Closed-End Fund

GAMCO Global Gold, Natural Resources & Income Trust

GGN

Gold & Natural Resources

Shielding Your Portfolio with Income and Options Utilizing Global Gold & Natural Resources

Fund Total Net Assets as of 05/31/2025
$749M
NAV as of 05/30/2025
$4.39
Index
CBOE S&P 500 Buy/Write Index; Bloomberg Government / Credit Bond Index; Philadelphia Gold and Silver Index
Investment Category
Gold & Natural Resources
Inception Date
3/31/2005
YTD Return as of 05/30/2025
19.264%
Total Net Assets

XXXXXXXXX

Market Price as of 05/30/2025
$4.34
1 Day NAV Change
-0.230%
Dividends Paid
Monthly
Minimum Initial Investment
N/A
Description of Strategy

GAMCO Global Gold, Natural Resources & Income Trust is a non-diversified, closed-end management company. The Fund intends to generate income from short-term gains primarily through its strategy of writing covered call options on the equity securities in its portfolio. Because of its primary strategy the Fund forgoes the opportunity to participate fully in the appreciation of the underlying equity security above the exercise price of the option. Under normal market conditions, the Fund will invest 80% of its assets in equity securities of companies principally engaged in the gold and natural resource industries.

Investment Objective

The Fund’s investment objective is to provide a high level of current income. The Fund’s secondary investment objective is to seek capital appreciation.

Why Invest

Inflation Protection: Gold has long been viewed as a safe-haven asset during times of economic uncertainty or inflation. As inflation rises, the price of gold typically increases, and gold mining stocks tend to benefit from higher gold prices, offering a potential hedge against inflationary pressures.
 
Portfolio Diversification: Having historically displayed low correlation with equities and fixed income, exposure to gold mining stocks may deliver added diversification to a portfolio comprised of traditional asset classes.
 
Exposure to Global Markets: This fund provides access to a diverse range of opportunities both in and out of the United States.

Investment Team

Portfolio Managers

Vincent Roche

Vincent Hugonnard-Roche

Portfolio Managers

vhroche@gabelli.com (914) 921-5034

Caesar Bryan

Caesar M.P. Bryan

14 years managing this fund
Portfolio Manager

Caesar Bryan manages our GAMCO International Growth Fund and Gabelli Gold Fund. He is also a member of the global investment team which is responsible for the GAMCO Global Growth Fund and the GAMCO Global Opportunity Fund. In addition, he is on the management team of the GAMCO Global Gold and Natural Resources & Income… More

Research Analysts

30

Supported by a centralized team of 30+ sector-focused analysts supporting Growth and Value portfolios

Historical Performance

Growth of $10,000

$-

Inception date to 5/30/2025

A graphical measurement of a portfolio’s net return that simulates the performance of an initial investment of $10,000 over the given time period.

Trailing Returns

As of 5/30/2025

Calendar Year Returns

Top Ten Holdings

Symbol Company Sector Portfolio
XOMEXXON MOBIL CORPEnergy45,238,950.19
NEMNEWMONT CORPMaterials41,496,660.00
NSTNORTHERN STAR RESOURCES LTD28,676,602.56
CVXCHEVRON CORPEnergy26,063,782.00
KGCKINROSS GOLD CORPMaterials25,972,817.00
WPMWHEATON PRECIOUS METALS CORPMaterials23,960,499.50
AGIALAMOS GOLD INCMaterials23,410,870.00
BUNITED STATES TREASURY BILLIndustrials21,833,685.98
BUNITED STATES TREASURY BILLIndustrials20,333,811.88
FCXFREEPORT-MCMORAN INCMaterials19,543,332.00

Portfolio Details

Fees

Gross Expense Ratio

1.30%

Net Expense Ratio

1.20%

Maximum Sales Charge

0.00%

Geographic Exposure By Country

Geographic Exposure By Region

Disclosures

Performance returns for periods of less than one year are not annualized. Returns represent past performance and do not guarantee future results. Investment returns and the principal value of an investment will fluctuate. The Fund’s use of leverage may magnify the volatility of net asset value changes versus funds that do not employ leverage. When shares are sold, they may be worth more or less than their original cost. Current performance may be lower or higher than the performance data presented. Visit www.gabelli.com for performance information as of the most recent month end. The CBOE S&P 500 Buy/Write Index is an unmanaged benchmark index designed to reflect the return on a portfolio that consists of a long position in the stocks in the S&P 500 Index and a short position in a S&P 500 (SPX) call option. The Bloomberg Government/Credit Bond Index is a market value weighted index that tracks the performance of fixed rate, publicly placed, dollar denominated obligations. The Energy Select Sector Index is an unmanaged indicator of stock market performance of large U.S. companies involved in the development or production of energy products. The Philadelphia Gold & Silver Index is an unmanaged indicator of stock market performance of large North American gold and silver companies. Dividends and interest income are considered reinvested. You cannot invest directly in an index.

 

Total returns and average annual returns reflect changes in the NAV per share and reinvestment of distributions at NAV on the ex-dividend date and are net of expenses. Since inception return is based on an initial NAV of $19.06.

 

Total returns and average annual returns reflect changes in closing market values on the NYSE American and reinvestment of distributions. Since inception return is based on an initial offering price of $20.00.

Investors should carefully consider the investment objectives, risks, charges, and expenses of the Fund before investing.

 

Information regarding the Fund’s distribution policy and the most recent quarterly report, which contains a more extensive list of holdings, is available by calling 800-GABELLI (800-422-3554). Distribution rate is not representative of dividend yield or the total return of the Fund and has historically included a return of capital. After the end of the calendar year, the Fund will send individual shareholders with taxable accounts a Form 1099-DIV that will tell you how to report the year’s distribution for federal income tax purposes.

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