Investments — September 30, 2019 (Unaudited)

Shares						Market Value
				COMMON STOCKS — 80.2%
				ENERGY AND UTILITIES — 37.5%
				Alternative Energy — 0.7%
				U.S. Companies
	13,000			NextEra Energy Partners LP		$	686,920
	7,000			Ormat Technologies Inc.			520,030
							1,206,950
				Diversified Industrial — 1.8%
				Non U.S. Companies
	4,000			Altran Technologies SA			62,825
	16,000			Bouygues SA			640,893
	15,800			Jardine Matheson Holdings Ltd.			845,300
	17,000			Jardine Strategic Holdings Ltd.			507,960
				U.S. Companies
	17,000			Flowserve Corp.			794,070
	20,000			General Electric Co.			178,800
							3,029,848
				Electric Transmission and Distribution — 2.9%
				Non U.S. Companies
	6,000			Algonquin Power & Utilities Corp.			82,153
	1,000			Ascendant Group Ltd.			33,000
	28,000			Enel Chile SA, ADR			117,880
	11,000			Fortis Inc.			465,041
	7,500			Landis+Gyr Group AG			672,186
	20,000			Red Electrica Corp. SA			406,226
				U.S. Companies
	2,400			Consolidated Edison Inc.			226,728
	32,912			Twin Disc Inc.†			348,538
	4,000			Unitil Corp.			253,760
	24,000			WEC Energy Group Inc.			2,282,400
							4,887,912
				Energy and Utilities: Integrated — 21.1%
				Non U.S. Companies
	140,000			A2A SpA			256,968
	17,000			BP plc, ADR			645,830
	10,000			Chubu Electric Power Co. Inc.			144,740
	152,000			Datang International Power Generation Co. Ltd., Cl. H			31,417
	2,000			E.ON SE			19,443
	14,000			E.ON SE, ADR			135,520
	7,000			EDP - Energias de Portugal SA			27,177
	9,000			EDP - Energias de Portugal SA, ADR			351,900
	10,000			Electric Power Development Co. Ltd.			227,977
	27,500			Emera Inc.			1,207,231
	8,500			Endesa SA			223,648
	28,000			Enel Americas SA, ADR			255,080
	152,000			Enel SpA			1,135,026

Shares						Market Value
	3,000			Eni SpA		$	45,889
	5,000			Eni SpA, ADR			152,450
	225,000			Hera SpA			923,572
	12,000			Hokkaido Electric Power Co. Inc.			63,149
	22,000			Hokuriku Electric Power Co.†			147,718
	14,000			Huaneng Power International Inc., ADR			266,700
	213,002			Iberdrola SA			2,213,900
	34,000			Korea Electric Power Corp., ADR†			368,560
	22,000			Kyushu Electric Power Co. Inc.			207,538
	10,000			Shikoku Electric Power Co. Inc.			94,243
	15,000			The Chugoku Electric Power Co. Inc.			192,694
	14,000			The Kansai Electric Power Co. Inc.			156,476
	10,000			Tohoku Electric Power Co. Inc.			97,480
	100			Uniper SE			3,280
	2,000			Verbund AG			109,431
				U.S. Companies
	2,000			ALLETE Inc.			174,820
	20,000			Ameren Corp.			1,601,000
	27,500			American Electric Power Co. Inc.			2,576,475
	2,500			Avangrid Inc.			130,625
	17,100			Avista Corp.			828,324
	2,400			Black Hills Corp.			184,152
	11,007			Dominion Energy Inc.			892,007
	10,000			Duke Energy Corp.			958,600
	28,000			El Paso Electric Co.			1,878,240
	800			Evergy Inc.			53,248
	24,000			Eversource Energy			2,051,280
	15,000			Hawaiian Electric Industries Inc.			684,150
	14,400			MGE Energy Inc.			1,150,128
	5,500			NextEra Energy Inc.			1,281,445
	36,000			NiSource Inc.			1,077,120
	10,500			NorthWestern Corp.			788,025
	37,000			OGE Energy Corp.			1,679,060
	11,000			Otter Tail Corp.			591,250
	4,000			PG&E Corp.†			40,000
	14,000			Pinnacle West Capital Corp.			1,358,980
	7,000			PPL Corp.			220,430
	29,000			Public Service Enterprise Group Inc.			1,800,320
	105,000			The AES Corp.			1,715,700
	20,000			The Southern Co.			1,235,400
	18,000			Xcel Energy Inc.			1,168,020
							35,823,836
				Natural Gas Integrated — 2.4%
				Non U.S. Companies
	80,000			Snam SpA			404,068
				U.S. Companies
	8,800			Apache Corp.			225,280
	14,000			Kinder Morgan Inc.			288,540
	60,000			National Fuel Gas Co.			2,815,200

1

The Gabelli Global Utility & Income Trust

Schedule of Investments (Continued) — September 30, 2019 (Unaudited)

Shares						Market Value
				COMMON STOCKS (Continued)
				ENERGY AND UTILITIES (Continued)
				Natural Gas Integrated (Continued)
				U.S. Companies (Continued)
	4,000			ONEOK Inc.		$	294,760
							4,027,848
				Natural Gas Utilities — 3.2%
				Non U.S. Companies
	1,500			Enagas SA			34,759
	9,800			Engie, ADR			159,642
	1,000			Engie SA			16,328
	16,000			Italgas SpA			103,275
	101,000			National Grid plc			1,095,178
	15,000			National Grid plc, ADR			811,950
	50,000			Valener Inc.			980,866
				U.S. Companies
	8,000			Atmos Energy Corp.			911,120
	2,000			Chesapeake Utilities Corp.			190,640
	1,300			ONE Gas Inc.			124,943
	10,000			Southwest Gas Holdings Inc.			910,400
	2,000			Spire Inc.			174,480
							5,513,581
				Natural Resources — 0.4%
				Non U.S. Companies
	12,000			Cameco Corp.			114,000
				U.S. Companies
	21,000			California Resources Corp.†			214,200
	10,000			CNX Resources Corp.†			72,600
	1,000			CONSOL Energy Inc.†			15,630
	644			Diamondback Energy Inc.			57,902
	4,694			Occidental Petroleum Corp.			208,742
							683,074
				Oil — 0.7%
				Non U.S. Companies
	4,000			PetroChina Co. Ltd., ADR			203,240
	10,000			Petroleo Brasileiro SA, ADR			144,700
	9,000			Royal Dutch Shell plc, Cl. A, ADR			529,650
				U.S. Companies
	1,000			Chevron Corp.			118,600
	1,000			ConocoPhillips			56,980
	6,000			Devon Energy Corp.			144,360
	10,000			Whiting Petroleum Corp.†			80,300
							1,277,830
				Services — 1.5%
				Non U.S. Companies
	37,000			ABB Ltd., ADR			727,790

Shares						Market Value
	23,000			Enbridge Inc.		$	806,840
	5,726			First Sensor AG			200,026
	370,000			Weatherford International plc†			10,286
				U.S. Companies
	12,000			AZZ Inc.			522,720
	10,000			Halliburton Co.			188,500
	1,500			National Oilwell Varco Inc.			31,800
							2,487,962
				Water — 2.6%
				Non U.S. Companies
	5,000			Consolidated Water Co. Ltd.			82,450
	98,000			Severn Trent plc			2,608,722
	35,000			United Utilities Group plc			355,375
				U.S. Companies
	9,000			Aqua America Inc.			403,470
	5,400			California Water Service Group			285,822
	4,000			Middlesex Water Co.			259,840
	6,500			SJW Group			443,885
							4,439,564
				Environmental Services — 0.2%
				Non U.S. Companies
	500			Suez			7,861
	12,000			Veolia Environnement SA			304,228
							312,089
				TOTAL ENERGY AND UTILITIES			63,690,494
				OTHER — 26.3%
				Aerospace — 1.2%
				Non U.S. Companies
	110,000			Rolls-Royce Holdings plc			1,071,719
	8,000			Transat AT Inc.†			89,067
	15,000			WestJet Airlines Ltd.			346,454
				U.S. Companies
	14,000			AAR Corp.			576,940
							2,084,180
				Automotive — 0.0%
				Non U.S. Companies
	350			Ferrari NV			53,932
				Automotive: Parts and Accessories — 0.1%
				Non U.S. Companies
	4,000			Linamar Corp.			130,037
				Building and Construction — 0.2%
				Non U.S. Companies
	500			Acciona SA			52,917

2

The Gabelli Global Utility & Income Trust

Schedule of Investments (Continued) — September 30, 2019 (Unaudited)

Shares						Market Value
				COMMON STOCKS (Continued)
				OTHER (Continued)
				Building and Construction (Continued)
				Non U.S. Companies (Continued)
	1,500			Sika AG		$	219,428
				U.S. Companies
	4,000			Arcosa Inc.			136,840
							409,185
				Business Services — 1.6%
				Non U.S. Companies
	54,000			JCDecaux SA			1,462,021
	1,200			Mellanox Technologies Ltd.†			131,508
	150,000			Sistema PJSFC, GDR			579,600
				U.S. Companies
	25,000			Diebold Nixdorf Inc.†			280,000
	8,000			Macquarie Infrastructure Corp.			315,760
							2,768,889
				Computer Software and Services — 0.5%
				Non U.S. Companies
	2,000			Prosus NV†			146,817
	80,000			Scisys Group plc			247,876
	2,000			Tencent Holdings Ltd.			84,259
				U.S. Companies
	2,430			Global Payments Inc.			386,370
							865,322
				Consumer Products — 1.4%
				Non U.S. Companies
	15,000			Scandinavian Tobacco Group A/S			175,512
	45,000			Swedish Match AB			1,860,972
				U.S. Companies
	5,000			Brunswick Corp.			260,600
							2,297,084
				Consumer Services — 0.3%
				U.S. Companies
	13,300			Matthews International Corp., Cl. A			470,687
				Diversified Industrial — 0.3%
				Non U.S. Companies
	5,000			Ardagh Group SA			78,400
				U.S. Companies
	20,100			Trinity Industries Inc.			395,568
							473,968
				Electronics — 1.7%
				Non U.S. Companies
	48,000			Sony Corp., ADR			2,838,240

Shares						Market Value
				Entertainment — 1.7%
				Non U.S. Companies
	88,000			Grupo Televisa SAB, ADR		$	860,640
	2,000			Naspers Ltd., Cl. N			303,077
	48,000			Vivendi SA			1,317,362
				U.S. Companies
	15,000			Fox Corp., Cl. B			473,100
							2,954,179
				Financial Services — 3.0%
				Non U.S. Companies
	3,000			Brookfield Asset Management Inc., Cl. A			159,270
	8,000			Deutsche Bank AG			60,000
	4,000			Dream Global Real Estate Investment Trust			50,179
	48,000			GAM Holding AG†			192,375
	20,000			Janus Henderson Group plc			449,200
	10,000			Kinnevik AB, Cl. A			274,785
	100,000			Resona Holdings Inc.			428,208
				U.S. Companies
	10,000			AllianceBernstein Holding LP			293,500
	24,000			Bank of America Corp.			700,080
	1,500			M&T Bank Corp.			236,955
	10,000			The Bank of New York Mellon Corp.			452,100
	3,000			The Goldman Sachs Group Inc.			621,690
	4,500			The Hartford Financial Services Group Inc.			272,745
	2,000			The PNC Financial Services Group Inc.			280,320
	12,430			UGI Corp.			624,856
							5,096,263
				Food and Beverage — 4.4%
				Non U.S. Companies
	110			Chocoladefabriken Lindt & Spruengli AG			812,284
	3,000			Chr. Hansen Holding A/S			254,630
	18,000			Cott Corp.			224,460
	80,000			Davide Campari-Milano SpA			722,857
	8,000			Diageo plc, ADR			1,308,160
	1,000			Fomento Economico Mexicano SAB de CV, ADR			91,580
	6,000			Heineken NV			648,479
	20,000			Maple Leaf Foods Inc.			448,655
	11,000			Nestlé SA			1,193,407
	3,000			Pernod Ricard SA			534,295
	1,000			Yakult Honsha Co. Ltd.			55,861
				U.S. Companies
	1,000			General Mills Inc.			55,120
	7,000			McCormick & Co. Inc., Non-Voting			1,094,100
							7,443,888

3

The Gabelli Global Utility & Income Trust

Schedule of Investments (Continued) — September 30, 2019 (Unaudited)

Shares						Market Value
				COMMON STOCKS (Continued)
				OTHER (Continued)
				Health Care — 2.9%
				Non U.S. Companies
	13,000			Allergan plc		$	2,187,770
				U.S. Companies
	1,000			Bristol-Myers Squibb Co.			50,710
	2,500			Johnson & Johnson			323,450
	40,000			Owens & Minor Inc.			232,400
	22,000			Spark Therapeutics Inc.†			2,133,560
							4,927,890
				Hotels and Gaming — 3.1%
				Non U.S. Companies
	150,000			Genting Singapore Ltd.			95,503
	110,000			International Game Technology plc			1,563,100
	460,000			Mandarin Oriental International Ltd.			717,600
	340,000			The Hongkong & Shanghai Hotels Ltd.			330,990
	650,000			William Hill plc			1,499,705
				U.S. Companies
	4,000			Churchill Downs Inc.			493,820
	6,600			Ryman Hospitality Properties Inc., REIT			539,946
							5,240,664
				Machinery — 1.6%
				Non U.S. Companies
	185,000			CNH Industrial NV			1,877,750
				U.S. Companies
	10,000			CIRCOR International Inc.†			375,500
	6,000			Xylem Inc.			477,720
							2,730,970
				Specialty Chemicals — 2.1%
				Non U.S. Companies
	10,000			Axalta Coating Systems Ltd.†			301,500
	800			Givaudan SA			2,231,552
				U.S. Companies
	18,000			Versum Materials Inc.			952,740
							3,485,792
				Transportation — 0.2%
				U.S. Companies
	5,000			GATX Corp.			387,650
				TOTAL OTHER			44,658,820
				COMMUNICATIONS — 16.3%
				Cable and Satellite — 4.9%
				Non U.S. Companies
	10,000			Cogeco Inc.			720,383
	70,000			ITV plc			108,360
	25,104			Liberty Global plc, Cl. A†			621,324

Shares						Market Value
	48,000			Liberty Global plc, Cl. C†		$	1,141,920
	14,000			Liberty Latin America Ltd., Cl. A†			238,980
	20,000			Liberty Latin America Ltd., Cl. C†			341,900
	45,000			Rogers Communications Inc., Cl. B			2,192,850
				U.S. Companies
	150			Charter Communications Inc., Cl. A†			61,818
	15,000			Comcast Corp., Cl. A			676,200
	39,411			DISH Network Corp., Cl. A†			1,342,733
	6,000			EchoStar Corp., Cl. A†			237,720
	168			Liberty Broadband Corp., Cl. B†			17,774
	85,000			WideOpenWest Inc.†			523,600
							8,225,562
				Telecommunications — 9.0%
				Non U.S. Companies
	19,000			Axel Springer SE†			1,304,675
	36,500			BCE Inc.			1,766,965
	28,500			BT Group plc, ADR(a)			308,655
	52,000			Deutsche Telekom AG, ADR			868,920
	4,000			DNA Oyj			91,033
	200,000			Inmarsat plc			1,438,074
	465,000			Koninklijke KPN NV			1,450,036
	3,500			Maroc Telecom			51,119
	1,391			Millicom International Cellular SA			67,700
	5,000			Orange SA, ADR			77,850
	31,151			Orascom Investment Holding, GDR†			4,517
	80,000			Pharol SGPS SA†			9,731
	8,000			Proximus SA			237,610
	1,200			Swisscom AG			591,914
	2,000			Swisscom AG, ADR			98,540
	40,000			Telecom Italia SpA†			22,824
	12,000			Telefonica Brasil SA, ADR			158,040
	45,000			Telefonica Deutschland Holding AG			125,465
	67,000			Telefonica SA, ADR			509,200
	70,000			Telekom Austria AG			508,899
	22,000			Telenet Group Holding NV†			1,038,290
	250,000			VEON Ltd., ADR			600,000
				U.S. Companies
	20,000			AT&T Inc.			756,800
	68,000			CenturyLink Inc.			848,640
	4,000			Telephone & Data Systems Inc.			103,200
	1,000			T-Mobile US Inc.†			78,770
	37,000			Verizon Communications Inc.			2,233,320
							15,350,787
				Wireless Communications — 2.4%
				Non U.S. Companies
	4,000			America Movil SAB de CV, Cl. L, ADR			59,440
	37,800			Millicom International Cellular SA, SDR			1,833,928
	6,000			Mobile TeleSystems PJSC, ADR			48,600

4

The Gabelli Global Utility & Income Trust

Schedule of Investments (Continued) — September 30, 2019 (Unaudited)

Shares						Market Value
				COMMON STOCKS (Continued)
				COMMUNICATIONS (Continued)
				Wireless Communications (Continued)
				Non U.S. Companies (Continued)
	6,000			SK Telecom Co. Ltd., ADR		$	133,200
	20,000			Turkcell Iletisim Hizmetleri A/S, ADR			115,600
	78,000			Vodafone Group plc, ADR			1,552,980
				U.S. Companies
	6,500			United States Cellular Corp.†			244,270
							3,988,018
				TOTAL COMMUNICATIONS			27,564,367
				INDEPENDENT POWER PRODUCERS AND ENERGY TRADERS — 0.1%
				Independent Power Producers and Energy Traders — 0.1%
				U.S. Companies
	3,000			NRG Energy Inc.			118,800
				TOTAL COMMON STOCKS			136,032,481
				CLOSED-END FUNDS — 0.1%
	10,000			Altaba Inc.			194,800
				RIGHTS — 0.0%
				OTHER — 0.0%
				Health Care — 0.0%
				Non U.S. Companies
	17,029			Ipsen SA/Clementia, CVR†(a)			22,989
				WARRANTS — 0.0%
				COMMUNICATIONS — 0.0%
				Telecommunications — 0.0%
				Non U.S. Companies
	6,000			Bharti Airtel Ltd., expire 11/30/20†(b)			31,140

Principal Amount						Market Value
				U.S. GOVERNMENT OBLIGATIONS — 19.7%
	$33,469,000			U.S. Treasury Bills, 1.752% to 2.222%††, 10/10/19 to 03/19/20(c)		$	33,399,919
				TOTAL INVESTMENTS — 100.0%
				(Cost $139,939,293)		$	169,681,329

(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, 2019, $500,000 of the principal amount was pledged as collateral for equity contract for difference swap agreements.
†		Non-income producing security.
††		Represents annualized yields at dates of purchase.
ADR		American Depositary Receipt
CVR		Contingent Value Right
GDR		Global Depositary Receipt
REIT		Real Estate Investment Trust
SDR		Swedish Depositary Receipt

Geographic Diversification		% of Total Investments		Market Value
United States		59.0%		$	100,064,650
Europe		29.3			49,656,111
Canada		5.6			9,559,992
Japan		2.7			4,654,323
Asia/Pacific		2.1			3,584,730
Latin America		1.1			1,802,810
South Africa		0.2			303,077
Africa/Middle East		0.0*			55,636
Total Investments		100.0%		$	169,681,329

* Amount represents less than 0.05%.

5