GAMCO Global Gold Natural Resources&Inc:GGN

    Manage Alerts

    Overview

    As of 1/21/2020

     Share
    Price
    NAVPremium/
    Discount
    Current$4.37$4.252.82%
    52 Wk Avg$4.36$4.321.03%
    52 Wk High$4.74$4.554.80%
    52 Wk Low$3.95$4.10-7.23%
    Regular Distribution TypeManaged Distribution
    Distribution Rate13.73%
    Distribution Amount$0.0500
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The Company primarily seeks to provide a high level of current income. The Funds secondary investment objective is to seek capital appreciation consistent with the Funds strategy and its primary objective. The Fund will attempt to achieve its objective by investing at least 80% of its assets in equity securities of companies principally engaged in gold industry and natural resources industries. As part of its investment strategy, the Fund intends to earn income through an option strategy of writing (selling) covered call options on equity securities in its portfolio, but may, in amounts up to 15% of the Funds assets, consist of writing uncovered call options on indices comprised of Gold Companies or Natural Resources Companies or exchange traded funds comprised of such issuers and put options on securities in its portfolio. The Fund will invest at least 25% of its assets in the equity securities of companies principally engaged in the exploration, mining, fabrication, processing, distribution or trading of gold or the financing, managing, controlling or operating of companies engaged in gold-related activities. Additionally the Fund will also invest at least 25% of its assets in the equity securities of companies principally engaged in the exploration, production or distribution of natural resources, such as gas, oil, paper, food and agriculture, forestry products, metals and minerals as well as related transportation companies and equipment manufacturers.

    Capital Structure

    As of 1/21/2020

    Total Investment Exposure:$680.235M
    Total Common Assets:$593.589M
    Common Shares Outstanding:139,667,919
    Leverage

    As of 12/31/2018

    Preferred Share Assets: $86.646M
    Total Debt (USD):
    Regulatory Leverage (USD): $86.646M
    Effective Leverage (USD): $86.646M
    Effective Leverage (%): 12.74%
    Annual Expense Ratios

    As of 12/31/2019

      Per Common Share
    Management Fees1.00%
    Other Expenses:0.35%
    Baseline Expense: N/A
    Interest Expense:0.00%
    Total: 1.35%
    Fund Management

    Fund Sponsor
    Gabelli

    Portfolio Managers
    Vincent Rouche, Caesar M.P. Bryan, Barbara G. Marcin

    Basics
    Category: Equity-Sector Equity
    Ticker: GGN
    NAV Ticker: XGGNX
    Average Daily Volume (shares): 843,803
    Average Daily Volume (USD): $3.694M
    Inception Date: 3/29/2005
    Inception Share Price: $20.00
    Inception NAV: $19.06
    Tender Offer: No
    Term: No
    Fiscal Year End: December 31
    Third Party Links & Reports

    Distributions

    As of 1/21/2020

    Past performance is no guarantee of future results.
    Distribution History

    Enter declared start and end dates to display distribution history below. Income, Long Gain, Short Gain and ROC breakdowns will only be shown for the past year.

    Declared Date Payable Date Ex Date Distrib Amount Income Long Gain Short Gain ROC

    *Indicates a Special Distribution: A distribution disbursed in addition to the normal distributions paid out by the company.

    Key Information Regarding Distributions
    Avg. Earnings Per Share:
    As of 6/30/2019
    $0.0297
    Annualized Distribution Rate on NAV:
    As of 1/21/2020
    14.12%
    Total Return on NAV (12 months):
    As of 1/21/2020
    18.80%
    Avg. Portfolio Coupon:
    As of 1/21/2020
    5.55%
    Total % Portfolio Effectively Leveraged:
    As of 1/21/2020
    12.74%

    Pricing Information

    Premium/Discount Information
    Past performance is no guarantee of future results.
    Premium/Discount Information

    As of 1/22/2020

    PeriodAvg Discount
    6 Month2.51%
    1 Year1.03%
    3 Year-0.35%
    5 Year-1.97%
    Z-Score

    As of 1/21/2020

    PeriodZStat
    3 Month0.67
    6 Month0.29
    1 Year0.59
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 1/21/2020
    Category: Morningstar US CEF Sector Equity

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD36.97%18.80%26.97%22.79%
    201936.97%18.80%27.00%22.81%
    2018-19.43%-13.54%-12.66%-10.55%
    20179.70%7.06%18.58%13.02%
    201629.37%22.67%17.45%14.67%
    2015-22.26%-17.59%-15.98%-12.75%
    2014-12.99%-17.25%5.16%4.65%
    2013-19.64%-14.62%16.34%17.44%
    20121.83%1.36%12.53%11.75%
    2011-19.10%-11.00%-1.05%0.79%
    201030.63%27.17%20.02%17.83%
    200940.35%74.47%50.36%35.04%
    2008-51.27%-61.60%-42.07%-39.30%
    200727.73%31.72%  
    200621.95%18.20%  
    Past performance is no guarantee of future results.
    Annualized Total Returns

    Returns for periods less than one year are cumulative rather than annualized

    As of 1/21/2020
    Category: Morningstar US CEF Sector Equity

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Average Coupon:
    As of 1/21/2020
    5.55%
    Number of Holdings:
    As of 9/30/2019
    94
    Annual Portfolio Turnover:
    As of 12/31/2019
    145.70%
    Asset Allocation

    As of 9/30/2019 reported by Fund Sponsor

    Top Sectors

    As of 9/30/2019 reported by Fund Sponsor

    Sector%Portfolio
    Basic Materials55.34%
    Cyclical (Super Sector)55.34%
    Energy32.72%
    Sensitive (Super Sector)32.72%
    Cash Equivalents14.78%
    Cash Equivalents (Super Sector)14.78%
    Corporate (Super Sector)0.97%
    Government0.88%
    Government (Super Sector)0.88%
    Corporate Bond0.55%
    Top Holdings

    As of 9/30/2019 reported by Fund Sponsor

    HoldingValue% Portfolio
    Barrick Gold Corp$40.94M5.58%
    Newmont Goldcorp Corp$36.15M4.92%
    Exxon Mobil Corp$31.99M4.36%
    Franco-Nevada Corp$31.25M4.26%
    Agnico Eagle Mines Ltd$29.14M3.97%
    Chevron Corp$26.03M3.55%
    Royal Dutch Shell PLC Class A$24.65M3.36%
    Alamos Gold Inc$22.98M3.13%
    Wheaton Precious Metals Corp$22.29M3.04%
    United States Treasury Bills 2.32%$21.06M2.87%
    Credit Quality

    As of 9/30/2019 reported by Fund Sponsor

    Maturity Breakdown

    As of 9/30/2019 reported by Fund Sponsor

    Country Allocation

    As of 9/30/2019 reported by Fund Sponsor

    Country% Portfolio
    Canada - Equity33.11%
    United States - Equity29.48%
    United Kingdom - Equity8.21%
    Australia - Equity4.99%
    Others - Equity2.21%
    South Africa - Equity2.11%
    France - Equity1.87%
    New Zealand - Equity1.48%
    Italy - Equity0.94%
    Mexico - Equity0.91%
    United States - Fixed Income0.87%
    Canada - Fixed Income0.56%
    Turkey - Equity0.33%
    Russia - Equity0.33%
    Chile - Equity-0.02%
    Hong Kong - Equity-0.08%

    Closed-end fund historical distribution sources have included net investment income, realized gains, and return of capital. For more detailed information on the distributions of a specific fund, please visit the sponsor's website.

    NOTES:

    Distribution type sourced from Morningstar. In general, managed distributions may be sourced from net investment income, realized gains and return of capital. CEFConnect.com does not undertake to disclose specific information about closed-end fund distribution sources. For specific information about a fund's distribution sources, visit the fund sponsor's website.

    The following information applies to closed-end funds in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

    EWB-1014244PR-E1119W