NPORT-EX 1 GabelliGlblUtilityin.htm Gabelli Global Utility & Income Trust

The Gabelli Global Utility & Income Trust

Schedule of Investments — March 31, 2019 (Unaudited)

 

 

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Market
Value

  
    COMMON STOCKS — 78.1%  
    ENERGY AND UTILITIES — 32.4%  
    Alternative Energy — 0.5%  
    U.S. Companies  
  13,000       NextEra Energy Partners LP   $ 606,320  
  3,500       Ormat Technologies Inc.     193,025  
     

 

 

  
        799,345  
     

 

 

  
    Diversified Industrial — 1.8%  
    Non U.S. Companies  
  16,000       Bouygues SA     571,647  
  15,800       Jardine Matheson Holdings Ltd.     985,288  
  17,000       Jardine Strategic Holdings Ltd.     636,310  
    U.S. Companies  
  16,000       Flowserve Corp.     722,240  
  20,000       General Electric Co.     199,800  
     

 

 

  
        3,115,285  
     

 

 

  
    Electric Transmission and Distribution — 2.4%

 

    Non U.S. Companies  
  6,000       Algonquin Power & Utilities Corp.     67,482  
  28,000       Enel Chile SA, ADR     145,040  
  11,000       Fortis Inc.     406,548  
  6,000       Landis+Gyr Group AG     379,613  
  20,000       Red Electrica Corp. SA     426,267  
    U.S. Companies  
  2,400       Consolidated Edison Inc.     203,544  
  24,000       Twin Disc Inc.†     399,600  
  4,000       Unitil Corp.     216,680  
  24,000       WEC Energy Group Inc.     1,897,920  
     

 

 

  
        4,142,694  
     

 

 

  
    Energy and Utilities: Integrated — 17.0%

 

    Non U.S. Companies  
  140,000       A2A SpA     255,435  
  16,000       BP plc, ADR     699,520  
  10,000       Chubu Electric Power Co. Inc.     155,960  
  152,000       Datang International Power Generation Co. Ltd., Cl. H     40,663  
  2,000       E.ON SE     22,238  
  11,500       E.ON SE, ADR     127,707  
  3,000       EDP - Energias de Portugal SA     11,795  
  9,000       EDP - Energias de Portugal SA, ADR     354,915  
  10,000       Electric Power Development Co. Ltd.     243,255  
  5,500       Emera Inc.     205,661  
  8,500       Endesa SA     216,824  
  28,000       Enel Americas SA, ADR     250,040  
  90,000       Enel SpA     575,864  
  1,000       Eni SpA     17,672  
  225,000       Hera SpA     813,721  

Shares

               

Market
Value

  
  12,000       Hokkaido Electric Power Co. Inc.   $ 68,862  
  18,000       Hokuriku Electric Power Co.†     140,973  
  14,000       Huaneng Power International Inc., ADR     324,100  
  111,509       Iberdrola SA     978,922  
  34,000       Korea Electric Power Corp., ADR†     442,340  
  22,000       Kyushu Electric Power Co. Inc.     259,442  
  12,000       Shikoku Electric Power Co. Inc.     145,953  
  12,000       The Chugoku Electric Power Co. Inc.     149,526  
  14,000       The Kansai Electric Power Co. Inc.     206,154  
  8,000       Tohoku Electric Power Co. Inc.     101,922  
  100       Uniper SE     3,016  
  2,000       Verbund AG     95,977  
    U.S. Companies  
  2,000       ALLETE Inc.     164,460  
  20,000       Ameren Corp.     1,471,000  
  27,500       American Electric Power Co. Inc.     2,303,125  
  2,500       Avangrid Inc.     125,875  
  15,000       Avista Corp.     609,300  
  2,400       Black Hills Corp.     177,768  
  11,007       Dominion Energy Inc.     843,797  
  10,000       Duke Energy Corp.     900,000  
  3,600       El Paso Electric Co.     211,752  
  800       Evergy Inc.     46,440  
  24,000       Eversource Energy     1,702,800  
  15,000       Hawaiian Electric Industries Inc.     611,550  
  13,000       MGE Energy Inc.     883,610  
  5,500       NextEra Energy Inc.     1,063,260  
  36,000       NiSource Inc.     1,031,760  
  10,500       NorthWestern Corp.     739,305  
  37,000       OGE Energy Corp.     1,595,440  
  11,200       Otter Tail Corp.     557,984  
  6,000       PG&E Corp.†     106,800  
  14,000       Pinnacle West Capital Corp.     1,338,120  
  7,000       PPL Corp.     222,180  
  29,000       Public Service Enterprise Group Inc.     1,722,890  
  105,000       The AES Corp.     1,898,400  
  20,000       The Southern Co.     1,033,600  
  18,000       Xcel Energy Inc.     1,011,780  
     

 

 

  
        29,281,453  
     

 

 

  
    Natural Gas Integrated — 2.4%  
    Non U.S. Companies  
  80,000       Snam SpA     410,921  
    U.S. Companies  
  16,000       Anadarko Petroleum Corp.     727,680  
  8,000       Apache Corp.     277,280  
  14,000       Kinder Morgan Inc.     280,140  
  37,000       National Fuel Gas Co.     2,255,520  
  4,000       ONEOK Inc.     279,360  
     

 

 

  
        4,230,901  
     

 

 

  
 

 

1

The Gabelli Global Utility & Income Trust

Schedule of Investments (Continued) — March 31, 2019 (Unaudited)

 

 

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Market
Value

  
    COMMON STOCKS (Continued)  
    ENERGY AND UTILITIES (Continued)  
    Natural Gas Utilities — 2.7%  
    Non U.S. Companies  
  1,500       Enagas SA   $ 43,648  
  10,000       Engie, ADR     148,700  
  1,000       Engie SA     14,897  
  16,000       Italgas SpA     98,786  
  40,000       National Grid plc     443,252  
  15,000       National Grid plc, ADR     837,600  
  50,000       Valener Inc.     978,411  
    U.S. Companies  
  8,000       Atmos Energy Corp.     823,440  
  2,000       Chesapeake Utilities Corp.     182,420  
  1,000       ONE Gas Inc.     89,030  
  10,000       Southwest Gas Holdings Inc.     822,600  
  2,000       Spire Inc.     164,580  
     

 

 

  
        4,647,364  
     

 

 

  
    Natural Resources — 0.4%  
    Non U.S. Companies  
  1,000       Cameco Corp.     11,790  
    U.S. Companies  
  21,000       California Resources Corp.†     539,910  
  10,000       CNX Resources Corp.†     107,700  
  1,000       CONSOL Energy Inc.†     34,220  
  644       Diamondback Energy Inc.     65,385  
     

 

 

  
        759,005  
     

 

 

  
    Oil — 1.0%  
    Non U.S. Companies  
  3,600       PetroChina Co. Ltd., ADR     235,548  
  10,000       Petroleo Brasileiro SA, ADR     159,200  
  9,000       Royal Dutch Shell plc, Cl. A, ADR     563,310  
    U.S. Companies  
  1,000       Chevron Corp.     123,180  
  1,000       ConocoPhillips     66,740  
  6,000       Devon Energy Corp.     189,360  
  14,000       Whiting Petroleum Corp.†     365,960  
     

 

 

  
        1,703,298  
     

 

 

  
    Services — 1.5%  
    Non U.S. Companies  
  30,000       ABB Ltd., ADR     566,100  
  23,000       Enbridge Inc.     833,980  
  79,058       Nice SpA     309,506  
  300,000       Weatherford International plc†     209,400  
    U.S. Companies  
  12,000       AZZ Inc.     491,160  

Shares

               

Market
Value

  
  5,000       Halliburton Co.   $ 146,500  
  1,400       National Oilwell Varco Inc.     37,296  
     

 

 

  
        2,593,942  
     

 

 

  
    Water — 2.4%  
    Non U.S. Companies  
  5,000       Consolidated Water Co. Ltd.     64,350  
  98,000       Severn Trent plc     2,522,181  
  35,000       United Utilities Group plc     371,252  
    U.S. Companies  
  9,000       Aqua America Inc.     327,960  
  5,400       California Water Service Group     293,112  
  4,000       Middlesex Water Co.     223,960  
  6,500       SJW Group     401,310  
     

 

 

  
        4,204,125  
     

 

 

  
    Environmental Services — 0.2%  
    Non U.S. Companies  
  500       Suez     6,624  
  12,000       Veolia Environnement SA     268,279  
     

 

 

  
        274,903  
     

 

 

  
    Independent Power Producers and Energy Traders — 0.1%

 

    U.S. Companies  
  3,000       NRG Energy Inc.     127,440  
     

 

 

  
    TOTAL ENERGY AND UTILITIES     55,879,755  
     

 

 

  
    OTHER — 27.2%  
    Aerospace — 0.7%  
    Non U.S. Companies  
  85,000       Rolls-Royce Holdings plc     999,922  
    U.S. Companies  
  8,000       AAR Corp.     260,080  
     

 

 

  
        1,260,002  
     

 

 

  
    Automotive — 0.0%  
    Non U.S. Companies  
  350       Ferrari NV     46,830  
     

 

 

  
    Automotive: Parts and Accessories — 0.0%  
    Non U.S. Companies  
  1,500       Linamar Corp.     53,788  
     

 

 

  
    Building and Construction — 0.1%  
    Non U.S. Companies  
  500       Acciona SA     55,695  
    U.S. Companies  
  4,000       Arcosa Inc.     122,200  
     

 

 

  
        177,895  
     

 

 

  
 

 

2

The Gabelli Global Utility & Income Trust

Schedule of Investments (Continued) — March 31, 2019 (Unaudited)

 

 

Shares

               

Market

Value

  
    COMMON STOCKS (Continued)  
    OTHER (Continued)  
    Business Services — 4.4%  
    Non U.S. Companies  
  100,000       Gemalto NV†   $ 5,718,709  
  32,000       JCDecaux SA     973,504  
  2,000       Mellanox Technologies Ltd.†     236,720  
  75,000       Sistema PJSC FC, GDR     210,900  
    U.S. Companies  
  16,000       Diebold Nixdorf Inc.†     177,120  
  6,000       Macquarie Infrastructure Corp.     247,320  
     

 

 

  
        7,564,273  
     

 

 

  
    Computer Software and Services — 3.2%  
    Non U.S. Companies  
  1,000       Tencent Holdings Ltd.     45,988  
    U.S. Companies  
  30,000       Red Hat Inc.†     5,481,000  
     

 

 

  
        5,526,988  
     

 

 

  
    Consumer Products — 0.9%  
    Non U.S. Companies  
  15,000       Scandinavian Tobacco Group A/S     187,066  
  28,000       Swedish Match AB     1,427,210  
     

 

 

  
        1,614,276  
     

 

 

  
    Consumer Services — 0.3%  
    U.S. Companies  
  12,000       Matthews International Corp., Cl. A     443,400  
     

 

 

  
    Diversified Industrial — 0.9%  
    Non U.S. Companies  
  3,086       Ardagh Group SA     40,118  
    U.S. Companies  
  28,000       Multi-Color Corp.     1,396,920  
  4,000       Trinity Industries Inc.     86,920  
     

 

 

  
        1,523,958  
     

 

 

  
    Electronics — 1.0%  
    Non U.S. Companies  
  39,000       Sony Corp., ADR     1,647,360  
     

 

 

  
    Entertainment — 1.5%  
    Non U.S. Companies  
  50,000       Grupo Televisa SAB, ADR     553,000  
  1,000       Naspers Ltd., Cl. N     230,938  
  46,000       Vivendi SA     1,332,847  
    U.S. Companies  
  10,000       Fox Corp., Cl. B†     358,800  

Shares

               

Market

Value

  
  175       The Walt Disney Co.   $ 19,430  
     

 

 

  
        2,495,015  
     

 

 

  
    Financial Services — 2.2%  
    Non U.S. Companies  
  8,000       Deutsche Bank AG     64,960  
  8,000       GAM Holding AG     24,986  
  10,000       Kinnevik AB, Cl. A     264,055  
  82,000       Resona Holdings Inc.     354,917  
  15,000       Solium Capital Inc.†     214,165  
    U.S. Companies  
  10,000       AllianceBernstein Holding LP     288,900  
  20,000       Bank of America Corp.     551,800  
  3,000       Brookfield Asset Management Inc., Cl. A     139,950  
  1,500       M&T Bank Corp.     235,530  
  10,000       The Bank of New York Mellon Corp.     504,300  
  3,000       The Goldman Sachs Group Inc.     575,970  
  4,500       The Hartford Financial Services Group Inc.     223,740  
  2,000       The PNC Financial Services Group Inc.     245,320  
  2,000       UGI Corp.     110,840  
     

 

 

  
        3,799,433  
     

 

 

  
    Food and Beverage — 4.0%  
    Non U.S. Companies  
  110       Chocoladefabriken Lindt & Spruengli AG     747,878  
  3,000       Chr. Hansen Holding A/S     304,084  
  80,000       Davide Campari-Milano SpA     785,229  
  8,000       Diageo plc, ADR     1,308,880  
  6,000       Heineken NV     633,208  
  11,000       Nestlé SA     1,048,356  
  3,000       Pernod Ricard SA     538,443  
  1,000       Yakult Honsha Co. Ltd.     69,837  
    U.S. Companies  
  18,000       Cott Corp.     262,980  
  2,500       General Mills Inc.     129,375  
  7,000       McCormick & Co. Inc., Non-Voting     1,054,410  
     

 

 

  
        6,882,680  
     

 

 

  
    Health Care — 4.9%  
    Non U.S. Companies  
  10,000       Clementia Pharmaceuticals Inc.†     261,000  
  50,000       Nightstar Therapeutics plc, ADR†     1,268,500  
  41,000       Stallergenes Greer plc†     1,678,707  
    U.S. Companies  
  2,000       Celgene Corp.†     188,680  
  2,500       Johnson & Johnson     349,475  
  20,000       Owens & Minor Inc.     82,000  
  40,000       Spark Therapeutics Inc.†     4,555,200  
     

 

 

  
        8,383,562  
     

 

 

  
 

 

3

The Gabelli Global Utility & Income Trust

Schedule of Investments (Continued) — March 31, 2019 (Unaudited)

 

 

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Market
Value

  
    COMMON STOCKS (Continued)

 

    OTHER (Continued)

 

    Hotels and Gaming — 1.5%

 

    Non U.S. Companies

 

  15,000       Belmond Ltd., Cl. A†   $ 373,950  
  115,000       Genting Singapore Ltd.     88,249  
  24,000       International Game Technology plc     311,760  
  330,000       Mandarin Oriental International Ltd.     643,500  
  330,000       The Hongkong & Shanghai Hotels Ltd.     475,035  
    U.S. Companies

 

  4,000       Churchill Downs Inc.     361,040  
  4,500       Ryman Hospitality Properties Inc., REIT     370,080  
     

 

 

  
        2,623,614  
     

 

 

  
    Machinery — 1.3%

 

    Non U.S. Companies

 

  150,000       CNH Industrial NV     1,530,000  
    U.S. Companies

 

  8,000       CIRCOR International Inc.†     260,800  
  6,000       Xylem Inc.     474,240  
     

 

 

  
        2,265,040  
     

 

 

  
    Specialty Chemicals — 0.1%

 

    U.S. Companies

 

  10,000       Axalta Coating Systems Ltd.†     252,100  
     

 

 

  
    Transportation — 0.2%

 

    U.S. Companies

 

  5,000       GATX Corp.     381,850  
     

 

 

  
    TOTAL OTHER     46,942,064  
     

 

 

  
    COMMUNICATIONS — 18.5%

 

    Cable and Satellite — 4.9%

 

    Non U.S. Companies

 

  10,000       Cogeco Inc.     588,469  
  50,000       ITV plc     82,771  
  25,104       Liberty Global plc, Cl. A†     625,592  
  48,000       Liberty Global plc, Cl. C†     1,162,080  
  10,000       Liberty Latin America Ltd., Cl. A†     193,400  
  20,000       Liberty Latin America Ltd., Cl. C†     389,000  
  46,500       Rogers Communications Inc., Cl. B     2,502,630  
    U.S. Companies

 

  150       Charter Communications Inc., Cl. A†     52,037  
  15,000       Comcast Corp., Cl. A     599,700  
  38,000       DISH Network Corp., Cl. A†     1,204,220  
  6,000       EchoStar Corp., Cl. A†     218,700  
  168       Liberty Broadband Corp., Cl. B†     15,708  
  85,000       WideOpenWest Inc.†     773,500  
     

 

 

  
        8,407,807  
     

 

 

  

Shares

               

Market
Value

  
    Telecommunications — 11.3%

 

    Non U.S. Companies

 

  33,000       BCE Inc.   $ 1,464,870  
  28,500       BT Group plc, ADR     421,515  
  40,000       Deutsche Telekom AG, ADR     663,400  
  128,255       Global Telecom Holding SAE†     33,525  
  100,000       Inmarsat plc     722,863  
  465,000       Koninklijke KPN NV     1,474,087  
  1,000       Maroc Telecom     15,032  
  391       Millicom International Cellular SA     23,957  
  5,000       Orange SA, ADR     81,500  
  29,651       Orascom Investment Holding, GDR†     5,041  
  80,000       Pharol SGPS SA†     17,320  
  8,000       Proximus SA     230,723  
  1,200       Swisscom AG     586,894  
  2,000       Swisscom AG, ADR     97,780  
  40,000       Telecom Italia SpA†     24,876  
  12,000       Telefonica Brasil SA, ADR     144,840  
  41,000       Telefonica Deutschland Holding AG     128,732  
  60,000       Telefonica SA, ADR     501,600  
  70,000       Telekom Austria AG     508,828  
  22,000       Telenet Group Holding NV     1,058,219  
  70,000       VEON Ltd., ADR     146,300  
    U.S. Companies

 

  230,000       ARRIS International plc†     7,270,300  
  20,000       AT&T Inc.     627,200  
  68,000       CenturyLink Inc.     815,320  
  36,000       Sprint Corp.†     203,400  
  1,000       T-Mobile US Inc.†     69,100  
  37,000       Verizon Communications Inc.     2,187,810  
     

 

 

  
        19,525,032  
     

 

 

  
    Wireless Communications — 2.3%

 

    Non U.S. Companies

 

  3,000       America Movil SAB de CV, Cl. L, ADR     42,840  
  28,000       Millicom International Cellular SA, SDR     1,700,063  
  3,500       Mobile TeleSystems PJSC, ADR     26,460  
  2,000       SK Telecom Co. Ltd., ADR     48,980  
  20,000       Turkcell Iletisim Hizmetleri A/S, ADR     107,200  
  95,000       Vodafone Group plc, ADR     1,727,100  
    U.S. Companies

 

  6,500       United States Cellular Corp.†     298,415  
     

 

 

  
        3,951,058  
     

 

 

  
    TOTAL COMMUNICATIONS     31,883,897  
     

 

 

  
    TOTAL COMMON STOCKS     134,705,716  
     

 

 

  
 

 

4

The Gabelli Global Utility & Income Trust

Schedule of Investments (Continued) — March 31, 2019 (Unaudited)

 

 

Shares

               

Market

Value

  
    WARRANTS — 0.0%  
    COMMUNICATIONS — 0.0%  
    Telecommunications — 0.0%  
    Non U.S. Companies  
  6,000       Bharti Airtel Ltd., expire 11/30/20†(a)   $ 28,920  
     

 

 

  

Principal

Amount

                
    U.S. GOVERNMENT OBLIGATIONS — 21.9%  
  $37,935,000       U.S. Treasury Bills,  
        2.352% to 2.481%††,  
        04/25/19 to 07/25/19     37,728,828  
     

 

 

  
    TOTAL INVESTMENTS — 100.0%  
        (Cost $145,401,009)   $ 172,463,464  
     

 

 

  

                                                                          

(a)

Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. This security may be resold in transactions exempt from registration, normally to qualified institutional buyers. At March 31, 2019, the market value of the Rule 144A security amounted to $28,920 or 0.02% of total investments.

†

Non-income producing security.

††

Represents annualized yields at dates of purchase.

 

ADR

American Depositary Receipt

GDR

Global Depositary Receipt

REIT

Real Estate Investment Trust

SDR

Swedish Depositary Receipt

 

Geographic Diversification

   

% of Total
Investments

    

Market

Value

  

United States

      63.4 %    $ 109,265,585  

Europe

      26.9       46,315,128  

Canada

      4.4       7,728,745  

Asia/Pacific

      2.3       3,966,000  

Japan

      2.1       3,544,160  

Latin America

      0.8       1,359,310  

South Africa

      0.1       230,938  

Africa/Middle East

      0.0 *      53,598  
  

 

 

    

 

 

  

Total Investments

      100.0 %    $ 172,463,464  
  

 

 

    

 

 

  

                                                                 

*

Amount represents less than 0.05%.

 

 

5