GAMCO Global Gold Natural Resources&Inc:GGN

    Manage Alerts

    Overview

    As of 7/3/2022. NAV as of 7/1/2022.

     Share
    Price
    NAVPremium/
    Discount
    Current$3.52$3.61-2.49%
    52 Wk Avg$3.87$3.96-2.16%
    52 Wk High$4.14$4.352.09%
    52 Wk Low$3.50$3.58-7.30%
    Regular Distribution TypeManaged Distribution
    Distribution Rate10.23%
    Distribution Amount$0.0300
    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 7/3/2022

    Total Investment Exposure:$643.009M
    Total Common Assets:$556.512M
    Common Shares Outstanding:154,158,319
    Leverage

    As of 7/1/2022

    Preferred Share Assets: $86.497M
    Total Debt (USD):
    Regulatory Leverage (USD): $86.497M
    Effective Leverage (USD): $86.497M
    Effective Leverage (%): 13.45%
    Annual Expense Ratios

    As of 12/31/2021

      Per Common Share
    Management Fees1.01%
    Other Expenses:0.39%
    Baseline Expense: N/A
    Interest Expense:0.00%
    Total: 1.40%
    Fund Management

    Fund Sponsor
    Gabelli

    Portfolio Managers
    Vincent Rouche, Caesar M.P. Bryan

    Basics
    Category: Equity-Sector Equity
    Ticker: GGN
    NAV Ticker: XGGNX
    Average Daily Volume (shares): 659,536
    Average Daily Volume (USD): $2.548M
    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 7/3/2022

    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 12/31/2021
    $0.0342
    Annualized Distribution Rate on NAV:
    As of 7/3/2022
    9.97%
    Total Return on NAV (12 months):
    As of 7/3/2022
    -2.01%
    Avg. Portfolio Coupon:
    As of 7/3/2022
    4.84%
    Total % Portfolio Effectively Leveraged:
    As of 7/3/2022
    13.45%

    Pricing Information

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

    As of 7/4/2022

    PeriodAvg Discount
    6 Month-3.70%
    1 Year-2.16%
    3 Year-4.90%
    5 Year-3.36%
    Z-Score

    As of 7/4/2022

    PeriodZStat
    3 Month0.02
    6 Month0.57
    1 Year-0.15
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 6/30/2022
    Category: Morningstar US CEF Sector Equity

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD0.56%-4.24%-11.80%-10.58%
    202117.44%6.69%22.39%17.58%
    2020-8.33%5.55%5.15%5.71%
    201936.97%18.80%26.64%22.38%
    2018-19.43%-13.54%-12.35%-9.96%
    20179.70%7.06%18.18%12.88%
    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%  
    2008-51.27%-61.60%  
    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 6/30/2022
    Category: Morningstar US CEF Sector Equity

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Average Coupon:
    As of 7/1/2022
    4.84%
    Number of Holdings:
    As of 3/31/2022
    87
    Annual Portfolio Turnover:
    As of 12/31/2021
    96.00%
    Asset Allocation

    As of 3/31/2022

    Top Sectors

    As of 3/31/2022

    Sector%Portfolio
    Cyclical (Super Sector)48.32%
    Basic Materials48.32%
    Sensitive (Super Sector)36.84%
    Energy36.66%
    Cash Equivalents (Super Sector)21.06%
    Cash Equivalents21.06%
    Corporate (Super Sector)0.67%
    Convertible0.43%
    Corporate Bond0.24%
    Defensive (Super Sector)0.17%
    Top Holdings

    As of 3/31/2022

    HoldingValue% Portfolio
    United States Treasury Bills 0.43669%$108.66M14.58%
    Newmont Corp$45.45M6.10%
    Chevron Corp$40.06M5.38%
    Exxon Mobil Corp$36.13M4.85%
    United States Treasury Bills 0.49497%$27.17M3.65%
    Franco-Nevada Corp$26.56M3.56%
    Barrick Gold Corp$23.76M3.19%
    Rio Tinto PLC ADR$23.72M3.18%
    Northern Star Resources Ltd$22.27M2.99%
    Endeavour Mining PLC$19.50M2.62%
    Credit Quality

    As of 3/31/2022

    Maturity Breakdown

    As of 3/31/2022

    Country Allocation

    As of 3/31/2022

    Country% Portfolio
    United States - Equity38.22%
    Canada - Equity23.40%
    United Kingdom - Equity9.29%
    Australia - Equity9.01%
    France - Equity2.31%
    Italy - Equity0.89%
    South Africa - Equity0.73%
    Turkey - Equity0.73%
    Mexico - Equity0.42%
    Canada - Fixed Income0.24%
    Chile - Equity0.02%

    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-2036301PR-E0222X