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GAMCO Natural Resources, Gold & Inc Tr:GNT
As of 12/6/2019
| Current | $6.10 | $5.93 | 2.87% |
| 52 Wk Avg | $5.61 | $5.99 | -6.40% |
| 52 Wk High | $6.11 | $6.26 | 2.87% |
| 52 Wk Low | $4.52 | $5.53 | -16.85% |
| Regular Distribution Type† | Income Only |
| Distribution Rate | 9.84% |
| Distribution Amount | $0.0500 |
| Distribution Frequency | Monthly |
Past performance is no guarantee of future results.
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
| |
| Management Fees | 1.00% |
| 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
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% |
Premium/Discount Information
Past performance is no guarantee of future results.
Premium/Discount Information
As of 12/7/2019
| 6 Month | -3.27% |
| 1 Year | -6.40% |
| 3 Year | -5.30% |
| 5 Year | -6.32% |
Z-Score
As of 12/6/2019
| 3 Month | 2.05 |
| 6 Month | 2.05 |
| 1 Year | 2.28 |
Pricing History
| Date |
Share Price |
NAV |
Premium / Discount |
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
| Cyclical (Super Sector) | 50.18% |
| Basic Materials | 50.18% |
| Sensitive (Super Sector) | 26.68% |
| Energy | 20.21% |
| Defensive (Super Sector) | 13.73% |
| Cash Equivalents (Super Sector) | 11.61% |
| Cash Equivalents | 11.61% |
| Consumer Defensive | 7.03% |
| Healthcare | 6.70% |
| Industrials | 6.47% |
Top Holdings
As of 9/30/2019 reported by Fund Sponsor
| United States Treasury Bills 2.41% | $7.26M | 4.68% |
| Barrick Gold Corp | $6.94M | 4.48% |
| Zoetis Inc Class A | $6.73M | 4.34% |
| Newmont Goldcorp Corp | $6.02M | 3.89% |
| Agnico Eagle Mines Ltd | $5.18M | 3.35% |
| United States Treasury Bills 1.89% | $4.96M | 3.20% |
| Deere & Co | $4.69M | 3.03% |
| Franco-Nevada Corp | $4.52M | 2.92% |
| Wheaton Precious Metals Corp | $4.43M | 2.86% |
| Exxon Mobil Corp | $4.27M | 2.76% |
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
| United States - Equity | 37.54% |
| Canada - Equity | 28.12% |
| United Kingdom - Equity | 5.53% |
| Australia - Equity | 4.23% |
| United States - Fixed Income | 3.19% |
| Others - Equity | 1.72% |
| South Africa - Equity | 1.63% |
| Japan - Equity | 1.39% |
| New Zealand - Equity | 1.21% |
| Norway - Equity | 1.12% |
| France - Equity | 1.03% |
| Mexico - Equity | 0.79% |
| Italy - Equity | 0.61% |
| Russia - Equity | 0.26% |
| Turkey - Equity | 0.26% |
| 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.
Important information:
This site does not list all of the risks associated with each fund. Investors should contact a fund's sponsor for fund-specific risk information and/or contact a financial advisor before investing.
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 Fund sponsor's website.
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