# EDGAR Filing Document

**Accession Number:** 0001087966
**File Stem:** 0000940400-26-009541
**Filing Date:** 2026-3
**Character Count:** 78906
**Document Hash:** 8cceb6a4cc4a343c9851e87564c48525
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-009541.hdr.sgml**: 20260302

**ACCESSION NUMBER**: 0000940400-26-009541

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260302

**DATE AS OF CHANGE**: 20260302

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** GABELLI UTILITIES FUND
- **CENTRAL INDEX KEY:** 0001087966

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-09397
- **FILM NUMBER:** 26704022

**BUSINESS ADDRESS:**
- **STREET 1:** ONE CORPORATE CENTER
- **CITY:** RYE
- **STATE:** NY
- **ZIP:** 10580
- **BUSINESS PHONE:** 800-422-3554

**MAIL ADDRESS:**
- **STREET 1:** ONE CORPORATE CENTER
- **CITY:** RYE
- **STATE:** NY
- **ZIP:** 10580

## Series and Classes Contracts Data

### THE GABELLI UTILITIES FUND (Series ID: S000001075)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000002898 | CLASS A      | GAUAX           |
| C000002899 | CLASS AAA    | GABUX           |
| C000034315 | CLASS I      | GAUIX           |
| C000239633 | CLASS C      | GUXPX           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Gabelli Utilities Fund

- **b. Investment Company Act file number:** 811-09397

- **c. CIK number of Registrant:** 0001087966

- **d. LEI of Registrant:** 549300TVRTX43JPHU003

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** One Corporate Center

  - **City:** Rye

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10580-1422

  - **Telephone number:** 1-800-422-3554

**Item A.2. Information about the Series.**

- **a. Name of Series:** The Gabelli Utilities Fund

- **b. EDGAR series identifier (if any):** S000001075

- **c. LEI of Series:** 549300TVRTX43JPHU003

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-12-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $1629816946.57

**Total Liabilities:** $2114683.41

**Net Assets:** $1627702263.16

**Cash Not Reported:** $20829.72

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000002898 | -0.39%               | 3.29%                | -3.25%               |
| Class ID C000002899 | -0.40%               | 3.22%                | -3.26%               |
| Class ID C000034315 | -0.35%               | 3.13%                | -3.09%               |
| Class ID C000239633 | -0.36%               | 3.06%                | -3.27%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $4889377.78              | $-10828800.96                              |
| Month 2  | $556736.86               | $45951440.58                               |
| Month 3  | $1218291.55              | $-56700219.38                              |

### Schedule of Portfolio Investments

| Name                           | Title                                               | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| VEON Ltd                       | VEON Ltd                                            | CUSIP: 91822M502<br>LEI: 5493008CA3NMHYEVT131 | Long             | EC               | CORP              | AE        |     18100 | NS      | $951517.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| GATX Corp                      | GATX Corp                                           | CUSIP: 361448103<br>LEI: 549300IHYHCQP2PIR591 | Long             | EC               | CORP              | US        |    101000 | NS      | $17129600.00  | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| EOG Resources Inc              | EOG Resources Inc                                   | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |      3500 | NS      | $367535.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Orascom Investment Holding     | Orascom Investment Holding                          | CUSIP: 68555D206<br>LEI: 549300UT4N1DC4S2ZB61 | Long             | EC               | CORP              | EG        |    270000 | NS      | $3780.00      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Array Digital Infrastructure I | Array Digital Infrastructure Inc                    | CUSIP: 911684108<br>LEI: 549300B164AZXESI6E03 | Long             | EC               | CORP              | US        |     86200 | NS      | $4622044.00   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Mueller Industries Inc         | Mueller Industries Inc                              | CUSIP: 624756102<br>LEI: 5493005IZFE4VJLLYG84 | Long             | EC               | CORP              | US        |    133000 | NS      | $15268400.00  | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Otter Tail Corp                | Otter Tail Corp                                     | CUSIP: 689648103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    393500 | NS      | $31798735.00  | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Swisscom AG                    | Swisscom AG                                         | CUSIP: 871013108<br>LEI: 5493005SL9HHOXS3B739 | Long             | EC               | CORP              | CH        |     99200 | NS      | $7220768.00   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| SK Telecom Co Ltd              | SK Telecom Co Ltd                                   | CUSIP: 78440P306<br>LEI: 9884003WEA1PHW006037 | Long             | EC               | CORP              | KR        |     68000 | NS      | $1396040.00   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Broadband Corp         | Liberty Broadband Corp                              | CUSIP: 530307107<br>LEI: 549300MIX43II8JLN536 | Long             | EC               | CORP              | US        |      1300 | NS      | $62764.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Chugoku Electric Power Co Inc/ | Chugoku Electric Power Co Inc/The                   | CUSIP: 000000000<br>LEI: 353800MV866ELME96Q46 | Long             | EC               | CORP              | JP        |     10000 | NS      | $63521.45     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Cogeco Communications Inc      | Cogeco Communications Inc                           | CUSIP: 19239C106<br>LEI: 549300XHH6LJM6IAXV57 | Long             | EC               | CORP              | CA        |     27500 | NS      | $1331772.98   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Dominion Energy Inc            | Dominion Energy Inc                                 | CUSIP: 25746U109<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | EC               | CORP              | US        |    364200 | NS      | $21338478.00  | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Charter Communications Inc     | Charter Communications Inc                          | CUSIP: 16119P108<br>LEI: 0J0XRGZE3PBRFEZ7MV65 | Long             | EC               | CORP              | US        |     12700 | NS      | $2651125.00   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern Co/The                | Southern Co/The                                     | CUSIP: 842587107<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EC               | CORP              | US        |    378450 | NS      | $33000840.00  | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinder Morgan Inc              | Kinder Morgan Inc                                   | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               | CORP              | US        |    141400 | NS      | $3887086.00   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Service Enterprise Grou | Public Service Enterprise Group Inc                 | CUSIP: 744573106<br>LEI: PUSS41EMO3E6XXNV3U28 | Long             | EC               | CORP              | US        |    176750 | NS      | $14193025.00  | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| EDP SA                         | EDP SA                                              | CUSIP: 268353109<br>LEI: 529900CLC3WDMGI9VH80 | Long             | EC               | CORP              | PT        |      5000 | NS      | $229450.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Keysight Technologies Inc      | Keysight Technologies Inc                           | CUSIP: 49338L103<br>LEI: 549300GLKVIO8YRCYN02 | Long             | EC               | CORP              | US        |      2000 | NS      | $406380.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Alliant Energy Corp            | Alliant Energy Corp                                 | CUSIP: 018802108<br>LEI: 5493009ML300G373MZ12 | Long             | EC               | CORP              | US        |    173050 | NS      | $11249980.50  | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Korea Electric Power Corp      | Korea Electric Power Corp                           | CUSIP: 500631106<br>LEI: 988400QG33WS7JEIV602 | Long             | EC               | CORP              | KR        |    188000 | NS      | $3102000.00   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Operadora De Sites Mexicanos S | Operadora De Sites Mexicanos SAB de CV              | CUSIP: 000000000<br>LEI: 4469000001BRCBO8VP14 | Long             | EC               | CORP              | MX        |     70000 | NS      | $59280.86     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Global Ltd             | Liberty Global Ltd                                  | CUSIP: 000000000<br>LEI: 213800HRMKKTYH7SKA24 | Long             | EC               | CORP              | GB        |    242000 | NS      | $2671680.00   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Devon Energy Corp              | Devon Energy Corp                                   | CUSIP: 25179M103<br>LEI: 54930042348RKR3ZPN35 | Long             | EC               | CORP              | US        |     37000 | NS      | $1355310.00   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Secure Waste Infrastructure Co | Secure Waste Infrastructure Corp                    | CUSIP: 813921103<br>LEI: 894500UQR7AONHFERA55 | Long             | EC               | CORP              | CA        |      5000 | NS      | $62912.10     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Matthews International Corp    | Matthews International Corp                         | CUSIP: 577128101<br>LEI: 549300ZVC5O0ATML6U61 | Long             | EC               | CORP              | US        |      4500 | NS      | $117540.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Energy Transfer LP             | Energy Transfer LP                                  | CUSIP: 29273V100<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | EC               | CORP              | US        |    469200 | NS      | $7737108.00   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Tohoku Electric Power Co Inc   | Tohoku Electric Power Co Inc                        | CUSIP: 000000000<br>LEI: 353800KTF7EYIIYHY088 | Long             | EC               | CORP              | JP        |     89000 | NS      | $655113.64    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| BP PLC                         | BP PLC                                              | CUSIP: 055622104<br>LEI: 213800LH1BZH3DI6G760 | Long             | EC               | CORP              | GB        |     16000 | NS      | $555680.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Rogers Communications Inc      | Rogers Communications Inc                           | CUSIP: 775109200<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | EC               | CORP              | CA        |     95000 | NS      | $3584350.00   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| AZZ Inc                        | AZZ Inc                                             | CUSIP: 002474104<br>LEI: 549300HD1X2NFLWPYC83 | Long             | EC               | CORP              | US        |     54300 | NS      | $5819874.00   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| AES Corp/The                   | AES Corp/The                                        | CUSIP: 00130H105<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | EC               | CORP              | US        |   2973000 | NS      | $42632820.00  | 2.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Diamondback Energy Inc         | Diamondback Energy Inc                              | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        |      3200 | NS      | $481056.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Algonquin Power & Utilities Co | Algonquin Power & Utilities Corp                    | CUSIP: 015857105<br>LEI: 549300K5VIUTJXQL7X75 | Long             | EC               | CORP              | CA        |    850000 | NS      | $5227500.00   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Twin Disc Inc                  | Twin Disc Inc                                       | CUSIP: 901476101<br>LEI: 549300FR8EHCY14BLP32 | Long             | EC               | CORP              | US        |    112000 | NS      | $1868160.00   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Sony Group Corp                | Sony Group Corp                                     | CUSIP: 835699307<br>LEI: 529900R5WX9N2OI2N910 | Long             | EC               | CORP              | JP        |    330000 | NS      | $8448000.00   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Timken Co/The                  | Timken Co/The                                       | CUSIP: 887389104<br>LEI: B0I35MLPFXZSE70ASS73 | Long             | EC               | CORP              | US        |       800 | NS      | $67304.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Chubu Electric Power Co Inc    | Chubu Electric Power Co Inc                         | CUSIP: 000000000<br>LEI: 529900A76GOP0PGNHT63 | Long             | EC               | CORP              | JP        |     36000 | NS      | $554341.16    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Kansai Electric Power Co Inc/T | Kansai Electric Power Co Inc/The                    | CUSIP: 000000000<br>LEI: 353800PFUKP5ONPJNZ86 | Long             | EC               | CORP              | JP        |    300000 | NS      | $4701864.15   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Spire Inc                      | Spire Inc                                           | CUSIP: 84857L101<br>LEI: 549300NXSY15DRY2R511 | Long             | EC               | CORP              | US        |    106500 | NS      | $8807550.00   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Shikoku Electric Power Co Inc  | Shikoku Electric Power Co Inc                       | CUSIP: 000000000<br>LEI: 353800KWK6U7ZCIWXS64 | Long             | EC               | CORP              | JP        |     29000 | NS      | $287056.31    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Millicom International Cellula | Millicom International Cellular SA                  | CUSIP: 000000000<br>LEI: 549300CTHC1CP86P2G96 | Long             | EC               | CORP              | LU        |     36500 | NS      | $2023560.00   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Arcosa Inc                     | Arcosa Inc                                          | CUSIP: 039653100<br>LEI: 549300WFHLTCZV7D6V29 | Long             | EC               | CORP              | US        |      2200 | NS      | $233904.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Middlesex Water Co             | Middlesex Water Co                                  | CUSIP: 596680108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7650 | NS      | $385713.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| O B Financial Holding SAE      | O B Financial Holding SAE                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | EG        |   1500000 | NS      | $17610.06     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| UGI Corp                       | UGI Corp                                            | CUSIP: 902681105<br>LEI: DX6GCWD4Q1JO9CRE5I40 | Long             | EC               | CORP              | US        |    367000 | NS      | $13736810.00  | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| PPL Corp                       | PPL Corp                                            | CUSIP: 69351T106<br>LEI: 9N3UAJSNOUXFKQLF3V18 | Long             | EC               | CORP              | US        |    538000 | NS      | $18840760.00  | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| TELUS Corp                     | TELUS Corp                                          | CUSIP: 87971M103<br>LEI: 894500WE70KKZRQMBU11 | Long             | EC               | CORP              | CA        |     10000 | NS      | $131798.48    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Telephone and Data Systems Inc | Telephone and Data Systems Inc                      | CUSIP: 879433829<br>LEI: 5299003YZW5BE2NNLO37 | Long             | EC               | CORP              | US        |    266000 | NS      | $10906000.00  | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Essity AB                      | Essity AB                                           | CUSIP: 000000000<br>LEI: 549300G8E6YUVJ1DA153 | Long             | EC               | CORP              | SE        |      8000 | NS      | $230706.57    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| L B Foster Co                  | L B Foster Co                                       | CUSIP: 350060109<br>LEI: 549300AUUJGJ2T2L2179 | Long             | EC               | CORP              | US        |      7500 | NS      | $202125.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| IDACORP Inc                    | IDACORP Inc                                         | CUSIP: 451107106<br>LEI: N134NUJDWN8UEFA8B673 | Long             | EC               | CORP              | US        |     41750 | NS      | $5283880.00   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Belden Inc                     | Belden Inc                                          | CUSIP: 077454106<br>LEI: 68BKYO1JC791TTJHUE82 | Long             | EC               | CORP              | US        |       500 | NS      | $58275.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| MDU Resources Group Inc        | MDU Resources Group Inc                             | CUSIP: 552690109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     93000 | NS      | $1815360.00   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Altaba Inc Escrow              | Altaba Inc Escrow                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     40000 | NS      | $54000.00     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Brookfield Renewable Corp      | Brookfield Renewable Corp                           | CUSIP: 11285B108<br>LEI: 894500N9AWD5I1YNP231 | Long             | EC               | CORP              | US        |     13000 | NS      | $498420.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Roper Technologies Inc         | Roper Technologies Inc                              | CUSIP: 776696106<br>LEI: 54930003T4SXCIWVXY35 | Long             | EC               | CORP              | US        |       300 | NS      | $133539.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Gulf Coast Ultra Deep Royalty  | Gulf Coast Ultra Deep Royalty Trust                 | CUSIP: 40222T104<br>LEI: 549300LVVWU3NPP3DF95 | Long             | EC               | CORP              | US        |    100000 | NS      | $2950.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| GCI LIBERTY INC                | GCI LIBERTY INC ESCROW SHARE                        | CUSIP: 361ESC049<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10000 | NS      | $0.10         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| APA Corp                       | APA Corp                                            | CUSIP: 03743Q108<br>LEI: 549300VCIWLRHYVSHC79 | Long             | EC               | CORP              | US        |     33800 | NS      | $826748.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| PG&E Corp                      | PG&E Corp                                           | CUSIP: 69331C108<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | EC               | CORP              | US        |    268500 | NS      | $4314795.00   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Global Ltd             | Liberty Global Ltd                                  | CUSIP: 000000000<br>LEI: 213800HRMKKTYH7SKA24 | Long             | EC               | CORP              | GB        |    260000 | NS      | $2896400.00   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| WESCO International Inc        | WESCO International Inc                             | CUSIP: 95082P105<br>LEI: 529900TXOGREY3WNJ434 | Long             | EC               | CORP              | US        |       200 | NS      | $48928.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| MGE Energy Inc                 | MGE Energy Inc                                      | CUSIP: 55277P104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    185500 | NS      | $14546910.00  | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Tele2 AB                       | Tele2 AB                                            | CUSIP: 000000000<br>LEI: 213800EKD193RVI9HL76 | Long             | EC               | CORP              | SE        |     20000 | NS      | $335741.05    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Vodafone Group PLC             | Vodafone Group PLC                                  | CUSIP: 92857W308<br>LEI: 213800TB53ELEUKM7Q61 | Long             | EC               | CORP              | GB        |     74000 | NS      | $977540.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| OGE Energy Corp                | OGE Energy Corp                                     | CUSIP: 670837103<br>LEI: CE5OG6JPOZMDSA0LAQ19 | Long             | EC               | CORP              | US        |    777500 | NS      | $33199250.00  | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| DTE Energy Co                  | DTE Energy Co                                       | CUSIP: 233331107<br>LEI: 549300IX8SD6XXD71I78 | Long             | EC               | CORP              | US        |     17200 | NS      | $2218456.00   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| PrairieSky Royalty Ltd         | PrairieSky Royalty Ltd                              | CUSIP: 739721108<br>LEI: 529900AXG582AP7CV733 | Long             | EC               | CORP              | CA        |     40000 | NS      | $787730.87    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Occidental Petroleum Corp      | Occidental Petroleum Corp                           | CUSIP: 674599105<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | EC               | CORP              | US        |       750 | NS      | $30840.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| EQT Corp                       | EQT Corp                                            | CUSIP: 26884L109<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | EC               | CORP              | US        |       800 | NS      | $42880.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Koninklijke KPN NV             | Koninklijke KPN NV                                  | CUSIP: 000000000<br>LEI: 549300YO0JZHAL7FVP81 | Long             | EC               | CORP              | NL        |   1448000 | NS      | $6765917.85   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Telefonica Brasil SA           | Telefonica Brasil SA                                | CUSIP: 87936R205<br>LEI: 529900MTGG2HSDBIWG79 | Long             | EC               | CORP              | BR        |    125000 | NS      | $1482500.00   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| American Water Works Co Inc    | American Water Works Co Inc                         | CUSIP: 030420103<br>LEI: 549300DXHIJQMD5WFW18 | Long             | EC               | CORP              | US        |     97100 | NS      | $12671550.00  | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Oceaneering International Inc  | Oceaneering International Inc                       | CUSIP: 675232102<br>LEI: 549300L6PH74701W0R30 | Long             | EC               | CORP              | US        |      6970 | NS      | $167489.10    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Broadband Corp         | Liberty Broadband Corp                              | CUSIP: 530307305<br>LEI: 549300MIX43II8JLN536 | Long             | EC               | CORP              | US        |      7000 | NS      | $340200.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Waste Connections Inc          | Waste Connections Inc                               | CUSIP: 94106B101<br>LEI: 549300HDLRTPBQU69P29 | Long             | EC               | CORP              | CA        |      2000 | NS      | $350720.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| National Fuel Gas Co           | National Fuel Gas Co                                | CUSIP: 636180101<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | EC               | CORP              | US        |   1432500 | NS      | $114685950.00 | 7.05%             |  |  |  | No            |                  1 | On Loan: No      |
| York Water Co/The              | York Water Co/The                                   | CUSIP: 987184108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     86043 | NS      | $2739609.12   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| SDCL EDGE ACQUISITION CORP-A   | SDCL EDGE Acquisition Corp                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    428750 | NS      | $12862.50     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| TBS Holdings Inc               | TBS Holdings Inc                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     38000 | NS      | $1401953.52   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Sempra                         | Sempra                                              | CUSIP: 816851109<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | EC               | CORP              | US        |     14000 | NS      | $1236060.00   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Cogeco Inc                     | Cogeco Inc                                          | CUSIP: 19238T100<br>LEI: 5493000KSZQCX0QM2V25 | Long             | EC               | CORP              | CA        |     75000 | NS      | $3496593.93   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Confluent Inc                  | Confluent Inc                                       | CUSIP: 20717M103<br>LEI: 254900MRZ83YWUV7SN74 | Long             | EC               | CORP              | US        |     40000 | NS      | $1209600.00   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Optimum Communications Inc     | Optimum Communications Inc                          | CUSIP: 02156K103<br>LEI: 54930064K3612MGCER95 | Long             | EC               | CORP              | US        |      3000 | NS      | $4950.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Chesapeake Utilities Corp      | Chesapeake Utilities Corp                           | CUSIP: 165303108<br>LEI: 254900WW0FDCKAOCKE74 | Long             | EC               | CORP              | US        |     30000 | NS      | $3742800.00   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Freeport-McMoRan Inc           | Freeport-McMoRan Inc                                | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |     54000 | NS      | $2742660.00   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Enagas SA                      | Enagas SA                                           | CUSIP: 000000000<br>LEI: 213800OU3FQKGM4M2U23 | Long             | EC               | CORP              | ES        |     34500 | NS      | $533158.86    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Eversource Energy              | Eversource Energy                                   | CUSIP: 30040W108<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | EC               | CORP              | US        |    615750 | NS      | $41458447.50  | 2.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Tetra Tech Inc                 | Tetra Tech Inc                                      | CUSIP: 88162G103<br>LEI: 549300UJ1LP7JGJC5P32 | Long             | EC               | CORP              | US        |      2000 | NS      | $67080.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Deutsche Telekom AG            | Deutsche Telekom AG                                 | CUSIP: 251566105<br>LEI: 549300V9QSIG4WX4GJ96 | Long             | EC               | CORP              | DE        |    453000 | NS      | $14813100.00  | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Essential Utilities Inc        | Essential Utilities Inc                             | CUSIP: 29670G102<br>LEI: 549300ILTEOF3E3QY357 | Long             | EC               | CORP              | US        |    439250 | NS      | $16849630.00  | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| SingTel                        | Singapore Telecommunications Ltd                    | CUSIP: 000000000<br>LEI: 2549003XJKIQO8YDYD89 | Long             | EC               | CORP              | SG        |   1400000 | NS      | $4955655.83   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| ABIOMED Inc                    | ABIOMED Inc                                         | CUSIP: 003CVR016<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     21000 | NS      | $33600.00     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Atmos Energy Corp              | Atmos Energy Corp                                   | CUSIP: 049560105<br>LEI: QVLWEGTD2S8GJMO8D383 | Long             | EC               | CORP              | US        |     65200 | NS      | $10929476.00  | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Northwestern Energy Group Inc  | Northwestern Energy Group Inc                       | CUSIP: 668074305<br>LEI: 254900N1WG46G1VMDM34 | Long             | EC               | CORP              | US        |    424000 | NS      | $27364960.00  | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy Inc             | NextEra Energy Inc                                  | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |   1578500 | NS      | $126721980.00 | 7.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Orange Belgium SA              | Orange Belgium SA                                   | CUSIP: 000000000<br>LEI: 5493007JS0ZHJVBUWP18 | Long             | EC               | CORP              | BE        |     17000 | NS      | $385583.12    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Flowserve Corp                 | Flowserve Corp                                      | CUSIP: 34354P105<br>LEI: 6Y0GK87T6V7NJKZJVM41 | Long             | EC               | CORP              | US        |     81500 | NS      | $5654470.00   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Mueller Water Products Inc     | Mueller Water Products Inc                          | CUSIP: 624758108<br>LEI: 549300F7ZU4P1F8V8L60 | Long             | EC               | CORP              | US        |    199700 | NS      | $4756854.00   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| FirstEnergy Corp               | FirstEnergy Corp                                    | CUSIP: 337932107<br>LEI: 549300SVYJS666PQJH88 | Long             | EC               | CORP              | US        |    300291 | NS      | $13444028.07  | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Telekom Austria AG             | Telekom Austria AG                                  | CUSIP: 000000000<br>LEI: 529900KCNFQU5OJH7L33 | Long             | EC               | CORP              | AT        |    980000 | NS      | $10365264.00  | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Badger Meter Inc               | Badger Meter Inc                                    | CUSIP: 056525108<br>LEI: 5493002JENE20OGTUG20 | Long             | EC               | CORP              | US        |       500 | NS      | $87205.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| RWE AG                         | RWE AG                                              | CUSIP: 000000000<br>LEI: 529900GB7KCA94ACC940 | Long             | EC               | CORP              | DE        |      8000 | NS      | $425516.42    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill                         | CUSIP: 912797SC2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    875000 | PA      | $867915.70    | 0.05%             | 2026-03-26      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| E.ON SE                        | E.ON SE                                             | CUSIP: 000000000<br>LEI: Q9MAIUP40P25UFBFG033 | Long             | EC               | CORP              | DE        |     20000 | NS      | $379002.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Kyushu Electric Power Co Inc   | Kyushu Electric Power Co Inc                        | CUSIP: 000000000<br>LEI: 549300BYNZPLKQVQH430 | Long             | EC               | CORP              | JP        |     50000 | NS      | $535942.29    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Alstom SA                      | Alstom SA                                           | CUSIP: 000000000<br>LEI: 96950032TUYMW11FB530 | Long             | EC               | CORP              | FR        |       210 | NS      | $6211.75      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Gorman-Rupp Co/The             | Gorman-Rupp Co/The                                  | CUSIP: 383082104<br>LEI: 254900WVLPOIWPGJPA07 | Long             | EC               | CORP              | US        |     40700 | NS      | $1943425.00   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Hera SpA                       | Hera SpA                                            | CUSIP: 000000000<br>LEI: 8156009414FD99443B48 | Long             | EC               | CORP              | IT        |    550000 | NS      | $2598367.20   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| NiSource Inc                   | NiSource Inc                                        | CUSIP: 65473P105<br>LEI: 549300D8GOWWH0SJB189 | Long             | EC               | CORP              | US        |    260000 | NS      | $10857600.00  | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| ONE Gas Inc                    | ONE Gas Inc                                         | CUSIP: 68235P108<br>LEI: 549300HXDWI0LATTX840 | Long             | EC               | CORP              | US        |    148000 | NS      | $11433000.00  | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Clearway Energy Inc            | Clearway Energy Inc                                 | CUSIP: 18539C204<br>LEI: 549300LHAZ9HA9G3XC48 | Long             | EC               | CORP              | US        |      9700 | NS      | $322622.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameren Corp                    | Ameren Corp                                         | CUSIP: 023608102<br>LEI: XRZQ5S7HYJFPHJ78L959 | Long             | EC               | CORP              | US        |    449000 | NS      | $44837140.00  | 2.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Portland General Electric Co   | Portland General Electric Co                        | CUSIP: 736508847<br>LEI: GJOUP9M7C39GLSK9R870 | Long             | EC               | CORP              | US        |    131050 | NS      | $6289089.50   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| XPLR Infrastructure LP         | XPLR Infrastructure LP                              | CUSIP: 65341B106<br>LEI: 5493008F4ZOQFNG3WN54 | Long             | EC               | CORP              | US        |     68500 | NS      | $685000.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| California Water Service Group | California Water Service Group                      | CUSIP: 130788102<br>LEI: 529900QABDOBU6UVRQ36 | Long             | EC               | CORP              | US        |      5000 | NS      | $216650.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Endesa SA                      | Endesa SA                                           | CUSIP: 000000000<br>LEI: 549300LHK07F2CHV4X31 | Long             | EC               | CORP              | ES        |    100000 | NS      | $3599637.60   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Xylem Inc/NY                   | Xylem Inc/NY                                        | CUSIP: 98419M100<br>LEI: 549300DF5MV96DRYLQ48 | Long             | EC               | CORP              | US        |     67200 | NS      | $9151296.00   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Xcel Energy Inc                | Xcel Energy Inc                                     | CUSIP: 98389B100<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | EC               | CORP              | US        |    382516 | NS      | $28252631.76  | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Avista Corp                    | Avista Corp                                         | CUSIP: 05379B107<br>LEI: Q0IK63NITJD6RJ47SW96 | Long             | EC               | CORP              | US        |    297500 | NS      | $11465650.00  | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill                         | CUSIP: 912797SB4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   8925000 | PA      | $8864730.37   | 0.54%             | 2026-03-12      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CenterPoint Energy Inc         | CenterPoint Energy Inc                              | CUSIP: 15189T107<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | EC               | CORP              | US        |    114000 | NS      | $4370760.00   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Televisa SAB             | Grupo Televisa SAB                                  | CUSIP: 40049J206<br>LEI: 549300O4AF0C816ILN62 | Long             | EC               | CORP              | MX        |    120000 | NS      | $349200.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| GCI Liberty Inc                | GCI Liberty Inc                                     | CUSIP: 36164V800<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1843 | NS      | $68578.03     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Proximus SADP                  | Proximus SADP                                       | CUSIP: 000000000<br>LEI: 549300CWRXC5EP004533 | Long             | EC               | CORP              | BE        |     60000 | NS      | $498872.40    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Tejon Ranch Co                 | Tejon Ranch Co                                      | CUSIP: 879080109<br>LEI: 549300TMNDO77VJ6J111 | Long             | EC               | CORP              | US        |      3000 | NS      | $47310.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| PLDT Inc                       | PLDT Inc                                            | CUSIP: 69344D408<br>LEI: 254900ADE8GQHM5P2648 | Long             | EC               | CORP              | PH        |     20000 | NS      | $434800.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Knife River Corp               | Knife River Corp                                    | CUSIP: 498894104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8000 | NS      | $562800.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| WEC Energy Group Inc           | WEC Energy Group Inc                                | CUSIP: 92939U106<br>LEI: 549300IGLYTZUK3PVP70 | Long             | EC               | CORP              | US        |    464900 | NS      | $49028354.00  | 3.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CNX Resources Corp             | CNX Resources Corp                                  | CUSIP: 12653C108<br>LEI: 549300JK3KH8PWM3B226 | Long             | EC               | CORP              | US        |     33000 | NS      | $1213410.00   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Tsumura & Co                   | Tsumura & Co                                        | CUSIP: 000000000<br>LEI: 3538005RS3M1OVJLC663 | Long             | EC               | CORP              | JP        |     12000 | NS      | $312334.01    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| National Grid PLC              | National Grid PLC                                   | CUSIP: 636274409<br>LEI: 8R95QZMKZLJX5Q2XR704 | Long             | EC               | CORP              | GB        |     32200 | NS      | $2490670.00   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Eos Energy Enterprises Inc     | Eos Energy Enterprises Inc                          | CUSIP: 29415C101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5000 | NS      | $57300.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| United Utilities Group PLC     | United Utilities Group PLC                          | CUSIP: 91311E102<br>LEI: 2138002IEYQAOC88ZJ59 | Long             | EC               | CORP              | GB        |     54000 | NS      | $1737720.00   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinnevik AB                    | Kinnevik AB                                         | CUSIP: 000000000<br>LEI: 2138006PZH76JOS6MN27 | Long             | EC               | CORP              | SE        |     45000 | NS      | $411068.27    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| America Movil SAB de CV        | America Movil SAB de CV                             | CUSIP: 02390A101<br>LEI: 5493000FNR3UCEAONM59 | Long             | EC               | CORP              | MX        |     41500 | NS      | $857805.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| TXNM Energy Inc                | TXNM Energy Inc                                     | CUSIP: 69349H107<br>LEI: 5493003JOBJGLZSDDQ28 | Long             | EC               | CORP              | US        |    208723 | NS      | $12289610.24  | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| RGC Resources Inc              | RGC Resources Inc                                   | CUSIP: 74955L103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    115000 | NS      | $2449500.00   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Clear Channel Outdoor Holdings | Clear Channel Outdoor Holdings Inc                  | CUSIP: 18453H106<br>LEI: 254900XBEE6V1ENYS150 | Long             | EC               | CORP              | US        |    600000 | NS      | $1326000.00   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Astec Industries Inc           | Astec Industries Inc                                | CUSIP: 046224101<br>LEI: 5493002DO2QKHLKB2A48 | Long             | EC               | CORP              | US        |     56000 | NS      | $2425920.00   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| American Electric Power Co Inc | American Electric Power Co Inc                      | CUSIP: 025537101<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | EC               | CORP              | US        |    530900 | NS      | $61218079.00  | 3.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Valmont Industries Inc         | Valmont Industries Inc                              | CUSIP: 920253101<br>LEI: 5493009ZGZJJ8F77JN08 | Long             | EC               | CORP              | US        |       500 | NS      | $201160.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Duke Energy Corp               | Duke Energy Corp                                    | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               | CORP              | US        |    240200 | NS      | $28153842.00  | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| American States Water Co       | American States Water Co                            | CUSIP: 029899101<br>LEI: 529900L26LIS2V8PWM23 | Long             | EC               | CORP              | US        |      8500 | NS      | $616080.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Everus Construction Group Inc  | Everus Construction Group Inc                       | CUSIP: 300426103<br>LEI: 2549006JMMHR0KILT425 | Long             | EC               | CORP              | US        |     23250 | NS      | $1989270.00   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Landis+Gyr Group AG            | Landis+Gyr Group AG                                 | CUSIP: 000000000<br>LEI: 529900PZYVAKCYSLFL19 | Long             | EC               | CORP              | CH        |     11800 | NS      | $765711.40    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Unitil Corp                    | Unitil Corp                                         | CUSIP: 913259107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     49000 | NS      | $2373560.00   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill                         | CUSIP: 912797RV1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3550000 | PA      | $3528439.36   | 0.22%             | 2026-03-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill                         | CUSIP: 912797SH1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    445000 | PA      | $443909.34    | 0.03%             | 2026-01-27      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Turkcell Iletisim Hizmetleri A | Turkcell Iletisim Hizmetleri AS                     | CUSIP: 900111204<br>LEI: 7890003EX1LTLS2FFL84 | Long             | EC               | CORP              | TR        |    267500 | NS      | $1463225.00   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| CMS Energy Corp                | CMS Energy Corp                                     | CUSIP: 125896100<br>LEI: 549300IA9XFBAGNIBW29 | Long             | EC               | CORP              | US        |     59373 | NS      | $4151953.89   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Snam SpA                       | Snam SpA                                            | CUSIP: 000000000<br>LEI: 8156002278562044AF79 | Long             | EC               | CORP              | IT        |      2000 | NS      | $13293.86     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinor ASA                    | Equinor ASA                                         | CUSIP: 000000000<br>LEI: OW6OFBNCKXC4US5C7523 | Long             | EC               | CORP              | NO        |     75000 | NS      | $1763392.86   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Enbridge Inc                   | Enbridge Inc                                        | CUSIP: 29250N105<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | EC               | CORP              | CA        |    552500 | NS      | $26426075.00  | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| BCE Inc                        | BCE Inc                                             | CUSIP: 05534B760<br>LEI: 5493001I9203PRB5KR45 | Long             | EC               | CORP              | CA        |    476000 | NS      | $11338320.00  | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| HUANENG POWER                  | Huaneng Power International Inc                     | CUSIP: 000000000<br>LEI: 529900WU0SMVKMPG4V21 | Long             | EC               | CORP              | CN        |   6520000 | NS      | $4800339.21   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| TEPCO                          | Tokyo Electric Power Co Holdings Inc                | CUSIP: 000000000<br>LEI: 5299004EMJ3R4RVR5Y75 | Long             | EC               | CORP              | JP        |     50000 | NS      | $209812.31    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Pharol SGPS SA                 | Pharol SGPS SA                                      | CUSIP: 000000000<br>LEI: 549300JNP3LA8FWLU630 | Long             | EC               | CORP              | PT        |    225000 | NS      | $16658.46     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Evergy Inc                     | Evergy Inc                                          | CUSIP: 30034W106<br>LEI: 549300PGTHDQY6PSUI61 | Long             | EC               | CORP              | US        |    799607 | NS      | $57963511.43  | 3.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Rolls-Royce Holdings PLC       | Rolls-Royce Holdings PLC                            | CUSIP: 000000000<br>LEI: 213800EC7997ZBLZJH69 | Long             | EC               | CORP              | GB        |    750000 | NS      | $11626068.75  | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Edison International           | Edison International                                | CUSIP: 281020107<br>LEI: 549300I7ROF15MAEVP56 | Long             | EC               | CORP              | US        |    212000 | NS      | $12724240.00  | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Sony Financial Group Inc       | Sony Financial Group Inc                            | CUSIP: 83571B100<br>LEI: 353800O7BDSU41WOZA60 | Long             | EC               | CORP              | JP        |     78000 | NS      | $407940.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Energy Corp      | Constellation Energy Corp                           | CUSIP: 21037T109<br>LEI: 549300F8Y20RYGNGV346 | Long             | EC               | CORP              | US        |     58267 | NS      | $20583983.09  | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Fluence Energy Inc             | Fluence Energy Inc                                  | CUSIP: 34379V103<br>LEI: 25490043LHZ97BT5PP29 | Long             | EC               | CORP              | US        |     10000 | NS      | $197800.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| GCI Liberty Inc                | GCI Liberty Inc                                     | CUSIP: 36164V602<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        40 | NS      | $1474.80      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Redeia Corp SA                 | Redeia Corp SA                                      | CUSIP: 000000000<br>LEI: 5493009HMD0C90GUV498 | Long             | EC               | CORP              | ES        |    314500 | NS      | $5606838.07   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Entergy Corp                   | Entergy Corp                                        | CUSIP: 29364G103<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | EC               | CORP              | US        |     18200 | NS      | $1682226.00   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| NTT Inc                        | NTT Inc                                             | CUSIP: 000000000<br>LEI: 353800VHQU5VIXVUA841 | Long             | EC               | CORP              | JP        |  12935000 | NS      | $13022532.56  | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortis Inc/Canada              | Fortis Inc/Canada                                   | CUSIP: 349553107<br>LEI: 549300MQYQ9Y065XPR71 | Long             | EC               | CORP              | CA        |    150800 | NS      | $7840215.66   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Italgas SpA                    | Italgas SpA                                         | CUSIP: 000000000<br>LEI: 815600F25FF44EF1FA76 | Long             | EC               | CORP              | IT        |     31250 | NS      | $349438.37    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Telefonica SA                  | Telefonica SA                                       | CUSIP: 879382208<br>LEI: 549300EEJH4FEPDBBR25 | Long             | EC               | CORP              | ES        |    200000 | NS      | $810000.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Severn Trent PLC               | Severn Trent PLC                                    | CUSIP: 000000000<br>LEI: 213800RPBXRETY4A4C59 | Long             | EC               | CORP              | GB        |    400000 | NS      | $15037730.20  | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Ollamani SAB                   | Ollamani SAB                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |     30000 | NS      | $128279.88    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Comcast Corp                   | Comcast Corp                                        | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |      6500 | NS      | $194285.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Cheniere Energy Inc            | Cheniere Energy Inc                                 | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |      5700 | NS      | $1108023.00   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| RPC Inc                        | RPC Inc                                             | CUSIP: 749660106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19000 | NS      | $103360.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Hawaiian Electric Industries I | Hawaiian Electric Industries Inc                    | CUSIP: 419870100<br>LEI: JJ8FWOCWCV22X7GUPJ23 | Long             | EC               | CORP              | US        |    258000 | NS      | $3173400.00   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Resideo Technologies Inc       | Resideo Technologies Inc                            | CUSIP: 76118Y104<br>LEI: 5493006TKFPYISY2DS54 | Long             | EC               | CORP              | US        |      1130 | NS      | $39685.60     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SMARTONE TELE                  | SmarTone Telecommunications Holdings Ltd            | CUSIP: 000000000<br>LEI: 529900CT7EGMVQRYNQ45 | Long             | EC               | CORP              | HK        |       400 | NS      | $241.56       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| EchoStar Corp                  | EchoStar Corp                                       | CUSIP: 278768106<br>LEI: 549300EE20907QZ9GT38 | Long             | EC               | CORP              | US        |      4000 | NS      | $434800.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Consolidated Edison Inc        | Consolidated Edison Inc                             | CUSIP: 209115104<br>LEI: 54930033SBW53OO8T749 | Long             | EC               | CORP              | US        |     28800 | NS      | $2860416.00   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Acciona SA                     | Acciona SA                                          | CUSIP: 000000000<br>LEI: 54930002KP75TLLLNO21 | Long             | EC               | CORP              | ES        |     10000 | NS      | $2184696.80   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Exelon Corp                    | Exelon Corp                                         | CUSIP: 30161N101<br>LEI: 3SOUA6IRML7435B56G12 | Long             | EC               | CORP              | US        |    314250 | NS      | $13698157.50  | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Cameco Corp                    | Cameco Corp                                         | CUSIP: 13321L108<br>LEI: N4BHALMXL3GMZKCUON55 | Long             | EC               | CORP              | CA        |    257750 | NS      | $23581547.50  | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Vulcan Materials Co            | Vulcan Materials Co                                 | CUSIP: 929160109<br>LEI: 549300Q8LSNHAVWBNI21 | Long             | EC               | CORP              | US        |     12700 | NS      | $3622294.00   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Eurotelesites AG               | Eurotelesites AG                                    | CUSIP: 000000000<br>LEI: 5299007TJV9W1OY91Y28 | Long             | EC               | CORP              | AT        |    250000 | NS      | $1345604.00   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| First Solar Inc                | First Solar Inc                                     | CUSIP: 336433107<br>LEI: 549300NPYMLM4NHTOF27 | Long             | EC               | CORP              | US        |      1000 | NS      | $261230.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Sunrise Communications AG      | Sunrise Communications AG                           | CUSIP: 000000000<br>LEI: 213800RS9HRGTWOGCO08 | Long             | EC               | CORP              | CH        |     93000 | NS      | $4980507.51   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Veolia Environnement SA        | Veolia Environnement SA                             | CUSIP: 000000000<br>LEI: 969500LENY69X51OOT31 | Long             | EC               | CORP              | FR        |     75000 | NS      | $2619520.80   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Emera Inc                      | Emera Inc                                           | CUSIP: 290876101<br>LEI: NQZVQT2P5IUF2PGA1Q48 | Long             | EC               | CORP              | CA        |    204500 | NS      | $10077869.66  | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Latin America Ltd      | Liberty Latin America Ltd                           | CUSIP: 000000000<br>LEI: 213800YWQHEAX7CAVO83 | Long             | EC               | CORP              | US        |     60000 | NS      | $447600.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Southwest Gas Holdings Inc     | Southwest Gas Holdings Inc                          | CUSIP: 844895102<br>LEI: 254900LKF9EV0CUKNE09 | Long             | EC               | CORP              | US        |    642200 | NS      | $51388844.00  | 3.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Alliance Resource Partners LP  | Alliance Resource Partners LP                       | CUSIP: 01877R108<br>LEI: 529900T4Q5UPWOUFG783 | Long             | EC               | CORP              | US        |     18000 | NS      | $418140.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Telesat Corp                   | Telesat Corp                                        | CUSIP: 879512309<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |    100000 | NS      | $2910000.00   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Enel SpA                       | Enel SpA                                            | CUSIP: 000000000<br>LEI: WOCMU6HCI0OJWNPRZS33 | Long             | EC               | CORP              | IT        |    290000 | NS      | $3025352.62   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp                   | Chevron Corp                                        | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     52500 | NS      | $8001525.00   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Bouygues SA                    | Bouygues SA                                         | CUSIP: 000000000<br>LEI: 969500MOCLNQFNZN0D63 | Long             | EC               | CORP              | FR        |     50000 | NS      | $2606006.00   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| TIM SA/Brazil                  | TIM SA/Brazil                                       | CUSIP: 88706T108<br>LEI: 529900QI0CH1DN5ZCS77 | Long             | EC               | CORP              | BR        |     34000 | NS      | $661300.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| National Grid PLC              | National Grid PLC                                   | CUSIP: 000000000<br>LEI: 8R95QZMKZLJX5Q2XR704 | Long             | EC               | CORP              | GB        |    183124 | NS      | $2817701.38   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Innovex International Inc      | Innovex International Inc                           | CUSIP: 457651107<br>LEI: 5299007REICYIJNMW197 | Long             | EC               | CORP              | US        |     91000 | NS      | $1990170.00   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Allient Inc                    | Allient Inc                                         | CUSIP: 019330109<br>LEI: 549300I2LHAWYGNBPM97 | Long             | EC               | CORP              | US        |     13500 | NS      | $725625.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| New Jersey Resources Corp      | New Jersey Resources Corp                           | CUSIP: 646025106<br>LEI: 549300QKBSQBIX4DQ583 | Long             | EC               | CORP              | US        |     14000 | NS      | $645680.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Herc Holdings Inc              | Herc Holdings Inc                                   | CUSIP: 42704L104<br>LEI: 549300TP80QLITMSBP82 | Long             | EC               | CORP              | US        |       500 | NS      | $74190.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Venture Global Inc             | Venture Global Inc                                  | CUSIP: 92333F101<br>LEI: 2549007XC91CAB3E0N98 | Long             | EC               | CORP              | US        |     30000 | NS      | $204600.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Ormat Technologies Inc         | Ormat Technologies Inc                              | CUSIP: 686688102<br>LEI: 5493000TSHHWY24VHM09 | Long             | EC               | CORP              | US        |     65000 | NS      | $7180550.00   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Hokkaido Electric Power Co Inc | Hokkaido Electric Power Co Inc                      | CUSIP: 000000000<br>LEI: 353800XDXIIZDHUO0J51 | Long             | EC               | CORP              | JP        |     18000 | NS      | $120773.75    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Products and Chemicals Inc | Air Products and Chemicals Inc                      | CUSIP: 009158106<br>LEI: 7QEON6Y1RL5XR3R1W237 | Long             | EC               | CORP              | US        |      1500 | NS      | $370530.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Consolidated Water Co Ltd      | Consolidated Water Co Ltd                           | CUSIP: 000000000<br>LEI: 5299001BMEW8X9VIJA73 | Long             | EC               | CORP              | KY        |      7997 | NS      | $282214.13    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Iberdrola SA                   | Iberdrola SA                                        | CUSIP: 000000000<br>LEI: 5QK37QC7NWOJ8D7WVQ45 | Long             | EC               | CORP              | ES        |    215000 | NS      | $4665514.62   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson Controls International | Johnson Controls International plc                  | CUSIP: 000000000<br>LEI: 549300XQ6S1GYKGBL205 | Long             | EC               | CORP              | US        |     20000 | NS      | $2395000.00   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Anterix Inc                    | Anterix Inc                                         | CUSIP: 03676C100<br>LEI: 549300QIX2QHFGIEQG40 | Long             | EC               | CORP              | US        |     31000 | NS      | $676730.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Latin America Ltd      | Liberty Latin America Ltd                           | CUSIP: 000000000<br>LEI: 213800YWQHEAX7CAVO83 | Long             | EC               | CORP              | US        |    240005 | NS      | $1773636.95   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill                         | CUSIP: 912797PV3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3235000 | PA      | $3211004.74   | 0.20%             | 2026-03-19      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Halliburton Co                 | Halliburton Co                                      | CUSIP: 406216101<br>LEI: ENYF8GB5SMQZ25S06U51 | Long             | EC               | CORP              | US        |     18000 | NS      | $508680.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Pinnacle West Capital Corp     | Pinnacle West Capital Corp                          | CUSIP: 723484101<br>LEI: TWSEY0NEDUDCKS27AH81 | Long             | EC               | CORP              | US        |    305500 | NS      | $27097850.00  | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Park-Ohio Holdings Corp        | Park-Ohio Holdings Corp                             | CUSIP: 700666100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     29500 | NS      | $617730.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Northwest Natural Holding Co   | Northwest Natural Holding Co                        | CUSIP: 66765N105<br>LEI: 254900PSJL6ZEC8FR782 | Long             | EC               | CORP              | US        |    424000 | NS      | $19817760.00  | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Black Hills Corp               | Black Hills Corp                                    | CUSIP: 092113109<br>LEI: 3MGELCRSTNSAMJ962671 | Long             | EC               | CORP              | US        |    421000 | NS      | $29225820.00  | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| SLB Ltd                        | SLB Ltd                                             | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | US        |     26910 | NS      | $1032805.80   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| HUTCHTEL HK                    | Hutchison Telecommunications Hong Kong Holdings Ltd | CUSIP: 000000000<br>LEI: 254900ZIRESZ56ME6215 | Long             | EC               | CORP              | HK        |       200 | NS      | $29.81        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Talen Energy Corp              | Talen Energy Corp                                   | CUSIP: 87422Q109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       100 | NS      | $37484.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ONEOK Inc                      | ONEOK Inc                                           | CUSIP: 682680103<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | EC               | CORP              | US        |    468500 | NS      | $34434750.00  | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Graham Corp                    | Graham Corp                                         | CUSIP: 384556106<br>LEI: 254900EI9P4LTY524J77 | Long             | EC               | CORP              | US        |      5400 | NS      | $346842.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| H2O America                    | H2O America                                         | CUSIP: 784305104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     85255 | NS      | $4176642.45   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| ITT Inc                        | ITT Inc                                             | CUSIP: 45073V108<br>LEI: 549300KDSERHTJOXUS80 | Long             | EC               | CORP              | US        |     40580 | NS      | $7041035.80   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-27

**Name of Applicant:** Gabelli Utilities Fund

**Signature:** John C. Ball

**Name of Signer:** John C. Ball

**Title:** Treasurer