The Gabelli Global Utility & Income Trust

Schedule of Investments — March 31, 2020 (Unaudited)

Shares			Market Value
		COMMON STOCKS — 80.6%
		ENERGY AND UTILITIES — 43.0%
		Alternative Energy — 2.3%
		Non U.S. Companies
	68,000	Siemens Gamesa Renewable Energy SA	$	1,029,712
	450	SolarEdge Technologies Inc.†		36,846
	1,500	Vestas Wind Systems A/S		122,454
		U.S. Companies
	36,314	NextEra Energy Partners LP		1,561,502
	8,150	Ormat Technologies Inc.		551,429
				3,301,943
		Diversified Industrial — 1.6%
		Non U.S. Companies
	4,000	Altran Technologies SA		65,733
	16,000	Bouygues SA		471,512
	16,500	Jardine Matheson Holdings Ltd.		825,000
	17,000	Jardine Strategic Holdings Ltd.		377,400
		U.S. Companies
	18,500	Flowserve Corp.		441,965
	20,000	General Electric Co.		158,800
	4,500	Mueller Water Products Inc., Cl. A		36,045
				2,376,455
		Electric Transmission and Distribution — 2.7%
		Non U.S. Companies
	8,000	Algonquin Power & Utilities Corp.		107,724
	1,000	Ascendant Group Ltd.		29,375
	1,700	Boralex Inc., Cl. A		30,200
	28,000	Enel Chile SA, ADR		92,960
	1,000	Equatorial Energia SA		3,358
	11,000	Fortis Inc.		424,195
	1,250	Fortis Inc.		48,187
	7,600	Landis+Gyr Group AG		525,881
	1,100	Orsted A/S.		108,292
	20,000	Red Electrica Corp. SA		360,979
		U.S. Companies
	2,400	Consolidated Edison Inc.		187,200
	350	Sempra Energy		39,547
	32,000	Twin Disc Inc.†		223,360
	4,000	Unitil Corp.		209,280
	16,300	WEC Energy Group Inc.		1,436,519
				3,827,057
		Energy and Utilities: Integrated — 23.2%
		Non U.S. Companies
	140,000	A2A SpA.		174,942
	18,000	BP plc, ADR		439,020
	10,000	Chubu Electric Power Co. Inc.		141,781

Shares			Market Value
	152,000	Datang International Power Generation Co. Ltd., Cl. H	$	20,390
	2,000	E.ON SE		20,825
	14,000	E.ON SE, ADR		144,200
	19,000	EDP – Energias de Portugal SA		76,654
	9,000	EDP – Energias de Portugal SA, ADR		367,110
	10,000	Electric Power Development Co. Ltd.		202,558
	33,000	Emera Inc.		1,301,428
	8,500	Endesa SA		182,525
	28,000	Enel Americas SA, ADR		169,680
	152,000	Enel SpA		1,062,676
	3,000	Eni SpA.		30,506
	5,000	Eni SpA, ADR		99,100
	225,000	Hera SpA		810,963
	12,000	Hokkaido Electric Power Co. Inc.		52,230
	22,000	Hokuriku Electric Power Co.		154,885
	14,000	Huaneng Power International Inc., ADR		201,600
	221,546	Iberdrola SA		2,195,180
	1,800	Innergex Renewable Energy Inc.		24,494
	34,000	Korea Electric Power Corp., ADR†		256,700
	22,000	Kyushu Electric Power Co. Inc.		177,801
	14,000	Shikoku Electric Power Co. Inc.		111,193
	15,000	The Chugoku Electric Power Co. Inc.		210,370
	14,000	The Kansai Electric Power Co. Inc.		156,698
	10,000	Tohoku Electric Power Co. Inc.		96,815
	100	Uniper SE		2,480
	2,000	Verbund AG		72,836
		U.S. Companies
	2,000	ALLETE Inc.		121,360
	1,400	Alliant Energy Corp.		67,606
	18,000	Ameren Corp.		1,310,940
	25,000	American Electric Power Co. Inc.		1,999,500
	11,100	Avangrid Inc.		485,958
	17,100	Avista Corp.		726,579
	600	Black Hills Corp.		38,418
	500	CMS Energy Corp.		29,375
	11,007	Dominion Energy Inc.		794,595
	1,000	DTE Energy Co.		94,970
	10,700	Duke Energy Corp.		865,416
	64,000	El Paso Electric Co.		4,349,440
	500	Entergy Corp.		46,985
	2,000	Evergy Inc.		110,100
	20,700	Eversource Energy		1,618,947
	380,000	Gulf Coast Ultra Deep Royalty Trust		6,270
	16,000	Hawaiian Electric Industries Inc.		688,800
	300	IDACORP Inc.		26,337
	10,000	MGE Energy Inc.		654,700
	5,800	NextEra Energy Inc.		1,395,596
	36,000	NiSource Inc.		898,920
	10,500	NorthWestern Corp.		628,215
	35,000	OGE Energy Corp.		1,075,550

1

The Gabelli Global Utility & Income Trust

Schedule of Investments (Continued) — March 31, 2020 (Unaudited)

Shares			Market Value
		COMMON STOCKS (Continued)
		ENERGY AND UTILITIES (Continued)
		Energy and Utilities: Integrated (Continued)
		U.S. Companies (Continued)
	11,000	Otter Tail Corp.	$	489,060
	4,000	PG&E Corp.†		35,960
	14,000	Pinnacle West Capital Corp.		1,061,060
	500	Portland General Electric Co.		23,970
	8,400	PPL Corp.		207,312
	17,000	Public Service Enterprise Group Inc.		763,470
	121,500	The AES Corp.		1,652,400
	19,000	The Southern Co.		1,028,660
	18,500	Xcel Energy Inc.		1,115,550
				33,369,659
		Environmental Services — 0.3%
		Non U.S. Companies
	2,500	Cia de Saneamento Basico do Estado de Sao Paulo, Cl. A, ADR		18,450
	900	Pentair plc		26,784
	2,500	Suez		25,576
	13,000	Veolia Environnement SA		279,227
		U.S. Companies
	300	Tetra Tech Inc.		21,186
				371,223
		Independent Power Producers and Energy Traders — 0.0%
		Non U.S. Companies
	3,000	Atlantica Yield plc		66,900
		Natural Gas Integrated — 2.1%
		Non U.S. Companies
	80,000	Snam SpA		370,928
	1,100	TC Energy Corp.		48,730
		U.S. Companies
	10,000	Apache Corp.		41,800
	14,000	Kinder Morgan Inc.		194,880
	60,000	National Fuel Gas Co.		2,237,400
	4,000	ONEOK Inc.		87,240
				2,980,978
		Natural Gas Utilities — 6.4%
		Non U.S. Companies
	215,800	AltaGas Canada Inc.		5,137,000
	1,500	Enagas SA		29,935
	1,000	Engie SA		10,381
	9,800	Engie SA, ADR		99,960
	16,000	Italgas SpA		88,038
	101,000	National Grid plc		1,187,527
	15,700	National Grid plc, ADR		914,839

Shares			Market Value
		U.S. Companies
	6,000	Atmos Energy Corp.	$	595,380
	2,200	Chesapeake Utilities Corp.		188,562
	1,300	ONE Gas Inc.		108,706
	10,000	Southwest Gas Holdings Inc.		695,600
	2,000	Spire Inc.		148,960
				9,204,888
		Natural Resources — 0.2%
		Non U.S. Companies
	12,000	Cameco Corp.		91,680
	200	Linde plc		34,600
		U.S. Companies
	22,000	California Resources Corp.†		22,000
	10,000	CNX Resources Corp.†		53,200
	1,200	Diamondback Energy Inc.		31,440
	10,000	Occidental Petroleum Corp.		115,800
				348,720
		Oil — 0.5%
		Non U.S. Companies
	5,500	PetroChina Co. Ltd., ADR		198,000
	10,000	Petroleo Brasileiro SA, ADR		55,000
	9,000	Royal Dutch Shell plc, Cl. A, ADR		314,010
		U.S. Companies
	1,000	Chevron Corp.		72,460
	1,000	ConocoPhillips		30,800
	6,000	Devon Energy Corp.		41,460
				711,730
		Services — 1.6%
		Non U.S. Companies
	1,000	ABB Ltd.		17,668
	37,000	ABB Ltd., ADR		638,620
	23,000	Enbridge Inc.		669,070
	5,726	First Sensor AG		239,346
	590	Weatherford International plc†		3,511
		U.S. Companies
	24,000	AZZ Inc.		674,880
	10,000	Halliburton Co.		68,500
	1,500	National Oilwell Varco Inc.		14,745
				2,326,340
		Water — 2.1%
		Non U.S. Companies
	500	Cia de Saneamento de Minas Gerais-COPASA		3,988
	5,000	Consolidated Water Co. Ltd.		82,000
	2,000	Fluidra SA†		18,793
	40,000	Severn Trent plc		1,132,793
	35,000	United Utilities Group plc		392,478

2

The Gabelli Global Utility & Income Trust

Schedule of Investments (Continued) — March 31, 2020 (Unaudited)

Shares			Market Value
		COMMON STOCKS (Continued)
		ENERGY AND UTILITIES (Continued)
		Water (Continued)
		U.S. Companies
	500	Artesian Resources Corp., Cl. A	$	18,690
	5,400	California Water Service Group		271,728
	8,000	Essential Utilities Inc.		325,600
	40,000	Fluence Corp. Ltd.†		7,381
	4,000	Middlesex Water Co.		240,480
	18,000	Primo Water Corp.		163,080
	6,500	SJW Group		375,505
				3,032,516
		TOTAL ENERGY AND UTILITIES		61,918,409
		OTHER — 24.6%
		Aerospace — 0.5%
		Non U.S. Companies
	100,000	Rolls-Royce Holdings plc		423,058
	8,000	Transat AT Inc.†		48,490
		U.S. Companies
	14,000	AAR Corp.		248,640
				720,188
		Automotive — 0.0%
		Non U.S. Companies
	350	Ferrari NV		53,400
		Automotive: Parts and Accessories — 0.1%
		Non U.S. Companies
	4,000	Linamar Corp.		82,797
		Building and Construction — 0.3%
		Non U.S. Companies
	500	Acciona SA		53,684
	1,500	Sika AG		249,273
		U.S. Companies
	4,000	Arcosa Inc.		158,960
				461,917
		Business Services — 1.2%
		Non U.S. Companies
	57,000	JCDecaux SA		1,037,278
	150,000	Sistema PJSC FC, GDR		498,000
		U.S. Companies
	17,000	Diebold Nixdorf Inc.†		59,840
	8,000	Macquarie Infrastructure Corp.		202,000
				1,797,118

Shares			Market Value
		Computer Software and Services — 0.4%
		Non U.S. Companies
	2,000	Prosus NV†	$	139,296
	2,000	Tencent Holdings Ltd.		98,081
		U.S. Companies
	2,430	Global Payments Inc.		350,479
				587,856
		Consumer Products — 2.3%
		Non U.S. Companies
	16,000	Essity AB, Cl. B		494,918
	500	Ferguson plc		31,400
	1,000	Salvatore Ferragamo SpA		13,345
	15,000	Scandinavian Tobacco Group A/S		151,682
	45,000	Swedish Match AB		2,583,763
				3,275,108
		Consumer Services — 0.2%
		U.S. Companies
	13,000	Matthews International Corp., Cl. A		314,470
		Diversified Industrial — 0.7%
		Non U.S. Companies
	36,000	Ardagh Group SA		426,960
	600	Sulzer AG		38,088
		U.S. Companies
	1,800	Ball Corp.		116,388
	23,000	Trinity Industries Inc.		369,610
				951,046
		Electronics — 3.3%
		Non U.S. Companies
	2,800	Kyocera Corp.		166,867
	1,000	Signify NV		19,510
	42,000	Sony Corp., ADR		2,485,560
		U.S. Companies
	400	Hubbell Inc.		45,896
	16,200	Tech Data Corp.†		2,119,770
				4,837,603
		Entertainment — 1.7%
		Non U.S. Companies
	88,000	Grupo Televisa SAB, ADR		510,400
	15,000	Manchester United plc, Cl. A		225,750
	2,000	Naspers Ltd., Cl. N		285,562
	48,000	Vivendi SA		1,033,638
		U.S. Companies
	16,500	Fox Corp., Cl. B		377,520
				2,432,870

3

The Gabelli Global Utility & Income Trust

Schedule of Investments (Continued) — March 31, 2020 (Unaudited)

Shares			Market Value
		COMMON STOCKS (Continued)
		OTHER (Continued)
		Financial Services — 3.3%
		Non U.S. Companies
	3,000	Brookfield Asset Management Inc., Cl. A	$	132,750
	55,000	Commerzbank AG		200,692
	58,000	Credit Suisse Group AG		482,078
	24,000	Credit Suisse Group AG, ADR		194,160
	8,000	Deutsche Bank AG		51,360
	65,000	GAM Holding AG†		123,314
	24,000	Janus Henderson Group plc		367,680
	10,000	Kinnevik AB, Cl. A		166,792
	100,000	Resona Holdings Inc.		302,441
	35,000	UBS Group AG		328,945
	26,000	UBS Group AG, ADR		240,760
		U.S. Companies
	10,000	AllianceBernstein Holding LP		185,900
	20,000	Bank of America Corp.		424,600
	1,500	M&T Bank Corp.		155,145
	11,000	The Bank of New York Mellon Corp.		370,480
	3,400	The Goldman Sachs Group Inc.		525,606
	3,000	The Hartford Financial Services Group Inc.		105,720
	13,830	UGI Corp.		368,846
				4,727,269
		Food and Beverage — 4.6%
		Non U.S. Companies
	110	Chocoladefabriken Lindt & Spruengli AG		932,000
	3,000	Chr. Hansen Holding A/S		225,495
	80,000	Davide Campari-Milano SpA		577,920
	8,000	Diageo plc, ADR		1,016,960
	1,000	Fomento Economico Mexicano SAB de CV, ADR		60,510
	6,000	Heineken NV		503,981
	1,000	Kerry Group plc, Cl. A		115,474
	3,300	Kikkoman Corp.		141,330
	32,000	Maple Leaf Foods Inc.		580,289
	10,000	Nestlé SA		1,033,247
	2,000	Pernod Ricard SA		285,541
	2,300	Remy Cointreau SA		252,779
	1,000	Yakult Honsha Co. Ltd.		59,428
		U.S. Companies
	1,000	General Mills Inc.		52,770
	5,500	McCormick & Co. Inc., Non-Voting		776,655
				6,614,379
		Health Care — 1.8%
		Non U.S. Companies
	8,000	Allergan plc		1,416,800
		U.S. Companies
	40,000	Owens & Minor Inc.		366,000

Shares			Market Value
	25,000	Pfizer Inc.	$	816,000
				2,598,800
		Hotels and Gaming — 1.5%
		Non U.S. Companies
	150,000	Genting Singapore Ltd.		72,818
	460,000	Mandarin Oriental International Ltd.		588,800
	340,000	The Hongkong & Shanghai Hotels Ltd.		271,026
	700,000	William Hill plc		592,455
		U.S. Companies
	4,000	Churchill Downs Inc.		411,800
	7,000	Ryman Hospitality Properties Inc., REIT		250,950
				2,187,849
		Machinery — 1.1%
		Non U.S. Companies
	185,000	CNH Industrial NV		1,037,850
		U.S. Companies
	10,500	CIRCOR International Inc.†		122,115
	6,000	Xylem Inc.		390,780
				1,550,745
		Specialty Chemicals — 1.4%
		Non U.S. Companies
	5,500	Axalta Coating Systems Ltd.†		94,985
	600	Givaudan SA		1,867,013
		U.S. Companies
	300	Air Products & Chemicals Inc.		59,883
				2,021,881
		Transportation — 0.2%
		U.S. Companies
	5,000	GATX Corp.		312,800
		TOTAL OTHER		35,528,096
		COMMUNICATIONS — 12.9%
		Cable and Satellite — 4.2%
		Non U.S. Companies
	10,000	Cogeco Inc.		617,352
	70,000	ITV plc		57,402
	25,104	Liberty Global plc, Cl. A†		414,467
	48,000	Liberty Global plc, Cl. C†		754,080
	14,000	Liberty Latin America Ltd., Cl. A†		147,280
	20,000	Liberty Latin America Ltd., Cl. C†		205,200
	46,000	Rogers Communications Inc., Cl. B		1,910,380
		U.S. Companies
	200	Charter Communications Inc., Cl. A†		87,262
	14,000	Comcast Corp., Cl. A		481,320
	41,544	DISH Network Corp., Cl. A†		830,465
	6,000	EchoStar Corp., Cl. A†		191,820
	168	Liberty Broadband Corp., Cl. B†		18,614

4

The Gabelli Global Utility & Income Trust

Schedule of Investments (Continued) — March 31, 2020 (Unaudited)

Shares			Market Value
		COMMON STOCKS (Continued)
		COMMUNICATIONS (Continued)
		Cable and Satellite (Continued)
		U.S. Companies (Continued)
	85,000	WideOpenWest Inc.†	$	404,600
				6,120,242
		Telecommunications — 6.7%
		Non U.S. Companies
	34,000	BCE Inc.		1,389,240
	142,500	BT Group plc, Cl. A		208,682
	52,000	Deutsche Telekom AG, ADR†		672,880
	465,000	Koninklijke KPN NV		1,115,959
	3,500	Maroc Telecom		44,778
	5,000	Orange SA, ADR		60,400
	31,151	Orascom Investment Holding, GDR†		1,620
	80,000	Pharol SGPS SA†		6,017
	8,000	Proximus SA		184,140
	1,200	Swisscom AG		648,561
	2,000	Swisscom AG, ADR		107,300
	40,000	Telecom Italia SpA†		16,429
	12,000	Telefonica Brasil SA, ADR		114,360
	45,000	Telefonica Deutschland Holding AG		112,115
	67,000	Telefonica SA, ADR		306,190
	70,000	Telekom Austria AG		490,239
	22,500	Telenet Group Holding NV		680,931
	250,000	VEON Ltd., ADR		377,500
		U.S. Companies
	20,000	AT&T Inc.		583,000
	72,000	CenturyLink Inc.		681,120
	4,000	Telephone & Data Systems Inc.		67,040
	1,000	T-Mobile US Inc.†.		83,900
	32,000	Verizon Communications Inc.		1,719,360
				9,671,761
		Wireless Communications — 2.0%
		Non U.S. Companies
	4,000	America Movil SAB de CV, Cl. L, ADR		47,120
	42,500	Millicom International Cellular SA, SDR		1,201,207
	6,000	Mobile TeleSystems PJSC, ADR		45,600
	2,000	NTT DOCOMO Inc.		62,813
	6,000	SK Telecom Co. Ltd., ADR.		97,620
	20,000	Turkcell Iletisim Hizmetleri A/S, ADR		93,000
	78,000	Vodafone Group plc, ADR		1,074,060
		U.S. Companies
	6,500	United States Cellular Corp.†		190,385
				2,811,805
		TOTAL COMMUNICATIONS		18,603,808

Shares			Market Value
		INDEPENDENT POWER PRODUCERS AND ENERGY TRADERS — 0.1%
		Independent Power Producers and Energy Traders — 0.1%
		U.S. Companies
	3,000	NRG Energy Inc.	$	81,780
		DIVERSIFIED INDUSTRIAL — 0.0%
		Electronics — 0.0%
		U.S. Companies
	100	Roper Technologies Inc.		31,181
		ENVIRONMENTAL SERVICES — 0.0%
		Water — 0.0%
		U.S. Companies
	1,500	Evoqua Water Technologies Corp.†		16,815
		TOTAL COMMON STOCKS		116,180,089
		CLOSED-END FUNDS — 0.2%
	10,000	Altaba Inc., Escrow†		207,500
		RIGHTS — 0.0%
		OTHER — 0.0%
		Health Care — 0.0%
		Non U.S. Companies
	17,029	Ipsen SA/Clementia, CVR†(a)		22,989
		WARRANTS — 0.0%
		COMMUNICATIONS — 0.0%
		Telecommunications — 0.0%
		Non U.S. Companies
	6,000	Bharti Airtel Ltd., expire 11/30/20†(b)		35,040
		ENERGY AND UTILITIES — 0.0%
		Services — 0.0%
		Non U.S. Companies
	2,850	Weatherford International plc, expire 12/13/23†		798
		TOTAL WARRANTS		35,838
Principal Amount
		U.S. GOVERNMENT OBLIGATIONS — 19.2%
$	27,665,000	U.S. Treasury Bills, 0.114% to 1.705%††, 04/02/20 to 10/01/20(c)		27,660,381
		TOTAL INVESTMENTS — 100.0% (Cost $144,334,210)	$	144,106,797

5

The Gabelli Global Utility & Income Trust

Schedule of Investments (Continued) — March 31, 2020 (Unaudited)

(a) Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.

(b) Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. This security may be resold in transactions exempt from registration, normally to qualified institutional buyers.

(c) At March 31, 2020, $500,000 of the principal amount was pledged as collateral for equity contract for difference swap agreements.

† Non-income producing security.

†† Represents annualized yields at dates of purchase.

ADR American Depositary Receipt

CVR Contingent Value Right

GDR Global Depositary Receipt

REIT Real Estate Investment Trust

SDR Swedish Depositary Receipt

Geographic Diversification	% of Total Investments	Market Value
United States	56.5%	$	81,388,549
Europe.	28.5		41,024,876
Canada	8.8		12,644,006
Japan	3.1		4,522,769
Asia/Pacific	2.1		3,007,436
Latin America	0.8		1,187,201
South Africa	0.2		285,562
Africa/Middle East	0.0*		46,398
Total Investments	100.0%	$	144,106,797

* Amount represents less than 0.05%.

6