GAMCO Natural Resources, Gold & Income Trust

Frequently Asked Questions About GNT

What does GNT invest in?

The GAMCO Natural Resources, Gold & Income Trust (GNT) operates as a closed-end equity fund, established by GAMCO Investors, Inc. and managed by Gabelli Funds, LLC. This fund primarily seeks investment opportunities in publicly traded companies across global markets. Its core focus lies in businesses engaged within the natural resources and gold sectors. To generate income, the Trust employs a strategy of selling covered call options on the equity securities it holds. When constructing its portfolio, the fund takes into account a range of valuation criteria, including recent pricing of comparable publicly listed securities, dependable valuations for privately held companies, the application of various financial models, insights from current analyst reports, and an assessment of the issuer's income or cash flow. Should these methods not apply, the acquisition cost becomes the determining factor. The fund's investments span companies of all sizes, from small to large market capitalizations. Its investment performance is benchmarked against several indices: the CBOE S&P 500 Buy/Write Index, the Philadelphia Gold & Silver Index, the Dow Jones U.S. Basic Materials Index, and the S&P Global Agribusiness Equity Index. Formed on January 27, 2011, and based in the United States, the fund was previously identified as Gabelli Natural Resources, Gold & Income Trust.

What is the expense ratio of GNT?

GAMCO Natural Resources, Gold & Income Trust (GNT) charges an expense ratio of 1.95%. This is the annual fee deducted from fund assets to cover management and operations.

What is GNT's distribution yield?

GNT's trailing-twelve-month yield is 8.56%, calculated from the sum of distributions over the past year divided by the current price.

How does GNT's covered-call strategy work?

GNT sells call options against the stocks (or index) it holds, collecting premium income that gets passed through to shareholders as distributions. The strategy generates above-market income in flat or rising markets but caps upside. When the underlying rallies past the strike, the gains above the strike go to the option buyer, not the fund.

How big is GNT?

GAMCO Natural Resources, Gold & Income Trust (GNT) manages $136.7M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

Is GNT actively managed or an index fund?

GNT's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.