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GAMCO Natural Resources, Gold & Inc Tr:GNT

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    Overview

    As of 12/6/2019

     Share
    Price
    NAVPremium/
    Discount
    Current$6.10$5.932.87%
    52 Wk Avg$5.61$5.99-6.40%
    52 Wk High$6.11$6.262.87%
    52 Wk Low$4.52$5.53-16.85%
    Regular Distribution TypeIncome Only
    Distribution Rate9.84%
    Distribution Amount$0.0500
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The Funds primary investment objective is to provide a high level of current income from interest, dividends and option premiums. The Funds secondary investment objective is to seek capital appreciation consistent with the Funds strategy and its primary objective. To meet the objective of providing a high level of current income, the Fund intends to invest in income producing securities such as equity securities, convertible securities and other securities and earn short-term gains from a strategy of writing covered call options on equity securities in its portfolio. The Fund will seek dividend income through investments in equity securities such as common stock or convertible preferred stock. The Fund will seek interest income through investments in convertible or corporate bonds. Under normal market conditions, the Fund will attempt to achieve its objectives by investing at least 80% of its assets, which includes the amount of any borrowing for investment purposes, in securities of companies principally engaged in the natural resources and gold industries. The Fund will invest at least 25% of its assets in the securities of companies principally engaged in the exploration, production or distribution of natural resources, such as base metals, metals, paper, food and agriculture, forestry products, water, gas, oil, sustainable energy and other commodities as well as related transportation companies and equipment manufacturers. The Fund will invest at least 25% of its assets in the 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. The Fund may invest without limitation in the securities of domestic and foreign issuers. The Fund expects that its assets will usually be invested in several countries. To the extent that the natural resources and gold industries are concentrated in any given geographic region, such as Europe, North America or Asia, a relatively high proportion of the Funds assets may be invested in that particular region. Equity securities may include common stocks, preferred stocks, convertible securities, warrants, depository receipts and equity interests in trusts and other entities. As part of its investment strategy, the Fund intends to generate current income from short-term gains through an option strategy of writing (selling) covered call options on equity securities in its portfolio. When the Fund sells a covered call option, it generates current income from short-term gains in the form of the premium paid by the buyer of the call option, but the Fund forgoes the opportunity to participate in any increase in the value of the underlying equity security above the exercise price of the option.

    Capital Structure

    As of 12/6/2019

    Total Investment Exposure:$123.922M
    Total Common Assets:$123.922M
    Common Shares Outstanding:20,897,510
    Annual Expense Ratios

    As of 12/31/2018

      Per Common Share
    Management Fees1.00%
    Other Expenses:0.68%
    Baseline Expense: N/A
    Interest Expense:0.00%
    Total: 1.68%
    Fund Management

    Fund Sponsor
    Gabelli

    Portfolio Managers
    Caesar M.P. Bryan, Vincent Hugonnard-Roche

    Basics
    Category: Equity-Covered-Call Funds
    Ticker: GNT
    NAV Ticker: XGNTX
    Average Daily Volume (shares): 5,779
    Average Daily Volume (USD): M
    Inception Date: 1/27/2011
    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 12/6/2019

    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
    $0.0115
    Annualized Distribution Rate on NAV:
    As of 12/6/2019
    10.12%
    Total Return on NAV (12 months):
    As of 12/6/2019
    10.92%
    Total % Portfolio Effectively Leveraged:
    As of 12/6/2019
    0.00%

    Pricing Information

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

    As of 12/7/2019

    PeriodAvg Discount
    6 Month-3.27%
    1 Year-6.40%
    3 Year-5.30%
    5 Year-6.32%
    Z-Score

    As of 12/6/2019

    PeriodZStat
    3 Month2.05
    6 Month2.05
    1 Year2.28
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 12/6/2019
    Category: Morningstar US CEF Covered Call

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD32.26%13.25%25.25%19.12%
    2018-18.53%-11.75%-11.75%-7.93%
    20179.73%8.30%23.10%16.38%
    201631.57%23.53%8.90%8.17%
    2015-20.00%-17.57%1.86%0.11%
    2014-10.40%-11.27%7.53%4.80%
    2013-16.74%-11.22%19.68%17.79%
    201214.10%3.92%14.03%10.09%
    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 12/6/2019
    Category: Morningstar US CEF Covered Call

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Number of Holdings:
    As of 9/30/2019
    102
    Annual Portfolio Turnover:
    As of 12/31/2018
    166.90%
    Asset Allocation

    As of 9/30/2019 reported by Fund Sponsor

    Top Sectors

    As of 9/30/2019 reported by Fund Sponsor

    Sector%Portfolio
    Cyclical (Super Sector)50.18%
    Basic Materials50.18%
    Sensitive (Super Sector)26.68%
    Energy20.21%
    Defensive (Super Sector)13.73%
    Cash Equivalents (Super Sector)11.61%
    Cash Equivalents11.61%
    Consumer Defensive7.03%
    Healthcare6.70%
    Industrials6.47%
    Top Holdings

    As of 9/30/2019 reported by Fund Sponsor

    HoldingValue% Portfolio
    United States Treasury Bills 2.41%$7.26M4.68%
    Barrick Gold Corp$6.94M4.48%
    Zoetis Inc Class A$6.73M4.34%
    Newmont Goldcorp Corp$6.02M3.89%
    Agnico Eagle Mines Ltd$5.18M3.35%
    United States Treasury Bills 1.89%$4.96M3.20%
    Deere & Co$4.69M3.03%
    Franco-Nevada Corp$4.52M2.92%
    Wheaton Precious Metals Corp$4.43M2.86%
    Exxon Mobil Corp$4.27M2.76%
    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
    United States - Equity37.54%
    Canada - Equity28.12%
    United Kingdom - Equity5.53%
    Australia - Equity4.23%
    United States - Fixed Income3.19%
    Others - Equity1.72%
    South Africa - Equity1.63%
    Japan - Equity1.39%
    New Zealand - Equity1.21%
    Norway - Equity1.12%
    France - Equity1.03%
    Mexico - Equity0.79%
    Italy - Equity0.61%
    Russia - Equity0.26%
    Turkey - Equity0.26%
    Chile - Equity-0.01%
    Hong Kong - Equity-0.05%

    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. 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