GAMCO Natural Resources, Gold & Income Trust
GNT-PA
New York Stock Exchange- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- John Chester Ball
- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- Rye DE United States of America
- IPO Date
- Oct 24, 2017
- CIK
- 0001438893
- Website
- gabelli.com
- Similar Companies
- Business
- GAMCO Natural Resources, Gold & Income Trust (NYSE: GNT and GNT-PA) is a diversified closed-end management investment company that seeks a high level of current income, with a secondary objective of capital appreciation, primarily by investing at least 80% of its assets in equity securities of companies principally engaged in the natural resources and gold industries; it generates supplemental income through writing covered call options on its underlying equity securities, as well as put options up to 15% of assets on natural resources or gold companies or related indices and exchange-traded funds. Natural resources investments encompass sectors such as metals and mining (including precious metals like gold and silver, and base metals like copper, lead, nickel and zinc), energy and energy services (including oil, gas and sustainable energy), agriculture, forestry products, water, food, paper and related transportation companies and equipment manufacturers; at least 25% of assets target the natural resources industry and another 25% the gold industry, which includes exploration, mining, fabrication, processing, distribution, trading or financing of gold-related activities. Top holdings as of recent reports include Newmont Corp., Northern Star Resources Ltd., Kinross Gold Corp., Exxon Mobil Corp., Wheaton Precious Metals Corp., Freeport-McMoRan Inc., Chevron Corp., Deere & Co., Alamos Gold Inc. and Endeavour Mining Plc; the portfolio spans global public equity markets with approximately $145 million in total net assets, a net asset value per common share of $6.70, and a market price around $6.09 as of March 31, 2025, trading at a 9.1% discount to NAV. The fund, managed by Gabelli Funds, LLC (a subsidiary of GAMCO Investors, Inc.) with portfolio managers Caesar M.P. Bryan and Vincent Hugonnard-Roche, employs leverage via 5.20% Series A Cumulative Preferred shares ($24 million), 5.00% Series B Cumulative Puttable Preferred shares ($13 million) and common shares ($109 million NAV), resulting in a gross expense ratio of 2.0% on common assets and 1.5% on total assets, with 77% portfolio turnover; it maintains a managed distribution policy that may include return of capital. Founded on January 27, 2011 and headquartered at One Corporate Center, Rye, New York 10580-1422, the fund has not announced major strategic changes such as partnerships, acquisitions, funding rounds, new product launches, name changes or reorganizations in the last 1-2 years, focusing instead on its core covered call strategy amid sector volatility; performance through March 31, 2025 shows a 1-year NAV total return of 15.76% and 5-year annualized return of 16.26%, outperforming benchmarks like the CBOE S&P 500 Buy/Write Index in several periods.