# EDGAR Filing Document

**Accession Number:** 0001087966
**File Stem:** 0000940400-26-022945
**Filing Date:** 2026-6
**Character Count:** 85619
**Document Hash:** 51f00d90c63bb34f1561a32fc19f4fd9
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-022945.hdr.sgml**: 20260601

**ACCESSION NUMBER**: 0000940400-26-022945

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260601

**DATE AS OF CHANGE**: 20260601

**PERIOD START**: 20261231

**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:** 261048650

**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:** 2026-12-31

- **b. Date as of which information is reported:** 2026-03-31

**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:** $1773710620.10

**Total Liabilities:** $2265512.15

**Net Assets:** $1771445107.95

**Cash Not Reported:** $22016.81

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000002898 | 5.16%                | 7.47%                | -2.51%               |
| Class ID C000002899 | 4.96%                | 7.60%                | -2.62%               |
| Class ID C000239633 | 5.00%                | 7.32%                | -2.51%               |
| Class ID C000034315 | 4.99%                | 7.56%                | -2.57%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $6490493.45              | $74605975.28                               |
| Month 2  | $10783102.28             | $112194537.77                              |
| Month 3  | $5073873.67              | $-53722959.82                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| MDU RESOURCES GROUP INC                             | MDU Resources Group, Inc. COM                            | CUSIP: 552690109<br>LEI: 549300MA0UV6AI6SNV27 | Long             | EC               | CORP              | US        |     93000 | NS      | $1926960.00   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Keysight Technologies, Inc.                         | Keysight Technologies, Inc. COM                          | CUSIP: 49338L103<br>LEI: 549300GLKVIO8YRCYN02 | Long             | EC               | CORP              | US        |      1500 | NS      | $423555.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinder Morgan, Inc.                                 | Kinder Morgan, Inc. COM                                  | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               | CORP              | US        |    141000 | NS      | $4727730.00   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| ITT Inc                                             | ITT Inc COM                                              | CUSIP: 45073V108<br>LEI: 549300KDSERHTJOXUS80 | Long             | EC               | CORP              | US        |     37080 | NS      | $7064852.40   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Bills                        | B 0 05/21/26                                             | CUSIP: 912797SV0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5645000 | PA      | $5616608.42   | 0.32%             | 2026-05-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| DTE Energy Co.                                      | DTE Energy Co. COM                                       | CUSIP: 233331107<br>LEI: 549300IX8SD6XXD71I78 | Long             | EC               | CORP              | US        |     17200 | NS      | $2514984.00   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Mueller Water Products, Inc.                        | Mueller Water Products, Inc. COM SER A                   | CUSIP: 624758108<br>LEI: 549300F7ZU4P1F8V8L60 | Long             | EC               | CORP              | US        |    199000 | NS      | $5470510.00   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Mueller Industries Inc.                             | Mueller Industries Inc. COM                              | CUSIP: 624756102<br>LEI: 5493005IZFE4VJLLYG84 | Long             | EC               | CORP              | US        |    114800 | NS      | $12719840.00  | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Kansai Electric Power Co Inc                        | Kansai Electric Power Co Inc NPV                         | CUSIP: 000000000<br>LEI: 353800PFUKP5ONPJNZ86 | Long             | EC               | CORP              | JP        |    300000 | NS      | $4885479.35   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| CNX Resources Corporation                           | CNX Resources Corporation COM                            | CUSIP: 12653C108<br>LEI: 549300JK3KH8PWM3B226 | Long             | EC               | CORP              | US        |     33000 | NS      | $1272150.00   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Tetra Tech Inc                                      | Tetra Tech Inc COM                                       | CUSIP: 88162G103<br>LEI: 549300UJ1LP7JGJC5P32 | Long             | EC               | CORP              | US        |      2000 | NS      | $60240.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| OTTER TAIL CORP                                     | Otter Tail Corporation COM                               | CUSIP: 689648103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    391600 | NS      | $34370732.00  | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Alstom SA                                           | Alstom SA EUR7.00                                        | CUSIP: 000000000<br>LEI: 96950032TUYMW11FB530 | Long             | EC               | CORP              | FR        |       210 | NS      | $5888.59      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Hokkaido Electric Power Co Inc                      | Hokkaido Electric Power Co Inc NPV                       | CUSIP: 000000000<br>LEI: 353800XDXIIZDHUO0J51 | Long             | EC               | CORP              | JP        |     18000 | NS      | $119769.38    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Gorman-Rupp Co                                      | Gorman-Rupp Co COM                                       | CUSIP: 383082104<br>LEI: 254900WVLPOIWPGJPA07 | Long             | EC               | CORP              | US        |     39500 | NS      | $2454135.00   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Algonquin Power & Utilities Corporation             | Algonquin Power & Utilities Corporation COM              | CUSIP: 015857105<br>LEI: 549300K5VIUTJXQL7X75 | Long             | EC               | CORP              | CA        |    850000 | NS      | $5219000.00   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| TBS HOLDINGS INC                                    | TBS Holdings Inc. NPV                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     38000 | NS      | $1338697.58   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Iberdrola, S.A.                                     | Iberdrola, S.A. EUR0.75                                  | CUSIP: 000000000<br>LEI: 5QK37QC7NWOJ8D7WVQ45 | Long             | EC               | CORP              | ES        |    213000 | NS      | $4861141.01   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Tohoku Electric Power Co Inc                        | Tohoku Electric Power Co Inc NPV                         | CUSIP: 000000000<br>LEI: 353800KTF7EYIIYHY088 | Long             | EC               | CORP              | JP        |     89000 | NS      | $656123.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| LIBERTY GLOBAL LTD                                  | Liberty Global Ltd. COM CL A                             | CUSIP: 000000000<br>LEI: 213800HRMKKTYH7SKA24 | Long             | EC               | CORP              | BM        |    260000 | NS      | $3143400.00   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Avista Corporation                                  | Avista Corporation COM                                   | CUSIP: 05379B107<br>LEI: Q0IK63NITJD6RJ47SW96 | Long             | EC               | CORP              | US        |    300800 | NS      | $12074112.00  | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| MGE ENERGY INC                                      | MGE Energy Inc. COM                                      | CUSIP: 55277P104<br>LEI: 549300BYWGHSXX2TEO67 | Long             | EC               | CORP              | US        |    185500 | NS      | $14337295.00  | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Operadora de Sites Mexicanos SA de CV               | Operadora de Sites Mexicanos SA de CV COM NPV A-1        | CUSIP: 000000000<br>LEI: 4469000001BRCBO8VP14 | Long             | EC               | CORP              | MX        |     70000 | NS      | $67059.09     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| TXNM Energy Inc.                                    | TXNM Energy Inc. COM                                     | CUSIP: 69349H107<br>LEI: 5493003JOBJGLZSDDQ28 | Long             | EC               | CORP              | US        |    204523 | NS      | $11956414.58  | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Eversource Energy                                   | Eversource Energy COM                                    | CUSIP: 30040W108<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | EC               | CORP              | US        |    610750 | NS      | $42312760.00  | 2.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Bouygues SA                                         | Bouygues SA EUR1                                         | CUSIP: 000000000<br>LEI: 969500MOCLNQFNZN0D63 | Long             | EC               | CORP              | FR        |     50000 | NS      | $2855527.43   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Occidental Petroleum Corp.                          | Occidental Petroleum Corp. COM                           | CUSIP: 674599105<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | EC               | CORP              | US        |       750 | NS      | $48750.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| EQT Corporation                                     | EQT Corporation COM                                      | CUSIP: 26884L109<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | EC               | CORP              | US        |      1600 | NS      | $101824.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| WASTE CONNECTIONS INC                               | Waste Connections Inc. COM                               | CUSIP: 94106B101<br>LEI: 549300HDLRTPBQU69P29 | Long             | EC               | CORP              | CA        |      2000 | NS      | $324880.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Altaba Inc Escrow                                   | Altaba Inc Escrow                                        | CUSIP: 021ESC017<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     40000 | NS      | $54000.00     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury Bills                        | B 0 06/25/26                                             | CUSIP: 912797TE7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4030000 | PA      | $3995903.58   | 0.23%             | 2026-06-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BCE Inc.                                            | BCE Inc. COM NEW                                         | CUSIP: 05534B760<br>LEI: 5493001I9203PRB5KR45 | Long             | EC               | CORP              | CA        |    476000 | NS      | $12014240.00  | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Products & Chemicals, Inc.                      | Air Products & Chemicals, Inc. COM                       | CUSIP: 009158106<br>LEI: 7QEON6Y1RL5XR3R1W237 | Long             | EC               | CORP              | US        |      1500 | NS      | $435735.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Bills                        | B 0 06/11/26                                             | CUSIP: 912797QX8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5390000 | PA      | $5351773.53   | 0.30%             | 2026-06-11      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Tele2 AB (publ)                                     | Tele2 AB (publ) SER'B'NPV                                | CUSIP: 000000000<br>LEI: 213800EKD193RVI9HL76 | Long             | EC               | CORP              | SE        |     20000 | NS      | $411127.48    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Devon Energy Corporation                            | Devon Energy Corporation COM                             | CUSIP: 25179M103<br>LEI: 54930042348RKR3ZPN35 | Long             | EC               | CORP              | US        |     37000 | NS      | $1861840.00   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Resideo Technologies Inc                            | Resideo Technologies Inc COM                             | CUSIP: 76118Y104<br>LEI: 5493006TKFPYISY2DS54 | Long             | EC               | CORP              | US        |      1130 | NS      | $38092.30     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Enel S.p.A.                                         | Enel S.p.A. EUR1                                         | CUSIP: 000000000<br>LEI: WOCMU6HCI0OJWNPRZS33 | Long             | EC               | CORP              | IT        |    290000 | NS      | $3142467.19   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Hawaiian Electric Industries, Inc.                  | Hawaiian Electric Industries, Inc. COM                   | CUSIP: 419870100<br>LEI: JJ8FWOCWCV22X7GUPJ23 | Long             | EC               | CORP              | US        |    257200 | NS      | $3816848.00   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Veolia Environnement S.A.                           | Veolia Environnement S.A. EUR5                           | CUSIP: 000000000<br>LEI: 969500LENY69X51OOT31 | Long             | EC               | CORP              | FR        |     75000 | NS      | $2831254.58   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Landis & Gyr Group AG                               | Landis & Gyr Group AG CHF10 (REGD)                       | CUSIP: 000000000<br>LEI: 529900PZYVAKCYSLFL19 | Long             | EC               | CORP              | CH        |     11800 | NS      | $745247.62    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Telefonica SA                                       | Telefonica SA                                            | CUSIP: 879382208<br>LEI: 549300EEJH4FEPDBBR25 | Long             | EC               | CORP              | ES        |    200000 | NS      | $868000.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| RGC Resources Inc                                   | RGC Resources Inc COM                                    | CUSIP: 74955L103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    115000 | NS      | $2535750.00   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Energy Corp.                          | Constellation Energy Corp. COM                           | CUSIP: 21037T109<br>LEI: 549300F8Y20RYGNGV346 | Long             | EC               | CORP              | US        |     57167 | NS      | $15963884.75  | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| SMARTONE TELECOMMUNICATIONS HOLDINGS LTD            | SmarTone Telecommunications Holdings Limited ORD HKD0.10 | CUSIP: 000000000<br>LEI: 529900CT7EGMVQRYNQ45 | Long             | EC               | CORP              | BM        |       400 | NS      | $260.16       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| TELESAT CORP                                        | Telesat Corp. CL A & CL B SHS                            | CUSIP: 879512309<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |    100000 | NS      | $3620000.00   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Belden Inc.                                         | Belden Inc. COM                                          | CUSIP: 077454106<br>LEI: 68BKYO1JC791TTJHUE82 | Long             | EC               | CORP              | US        |       700 | NS      | $80381.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| GCI LIBERTY INC                                     | GCI Liberty Inc. COM SER A                               | CUSIP: 36164V602<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       500 | NS      | $18425.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Freeport-McMoRan Inc.                               | Freeport-McMoRan Inc. CL B                               | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |     53000 | NS      | $3115340.00   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Shikoku Electric Power Co Inc.                      | Shikoku Electric Power Co Inc. NPV                       | CUSIP: 000000000<br>LEI: 353800KWK6U7ZCIWXS64 | Long             | EC               | CORP              | JP        |     29000 | NS      | $319410.23    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| National Grid PLC                                   | National Grid PLC SPONSORED ADR NE                       | CUSIP: 636274409<br>LEI: 8R95QZMKZLJX5Q2XR704 | Long             | EC               | CORP              | GB        |     32200 | NS      | $2724120.00   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| California Water Service Group                      | California Water Service Group COM                       | CUSIP: 130788102<br>LEI: 529900QABDOBU6UVRQ36 | Long             | EC               | CORP              | US        |      5000 | NS      | $226700.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Telefonica Brasil S.A                               | Telefonica Brasil S.A SPONSORED ADS                      | CUSIP: 87936R205<br>LEI: 529900MTGG2HSDBIWG79 | Long             | EC               | CORP              | BR        |    125000 | NS      | $1988750.00   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| LIBERTY GLOBAL LTD                                  | Liberty Global Ltd. COM CL C                             | CUSIP: 000000000<br>LEI: 213800HRMKKTYH7SKA24 | Long             | EC               | CORP              | BM        |    242000 | NS      | $2838660.00   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| RWE AG                                              | RWE AG NPV                                               | CUSIP: 000000000<br>LEI: 529900GB7KCA94ACC940 | Long             | EC               | CORP              | DE        |      8000 | NS      | $533355.42    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Latin America Ltd                           | Liberty Latin America Ltd COM USD0.01 CL C               | CUSIP: 000000000<br>LEI: 213800YWQHEAX7CAVO83 | Long             | EC               | CORP              | BM        |     60000 | NS      | $529200.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinor ASA                                         | Equinor ASA NOK2.50                                      | CUSIP: 000000000<br>LEI: OW6OFBNCKXC4US5C7523 | Long             | EC               | CORP              | NO        |     75000 | NS      | $3256255.87   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Chart Industries Inc                                | Chart Industries Inc COM                                 | CUSIP: 16115Q308<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | EC               | CORP              | US        |      3000 | NS      | $620250.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| TELEPHONE & DATA SYSTEMS INC                        | Telephone and Data Systems Inc. COM NEW                  | CUSIP: 879433829<br>LEI: 5299003YZW5BE2NNLO37 | Long             | EC               | CORP              | US        |    262000 | NS      | $11030200.00  | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern Co.                                        | Southern Co. COM                                         | CUSIP: 842587107<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EC               | CORP              | US        |    377850 | NS      | $36470082.00  | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Consolidated Edison, Inc.                           | Consolidated Edison, Inc. COM                            | CUSIP: 209115104<br>LEI: 54930033SBW53OO8T749 | Long             | EC               | CORP              | US        |     28800 | NS      | $3259584.00   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Northwest Natural Holding Company                   | Northwest Natural Holding Company COM                    | CUSIP: 66765N105<br>LEI: 254900PSJL6ZEC8FR782 | Long             | EC               | CORP              | US        |    424000 | NS      | $22565280.00  | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Venture Global Inc                                  | Venture Global Inc COM CL A                              | CUSIP: 92333F101<br>LEI: 2549007XC91CAB3E0N98 | Long             | EC               | CORP              | US        |     48000 | NS      | $756480.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Herc Holdings Inc                                   | Herc Holdings Inc COM                                    | CUSIP: 42704L104<br>LEI: 549300TP80QLITMSBP82 | Long             | EC               | CORP              | US        |      2000 | NS      | $199100.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Chugoku Electric Power Co Inc                       | Chugoku Electric Power Co Inc NPV                        | CUSIP: 000000000<br>LEI: 353800MV866ELME96Q46 | Long             | EC               | CORP              | JP        |     10000 | NS      | $62865.06     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Proximus S.A                                        | Proximus S.A NPV                                         | CUSIP: 000000000<br>LEI: 549300CWRXC5EP004533 | Long             | EC               | CORP              | BE        |     62000 | NS      | $501638.90    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| GCI LIBERTY INC                                     | GCI Liberty Inc. COM SER C                               | CUSIP: 36164V800<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1843 | NS      | $68578.03     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Roper Technologies Inc                              | Roper Technologies Inc COM                               | CUSIP: 776696106<br>LEI: 54930003T4SXCIWVXY35 | Long             | EC               | CORP              | US        |       300 | NS      | $106158.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Vulcan Materials Company                            | Vulcan Materials Company COM                             | CUSIP: 929160109<br>LEI: 549300Q8LSNHAVWBNI21 | Long             | EC               | CORP              | US        |     12200 | NS      | $3322060.00   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| America Movil S.A.B. de C.V.                        | America Movil S.A.B. de C.V. SPON ADS RP CL B            | CUSIP: 02390A101<br>LEI: 5493000FNR3UCEAONM59 | Long             | EC               | CORP              | MX        |     41500 | NS      | $1057420.00   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Tokyo Electric Power Company Holdings Inc.          | Tokyo Electric Power Company Holdings Inc. NPV           | CUSIP: 000000000<br>LEI: 5299004EMJ3R4RVR5Y75 | Long             | EC               | CORP              | JP        |     50000 | NS      | $201285.40    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Clear Channel Outdoor Holdings Inc.                 | Clear Channel Outdoor Holdings Inc. COM                  | CUSIP: 18453H106<br>LEI: 254900XBEE6V1ENYS150 | Long             | EC               | CORP              | US        |    435000 | NS      | $1030950.00   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Bills                        | B 0 05/14/26                                             | CUSIP: 912797QN0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2733000 | PA      | $2721143.89   | 0.15%             | 2026-05-14      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| American Water Works Company, Inc.                  | American Water Works Company, Inc. COM                   | CUSIP: 030420103<br>LEI: 549300DXHIJQMD5WFW18 | Long             | EC               | CORP              | US        |     97100 | NS      | $13214339.00  | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| MIDDLESEX WATER CO                                  | Middlesex Water Co. COM                                  | CUSIP: 596680108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7650 | NS      | $398182.50    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Clearway Energy Inc                                 | Clearway Energy Inc CL C                                 | CUSIP: 18539C204<br>LEI: 549300LHAZ9HA9G3XC48 | Long             | EC               | CORP              | US        |      9700 | NS      | $381113.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameren Corp.                                        | Ameren Corp. COM                                         | CUSIP: 023608102<br>LEI: XRZQ5S7HYJFPHJ78L959 | Long             | EC               | CORP              | US        |    448500 | NS      | $49299120.00  | 2.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Essential Utilities Inc                             | Essential Utilities Inc COM                              | CUSIP: 29670G102<br>LEI: 549300ILTEOF3E3QY357 | Long             | EC               | CORP              | US        |    439250 | NS      | $17688597.50  | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| NiSource Inc.                                       | NiSource Inc. COM                                        | CUSIP: 65473P105<br>LEI: 549300D8GOWWH0SJB189 | Long             | EC               | CORP              | US        |    260000 | NS      | $12131600.00  | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Alliance Resource Partners, L.P.                    | Alliance Resource Partners, L.P. UT LTD PART             | CUSIP: 01877R108<br>LEI: 529900T4Q5UPWOUFG783 | Long             | EC               | CORP              | US        |     18000 | NS      | $497700.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Essity AB                                           | Essity AB                                                | CUSIP: 000000000<br>LEI: 549300G8E6YUVJ1DA153 | Long             | EC               | CORP              | SE        |      8000 | NS      | $204929.94    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BROOKFIELD RENEWABLE CORP                           | Brookfield Renewable Corporation CL A EX SUB VTG         | CUSIP: 11285B108<br>LEI: 894500N9AWD5I1YNP231 | Long             | EC               | CORP              | CA        |     13000 | NS      | $517790.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Cogeco Inc                                          | Cogeco Inc SUB-VTG SHS NPV                               | CUSIP: 19238T100<br>LEI: 5493000KSZQCX0QM2V25 | Long             | EC               | CORP              | CA        |     75000 | NS      | $3737869.31   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| AZZ Inc                                             | AZZ Inc COM                                              | CUSIP: 002474104<br>LEI: 549300HD1X2NFLWPYC83 | Long             | EC               | CORP              | US        |     37800 | NS      | $4729914.00   | 0.27%             |  |  |  | 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      |
| National Fuel Gas Company                           | National Fuel Gas Company COM                            | CUSIP: 636180101<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | EC               | CORP              | US        |   1413000 | NS      | $132765480.00 | 7.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Foster(Lb)& Co                                      | Foster(Lb)& Co COM                                       | CUSIP: 350060109<br>LEI: 549300AUUJGJ2T2L2179 | Long             | EC               | CORP              | US        |      7500 | NS      | $209250.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| EDP SA                                              | EDP SA                                                   | CUSIP: 268353109<br>LEI: 529900CLC3WDMGI9VH80 | Long             | EC               | CORP              | US        |      5000 | NS      | $263350.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Arcosa Inc                                          | Arcosa Inc COM                                           | CUSIP: 039653100<br>LEI: 549300WFHLTCZV7D6V29 | Long             | EC               | CORP              | US        |      2200 | NS      | $233508.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| PARK-OHIO HOLDINGS CORP                             | Park Ohio Holdings Corp. COM                             | CUSIP: 700666100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     29500 | NS      | $709180.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Sunrise Communications AG                           | Sunrise Communications AG CHF0.1 A                       | CUSIP: 000000000<br>LEI: 213800RS9HRGTWOGCO08 | Long             | EC               | CORP              | CH        |     93000 | NS      | $5503701.85   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Valmont Industries, Inc.                            | Valmont Industries, Inc. COM                             | CUSIP: 920253101<br>LEI: 5493009ZGZJJ8F77JN08 | Long             | EC               | CORP              | US        |       500 | NS      | $199785.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| American Electric Power Co, Inc.                    | American Electric Power Co, Inc. COM                     | CUSIP: 025537101<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | EC               | CORP              | US        |    521000 | NS      | $68292680.00  | 3.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Black Hills Corporation                             | Black Hills Corporation COM                              | CUSIP: 092113109<br>LEI: 3MGELCRSTNSAMJ962671 | Long             | EC               | CORP              | US        |    420000 | NS      | $29152200.00  | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Swisscom AG                                         | Swisscom AG SPONSORED ADR                                | CUSIP: 871013108<br>LEI: 5493005SL9HHOXS3B739 | Long             | EC               | CORP              | CH        |     98200 | NS      | $8204610.00   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Flowserve Corporation                               | Flowserve Corporation COM                                | CUSIP: 34354P105<br>LEI: 6Y0GK87T6V7NJKZJVM41 | Long             | EC               | CORP              | US        |     80000 | NS      | $5880800.00   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Graham Corp                                         | Graham Corp COM                                          | CUSIP: 384556106<br>LEI: 254900EI9P4LTY524J77 | Long             | EC               | CORP              | US        |      4800 | NS      | $378816.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| H2O America                                         | H2O America COM                                          | CUSIP: 784305104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     86255 | NS      | $5060580.85   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Energy Transfer LP                                  | Energy Transfer LP COM UT LTD PTN                        | CUSIP: 29273V100<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | EC               | CORP              | US        |    469200 | NS      | $9055560.00   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Rogers Communications Inc.                          | Rogers Communications Inc. CL B                          | CUSIP: 775109200<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | EC               | CORP              | CA        |    100000 | NS      | $3845000.00   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Allient Inc                                         | Allient Inc COM                                          | CUSIP: 019330109<br>LEI: 549300I2LHAWYGNBPM97 | Long             | EC               | CORP              | US        |     13500 | NS      | $797715.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson Controls International PLC                  | Johnson Controls International PLC COM USD1.00           | CUSIP: 000000000<br>LEI: 549300XQ6S1GYKGBL205 | Long             | EC               | CORP              | IE        |     20000 | NS      | $2619000.00   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Twin Disc Inc                                       | Twin Disc Inc COM                                        | CUSIP: 901476101<br>LEI: 549300FR8EHCY14BLP32 | Long             | EC               | CORP              | US        |    112000 | NS      | $1687840.00   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Cogeco Communications Inc                           | Cogeco Communications Inc SUB VTG SHS                    | CUSIP: 19239C106<br>LEI: 549300XHH6LJM6IAXV57 | Long             | EC               | CORP              | CA        |     27500 | NS      | $1395658.11   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| HUTCHISON TELECOMMUNICATIONS HONG KONG HOLDINGS LTD | Hutchison Tel Hk H HKD0.25                               | CUSIP: 000000000<br>LEI: 254900ZIRESZ56ME6215 | Long             | EC               | CORP              | KY        |       200 | NS      | $29.84        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Fluence Energy Inc                                  | Fluence Energy Inc COM CL A                              | CUSIP: 34379V103<br>LEI: 25490043LHZ97BT5PP29 | Long             | EC               | CORP              | US        |     10000 | NS      | $137600.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Deutsche Telekom AG                                 | Deutsche Telekom AG SPONSORED ADS                        | CUSIP: 251566105<br>LEI: 549300V9QSIG4WX4GJ96 | Long             | EC               | CORP              | DE        |    453000 | NS      | $16797240.00  | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| KNIFE RIVER CORP                                    | Knife River Corp. COMMON STOCK                           | CUSIP: 498894104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7500 | NS      | $612375.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Dominion Energy Inc                                 | Dominion Energy Inc COM                                  | CUSIP: 25746U109<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | EC               | CORP              | US        |    363500 | NS      | $22471570.00  | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Kyushu Electric Power Co Inc                        | Kyushu Electric Power Co Inc NPV                         | CUSIP: 000000000<br>LEI: 549300BYNZPLKQVQH430 | Long             | EC               | CORP              | JP        |     50000 | NS      | $569610.28    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Spire Inc                                           | Spire Inc COM                                            | CUSIP: 84857L101<br>LEI: 549300NXSY15DRY2R511 | Long             | EC               | CORP              | US        |    106500 | NS      | $9642510.00   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Entergy Corporation                                 | Entergy Corporation COM                                  | CUSIP: 29364G103<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | EC               | CORP              | US        |     17600 | NS      | $1977536.00   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| TELUS CORP                                          | Telus Corp. COM NPV                                      | CUSIP: 87971M103<br>LEI: 894500TX134IMF6NW757 | Long             | EC               | CORP              | CA        |     10000 | NS      | $128531.38    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Endesa SA - Empresa Nacional Electricidad           | Endesa SA - Empresa Nacional Electricidad EUR1.2         | CUSIP: 000000000<br>LEI: 549300LHK07F2CHV4X31 | Long             | EC               | CORP              | ES        |    100000 | NS      | $4170306.80   | 0.24%             |  |  |  | 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      | $3498.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| PG&E Corporation                                    | PG&E Corporation COM                                     | CUSIP: 69331C108<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | EC               | CORP              | US        |    268500 | NS      | $4717545.00   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin Electric Co Inc                            | Franklin Electric Co Inc COM                             | CUSIP: 353514102<br>LEI: RR6AURIKMXUE4Q24G284 | Long             | EC               | CORP              | US        |      2000 | NS      | $184340.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Millicom International Cellular SA                  | Millicom International Cellular SA COM USD1.50           | CUSIP: 000000000<br>LEI: 549300CTHC1CP86P2G96 | Long             | EC               | CORP              | LU        |     33200 | NS      | $2488008.00   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Koninklijke KPN N.V.                                | Koninklijke KPN N.V. EUR0.04                             | CUSIP: 000000000<br>LEI: 549300YO0JZHAL7FVP81 | Long             | EC               | CORP              | NL        |   1448000 | NS      | $8038640.85   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinnevik AB                                         | Kinnevik AB                                              | CUSIP: 000000000<br>LEI: 2138006PZH76JOS6MN27 | Long             | EC               | CORP              | SE        |     45000 | NS      | $274754.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Tejon Ranch Co                                      | Tejon Ranch Co COM                                       | CUSIP: 879080109<br>LEI: 549300TMNDO77VJ6J111 | Long             | EC               | CORP              | US        |      3000 | NS      | $56520.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Everus Construction Group Inc.                      | Everus Construction Group Inc. COM                       | CUSIP: 300426103<br>LEI: 2549006JMMHR0KILT425 | Long             | EC               | CORP              | US        |     19250 | NS      | $2272655.00   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Broadband Corporation                       | Liberty Broadband Corporation COM SER A                  | CUSIP: 530307107<br>LEI: 549300MIX43II8JLN536 | Long             | EC               | CORP              | US        |      1300 | NS      | $65286.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Cheniere Energy Inc                                 | Cheniere Energy Inc COM NEW                              | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |      5500 | NS      | $1560680.00   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Singapore Telecommunications Ltd.                   | Singapore Telecommunications Ltd. NPV(BOARD LOT 100)     | CUSIP: 000000000<br>LEI: 2549003XJKIQO8YDYD89 | Long             | EC               | CORP              | SG        |   1400000 | NS      | $5379170.88   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Service Enterprise Group Incorporated        | Public Service Enterprise Group Incorporated COM         | CUSIP: 744573106<br>LEI: PUSS41EMO3E6XXNV3U28 | Long             | EC               | CORP              | US        |    176750 | NS      | $14307912.50  | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Telekom Austria AG                                  | Telekom Austria AG NPV(BR)                               | CUSIP: 000000000<br>LEI: 529900KCNFQU5OJH7L33 | Long             | EC               | CORP              | AT        |    980000 | NS      | $10319197.63  | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Duke Energy Corp                                    | Duke Energy Corp COM NEW                                 | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               | CORP              | US        |    240000 | NS      | $31425600.00  | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| RPC Inc                                             | RPC Inc COM                                              | CUSIP: 749660106<br>LEI: 549300ZDXAFBC3SB4918 | Long             | EC               | CORP              | US        |     19000 | NS      | $134520.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Chubu Electric Power Co Inc.                        | Chubu Electric Power Co Inc. NPV                         | CUSIP: 000000000<br>LEI: 529900A76GOP0PGNHT63 | Long             | EC               | CORP              | JP        |     36000 | NS      | $585690.43    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| NorthWestern Energy Group Inc                       | NorthWestern Energy Group Inc COM NEW                    | CUSIP: 668074305<br>LEI: 254900N1WG46G1VMDM34 | Long             | EC               | CORP              | US        |    424000 | NS      | $27958560.00  | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Prairiesky Royalty Ltd.                             | Prairiesky Royalty Ltd. COM NPV                          | CUSIP: 739721108<br>LEI: 529900AXG582AP7CV733 | Long             | EC               | CORP              | CA        |     40000 | NS      | $925885.99    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| PPL Corporation                                     | PPL Corporation COM                                      | CUSIP: 69351T106<br>LEI: 9N3UAJSNOUXFKQLF3V18 | Long             | EC               | CORP              | US        |    541000 | NS      | $20666200.00  | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Televisa S.A.B.                               | Grupo Televisa S.A.B. SPON ADR REP ORD                   | CUSIP: 40049J206<br>LEI: 549300O4AF0C816ILN62 | Long             | EC               | CORP              | MX        |    120000 | NS      | $349200.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Bills                        | B 0 05/28/26                                             | CUSIP: 912797SW8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3515000 | PA      | $3494842.07   | 0.20%             | 2026-05-28      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Korea Electric Power Corp.                          | Korea Electric Power Corp. SPONSORED ADR                 | CUSIP: 500631106<br>LEI: 988400QG33WS7JEIV602 | Long             | EC               | CORP              | KR        |    188000 | NS      | $2679000.00   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Cameco Corporation                                  | Cameco Corporation COM                                   | CUSIP: 13321L108<br>LEI: N4BHALMXL3GMZKCUON55 | Long             | EC               | CORP              | CA        |    256250 | NS      | $27831312.50  | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| E.ON SE                                             | E.ON SE NPV                                              | CUSIP: 000000000<br>LEI: Q9MAIUP40P25UFBFG033 | Long             | EC               | CORP              | DE        |     20000 | NS      | $438298.32    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Orange Belgium SA                                   | Orange Belgium SA                                        | CUSIP: 000000000<br>LEI: 5493007JS0ZHJVBUWP18 | Long             | EC               | CORP              | BE        |     17000 | NS      | $396918.89    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Tim S A                                             | Tim S A SPONSORED ADR                                    | CUSIP: 88706T108<br>LEI: 529900QI0CH1DN5ZCS77 | Long             | EC               | CORP              | BR        |     34000 | NS      | $900660.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Charter Communications, Inc.                        | Charter Communications, Inc. CL A                        | CUSIP: 16119P108<br>LEI: 0J0XRGZE3PBRFEZ7MV65 | Long             | EC               | CORP              | US        |     12700 | NS      | $2741676.00   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Snam S.p.A.                                         | Snam S.p.A. NPV                                          | CUSIP: 000000000<br>LEI: 8156002278562044AF79 | Long             | EC               | CORP              | IT        |      2000 | NS      | $15150.88     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Latin America Ltd                           | Liberty Latin America Ltd COM USD0.01 CL A               | CUSIP: 000000000<br>LEI: 213800YWQHEAX7CAVO83 | Long             | EC               | CORP              | BM        |    240005 | NS      | $2073643.20   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Evergy Inc                                          | Evergy Inc COM                                           | CUSIP: 30034W106<br>LEI: 549300PGTHDQY6PSUI61 | Long             | EC               | CORP              | US        |    788507 | NS      | $64594493.44  | 3.65%             |  |  |  | No            |                  1 | On Loan: No      |
| PLDT Inc                                            | PLDT Inc                                                 | CUSIP: 69344D408<br>LEI: 254900ADE8GQHM5P2648 | Long             | EC               | CORP              | US        |     20000 | NS      | $420800.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Wesco International, Inc.                           | Wesco International, Inc. COM                            | CUSIP: 95082P105<br>LEI: 529900TXOGREY3WNJ434 | Long             | EC               | CORP              | US        |       100 | NS      | $27362.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| FirstEnergy Corp.                                   | FirstEnergy Corp. COM                                    | CUSIP: 337932107<br>LEI: 549300SVYJS666PQJH88 | Long             | EC               | CORP              | US        |    300291 | NS      | $15212742.06  | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Italgas SpA                                         | Italgas SpA NPV                                          | CUSIP: 000000000<br>LEI: 815600F25FF44EF1FA76 | Long             | EC               | CORP              | IT        |     31250 | NS      | $362286.73    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| VEON LTD                                            | Veon Ltd. SPONSORED ADS                                  | CUSIP: 91822M502<br>LEI: 5493008CA3NMHYEVT131 | Long             | EC               | CORP              | BM        |     18100 | NS      | $838030.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Chesapeake Utilities Corporation                    | Chesapeake Utilities Corporation COM                     | CUSIP: 165303108<br>LEI: 254900WW0FDCKAOCKE74 | Long             | EC               | CORP              | US        |     30000 | NS      | $3791100.00   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Eos Energy Enterprises Inc.                         | Eos Energy Enterprises Inc. COM CL A                     | CUSIP: 29415C101<br>LEI: 529900UCCJMLRGDXVT41 | Long             | EC               | CORP              | US        |      5000 | NS      | $24800.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Exelon Corp.                                        | Exelon Corp. COM                                         | CUSIP: 30161N101<br>LEI: 3SOUA6IRML7435B56G12 | Long             | EC               | CORP              | US        |    314250 | NS      | $15404535.00  | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Secure Waste Infrastructure Corp.                   | Secure Waste Infrastructure Corp. COM                    | CUSIP: 813921103<br>LEI: 894500UQR7AONHFERA55 | Long             | EC               | CORP              | CA        |      5000 | NS      | $78463.09     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| The Timken Company                                  | The Timken Company COM                                   | CUSIP: 887389104<br>LEI: B0I35MLPFXZSE70ASS73 | Long             | EC               | CORP              | US        |       800 | NS      | $80456.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Oneok Inc.                                          | Oneok Inc. COM                                           | CUSIP: 682680103<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | EC               | CORP              | US        |    468500 | NS      | $42347715.00  | 2.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Portland General Electric Company                   | Portland General Electric Company COM NEW                | CUSIP: 736508847<br>LEI: GJOUP9M7C39GLSK9R870 | Long             | EC               | CORP              | US        |    131050 | NS      | $6915508.50   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Rolls-Royce Holdings PLC                            | Rolls-Royce Holdings PLC ORD GBP0.20                     | CUSIP: 000000000<br>LEI: 213800EC7997ZBLZJH69 | Long             | EC               | CORP              | GB        |    750000 | NS      | $11237364.00  | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Abiomed Inc                                         | Abiomed Inc USD0.01 SUBS RTS                             | CUSIP: 003CVR016<br>LEI: 5493001EZN4ZTB4Z5887 | Long             | EC               | CORP              | US        |     21000 | NS      | $33600.00     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Atmos Energy Corp.                                  | Atmos Energy Corp. COM                                   | CUSIP: 049560105<br>LEI: QVLWEGTD2S8GJMO8D383 | Long             | EC               | CORP              | US        |     65200 | NS      | $12043744.00  | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| BP PLC                                              | BP PLC SPONSORED ADR                                     | CUSIP: 055622104<br>LEI: 213800LH1BZH3DI6G760 | Long             | EC               | CORP              | GB        |     16000 | NS      | $752000.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Optimum Communications Inc.                         | Optimum Communications Inc. CL A                         | CUSIP: 02156K103<br>LEI: 54930064K3612MGCER95 | Long             | EC               | CORP              | US        |      3000 | NS      | $3900.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| YORK WATER COMPANY (THE)                            | The York Water Co. COM                                   | CUSIP: 987184108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     86043 | NS      | $2620009.35   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| TALEN ENERGY CORP                                   | Talen Energy Corporation COM                             | CUSIP: 87422Q109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       200 | NS      | $63846.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy Inc                                  | NextEra Energy Inc COM                                   | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |   1524000 | NS      | $141549120.00 | 7.99%             |  |  |  | No            |                  1 | On Loan: No      |
| SLB LTD                                             | SLB Ltd. COM STK                                         | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | CW        |     26910 | NS      | $1382904.90   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Sony Financial Group Inc.                           | Sony Financial Group Inc. UNSPONSERED ADS                | CUSIP: 83571B100<br>LEI: 353800O7BDSU41WOZA60 | Long             | EC               | CORP              | JP        |     78000 | NS      | $351780.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Ormat Technologies Inc.                             | Ormat Technologies Inc. COM                              | CUSIP: 686688102<br>LEI: 5493000TSHHWY24VHM09 | Long             | EC               | CORP              | US        |     65000 | NS      | $7274800.00   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| AES Corp.                                           | AES Corp. COM                                            | CUSIP: 00130H105<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | EC               | CORP              | US        |   2953000 | NS      | $41607770.00  | 2.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Array Digital Infrastructure Inc.                   | Array Digital Infrastructure Inc. COM                    | CUSIP: 911684108<br>LEI: 549300B164AZXESI6E03 | Long             | EC               | CORP              | US        |     85500 | NS      | $3944970.00   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Innovex International Inc.                          | Innovex International Inc. COM                           | CUSIP: 457651107<br>LEI: 5299007REICYIJNMW197 | Long             | EC               | CORP              | US        |     80000 | NS      | $1951200.00   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| First Solar Inc                                     | First Solar Inc COM                                      | CUSIP: 336433107<br>LEI: 549300NPYMLM4NHTOF27 | Long             | EC               | CORP              | US        |      1000 | NS      | $197260.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Idacorp Inc                                         | Idacorp Inc COM                                          | CUSIP: 451107106<br>LEI: N134NUJDWN8UEFA8B673 | Long             | EC               | CORP              | US        |     40550 | NS      | $5797433.50   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Enbridge Inc.                                       | Enbridge Inc. COM                                        | CUSIP: 29250N105<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | EC               | CORP              | CA        |    552500 | NS      | $29912350.00  | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| CMS Energy Corporation                              | CMS Energy Corporation COM                               | CUSIP: 125896100<br>LEI: 549300IA9XFBAGNIBW29 | Long             | EC               | CORP              | US        |     59373 | NS      | $4606157.34   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Consd Water Co                                      | Consd Water Co COM USD0.60                               | CUSIP: 000000000<br>LEI: 5299001BMEW8X9VIJA73 | Long             | EC               | CORP              | KY        |      7997 | NS      | $264860.64    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Pinnacle West Capital Corp.                         | Pinnacle West Capital Corp. COM                          | CUSIP: 723484101<br>LEI: TWSEY0NEDUDCKS27AH81 | Long             | EC               | CORP              | US        |    305500 | NS      | $30779125.00  | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Redeia Corporacion S.A.                             | Redeia Corporacion S.A. EUR0.5                           | CUSIP: 000000000<br>LEI: 5493009HMD0C90GUV498 | Long             | EC               | CORP              | ES        |    314500 | NS      | $5292775.85   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| ARTESIAN RESOURCES CORP                             | Artesian Resources Corp. CL A                            | CUSIP: 043113208<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5500 | NS      | $175175.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Severn Trent PLC                                    | Severn Trent PLC ORD GBP0.9789                           | CUSIP: 000000000<br>LEI: 213800RPBXRETY4A4C59 | Long             | EC               | CORP              | GB        |    394000 | NS      | $16114300.56  | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Vodafone Group PLC                                  | Vodafone Group PLC SPONSORED ADR                         | CUSIP: 92857W308<br>LEI: 213800TB53ELEUKM7Q61 | Long             | EC               | CORP              | GB        |     74000 | NS      | $1111480.00   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Astec Industries Inc.                               | Astec Industries Inc. COM                                | CUSIP: 046224101<br>LEI: 5493002DO2QKHLKB2A48 | Long             | EC               | CORP              | US        |     54000 | NS      | $2907360.00   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| American States Water Co.                           | American States Water Co. COM                            | CUSIP: 029899101<br>LEI: 529900L26LIS2V8PWM23 | Long             | EC               | CORP              | US        |      8500 | NS      | $642770.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Bills                        | B 0 06/04/26                                             | CUSIP: 912797SX6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7560000 | PA      | $7511464.80   | 0.42%             | 2026-06-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Huaneng Power International Inc.                    | Huaneng Power International Inc. 'H'SHS CNY1             | CUSIP: 000000000<br>LEI: 529900WU0SMVKMPG4V21 | Long             | EC               | CORP              | CN        |   6520000 | NS      | $4905881.75   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Anterix Inc.                                        | Anterix Inc. COM                                         | CUSIP: 03676C100<br>LEI: 549300QIX2QHFGIEQG40 | Long             | EC               | CORP              | US        |     31000 | NS      | $1183890.00   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Eurotelesites AG                                    | Eurotelesites AG                                         | CUSIP: 000000000<br>LEI: 5299007TJV9W1OY91Y28 | Long             | EC               | CORP              | AT        |    250000 | NS      | $1277214.25   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Tsumura & Co                                        | Tsumura & Co NPV                                         | CUSIP: 000000000<br>LEI: 3538005RS3M1OVJLC663 | Long             | EC               | CORP              | JP        |     12000 | NS      | $283242.49    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Alliant Energy Corporation                          | Alliant Energy Corporation COM                           | CUSIP: 018802108<br>LEI: 5493009ML300G373MZ12 | Long             | EC               | CORP              | US        |    171150 | NS      | $12281724.00  | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Xylem, Inc.                                         | Xylem, Inc. COM                                          | CUSIP: 98419M100<br>LEI: 549300DF5MV96DRYLQ48 | Long             | EC               | CORP              | US        |     66200 | NS      | $7910900.00   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Unitil Corp                                         | Unitil Corp COM                                          | CUSIP: 913259107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     49000 | NS      | $2559760.00   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| OGE Energy Corporation                              | OGE Energy Corporation COM                               | CUSIP: 670837103<br>LEI: CE5OG6JPOZMDSA0LAQ19 | Long             | EC               | CORP              | US        |    777500 | NS      | $37288900.00  | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| SK Telecom Co Ltd                                   | SK Telecom Co Ltd SPONSORED ADR                          | CUSIP: 78440P306<br>LEI: 9884003WEA1PHW006037 | Long             | EC               | CORP              | KR        |     68000 | NS      | $1991720.00   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| United Utilities Group PLC                          | United Utilities Group PLC                               | CUSIP: 91311E102<br>LEI: 2138002IEYQAOC88ZJ59 | Long             | EC               | CORP              | US        |     54000 | NS      | $1891080.00   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| APA Corp.                                           | APA Corp. COM                                            | CUSIP: 03743Q108<br>LEI: 549300VCIWLRHYVSHC79 | Long             | EC               | CORP              | US        |     33800 | NS      | $1434472.00   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| XPLR Infrastructure LP                              | XPLR Infrastructure LP COM UNIT PART IN                  | CUSIP: 65341B106<br>LEI: 5493008F4ZOQFNG3WN54 | Long             | EC               | CORP              | US        |     83500 | NS      | $886770.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Badger Meter Inc                                    | Badger Meter Inc COM                                     | CUSIP: 056525108<br>LEI: 5493002JENE20OGTUG20 | Long             | EC               | CORP              | US        |       500 | NS      | $76175.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Comcast Corporation                                 | Comcast Corporation CL A                                 | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |      6500 | NS      | $186615.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| New Jersey Resources Corp.                          | New Jersey Resources Corp. COM                           | CUSIP: 646025106<br>LEI: 549300QKBSQBIX4DQ583 | Long             | EC               | CORP              | US        |     14000 | NS      | $768880.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Acciona SA                                          | Acciona SA EUR1                                          | CUSIP: 000000000<br>LEI: 54930002KP75TLLLNO21 | Long             | EC               | CORP              | ES        |     10000 | NS      | $2575233.80   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Oceaneering International, Inc.                     | Oceaneering International, Inc. COM                      | CUSIP: 675232102<br>LEI: 549300L6PH74701W0R30 | Long             | EC               | CORP              | US        |      6970 | NS      | $247225.90    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Bills                        | B 0 06/18/26                                             | CUSIP: 912797TD9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7255000 | PA      | $7198568.22   | 0.41%             | 2026-06-18      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Diamondback Energy Inc                              | Diamondback Energy Inc COM                               | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        |      3200 | NS      | $632928.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortis Inc                                          | Fortis Inc COM NPV                                       | CUSIP: 349553107<br>LEI: 549300MQYQ9Y065XPR71 | Long             | EC               | CORP              | CA        |    150000 | NS      | $8368557.26   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Halliburton Company                                 | Halliburton Company COM                                  | CUSIP: 406216101<br>LEI: ENYF8GB5SMQZ25S06U51 | Long             | EC               | CORP              | US        |     18000 | NS      | $701820.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Sempra                                              | Sempra COM                                               | CUSIP: 816851109<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | EC               | CORP              | US        |     14400 | NS      | $1399248.00   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| EchoStar Corp.                                      | EchoStar Corp. CL A                                      | CUSIP: 278768106<br>LEI: 549300EE20907QZ9GT38 | Long             | EC               | CORP              | US        |      4000 | NS      | $468280.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Sony Group Corp.                                    | Sony Group Corp. SPONSORED ADR                           | CUSIP: 835699307<br>LEI: 529900R5WX9N2OI2N910 | Long             | EC               | CORP              | JP        |    320000 | NS      | $6624000.00   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Turkcell Iletisim Hizmetleri AS                     | Turkcell Iletisim Hizmetleri AS SPON ADR NEW             | CUSIP: 900111204<br>LEI: 7890003EX1LTLS2FFL84 | Long             | EC               | CORP              | TR        |    267500 | NS      | $1613025.00   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| UGI Corp                                            | UGI Corp COM                                             | CUSIP: 902681105<br>LEI: DX6GCWD4Q1JO9CRE5I40 | Long             | EC               | CORP              | US        |    367000 | NS      | $13366140.00  | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Broadband Corporation                       | Liberty Broadband Corporation COM SER C                  | CUSIP: 530307305<br>LEI: 549300MIX43II8JLN536 | Long             | EC               | CORP              | US        |      7000 | NS      | $352100.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Southwest Gas Holdings Inc                          | Southwest Gas Holdings Inc COM                           | CUSIP: 844895102<br>LEI: 254900LKF9EV0CUKNE09 | Long             | EC               | CORP              | US        |    604000 | NS      | $52487600.00  | 2.96%             |  |  |  | No            |                  1 | On Loan: No      |
| EOG Resources Inc.                                  | EOG Resources Inc. COM                                   | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |      3500 | NS      | $505995.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Emera Inc                                           | Emera Inc COM NPV                                        | CUSIP: 290876101<br>LEI: NQZVQT2P5IUF2PGA1Q48 | Long             | EC               | CORP              | CA        |    204500 | NS      | $10600600.24  | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Matthews International Corp                         | Matthews International Corp CL A                         | CUSIP: 577128101<br>LEI: 549300ZVC5O0ATML6U61 | Long             | EC               | CORP              | US        |      3700 | NS      | $95534.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Edison International                                | Edison International COM                                 | CUSIP: 281020107<br>LEI: 549300I7ROF15MAEVP56 | Long             | EC               | CORP              | US        |    177000 | NS      | $12952860.00  | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Enagas SA                                           | Enagas SA EUR1.50                                        | CUSIP: 000000000<br>LEI: 213800OU3FQKGM4M2U23 | Long             | EC               | CORP              | ES        |     34500 | NS      | $683488.78    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| VERSANT MEDIA GROUP INC                             | Versant Media Group Inc. COM CL A                        | CUSIP: 925283103<br>LEI: 254900D2Q5F5F229PU30 | Long             | EC               | CORP              | US        |     16000 | NS      | $592320.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| CHEVRON CORP                                        | Chevron Corp. COM                                        | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     51200 | NS      | $10593280.00  | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Ollamani SAB                                        | Ollamani SAB CPO                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | MX        |     30000 | NS      | $122607.82    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Xcel Energy Inc                                     | Xcel Energy Inc COM                                      | CUSIP: 98389B100<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | EC               | CORP              | US        |    382516 | NS      | $30387071.04  | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Hera SpA                                            | Hera SpA EUR1                                            | CUSIP: 000000000<br>LEI: 8156009414FD99443B48 | Long             | EC               | CORP              | IT        |    550000 | NS      | $2525069.91   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Pharol SGPS SA                                      | Pharol SGPS SA                                           | CUSIP: 000000000<br>LEI: 549300JNP3LA8FWLU630 | Long             | EC               | CORP              | PT        |    225000 | NS      | $19296.92     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| NTT Inc.                                            | NTT Inc. NPV                                             | CUSIP: 000000000<br>LEI: 353800VHQU5VIXVUA841 | Long             | EC               | CORP              | JP        |  12935000 | NS      | $12812337.36  | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| ONE Gas, Inc.                                       | ONE Gas, Inc. COM                                        | CUSIP: 68235P108<br>LEI: 549300HXDWI0LATTX840 | Long             | EC               | CORP              | US        |    148000 | NS      | $12747240.00  | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| WEC Energy Group Inc.                               | WEC Energy Group Inc. COM                                | CUSIP: 92939U106<br>LEI: 549300IGLYTZUK3PVP70 | Long             | EC               | CORP              | US        |    462600 | NS      | $53555202.00  | 3.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Centerpoint Energy Inc                              | Centerpoint Energy Inc COM                               | CUSIP: 15189T107<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | EC               | CORP              | US        |    114000 | NS      | $4920240.00   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| GATX Corporation                                    | GATX Corporation COM                                     | CUSIP: 361448103<br>LEI: 549300IHYHCQP2PIR591 | Long             | EC               | CORP              | US        |     76000 | NS      | $12976240.00  | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| National Grid PLC                                   | National Grid PLC ORD GBP0.12431289                      | CUSIP: 000000000<br>LEI: 8R95QZMKZLJX5Q2XR704 | Long             | EC               | CORP              | GB        |    180000 | NS      | $3024558.36   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-29

**Name of Applicant:** Gabelli Utilities Fund

**Signature:** John C. Ball

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

**Title:** Treasurer