# GAMCO Natural Resources, Gold & Income Trust (GNT): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/gnt for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: — · Asset class: Commodity - Strategy: Options Income · Inception: 2011-01-27 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 comp... ## Key Facts | Metric | Value | |---|---| | Price | $8.18 | | Expense Ratio | 1.95% | | Assets Under Management | $136.7M | | NAV | — | | Holdings Count | — | | Distribution Yield (TTM) | 8.56% | | Annual Distribution (TTM) | $0.70 /share | | Distribution Frequency | Monthly | | 52-Week Range | $6.68 – $9.38 | | Beta | 0.67 | ## Latest Distribution - Amount: $0.0600 /share - Ex-date: 2026-10-16 - Pay date: 2026-10-23 ## Next Distribution (Declared) - Amount: $0.0600 /share - Ex-date: 2026-11-13 - Pay date: 2026-11-20 ## Frequently Asked Questions ### 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. ### Does GNT pay a distribution? Yes, GAMCO Natural Resources, Gold & Income Trust (GNT) distributes distributions to shareholders. The trailing-twelve-month yield is 8.56%. Full distribution history is on this page. ### How often does GNT pay distributions? GAMCO Natural Resources, Gold & Income Trust pays distributions Monthly. Each ex-dividend date, record date, and payment date is listed in the distribution history table on this page. ### When is GNT's next ex-distribution date? The most recently announced ex-distribution date for GNT was 2026-12-11. The next ex-date typically follows Monthly; once announced it appears at the top of the distribution history table on this page. ### Is GNT's distribution sustainable? Covered-call mutual funds like GNT fund their distributions from option premium income. Sustainability depends on (1) whether option premiums stay high enough to cover the announced rate, and (2) whether NAV holds up over time. The NAV Erosion section on this page contrasts total return with price change since inception. If distributions consistently exceed total return, the fund is paying out capital rather than income. ### How much will GNT's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 1.95% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does GNT charge its expense ratio? The expense ratio is deducted in tiny daily slices from GNT's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does GNT cost more than a fund like VOO? GNT is an options-income fund (current expense ratio 1.95%). Covered-call and 0DTE strategies require active option-writing, daily rebalancing, and dedicated risk management. They cost more than passive equity funds. The Cost Verdict card compares GNT against the options-income cohort, not VOO. ### Are GNT's distributions taxed at ordinary income or qualified-dividend rates? GNT's option-premium distributions are typically classified as ordinary income (NOT the qualified-dividend rate), so they're taxed at your marginal federal rate plus state. For a 24% bracket investor that's roughly 2x the 15% long-term capital gains rate most dividend investors are used to. The Fee Compounding Forecast card above lets you layer in this tax drag alongside the fund fee. Consult a tax advisor. This is not tax advice. ### Are there cheaper alternatives to GNT? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as GNT (1.95%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/gnt - Distribution history: https://www.dividenddata.com/funds/gnt/dividend - Holdings & diversification: https://www.dividenddata.com/funds/gnt/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/gnt/expenses - Peer comparison: https://www.dividenddata.com/funds/gnt/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.