GLU - Gabelli Global Utility & Income Trust

What this means for you

None of the investors we follow has reported owning 5% or more of this fund. That is the normal state for most closed-end funds.

Nothing is required of you. If that changes, the notice appears here within a day of being filed with the regulator.

Email me if this changes

What happened, and when

Nothing on file yet. No large investor has reported a stake in this fund, and the fund has not announced a buy-back, a vote or a closing.

About this fund

• Run by Gabelli Funds, LLC. Part of the Gabelli Fund Complex fund family. As of Dec 31, 2025, from the fund's yearly report. Original document →
• Size: about $121 million of holdings, as of June 30, 2026. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
• Borrowing: the fund borrows about 17% on top of its own money, as of June 30, 2026. Borrowed money makes gains and losses bigger. About 98% of that is money the fund has borrowed by selling preferred shares. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
• The fund's own example of what borrowing does: in a year in which the holdings returned -10%, a share would return about -13.6%; at +10%, about +10.9%. As of Dec 31, 2025, from the fund's annual report. Original document →
• Costs: 0.6% a year in management fees; 1.4% a year in total, including interest on borrowed money. Fiscal year ended Dec 31, 2025. As of Dec 31, 2025, from the fund's yearly report. Original document →
  Among the 10 funds we follow that invest in utilities and infrastructure, none charges a lower management fee and 2 charge less in total, at their last yearly reports. Both numbers are measured against the fund's own money, not the money it borrows on top, so a fund that borrows more shows higher costs on both counts.
• The fund's own cost example: $1,000 invested costs about $24 in the first year and about $270 over 10 years, assuming the holdings return 5% a year. As of Dec 31, 2025, from the fund's annual report. Original document →
• Payouts: last fiscal year (ended Dec 31, 2025) the fund paid $1.20 a share. $0.35 of that was income; $0.06 came from gains; $0.79 was your own money back, not income. Most funds announce their monthly or quarterly payout on their own website, not in a filing with the regulator, so a cut or a raise there does not show up here until the next yearly report. A few funds do file a notice about a fixed payout; those appear under What happened, and when. As of Dec 31, 2025, from the fund's annual report. Original document →
• Value of holdings per share at the last fiscal year end (Dec 31, 2025): $18.39. The shares traded at $19.27, about 4.8% above that. As of Dec 31, 2025, from the fund's yearly report. Original document →
  Over the last two years the gap (a "discount" when the price is below the value) ranged from 8% below to 8.2% above. As of Dec 31, 2025, from the fund's annual report. Original document →
• How the holdings did: up 1.9% over the last three months we have (April-June 2026), before the share price is taken into account. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
• First reported to the regulator in 2004.

How this has changed

• Payouts per share: $1.20 in the fiscal year ended Dec 31, 2025; $1.20 in the year ended Dec 31, 2024; $1.20 in the year ended Dec 31, 2023.As of Dec 31, 2025, from the fund's annual report. Original document →
• Of that, your own money back rather than income: $0.79 in the year ended Dec 31, 2025; $1.04 in the year ended Dec 31, 2024; $0.97 in the year ended Dec 31, 2023.As of Dec 31, 2025, from the fund's annual report. Original document →
• Costs, including interest on borrowed money: 1.35% a year in the fiscal year ended Dec 31, 2025; 1.48% a year in the year ended Dec 31, 2024; 1.45% a year in the year ended Dec 31, 2023.As of Dec 31, 2025, from the fund's annual report. Original document →
• Size of the holdings: about $110 million at Dec 31, 2025; $88.4 million at Dec 31, 2024; $88.8 million at Dec 29, 2023. From the fund's quarterly holdings reports. Original documents: Dec 31, 2025 →, Dec 31, 2024 →, Dec 29, 2023 →.
• Borrowing: about 19% on top of its own money at Dec 31, 2025; 25% at Dec 31, 2024; 30% at Dec 29, 2023. From the fund's quarterly holdings reports. Original documents: Dec 31, 2025 →, Dec 31, 2024 →, Dec 29, 2023 →.
• The fund had about 5.99 million shares at Dec 31, 2025, about the same as at Dec 31, 2023.As of Dec 31, 2025, from the fund's annual report. Original document →

What these lines mean: a payout that is your own money back, what a fund costs, borrowing.

What a holder made

• The year ended Dec 31, 2025: the shares returned +37.8%, counting payouts; the holdings +33.3%. The holdings figure is what the fund's investments earned, before the share price is taken into account. As of Dec 31, 2025, from the fund's annual report. Original document →
• The year ended Dec 31, 2024: the shares returned +23.5%, counting payouts; the holdings +7.7%. As of Dec 31, 2024, from the fund's annual report. Original document →
• The year ended Dec 31, 2023: the shares returned +2%, counting payouts; the holdings +1.2%. As of Dec 31, 2023, from the fund's annual report. Original document →
• The year ended Dec 31, 2022: the shares returned -27%, counting payouts; the holdings -18.2%. As of Dec 31, 2022, from the fund's annual report. Original document →
• The year ended Dec 31, 2021: the shares returned +21.2%, counting payouts; the holdings +14.3%. As of Dec 31, 2021, from the fund's annual report. Original document →
• Those five years together: the shares returned +53.7%. $10,000 of shares bought at the start (Jan 1, 2021) would have become about $15,400 by Dec 31, 2025, with every payout counted, before tax. As of Dec 31, 2025, from the fund's annual report. Original document →
• The holdings over the last twelve months we have, to June 30, 2026: +18.6%. The quarterly reports carry no share price, so this is the holdings alone. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
• Of the 10 funds that invest in utilities and infrastructure with a fiscal year ending within six months of this one, 1 reported a higher share return for that year and 8 a lower one. As of Dec 31, 2025, from the fund's annual report. Original document →
• A past year says nothing about the next one. All figures are the fund's own, from its reports to the regulator.

Why the shares and the holdings can differ: the gap between price and value. Why payouts count: a payout that is your own money back.

What the fund holds

Mostly shares (95%), the rest bonds. About 52% issued in the U.S.

1. National Fuel Gas Company - 3.5%
2. United States of America - Bureau of the Public Debt, B 0 09/24/26 - 2.3%
3. Abb Ltd (Ch) - 2.3%
4. American Electric Power Company - 2.2%
5. Iberdrola SA EUR0.75 - 2.1%
6. Duke Energy - 2%
7. Nextera Energy - 1.9%
8. Southern Company - 1.9%
9. Telesat Corp Cl A & class A shares - 1.9%
10. Koninklijke Kpn NV EUR0.04 - 1.8%

As of June 30, 2026, from the fund's quarterly holdings report. Original document →