The

Gabelli

Global

Utility

Income

Trust

Schedule

Investments

—

March

31,

2026

(Unaudited)

Market

Value

COMMON

STOCKS—

97.0%

ENERGY

AND

UTILITIES

—

Aerospace

—

0.0

U.S.

Companies

4,000‌

Redwire

Corp.

†

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

34,000‌

Alternative

Energy

—

Non

U.S.

Companies

750‌

Brookfield

Renewable

Corp.

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

29,872‌

U.S.

Companies

7,000‌

Ormat

Technologies

Inc.

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

783,440‌

31,250‌

XPLR

Infrastructure

†

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

331,875‌

1,145,187‌

Automotive

—

0.0

U.S.

Companies

4,000‌

Monro

Inc.

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

64,160‌

Diversified

Industrial

—

Non

U.S.

Companies

21,800‌

Bouygues

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

1,245,010‌

17,400‌

Jardine

Matheson

Holdings

Ltd.

.........

1,238,010‌

U.S.

Companies

19,500‌

Flowserve

Corp.

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

1,433,445‌

3,916,465‌

Electric

Transmission

and

Distribution

—

Non

U.S.

Companies

154,000‌

Algonquin

Power

Utilities

Corp.

........

945,560‌

1,300‌

Boralex

Inc.

Cl. A

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

34,241‌

28,000‌

Enel

Chile

ADR

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

110,320‌

8,700‌

Fortis

Inc.

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

485,376‌

650‌

Fortis

Inc.,

New

York

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

36,264‌

18,000‌

Redeia

Corp.

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

302,925‌

U.S.

Companies

500‌

CenterPoint

Energy

Inc.

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

21,580‌

1,200‌

Consolidated

Edison

Inc.

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

135,816‌

700‌

Sempra

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

68,019‌

5,500‌

Unitil

Corp.

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

287,320‌

10,500‌

WEC

Energy

Group

Inc.

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

1,215,585‌

3,643,006‌

Energy

and

Utilities:

Integrated

—

Non

U.S.

Companies

140,000‌

A2A

SpA

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

392,896‌

500‌

Acciona

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

128,762‌

2,000‌

E.ON

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

43,830‌

14,000‌

E.ON

ADR

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

309,960‌

17,615‌

EDP

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

92,130‌

9,000‌

EDP

ADR

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

474,030‌

13,800‌

Electric

Power

Development

Co.

Ltd.

.....

376,597‌

33,800‌

Emera

Inc.

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

1,752,080‌

Market

Value

10,000‌

Endesa

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

417,031‌

157,000‌

Enel

SpA

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

1,701,267‌

4,000‌

Eni

SpA

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

114,891‌

7,000‌

Eni

SpA

ADR

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

396,270‌

225,000‌

Hera

SpA

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

1,032,983‌

15,000‌

Hokkaido

Electric

Power

Co.

Inc.

.........

99,808‌

20,000‌

Hokuriku

Electric

Power

Co.

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

134,526‌

103,300‌

Iberdrola

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

2,357,539‌

35,000‌

Korea

Electric

Power

Corp.

ADR

†

........

498,750‌

21,500‌

Kyushu

Electric

Power

Co.

Inc.

..........

244,932‌

12,000‌

Shikoku

Electric

Power

Co.

Inc.

..........

132,170‌

10,000‌

The

Chugoku

Electric

Power

Co.

Inc.

.....

62,865‌

14,000‌

The

Kansai

Electric

Power

Co.

Inc.

.......

227,989‌

10,000‌

Tohoku

Electric

Power

Co.

Inc.

...........

73,722‌

1,800‌

Verbund

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

136,587‌

U.S.

Companies

600‌

Alliant

Energy

Corp.

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

43,056‌

16,700‌

Ameren

Corp.

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

1,835,664‌

19,400‌

American

Electric

Power

Co.

Inc.

.........

2,542,952‌

21,900‌

Avista

Corp.

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

879,066‌

600‌

Black

Hills

Corp.

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

41,646‌

9,500‌

Dominion

Energy

Inc.

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

587,290‌

1,000‌

DTE

Energy

Co.

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

146,220‌

8,950‌

Duke

Energy

Corp.

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

1,171,913‌

500‌

Entergy

Corp.

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

56,180‌

15,000‌

Evergy

Inc.

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

1,228,800‌

16,700‌

Eversource

Energy

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

1,156,976‌

380,000‌

Gulf

Coast

Ultra

Deep

Royalty

Trust

†

.....

13,292‌

10,000‌

Hawaiian

Electric

Industries

Inc.

†

........

148,400‌

7,200‌

MGE

Energy

Inc.

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

556,488‌

17,750‌

NextEra

Energy

Inc.

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

1,648,620‌

35,500‌

NiSource

Inc.

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

1,656,430‌

11,000‌

Northwestern

Energy

Group

Inc.

.........

725,340‌

2,000‌

NRG

Energy

Inc.

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

292,280‌

34,000‌

OGE

Energy

Corp.

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

1,630,640‌

10,000‌

Otter

Tail

Corp.

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

877,700‌

13,500‌

PG&E

Corp.

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

237,195‌

13,800‌

Pinnacle

West

Capital

Corp.

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

1,390,350‌

38,000‌

Portland

General

Electric

Co.

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

2,005,260‌

9,900‌

PPL

Corp.

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

378,180‌

14,500‌

Public

Service

Enterprise

Group

Inc.

.....

1,173,775‌

16,625‌

The

Southern

Co.

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

1,604,645‌

23,000‌

TXNM

Energy

Inc.

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

1,344,580‌

18,000‌

Xcel

Energy

Inc.

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

1,429,920‌

38,004,473‌

Environmental

Services

—

Non

U.S.

Companies

13,800‌

Veolia

Environnement

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

520,951‌

The

Gabelli

Global

Utility

Income

Trust

Schedule

Investments

(Continued)

—

March

31,

2026

(Unaudited)

Market

Value

ENERGY

AND

UTILITIES

(Continued)

Independent

Power

Producers

and

Energy

Traders

—

Non

U.S.

Companies

10,000‌

Chubu

Electric

Power

Co.

Inc.

...........

162,692‌

152,000‌

Datang

International

Power

Generation

Co.

Ltd.

Cl. H

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

48,656‌

560,000‌

Huaneng

Power

International

Inc.

Cl. H

421,364‌

2,700‌

RWE

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

180,007‌

U.S.

Companies

110,000‌

The

AES

Corp.

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

1,549,900‌

3,600‌

Vistra

Corp.

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

541,188‌

2,903,807‌

Natural

Gas

Integrated

—

Non

U.S.

Companies

80,000‌

Snam

SpA

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

606,035‌

900‌

Energy

Corp.

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

56,340‌

U.S.

Companies

500‌

Midstream

Inc.

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

67,335‌

27,000‌

Kinder

Morgan

Inc.

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

905,310‌

55,400‌

National

Fuel

Gas

Co.

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

5,205,384‌

4,000‌

ONEOK

Inc.

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

361,560‌

7,201,964‌

Natural

Gas

Utilities

—

Non

U.S.

Companies

1,000‌

Engie

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

32,029‌

9,500‌

Engie

ADR

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

311,885‌

20,000‌

Italgas

SpA

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

231,864‌

100,730‌

National

Grid

plc

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

1,692,576‌

1,300‌

National

Grid

plc

ADR

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

109,980‌

U.S.

Companies

5,500‌

Atmos

Energy

Corp.

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

1,015,960‌

1,200‌

Chesapeake

Utilities

Corp.

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

151,644‌

12,500‌

MDU

Resources

Group

Inc.

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

259,000‌

1,000‌

ONE

Gas

Inc.

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

86,130‌

11,000‌

RGC

Resources

Inc.

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

242,550‌

17,200‌

Southwest

Gas

Holdings

Inc.

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

1,494,680‌

2,000‌

Spire

Inc.

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

181,080‌

24,200‌

UGI

Corp.

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

881,364‌

6,690,742‌

Natural

Resources

—

Non

U.S.

Companies

12,500‌

Cameco

Corp.

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

1,357,625‌

100‌

Linde

plc

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

49,576‌

U.S.

Companies

6,800‌

APA

Corp.

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

288,592‌

Market

Value

1,800‌

Diamondback

Energy

Inc.

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

356,022‌

2,051,815‌

Oil

—

Non

U.S.

Companies

13,500‌

plc

ADR

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

634,500‌

10,000‌

Petroleo

Brasileiro

Petrobras

ADR

207,500‌

16,000‌

PrairieSky

Royalty

Ltd.

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

370,354‌

7,200‌

Shell

plc

ADR

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

669,600‌

U.S.

Companies

1,000‌

ConocoPhillips

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

132,000‌

2,013,954‌

Services

—

Non

U.S.

Companies

25,000‌

ABB

Ltd.

ADR

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

2,012,000‌

23,000‌

Enbridge

Inc.

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

1,245,220‌

180‌

South

Bow

Corp.

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

5,998‌

U.S.

Companies

19,200‌

Halliburton

Co.

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

748,608‌

8,000‌

Innovex

International

Inc.

†

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

195,120‌

4,206,946‌

Water

—

Non

U.S.

Companies

2,077‌

Cia

Saneamento

Basico

Estado

Sao

Paulo

SABESP

ADR

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

63,380‌

4,700‌

Consolidated

Water

Co.

Ltd.

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

155,664‌

40,000‌

Fluence

Corp.

Ltd.

†

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

2,484‌

30,000‌

Severn

Trent

plc

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

1,226,977‌

35,000‌

United

Utilities

Group

plc

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

609,187‌

U.S.

Companies

500‌

Artesian

Resources

Corp.

Cl. A

..........

15,925‌

5,000‌

California

Water

Service

Group

..........

226,700‌

6,700‌

Essential

Utilities

Inc.

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

269,809‌

1,500‌

H2O

America

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

88,005‌

1,000‌

Middlesex

Water

Co.

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

52,050‌

2,710,181‌

TOTAL

ENERGY

AND

UTILITIES

.........

75,107,651‌

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

OTHER

—

Aerospace

—

Non

U.S.

Companies

100,000‌

Rolls-Royce

Holdings

plc

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

1,498,315‌

U.S.

Companies

6,700‌

AAR

Corp.

†

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

733,382‌

3,000‌

General

Electric

Co.

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

851,310‌

3,083,007‌

Automotive

—

Non

U.S.

Companies

350‌

Ferrari

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

118,457‌

The

Gabelli

Global

Utility

Income

Trust

Schedule

Investments

(Continued)

—

March

31,

2026

(Unaudited)

Market

Value

OTHER

(Continued)

Automotive

(Continued)

Non

U.S.

Companies

(Continued)

32,000‌

Traton

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

1,139,946‌

1,258,403‌

Broadline

Retail

—

Non

U.S.

Companies

7,500‌

Naspers

Ltd.

Cl. N

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

382,046‌

7,500‌

Prosus

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

337,913‌

719,959‌

Building

and

Construction

—

Non

U.S.

Companies

2,000‌

Amrize

Ltd.

†

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

108,904‌

1,000‌

CRH

plc

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

105,120‌

500‌

Holcim

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

40,595‌

1,400‌

Sika

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

227,439‌

U.S.

Companies

1,200‌

Arcosa

Inc.

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

127,368‌

14,000‌

AZZ

Inc.

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

1,751,820‌

3,125‌

Everus

Construction

Group

Inc.

†

.........

368,938‌

2,000‌

Knife

River

Corp.

†

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

163,300‌

2,893,484‌

Computer

Hardware

—

U.S.

Companies

1,300‌

Dell

Technologies

Inc.

Cl. C

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

213,369‌

4,000‌

Hewlett

Packard

Enterprise

Co.

..........

95,240‌

308,609‌

Computer

Software

and

Services

—

Non

U.S.

Companies

550‌

Check

Point

Software

Technologies

Ltd.

†

78,568‌

U.S.

Companies

150‌

Global

Payments

Inc.

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

10,095‌

2,100‌

Kyndryl

Holdings

Inc.

†

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

27,552‌

100‌

Microsoft

Corp.

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

37,017‌

3,800‌

N-able

Inc.

†

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

17,746‌

120‌

Oracle

Corp.

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

17,653‌

188,631‌

Consumer

Products

—

Non

U.S.

Companies

15,000‌

Essity

Cl. B

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

384,877‌

3,000‌

Salvatore

Ferragamo

SpA

†

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

23,909‌

408,786‌

Consumer

Services

—

U.S.

Companies

23,000‌

Matthews

International

Corp.

Cl. A

.......

593,860‌

Market

Value

Diversified

Industrial

—

Non

U.S.

Companies

1,750‌

Accelleron

Industries

ADR

...........

156,485‌

1,300‌

Velan

Inc.

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

14,812‌

5,500‌

Vestas

Wind

Systems

A/S

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

161,762‌

U.S.

Companies

2,000‌

GATX

Corp.

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

341,480‌

16,000‌

Trinity

Industries

Inc.

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

514,880‌

1,189,419‌

Electronics

—

Non

U.S.

Companies

40,000‌

Kyocera

Corp.

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

599,351‌

9,600‌

Landis+Gyr

Group

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

606,303‌

1,000‌

Signify

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

20,875‌

82,000‌

Sony

Group

Corp.

ADR

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

1,697,400‌

U.S.

Companies

300‌

Badger

Meter

Inc.

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

45,705‌

2,817‌

Kimball

Electronics

Inc.

†

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

66,735‌

1,000‌

Proto

Labs

Inc.

†

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

57,020‌

3,093,389‌

Financial

Services

—

Non

U.S.

Companies

1,125‌

Brookfield

Asset

Management

Ltd.

Cl. A

50,006‌

6,750‌

Brookfield

Corp.

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

273,173‌

51,000‌

Commerzbank

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

1,815,020‌

5,000‌

Janus

Henderson

Group

plc

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

256,850‌

2,500‌

Kinnevik

Cl. A

†

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

15,264‌

100,000‌

Resona

Holdings

Inc.

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

1,085,347‌

19,600‌

Sony

Financial

Group

Inc.

ADR

†

.........

88,396‌

25,000‌

UBS

Group

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

976,750‌

16,500‌

UBS

Group

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

634,123‌

U.S.

Companies

400‌

Bank

America

Corp.

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

19,500‌

14,300‌

The

Bank

New

York

Mellon

Corp.

......

1,696,409‌

300‌

The

Goldman

Sachs

Group

Inc.

..........

253,797‌

7,164,635‌

Food

and

Beverage

—

Non

U.S.

Companies

8,800‌

Canada

Packers

Inc.

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

127,594‌

100‌

Chocoladefabriken

Lindt

Spruengli

1,404,452‌

35,000‌

Davide

Campari-Milano

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

247,988‌

7,000‌

Diageo

plc

ADR

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

521,150‌

5,300‌

Fomento

Economico

Mexicano

SAB

ADR

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

588,618‌

6,000‌

Heineken

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

459,797‌

500‌

Kerry

Group

plc

Cl. A

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

39,530‌

20,000‌

Kikkoman

Corp.

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

180,839‌

44,000‌

Maple

Leaf

Foods

Inc.

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

948,890‌

9,500‌

Nestlé

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

931,703‌

The

Gabelli

Global

Utility

Income

Trust

Schedule

Investments

(Continued)

—

March

31,

2026

(Unaudited)

Market

Value

OTHER

(Continued)

Food

and

Beverage

(Continued)

Non

U.S.

Companies

(Continued)

1,500‌

Pernod

Ricard

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

111,343‌

2,000‌

Remy

Cointreau

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

85,024‌

11,000‌

Yakult

Honsha

Co.

Ltd.

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

184,367‌

U.S.

Companies

10,000‌

McCormick

Co.

Inc.,

Non-Voting

.......

504,400‌

6,335,695‌

Health

Care

—

U.S.

Companies

24,500‌

Pfizer

Inc.

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

687,960‌

Hotels

and

Gaming

—

Non

U.S.

Companies

150,000‌

Genting

Singapore

Ltd.

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

78,751‌

350,000‌

The

Hongkong

Shanghai

Hotels

Ltd.

†

261,121‌

339,872‌

Machinery

—

Non

U.S.

Companies

159,000‌

CNH

Industrial

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

1,749,000‌

U.S.

Companies

32,500‌

Twin

Disc

Inc.

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

489,775‌

2,238,775‌

Metals

and

Mining

—

U.S.

Companies

14,000‌

Freeport-McMoRan

Inc.

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

822,920‌

Semiconductors

—

Non

U.S.

Companies

3,000‌

First

Sensor

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

194,876‌

1,873‌

GLOBALFOUNDRIES

Inc.

†

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

83,311‌

600‌

NXP

Semiconductors

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

118,116‌

U.S.

Companies

1,500‌

Advanced

Micro

Devices

Inc.

†

...........

305,145‌

800‌

Axcelis

Technologies

Inc.

†

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

74,464‌

890‌

Broadcom

Inc.

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

275,464‌

300‌

NVIDIA

Corp.

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

52,320‌

400‌

SolarEdge

Technologies

Inc.

†

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

20,420‌

50‌

Texas

Instruments

Inc.

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

9,707‌

100‌

Universal

Display

Corp.

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

9,166‌

1,142,989‌

Specialty

Chemicals

—

Non

U.S.

Companies

1,800‌

Axalta

Coating

Systems

Ltd.

†

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

49,860‌

500‌

Givaudan

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

1,678,339‌

Market

Value

U.S.

Companies

2,000‌

Rogers

Corp.

†

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

214,660‌

1,942,859‌

TOTAL

OTHER

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

34,413,252‌

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

COMMUNICATION

SERVICES

—

Cable

and

Satellite

—

Non

U.S.

Companies

13,000‌

Cogeco

Inc.

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

647,898‌

170,500‌

Grupo

Televisa

SAB

ADR

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

496,155‌

70,000‌

ITV

plc

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

69,535‌

55,000‌

Liberty

Latin

America

Ltd.

Cl. A

†

........

475,200‌

3,632‌

Liberty

Latin

America

Ltd.

Cl. C

†

........

32,034‌

44,000‌

Rogers

Communications

Inc.

Cl. B

.......

1,691,800‌

U.S.

Companies

200‌

Charter

Communications

Inc.

Cl. A

†

.....

43,176‌

14,500‌

Comcast

Corp.

Cl. A

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

416,295‌

3,000‌

EchoStar

Corp.

Cl. A

†

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

351,210‌

53‌

GCI

Liberty

Inc.

Cl. B

†

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

1,988‌

21‌

GCI

Liberty

Inc.

Cl. C

†

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

781‌

600‌

Liberty

Broadband

Corp.

Cl. B

†

..........

32,667‌

17,000‌

Versant

Media

Group

Inc.

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

629,340‌

4,888,079‌

Entertainment

—

Non

U.S.

Companies

38,000‌

JCDecaux

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

811,684‌

24,000‌

Manchester

United

plc

Cl. A

†

...........

403,680‌

45,000‌

Ollamani

SAB

†

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

183,912‌

U.S.

Companies

18,000‌

Fox

Corp.

Cl. B

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

955,800‌

10,000‌

Warner

Bros

Discovery

Inc.

†

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

274,600‌

2,629,676‌

Telecommunication

Services

—

Non

U.S.

Companies

29,000‌

BCE

Inc.

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

731,960‌

103,000‌

Group

plc

Cl. A

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

286,976‌

17,000‌

Deutsche

Telekom

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

627,800‌

47,200‌

Deutsche

Telekom

ADR

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

1,750,176‌

17,500‌

Eurotelesites

†

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

89,405‌

11,000‌

Itissalat

Al-Maghrib

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

115,701‌

445,000‌

Koninklijke

KPN

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

2,470,439‌

34,000‌

Liberty

Global

Ltd.

Cl. A

†

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

411,060‌

5,000‌

Orange

ADR

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

102,350‌

60,000‌

Pharol

SGPS

†

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

5,146‌

18,000‌

Proximus

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

145,637‌

6,000‌

Sunrise

Communications

Cl. A

.......

355,077‌

1,100‌

Swisscom

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

917,584‌

400,000‌

Telecom

Italia

SpA

†

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

277,034‌

17,000‌

Telefonica

Brasil

ADR

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

270,470‌

230,000‌

Telefonica

Deutschland

Holding

†

.....

563,592‌

The

Gabelli

Global

Utility

Income

Trust

Schedule

Investments

(Continued)

—

March

31,

2026

(Unaudited)

Market

Value

COMMUNICATION

SERVICES

(Continued)

Telecommunication

Services

(Continued)

Non

U.S.

Companies

(Continued)

80,000‌

Telefonica

ADR

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

347,200‌

70,000‌

Telekom

Austria

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

737,086‌

44,500‌

Telesat

Corp.

†

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

1,610,900‌

5,000‌

TELUS

Corp.

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

64,266‌

U.S.

Companies

12,000‌

Anterix

Inc.

†

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

458,280‌

4,000‌

AT&T

Inc.

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

115,960‌

1,000‌

Cisco

Systems

Inc.

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

77,590‌

100‌

Motorola

Solutions

Inc.

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

43,397‌

10,430‌

Shenandoah

Telecommunications

Co.

....

160,830‌

6,700‌

Verizon

Communications

Inc.

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

336,340‌

13,072,256‌

Wireless

Telecommunication

Services

—

Non

U.S.

Companies

3,000‌

America

Movil

SAB

ADR

..........

76,440‌

5,000‌

Infrastrutture

Wireless

Italiane

SpA

.......

39,617‌

24,200‌

Millicom

International

Cellular

........

1,813,548‌

74,500‌

Orange

Belgium

†

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

1,739,438‌

27,000‌

Orascom

Investment

Holding

GDR

†

(a)

...

378‌

5,400‌

Telecom

Co.

Ltd.

ADR

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

158,166‌

28,000‌

Turkcell

Iletisim

Hizmetleri

A/S

ADR

.....

168,840‌

10,000‌

VEON

Ltd.

ADR

†

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

463,000‌

110,000‌

Vodafone

Group

plc

ADR

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

1,652,200‌

U.S.

Companies

9,500‌

Array

Digital

Infrastructure

Inc.

..........

438,330‌

14,000‌

Telephone

and

Data

Systems

Inc.

........

589,400‌

700‌

T-Mobile

Inc.

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

147,021‌

7,286,378‌

TOTAL

COMMUNICATION

SERVICES

.....

27,876,389‌

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

TOTAL

COMMON

STOCKS

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

137,397,292‌

CLOSED-END

FUNDS—

0.0%

10,000‌

Altaba

Inc.,

Escrow

†

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

13,500‌

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

WARRANTS—

0.1%

ENERGY

AND

UTILITIES

—

Natural

Resources

—

U.S.

Companies

1,500‌

Occidental

Petroleum

Corp.

expire

08/03/27

†

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

64,350‌

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

Principal

Amount

Market

Value

U.S.

GOVERNMENT

OBLIGATIONS—

2.9%

4,157,000‌

U.S.

Treasury

Bills,

3.570

3.781

††

04/09/26

06/25/26

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

4,139,730‌

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

TOTAL

INVESTMENTS—

100.0%

(Cost

83,254,073

)

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

141,614,872‌

(a)

Security

valued

using

significant

unobservable

inputs

and

classified

Level

the

fair

value

hierarchy.

†

Non-income

producing

security.

††

Represents

annualized

yields

dates

purchase.

ADR

American

Depositary

Receipt

GDR

Global

Depositary

Receipt

Geographic

Diversification

Total

Investments

Market

Value

North

America

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

.8‌

80,407,448‌

Europe

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

.3‌

50,038,023‌

Japan

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

.8‌

5,351,001‌

Asia/Pacific

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

.9‌

2,704,817‌

Latin

America

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

.8‌

2,615,458‌

South

Africa

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

.3‌

382,046‌

Africa/Middle

East

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

.1‌

116,079‌

Total

Investments

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

100.0‌%

141,614,872‌