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The Gabelli Global Utility & Income Trust

Schedule of Investments — September 30, 2020 (Unaudited)


Shares			Market Value
		COMMON STOCKS — 76.2%
		ENERGY AND UTILITIES — 36.8%
		Alternative Energy — 3.2%
		Non U.S. Companies
	68,000	Siemens Gamesa Renewable Energy SA	$	1,840,898
	450	SolarEdge Technologies Inc.†		107,258
	1,700	Vestas Wind Systems A/S		275,752

		U.S. Companies
	1,300	Brookfield Renewable Corp., Cl. A		76,180
	36,314	NextEra Energy Partners LP		2,177,387
	8,150	Ormat Technologies Inc.		481,748

				4,959,223

		Diversified Industrial — 1.6%
		Non U.S. Companies
	16,000	Bouygues SA		555,651
	16,500	Jardine Matheson Holdings Ltd.		654,720
	17,000	Jardine Strategic Holdings Ltd.		336,770

		U.S. Companies
	30,000	Flowserve Corp.		818,700
	20,000	General Electric Co.		124,600
	4,500	Mueller Water Products Inc., Cl. A		46,755

				2,537,196

		Electric Transmission and Distribution — 2.5%
		Non U.S. Companies
	8,000	Algonquin Power & Utilities Corp.		116,195
	1,000	Ascendant Group Ltd.		30,500
	1,700	Boralex Inc., Cl. A		49,140
	28,000	Enel Chile SA, ADR		96,320
	1,000	Equatorial Energia SA		3,766
	11,000	Fortis Inc.		449,732
	1,250	Fortis Inc.		51,075
	7,600	Landis+Gyr Group AG†		416,286
	1,100	Orsted A/S.		151,646
	20,000	Red Electrica Corp. SA		375,538

		U.S. Companies
	2,400	Consolidated Edison Inc.		186,720
	350	Sempra Energy		41,426
	28,000	Twin Disc Inc.†		141,680
	4,000	Unitil Corp.		154,560
	16,300	WEC Energy Group Inc.		1,579,470

				3,844,054

		Energy and Utilities: Integrated — 20.5%
		Non U.S. Companies
	140,000	A2A SpA.		203,538
	15,000	BP plc, ADR		261,900
	10,000	Chubu Electric Power Co. Inc.		121,462


Shares			Market Value
	152,000	Datang International Power Generation Co. Ltd., Cl. H	$	19,024
	2,000	E.ON SE		22,108
	14,000	E.ON SE, ADR		154,420
	20,615	EDP - Energias de Portugal SA		101,394
	9,000	EDP - Energias de Portugal SA, ADR		450,360
	12,000	Electric Power Development Co. Ltd.		184,668
	33,000	Emera Inc.		1,355,638
	8,500	Endesa SA		227,521
	28,000	Enel Americas SA, ADR		180,880
	152,000	Enel SpA		1,321,987
	4,000	Eni SpA.		31,366
	6,000	Eni SpA, ADR		93,240
	225,000	Hera SpA		831,506
	12,000	Hokkaido Electric Power Co. Inc.		51,202
	22,000	Hokuriku Electric Power Co.		164,585
	14,000	Huaneng Power International Inc., ADR		216,020
	221,546	Iberdrola SA		2,730,005
	1,800	Innergex Renewable Energy Inc.		32,525
	34,000	Korea Electric Power Corp., ADR†		296,140
	22,000	Kyushu Electric Power Co. Inc.		199,630
	14,000	Shikoku Electric Power Co. Inc.		106,727
	15,000	The Chugoku Electric Power Co. Inc.		187,598
	14,000	The Kansai Electric Power Co. Inc.		135,400
	10,000	Tohoku Electric Power Co. Inc.		100,128
	100	Uniper SE		3,231
	2,000	Verbund AG		109,461

		U.S. Companies
	2,000	ALLETE Inc.		103,480
	1,400	Alliant Energy Corp.		72,310
	18,500	Ameren Corp.		1,462,980
	25,000	American Electric Power Co. Inc.		2,043,250
	13,100	Avangrid Inc.		661,026
	17,100	Avista Corp.		583,452
	600	Black Hills Corp.		32,094
	500	CMS Energy Corp.		30,705
	11,007	Dominion Energy Inc.		868,783
	1,000	DTE Energy Co.		115,040
	10,700	Duke Energy Corp.		947,592
	500	Entergy Corp.		49,265
	17,500	Evergy Inc.		889,350
	20,700	Eversource Energy		1,729,485
	100	FirstEnergy Corp.		2,871
	380,000	Gulf Coast Ultra Deep Royalty Trust		2,660
	16,000	Hawaiian Electric Industries Inc.		531,840
	300	IDACORP Inc.		23,970
	10,000	MGE Energy Inc.		626,600
	5,300	NextEra Energy Inc.		1,471,068
	36,000	NiSource Inc.		792,000
	10,500	NorthWestern Corp.		510,720
	35,000	OGE Energy Corp.		1,049,650

The Gabelli Global Utility & Income Trust

Schedule of Investments (Continued) — September 30, 2020 (Unaudited)


Shares			Market Value
		COMMON STOCKS (Continued)
		ENERGY AND UTILITIES (Continued)
		Energy and Utilities: Integrated (Continued)
		U.S. Companies (Continued)
	11,000	Otter Tail Corp.	$	397,870
	13,500	PG&E Corp.†		126,765
	14,000	Pinnacle West Capital Corp.		1,043,700
	500	Portland General Electric Co.		17,750
	8,400	PPL Corp.		228,564
	15,000	Public Service Enterprise Group Inc.		823,650
	121,500	The AES Corp.		2,200,365
	19,000	The Southern Co.		1,030,180
	18,500	Xcel Energy Inc.		1,276,685

				31,639,384

		Environmental Services — 0.3%
		Non U.S. Companies
	2,500	Cia de Saneamento Basico do Estado de Sao
		Paulo, ADR		20,750
	900	Pentair plc		41,193
	2,500	Suez SA		46,327
	13,000	Veolia Environnement SA		280,756

		U.S. Companies
	300	Tetra Tech Inc.		28,650

				417,676

		Independent Power Producers and Energy Traders — 0.1%
		Non U.S. Companies
	3,000	Atlantica Sustainable Infrastructure plc		85,830

		Natural Gas Integrated — 2.1%
		Non U.S. Companies
	80,000	Snam SpA		411,673
	1,100	TC Energy Corp.		46,222

		U.S. Companies
	5,000	Apache Corp.		47,350
	14,000	Kinder Morgan Inc.		172,620
	60,000	National Fuel Gas Co.		2,435,400
	4,000	ONEOK Inc.		103,920

				3,217,185

		Natural Gas Utilities — 2.5%
		Non U.S. Companies
	1,500	Enagas SA		34,637
	1,000	Engie SA†		13,389
	9,800	Engie SA, ADR†		130,046
	16,000	Italgas SpA		101,019
	101,000	National Grid plc		1,159,640
	15,700	National Grid plc, ADR		907,303

		U.S. Companies
	6,000	Atmos Energy Corp.		573,540


Shares			Market Value
	1,700	Chesapeake Utilities Corp.	$	143,310
	1,300	ONE Gas Inc.		89,713
	10,000	Southwest Gas Holdings Inc.		631,000
	2,000	Spire Inc.		106,400

				3,889,997

		Natural Resources — 0.1%
		Non U.S. Companies
	12,000	Cameco Corp.		121,200
	200	Linde plc		47,626

		U.S. Companies
	15,000	California Resources Corp.†		1,297
	1,200	Diamondback Energy Inc.		36,144
	2,000	Occidental Petroleum Corp.		20,020

				226,287

		Oil — 0.3%
		Non U.S. Companies
	5,000	PetroChina Co. Ltd., ADR		147,200
	10,000	Petroleo Brasileiro SA, ADR		71,200
	4,800	Royal Dutch Shell plc, Cl. A, ADR		120,816

		U.S. Companies
	1,000	Chevron Corp.		72,000
	1,000	ConocoPhillips		32,840

				444,056

		Services — 1.9%
		Non U.S. Companies
	1,000	ABB Ltd.		25,460
	37,000	ABB Ltd., ADR		941,650
	23,000	Enbridge Inc.		671,600
	5,726	First Sensor AG		269,882
	4,000	Weatherford International plc†		7,800

		U.S. Companies
	25,500	AZZ Inc.		870,060
	10,000	Halliburton Co.		120,500
	2,000	National Oilwell Varco Inc.		18,120
	4,000	Noble Energy Inc.		34,200

				2,959,272

		Water — 1.7%
		Non U.S. Companies
	500	Cia de Saneamento de Minas Gerais-COPASA		4,175
	5,000	Consolidated Water Co. Ltd.		52,050
	2,000	Fluidra SA†		33,954
	32,000	Severn Trent plc		1,007,097
	35,000	United Utilities Group plc		386,500

		U.S. Companies
	500	Artesian Resources Corp., Cl. A		17,235

The Gabelli Global Utility & Income Trust

Schedule of Investments (Continued) — September 30, 2020 (Unaudited)


Shares			Market Value
		COMMON STOCKS (Continued)
		ENERGY AND UTILITIES (Continued)
		Water (Continued)
		U.S. Companies (Continued)
	5,400	California Water Service Group	$	234,630
	8,000	Essential Utilities Inc.		322,000
	40,000	Fluence Corp. Ltd.†		6,446
	4,000	Middlesex Water Co.		248,600
	6,500	SJW Group		395,590

				2,708,277

		TOTAL ENERGY AND UTILITIES		56,928,437


		OTHER — 26.1%
		Aerospace — 0.2%
		Non U.S. Companies
	40,000	Rolls-Royce Holdings plc		67,099
	7,000	Transat AT Inc.†		20,450

		U.S. Companies
	11,500	AAR Corp.		216,200

				303,749

		Automotive — 0.1%
		Non U.S. Companies
	350	Ferrari NV		64,432

		Automotive: Parts and Accessories — 0.0%
		Non U.S. Companies
	2,000	Linamar Corp.		59,495

		Building and Construction — 0.4%
		Non U.S. Companies
	500	Acciona SA		54,402
	1,700	Sika AG.		417,686

		U.S. Companies
	4,000	Arcosa Inc.		176,360

				648,448

		Business Services — 1.3%
		Non U.S. Companies
	6,000	Ahlstrom-Munksjo Oyj		126,485
	50,000	JCDecaux SA†		865,859
	140,000	Sistema PJSC FC, GDR		750,400

		U.S. Companies
	12,000	Diebold Nixdorf Inc.†		91,680
	5,000	Macquarie Infrastructure Corp.		134,450

				1,968,874

		Computer Software and Services — 0.8%
		Non U.S. Companies
	2,000	Prosus NV†		184,545


Shares			Market Value
	2,000	Tencent Holdings Ltd.	$	131,999

		U.S. Companies
	2,430	Global Payments Inc.		431,519
	15,000	Rosetta Stone Inc.†		449,700

				1,197,763

		Consumer Products — 2.8%
		Non U.S. Companies
	16,000	Essity AB, Cl. B†		540,965
	500	Ferguson plc		50,401
	1,500	Salvatore Ferragamo SpA†		22,107
	15,000	Scandinavian Tobacco Group A/S		222,641
	43,000	Swedish Match AB		3,518,415

				4,354,529

		Consumer Services — 0.4%
		U.S. Companies
	28,000	Matthews International Corp., Cl. A		626,080

		Diversified Industrial — 0.7%
		Non U.S. Companies
	42,000	Ardagh Group SA		590,100
	600	Sulzer AG		48,238

		U.S. Companies
	23,000	Trinity Industries Inc.		448,500

				1,086,838

		Electronics — 1.7%
		Non U.S. Companies
	5,000	Kyocera Corp.		284,312
	1,000	Signify NV†		37,026
	30,000	Sony Corp., ADR		2,302,500

		U.S. Companies
	400	Hubbell Inc.		54,736

				2,678,574

		Entertainment — 1.9%
		Non U.S. Companies
	90,000	Grupo Televisa SAB, ADR†		556,200
	16,000	Manchester United plc, Cl. A		232,640
	2,000	Naspers Ltd., Cl. N		353,433
	48,000	Vivendi SA		1,339,414

		U.S. Companies
	15,000	Fox Corp., Cl. B		419,550

				2,901,237

		Financial Services — 3.6%
		Non U.S. Companies
	4,500	Brookfield Asset Management Inc., Cl. A		148,770

The Gabelli Global Utility & Income Trust

Schedule of Investments (Continued) — September 30, 2020 (Unaudited)


Shares			Market Value
		COMMON STOCKS (Continued)
		OTHER (Continued)
		Financial Services (Continued)
		Non U.S. Companies (Continued)
	55,000	Commerzbank AG†	$	270,386
	48,000	Credit Suisse Group AG		481,746
	26,000	Credit Suisse Group AG, ADR		259,220
	8,000	Deutsche Bank AG†		67,200
	65,000	GAM Holding AG†		125,618
	24,000	Janus Henderson Group plc		521,280
	10,000	Kinnevik AB, Cl. A.		404,205
	100,000	Resona Holdings Inc.		339,070
	30,000	UBS Group AG.		335,487
	26,000	UBS Group AG.		289,900

		U.S. Companies
	9,000	AllianceBernstein Holding LP		243,360
	20,000	Bank of America Corp.		481,800
	1,500	M&T Bank Corp.		138,135
	11,000	The Bank of New York Mellon Corp.		377,740
	2,500	The Goldman Sachs Group Inc.		502,425
	16,430	UGI Corp.		541,861
	3,000	Wells Fargo & Co.		70,530

				5,598,733

		Food and Beverage — 5.1%
		Non U.S. Companies
	110	Chocoladefabriken Lindt & Spruengli AG		928,560
	3,000	Chr. Hansen Holding A/S		333,454
	70,000	Davide Campari-Milano NV.		764,829
	7,500	Diageo plc, ADR		1,032,450
	1,500	Fomento Economico Mexicano SAB de CV, ADR		84,285
	6,000	Heineken NV.		533,796
	1,000	Kerry Group plc, Cl. A		128,384
	3,300	Kikkoman Corp.		182,108
	38,000	Maple Leaf Foods Inc.		774,811
	10,000	Nestlé SA.		1,187,123
	2,000	Pernod Ricard SA		319,260
	2,000	Remy Cointreau SA		365,338
	1,000	Yakult Honsha Co. Ltd.		55,469

		U.S. Companies
	1,000	General Mills Inc.		61,680
	5,500	McCormick & Co. Inc., Non-Voting		1,067,550

				7,819,097

		Health Care — 0.8%
		U.S. Companies
	10,000	Aimmune Therapeutics Inc.†		344,500
	25,000	Pfizer Inc.		917,500

				1,262,000


Shares			Market Value
		Hotels and Gaming — 2.9%
		Non U.S. Companies
	150,000	Genting Singapore Ltd.	$	73,624
	460,000	Mandarin Oriental International Ltd.†		828,000
	340,000	The Hongkong & Shanghai Hotels Ltd.		264,102
	800,000	William Hill plc		2,869,751

		U.S. Companies
	2,700	Churchill Downs Inc.		442,314

				4,477,791

		Machinery — 1.4%
		Non U.S. Companies
	185,000	CNH Industrial NV†		1,446,700

		U.S. Companies
	6,000	CIRCOR International Inc.†		164,100
	6,000	Xylem Inc.		504,720

				2,115,520

		Specialty Chemicals — 1.8%
		Non U.S. Companies
	6,000	Axalta Coating Systems Ltd.†		133,020
	600	Givaudan SA		2,586,179

		U.S. Companies
	300	Air Products and Chemicals Inc.		89,358

				2,808,557

		Transportation — 0.2%
		U.S. Companies
	5,000	GATX Corp.		318,750

		TOTAL OTHER		40,290,467


		COMMUNICATIONS — 13.2%
		Cable and Satellite — 4.3%
		Non U.S. Companies
	10,000	Cogeco Inc.		661,259
	70,000	ITV plc		61,078
	25,104	Liberty Global plc, Cl. A†		527,435
	44,000	Liberty Global plc, Cl. C†		903,540
	13,500	Liberty Latin America Ltd., Cl. A†		111,375
	45,000	Rogers Communications Inc., Cl. B		1,784,250

		U.S. Companies
	200	Charter Communications Inc., Cl. A†		124,868
	14,000	Comcast Corp., Cl. A		647,640
	38,000	DISH Network Corp., Cl. A†		1,103,140
	6,000	EchoStar Corp., Cl. A†		149,340
	168	Liberty Broadband Corp., Cl. B†		24,902
	3,631	Liberty Latin America Ltd., Cl. C†		29,556
	85,000	WideOpenWest Inc.†		441,150

				6,569,533

The Gabelli Global Utility & Income Trust

Schedule of Investments (Continued) — September 30, 2020 (Unaudited)


Shares			Market Value
		COMMON STOCKS (Continued)
		COMMUNICATIONS (Continued)
		Telecommunications — 7.4%
		Non U.S. Companies
	34,000	BCE Inc.	$	1,409,980
	142,500	BT Group plc, Cl. A		180,897
	24,000	Deutsche Telekom AG		402,106
	56,000	Deutsche Telekom AG, ADR		943,600
	465,000	Koninklijke KPN NV		1,094,201
	3,500	Maroc Telecom		51,705
	5,000	Orange SA, ADR		51,900
	27,000	Orascom Investment Holding, GDR†		3,564
	60,000	Pharol SGPS SA†		7,555
	8,000	Proximus SA		146,088
	10,000	Sunrise Communications Group AG		1,183,432
	1,200	Swisscom AG		636,578
	2,000	Swisscom AG, ADR		106,400
	40,000	Telecom Italia SpA		16,039
	12,000	Telefonica Brasil SA, ADR		92,040
	45,000	Telefonica Deutschland Holding AG		115,493
	72,791	Telefonica SA, ADR		250,401
	70,000	Telekom Austria AG		494,894
	22,500	Telenet Group Holding NV		874,242
	5,000	TELUS Corp.		87,980
	250,000	VEON Ltd., ADR		315,000

		U.S. Companies
	7,000	AT&T Inc.		199,570
	65,500	CenturyLink Inc.		660,895
	4,000	Telephone and Data Systems Inc.		73,760
	1,000	T-Mobile US Inc.†.		114,360
	32,000	Verizon Communications Inc.		1,903,680

				11,416,360

		Wireless Communications — 1.5%
		Non U.S. Companies
	3,000	America Movil SAB de CV, Cl. L, ADR		37,470
	22,000	Millicom International Cellular SA, SDR		669,641
	6,000	Mobile TeleSystems PJSC, ADR		52,380
	2,000	NTT DOCOMO Inc.		73,674
	6,000	SK Telecom Co. Ltd., ADR.		134,520
	20,000	Turkcell Iletisim Hizmetleri A/S, ADR		95,800
	77,000	Vodafone Group plc, ADR		1,033,340

		U.S. Companies
	2,500	Anterix Inc.†		81,775
	6,500	United States Cellular Corp.†		191,945

				2,370,545

		TOTAL COMMUNICATIONS		20,356,438


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.	$	92,220


		DIVERSIFIED INDUSTRIAL — 0.0%
		Electronics — 0.0%
		U.S. Companies
	100	Roper Technologies Inc.		39,511


		ENVIRONMENTAL SERVICES — 0.0%
		Water — 0.0%
		U.S. Companies
	1,500	Evoqua Water Technologies Corp.†		31,830

		TOTAL COMMON STOCKS		117,738,903


		CLOSED-END FUNDS — 0.2%
	10,000	Altaba Inc., Escrow†		226,500


		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 12/02/20†(b)		34,260


		ENERGY AND UTILITIES — 0.0%
		Natural Resources — 0.0%
		U.S. Companies
	1,500	Occidental Petroleum Corp., expire 08/03/27†		4,500

		Services — 0.0%
		Non U.S. Companies
	2,850	Weatherford International plc, expire 12/13/23†		370

				4,870

		TOTAL WARRANTS		39,130

The Gabelli Global Utility & Income Trust

Schedule of Investments (Continued) — September 30, 2020 (Unaudited)


Principal Amount			Market Value
		U.S. GOVERNMENT OBLIGATIONS — 23.6%
	$36,435,000	U.S. Treasury Bills, 0.080% to 0.165%††, 10/01/20 to 03/18/21(c)	$	36,429,984


		TOTAL INVESTMENTS — 100.0% (Cost $137,069,682)	$	154,457,506

(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, 2020, $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

SDR	Swedish Depositary Receipt


Geographic Diversification	% of Total Investments			Market Value
United States		56.0	%	$	86,490,508
Europe		33.0			50,897,685
Canada		5.1			7,840,323
Japan		2.9			4,488,533
Asia/Pacific		2.0			3,102,119
Latin America		0.8			1,229,636
South Africa		0.2			353,433
Africa/Middle East		0.0	*		55,269

Total Investments		100.0	%	$	154,457,506

*	Amount represents less than 0.05%.