# EDGAR Filing Document

**Accession Number:** 0001080720
**File Stem:** 0000940400-26-022974
**Filing Date:** 2026-6
**Character Count:** 76642
**Document Hash:** 79543336420711bdad39665fef3296c7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-022974.hdr.sgml**: 20260601

**ACCESSION NUMBER**: 0000940400-26-022974

**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 UTILITY TRUST
- **CENTRAL INDEX KEY:** 0001080720

**ORGANIZATION NAME:**
- **EIN:** 134046522
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-09243
- **FILM NUMBER:** 261048694

**BUSINESS ADDRESS:**
- **STREET 1:** 1 CORPORATE CENTER
- **CITY:** RYE
- **STATE:** NY
- **ZIP:** 10580
- **BUSINESS PHONE:** 9149215083

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** GABELLI UTILITY FUND
- **DATE OF NAME CHANGE:** 19990225

## 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 Utility Trust

- **b. Investment Company Act file number:** 811-09243

- **c. CIK number of Registrant:** 0001080720

- **d. LEI of Registrant:** 549300TMXE7MFFNTOM48

- **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:** Gabelli Utility Trust

- **c. LEI of Series:** 549300TMXE7MFFNTOM48

**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:** $339486123.99

**Total Liabilities:** $47763346.44

**Net Assets:** $291722777.55

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000000000 | 0.02%                | 2.89%                | 0.06%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $214169.91               | $15072050.39                               |
| Month 2  | $1359228.28              | $23207013.89                               |
| Month 3  | $362568.13               | $-9973659.66                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Anterix Inc.                                        | Anterix Inc. COM                                         | CUSIP: 03676C100<br>LEI: 549300QIX2QHFGIEQG40 | Long             | EC               | CORP              | US        |     37000 | NS      | $1413030.00   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| EDP SA                                              | EDP SA EUR1(REGD)                                        | CUSIP: 000000000<br>LEI: 529900CLC3WDMGI9VH80 | Long             | EC               | CORP              | PT        |      7595 | NS      | $39723.53     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| SLB LTD                                             | SLB Ltd. COM STK                                         | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | CW        |       405 | NS      | $20812.95     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| GE Aerospace                                        | GE Aerospace COM NEW                                     | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |     10000 | NS      | $2837700.00   | 0.97%             |  |  |  | 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        |     25000 | NS      | $1052500.00   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Centerpoint Energy Inc                              | Centerpoint Energy Inc COM                               | CUSIP: 15189T107<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | EC               | CORP              | US        |      8470 | NS      | $365565.20    | 0.13%             |  |  |  | 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        |     33000 | NS      | $1376201.24   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Southwest Gas Holdings Inc                          | Southwest Gas Holdings Inc COM                           | CUSIP: 844895102<br>LEI: 254900LKF9EV0CUKNE09 | Long             | EC               | CORP              | US        |    117730 | NS      | $10230737.00  | 3.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Accelleron Industries AG.                           | Accelleron Industries AG. UNSPONSORED ADR                | CUSIP: 00449R109<br>LEI: 254900KS0MD2PAARXD14 | Long             | EC               | CORP              | CH        |      1200 | NS      | $107304.00    | 0.04%             |  |  |  | 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        |    220000 | NS      | $165535.89    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Trinity Industries, Inc.                            | Trinity Industries, Inc. COM                             | CUSIP: 896522109<br>LEI: R1JB4KXN77XFCXOQKV49 | Long             | EC               | CORP              | US        |     12000 | NS      | $386160.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Cogeco Communications Inc                           | Cogeco Communications Inc SUB VTG SHS                    | CUSIP: 19239C106<br>LEI: 549300XHH6LJM6IAXV57 | Long             | EC               | CORP              | CA        |      7500 | NS      | $380634.03    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Valmont Industries, Inc.                            | Valmont Industries, Inc. COM                             | CUSIP: 920253101<br>LEI: 5493009ZGZJJ8F77JN08 | Long             | EC               | CORP              | US        |       800 | NS      | $319656.00    | 0.11%             |  |  |  | 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        |      8000 | NS      | $50292.05     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| NiSource Inc.                                       | NiSource Inc. COM                                        | CUSIP: 65473P105<br>LEI: 549300D8GOWWH0SJB189 | Long             | EC               | CORP              | US        |     48000 | NS      | $2239680.00   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Enel S.p.A.                                         | Enel S.p.A. EUR1                                         | CUSIP: 000000000<br>LEI: WOCMU6HCI0OJWNPRZS33 | Long             | EC               | CORP              | IT        |    300000 | NS      | $3250828.13   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T Inc                                            | AT&T Inc COM                                             | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |     35000 | NS      | $1014650.00   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| OGE Energy Corporation                              | OGE Energy Corporation COM                               | CUSIP: 670837103<br>LEI: CE5OG6JPOZMDSA0LAQ19 | Long             | EC               | CORP              | US        |    176900 | NS      | $8484124.00   | 2.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Vodafone Group PLC                                  | Vodafone Group PLC SPONSORED ADR                         | CUSIP: 92857W308<br>LEI: 213800TB53ELEUKM7Q61 | Long             | EC               | CORP              | GB        |    230000 | NS      | $3454600.00   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Edison International                                | Edison International COM                                 | CUSIP: 281020107<br>LEI: 549300I7ROF15MAEVP56 | Long             | EC               | CORP              | US        |     43000 | NS      | $3146740.00   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Zurn Elkay Water Solutions Corporation              | Zurn Elkay Water Solutions Corporation COM               | CUSIP: 98983L108<br>LEI: 549300AM3633XDFU1Q85 | Long             | EC               | CORP              | US        |      4100 | NS      | $183844.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Alstom SA                                           | Alstom SA EUR7.00                                        | CUSIP: 000000000<br>LEI: 96950032TUYMW11FB530 | Long             | EC               | CORP              | FR        |       548 | NS      | $15366.42     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| TELESAT CORP                                        | Telesat Corp. CL A & CL B SHS                            | CUSIP: 879512309<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     30000 | NS      | $1086000.00   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Matthews International Corp                         | Matthews International Corp CL A                         | CUSIP: 577128101<br>LEI: 549300ZVC5O0ATML6U61 | Long             | EC               | CORP              | US        |       800 | NS      | $20656.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Bills                        | B 0 06/25/26                                             | CUSIP: 912797TE7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    475000 | PA      | $470981.19    | 0.16%             | 2026-06-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Xcel Energy Inc                                     | Xcel Energy Inc COM                                      | CUSIP: 98389B100<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | EC               | CORP              | US        |    130700 | NS      | $10382808.00  | 3.56%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Bills                        | B 0 05/28/26                                             | CUSIP: 912797SW8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2325000 | PA      | $2311666.52   | 0.79%             | 2026-05-28      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Everus Construction Group Inc.                      | Everus Construction Group Inc. COM                       | CUSIP: 300426103<br>LEI: 2549006JMMHR0KILT425 | Long             | EC               | CORP              | US        |      2000 | NS      | $236120.00    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Flowserve Corporation                               | Flowserve Corporation COM                                | CUSIP: 34354P105<br>LEI: 6Y0GK87T6V7NJKZJVM41 | Long             | EC               | CORP              | US        |       670 | NS      | $49251.70     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| GATX Corporation                                    | GATX Corporation COM                                     | CUSIP: 361448103<br>LEI: 549300IHYHCQP2PIR591 | Long             | EC               | CORP              | US        |     15800 | NS      | $2697692.00   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinder Morgan, Inc.                                 | Kinder Morgan, Inc. COM                                  | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               | CORP              | US        |    100821 | NS      | $3380528.13   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Avista Corporation                                  | Avista Corporation COM                                   | CUSIP: 05379B107<br>LEI: Q0IK63NITJD6RJ47SW96 | Long             | EC               | CORP              | US        |     60642 | NS      | $2434169.88   | 0.83%             |  |  |  | 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        |     25000 | NS      | $407123.28    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Engie SA                                            | Engie SA EUR1                                            | CUSIP: 000000000<br>LEI: LAXUQCHT4FH58LRZDY46 | Long             | EC               | CORP              | FR        |     12300 | NS      | $393951.82    | 0.14%             |  |  |  | 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        |     22000 | NS      | $250628.52    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| BCE Inc.                                            | BCE Inc. COM NEW                                         | CUSIP: 05534B760<br>LEI: 5493001I9203PRB5KR45 | Long             | EC               | CORP              | CA        |     10000 | NS      | $252400.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Hera SpA                                            | Hera SpA EUR1                                            | CUSIP: 000000000<br>LEI: 8156009414FD99443B48 | Long             | EC               | CORP              | IT        |    560000 | NS      | $2570980.27   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| National Grid PLC                                   | National Grid PLC SPONSORED ADR NE                       | CUSIP: 636274409<br>LEI: 8R95QZMKZLJX5Q2XR704 | Long             | EC               | CORP              | GB        |     58000 | NS      | $4906800.00   | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Energy Transfer LP                                  | Energy Transfer LP COM UT LTD PTN                        | CUSIP: 29273V100<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | EC               | CORP              | US        |     84500 | NS      | $1630850.00   | 0.56%             |  |  |  | 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        |     60000 | NS      | $361800.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| MDU RESOURCES GROUP INC                             | MDU Resources Group, Inc. COM                            | CUSIP: 552690109<br>LEI: 549300MA0UV6AI6SNV27 | Long             | EC               | CORP              | US        |     10000 | NS      | $207200.00    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Deutsche Telekom AG                                 | Deutsche Telekom AG NPV(REGD)                            | CUSIP: 000000000<br>LEI: 549300V9QSIG4WX4GJ96 | Long             | EC               | CORP              | DE        |     90000 | NS      | $3323646.68   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Bills                        | B 0 06/18/26                                             | CUSIP: 912797TD9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    230000 | PA      | $228210.98    | 0.08%             | 2026-06-18      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Venture Global Inc                                  | Venture Global Inc COM CL A                              | CUSIP: 92333F101<br>LEI: 2549007XC91CAB3E0N98 | Long             | EC               | CORP              | US        |     10000 | NS      | $157600.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| PG&E Corporation                                    | PG&E Corporation COM                                     | CUSIP: 69331C108<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | EC               | CORP              | US        |     50000 | NS      | $878500.00    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Black Hills Corporation                             | Black Hills Corporation COM                              | CUSIP: 092113109<br>LEI: 3MGELCRSTNSAMJ962671 | Long             | EC               | CORP              | US        |     33000 | NS      | $2290530.00   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Keysight Technologies, Inc.                         | Keysight Technologies, Inc. COM                          | CUSIP: 49338L103<br>LEI: 549300GLKVIO8YRCYN02 | Long             | EC               | CORP              | US        |      2000 | NS      | $564740.00    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| MIDDLESEX WATER CO                                  | Middlesex Water Co. COM                                  | CUSIP: 596680108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6200 | NS      | $322710.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Evergy Inc                                          | Evergy Inc COM                                           | CUSIP: 30034W106<br>LEI: 549300PGTHDQY6PSUI61 | Long             | EC               | CORP              | US        |    122000 | NS      | $9994240.00   | 3.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Badger Meter Inc                                    | Badger Meter Inc COM                                     | CUSIP: 056525108<br>LEI: 5493002JENE20OGTUG20 | Long             | EC               | CORP              | US        |       400 | NS      | $60940.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| T-Mobile US Inc                                     | T-Mobile US Inc COM                                      | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |      5000 | NS      | $1050150.00   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Mueller Industries Inc.                             | Mueller Industries Inc. COM                              | CUSIP: 624756102<br>LEI: 5493005IZFE4VJLLYG84 | Long             | EC               | CORP              | US        |     36500 | NS      | $4044200.00   | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Severn Trent PLC                                    | Severn Trent PLC ORD GBP0.9789                           | CUSIP: 000000000<br>LEI: 213800RPBXRETY4A4C59 | Long             | EC               | CORP              | GB        |    130000 | NS      | $5316901.20   | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| LIBERTY GLOBAL LTD                                  | Liberty Global Ltd. COM CL C                             | CUSIP: 000000000<br>LEI: 213800HRMKKTYH7SKA24 | Long             | EC               | CORP              | BM        |     80000 | NS      | $938400.00    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Consolidated Edison, Inc.                           | Consolidated Edison, Inc. COM                            | CUSIP: 209115104<br>LEI: 54930033SBW53OO8T749 | Long             | EC               | CORP              | US        |     28000 | NS      | $3169040.00   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Tidewater Inc New                                   | Tidewater Inc New COM                                    | CUSIP: 88642R109<br>LEI: 2549000JA5GRUPLMUH98 | Long             | EC               | CORP              | US        |       103 | NS      | $8605.65      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| FirstEnergy Corp.                                   | FirstEnergy Corp. COM                                    | CUSIP: 337932107<br>LEI: 549300SVYJS666PQJH88 | Long             | EC               | CORP              | US        |     94200 | NS      | $4772172.00   | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Arcosa Inc                                          | Arcosa Inc COM                                           | CUSIP: 039653100<br>LEI: 549300WFHLTCZV7D6V29 | Long             | EC               | CORP              | US        |       200 | NS      | $21228.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| The Timken Company                                  | The Timken Company COM                                   | CUSIP: 887389104<br>LEI: B0I35MLPFXZSE70ASS73 | Long             | EC               | CORP              | US        |       200 | NS      | $20114.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| OTTER TAIL CORP                                     | Otter Tail Corporation COM                               | CUSIP: 689648103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     56500 | NS      | $4959005.00   | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Xylem, Inc.                                         | Xylem, Inc. COM                                          | CUSIP: 98419M100<br>LEI: 549300DF5MV96DRYLQ48 | Long             | EC               | CORP              | US        |      1200 | NS      | $143400.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy Inc                                  | NextEra Energy Inc COM                                   | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |    165700 | NS      | $15390216.00  | 5.28%             |  |  |  | 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      |
| Deutsche Telekom AG                                 | Deutsche Telekom AG SPONSORED ADS                        | CUSIP: 251566105<br>LEI: 549300V9QSIG4WX4GJ96 | Long             | EC               | CORP              | DE        |     60000 | NS      | $2224800.00   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Portland General Electric Company                   | Portland General Electric Company COM NEW                | CUSIP: 736508847<br>LEI: GJOUP9M7C39GLSK9R870 | Long             | EC               | CORP              | US        |     58300 | NS      | $3076491.00   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Bills                        | B 0 04/16/26                                             | CUSIP: 912797QD2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    280000 | PA      | $279576.85    | 0.10%             | 2026-04-16      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Hokuriku Electric Power Company Inc                 | Hokuriku Electric Power Company Inc NPV                  | CUSIP: 000000000<br>LEI: 353800Z4ZNGBULYR8W57 | Long             | EC               | CORP              | JP        |     13000 | NS      | $87442.11     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Orange SA                                           | Orange SA                                                | CUSIP: 684060106<br>LEI: 969500MCOONR8990S771 | Long             | EC               | CORP              | US        |      6000 | NS      | $122820.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| ARTESIAN RESOURCES CORP                             | Artesian Resources Corp. CL A                            | CUSIP: 043113208<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     23000 | NS      | $732550.00    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Tetra Tech Inc                                      | Tetra Tech Inc COM                                       | CUSIP: 88162G103<br>LEI: 549300UJ1LP7JGJC5P32 | Long             | EC               | CORP              | US        |       500 | NS      | $15060.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Innovex International Inc.                          | Innovex International Inc. COM                           | CUSIP: 457651107<br>LEI: 5299007REICYIJNMW197 | Long             | EC               | CORP              | US        |     18000 | NS      | $439020.00    | 0.15%             |  |  |  | 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        |     31673 | NS      | $2563929.35   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Sony Financial Group Inc.                           | Sony Financial Group Inc. UNSPONSERED ADS                | CUSIP: 83571B100<br>LEI: 353800O7BDSU41WOZA60 | Long             | EC               | CORP              | JP        |     10800 | NS      | $48708.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Energy Corp.                          | Constellation Energy Corp. COM                           | CUSIP: 21037T109<br>LEI: 549300F8Y20RYGNGV346 | Long             | EC               | CORP              | US        |     17750 | NS      | $4956687.50   | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Tele2 AB (publ)                                     | Tele2 AB (publ) SER'B'NPV                                | CUSIP: 000000000<br>LEI: 213800EKD193RVI9HL76 | Long             | EC               | CORP              | SE        |      1350 | NS      | $27751.11     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Belden Inc.                                         | Belden Inc. COM                                          | CUSIP: 077454106<br>LEI: 68BKYO1JC791TTJHUE82 | Long             | EC               | CORP              | US        |       100 | NS      | $11483.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Oceaneering International, Inc.                     | Oceaneering International, Inc. COM                      | CUSIP: 675232102<br>LEI: 549300L6PH74701W0R30 | Long             | EC               | CORP              | US        |       580 | NS      | $20572.60     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Cameco Corporation                                  | Cameco Corporation COM                                   | CUSIP: 13321L108<br>LEI: N4BHALMXL3GMZKCUON55 | Long             | EC               | CORP              | CA        |     54142 | NS      | $5880362.62   | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Entergy Corporation                                 | Entergy Corporation COM                                  | CUSIP: 29364G103<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | EC               | CORP              | US        |      7300 | NS      | $820228.00    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| RGC Resources Inc                                   | RGC Resources Inc COM                                    | CUSIP: 74955L103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     55000 | NS      | $1212750.00   | 0.42%             |  |  |  | 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      |
| Emera Inc                                           | Emera Inc COM NPV                                        | CUSIP: 290876101<br>LEI: NQZVQT2P5IUF2PGA1Q48 | Long             | EC               | CORP              | CA        |      7000 | NS      | $362856.73    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Gabelli Money Mkt                                   | Gabelli Money Mkt US TREAS MKT                           | CUSIP: 36239W106<br>LEI: 549300PDG2ZFF5RRB446 | Long             | STIV             | RF                | US        |   2423717 | NS      | $2423717.24   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Sunrise Communications AG                           | Sunrise Communications AG CHF0.1 A                       | CUSIP: 000000000<br>LEI: 213800RS9HRGTWOGCO08 | Long             | EC               | CORP              | CH        |     18700 | NS      | $1106658.33   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| KNIFE RIVER CORP                                    | Knife River Corp. COMMON STOCK                           | CUSIP: 498894104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4000 | NS      | $326600.00    | 0.11%             |  |  |  | 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        |     82000 | NS      | $6145080.00   | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| American Water Works Company, Inc.                  | American Water Works Company, Inc. COM                   | CUSIP: 030420103<br>LEI: 549300DXHIJQMD5WFW18 | Long             | EC               | CORP              | US        |     21400 | NS      | $2912326.00   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Ducommun Incorporated                               | Ducommun Incorporated COM                                | CUSIP: 264147109<br>LEI: 549300Z71HMWF90S2214 | Long             | EC               | CORP              | US        |       275 | NS      | $33550.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| VEON LTD                                            | Veon Ltd. SPONSORED ADS                                  | CUSIP: 91822M502<br>LEI: 5493008CA3NMHYEVT131 | Long             | EC               | CORP              | BM        |     10000 | NS      | $463000.00    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Devon Energy Corporation                            | Devon Energy Corporation COM                             | CUSIP: 25179M103<br>LEI: 54930042348RKR3ZPN35 | Long             | EC               | CORP              | US        |      4500 | NS      | $226440.00    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Iberdrola, S.A.                                     | Iberdrola, S.A. EUR0.75                                  | CUSIP: 000000000<br>LEI: 5QK37QC7NWOJ8D7WVQ45 | Long             | EC               | CORP              | ES        |     90000 | NS      | $2054003.24   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| National Fuel Gas Company                           | National Fuel Gas Company COM                            | CUSIP: 636180101<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | EC               | CORP              | US        |     94682 | NS      | $8896320.72   | 3.05%             |  |  |  | No            |                  1 | On Loan: No      |
| TechnipFMC PLC                                      | TechnipFMC PLC USD1                                      | CUSIP: 000000000<br>LEI: 549300D5I93QWCJTCK36 | Long             | EC               | CORP              | GB        |       397 | NS      | $27444.61     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CNH INDUSTRIAL NV                                   | CNH Industrial N.V. COM EUR0.01                          | CUSIP: 000000000<br>LEI: 549300WGC2HZ5J67V817 | Long             | EC               | CORP              | NL        |    210000 | NS      | $2310000.00   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Graham Corp                                         | Graham Corp COM                                          | CUSIP: 384556106<br>LEI: 254900EI9P4LTY524J77 | Long             | EC               | CORP              | US        |      1396 | NS      | $110172.32    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Northwest Natural Holding Company                   | Northwest Natural Holding Company COM                    | CUSIP: 66765N105<br>LEI: 254900PSJL6ZEC8FR782 | Long             | EC               | CORP              | US        |      7000 | NS      | $372540.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| BCE Inc.                                            | BCE Inc. COM NPV                                         | CUSIP: 05534B760<br>LEI: 5493001I9203PRB5KR45 | Long             | EC               | CORP              | CA        |      1000 | NS      | $25231.83     | 0.01%             |  |  |  | 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        |      1586 | NS      | $43599.14     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ONE Gas, Inc.                                       | ONE Gas, Inc. COM                                        | CUSIP: 68235P108<br>LEI: 549300HXDWI0LATTX840 | Long             | EC               | CORP              | US        |     30300 | NS      | $2609739.00   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Sempra                                              | Sempra COM                                               | CUSIP: 816851109<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | EC               | CORP              | US        |      1989 | NS      | $193271.13    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Duke Energy Corp                                    | Duke Energy Corp COM NEW                                 | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               | CORP              | US        |     64700 | NS      | $8471818.00   | 2.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Landis & Gyr Group AG                               | Landis & Gyr Group AG CHF10 (REGD)                       | CUSIP: 000000000<br>LEI: 529900PZYVAKCYSLFL19 | Long             | EC               | CORP              | CH        |      2700 | NS      | $170522.76    | 0.06%             |  |  |  | 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        |     15000 | NS      | $165212.19    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Array Digital Infrastructure Inc.                   | Array Digital Infrastructure Inc. COM                    | CUSIP: 911684108<br>LEI: 549300B164AZXESI6E03 | Long             | EC               | CORP              | US        |     28500 | NS      | $1314990.00   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Compania de Minas Buenaventura S.A.A.               | Compania de Minas Buenaventura S.A.A. SPONSORED ADR      | CUSIP: 204448104<br>LEI: 529900WQB1ZU9KB6EL71 | Long             | EC               | CORP              | PE        |     30000 | NS      | $1081200.00   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| GIBRALTAR INDUSTRIES INC                            | Gibraltar Industries, Inc. COM                           | CUSIP: 374689107<br>LEI: 549300AE5O3GN0YBLM57 | Long             | EC               | CORP              | US        |       155 | NS      | $6179.85      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Orange Belgium SA                                   | Orange Belgium SA                                        | CUSIP: 000000000<br>LEI: 5493007JS0ZHJVBUWP18 | Long             | EC               | CORP              | BE        |    143500 | NS      | $3350462.40   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Medmix Ag                                           | Medmix Ag CHF0.01                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CH        |       300 | NS      | $3237.87      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Halliburton Company                                 | Halliburton Company COM                                  | CUSIP: 406216101<br>LEI: ENYF8GB5SMQZ25S06U51 | Long             | EC               | CORP              | US        |     31500 | NS      | $1228185.00   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Sulzer AG                                           | Sulzer AG CHF0.01 (REGD)                                 | CUSIP: 000000000<br>LEI: 529900NZ6MAST5IJF669 | Long             | EC               | CORP              | CH        |       100 | NS      | $20585.29     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ABB Ltd.                                            | ABB Ltd. SPONSORED ADR                                   | CUSIP: 000375204<br>LEI: 5493000LKVGOO9PELI61 | Long             | EC               | CORP              | CH        |     21000 | NS      | $1690080.00   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| NTT Inc.                                            | NTT Inc. NPV                                             | CUSIP: 000000000<br>LEI: 353800VHQU5VIXVUA841 | Long             | EC               | CORP              | JP        |   1750000 | NS      | $1733404.74   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Bills                        | B 0 05/21/26                                             | CUSIP: 912797SV0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    400000 | PA      | $397988.20    | 0.14%             | 2026-05-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SK Telecom Co Ltd                                   | SK Telecom Co Ltd SPONSORED ADR                          | CUSIP: 78440P306<br>LEI: 9884003WEA1PHW006037 | Long             | EC               | CORP              | KR        |      2300 | NS      | $67367.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Proximus S.A                                        | Proximus S.A NPV                                         | CUSIP: 000000000<br>LEI: 549300CWRXC5EP004533 | Long             | EC               | CORP              | BE        |     10500 | NS      | $84954.98     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Bills                        | B 0 06/11/26                                             | CUSIP: 912797QX8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    710000 | PA      | $704964.60    | 0.24%             | 2026-06-11      | 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        |     38000 | NS      | $541500.00    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Dominion Energy Inc                                 | Dominion Energy Inc COM                                  | CUSIP: 25746U109<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | EC               | CORP              | US        |     43300 | NS      | $2676806.00   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Orascom Investment Holding                          | Orascom Investment Holding                               | CUSIP: 68555D206<br>LEI: 549300UT4N1DC4S2ZB61 | Long             | EC               | CORP              | EG        |     10000 | NS      | $140.00       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Eurotelesites AG                                    | Eurotelesites AG                                         | CUSIP: 000000000<br>LEI: 5299007TJV9W1OY91Y28 | Long             | EC               | CORP              | AT        |     21250 | NS      | $108563.21    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Algonquin Power & Utilities Corporation             | Algonquin Power & Utilities Corporation COM              | CUSIP: 015857105<br>LEI: 549300K5VIUTJXQL7X75 | Long             | EC               | CORP              | CA        |    110000 | NS      | $675400.00    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Chesapeake Utilities Corporation                    | Chesapeake Utilities Corporation COM                     | CUSIP: 165303108<br>LEI: 254900WW0FDCKAOCKE74 | Long             | EC               | CORP              | US        |      9000 | NS      | $1137330.00   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Bills                        | B 0 07/23/26                                             | CUSIP: 912797TP2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1700000 | PA      | $1680837.50   | 0.58%             | 2026-07-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Capstone Green Energy Holdings                      | Capstone Green Energy Holdings Inc                       | CUSIP: 14067D607<br>LEI: 54930065ZCHE9KQTEZ38 | Long             | EC               | CORP              | US        |      5000 | NS      | $27250.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| National Grid PLC                                   | National Grid PLC ORD GBP0.12431289                      | CUSIP: 000000000<br>LEI: 8R95QZMKZLJX5Q2XR704 | Long             | EC               | CORP              | GB        |    100625 | NS      | $1690812.14   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Eversource Energy                                   | Eversource Energy COM                                    | CUSIP: 30040W108<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | EC               | CORP              | US        |    104750 | NS      | $7257080.00   | 2.49%             |  |  |  | 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        |      7500 | NS      | $122018.84    | 0.04%             |  |  |  | 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        |     15000 | NS      | $99807.82     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| CHEVRON CORP                                        | Chevron Corp. COM                                        | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1900 | NS      | $393110.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Veolia Environnement S.A.                           | Veolia Environnement S.A. EUR5                           | CUSIP: 000000000<br>LEI: 969500LENY69X51OOT31 | Long             | EC               | CORP              | FR        |     27712 | NS      | $1046129.69   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Products & Chemicals, Inc.                      | Air Products & Chemicals, Inc. COM                       | CUSIP: 009158106<br>LEI: 7QEON6Y1RL5XR3R1W237 | Long             | EC               | CORP              | US        |       200 | NS      | $58098.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| EQT Corporation                                     | EQT Corporation COM                                      | CUSIP: 26884L109<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | EC               | CORP              | US        |       380 | NS      | $24183.20     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CMS Energy Corporation                              | CMS Energy Corporation COM                               | CUSIP: 125896100<br>LEI: 549300IA9XFBAGNIBW29 | Long             | EC               | CORP              | US        |     79244 | NS      | $6147749.52   | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Rogers Communications Inc.                          | Rogers Communications Inc. CL B                          | CUSIP: 775109200<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | EC               | CORP              | CA        |     30000 | NS      | $1153500.00   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Furukawa Electric Co Ltd.                           | Furukawa Electric Co Ltd. NPV                            | CUSIP: 000000000<br>LEI: 353800TJR1DQ3P1QR918 | Long             | EC               | CORP              | JP        |      7500 | NS      | $1360306.86   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| PPL Corporation                                     | PPL Corporation COM                                      | CUSIP: 69351T106<br>LEI: 9N3UAJSNOUXFKQLF3V18 | Long             | EC               | CORP              | US        |     22240 | NS      | $849568.00    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Cogeco Inc                                          | Cogeco Inc SUB-VTG SHS NPV                               | CUSIP: 19238T100<br>LEI: 5493000KSZQCX0QM2V25 | Long             | EC               | CORP              | CA        |     20900 | NS      | $1041619.58   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinnevik AB                                         | Kinnevik AB                                              | CUSIP: 000000000<br>LEI: 2138006PZH76JOS6MN27 | Long             | EC               | CORP              | SE        |      5500 | NS      | $33581.05     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Spire Inc                                           | Spire Inc COM                                            | CUSIP: 84857L101<br>LEI: 549300NXSY15DRY2R511 | Long             | EC               | CORP              | US        |     14500 | NS      | $1312830.00   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| California Water Service Group                      | California Water Service Group COM                       | CUSIP: 130788102<br>LEI: 529900QABDOBU6UVRQ36 | Long             | EC               | CORP              | US        |     33200 | NS      | $1505288.00   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Bills                        | B 0 04/23/26                                             | CUSIP: 912797SM0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1080000 | PA      | $1077604.86   | 0.37%             | 2026-04-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BT Group PLC                                        | BT Group PLC ORD GBP0.05                                 | CUSIP: 000000000<br>LEI: 213800LRO7NS5CYQMN21 | Long             | EC               | CORP              | GB        |    100000 | NS      | $278617.80    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| TXNM Energy Inc.                                    | TXNM Energy Inc. COM                                     | CUSIP: 69349H107<br>LEI: 5493003JOBJGLZSDDQ28 | Long             | EC               | CORP              | US        |     77450 | NS      | $4527727.00   | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| ITV PLC                                             | ITV PLC ORD GBP0.10                                      | CUSIP: 000000000<br>LEI: ZLECI7ED2QMWFGYCXZ59 | Long             | EC               | CORP              | GB        |    250000 | NS      | $248340.45    | 0.09%             |  |  |  | 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        |      1200 | NS      | $1149.58      | 0.00%             |  |  |  | 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        |     11000 | NS      | $81093.85     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| American States Water Co.                           | American States Water Co. COM                            | CUSIP: 029899101<br>LEI: 529900L26LIS2V8PWM23 | Long             | EC               | CORP              | US        |     26000 | NS      | $1966120.00   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Clearway Energy Inc                                 | Clearway Energy Inc CL C                                 | CUSIP: 18539C204<br>LEI: 549300LHAZ9HA9G3XC48 | Long             | EC               | CORP              | US        |      2300 | NS      | $90367.00     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| DTE Energy Co.                                      | DTE Energy Co. COM                                       | CUSIP: 233331107<br>LEI: 549300IX8SD6XXD71I78 | Long             | EC               | CORP              | US        |     16700 | NS      | $2441874.00   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Fluidra SA                                          | Fluidra SA EUR1                                          | CUSIP: 000000000<br>LEI: 95980020140005026620 | Long             | EC               | CORP              | ES        |       800 | NS      | $18280.92     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MGE ENERGY INC                                      | MGE Energy Inc. COM                                      | CUSIP: 55277P104<br>LEI: 549300BYWGHSXX2TEO67 | Long             | EC               | CORP              | US        |     55500 | NS      | $4289595.00   | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Pinnacle West Capital Corp.                         | Pinnacle West Capital Corp. COM                          | CUSIP: 723484101<br>LEI: TWSEY0NEDUDCKS27AH81 | Long             | EC               | CORP              | US        |      2400 | NS      | $241800.00    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Unitil Corp                                         | Unitil Corp COM                                          | CUSIP: 913259107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     17000 | NS      | $888080.00    | 0.30%             |  |  |  | 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        |      5947 | NS      | $52452.54     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| INDOSAT Tbk, PT                                     | INDOSAT Tbk, PT LKD SHS(IDR25 'A' & 'B')                 | CUSIP: 000000000<br>LEI: 254900YJOUDT9FUSHL33 | Long             | EC               | CORP              | ID        |      8000 | NS      | $983.85       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| WEC Energy Group Inc.                               | WEC Energy Group Inc. COM                                | CUSIP: 92939U106<br>LEI: 549300IGLYTZUK3PVP70 | Long             | EC               | CORP              | US        |    105770 | NS      | $12244992.90  | 4.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Linde PLC                                           | Linde PLC COM EUR0.001                                   | CUSIP: 000000000<br>LEI: 5299003QR1WT0EF88V51 | Long             | EC               | CORP              | IE        |       250 | NS      | $123940.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Diamondback Energy Inc                              | Diamondback Energy Inc COM                               | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        |        60 | NS      | $11867.40     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Foster(Lb)& Co                                      | Foster(Lb)& Co COM                                       | CUSIP: 350060109<br>LEI: 549300AUUJGJ2T2L2179 | Long             | EC               | CORP              | US        |      1736 | NS      | $48434.40     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Bills                        | B 0 04/30/26                                             | CUSIP: 912797SN8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    955000 | PA      | $952213.58    | 0.33%             | 2026-04-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| AZZ Inc                                             | AZZ Inc COM                                              | CUSIP: 002474104<br>LEI: 549300HD1X2NFLWPYC83 | Long             | EC               | CORP              | US        |      9000 | NS      | $1126170.00   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Bills                        | B 0 06/04/26                                             | CUSIP: 912797SX6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    120000 | PA      | $119229.60    | 0.04%             | 2026-06-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Idacorp Inc                                         | Idacorp Inc COM                                          | CUSIP: 451107106<br>LEI: N134NUJDWN8UEFA8B673 | Long             | EC               | CORP              | US        |      4650 | NS      | $664810.50    | 0.23%             |  |  |  | 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        |      5000 | NS      | $127400.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp.                                   | Exxon Mobil Corp. COM                                    | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |     16500 | NS      | $2799390.00   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| DT Midstream Inc                                    | DT Midstream Inc COMMON STOCK                            | CUSIP: 23345M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8000 | NS      | $1077360.00   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Enbridge Inc.                                       | Enbridge Inc. COM                                        | CUSIP: 29250N105<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | EC               | CORP              | CA        |     98500 | NS      | $5332790.00   | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Verizon Communications Inc.                         | Verizon Communications Inc. COM                          | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |     29500 | NS      | $1480900.00   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Atmos Energy Corp.                                  | Atmos Energy Corp. COM                                   | CUSIP: 049560105<br>LEI: QVLWEGTD2S8GJMO8D383 | Long             | EC               | CORP              | US        |     22250 | NS      | $4110020.00   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Ormat Technologies Inc.                             | Ormat Technologies Inc. COM                              | CUSIP: 686688102<br>LEI: 5493000TSHHWY24VHM09 | Long             | EC               | CORP              | US        |     12450 | NS      | $1393404.00   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Telekom Austria AG                                  | Telekom Austria AG NPV(BR)                               | CUSIP: 000000000<br>LEI: 529900KCNFQU5OJH7L33 | Long             | EC               | CORP              | AT        |     85000 | NS      | $895032.45    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern Co.                                        | Southern Co. COM                                         | CUSIP: 842587107<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EC               | CORP              | US        |      3127 | NS      | $301818.04    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Sony Group Corp.                                    | Sony Group Corp. SPONSORED ADR                           | CUSIP: 835699307<br>LEI: 529900R5WX9N2OI2N910 | Long             | EC               | CORP              | JP        |     48500 | NS      | $1003950.00   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Bills                        | B 0 05/07/26                                             | CUSIP: 912797SP3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    325000 | PA      | $323815.38    | 0.11%             | 2026-05-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Oneok Inc.                                          | Oneok Inc. COM                                           | CUSIP: 682680103<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | EC               | CORP              | US        |    138500 | NS      | $12519015.00  | 4.29%             |  |  |  | No            |                  1 | On Loan: No      |
| AES Corp.                                           | AES Corp. COM                                            | CUSIP: 00130H105<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | EC               | CORP              | US        |    197600 | NS      | $2784184.00   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Prairiesky Royalty Ltd.                             | Prairiesky Royalty Ltd. COM NPV                          | CUSIP: 739721108<br>LEI: 529900AXG582AP7CV733 | Long             | EC               | CORP              | CA        |     20000 | NS      | $462942.99    | 0.16%             |  |  |  | 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        |     95000 | NS      | $820800.00    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| YORK WATER COMPANY (THE)                            | The York Water Co. COM                                   | CUSIP: 987184108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9100 | NS      | $277095.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Solaredge Technologies Inc                          | Solaredge Technologies Inc COM                           | CUSIP: 83417M104<br>LEI: 5493000K6Y58XXPDF853 | Long             | EC               | CORP              | US        |       300 | NS      | $15315.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Electric Power Development Co Ltd.                  | Electric Power Development Co Ltd. NPV                   | CUSIP: 000000000<br>LEI: 549300KMHPUAQI8VEH90 | Long             | EC               | CORP              | JP        |    115000 | NS      | $3138306.92   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| NorthWestern Energy Group Inc                       | NorthWestern Energy Group Inc COM NEW                    | CUSIP: 668074305<br>LEI: 254900N1WG46G1VMDM34 | Long             | EC               | CORP              | US        |     72000 | NS      | $4747680.00   | 1.63%             |  |  |  | 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        |      4200 | NS      | $20832.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Essential Utilities Inc                             | Essential Utilities Inc COM                              | CUSIP: 29670G102<br>LEI: 549300ILTEOF3E3QY357 | Long             | EC               | CORP              | US        |     26000 | NS      | $1047020.00   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Hawaiian Electric Industries, Inc.                  | Hawaiian Electric Industries, Inc. COM                   | CUSIP: 419870100<br>LEI: JJ8FWOCWCV22X7GUPJ23 | Long             | EC               | CORP              | US        |     19000 | NS      | $281960.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameren Corp.                                        | Ameren Corp. COM                                         | CUSIP: 023608102<br>LEI: XRZQ5S7HYJFPHJ78L959 | Long             | EC               | CORP              | US        |     17000 | NS      | $1868640.00   | 0.64%             |  |  |  | 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      |
| Bouygues SA                                         | Bouygues SA EUR1                                         | CUSIP: 000000000<br>LEI: 969500MOCLNQFNZN0D63 | Long             | EC               | CORP              | FR        |     17000 | NS      | $970879.32    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Alliant Energy Corporation                          | Alliant Energy Corporation COM                           | CUSIP: 018802108<br>LEI: 5493009ML300G373MZ12 | Long             | EC               | CORP              | US        |     78045 | NS      | $5600509.20   | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Charter Communications, Inc.                        | Charter Communications, Inc. CL A                        | CUSIP: 16119P108<br>LEI: 0J0XRGZE3PBRFEZ7MV65 | Long             | EC               | CORP              | US        |      2100 | NS      | $453348.00    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| LIBERTY GLOBAL LTD                                  | Liberty Global Ltd. COM CL A                             | CUSIP: 000000000<br>LEI: 213800HRMKKTYH7SKA24 | Long             | EC               | CORP              | BM        |     83000 | NS      | $1003470.00   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| EchoStar Corp.                                      | EchoStar Corp. CL A                                      | CUSIP: 278768106<br>LEI: 549300EE20907QZ9GT38 | Long             | EC               | CORP              | US        |      2000 | NS      | $234140.00    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| GAM Holding AG                                      | GAM Holding AG                                           | CUSIP: 000000000<br>LEI: 549300GGVID7ZGDMX291 | Long             | EC               | CORP              | CH        |    150000 | NS      | $19884.94     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Pharol SGPS SA                                      | Pharol SGPS SA                                           | CUSIP: 000000000<br>LEI: 549300JNP3LA8FWLU630 | Long             | EC               | CORP              | PT        |     30000 | NS      | $2572.92      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| XPLR Infrastructure LP                              | XPLR Infrastructure LP COM UNIT PART IN                  | CUSIP: 65341B106<br>LEI: 5493008F4ZOQFNG3WN54 | Long             | EC               | CORP              | US        |     31400 | NS      | $333468.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| NRG Energy, Inc.                                    | NRG Energy, Inc. COM NEW                                 | CUSIP: 629377508<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | EC               | CORP              | US        |     18000 | NS      | $2630520.00   | 0.90%             |  |  |  | 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        |      1800 | NS      | $71694.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Cheniere Energy Inc                                 | Cheniere Energy Inc COM NEW                              | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |        85 | NS      | $24119.60     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Exelon Corp.                                        | Exelon Corp. COM                                         | CUSIP: 30161N101<br>LEI: 3SOUA6IRML7435B56G12 | Long             | EC               | CORP              | US        |     65800 | NS      | $3225516.00   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| ITT Inc                                             | ITT Inc COM                                              | CUSIP: 45073V108<br>LEI: 549300KDSERHTJOXUS80 | Long             | EC               | CORP              | US        |       166 | NS      | $31627.98     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Telefonica SA                                       | Telefonica SA                                            | CUSIP: 879382208<br>LEI: 549300EEJH4FEPDBBR25 | Long             | EC               | CORP              | ES        |    250000 | NS      | $1085000.00   | 0.37%             |  |  |  | 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        |     46450 | NS      | $6088666.00   | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| H2O America                                         | H2O America COM                                          | CUSIP: 784305104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     29300 | NS      | $1719031.00   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Vestas Wind Systems AS                              | Vestas Wind Systems AS DKK0.20                           | CUSIP: 000000000<br>LEI: 549300DYMC8BGZZC8844 | Long             | EC               | CORP              | DK        |      6000 | NS      | $176467.86    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

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

**Name of Applicant:** Gabelli Utility Trust

**Signature:** John C. Ball

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

**Title:** Treasurer