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        <name>Rolls-Royce Holdings PLC</name>
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        <name>JARDINE MATHESON HOLDINGS LTD</name>
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        <name>Portland General Electric Company</name>
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        <name>Enbridge Inc.</name>
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        <name>AXALTA COATING SYSTEMS LTD</name>
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        <name>Oracle Corp.</name>
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        <name>ConocoPhillips</name>
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        <name>Prosus NV</name>
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        <name>A2A S.p.A.</name>
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        <name>United States Treasury Bills</name>
        <lei>254900HROIFWPRGM1V77</lei>
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        <name>Brookfield Corp.</name>
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        <name>GCI LIBERTY INC</name>
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        <name>E.ON SE</name>
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        <name>Charter Communications, Inc.</name>
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        <name>Consolidated Edison, Inc.</name>
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        <title>Consolidated Edison, Inc. COM</title>
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        <name>Pfizer Inc.</name>
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        <name>Eni SpA</name>
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        <name>McCormick &amp; Company, Incorporated</name>
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        <name>Advanced Micro Devices Inc.</name>
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        <title>Advanced Micro Devices Inc. COM</title>
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      <invstOrSec>
        <name>TELESAT CORP</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Telefonica Brasil S.A</name>
        <lei>529900MTGG2HSDBIWG79</lei>
        <title>Telefonica Brasil S.A SPONSORED ADS</title>
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          <ticker value="VIV"/>
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      <invstOrSec>
        <name>Gulf Coast Ultra Deep Royalty</name>
        <lei>549300LVVWU3NPP3DF95</lei>
        <title>Gulf Coast Ultra Deep Royalty Trust</title>
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          <isin value="US40222T1043"/>
          <ticker value="GULTU"/>
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      <invstOrSec>
        <name>Arcosa Inc</name>
        <lei>549300WFHLTCZV7D6V29</lei>
        <title>Arcosa Inc COM</title>
        <cusip>039653100</cusip>
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          <isin value="US0396531008"/>
          <ticker value="ACA"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Rogers Communications Inc.</name>
        <lei>5493000M6Z4XFIP6PF03</lei>
        <title>Rogers Communications Inc. CL B</title>
        <cusip>775109200</cusip>
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          <isin value="CA7751092007"/>
          <ticker value="RCI"/>
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        <curCd>USD</curCd>
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        <invCountry>CA</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Eversource Energy</name>
        <lei>SJ7XXD41SQU3ZNWUJ746</lei>
        <title>Eversource Energy COM</title>
        <cusip>30040W108</cusip>
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          <isin value="US30040W1080"/>
          <ticker value="ES"/>
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        <curCd>USD</curCd>
        <valUSD>1156976.00000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Huaneng Power International Inc.</name>
        <lei>529900WU0SMVKMPG4V21</lei>
        <title>Huaneng Power International Inc. 'H'SHS CNY1</title>
        <cusip>000000000</cusip>
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          <isin value="CNE1000006Z4"/>
          <ticker value="902"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>CN</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Xcel Energy Inc</name>
        <lei>LGJNMI9GH8XIDG5RCM61</lei>
        <title>Xcel Energy Inc COM</title>
        <cusip>98389B100</cusip>
        <identifiers>
          <isin value="US98389B1008"/>
          <ticker value="XEL"/>
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        <balance>18000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1429920.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Sunrise Communications AG</name>
        <lei>213800RS9HRGTWOGCO08</lei>
        <title>Sunrise Communications AG CHF0.1 A</title>
        <cusip>000000000</cusip>
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          <isin value="CH1386220409"/>
          <ticker value="SUNN"/>
          <other otherDesc="SEDOL" value="BM9WB18"/>
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        <balance>6000.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Amrize Ltd.</name>
        <lei>529900SLCCO6K43P8146</lei>
        <title>Amrize Ltd. USD0.01</title>
        <cusip>000000000</cusip>
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          <isin value="CH1430134226"/>
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          <other otherDesc="SEDOL" value="BVBMCR2"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Shikoku Electric Power Co Inc.</name>
        <lei>353800KWK6U7ZCIWXS64</lei>
        <title>Shikoku Electric Power Co Inc. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3350800003"/>
          <ticker value="9507"/>
          <other otherDesc="SEDOL" value="6804347"/>
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        <pctVal>0.112756507845</pctVal>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Hokkaido Electric Power Co Inc</name>
        <lei>353800XDXIIZDHUO0J51</lei>
        <title>Hokkaido Electric Power Co Inc NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3850200001"/>
          <ticker value="9509"/>
          <other otherDesc="SEDOL" value="6431325"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UNIVERSAL DISPLAY CORP</name>
        <lei>N/A</lei>
        <title>Universal Display Corp. COM</title>
        <cusip>91347P105</cusip>
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          <isin value="US91347P1057"/>
          <ticker value="OLED"/>
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        <curCd>USD</curCd>
        <valUSD>9166.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PPL Corporation</name>
        <lei>9N3UAJSNOUXFKQLF3V18</lei>
        <title>PPL Corporation COM</title>
        <cusip>69351T106</cusip>
        <identifiers>
          <isin value="US69351T1060"/>
          <ticker value="PPL"/>
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        <balance>9900.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>378180.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Pinnacle West Capital Corp.</name>
        <lei>TWSEY0NEDUDCKS27AH81</lei>
        <title>Pinnacle West Capital Corp. COM</title>
        <cusip>723484101</cusip>
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          <isin value="US7234841010"/>
          <ticker value="PNW"/>
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        <balance>13800.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1390350.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GCI Liberty Inc</name>
        <lei>N/A</lei>
        <title>GCI Liberty Inc</title>
        <cusip>36164V701</cusip>
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          <isin value="US36164V7010"/>
          <ticker value="GLIBB"/>
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        <balance>53.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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        <name>Petroleo Brasileiro SA</name>
        <lei>5493000J801JZRCMFE49</lei>
        <title>Petroleo Brasileiro SA SPONSORED ADR</title>
        <cusip>71654V408</cusip>
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          <isin value="US71654V4086"/>
          <ticker value="PBR"/>
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        <balance>10000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>207500.00000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>BR</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Accelleron Industries AG.</name>
        <lei>254900KS0MD2PAARXD14</lei>
        <title>Accelleron Industries AG. UNSPONSORED ADR</title>
        <cusip>00449R109</cusip>
        <identifiers>
          <isin value="US00449R1095"/>
          <ticker value="ACLLY"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>CH</invCountry>
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      <invstOrSec>
        <name>Oneok Inc.</name>
        <lei>2T3D6M0JSY48PSZI1Q41</lei>
        <title>Oneok Inc. COM</title>
        <cusip>682680103</cusip>
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          <ticker value="OKE"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Global Payments Inc</name>
        <lei>549300NOMHGVQBX6S778</lei>
        <title>Global Payments Inc COM</title>
        <cusip>37940X102</cusip>
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          <isin value="US37940X1028"/>
          <ticker value="GPN"/>
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        <curCd>USD</curCd>
        <valUSD>10095.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Sony Financial Group Inc.</name>
        <lei>353800O7BDSU41WOZA60</lei>
        <title>Sony Financial Group Inc. UNSPONSERED ADS</title>
        <cusip>83571B100</cusip>
        <identifiers>
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          <ticker value="SFGYY"/>
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        <curCd>USD</curCd>
        <valUSD>88396.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Freeport-McMoRan Inc.</name>
        <lei>549300IRDTHJQ1PVET45</lei>
        <title>Freeport-McMoRan Inc. CL B</title>
        <cusip>35671D857</cusip>
        <identifiers>
          <isin value="US35671D8570"/>
          <ticker value="FCX"/>
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        <balance>14000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>822920.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
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        <name>United States Treasury Bills</name>
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        <name>Halliburton Company</name>
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        <name>Companhia de Saneamento Basico do Estado de Sao Paulo - SABESP</name>
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        <name>United States Treasury Bills</name>
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        <name>ABB Ltd.</name>
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        <name>Cisco Systems, Inc.</name>
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        <name>Kansai Electric Power Co Inc</name>
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        <name>UBS Group AG</name>
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        <name>Endesa SA - Empresa Nacional Electricidad</name>
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        <name>Enel S.p.A.</name>
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        <name>Unitil Corp</name>
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        <name>Vistra Corp</name>
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        <name>Fortis Inc</name>
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        <name>Traton SE</name>
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        <name>Ormat Technologies Inc.</name>
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        <name>Shenandoah Telecommunications Co.</name>
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        <name>Resona Holdings Inc.</name>
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        <name>Texas Instruments Inc.</name>
        <lei>WDJNR2L6D8RWOEB8T652</lei>
        <title>Texas Instruments Inc. COM</title>
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      <invstOrSec>
        <name>Engie SA</name>
        <lei>LAXUQCHT4FH58LRZDY46</lei>
        <title>Engie SA</title>
        <cusip>29286D105</cusip>
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          <isin value="US29286D1054"/>
          <ticker value="ENGIY"/>
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        <curCd>USD</curCd>
        <valUSD>311885.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Diageo PLC</name>
        <lei>213800ZVIELEA55JMJ32</lei>
        <title>Diageo PLC SPON ADR NEW</title>
        <cusip>25243Q205</cusip>
        <identifiers>
          <isin value="US25243Q2057"/>
          <ticker value="DEO"/>
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        <balance>7000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>521150.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Anterix Inc.</name>
        <lei>549300QIX2QHFGIEQG40</lei>
        <title>Anterix Inc. COM</title>
        <cusip>03676C100</cusip>
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          <isin value="US03676C1009"/>
          <ticker value="ATEX"/>
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        <balance>12000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>458280.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Sony Group Corp.</name>
        <lei>529900R5WX9N2OI2N910</lei>
        <title>Sony Group Corp. SPONSORED ADR</title>
        <cusip>835699307</cusip>
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          <isin value="US8356993076"/>
          <ticker value="SONY"/>
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        <balance>82000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1697400.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>NiSource Inc.</name>
        <lei>549300D8GOWWH0SJB189</lei>
        <title>NiSource Inc. COM</title>
        <cusip>65473P105</cusip>
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          <isin value="US65473P1057"/>
          <ticker value="NI"/>
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        <balance>35500.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1656430.00000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>LIBERTY GLOBAL LTD</name>
        <lei>213800HRMKKTYH7SKA24</lei>
        <title>Liberty Global Ltd. COM CL A</title>
        <cusip>000000000</cusip>
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          <isin value="BMG611881019"/>
          <ticker value="LBTYA"/>
          <other otherDesc="SEDOL" value="BS71B31"/>
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        <balance>34000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>411060.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Fomento Economico Mexicano S A B de C V</name>
        <lei>549300A8MDWDJNMLV153</lei>
        <title>Fomento Economico Mexicano S A B de C V SPON ADR UNITS</title>
        <cusip>344419106</cusip>
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          <isin value="US3444191064"/>
          <ticker value="FMX"/>
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        <balance>5300.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>588618.00000000</valUSD>
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        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Telekom Austria AG</name>
        <lei>529900KCNFQU5OJH7L33</lei>
        <title>Telekom Austria AG NPV(BR)</title>
        <cusip>000000000</cusip>
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          <isin value="AT0000720008"/>
          <ticker value="TKA"/>
          <other otherDesc="SEDOL" value="4635088"/>
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        <balance>70000.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>AT</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Bouygues SA</name>
        <lei>969500MOCLNQFNZN0D63</lei>
        <title>Bouygues SA EUR1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="FR0000120503"/>
          <ticker value="EN"/>
          <other otherDesc="SEDOL" value="4002121"/>
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        <balance>21800.00000000</balance>
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        <pctVal>1.062141490945</pctVal>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Salvatore Ferragamo S.p.A.</name>
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        <title>Salvatore Ferragamo S.p.A. EUR0.10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IT0004712375"/>
          <ticker value="SFER"/>
          <other otherDesc="SEDOL" value="B5VZ053"/>
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        <balance>3000.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.86516416"/>
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        <pctVal>0.020397014328</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Manchester United PLC</name>
        <lei>529900GWGZPE83MJOV59</lei>
        <title>Manchester United PLC COM USD0.0005 CL 'A'</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG5784H1065"/>
          <ticker value="MANU"/>
          <other otherDesc="SEDOL" value="B8Q8MV8"/>
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        <balance>24000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>403680.00000000</valUSD>
        <pctVal>0.344387025678</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Ameren Corp.</name>
        <lei>XRZQ5S7HYJFPHJ78L959</lei>
        <title>Ameren Corp. COM</title>
        <cusip>023608102</cusip>
        <identifiers>
          <isin value="US0236081024"/>
          <ticker value="AEE"/>
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        <balance>16700.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1835664.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ITV PLC</name>
        <lei>ZLECI7ED2QMWFGYCXZ59</lei>
        <title>ITV PLC ORD GBP0.10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB0033986497"/>
          <ticker value="ITV"/>
          <other otherDesc="SEDOL" value="3398649"/>
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        <balance>70000.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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      <invstOrSec>
        <name>NXP Semiconductors NV</name>
        <lei>724500M9BY5293JDF951</lei>
        <title>NXP Semiconductors NV EUR0.20</title>
        <cusip>000000000</cusip>
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          <isin value="NL0009538784"/>
          <ticker value="NXPI"/>
          <other otherDesc="SEDOL" value="B505PN7"/>
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        <balance>600.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>118116.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
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      <invstOrSec>
        <name>Canada Packers Inc</name>
        <lei>894500HMD2RU8EFIQ237</lei>
        <title>Canada Packers Inc COM</title>
        <cusip>135180107</cusip>
        <identifiers>
          <isin value="CA1351801073"/>
          <ticker value="CPKR"/>
          <other otherDesc="SEDOL" value="BW5YZZ0"/>
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        <balance>8800.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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      <invstOrSec>
        <name>Grupo Televisa S.A.B.</name>
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        <title>Grupo Televisa S.A.B. SPON ADR REP ORD</title>
        <cusip>40049J206</cusip>
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          <isin value="US40049J2069"/>
          <ticker value="TV"/>
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        <curCd>USD</curCd>
        <valUSD>496155.00000000</valUSD>
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        <invCountry>MX</invCountry>
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      <invstOrSec>
        <name>Liberty Latin America Ltd</name>
        <lei>213800YWQHEAX7CAVO83</lei>
        <title>Liberty Latin America Ltd COM USD0.01 CL C</title>
        <cusip>000000000</cusip>
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          <ticker value="LILAK"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

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      <invstOrSec>
        <name>Turkcell Iletisim Hizmetleri AS</name>
        <lei>7890003EX1LTLS2FFL84</lei>
        <title>Turkcell Iletisim Hizmetleri AS SPON ADR NEW</title>
        <cusip>900111204</cusip>
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          <ticker value="TKC"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TR</invCountry>
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      <invstOrSec>
        <name>Public Service Enterprise Group Incorporated</name>
        <lei>PUSS41EMO3E6XXNV3U28</lei>
        <title>Public Service Enterprise Group Incorporated COM</title>
        <cusip>744573106</cusip>
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          <isin value="US7445731067"/>
          <ticker value="PEG"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Vodafone Group PLC</name>
        <lei>213800TB53ELEUKM7Q61</lei>
        <title>Vodafone Group PLC SPONSORED ADR</title>
        <cusip>92857W308</cusip>
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          <ticker value="VOD"/>
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        <valUSD>1652200.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Cameco Corporation</name>
        <lei>N4BHALMXL3GMZKCUON55</lei>
        <title>Cameco Corporation COM</title>
        <cusip>13321L108</cusip>
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          <isin value="CA13321L1085"/>
          <ticker value="CCJ"/>
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        <balance>12500.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1357625.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>The Bank of New York Mellon Corp.</name>
        <lei>WFLLPEPC7FZXENRZV188</lei>
        <title>The Bank of New York Mellon Corp. COM</title>
        <cusip>064058100</cusip>
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          <isin value="US0640581007"/>
          <ticker value="BK"/>
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        <balance>14300.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1696409.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>HK&amp;S HOTELS</name>
        <lei>5299001258RHH99P1A15</lei>
        <title>Hongkong &amp; Shanghai Hotels Ltd/The</title>
        <cusip>000000000</cusip>
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          <isin value="HK0045000319"/>
          <ticker value="45"/>
          <other otherDesc="SEDOL" value="6436386"/>
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        <balance>350000.00000000</balance>
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      <invstOrSec>
        <name>Chesapeake Utilities Corporation</name>
        <lei>254900WW0FDCKAOCKE74</lei>
        <title>Chesapeake Utilities Corporation COM</title>
        <cusip>165303108</cusip>
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          <isin value="US1653031088"/>
          <ticker value="CPK"/>
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      <invstOrSec>
        <name>Deutsche Telekom AG</name>
        <lei>549300V9QSIG4WX4GJ96</lei>
        <title>Deutsche Telekom AG SPONSORED ADS</title>
        <cusip>251566105</cusip>
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          <isin value="US2515661054"/>
          <ticker value="DTEGY"/>
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        <curCd>USD</curCd>
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        <invCountry>DE</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Check Point Software Technologies Ltd.</name>
        <lei>2549003ZVBH73EPNS513</lei>
        <title>Check Point Software Technologies Ltd. ORD ILS0.01</title>
        <cusip>000000000</cusip>
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          <isin value="IL0010824113"/>
          <ticker value="CHKP"/>
          <other otherDesc="SEDOL" value="2181334"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>IL</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Motorola Solutions Inc</name>
        <lei>6S552MUG6KGJVEBSEC55</lei>
        <title>Motorola Solutions Inc COM NEW</title>
        <cusip>620076307</cusip>
        <identifiers>
          <isin value="US6200763075"/>
          <ticker value="MSI"/>
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        <balance>100.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>43397.00000000</valUSD>
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        <assetCat>EC</assetCat>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Tohoku Electric Power Co Inc</name>
        <lei>353800KTF7EYIIYHY088</lei>
        <title>Tohoku Electric Power Co Inc NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3605400005"/>
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        <invCountry>JP</invCountry>
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      <invstOrSec>
        <name>Badger Meter Inc</name>
        <lei>5493002JENE20OGTUG20</lei>
        <title>Badger Meter Inc COM</title>
        <cusip>056525108</cusip>
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          <isin value="US0565251081"/>
          <ticker value="BMI"/>
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        <balance>300.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>45705.00000000</valUSD>
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        <assetCat>EC</assetCat>
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      <invstOrSec>
        <name>Kikkoman Corp</name>
        <lei>529900T9K5UH9HXOND47</lei>
        <title>Kikkoman Corp NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3240400006"/>
          <ticker value="2801"/>
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      <invstOrSec>
        <name>MDU RESOURCES GROUP INC</name>
        <lei>549300MA0UV6AI6SNV27</lei>
        <title>MDU Resources Group, Inc. COM</title>
        <cusip>552690109</cusip>
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          <isin value="US5526901096"/>
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        <balance>12500.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>259000.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NorthWestern Energy Group Inc</name>
        <lei>254900N1WG46G1VMDM34</lei>
        <title>NorthWestern Energy Group Inc COM NEW</title>
        <cusip>668074305</cusip>
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          <isin value="US6680743050"/>
          <ticker value="NWE"/>
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        <balance>11000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>725340.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Duke Energy Corp</name>
        <lei>I1BZKREC126H0VB1BL91</lei>
        <title>Duke Energy Corp COM NEW</title>
        <cusip>26441C204</cusip>
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          <isin value="US26441C2044"/>
          <ticker value="DUK"/>
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        <balance>8950.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1171913.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Algonquin Power &amp; Utilities Corporation</name>
        <lei>549300K5VIUTJXQL7X75</lei>
        <title>Algonquin Power &amp; Utilities Corporation COM</title>
        <cusip>015857105</cusip>
        <identifiers>
          <isin value="CA0158571053"/>
          <ticker value="AQN"/>
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        <balance>154000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>945560.00000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>CA</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>American Electric Power Co, Inc.</name>
        <lei>1B4S6S7G0TW5EE83BO58</lei>
        <title>American Electric Power Co, Inc. COM</title>
        <cusip>025537101</cusip>
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          <ticker value="AEP"/>
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        <balance>19400.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2542952.00000000</valUSD>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Goldman Sachs Group, Inc.</name>
        <lei>784F5XWPLTWKTBV3E584</lei>
        <title>Goldman Sachs Group, Inc. COM</title>
        <cusip>38141G104</cusip>
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          <isin value="US38141G1040"/>
          <ticker value="GS"/>
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        <balance>300.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>253797.00000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Infrastrutture Wireless Italiane SpA</name>
        <lei>81560066183FE361C071</lei>
        <title>Infrastrutture Wireless Italiane SpA NPV</title>
        <cusip>000000000</cusip>
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          <isin value="IT0005090300"/>
          <ticker value="INW"/>
          <other otherDesc="SEDOL" value="BZ0P4R4"/>
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        <balance>5000.00000000</balance>
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        <invCountry>IT</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Naspers Limited</name>
        <lei>21380044BQ8812EEKT59</lei>
        <title>Naspers Limited NPV(POST SPLT)</title>
        <cusip>000000000</cusip>
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          <isin value="ZAE000351946"/>
          <ticker value="NPN"/>
          <other otherDesc="SEDOL" value="BV2FFX7"/>
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        <balance>7500.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>CRH PLC</name>
        <lei>549300MIDJNNTH068E74</lei>
        <title>CRH PLC ORD EUR 0.32</title>
        <cusip>000000000</cusip>
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          <isin value="IE0001827041"/>
          <ticker value="CRH"/>
          <other otherDesc="SEDOL" value="B01ZKD6"/>
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        <balance>1000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>105120.00000000</valUSD>
        <pctVal>0.089679855676</pctVal>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Engie SA</name>
        <lei>LAXUQCHT4FH58LRZDY46</lei>
        <title>Engie SA EUR1</title>
        <cusip>000000000</cusip>
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          <isin value="FR0010208488"/>
          <ticker value="ENGI"/>
          <other otherDesc="SEDOL" value="B0C2CQ3"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Bank of America Corp.</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>Bank of America Corp. COM</title>
        <cusip>060505104</cusip>
        <identifiers>
          <isin value="US0605051046"/>
          <ticker value="BAC"/>
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        <balance>400.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>19500.00000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Maple Leaf Foods Inc.</name>
        <lei>549300LX07S5J8F76F37</lei>
        <title>Maple Leaf Foods Inc. COM NPV</title>
        <cusip>564905107</cusip>
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          <isin value="CA5649051078"/>
          <ticker value="MFI"/>
          <other otherDesc="SEDOL" value="2555865"/>
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        <balance>44000.00000000</balance>
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        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>BROOKFIELD RENEWABLE CORP</name>
        <lei>894500N9AWD5I1YNP231</lei>
        <title>Brookfield Renewable Corporation CL A EX SUB VTG</title>
        <cusip>11285B108</cusip>
        <identifiers>
          <isin value="CA11285B1085"/>
          <ticker value="BEPC"/>
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        <balance>750.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>29872.50000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

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      <invstOrSec>
        <name>Eni SpA</name>
        <lei>BUCRF72VH5RBN7X3VL35</lei>
        <title>Eni SpA NPV</title>
        <cusip>000000000</cusip>
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          <isin value="IT0003132476"/>
          <ticker value="ENI"/>
          <other otherDesc="SEDOL" value="7145056"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Entergy Corporation</name>
        <lei>4XM3TW50JULSLG8BNC79</lei>
        <title>Entergy Corporation COM</title>
        <cusip>29364G103</cusip>
        <identifiers>
          <isin value="US29364G1031"/>
          <ticker value="ETR"/>
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        <balance>500.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>56180.00000000</valUSD>
        <pctVal>0.047928218149</pctVal>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BP PLC</name>
        <lei>213800LH1BZH3DI6G760</lei>
        <title>BP PLC SPONSORED ADR</title>
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          <isin value="US0556221044"/>
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      <invstOrSec>
        <name>Everus Construction Group Inc.</name>
        <lei>2549006JMMHR0KILT425</lei>
        <title>Everus Construction Group Inc. COM</title>
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      <invstOrSec>
        <name>Fortis Inc</name>
        <lei>549300MQYQ9Y065XPR71</lei>
        <title>Fortis Inc COM</title>
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        <assetCat>EC</assetCat>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Iberdrola, S.A.</name>
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      <invstOrSec>
        <name>Liberty Latin America Ltd</name>
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        <assetCat>EC</assetCat>
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        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
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      <invstOrSec>
        <name>Orange SA</name>
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        <assetCat>EC</assetCat>
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      <invstOrSec>
        <name>Kinnevik AB</name>
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        <title>Kinnevik AB</title>
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          <isin value="SE0022060513"/>
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        <payoffProfile>Long</payoffProfile>
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        <invCountry>SE</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>APA Corp.</name>
        <lei>549300VCIWLRHYVSHC79</lei>
        <title>APA Corp. COM</title>
        <cusip>03743Q108</cusip>
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          <isin value="US03743Q1085"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Array Digital Infrastructure Inc.</name>
        <lei>549300B164AZXESI6E03</lei>
        <title>Array Digital Infrastructure Inc. COM</title>
        <cusip>911684108</cusip>
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          <isin value="US9116841084"/>
          <ticker value="AD"/>
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        <balance>9500.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>438330.00000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>EDP SA</name>
        <lei>529900CLC3WDMGI9VH80</lei>
        <title>EDP SA</title>
        <cusip>268353109</cusip>
        <identifiers>
          <isin value="US2683531097"/>
          <ticker value="EDPFY"/>
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        <balance>9000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>474030.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Fox Corporation</name>
        <lei>549300DDU6FDRBIELS05</lei>
        <title>Fox Corporation CL B COM</title>
        <cusip>35137L204</cusip>
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          <isin value="US35137L2043"/>
          <ticker value="FOX"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Acciona SA</name>
        <lei>54930002KP75TLLLNO21</lei>
        <title>Acciona SA EUR1</title>
        <cusip>000000000</cusip>
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          <isin value="ES0125220311"/>
          <ticker value="ANA"/>
          <other otherDesc="SEDOL" value="5579107"/>
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        <assetCat>EC</assetCat>
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        <invCountry>ES</invCountry>
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      <invstOrSec>
        <name>Warner Bros. Discovery Inc.</name>
        <lei>5493006ZCRFWKF6B1K26</lei>
        <title>Warner Bros. Discovery Inc. COM SER A</title>
        <cusip>934423104</cusip>
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          <isin value="US9344231041"/>
          <ticker value="WBD"/>
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        <balance>10000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>274600.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Chocoladefabriken Lindt &amp; Spruengli AG</name>
        <lei>529900JYJNNOKKAGK736</lei>
        <title>Chocoladefabriken Lindt &amp; Spruengli AG CHF10 (PTG CERT)</title>
        <cusip>000000000</cusip>
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          <isin value="CH0010570767"/>
          <ticker value="LISP"/>
          <other otherDesc="SEDOL" value="5962280"/>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Alliant Energy Corporation</name>
        <lei>5493009ML300G373MZ12</lei>
        <title>Alliant Energy Corporation COM</title>
        <cusip>018802108</cusip>
        <identifiers>
          <isin value="US0188021085"/>
          <ticker value="LNT"/>
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        <balance>600.00000000</balance>
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        <valUSD>43056.00000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Evergy Inc</name>
        <lei>549300PGTHDQY6PSUI61</lei>
        <title>Evergy Inc COM</title>
        <cusip>30034W106</cusip>
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          <isin value="US30034W1062"/>
          <ticker value="EVRG"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <name>N-ABLE INC</name>
        <lei>N/A</lei>
        <title>N-Able Inc. COMMON STOCK</title>
        <cusip>62878D100</cusip>
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          <isin value="US62878D1000"/>
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        <assetCat>EC</assetCat>
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      <invstOrSec>
        <name>AT&amp;T Inc</name>
        <lei>549300Z40J86GGSTL398</lei>
        <title>AT&amp;T Inc COM</title>
        <cusip>00206R102</cusip>
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          <isin value="US00206R1023"/>
          <ticker value="T"/>
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      <invstOrSec>
        <name>Innovex International Inc.</name>
        <lei>5299007REICYIJNMW197</lei>
        <title>Innovex International Inc. COM</title>
        <cusip>457651107</cusip>
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          <isin value="US4576511079"/>
          <ticker value="INVX"/>
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        <name>Globalfoundries Inc</name>
        <lei>549300BA76VK784VMX48</lei>
        <title>Globalfoundries Inc ORDINARY SHARES</title>
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        <assetCat>EC</assetCat>
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        <invCountry>KY</invCountry>

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      <invstOrSec>
        <name>California Water Service Group</name>
        <lei>529900QABDOBU6UVRQ36</lei>
        <title>California Water Service Group COM</title>
        <cusip>130788102</cusip>
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          <ticker value="CWT"/>
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        <name>AES Corp.</name>
        <lei>2NUNNB7D43COUIRE5295</lei>
        <title>AES Corp. COM</title>
        <cusip>00130H105</cusip>
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        <invCountry>US</invCountry>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>United States Treasury Bills</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>B 0 06/25/26</title>
        <cusip>912797TE7</cusip>
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          <isin value="US912797TE71"/>
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        <balance>240000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>237969.44000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-06-25</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Janus Henderson Group PLC</name>
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        <invCountry>JE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
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      <invstOrSec>
        <name>United States Treasury Bills</name>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Spire Inc</name>
        <lei>549300NXSY15DRY2R511</lei>
        <title>Spire Inc COM</title>
        <cusip>84857L101</cusip>
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          <isin value="US84857L1017"/>
          <ticker value="SR"/>
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        <curCd>USD</curCd>
        <valUSD>181080.00000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Kyndryl Holdings Inc</name>
        <lei>549300LQ4LWX2R8ZV130</lei>
        <title>Kyndryl Holdings Inc COMMON STOCK</title>
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          <isin value="US50155Q1004"/>
          <ticker value="KD"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Pernod Ricard SA</name>
        <lei>52990097YFPX9J0H5D87</lei>
        <title>Pernod Ricard SA EUR1.55</title>
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          <isin value="FR0000120693"/>
          <ticker value="RI"/>
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        <invCountry>FR</invCountry>
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      <invstOrSec>
        <name>Rogers Corp</name>
        <lei>PW0CN80KNFR7RUOOKJ84</lei>
        <title>Rogers Corp COM</title>
        <cusip>775133101</cusip>
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          <isin value="US7751331015"/>
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        <balance>2000.00000000</balance>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Matthews International Corp</name>
        <lei>549300ZVC5O0ATML6U61</lei>
        <title>Matthews International Corp CL A</title>
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          <isin value="US5771281012"/>
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        <balance>23000.00000000</balance>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Yakult Honsha Co Ltd</name>
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          <isin value="JP3931600005"/>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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      <invstOrSec>
        <name>BT Group PLC</name>
        <lei>213800LRO7NS5CYQMN21</lei>
        <title>BT Group PLC ORD GBP0.05</title>
        <cusip>000000000</cusip>
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          <isin value="GB0030913577"/>
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        <assetCat>EC</assetCat>
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        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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      <invstOrSec>
        <name>Microsoft Corp.</name>
        <lei>INR2EJN1ERAN0W5ZP974</lei>
        <title>Microsoft Corp. COM</title>
        <cusip>594918104</cusip>
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          <isin value="US5949181045"/>
          <ticker value="MSFT"/>
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        <balance>100.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>37017.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Datang International Power Generation Co Ltd.</name>
        <lei>213800VW156IS7SJUL96</lei>
        <title>Datang International Power Generation Co Ltd. 'H'CNY1</title>
        <cusip>000000000</cusip>
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          <isin value="CNE1000002Z3"/>
          <ticker value="991"/>
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        <invCountry>CN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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      <invstOrSec>
        <name>Telecom Italia S.p.A.</name>
        <lei>549300W384M3RI3VXU42</lei>
        <title>Telecom Italia S.p.A. NPV</title>
        <cusip>000000000</cusip>
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          <isin value="IT0003497168"/>
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        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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      <invstOrSec>
        <name>Southwest Gas Holdings Inc</name>
        <lei>254900LKF9EV0CUKNE09</lei>
        <title>Southwest Gas Holdings Inc COM</title>
        <cusip>844895102</cusip>
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          <isin value="US8448951025"/>
          <ticker value="SWX"/>
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        <invCountry>US</invCountry>
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        <name>FERRARI NV</name>
        <lei>549300RIVY5EX8RCON76</lei>
        <title>Ferrari N V COM EUR0.01</title>
        <cusip>000000000</cusip>
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          <ticker value="RACE"/>
          <other otherDesc="SEDOL" value="BZ1GMK5"/>
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        <assetCat>EC</assetCat>
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        <invCountry>NL</invCountry>

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        <name>Enel Chile SA</name>
        <lei>549300YM5CWCAUVOPB53</lei>
        <title>Enel Chile SA SPONSORED ADR</title>
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        <name>RWE AG</name>
        <lei>529900GB7KCA94ACC940</lei>
        <title>RWE AG NPV</title>
        <cusip>000000000</cusip>
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        <invCountry>DE</invCountry>
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        <name>Black Hills Corporation</name>
        <lei>3MGELCRSTNSAMJ962671</lei>
        <title>Black Hills Corporation COM</title>
        <cusip>092113109</cusip>
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          <isin value="US0921131092"/>
          <ticker value="BKH"/>
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        <curCd>USD</curCd>
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        <name>America Movil S.A.B. de C.V.</name>
        <lei>5493000FNR3UCEAONM59</lei>
        <title>America Movil S.A.B. de C.V. SPON ADS RP CL B</title>
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          <ticker value="AMX"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>MX</invCountry>
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        <name>Consd Water Co</name>
        <lei>5299001BMEW8X9VIJA73</lei>
        <title>Consd Water Co COM USD0.60</title>
        <cusip>000000000</cusip>
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          <isin value="KYG237731073"/>
          <ticker value="CWCO"/>
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        <name>Signify NV</name>
        <lei>549300072P3J1X8NZO35</lei>
        <title>Signify NV EUR0.01</title>
        <cusip>000000000</cusip>
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          <isin value="NL0011821392"/>
          <ticker value="LIGHT"/>
          <other otherDesc="SEDOL" value="BYY7VY5"/>
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        <invCountry>NL</invCountry>
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      <invstOrSec>
        <name>Twin Disc Inc</name>
        <lei>549300FR8EHCY14BLP32</lei>
        <title>Twin Disc Inc COM</title>
        <cusip>901476101</cusip>
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          <isin value="US9014761012"/>
          <ticker value="TWIN"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
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        <name>Cogeco Inc</name>
        <lei>5493000KSZQCX0QM2V25</lei>
        <title>Cogeco Inc SUB-VTG SHS NPV</title>
        <cusip>19238T100</cusip>
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          <ticker value="CGO"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Linde PLC</name>
        <lei>5299003QR1WT0EF88V51</lei>
        <title>Linde PLC COM EUR0.001</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
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      <invstOrSec>
        <name>Millicom International Cellular SA</name>
        <lei>549300CTHC1CP86P2G96</lei>
        <title>Millicom International Cellular SA COM USD1.50</title>
        <cusip>000000000</cusip>
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          <isin value="LU0038705702"/>
          <ticker value="TIGO"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
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      <invstOrSec>
        <name>Italgas SpA</name>
        <lei>815600F25FF44EF1FA76</lei>
        <title>Italgas SpA NPV</title>
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          <isin value="IT0005211237"/>
          <ticker value="IG"/>
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        <invCountry>IT</invCountry>
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      <invstOrSec>
        <name>Velan Inc</name>
        <lei>549300DB4US7WDCNNN28</lei>
        <title>Velan Inc</title>
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          <isin value="CA9229321083"/>
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          <other otherDesc="SEDOL" value="2942166"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
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      <invstOrSec>
        <name>Chugoku Electric Power Co Inc</name>
        <lei>353800MV866ELME96Q46</lei>
        <title>Chugoku Electric Power Co Inc NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3522200009"/>
          <ticker value="9504"/>
          <other otherDesc="SEDOL" value="6195900"/>
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        <balance>10000.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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      <invstOrSec>
        <name>Brookfield Asset Management Ltd</name>
        <lei>549300CZ84WPNJZKY093</lei>
        <title>Brookfield Asset Management Ltd CL A LMT VTG SHS</title>
        <cusip>113004105</cusip>
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          <isin value="CA1130041058"/>
          <ticker value="BAM"/>
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        <balance>1125.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>50006.25000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Solaredge Technologies Inc</name>
        <lei>5493000K6Y58XXPDF853</lei>
        <title>Solaredge Technologies Inc COM</title>
        <cusip>83417M104</cusip>
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          <isin value="US83417M1045"/>
          <ticker value="SEDG"/>
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        <balance>400.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>20420.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
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      <invstOrSec>
        <name>Atmos Energy Corp.</name>
        <lei>QVLWEGTD2S8GJMO8D383</lei>
        <title>Atmos Energy Corp. COM</title>
        <cusip>049560105</cusip>
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          <isin value="US0495601058"/>
          <ticker value="ATO"/>
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        <balance>5500.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1015960.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Givaudan SA</name>
        <lei>213800SVRMQA1TD91D41</lei>
        <title>Givaudan SA CHF10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CH0010645932"/>
          <ticker value="GIVN"/>
          <other otherDesc="SEDOL" value="5980613"/>
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        <balance>500.00000000</balance>
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        <pctVal>1.431822817173</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Hawaiian Electric Industries, Inc.</name>
        <lei>JJ8FWOCWCV22X7GUPJ23</lei>
        <title>Hawaiian Electric Industries, Inc. COM</title>
        <cusip>419870100</cusip>
        <identifiers>
          <isin value="US4198701009"/>
          <ticker value="HE"/>
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        <balance>10000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>148400.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Swisscom AG</name>
        <lei>5493005SL9HHOXS3B739</lei>
        <title>Swisscom AG CHF1(REGD)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CH0008742519"/>
          <ticker value="SCMN"/>
          <other otherDesc="SEDOL" value="5533976"/>
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        <balance>1100.00000000</balance>
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        <currencyConditional curCd="CHF" exchangeRt="0.79960000"/>
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        <pctVal>0.782808046594</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SK Telecom Co Ltd</name>
        <lei>9884003WEA1PHW006037</lei>
        <title>SK Telecom Co Ltd SPONSORED ADR</title>
        <cusip>78440P306</cusip>
        <identifiers>
          <isin value="US78440P3064"/>
          <ticker value="SKM"/>
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        <balance>5400.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>158166.00000000</valUSD>
        <pctVal>0.134934399285</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>KNIFE RIVER CORP</name>
        <lei>N/A</lei>
        <title>Knife River Corp. COMMON STOCK</title>
        <cusip>498894104</cusip>
        <identifiers>
          <isin value="US4988941047"/>
          <ticker value="KNF"/>
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        <balance>2000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>163300.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Centerpoint Energy Inc</name>
        <lei>21TPXMRRHFKOBHDC8J74</lei>
        <title>Centerpoint Energy Inc COM</title>
        <cusip>15189T107</cusip>
        <identifiers>
          <isin value="US15189T1079"/>
          <ticker value="CNP"/>
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        <balance>500.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>21580.00000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Verbund AG</name>
        <lei>5299006UDSEJCTTEJS30</lei>
        <title>Verbund AG CLASS'A'NPV</title>
        <cusip>000000000</cusip>
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          <isin value="AT0000746409"/>
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          <other otherDesc="SEDOL" value="4661607"/>
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        <invCountry>AT</invCountry>
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      <invstOrSec>
        <name>Liberty Broadband Corp</name>
        <lei>549300MIX43II8JLN536</lei>
        <title>Liberty Broadband Corp</title>
        <cusip>530307206</cusip>
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          <isin value="US5303072061"/>
          <ticker value="LBRDB"/>
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        <curCd>USD</curCd>
        <valUSD>32667.00000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Orange Belgium SA</name>
        <lei>5493007JS0ZHJVBUWP18</lei>
        <title>Orange Belgium SA</title>
        <cusip>000000000</cusip>
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          <isin value="BE0003735496"/>
          <ticker value="OBEL"/>
          <other otherDesc="SEDOL" value="5541979"/>
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        <assetCat>EC</assetCat>
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        <invCountry>BE</invCountry>
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      <invstOrSec>
        <name>GATX Corporation</name>
        <lei>549300IHYHCQP2PIR591</lei>
        <title>GATX Corporation COM</title>
        <cusip>361448103</cusip>
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          <isin value="US3614481030"/>
          <ticker value="GATX"/>
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        <valUSD>341480.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>United States Treasury Bills</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>B 0 05/28/26</title>
        <cusip>912797SW8</cusip>
        <identifiers>
          <isin value="US912797SW88"/>
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        <balance>110000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>109369.17000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Hewlett Packard Enterprise Co.</name>
        <lei>549300BX44RGX6ANDV88</lei>
        <title>Hewlett Packard Enterprise Co. COM</title>
        <cusip>42824C109</cusip>
        <identifiers>
          <isin value="US42824C1099"/>
          <ticker value="HPE"/>
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        <balance>4000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>95240.00000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NESTLE' CAPITAL MARKETS SA</name>
        <lei>549300PZN3NFSOUXLC42</lei>
        <title>Nestle SA CHF0.10 (REGD)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CH0038863350"/>
          <ticker value="NESN"/>
          <other otherDesc="SEDOL" value="7123870"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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      <invstOrSec>
        <name>United States Treasury Bills</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>B 0 04/30/26</title>
        <cusip>912797SN8</cusip>
        <identifiers>
          <isin value="US912797SN89"/>
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        <balance>965000.00000000</balance>
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        <valUSD>962184.40000000</valUSD>
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        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <couponKind>None</couponKind>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>AZZ Inc</name>
        <lei>549300HD1X2NFLWPYC83</lei>
        <title>AZZ Inc COM</title>
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      <invstOrSec>
        <name>Telefonica Deutschland Holding</name>
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      <invstOrSec>
        <name>ONE Gas, Inc.</name>
        <lei>549300HXDWI0LATTX840</lei>
        <title>ONE Gas, Inc. COM</title>
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      <invstOrSec>
        <name>RGC Resources Inc</name>
        <lei>N/A</lei>
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          <isin value="US74955L1035"/>
          <ticker value="RGCO"/>
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      <invstOrSec>
        <name>Ollamani SAB</name>
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      <invstOrSec>
        <name>Kerry Group PLC</name>
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        <name>TC Energy Corp</name>
        <lei>549300UGKOFV2IWJJG27</lei>
        <title>TC Energy Corp COM</title>
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        <name>T-Mobile US Inc</name>
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        <title>T-Mobile US Inc COM</title>
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      <invstOrSec>
        <name>TELUS CORP</name>
        <lei>894500TX134IMF6NW757</lei>
        <title>Telus Corp. COM NPV</title>
        <cusip>87971M103</cusip>
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      <invstOrSec>
        <name>E.ON SE</name>
        <lei>Q9MAIUP40P25UFBFG033</lei>
        <title>E.ON SE NPV</title>
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          <isin value="DE000ENAG999"/>
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        <assetCat>EC</assetCat>
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        <invCountry>DE</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>UGI Corp</name>
        <lei>DX6GCWD4Q1JO9CRE5I40</lei>
        <title>UGI Corp COM</title>
        <cusip>902681105</cusip>
        <identifiers>
          <isin value="US9026811052"/>
          <ticker value="UGI"/>
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        <curCd>USD</curCd>
        <valUSD>881364.00000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Proximus S.A</name>
        <lei>549300CWRXC5EP004533</lei>
        <title>Proximus S.A NPV</title>
        <cusip>000000000</cusip>
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          <other otherDesc="SEDOL" value="B00D9P6"/>
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        <invCountry>BE</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Southern Co.</name>
        <lei>549300FC3G3YU2FBZD92</lei>
        <title>Southern Co. COM</title>
        <cusip>842587107</cusip>
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          <isin value="US8425871071"/>
          <ticker value="SO"/>
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        <valUSD>1604645.00000000</valUSD>
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        <assetCat>EC</assetCat>
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      <invstOrSec>
        <name>VEON LTD</name>
        <lei>5493008CA3NMHYEVT131</lei>
        <title>Veon Ltd. SPONSORED ADS</title>
        <cusip>91822M502</cusip>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

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        <name>REDWIRE CORP</name>
        <lei>N/A</lei>
        <title>Redwire Corporation COM</title>
        <cusip>75776W103</cusip>
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          <ticker value="RDW"/>
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        <name>NRG Energy, Inc.</name>
        <lei>5E2UPK5SW04M13XY7I38</lei>
        <title>NRG Energy, Inc. COM NEW</title>
        <cusip>629377508</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Proto Labs Inc</name>
        <lei>529900QHG5MGWT2WQQ09</lei>
        <title>Proto Labs Inc COM</title>
        <cusip>743713109</cusip>
        <identifiers>
          <isin value="US7437131094"/>
          <ticker value="PRLB"/>
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        <balance>1000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>57020.00000000</valUSD>
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        <assetCat>EC</assetCat>
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        <name>National Grid PLC</name>
        <lei>8R95QZMKZLJX5Q2XR704</lei>
        <title>National Grid PLC ORD GBP0.12431289</title>
        <cusip>000000000</cusip>
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      <invstOrSec>
        <name>TXNM Energy Inc.</name>
        <lei>5493003JOBJGLZSDDQ28</lei>
        <title>TXNM Energy Inc. COM</title>
        <cusip>69349H107</cusip>
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          <isin value="US69349H1077"/>
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        <balance>23000.00000000</balance>
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        <valUSD>1344580.00000000</valUSD>
        <pctVal>1.147086571014</pctVal>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Severn Trent PLC</name>
        <lei>213800RPBXRETY4A4C59</lei>
        <title>Severn Trent PLC ORD GBP0.9789</title>
        <cusip>000000000</cusip>
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          <ticker value="SVT"/>
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        <assetCat>EC</assetCat>
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      <invstOrSec>
        <name>Monro Inc</name>
        <lei>N/A</lei>
        <title>Monro Inc COM</title>
        <cusip>610236101</cusip>
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          <isin value="US6102361010"/>
          <ticker value="MNRO"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Deutsche Telekom AG</name>
        <lei>549300V9QSIG4WX4GJ96</lei>
        <title>Deutsche Telekom AG NPV(REGD)</title>
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          <ticker value="DTE"/>
          <other otherDesc="SEDOL" value="5842359"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Koninklijke KPN N.V.</name>
        <lei>549300YO0JZHAL7FVP81</lei>
        <title>Koninklijke KPN N.V. EUR0.04</title>
        <cusip>000000000</cusip>
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          <isin value="NL0000009082"/>
          <ticker value="KPN"/>
          <other otherDesc="SEDOL" value="5956078"/>
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        <balance>445000.00000000</balance>
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        <pctVal>2.107577839475</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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      <invstOrSec>
        <name>EDP SA</name>
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      <invstOrSec>
        <name>United States Treasury Bills</name>
        <lei>254900HROIFWPRGM1V77</lei>
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          <isin value="US912797SP38"/>
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        <valUSD>154435.03000000</valUSD>
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          <maturityDt>2026-05-07</maturityDt>
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      <invstOrSec>
        <name>Broadcom Inc</name>
        <lei>549300WV6GIDOZJTV909</lei>
        <title>Broadcom Inc COM</title>
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      <invstOrSec>
        <name>Essential Utilities Inc</name>
        <lei>549300ILTEOF3E3QY357</lei>
        <title>Essential Utilities Inc COM</title>
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          <isin value="US29670G1022"/>
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        <assetCat>EC</assetCat>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Holcim AG</name>
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          <isin value="CH0012214059"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>United Utilities Group PLC</name>
        <lei>2138002IEYQAOC88ZJ59</lei>
        <title>United Utilities Group PLC ORD GBP0.05</title>
        <cusip>000000000</cusip>
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          <isin value="GB00B39J2M42"/>
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        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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      <invstOrSec>
        <name>Telefonica SA</name>
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        <invCountry>ES</invCountry>
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      <invstOrSec>
        <name>Shell PLC</name>
        <lei>21380068P1DRHMJ8KU70</lei>
        <title>Shell PLC SPON ADS</title>
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      <invstOrSec>
        <name>Jcdecaux SE</name>
        <lei>9695009KV7AFPDEI5S30</lei>
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          <isin value="FR0000077919"/>
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      <invstOrSec>
        <name>Prairiesky Royalty Ltd.</name>
        <lei>529900AXG582AP7CV733</lei>
        <title>Prairiesky Royalty Ltd. COM NPV</title>
        <cusip>739721108</cusip>
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          <isin value="CA7397211086"/>
          <ticker value="PSK"/>
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        <invCountry>CA</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Diamondback Energy Inc</name>
        <lei>549300R22LSX6OHWEN64</lei>
        <title>Diamondback Energy Inc COM</title>
        <cusip>25278X109</cusip>
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          <isin value="US25278X1090"/>
          <ticker value="FANG"/>
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        <balance>1800.00000000</balance>
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        <valUSD>356022.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Essity AB</name>
        <lei>549300G8E6YUVJ1DA153</lei>
        <title>Essity AB SER'B'NPV</title>
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          <isin value="SE0009922164"/>
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          <other otherDesc="SEDOL" value="BF1K7P7"/>
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        <invCountry>SE</invCountry>
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        <name>Flowserve Corporation</name>
        <lei>6Y0GK87T6V7NJKZJVM41</lei>
        <title>Flowserve Corporation COM</title>
        <cusip>34354P105</cusip>
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          <isin value="US34354P1057"/>
          <ticker value="FLS"/>
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        <name>Orascom Investment Holding</name>
        <lei>549300UT4N1DC4S2ZB61</lei>
        <title>Orascom Investment Holding</title>
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          <ticker value="OIH"/>
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        <name>DAVIDE CAMPARI - MILANO NV</name>
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        <name>Remy Cointreau SA</name>
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        <name>Genting Singapore Ltd.</name>
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        <name>Trinity Industries, Inc.</name>
        <lei>R1JB4KXN77XFCXOQKV49</lei>
        <title>Trinity Industries, Inc. COM</title>
        <cusip>896522109</cusip>
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        <name>Kinder Morgan, Inc.</name>
        <lei>549300WR7IX8XE0TBO16</lei>
        <title>Kinder Morgan, Inc. COM</title>
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        <name>United States Treasury Bills</name>
        <lei>254900HROIFWPRGM1V77</lei>
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        <cusip>912797SL2</cusip>
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        <name>TELEPHONE &amp; DATA SYSTEMS INC</name>
        <lei>5299003YZW5BE2NNLO37</lei>
        <title>Telephone and Data Systems Inc. COM NEW</title>
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          <ticker value="TDS"/>
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        <name>Sempra</name>
        <lei>PBBKGKLRK5S5C0Y4T545</lei>
        <title>Sempra COM</title>
        <cusip>816851109</cusip>
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          <ticker value="SRE"/>
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        <valUSD>68019.00000000</valUSD>
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      <invstOrSec>
        <name>UBS Group AG</name>
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          <isin value="CH0244767585"/>
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          <other otherDesc="SEDOL" value="BRTR118"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Eurotelesites AG</name>
        <lei>5299007TJV9W1OY91Y28</lei>
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        <assetCat>EC</assetCat>
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        <invCountry>AT</invCountry>
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      <invstOrSec>
        <name>Vestas Wind Systems AS</name>
        <lei>549300DYMC8BGZZC8844</lei>
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        <cusip>000000000</cusip>
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          <isin value="DK0061539921"/>
          <ticker value="VWS"/>
          <other otherDesc="SEDOL" value="BN4MYF5"/>
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        <assetCat>EC</assetCat>
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      <invstOrSec>
        <name>Fluence Corp Ltd</name>
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        <title>Fluence Corp Ltd</title>
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        <issuerCat>CORP</issuerCat>
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        <name>PG&amp;E Corporation</name>
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      <invstOrSec>
        <name>Comcast Corporation</name>
        <lei>51M0QTTNCGUN7KFCFZ59</lei>
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          <ticker value="CMCSA"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Axcelis Technologies Inc.</name>
        <lei>529900HF9B6NL1QG9F05</lei>
        <title>Axcelis Technologies Inc. COM NEW</title>
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          <ticker value="ACLS"/>
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        <name>First Sensor AG</name>
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        <title>First Sensor AG</title>
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          <isin value="DE0007201907"/>
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        <invCountry>DE</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Verizon Communications Inc.</name>
        <lei>2S72QS2UO2OESLG6Y829</lei>
        <title>Verizon Communications Inc. COM</title>
        <cusip>92343V104</cusip>
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          <isin value="US92343V1044"/>
          <ticker value="VZ"/>
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        <invCountry>US</invCountry>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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        <name>Electric Power Development Co Ltd.</name>
        <lei>549300KMHPUAQI8VEH90</lei>
        <title>Electric Power Development Co Ltd. NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3551200003"/>
          <ticker value="9513"/>
          <other otherDesc="SEDOL" value="B02Q328"/>
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        <name>XPLR Infrastructure LP</name>
        <lei>5493008F4ZOQFNG3WN54</lei>
        <title>XPLR Infrastructure LP COM UNIT PART IN</title>
        <cusip>65341B106</cusip>
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        <name>EchoStar Corp.</name>
        <lei>549300EE20907QZ9GT38</lei>
        <title>EchoStar Corp. CL A</title>
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      <invstOrSec>
        <name>OTTER TAIL CORP</name>
        <lei>N/A</lei>
        <title>Otter Tail Corporation COM</title>
        <cusip>689648103</cusip>
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          <isin value="US6896481032"/>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>OGE Energy Corporation</name>
        <lei>CE5OG6JPOZMDSA0LAQ19</lei>
        <title>OGE Energy Corporation COM</title>
        <cusip>670837103</cusip>
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          <ticker value="OGE"/>
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        <name>Snam S.p.A.</name>
        <lei>8156002278562044AF79</lei>
        <title>Snam S.p.A. NPV</title>
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          <isin value="IT0003153415"/>
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        <invCountry>IT</invCountry>
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      <invstOrSec>
        <name>MGE ENERGY INC</name>
        <lei>549300BYWGHSXX2TEO67</lei>
        <title>MGE Energy Inc. COM</title>
        <cusip>55277P104</cusip>
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          <isin value="US55277P1049"/>
          <ticker value="MGEE"/>
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      <invstOrSec>
        <name>Kimball Electronics Inc.</name>
        <lei>549300COBYN2GZCBIU87</lei>
        <title>Kimball Electronics Inc. COM</title>
        <cusip>49428J109</cusip>
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          <isin value="US49428J1097"/>
          <ticker value="KE"/>
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      <invstOrSec>
        <name>BCE Inc.</name>
        <lei>5493001I9203PRB5KR45</lei>
        <title>BCE Inc. COM NEW</title>
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      <invstOrSec>
        <name>WEC Energy Group Inc.</name>
        <lei>549300IGLYTZUK3PVP70</lei>
        <title>WEC Energy Group Inc. COM</title>
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        <name>Boralex Inc</name>
        <lei>5493004UT7HNQU2SVR90</lei>
        <title>Boralex Inc CL'A'COM NPV</title>
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          <ticker value="BLX"/>
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        <name>Avista Corporation</name>
        <lei>Q0IK63NITJD6RJ47SW96</lei>
        <title>Avista Corporation COM</title>
        <cusip>05379B107</cusip>
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          <ticker value="AVA"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>South Bow Corp.</name>
        <lei>2549000XS5TAFA3YF943</lei>
        <title>South Bow Corp. COM</title>
        <cusip>83671M105</cusip>
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          <isin value="CA83671M1059"/>
          <ticker value="SOBO"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Veolia Environnement S.A.</name>
        <lei>969500LENY69X51OOT31</lei>
        <title>Veolia Environnement S.A. EUR5</title>
        <cusip>000000000</cusip>
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          <isin value="FR0000124141"/>
          <ticker value="VIE"/>
          <other otherDesc="SEDOL" value="4031879"/>
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        <invCountry>FR</invCountry>
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      </invstOrSec>
      <invstOrSec>
        <name>Altaba Inc Escrow</name>
        <lei>N/A</lei>
        <title>Altaba Inc Escrow</title>
        <cusip>021ESC017</cusip>
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          <isin value="US021ESC0175"/>
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      <invstOrSec>
        <name>Occidental Petroleum Corp.</name>
        <lei>IM7X0T3ECJW4C1T7ON55</lei>
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      <invstOrSec>
        <name>United States Treasury Bills</name>
        <lei>254900HROIFWPRGM1V77</lei>
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          <isin value="US912797QX89"/>
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      <invstOrSec>
        <name>DTE Energy Co.</name>
        <lei>549300IX8SD6XXD71I78</lei>
        <title>DTE Energy Co. COM</title>
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      <invstOrSec>
        <name>Dell Technologies Inc</name>
        <lei>549300TJB5YBRUPOG437</lei>
        <title>Dell Technologies Inc CL C</title>
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          <isin value="US24703L2025"/>
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        <curCd>USD</curCd>
        <valUSD>213369.00000000</valUSD>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>National Grid PLC</name>
        <lei>8R95QZMKZLJX5Q2XR704</lei>
        <title>National Grid PLC SPONSORED ADR NE</title>
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          <isin value="US6362744095"/>
          <ticker value="NGG"/>
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        <balance>1300.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>109980.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Sika AG</name>
        <lei>549300R3N69ECGYPU434</lei>
        <title>Sika AG CHF0.01 (REG)</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="CH0418792922"/>
          <ticker value="SIKA"/>
          <other otherDesc="SEDOL" value="BF2DSG3"/>
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        <balance>1400.00000000</balance>
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        <currencyConditional curCd="CHF" exchangeRt="0.79960000"/>
        <valUSD>227438.72000000</valUSD>
        <pctVal>0.194032263934</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Dominion Energy Inc</name>
        <lei>ILUL7B6Z54MRYCF6H308</lei>
        <title>Dominion Energy Inc COM</title>
        <cusip>25746U109</cusip>
        <identifiers>
          <isin value="US25746U1097"/>
          <ticker value="D"/>
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        <balance>9500.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>587290.00000000</valUSD>
        <pctVal>0.501028181507</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>AAR Corp.</name>
        <lei>MP76T5YQX3YK5VVAQ802</lei>
        <title>AAR Corp. COM</title>
        <cusip>000361105</cusip>
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          <isin value="US0003611052"/>
          <ticker value="AIR"/>
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        <curCd>USD</curCd>
        <valUSD>733382.00000000</valUSD>
        <pctVal>0.625662023549</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Itissalat Al-Maghrib</name>
        <lei>254900LH0G1ZIZ78Y462</lei>
        <title>Itissalat Al-Maghrib</title>
        <cusip>000000000</cusip>
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          <isin value="MA0000011488"/>
          <ticker value="IAM"/>
          <other otherDesc="SEDOL" value="B04SNG6"/>
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        <pctVal>0.098706356667</pctVal>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>

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      <invstOrSec>
        <name>Heineken N.V.</name>
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        <title>Heineken N.V. EUR1.60</title>
        <cusip>000000000</cusip>
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          <ticker value="HEIA"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>H2O America</name>
        <lei>N/A</lei>
        <title>H2O America COM</title>
        <cusip>784305104</cusip>
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          <isin value="US7843051043"/>
          <ticker value="HTO"/>
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        <balance>1500.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>88005.00000000</valUSD>
        <pctVal>0.075078726206</pctVal>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Commerzbank AG</name>
        <lei>851WYGNLUQLFZBSYGB56</lei>
        <title>Commerzbank AG NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="DE000CBK1001"/>
          <ticker value="CBK"/>
          <other otherDesc="SEDOL" value="B90LKT4"/>
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        <balance>51000.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.86516416"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GE Aerospace</name>
        <lei>3C7474T6CDKPR9K6YT90</lei>
        <title>GE Aerospace COM NEW</title>
        <cusip>369604301</cusip>
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          <isin value="US3696043013"/>
          <ticker value="GE"/>
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        <balance>3000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>851310.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Chubu Electric Power Co Inc.</name>
        <lei>529900A76GOP0PGNHT63</lei>
        <title>Chubu Electric Power Co Inc. NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JP3526600006"/>
          <ticker value="9502"/>
          <other otherDesc="SEDOL" value="6195609"/>
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        <balance>10000.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="158.70500000"/>
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        <pctVal>0.138795436138</pctVal>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>National Fuel Gas Company</name>
        <lei>8JB38FFW1Y3C1HM8E841</lei>
        <title>National Fuel Gas Company COM</title>
        <cusip>636180101</cusip>
        <identifiers>
          <isin value="US6361801011"/>
          <ticker value="NFG"/>
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        <balance>55400.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5205384.00000000</valUSD>
        <pctVal>4.440811319055</pctVal>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Hokuriku Electric Power Company Inc</name>
        <lei>353800Z4ZNGBULYR8W57</lei>
        <title>Hokuriku Electric Power Company Inc NPV</title>
        <cusip>000000000</cusip>
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          <isin value="JP3845400005"/>
          <ticker value="9505"/>
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        <invCountry>JP</invCountry>
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      </invstOrSec>
      <invstOrSec>
        <name>KYOCERA CORP</name>
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        <assetCat>EC</assetCat>
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        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Korea Electric Power Corp.</name>
        <lei>988400QG33WS7JEIV602</lei>
        <title>Korea Electric Power Corp. SPONSORED ADR</title>
        <cusip>500631106</cusip>
        <identifiers>
          <isin value="US5006311063"/>
          <ticker value="KEP"/>
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        <balance>35000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>498750.00000000</valUSD>
        <pctVal>0.425493036705</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2026-05-29</ncom:dateSigned>
      <ncom:nameOfApplicant>Gabelli Global Utility &amp; Income Trust</ncom:nameOfApplicant>
      <ncom:signature>John C. Ball</ncom:signature>
      <ncom:signerName>John C. Ball</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
