NPORT-EX 2 GB19GB033122.htm
1
The
Gabelli
Utility
Trust
Schedule
of
Investments
March
31,
2022
(Unaudited)
Shares
Market
Value
COMMON
STOCKS
 —
90.6%
ENERGY
AND
UTILITIES
 —
74.7%
Alternative
Energy
 —
1.5%
3,100‌
Brookfield
Renewable
Corp.,
Cl. A
......
$
135,780‌
3,300‌
Clearway
Energy
Inc.,
Cl. C
..........
120,483‌
7,000‌
Eos
Energy
Enterprises
Inc.†
.........
29,260‌
1,000‌
Landis+Gyr
Group
AG
..............
63,525‌
39,250‌
NextEra
Energy
Partners
LP
..........
3,271,880‌
12,700‌
Ormat
Technologies
Inc.
............
1,039,241‌
600‌
Orsted
AS
......................
75,775‌
12,000‌
Siemens
Gamesa
Renewable
Energy
SA†
212,068‌
100‌
SolarEdge
Technologies
Inc.†
.........
32,237‌
6,000‌
Vestas
Wind
Systems
A/S
...........
178,240‌
5,158,489‌
Diversified
Industrial
 —
0.9%
2,000‌
Alstom
SA
......................
47,060‌
16,247‌
AZZ
Inc.
........................
783,755‌
14,000‌
Bouygues
SA
....................
489,870‌
8,750‌
General
Electric
Co.
................
800,625‌
300‌
Sulzer
AG
.......................
24,966‌
27,000‌
Vantage
Towers
AG
................
958,488‌
3,104,764‌
Electric
Integrated
 —
43.5%
23,000‌
ALLETE
Inc.
.....................
1,540,540‌
79,100‌
Alliant
Energy
Corp.
...............
4,942,168‌
17,150‌
Ameren
Corp.
....................
1,607,984‌
52,950‌
American
Electric
Power
Co.
Inc.
......
5,282,822‌
1,800‌
Atlantica
Sustainable
Infrastructure
plc
..
63,126‌
66,000‌
Avangrid
Inc.
....................
3,084,840‌
30,000‌
Avista
Corp.
.....................
1,354,500‌
350‌
Badger
Meter
Inc.
.................
34,898‌
32,500‌
Black
Hills
Corp.
..................
2,503,150‌
6,000‌
CenterPoint
Energy
Inc.
.............
183,840‌
82,750‌
CMS
Energy
Corp.
................
5,787,535‌
45,000‌
Dominion
Energy
Inc.
..............
3,823,650‌
16,800‌
DTE
Energy
Co.
..................
2,221,128‌
72,700‌
Duke
Energy
Corp.
................
8,117,682‌
65,000‌
Edison
International
...............
4,556,500‌
6,500‌
Emera
Inc.
......................
322,205‌
4,125‌
Entergy
Corp.
....................
481,594‌
140,900‌
Evergy
Inc.
......................
9,629,106‌
116,200‌
Eversource
Energy
................
10,247,678‌
100,400‌
FirstEnergy
Corp.
.................
4,604,344‌
82,000‌
Hawaiian
Electric
Industries
Inc.
.......
3,469,420‌
4,000‌
IDACORP
Inc.
....................
461,440‌
59,000‌
MGE
Energy
Inc.
..................
4,707,610‌
200,200‌
NextEra
Energy
Inc.
................
16,958,942‌
48,000‌
NiSource
Inc.
....................
1,526,400‌
72,500‌
NorthWestern
Corp.
...............
4,385,525‌
180,000‌
OGE
Energy
Corp.
.................
7,340,400‌
71,000‌
Otter
Tail
Corp.
...................
4,437,500‌
Shares
Market
Value
34,000‌
PG&E
Corp.†
....................
$
405,960‌
1,100‌
Pinnacle
West
Capital
Corp.
..........
85,910‌
130,000‌
PNM
Resources
Inc.
...............
6,197,100‌
54,900‌
Portland
General
Electric
Co.
.........
3,027,735‌
1,400‌
PPL
Corp.
......................
39,984‌
31,700‌
Public
Service
Enterprise
Group
Inc.
....
2,219,000‌
100‌
Roper
Technologies
Inc.
............
47,223‌
800‌
Sempra
Energy
...................
134,496‌
3,300‌
The
Southern
Co.
.................
239,283‌
17,000‌
Unitil
Corp.
......................
847,960‌
126,600‌
WEC
Energy
Group
Inc.
.............
12,635,946‌
150,000‌
Xcel
Energy
Inc.
..................
10,825,500‌
150,382,624‌
Electric
Transmission
and
Distribution
 —
2.6%
35,000‌
Consolidated
Edison
Inc.
............
3,313,800‌
22,366‌
Constellation
Energy
Corp.
...........
1,258,087‌
65,600‌
Exelon
Corp.
.....................
3,124,528‌
80‌
Generac
Holdings
Inc.†
.............
23,781‌
100,000‌
Iberdrola
SA
.....................
1,097,400‌
500‌
The
Timken
Co.
...................
30,350‌
8,847,946‌
Environmental
Services
 —
0.3%
1,400‌
Evoqua
Water
Technologies
Corp.†
.....
65,772‌
800‌
Fluidra
SA
......................
23,275‌
500‌
Pentair
plc
......................
27,105‌
200‌
Tetra
Tech
Inc.
...................
32,988‌
27,712‌
Veolia
Environnement
SA
............
891,795‌
1,040,935‌
Equipment
and
Supplies
 —
0.6%
4,000‌
Capstone
Green
Energy
Corp.†
........
16,480‌
500‌
Danaher
Corp.
...................
146,665‌
30,000‌
Mueller
Industries
Inc.
..............
1,625,100‌
1,100‌
Valmont
Industries
Inc.
.............
262,460‌
2,050,705‌
Global
Utilities
 —
2.2%
8,000‌
Chubu
Electric
Power
Co.
Inc.
........
82,997‌
7,595‌
EDP
-
Energias
de
Portugal
SA
........
37,515‌
115,000‌
Electric
Power
Development
Co.
Ltd.
....
1,651,224‌
33,000‌
Endesa
SA
......................
721,911‌
300,000‌
Enel
SpA
.......................
2,013,818‌
560,000‌
Hera
SpA
.......................
2,072,847‌
15,000‌
Hokkaido
Electric
Power
Co.
Inc.
......
59,635‌
12,000‌
Hokuriku
Electric
Power
Co.
..........
52,341‌
5,000‌
Huaneng
Power
International
Inc.,
ADR
..
84,400‌
35,000‌
Korea
Electric
Power
Corp.,
ADR†
......
325,850‌
20,000‌
Kyushu
Electric
Power
Co.
Inc.
........
134,220‌
10,000‌
Shikoku
Electric
Power
Co.
Inc.
.......
64,728‌
8,000‌
The
Chugoku
Electric
Power
Co.
Inc.
....
55,660‌
25,000‌
The
Kansai
Electric
Power
Co.
Inc.
.....
235,954‌
2
The
Gabelli
Utility
Trust
Schedule
of
Investments
(Continued)
March
31,
2022
(Unaudited)
Shares
Market
Value
COMMON
STOCKS
(Continued)
ENERGY
AND
UTILITIES
(Continued)
Global
Utilities
(Continued)
10,000‌
Tohoku
Electric
Power
Co.
Inc.
........
$
58,485‌
7,651,585‌
Merchant
Energy
 —
1.7%
230,000‌
The
AES
Corp.(a)
.................
5,917,900‌
Natural
Gas
Integrated
 —
6.1%
8,000‌
DT
Midstream
Inc.
................
434,080‌
85,000‌
Energy
Transfer
LP
................
951,150‌
105,000‌
Kinder
Morgan
Inc.
................
1,985,550‌
108,000‌
National
Fuel
Gas
Co.
..............
7,419,600‌
145,000‌
ONEOK
Inc.
.....................
10,241,350‌
21,031,730‌
Natural
Gas
Utilities
 —
6.3%
25,500‌
Atmos
Energy
Corp.
...............
3,046,995‌
9,000‌
Chesapeake
Utilities
Corp.
...........
1,239,840‌
29,000‌
Corning
Natural
Gas
Holding
Corp.
.....
702,525‌
14,000‌
Engie
SA
.......................
184,828‌
69,000‌
National
Grid
plc,
ADR
..............
5,304,030‌
30,000‌
ONE
Gas
Inc.
....................
2,647,200‌
20,000‌
RGC
Resources
Inc.
...............
427,600‌
15,000‌
South
Jersey
Industries
Inc.
..........
518,250‌
95,915‌
Southwest
Gas
Holdings
Inc.
.........
7,509,185‌
5,200‌
Spire
Inc.
.......................
373,152‌
600‌
UGI
Corp.
.......................
21,732‌
21,975,337‌
Natural
Resources
 —
1.2%
54,700‌
Cameco
Corp.
....................
1,591,770‌
30,000‌
Compania
de
Minas
Buenaventura
SAA,
ADR†
........................
302,100‌
21,700‌
Exxon
Mobil
Corp.
................
1,792,203‌
2,200‌
Hess
Corp.
......................
235,488‌
300‌
Linde
plc
.......................
95,829‌
4,017,390‌
Oil
 —
0.4%
4,500‌
Devon
Energy
Corp.
...............
266,085‌
27,000‌
Halliburton
Co.
...................
1,022,490‌
1,288,575‌
Services
 —
1.5%
24,000‌
ABB
Ltd.,
ADR
...................
776,160‌
99,500‌
Enbridge
Inc.
....................
4,585,955‌
5,362,115‌
Water
 —
5.9%
26,000‌
American
States
Water
Co.
...........
2,314,520‌
22,900‌
American
Water
Works
Co.
Inc.
.......
3,790,637‌
24,200‌
Artesian
Resources
Corp.,
Cl. A
.......
1,174,910‌
33,500‌
California
Water
Service
Group
........
1,985,880‌
Shares
Market
Value
27,000‌
Essential
Utilities
Inc.
..............
$
1,380,510‌
7,500‌
Middlesex
Water
Co.
...............
788,775‌
143,000‌
Severn
Trent
plc
..................
5,782,083‌
37,500‌
SJW
Group
.....................
2,609,250‌
9,700‌
The
York
Water
Co.
................
436,209‌
3,600‌
Zurn
Water
Solutions
Corp.
..........
127,440‌
20,390,214‌
TOTAL
ENERGY
AND
UTILITIES
......
258,220,309‌
COMMUNICATIONS
 —
12.4%
Cable
and
Satellite
 —
4.7%
29,000‌
Altice
USA
Inc.,
Cl. A†
..............
361,920‌
3,000‌
Charter
Communications
Inc.,
Cl. A†
....
1,636,560‌
20,000‌
Cogeco
Inc.
.....................
1,233,132‌
62,000‌
DISH
Network
Corp.,
Cl. A†
..........
1,962,300‌
13,500‌
EchoStar
Corp.,
Cl. A†
..............
328,590‌
332,000‌
ITV
plc†
........................
357,279‌
60,000‌
Liberty
Global
plc,
Cl. A†
............
1,530,600‌
120,071‌
Liberty
Global
plc,
Cl. C†
............
3,111,039‌
65,000‌
Liberty
Latin
America
Ltd.,
Cl. A†
......
630,500‌
5,947‌
Liberty
Latin
America
Ltd.,
Cl. C†
......
57,032‌
20,000‌
Rogers
Communications
Inc.,
Cl. B
.....
1,135,000‌
14,000‌
Shaw
Communications
Inc.,
Cl. B
......
434,508‌
102,000‌
Telenet
Group
Holding
NV
...........
3,297,112‌
16,075,572‌
Communications
Equipment
 —
0.0%
8,000‌
Furukawa
Electric
Co.
Ltd.
...........
142,994‌
Telecommunications
 —
5.7%
50,000‌
AT&T
Inc.
.......................
1,181,500‌
10,000‌
BCE
Inc.,
New
York
................
554,600‌
6,047‌
BCE
Inc.,
Toronto
.................
335,205‌
100,000‌
BT
Group
plc,
Cl. A
................
239,347‌
6,500‌
Cogeco
Communications
Inc.
.........
538,031‌
95,000‌
Deutsche
Telekom
AG
..............
1,779,447‌
60,000‌
Deutsche
Telekom
AG,
ADR
..........
1,117,200‌
200‌
Hutchison
Telecommunications
Hong
Kong
Holdings
Ltd.
..................
32‌
135,000‌
Lumen
Technologies
Inc.
............
1,521,450‌
70,000‌
Nippon
Telegraph
&
Telephone
Corp.
....
2,038,360‌
145,000‌
Orange
Belgium
SA
................
3,079,800‌
6,000‌
Orange
SA,
ADR
..................
70,920‌
59,000‌
Orascom
Financial
Holding
SAE†
......
581‌
11,800‌
Orascom
Investment
Holding,
GDR†
....
307‌
30,000‌
Pharol
SGPS
SA†
.................
2,645‌
4,000‌
Proximus
SA
....................
74,561‌
2,000‌
PT
Indosat
Tbk
...................
721‌
130,000‌
Sistema
PJSC
FC,
GDR(b)
...........
65,000‌
1,350‌
Tele2
AB,
Cl. B
...................
20,432‌
220,000‌
Telefonica
Deutschland
Holding
AG
.....
600,893‌
250,000‌
Telefonica
SA,
ADR
................
1,200,000‌
3
The
Gabelli
Utility
Trust
Schedule
of
Investments
(Continued)
March
31,
2022
(Unaudited)
Shares
Market
Value
COMMON
STOCKS
(Continued)
COMMUNICATIONS
(Continued)
Telecommunications
(Continued)
85,000‌
Telekom
Austria
AG
................
$
658,219‌
15,000‌
Telephone
and
Data
Systems
Inc.
......
283,200‌
10,000‌
Telesat
Corp.†
...................
165,000‌
7,000‌
T-Mobile
US
Inc.†
.................
898,450‌
346,972‌
VEON
Ltd.,
ADR†
.................
236,913‌
60,000‌
Verizon
Communications
Inc.
.........
3,056,400‌
19,719,214‌
Wireless
Communications
 —
2.0%
5,000‌
America
Movil
SAB
de
CV,
Cl. L,
ADR
...
105,750‌
12,000‌
Anterix
Inc.†
.....................
694,800‌
60,000‌
Millicom
International
Cellular
SA,
SDR†
.
1,525,143‌
1,154‌
Mobile
TeleSystems
PJSC(b)
.........
347‌
7,250‌
Mobile
TeleSystems
PJSC,
ADR(b)
.....
4,423‌
1,200‌
Operadora
de
Sites
Mexicanos
SA
de
CV,
REIT
.........................
1,529‌
1,214‌
SK
Telecom
Co.
Ltd.,
ADR
...........
31,115‌
400‌
SmarTone
Telecommunications
Holdings
Ltd.
.........................
213‌
60,000‌
Turkcell
Iletisim
Hizmetleri
A/S,
ADR
....
233,400‌
42,000‌
United
States
Cellular
Corp.†
.........
1,269,660‌
180,000‌
Vodafone
Group
plc,
ADR
...........
2,991,600‌
6,857,980‌
TOTAL
COMMUNICATIONS
.........
42,795,760‌
OTHER
 —
3.3%
Agriculture
 —
0.0%
3,500‌
Cadiz
Inc.†
......................
7,245‌
Automotive
 —
0.1%
40,000‌
Iveco
Group
NV†
.................
263,287‌
Diversified
Industrial
 —
0.1%
971‌
Allied
Motion
Technologies
Inc.
.......
28,975‌
500‌
Arcosa
Inc.
......................
28,625‌
290‌
ITT
Inc.
........................
21,811‌
1,220‌
L.B.
Foster
Co.,
Cl. A†
..............
18,751‌
25,000‌
Macquarie
Infrastructure
Holdings
LLC
..
93,250‌
191,412‌
Electronics
 —
0.5%
400‌
Hubbell
Inc.
.....................
73,508‌
2,200‌
Keysight
Technologies
Inc.†
..........
347,534‌
14,000‌
Sony
Group
Corp.,
ADR
.............
1,437,940‌
1,858,982‌
Equipment
and
Supplies
 —
0.0%
3,000‌
CIRCOR
International
Inc.†
..........
79,860‌
Shares
Market
Value
Financial
Services
 —
0.3%
50,000‌
GAM
Holding
AG†
.................
$
61,848‌
19,000‌
Kinnevik
AB,
Cl. A†
................
513,273‌
16,000‌
Kinnevik
AB,
Cl. B†
................
421,169‌
15,000‌
SDCL
EDGE
Acquisition
Corp.†
........
151,425‌
1,147,715‌
Machinery
 —
1.3%
200,000‌
CNH
Industrial
NV
.................
3,172,000‌
1,975‌
Flowserve
Corp.
..................
70,902‌
300‌
Medmix
AG†
....................
10,493‌
5,860‌
Mueller
Water
Products
Inc.,
Cl. A
.....
75,711‌
50,000‌
Welbilt
Inc.†
.....................
1,187,500‌
1,457‌
Xylem
Inc.
......................
124,224‌
4,640,830‌
Specialty
Chemicals
 —
0.1%
200‌
Air
Products
and
Chemicals
Inc.
.......
49,982‌
20,000‌
Ferro
Corp.†
.....................
434,800‌
484,782‌
Transportation
 —
0.9%
24,000‌
GATX
Corp.
.....................
2,959,920‌
TOTAL
OTHER
.................
11,634,033‌
INDEPENDENT
POWER
PRODUCERS
AND
ENERGY
TRADERS
 —
0.2%
Electric
Integrated
 —
0.2%
20,000‌
NRG
Energy
Inc.
..................
767,200‌
TOTAL
COMMON
STOCKS
.........
313,417,302‌
MANDATORY
CONVERTIBLE
SECURITIES(c)
 —
0.7%
ENERGY
AND
UTILITIES
 —
0.7%
Natural
Gas
Utilities
 —
0.7%
4,203‌
Corning
Natural
Gas
Holding
Corp.,
Ser.
B,
4.800%,
09/30/26
...............
119,785‌
42,000‌
Spire
Inc.,
Ser.
A,
7.500%,
03/01/24
...............
2,209,200‌
TOTAL
MANDATORY
CONVERTIBLE
SECURITIES
................
2,328,985‌
WARRANTS
 —
0.0%
ENERGY
AND
UTILITIES
 —
0.0%
Services
 —
0.0%
1,425‌
Weatherford
International
plc,
expire
12/13/23†
.....................
855‌
4
The
Gabelli
Utility
Trust
Schedule
of
Investments
(Continued)
March
31,
2022
(Unaudited)
Principal
Amount
Market
Value
U.S.
GOVERNMENT
OBLIGATIONS
 —
8.7%
$
30,025,000‌
U.S.
Treasury
Bills,
0.055%
to
0.500%††,
04/14/22
to
06/30/22
......................
$
30,012,732‌
TOTAL
INVESTMENTS
100.0%
....
(Cost
$273,434,953)
.............
$
345,759,874‌
(a)
At
March
31,
2022,
$3,216,250
of
the
principal
amount
was
pledged
as
collateral
for
current
or
potential
holdings.
(b)
Security
is
valued
using
significant
unobservable
inputs
and
is
classified
as
Level
3
in
the
fair
value
hierarchy.
(c)
Mandatory
convertible
securities
are
required
to
be
converted
on
the
dates
listed;
they
generally
may
be
converted
prior
to
these
dates
at
the
option
of
the
holder.
Non-income
producing
security.
††
Represents
annualized
yields
at
dates
of
purchase.
ADR
American
Depositary
Receipt
GDR
Global
Depositary
Receipt
REIT
Real
Estate
Investment
Trust
SDR
Swedish
Depositary
Receipt