In plain terms — Gabelli Global Utility & Income Trust
Shares currently cost about 7.2% less than the value of the assets behind them (a discount).
Over the past year it has averaged a 1.4% discount, so today's level is somewhat wide for this fund (Z-score -1.4). That describes the past; it does not predict where the discount goes next.
It pays regular distributions worth about 7.5% a year of the share price (7.0% of the assets). That is a payout rate, not a return: part of it may be capital being handed back.
Because the shares trade below the value of their assets, each dollar of reinvested distributions buys about $1.08 of assets — a ReinvestCapture™ rate of 8.1%, more than the payout rate itself. That is buying power, not a return.
The assets themselves grew 11.1% over the past year including distributions (NAV total return).
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Price and NAV, past year
Snapshot
Valuation vs. history
| Window | Average prem/disc | Std. dev. | Z-score | Observations |
|---|---|---|---|---|
| 3 months | -4.85% | 1.11% | -1.57 | 64 |
| 6 months | -4.29% | 1.45% | -1.58 | 126 |
| 1 year | -1.43% | 3.63% | -1.42 | 250 |
| 3 years | -2.14% | — | — | — |
| 5 years | -3.37% | — | — | — |
Current contemporaneous premium/discount -6.59% (close Oct 14, 2026 vs NAV Oct 13, 2026). 1-year range -7.87% to +8.18%. A negative Z-score means a wider discount than the window average — not that the fund is undervalued.
Performance
| Series | 1M | 3M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) |
|---|---|---|---|---|---|---|
| Market price return | -6.33% | -10.97% | -9.44% | -2.68% | +10.19% | -2.93% |
| Market price total return | -5.77% | -9.42% | -4.78% | +4.03% | +18.79% | +4.53% |
| NAV return | -3.95% | -6.51% | +3.15% | +4.00% | +12.20% | -1.68% |
| NAV total return | -3.41% | -4.95% | +8.38% | +11.07% | +20.75% | +5.59% |
Through Oct 14, 2026. Total return reinvests distributions at the series value on the ex-date. Cumulative ≤ 1 year, annualised beyond.
About the fund
The Gabelli Global Utility & Income Trust is a closed-ended equity mutual fund launched by GAMCO Investors, Inc. It is managed by Gabelli Funds, LLC. The fund invests in public equity markets across the globe. It primarily invests in stocks of companies involved to a substantial extent in providing products, services, or equipment for the generation or distribution of electricity, gas, or water and infrastructure operations, and in equity securities including preferred securities of companies in other industries, in each case in such securities that are expected to pay periodic dividends. The fund also invests in income producing securities such as governments. It invests in stocks of companies across market capitalizations. The fund benchmarks the performance of its portfolio against the S&P 500 Utilities Index, Lipper Utility Fund Average, and S&P 500 Index. The Gabelli Global Utility & Income Trust was formed on May 28, 2004 and is based in United States.
CEF Explorer research page for Gabelli Global Utility & Income Trust. Figures carry their own dates and sources; a discount to NAV does not guarantee convergence or any return. This is not investment advice.