Please wait
1
The
Gabelli
Dividend
&
Income
Trust
Schedule
of
Investments
September
30,
2025
(Unaudited)
Shares
Market
Value
COMMON
STOCKS
 —
90.6%
Aerospace
 —
3.2%
1,000‌
Airbus
SE
.......................
$
231,757‌
7,370‌
Allient
Inc.
......................
329,808‌
10,000‌
Astronics
Corp.†
..................
456,100‌
10,000‌
Avio
SpA
.......................
628,117‌
1,950‌
BAE
Systems
plc,
ADR
.............
217,854‌
4,000‌
Ducommun
Inc.†
.................
384,520‌
2,000‌
Elbit
Systems
Ltd.
.................
1,019,600‌
1,000‌
Embraer
SA,
ADR
.................
60,450‌
700‌
Firefly
Aerospace
Inc.†
.............
20,524‌
5,000‌
General
Dynamics
Corp.
............
1,705,000‌
10,000‌
HEICO
Corp.
.....................
3,228,200‌
42,000‌
Hexcel
Corp.
.....................
2,633,400‌
89,000‌
Howmet
Aerospace
Inc.
.............
17,464,470‌
5,000‌
Innovative
Solutions
and
Support
Inc.†
..
62,450‌
700‌
Karman
Holdings
Inc.†
.............
50,540‌
73,650‌
L3Harris
Technologies
Inc.
...........
22,493,447‌
10,000‌
Leidos
Holdings
Inc.
...............
1,889,600‌
6,000‌
Lockheed
Martin
Corp.
.............
2,995,260‌
2,325‌
Mercury
Systems
Inc.†
.............
179,955‌
3,213‌
Northrop
Grumman
Corp.
...........
1,957,745‌
10,000‌
Park
Aerospace
Corp.
..............
203,400‌
1,140,000‌
Rolls-Royce
Holdings
plc
............
18,244,913‌
33,000‌
RTX
Corp.
......................
5,521,890‌
56,800‌
Spirit
AeroSystems
Holdings
Inc.,
Cl. A†
.
2,192,480‌
1,200‌
Thales
SA
......................
375,602‌
76,200‌
The
Boeing
Co.†
..................
16,446,246‌
10,000‌
Woodward
Inc.
...................
2,527,100‌
103,520,428‌
Automotive
 —
0.7%
15,000‌
Daimler
Truck
Holding
AG
...........
616,728‌
25,000‌
Ford
Motor
Co.
...................
299,000‌
7,500‌
General
Motors
Co.
................
457,275‌
219,000‌
Iveco
Group
NV
..................
4,719,382‌
103,800‌
PACCAR
Inc.
....................
10,205,616‌
100,000‌
Piaggio
&
C
SpA
..................
229,879‌
8,000‌
Tesla
Inc.†
......................
3,557,760‌
1,300‌
Toyota
Motor
Corp.,
ADR
............
248,417‌
47,000‌
Traton
SE
.......................
1,505,320‌
21,839,377‌
Automotive:
Parts
and
Accessories
 —
2.3%
44,000‌
Aptiv
plc†
......................
3,793,680‌
18,000‌
Atmus
Filtration
Technologies
Inc.
.....
811,620‌
251,500‌
Dana
Inc.
.......................
5,040,060‌
250,000‌
Dowlais
Group
plc
.................
268,644‌
329,002‌
Garrett
Motion
Inc.
................
4,481,007‌
181,800‌
Genuine
Parts
Co.
.................
25,197,480‌
4,000‌
Lear
Corp.
......................
402,440‌
12,000‌
Modine
Manufacturing
Co.†
..........
1,705,920‌
100,000‌
Monro
Inc.
......................
1,797,000‌
Shares
Market
Value
258,500‌
O'Reilly
Automotive
Inc.†
............
$
27,868,885‌
15,000‌
Phinia
Inc.
......................
862,200‌
72,228,936‌
Broadcasting
 —
0.3%
417,100‌
Canal+
SA
......................
1,374,347‌
187,500‌
Grupo
Televisa
SAB,
ADR
............
504,375‌
37,000‌
Liberty
Broadband
Corp.,
Cl. C†
.......
2,350,980‌
130,000‌
Paramount
Skydance
Corp.,
Cl. B
......
2,459,600‌
148,000‌
Sinclair
Inc.
.....................
2,234,800‌
60,000‌
Sirius
XM
Holdings
Inc.
.............
1,396,500‌
35,000‌
TEGNA
Inc.
.....................
711,550‌
11,032,152‌
Building
and
Construction
 —
1.6%
3,500‌
Amrize
Ltd.†
.....................
169,855‌
5,000‌
Arcosa
Inc.
......................
468,550‌
18,000‌
Builders
FirstSource
Inc.†
...........
2,182,500‌
25,000‌
Carrier
Global
Corp.
...............
1,492,500‌
1,500‌
Cie
de
Saint-Gobain
SA
.............
161,420‌
2,300‌
CRH
plc
........................
275,770‌
10,500‌
D.R.
Horton
Inc.
..................
1,779,435‌
27,200‌
Fortune
Brands
Innovations
Inc.
.......
1,452,208‌
156,100‌
Herc
Holdings
Inc.
................
18,210,626‌
11,000‌
Holcim
AG
......................
930,520‌
3,500‌
IES
Holdings
Inc.†
................
1,391,775‌
129,000‌
Johnson
Controls
International
plc
.....
14,183,550‌
17,500‌
Masterbrand
Inc.†
.................
230,475‌
11,000‌
Sika
AG
........................
2,447,208‌
6,600‌
United
Rentals
Inc.
................
6,300,756‌
51,677,148‌
Business
Services
 —
3.3%
3,700‌
Fidelity
National
Information
Services
Inc.
243,978‌
982,100‌
Havas
NV
.......................
1,805,076‌
4,500‌
ITOCHU
Corp.
....................
256,395‌
16,000‌
Jardine
Matheson
Holdings
Ltd.
.......
1,008,000‌
80,000‌
JCDecaux
SE
....................
1,434,220‌
7,000‌
Loomis
AB
......................
298,606‌
12,000‌
Marubeni
Corp.
...................
300,071‌
132,300‌
Mastercard
Inc.,
Cl. A
..............
75,253,563‌
11,000‌
Mitsubishi
Corp.
..................
262,643‌
10,500‌
Mitsui
&
Co.
Ltd.
.................
261,284‌
190,000‌
NIQ
Global
Intelligence
plc†
..........
2,983,000‌
60,247‌
Paysafe
Ltd.†
....................
778,391‌
30,500‌
Rentokil
Initial
plc,
ADR
.............
770,125‌
13,000‌
RXO
Inc.†
......................
199,940‌
30,503‌
Steel
Partners
Holdings
LP†
..........
1,289,057‌
10,000‌
Sumitomo
Corp.
..................
289,955‌
21,000‌
U-Haul
Holding
Co.†
...............
1,198,470‌
71,000‌
UL
Solutions
Inc.,
Cl. A
.............
5,031,060‌
48,000‌
Vestis
Corp.
.....................
217,440‌
2
The
Gabelli
Dividend
&
Income
Trust
Schedule
of
Investments
(Continued)
September
30,
2025
(Unaudited)
Shares
Market
Value
COMMON
STOCKS
(Continued)
Business
Services
(Continued)
37,600‌
Visa
Inc.,
Cl. A
...................
$
12,835,888‌
106,717,162‌
Cable
and
Satellite
 —
0.7%
15,000‌
Cogeco
Inc.
.....................
651,757‌
420,000‌
Comcast
Corp.,
Cl. A
...............
13,196,400‌
32,800‌
EchoStar
Corp.,
Cl. A†
..............
2,504,608‌
22,000‌
Liberty
Latin
America
Ltd.,
Cl. A†
......
182,380‌
120,000‌
Liberty
Latin
America
Ltd.,
Cl. C†
......
1,012,800‌
174,500‌
Rogers
Communications
Inc.,
Cl. B
.....
6,015,015‌
23,562,960‌
Communications
Equipment
 —
0.8%
96,000‌
Arista
Networks
Inc.†
..............
13,988,160‌
99,000‌
Corning
Inc.
.....................
8,120,970‌
7,500‌
QUALCOMM
Inc.
.................
1,247,700‌
65,000‌
Telesat
Corp.†
...................
1,722,500‌
25,079,330‌
Computer
Hardware
 —
1.0%
103,300‌
Apple
Inc.
......................
26,303,279‌
10,000‌
Dell
Technologies
Inc.,
Cl. C
..........
1,417,700‌
5,000‌
HP
Inc.
........................
136,150‌
17,500‌
Micron
Technology
Inc.
.............
2,928,100‌
30,785,229‌
Computer
Software
and
Services
 —
6.7%
30,000‌
3D
Systems
Corp.†
................
87,000‌
1,000‌
Akamai
Technologies
Inc.†
...........
75,760‌
1,000‌
Alibaba
Group
Holding
Ltd.,
ADR
......
178,730‌
25,000‌
Alphabet
Inc.,
Cl. A
................
6,077,500‌
152,200‌
Alphabet
Inc.,
Cl. C
................
37,068,310‌
110,600‌
Amazon.com
Inc.†
................
24,284,442‌
8,520‌
Backblaze
Inc.,
Cl. A†
..............
79,066‌
1,250‌
Capgemini
SE
....................
181,317‌
4,000‌
Check
Point
Software
Technologies
Ltd.†
.
827,640‌
23,000‌
Cisco
Systems
Inc.
................
1,573,660‌
12,800‌
CrowdStrike
Holdings
Inc.,
Cl. A†
......
6,276,864‌
5,000‌
Fastly
Inc.,
Cl. A†
.................
42,750‌
23,000‌
Fiserv
Inc.†
.....................
2,965,390‌
2,031‌
Fortinet
Inc.†
....................
170,766‌
2,500‌
Gen
Digital
Inc.
...................
70,975‌
533,589‌
Hewlett
Packard
Enterprise
Co.
........
13,104,946‌
4,790‌
Intuit
Inc.
.......................
3,271,139‌
35,600‌
Kyndryl
Holdings
Inc.†
.............
1,069,068‌
30,650‌
Meta
Platforms
Inc.,
Cl. A
...........
22,508,747‌
107,700‌
Microsoft
Corp.
..................
55,783,215‌
9,386‌
MKS
Inc.
.......................
1,161,705‌
81,000‌
N-able
Inc.†
.....................
631,800‌
42,700‌
Oracle
Corp.
.....................
12,008,948‌
11,800‌
Palantir
Technologies
Inc.,
Cl. A†
......
2,152,556‌
41,400‌
Rockwell
Automation
Inc.
...........
14,470,542‌
Shares
Market
Value
1,000‌
Rubrik
Inc.,
Cl. A†
.................
$
82,250‌
4,500‌
SAP
SE,
ADR
....................
1,202,445‌
7,400‌
ServiceNow
Inc.†
.................
6,810,072‌
32,000‌
Stratasys
Ltd.†
...................
358,400‌
19,757‌
Vimeo
Inc.†
.....................
153,117‌
214,729,120‌
Consumer
Products
 —
1.9%
30,000‌
Church
&
Dwight
Co.
Inc.
...........
2,628,900‌
153,000‌
Edgewell
Personal
Care
Co.
..........
3,115,080‌
33,000‌
Energizer
Holdings
Inc.
.............
821,370‌
95,000‌
Hanesbrands
Inc.†
................
626,050‌
3,995‌
Nintendo
Co.
Ltd.,
ADR
.............
85,253‌
224,500‌
Philip
Morris
International
Inc.
........
36,413,900‌
109,670‌
Spectrum
Brands
Holdings
Inc.
.......
5,760,965‌
20,000‌
The
Estee
Lauder
Companies
Inc.,
Cl. A
..
1,762,400‌
62,100‌
The
Procter
&
Gamble
Co.,
CDI
.......
9,541,665‌
17,000‌
The
Scotts
Miracle-Gro
Co.
..........
968,150‌
61,723,733‌
Consumer
Services
 —
0.2%
86,530‌
Arlo
Technologies
Inc.†
.............
1,466,684‌
14,500‌
Ashtead
Group
plc
................
968,227‌
6,000‌
Avis
Budget
Group
Inc.†
............
963,450‌
7,000‌
Travel
+
Leisure
Co.
................
416,430‌
17,000‌
Uber
Technologies
Inc.†
............
1,665,490‌
5,480,281‌
Diversified
Industrial
 —
4.8%
500‌
Agilent
Technologies
Inc.
............
64,175‌
19,117‌
Albany
International
Corp.,
Cl. A
.......
1,018,936‌
10,555‌
American
Outdoor
Brands
Inc.†
.......
91,617‌
255,000‌
Ampco-Pittsburgh
Corp.†
...........
583,950‌
10,345‌
AZZ
Inc.
........................
1,128,950‌
2,000‌
Belden
Inc.
......................
240,540‌
95,000‌
Bouygues
SA
....................
4,274,012‌
10,000‌
Cadre
Holdings
Inc.
................
365,100‌
10,000‌
Carpenter
Technology
Corp.
..........
2,455,400‌
27,500‌
CompoSecure
Inc.,
Cl. A†
...........
572,550‌
14,800‌
Crane
Co.
.......................
2,725,272‌
1,000‌
Crane
NXT
Co.
...................
67,070‌
36,900‌
Eaton
Corp.
plc
...................
13,809,825‌
3,000‌
Fluor
Corp.†
.....................
126,210‌
109,500‌
General
Electric
Co.
................
32,939,790‌
3,500‌
Graham
Corp.†
...................
192,150‌
6,000‌
Greif
Inc.,
Cl. A
...................
358,560‌
100,000‌
Griffon
Corp.
....................
7,615,000‌
12,500‌
GXO
Logistics
Inc.†
...............
661,125‌
182,300‌
Honeywell
International
Inc.
..........
38,374,150‌
10,500‌
Hyster-Yale
Inc.
..................
387,030‌
43,000‌
ITT
Inc.
........................
7,686,680‌
2,278‌
Moog
Inc.,
Cl. A
..................
473,072‌
9,500‌
nVent
Electric
plc
.................
937,080‌
3
The
Gabelli
Dividend
&
Income
Trust
Schedule
of
Investments
(Continued)
September
30,
2025
(Unaudited)
Shares
Market
Value
COMMON
STOCKS
(Continued)
Diversified
Industrial
(Continued)
13,000‌
Pentair
plc
......................
$
1,439,880‌
10,678‌
Proto
Labs
Inc.†
..................
534,220‌
100,000‌
Senior
plc
......................
267,097‌
1,250‌
Siemens
AG
.....................
336,365‌
9,000‌
Smiths
Group
plc
.................
284,688‌
6,500‌
Sulzer
AG
.......................
1,100,685‌
2,000‌
Symrise
AG
.....................
173,853‌
291,300‌
Textron
Inc.
.....................
24,611,937‌
15,225‌
The
Sherwin-Williams
Co.
...........
5,271,809‌
300,000‌
Toray
Industries
Inc.
...............
1,917,639‌
36,000‌
Trinity
Industries
Inc.
...............
1,009,440‌
250‌
VeriSign
Inc.
....................
69,893‌
154,165,750‌
Electronics
 —
2.9%
1,000‌
Garmin
Ltd.
.....................
246,220‌
42,733‌
Intel
Corp.
......................
1,433,692‌
10,025‌
Kimball
Electronics
Inc.†
............
299,347‌
133,000‌
Resideo
Technologies
Inc.†
..........
5,742,940‌
5,650‌
Signify
NV
......................
147,924‌
1,739,940‌
Sony
Group
Corp.,
ADR
.............
50,092,873‌
36,000‌
TE
Connectivity
plc
................
7,903,080‌
105,330‌
Texas
Instruments
Inc.
.............
19,352,281‌
11,000‌
Thermo
Fisher
Scientific
Inc.
.........
5,335,220‌
3,500‌
Universal
Display
Corp.
.............
502,705‌
2,000‌
WESCO
International
Inc.
............
423,000‌
91,479,282‌
Energy
and
Utilities
 —
0.7%
97,000‌
Alliant
Energy
Corp.
...............
6,538,770‌
400‌
Cheniere
Energy
Inc.
...............
93,992‌
20,600‌
GE
Vernova
Inc.
..................
12,666,940‌
16,000‌
Northwest
Natural
Holding
Co.
........
718,880‌
25,000‌
NOV
Inc.
.......................
331,250‌
70,000‌
Venture
Global
Inc.,
Cl. A
............
993,300‌
21,343,132‌
Energy
and
Utilities:
Electric
 —
0.3%
50,000‌
Algonquin
Power
&
Utilities
Corp.
......
268,500‌
2,000‌
ALLETE
Inc.
.....................
132,800‌
5,000‌
American
Electric
Power
Co.
Inc.
......
562,500‌
29,000‌
Electric
Power
Development
Co.
Ltd.
....
544,075‌
59,000‌
Evergy
Inc.
......................
4,485,180‌
12,000‌
Pinnacle
West
Capital
Corp.
..........
1,075,920‌
10,000‌
Portland
General
Electric
Co.
.........
440,000‌
32,000‌
PPL
Corp.
......................
1,189,120‌
54,100‌
The
AES
Corp.
...................
711,956‌
6,500‌
WEC
Energy
Group
Inc.
.............
744,835‌
10,154,886‌
Energy
and
Utilities:
Integrated
 —
1.1%
18,000‌
Chubu
Electric
Power
Co.
Inc.
........
250,553‌
Shares
Market
Value
20,000‌
Endesa
SA
......................
$
638,918‌
228,000‌
Enel
SpA
.......................
2,159,134‌
12,500‌
Eversource
Energy
................
889,250‌
33,000‌
Hawaiian
Electric
Industries
Inc.†
......
364,320‌
410,000‌
Hera
SpA
.......................
1,843,611‌
16,000‌
Hokkaido
Electric
Power
Co.
Inc.
......
117,280‌
40,000‌
Iberdrola
SA,
ADR
.................
3,042,400‌
115,000‌
Korea
Electric
Power
Corp.,
ADR
......
1,500,750‌
23,000‌
Kyushu
Electric
Power
Co.
Inc.
........
230,101‌
23,000‌
MGE
Energy
Inc.
..................
1,936,140‌
122,000‌
NextEra
Energy
Inc.
................
9,209,780‌
49,000‌
NiSource
Inc.
....................
2,121,700‌
10,000‌
Northwestern
Energy
Group
Inc.
.......
586,100‌
57,500‌
OGE
Energy
Corp.
.................
2,660,525‌
11,000‌
Ormat
Technologies
Inc.
............
1,058,750‌
30,000‌
Public
Service
Enterprise
Group
Inc.
....
2,503,800‌
50,000‌
Shikoku
Electric
Power
Co.
Inc.
.......
444,602‌
35,000‌
The
Chugoku
Electric
Power
Co.
Inc.
....
199,584‌
18,000‌
The
Kansai
Electric
Power
Co.
Inc.
.....
257,856‌
52,000‌
Tohoku
Electric
Power
Co.
Inc.
........
378,348‌
68,000‌
TXNM
Energy
Inc.
.................
3,845,400‌
36,238,902‌
Energy
and
Utilities:
Natural
Gas
 —
1.4%
16,000‌
APA
Corp.
......................
388,480‌
190,000‌
Enterprise
Products
Partners
LP
.......
5,941,300‌
47,000‌
Kinder
Morgan
Inc.
................
1,330,570‌
243,100‌
National
Fuel
Gas
Co.
..............
22,455,147‌
82,499‌
National
Grid
plc
..................
1,184,422‌
20,000‌
National
Grid
plc,
ADR
..............
1,453,400‌
14,300‌
ONEOK
Inc.
.....................
1,043,471‌
62,000‌
Sempra
........................
5,578,760‌
39,000‌
Southwest
Gas
Holdings
Inc.
.........
3,055,260‌
44,000‌
UGI
Corp.
.......................
1,463,440‌
43,894,250‌
Energy
and
Utilities:
Oil
 —
3.1%
79,185‌
Chevron
Corp.
...................
12,296,639‌
193,800‌
ConocoPhillips
...................
18,331,542‌
65,000‌
Devon
Energy
Corp.
...............
2,278,900‌
123,000‌
Eni
SpA,
ADR
....................
4,298,850‌
367,500‌
Equinor
ASA,
ADR
................
8,959,650‌
115,300‌
Exxon
Mobil
Corp.
................
13,000,075‌
24,000‌
Innovex
International
Inc.†
...........
444,960‌
112,000‌
Marathon
Petroleum
Corp.
...........
21,586,880‌
27,257‌
Occidental
Petroleum
Corp.
..........
1,287,893‌
100,000‌
PetroChina
Co.
Ltd.,
Cl. H
...........
90,980‌
25,000‌
Petroleo
Brasileiro
SA
-
Petrobras,
ADR
..
316,500‌
22,000‌
Phillips
66
......................
2,992,440‌
75,000‌
Repsol
SA,
ADR
..................
1,335,000‌
89,300‌
Shell
plc,
ADR
...................
6,387,629‌
2,900‌
Texas
Pacific
Land
Corp.
............
2,707,556‌
70,000‌
TotalEnergies
SE,
ADR
..............
4,178,300‌
4
The
Gabelli
Dividend
&
Income
Trust
Schedule
of
Investments
(Continued)
September
30,
2025
(Unaudited)
Shares
Market
Value
COMMON
STOCKS
(Continued)
Energy
and
Utilities:
Oil
(Continued)
2,891‌
Woodside
Energy
Group
Ltd.,
ADR
.....
$
43,509‌
100,537,303‌
Energy
and
Utilities:
Services
 —
0.8%
441,025‌
Halliburton
Co.
...................
10,849,215‌
107,975‌
Oceaneering
International
Inc.†
.......
2,675,620‌
320,200‌
Schlumberger
NV
.................
11,005,274‌
24,530,109‌
Energy
and
Utilities:
Water
 —
0.3%
11,000‌
American
States
Water
Co.
...........
806,520‌
6,000‌
American
Water
Works
Co.
Inc.
.......
835,140‌
60,000‌
Essential
Utilities
Inc.
..............
2,394,000‌
22,000‌
H2O
America
....................
1,071,400‌
74,500‌
Mueller
Water
Products
Inc.,
Cl. A
.....
1,901,240‌
34,000‌
Severn
Trent
plc
..................
1,183,404‌
7,500‌
The
York
Water
Co.
................
228,150‌
8,000‌
United
Utilities
Group
plc,
ADR
........
248,160‌
8,668,014‌
Entertainment
 —
2.6%
226,000‌
Atlanta
Braves
Holdings
Inc.,
Cl. A†
....
10,276,220‌
113,000‌
Atlanta
Braves
Holdings
Inc.,
Cl. C†
....
4,699,670‌
68,000‌
Brightstar
Lottery
plc
...............
1,173,000‌
35,800‌
Caesars
Entertainment
Inc.†
..........
967,495‌
53,333‌
Fox
Corp.,
Cl. A
...................
3,363,179‌
69,000‌
Fox
Corp.,
Cl. B
...................
3,953,010‌
37,880‌
Madison
Square
Garden
Entertainment
Corp.†
.......................
1,713,691‌
52,900‌
Madison
Square
Garden
Sports
Corp.†
..
12,008,300‌
13,700‌
Netflix
Inc.†
.....................
16,425,204‌
50,000‌
Ollamani
SAB†
...................
149,889‌
13,000‌
Penn
Entertainment
Inc.†
............
250,380‌
29,880‌
Sphere
Entertainment
Co.†
..........
1,856,146‌
2,000‌
Spotify
Technology
SA†
.............
1,396,000‌
16,500‌
Take-Two
Interactive
Software
Inc.†
....
4,262,940‌
1,900‌
The
Walt
Disney
Co.
...............
217,550‌
70,000‌
Universal
Music
Group
NV
...........
2,018,427‌
1,047,100‌
Vivendi
SE
......................
3,685,584‌
671,000‌
Warner
Bros
Discovery
Inc.†
.........
13,104,630‌
81,521,315‌
Environmental
Services
 —
2.4%
167,300‌
Republic
Services
Inc.
..............
38,392,004‌
29,180‌
Veolia
Environnement
SA
............
992,819‌
85,222‌
Waste
Connections
Inc.
.............
14,982,028‌
96,600‌
Waste
Management
Inc.
............
21,332,178‌
75,699,029‌
Equipment
and
Supplies
 —
1.9%
9,000‌
3M
Co.
........................
1,396,620‌
3,000‌
CTS
Corp.
......................
119,820‌
Shares
Market
Value
101,000‌
Flowserve
Corp.
..................
$
5,367,140‌
108,000‌
Graco
Inc.
......................
9,175,680‌
226,550‌
Mueller
Industries
Inc.
..............
22,906,470‌
456,825‌
RPC
Inc.
.......................
2,174,487‌
70,000‌
Sealed
Air
Corp.
..................
2,474,500‌
102,500‌
The
Timken
Co.
...................
7,705,950‌
25,500‌
Valmont
Industries
Inc.
.............
9,887,115‌
10,000‌
Xerox
Holdings
Corp.
..............
37,600‌
61,245,382‌
Financial
Services
 —
18.1%
207,800‌
American
Express
Co.
..............
69,022,848‌
50,900‌
American
International
Group
Inc.
......
3,997,686‌
9,000‌
Apollo
Global
Management
Inc.
.......
1,199,430‌
2,000‌
Arthur
J.
Gallagher
&
Co.
............
619,480‌
218,000‌
Bank
of
America
Corp.
..............
11,246,620‌
47,500‌
Berkshire
Hathaway
Inc.,
Cl. B†
.......
23,880,150‌
14,650‌
Blackrock
Inc.
....................
17,079,995‌
73,500‌
Blackstone
Inc.
...................
12,557,475‌
70,000‌
Blue
Owl
Capital
Inc.
...............
1,185,100‌
7,174‌
Brookfield
Asset
Management
Ltd.,
Cl. A
.
408,488‌
27,000‌
Brookfield
Corp.
..................
1,851,660‌
196‌
Brookfield
Wealth
Solutions
Ltd.
.......
13,424‌
12,000‌
Brooks
Macdonald
Group
plc
.........
292,112‌
14,000‌
Cannae
Holdings
Inc.
..............
256,340‌
1,000‌
Chubb
Ltd.
......................
282,250‌
130,500‌
Citigroup
Inc.
....................
13,245,750‌
200,000‌
Conn's
Inc.,
Escrow†(a)
............
20‌
18,200‌
Cullen/Frost
Bankers
Inc.
............
2,307,214‌
11,000‌
EXOR
NV
.......................
1,074,491‌
128‌
Farmers
&
Merchants
Bank
of
Long
Beach
913,920‌
37,000‌
Fidelity
National
Financial
Inc.
.........
2,238,130‌
2,500‌
First
Citizens
BancShares
Inc.,
Cl. A
....
4,472,900‌
87,000‌
FTAI
Aviation
Ltd.
.................
14,516,820‌
22,700‌
HSBC
Holdings
plc,
ADR
............
1,611,246‌
51,600‌
Interactive
Brokers
Group
Inc.,
Cl. A
....
3,550,596‌
27,000‌
Intercontinental
Exchange
Inc.
........
4,548,960‌
195,000‌
Invesco
Ltd.
.....................
4,473,300‌
5,100‌
Janus
Henderson
Group
plc
..........
227,001‌
247,900‌
JPMorgan
Chase
&
Co.
.............
78,195,097‌
63,000‌
KeyCorp.
.......................
1,177,470‌
128,400‌
KKR
&
Co.
Inc.
...................
16,685,580‌
77,000‌
Loews
Corp.
.....................
7,730,030‌
35,500‌
M&T
Bank
Corp.
..................
7,015,510‌
7,400‌
Moody's
Corp.
...................
3,525,952‌
168,460‌
Morgan
Stanley
..................
26,778,402‌
70,000‌
National
Australia
Bank
Ltd.,
ADR
......
1,022,000‌
124,000‌
Navient
Corp.
....................
1,630,600‌
59,200‌
Northern
Trust
Corp.
...............
7,968,320‌
175,000‌
Oaktree
Specialty
Lending
Corp.
.......
2,283,750‌
5,000‌
PayPal
Holdings
Inc.†
..............
335,300‌
80,000‌
Resona
Holdings
Inc.
..............
817,121‌
5
The
Gabelli
Dividend
&
Income
Trust
Schedule
of
Investments
(Continued)
September
30,
2025
(Unaudited)
Shares
Market
Value
COMMON
STOCKS
(Continued)
Financial
Services
(Continued)
12,500‌
S&P
Global
Inc.
..................
$
6,083,875‌
90,000‌
SLM
Corp.
......................
2,491,200‌
347,988‌
Sony
Financial
Group
Inc.,
ADR†
......
1,927,854‌
145,000‌
State
Street
Corp.
.................
16,821,450‌
420,000‌
SuRo
Capital
Corp.
................
3,780,000‌
14,500‌
Synovus
Financial
Corp.
............
711,660‌
112,500‌
T.
Rowe
Price
Group
Inc.
............
11,547,000‌
571,100‌
The
Bank
of
New
York
Mellon
Corp.
....
62,227,056‌
36,000‌
The
Charles
Schwab
Corp.
...........
3,436,920‌
25,000‌
The
Goldman
Sachs
Group
Inc.
.......
19,908,750‌
76,000‌
The
Hartford
Insurance
Group
Inc.
.....
10,137,640‌
138,000‌
The
PNC
Financial
Services
Group
Inc.
..
27,728,340‌
62,500‌
The
Travelers
Companies
Inc.
.........
17,451,250‌
16,644‌
Tiptree
Inc.
......................
319,065‌
30,000‌
TP
ICAP
Group
plc
................
111,156‌
81,750‌
W.
R.
Berkley
Corp.
................
6,263,685‌
386,850‌
Wells
Fargo
&
Co.
.................
32,425,767‌
2,300‌
Willis
Towers
Watson
plc
............
794,535‌
576,405,741‌
Food
and
Beverage
 —
5.6%
24,000‌
Ajinomoto
Co.
Inc.
................
689,076‌
140,000‌
BellRing
Brands
Inc.†
..............
5,089,000‌
900,000‌
China
Mengniu
Dairy
Co.
Ltd.
.........
1,734,784‌
40,000‌
Conagra
Brands
Inc.
...............
732,400‌
154,000‌
Danone
SA
......................
13,408,402‌
1,900,000‌
Davide
Campari-Milano
NV
..........
11,978,832‌
10,000‌
Diageo
plc
......................
238,787‌
141,650‌
Diageo
plc,
ADR
..................
13,517,660‌
70,954‌
Flowers
Foods
Inc.
................
925,950‌
135,000‌
General
Mills
Inc.
.................
6,806,700‌
18,000‌
Heineken
Holding
NV
...............
1,233,105‌
260,000‌
ITO
EN
Ltd.
.....................
6,120,026‌
126,500‌
Keurig
Dr
Pepper
Inc.
..............
3,227,015‌
1,575,000‌
Kikkoman
Corp.
..................
13,365,960‌
7,800‌
Lamb
Weston
Holdings
Inc.
..........
453,024‌
10,000‌
Lifecore
Biomedical
Inc.†
............
73,600‌
106,000‌
Maple
Leaf
Foods
Inc.
..............
2,742,732‌
6,000‌
McCormick
&
Co.
Inc.
..............
400,320‌
97,000‌
Molson
Coors
Beverage
Co.,
Cl. B
......
4,389,250‌
334,500‌
Mondelēz
International
Inc.,
Cl. A
......
20,896,215‌
60,000‌
Morinaga
Milk
Industry
Co.
Ltd.
.......
1,405,416‌
10,000‌
Nathan's
Famous
Inc.
..............
1,107,400‌
5,000‌
National
Beverage
Corp.†
............
184,600‌
24,000‌
Nestlé
SA
.......................
2,202,977‌
384,000‌
Nissin
Foods
Holdings
Co.
Ltd.
........
7,234,162‌
63,082‌
Nomad
Foods
Ltd.
................
829,528‌
37,000‌
PepsiCo
Inc.
.....................
5,196,280‌
39,300‌
Pernod
Ricard
SA
.................
3,854,549‌
41,500‌
Post
Holdings
Inc.†
................
4,460,420‌
Shares
Market
Value
20,000‌
Remy
Cointreau
SA
................
$
1,079,656‌
15,500‌
The
Boston
Beer
Co.
Inc.,
Cl. A†
.......
3,277,010‌
333,000‌
The
Campbell's
Company
...........
10,516,140‌
206,300‌
The
Coca-Cola
Co.
................
13,681,816‌
14,500‌
The
Hain
Celestial
Group
Inc.†
........
22,910‌
9,000‌
The
Hershey
Co.
..................
1,683,450‌
10,150‌
The
J.M.
Smucker
Co.
..............
1,102,290‌
203,700‌
The
Kraft
Heinz
Co.
................
5,304,348‌
25,000‌
The
Simply
Good
Foods
Co.†
.........
620,500‌
25,000‌
Treatt
plc
.......................
90,277‌
4,000‌
Unilever
plc,
ADR
.................
237,120‌
470,000‌
Yakult
Honsha
Co.
Ltd.
.............
7,664,097‌
179,777,784‌
Health
Care
 —
7.8%
30,000‌
Abbott
Laboratories
...............
4,018,200‌
48,700‌
AbbVie
Inc.
.....................
11,275,998‌
3,000‌
Amgen
Inc.
.....................
846,600‌
30,000‌
AstraZeneca
plc,
ADR
..............
2,301,600‌
180,000‌
Avantor
Inc.†
....................
2,246,400‌
200,000‌
Bausch
+
Lomb
Corp.†
.............
3,014,000‌
334,000‌
Baxter
International
Inc.
.............
7,605,180‌
28,500‌
Becton
Dickinson
&
Co.
.............
5,334,345‌
2,300‌
BioMarin
Pharmaceutical
Inc.†
........
124,568‌
9,000‌
Bio-Rad
Laboratories
Inc.,
Cl. A†
......
2,523,510‌
45,000‌
Boston
Scientific
Corp.†
............
4,393,350‌
20,000‌
Bristol-Myers
Squibb
Co.
............
902,000‌
22,000‌
Cencora
Inc.
.....................
6,875,660‌
8,500‌
Charles
River
Laboratories
International
Inc.†
........................
1,329,910‌
11,500‌
Chemed
Corp.
...................
5,149,010‌
10,000‌
CVS
Group
plc
...................
167,844‌
15,207‌
DaVita
Inc.†
.....................
2,020,554‌
1,000‌
Demant
A/S†
....................
34,633‌
52,500‌
Elanco
Animal
Health
Inc.†
...........
1,057,350‌
15,000‌
Elevance
Health
Inc.
...............
4,846,800‌
44,600‌
Eli
Lilly
&
Co.
....................
34,029,800‌
263,000‌
Evolent
Health
Inc.,
Cl. A†
...........
2,224,980‌
24,500‌
Fortrea
Holdings
Inc.†
..............
206,290‌
467‌
GE
HealthCare
Technologies
Inc.
.......
35,072‌
9,000‌
Gerresheimer
AG
.................
372,996‌
25,000‌
Haleon
plc
......................
111,761‌
50,000‌
Halozyme
Therapeutics
Inc.†
.........
3,667,000‌
13,000‌
HCA
Healthcare
Inc.
...............
5,540,600‌
44,300‌
Henry
Schein
Inc.†
................
2,940,191‌
34,000‌
ICU
Medical
Inc.†
.................
4,078,640‌
8,600‌
Incyte
Corp.†
....................
729,366‌
37,500‌
Integer
Holdings
Corp.†
.............
3,874,875‌
15,100‌
Intuitive
Surgical
Inc.†
..............
6,753,173‌
93,000‌
Johnson
&
Johnson
...............
17,244,060‌
3,735‌
Kenvue
Inc.
.....................
60,619‌
22,700‌
Labcorp
Holdings
Inc.
..............
6,516,262‌
6
The
Gabelli
Dividend
&
Income
Trust
Schedule
of
Investments
(Continued)
September
30,
2025
(Unaudited)
Shares
Market
Value
COMMON
STOCKS
(Continued)
Health
Care
(Continued)
20,000‌
Lantheus
Holdings
Inc.†
............
$
1,025,800‌
4,700‌
McKesson
Corp.
..................
3,630,938‌
40,000‌
Medtronic
plc
....................
3,809,600‌
146,600‌
Merck
&
Co.
Inc.
..................
12,304,138‌
205,000‌
Option
Care
Health
Inc.†
............
5,690,800‌
100,000‌
Owens
&
Minor
Inc.†
..............
480,000‌
100,000‌
Pacific
Biosciences
of
California
Inc.†
...
128,000‌
78,700‌
Perrigo
Co.
plc
...................
1,752,649‌
408,000‌
Pfizer
Inc.
......................
10,395,840‌
30,000‌
QuidelOrtho
Corp.†
................
883,500‌
11,000‌
Smith
&
Nephew
plc
...............
197,868‌
27,400‌
Stryker
Corp.
....................
10,128,958‌
80,000‌
Surgery
Partners
Inc.†
.............
1,731,200‌
2,200‌
Teladoc
Health
Inc.†
...............
17,006‌
53,000‌
Tenet
Healthcare
Corp.†
.............
10,761,120‌
165,000‌
Teva
Pharmaceutical
Industries
Ltd.,
ADR†
3,333,000‌
38,000‌
The
Cigna
Group
..................
10,953,500‌
48,000‌
The
Cooper
Companies
Inc.†
.........
3,290,880‌
14,000‌
Treace
Medical
Concepts
Inc.†
........
93,940‌
5,300‌
UnitedHealth
Group
Inc.
............
1,830,090‌
7,500‌
Vertex
Pharmaceuticals
Inc.†
.........
2,937,300‌
23,000‌
Viatris
Inc.
......................
227,700‌
31,300‌
Zimmer
Biomet
Holdings
Inc.
.........
3,083,050‌
45,000‌
Zoetis
Inc.
......................
6,584,400‌
249,724,474‌
Hotels
and
Gaming
 —
0.4%
19,000‌
Accor
SA
.......................
898,970‌
57,520‌
Boyd
Gaming
Corp.
................
4,972,604‌
62,000‌
Entain
plc
.......................
728,608‌
1,100‌
Flutter
Entertainment
plc†
...........
279,400‌
16,500‌
Golden
Entertainment
Inc.
...........
389,070‌
10,200‌
Las
Vegas
Sands
Corp.
.............
548,658‌
400,000‌
Mandarin
Oriental
International
Ltd.
....
940,000‌
4,400‌
MGM
Resorts
International†
.........
152,504‌
16,900‌
Ryman
Hospitality
Properties
Inc.,
REIT
.
1,514,071‌
30,000‌
Super
Group
SGHC
Ltd.
.............
396,000‌
4,500‌
Wyndham
Hotels
&
Resorts
Inc.
.......
359,550‌
1,000‌
Wynn
Resorts
Ltd.
................
128,270‌
11,307,705‌
Industrials
 —
0.0%
4,500‌
Clarkson
plc
.....................
222,110‌
Machinery
 —
2.4%
66,000‌
Astec
Industries
Inc.
...............
3,176,580‌
1,962,700‌
CNH
Industrial
NV
.................
21,295,295‌
53,100‌
Deere
&
Co.
.....................
24,280,506‌
17,000‌
Oshkosh
Corp.
...................
2,204,900‌
3,500‌
Otis
Worldwide
Corp.
..............
320,005‌
1,500‌
Tennant
Co.
.....................
121,590‌
Shares
Market
Value
40,000‌
Twin
Disc
Inc.
....................
$
557,600‌
5,000‌
Vertiv
Holdings
Co.,
Cl. A
............
754,300‌
166,980‌
Xylem
Inc.
......................
24,629,550‌
77,340,326‌
Metals
and
Mining
 —
1.5%
54,585‌
Agnico
Eagle
Mines
Ltd.
............
9,200,848‌
16,000‌
Alliance
Resource
Partners
LP
........
404,560‌
10,000‌
ATI
Inc.†
.......................
813,400‌
124,190‌
Barrick
Mining
Corp.
...............
4,069,706‌
8,000‌
BHP
Group
Ltd.,
ADR
..............
446,000‌
14,000‌
Endeavour
Mining
plc
..............
588,086‌
10,000‌
Franco-Nevada
Corp.
...............
2,225,839‌
860‌
Franco-Nevada
Corp.,
New
York
.......
191,703‌
199,500‌
Freeport-McMoRan
Inc.
.............
7,824,390‌
2,500‌
Materion
Corp.
...................
302,025‌
267,970‌
Newmont
Corp.
..................
22,592,551‌
48,659,108‌
Paper
and
Forest
Products
 —
0.0%
11,500‌
International
Paper
Co.
.............
533,600‌
2,200‌
Keweenaw
Land
Association
Ltd.†
.....
83,600‌
617,200‌
Publishing
 —
0.0%
1,200‌
Graham
Holdings
Co.,
Cl. B
..........
1,412,772‌
82,100‌
Louis
Hachette
Group
..............
148,729‌
1,561,501‌
Real
Estate
 —
0.1%
5,000‌
Howard
Hughes
Holdings
Inc.†
.......
410,850‌
50,000‌
Millrose
Properties
Inc.,
REIT
.........
1,680,500‌
44,000‌
Tejon
Ranch
Co.†
.................
703,120‌
2,794,470‌
Real
Estate
Investment
Trust
 —
0.5%
50,500‌
American
Tower
Corp.
..............
9,712,160‌
30,000‌
Apartment
Investment
and
Management
Co.,
Cl. A
.....................
237,900‌
16,000‌
Crown
Castle
Inc.
.................
1,543,840‌
1,400‌
Equinix
Inc.
.....................
1,096,536‌
51,687‌
Safehold
Inc.
....................
800,632‌
2,500‌
The
St.
Joe
Co.
...................
123,700‌
12,600‌
VICI
Properties
Inc.
................
410,886‌
95,000‌
Weyerhaeuser
Co.
.................
2,355,050‌
16,280,704‌
Retail
 —
2.6%
77,000‌
AutoNation
Inc.†
..................
16,845,290‌
900‌
AutoZone
Inc.†
...................
3,861,216‌
19,000‌
Bassett
Furniture
Industries
Inc.
.......
297,160‌
63,000‌
CarMax
Inc.†
....................
2,826,810‌
6,900‌
Costco
Wholesale
Corp.
.............
6,386,847‌
115,000‌
CVS
Health
Corp.
.................
8,669,850‌
1,700‌
Ferguson
Enterprises
Inc.
...........
381,786‌
7
The
Gabelli
Dividend
&
Income
Trust
Schedule
of
Investments
(Continued)
September
30,
2025
(Unaudited)
Shares
Market
Value
COMMON
STOCKS
(Continued)
Retail
(Continued)
447,000‌
Hertz
Global
Holdings
Inc.†
..........
$
3,039,600‌
98,500‌
Ingles
Markets
Inc.,
Cl. A
............
6,851,660‌
26,400‌
Lowe's
Companies
Inc.
.............
6,634,584‌
6,500‌
Macy's
Inc.
.....................
116,545‌
9,900‌
MSC
Industrial
Direct
Co.
Inc.,
Cl. A
....
912,186‌
13,000‌
Penske
Automotive
Group
Inc.
........
2,260,830‌
54,600‌
Rush
Enterprises
Inc.,
Cl. B
..........
3,135,132‌
217,000‌
Sally
Beauty
Holdings
Inc.†
..........
3,532,760‌
348,000‌
Seven
&
i
Holdings
Co.
Ltd.
..........
4,685,181‌
10,000‌
Starbucks
Corp.
..................
846,000‌
6,000‌
The
Home
Depot
Inc.
...............
2,431,140‌
60,500‌
The
Kroger
Co.
...................
4,078,305‌
60,000‌
Walmart
Inc.
....................
6,183,600‌
83,976,482‌
Semiconductors
 —
2.5%
31,000‌
Advanced
Micro
Devices
Inc.†
........
5,015,490‌
29,000‌
Applied
Materials
Inc.
..............
5,937,460‌
6,500‌
ASML
Holding
NV
.................
6,292,585‌
2,000‌
Axcelis
Technologies
Inc.†
...........
195,280‌
55,700‌
Broadcom
Inc.
...................
18,375,987‌
4,000‌
Entegris
Inc.
.....................
369,840‌
11,500‌
GLOBALFOUNDRIES
Inc.†
...........
412,160‌
200‌
Hensoldt
AG
.....................
25,899‌
197,000‌
NVIDIA
Corp.
....................
36,756,260‌
4,300‌
NXP
Semiconductors
NV
............
979,239‌
34,804‌
SkyWater
Technology
Inc.†
..........
649,443‌
10,900‌
Taiwan
Semiconductor
Manufacturing
Co.
Ltd.,
ADR
.....................
3,044,261‌
1,500‌
Teradyne
Inc.
....................
206,460‌
78,260,364‌
Specialty
Chemicals
 —
0.9%
11,000‌
Air
Products
and
Chemicals
Inc.
.......
2,999,920‌
20,000‌
Ashland
Inc.
.....................
958,200‌
7,000‌
Axalta
Coating
Systems
Ltd.†
.........
200,340‌
2,900‌
DSM-Firmenich
AG
................
246,912‌
195,000‌
DuPont
de
Nemours
Inc.
............
15,190,500‌
10,000‌
International
Flavors
&
Fragrances
Inc.
..
615,400‌
16,760‌
Novonesis
Novozymes
B
............
1,025,679‌
83,000‌
Olin
Corp.
......................
2,074,170‌
11,000‌
Rogers
Corp.†
...................
885,060‌
10,000‌
Sensient
Technologies
Corp.
.........
938,500‌
57,500‌
Valvoline
Inc.†
...................
2,064,825‌
27,199,506‌
Telecommunications
 —
2.1%
29,000‌
AT&T
Inc.
.......................
818,960‌
148,000‌
BCE
Inc.
........................
3,461,720‌
390,000‌
Deutsche
Telekom
AG,
ADR
..........
13,318,500‌
73,750‌
Eurotelesites
AG†
.................
426,004‌
Shares
Market
Value
62,279‌
GCI
Liberty
Inc.,
Escrow†(a)
.........
$
1‌
195,000‌
Hellenic
Telecommunications
Organization
SA,
ADR
......................
1,872,975‌
142,000‌
Liberty
Global
Ltd.,
Cl. C†
...........
1,668,500‌
44,000‌
Orange
SA,
ADR
..................
714,120‌
50,000‌
Pharol
SGPS
SA†
.................
3,686‌
40,500‌
Proximus
SA
....................
353,765‌
101,500‌
Sunrise
Communications
AG,
Cl. A
.....
5,995,264‌
100,000‌
Telefonica
SA,
ADR
................
508,000‌
295,000‌
Telekom
Austria
AG
................
3,151,737‌
100,000‌
Telephone
and
Data
Systems
Inc.
......
3,924,000‌
98,000‌
Telstra
Group
Ltd.,
ADR
.............
1,571,920‌
170,000‌
TELUS
Corp.
....................
2,680,900‌
65,500‌
T-Mobile
US
Inc.
..................
15,679,390‌
12,000‌
VEON
Ltd.,
ADR†
.................
653,160‌
203,300‌
Verizon
Communications
Inc.
.........
8,935,035‌
149,600‌
Vodafone
Group
plc,
ADR
...........
1,735,360‌
67,472,997‌
Transportation
 —
1.0%
28,840‌
Canadian
Pacific
Kansas
City
Ltd.
......
2,148,292‌
15,500‌
Ferrari
Group
plc
..................
155,045‌
165,500‌
GATX
Corp.
.....................
28,929,400‌
31,232,737‌
Wireless
Communications
 —
0.1%
71,900‌
Array
Digital
Infrastructure
Inc.
........
3,595,719‌
TOTAL
COMMON
STOCKS
.........
2,894,282,138‌
CLOSED-END
FUNDS
 —
0.0%
40,000‌
Altaba
Inc.,
Escrow†
...............
54,000‌
PREFERRED
STOCKS
 —
1.0%
Broadcasting
 —
0.1%
85,835‌
Liberty
Broadband
Corp.,
Ser.
A,
7.000%
.
2,133,858‌
Business
Services
 —
0.0%
17,595‌
Steel
Partners
Holdings
LP,
Ser.
A,
6.000%,
02/07/26
......................
436,708‌
Diversified
Industrial
 —
0.0%
2,000‌
Jungheinrich
AG
..................
69,410‌
Energy
and
Utilities:
Electric
 —
0.0%
10,000‌
SCE
Trust
IV,
Ser.
J,
5.375%
..........
233,900‌
Energy
and
Utilities:
Services
 —
0.0%
14,300‌
Enbridge
Inc.,
Ser.
F,
5.538%
.........
218,759‌
Financial
Services
 —
0.6%
32,941‌
Athene
Holding
Ltd.,
Ser.
B,
5.625%
....
723,384‌
87,500‌
Bank
of
America
Corp.,
5.375%
.......
2,000,250‌
60,000‌
Compass
Diversified
Holdings,
Ser.
A,
7.250%
......................
1,002,000‌
8
The
Gabelli
Dividend
&
Income
Trust
Schedule
of
Investments
(Continued)
September
30,
2025
(Unaudited)
Shares
Market
Value
PREFERRED
STOCKS
(Continued)
Financial
Services
(Continued)
105,254‌
Compass
Diversified
Holdings,
Ser.
B,
7.875%
......................
$
1,932,463‌
9,192‌
Compass
Diversified
Holdings,
Ser.
C,
7.875%
......................
169,133‌
118,338‌
DigitalBridge
Group
Inc.,
Ser.
H,
7.125%
.
2,644,854‌
15,487‌
Enstar
Group
Ltd.,
Ser.
D,
7.000%
.....
368,591‌
21,257‌
Enstar
Group
Ltd.,
Ser.
E,
7.000%
......
467,654‌
10,000‌
Flagstar
Financial
Inc.,
Ser.
A,
6.375%
...
219,600‌
227,500‌
JPMorgan
Chase
&
Co.,
4.200%
.......
4,295,200‌
7,000‌
MetLife
Inc.,
Ser.
A,
5.299%
..........
168,280‌
5,000‌
PhenixFIN
Corp.,
5.250%,
11/01/28
....
120,350‌
18,461‌
State
Street
Corp.,
Ser.
G,
5.350%
.....
429,403‌
6,253‌
Stifel
Financial
Corp.,
Ser.
B,
6.250%
...
156,075‌
96,057‌
The
Allstate
Corp.,
Ser.
H,
5.100%
.....
2,136,308‌
91,538‌
The
Charles
Schwab
Corp.,
Ser.
J,
4.450%
1,798,722‌
35,000‌
The
Goldman
Sachs
Group
Inc.,
Ser.
D,
5.158%
......................
731,500‌
50,100‌
Truist
Financial
Corp.,
Ser.
R,
4.750%
...
1,027,050‌
20,390,817‌
Health
Care
 —
0.0%
2,296‌
XOMA
Royalty
Corp.,
Ser.
A,
8.625%
...
60,775‌
Real
Estate
Investment
Trust
 —
0.2%
27,564‌
Arbor
Realty
Trust
Inc.,
Ser.
E,
6.250%
..
504,145‌
92,921‌
Chimera
Investment
Corp.,
Ser.
A,
8.000%
2,056,342‌
108,271‌
KKR
Real
Estate
Finance
Trust
Inc.,
Ser.
A,
6.500%
......................
2,127,525‌
4,688,012‌
Telecommunications
 —
0.1%
145,000‌
AT&T
Inc.,
Ser.
C,
4.750%
...........
2,888,400‌
Wireless
Communications
 —
0.0%
10,000‌
T-Mobile
USA
Inc.,
6.250%,
09/01/69
...
248,000‌
TOTAL
PREFERRED
STOCKS
........
31,368,639‌
MANDATORY
CONVERTIBLE
SECURITIES(b)
 —
0.2%
Aerospace
 —
0.0%
1,500‌
The
Boeing
Co.,
6.000%,
10/15/27
...............
104,355‌
Energy
and
Utilities
 —
0.1%
88,500‌
El
Paso
Energy
Capital
Trust
I,
4.750%,
03/31/28
...............
4,417,035‌
Specialty
Chemicals
 —
0.1%
37,500‌
Albemarle
Corp.,
7.250%,
03/01/27
...............
1,420,500‌
TOTAL
MANDATORY
CONVERTIBLE
SECURITIES
................
5,941,890‌
Shares
Market
Value
RIGHTS
 —
0.0%
Retail
 —
0.0%
82,000‌
Walgreens
Boots
Alliance
Inc.,
CVR†
....
$
41,000‌
WARRANTS
 —
0.0%
Energy
and
Utilities:
Oil
 —
0.0%
6,000‌
Occidental
Petroleum
Corp.,
expire
08/03/27†
.....................
153,000‌
Principal
Amount
CONVERTIBLE
CORPORATE
BONDS
 —
0.0%
Cable
and
Satellite
 —
0.0%
$
200,000‌
AMC
Networks
Inc.,
4.250%,
02/15/29
...............
191,500‌
CORPORATE
BONDS
 —
0.3%
Financial
Services
 —
0.3%
Capital
One
Financial
Corp.
,
Ser.
M,
(5
yr.
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
+
3.16%)
1,500,000‌
3.950%,
(c)(d)
.................
1,474,671‌
1,000,000‌
5.500%,
(c)(d)
.................
1,002,728‌
1,500,000‌
Citigroup
Inc.,
Ser.
X,
(5
yr.
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
+
3.42%),
3.875%,
(c)(d)
.................
1,487,744‌
1,500,000‌
Citizens
Financial
Group
Inc.,
Ser.
G,
(5
yr.
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
+
3.22%),
4.000%,
(c)(d)
.................
1,471,264‌
1,500,000‌
The
Charles
Schwab
Corp.,
Ser.
H,
(10
yr.
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
+
3.08%),
4.000%,
(c)(d)
.................
1,409,867‌
1,000,000‌
The
Goldman
Sachs
Group
Inc.,
Ser.
U,
(5
yr.
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
+
2.92%),
3.650%,
(c)(d)
.................
980,795‌
1,000,000‌
Truist
Financial
Corp.,
Ser.
P,
(5
yr.
US
Treasury
Yield
Curve
Rate
T
Note
Constant
Maturity
+
4.61%),
4.950%,
(c)(d)
.................
997,319‌
8,824,388‌
TOTAL
CORPORATE
BONDS
........
8,824,388‌
9
The
Gabelli
Dividend
&
Income
Trust
Schedule
of
Investments
(Continued)
September
30,
2025
(Unaudited)
Principal
Amount
Market
Value
U.S.
GOVERNMENT
OBLIGATIONS
 —
7.9%
$
254,459,000‌
U.S.
Treasury
Bills,
3.776%
to
4.295%††,
10/09/25
to
03/26/26
......................
$
252,432,564‌
TOTAL
INVESTMENTS
100.0%
....
(Cost
$1,784,279,680)
............
$
3,193,289,119‌
(a)
Security
is
valued
using
significant
unobservable
inputs
and
is
classified
as
Level
3
in
the
fair
value
hierarchy.
(b)
Mandatory
convertible
securities
are
required
to
be
converted
on
the
dates
listed;
they
generally
may
be
converted
prior
to
these
dates
at
the
option
of
the
holder.
(c)
Security
is
perpetual
and
has
no
stated
maturity
date.
(d)
Variable
rate
security.
Security
may
be
issued
at
a
fixed
coupon
rate,
which
converts
to
a
variable
rate
at
a
specified
date.
Rate
shown
is
the
rate
in
effect
as
of
September
30,
2025.
Non-income
producing
security.
††
Represents
annualized
yields
at
dates
of
purchase.
ADR
American
Depositary
Receipt
CDI
CHESS
(Australia)
Depository
Interest
CVR
Contingent
Value
Right
REIT
Real
Estate
Investment
Trust
Geographic
Diversification
%
of
Total
Investments
Market
Value
North
America
......................
88.0‌
%
$
2,811,383,780‌
Europe
..............................
8.4‌
267,757,964‌
Japan
...............................
3.1‌
100,045,822‌
Asia/Pacific
.........................
0.4‌
11,580,934‌
Latin
America
.......................
0.1‌
2,520,619‌
Total
Investments
...................
100.0‌%
$
3,193,289,119‌