GGN - GAMCO Global Gold, Natural Resources & Income Trust

What this means for you

None of the investors we follow has reported owning 5% or more of this fund. That is the normal state for most closed-end funds.

Nothing is required of you. If that changes, the notice appears here within a day of being filed with the regulator.

Email me if this changes

What happened, and when

Nothing on file yet. No large investor has reported a stake in this fund, and the fund has not announced a buy-back, a vote or a closing.

About this fund

• Run by Gabelli Funds, LLC. Part of the Gabelli Fund Complex fund family. As of Dec 31, 2025, from the fund's yearly report. Original document →
• Size: about $819 million of holdings, as of June 30, 2026. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
• Borrowing: the fund borrows about 12% on top of its own money, as of June 30, 2026. Borrowed money makes gains and losses bigger. About 70% of that is money the fund has borrowed by selling preferred shares. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
• The fund's own example of what borrowing does: in a year in which the holdings returned -10%, a share would return about -11.4%; at +10%, about +10.4%. As of Dec 31, 2025, from the fund's annual report. Original document →
• Costs: 1.1% a year in management fees; 1.3% a year in total, including interest on borrowed money. Fiscal year ended Dec 31, 2025. As of Dec 31, 2025, from the fund's yearly report. Original document →
  Among the 10 funds we follow that invest in energy and resources companies, 4 charge a lower management fee and 4 charge less in total, at their last yearly reports. Both numbers are measured against the fund's own money, not the money it borrows on top, so a fund that borrows more shows higher costs on both counts.
• The fund's own cost example: $1,000 invested costs about $17 in the first year and about $199 over 10 years, assuming the holdings return 5% a year. As of Dec 31, 2025, from the fund's annual report. Original document →
• Payouts: last fiscal year (ended Dec 31, 2025) the fund paid $0.36 a share. $0.18 of that was income; $0.18 was your own money back, not income. Most funds announce their monthly or quarterly payout on their own website, not in a filing with the regulator, so a cut or a raise there does not show up here until the next yearly report. A few funds do file a notice about a fixed payout; those appear under What happened, and when. As of Dec 31, 2025, from the fund's annual report. Original document →
• Value of holdings per share at the last fiscal year end (Dec 31, 2025): $5.50. The shares traded at $5.16, about 6.2% below that. As of Dec 31, 2025, from the fund's yearly report. Original document →
  Over the last two years the gap (a "discount" when the price is below the value) ranged from 6.9% below to 4% above. As of Dec 31, 2025, from the fund's annual report. Original document →
• How the holdings did: down 7.4% over the last three months we have (April-June 2026), before the share price is taken into account. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
• First reported to the regulator in 2005.

How this has changed

• Payouts per share: $0.36 in the fiscal year ended Dec 31, 2025; $0.36 in the year ended Dec 31, 2024; $0.36 in the year ended Dec 31, 2023.As of Dec 31, 2025, from the fund's annual report. Original document →
• Of that, your own money back rather than income: $0.18 in the year ended Dec 31, 2025; $0.28 in the year ended Dec 31, 2024; $0.29 in the year ended Dec 31, 2023.As of Dec 31, 2025, from the fund's annual report. Original document →
• Costs, including interest on borrowed money: 1.29% a year in the fiscal year ended Dec 31, 2025; 1.33% a year in the year ended Dec 31, 2024; 1.4% a year in the year ended Dec 31, 2023.As of Dec 31, 2025, from the fund's annual report. Original document →
• Size of the holdings: about $858 million at Dec 31, 2025; $602 million at Dec 31, 2024; $613 million at Dec 29, 2023. From the fund's quarterly holdings reports. Original documents: Dec 31, 2025 →, Dec 31, 2024 →, Dec 29, 2023 →.
• Borrowing: about 16% on top of its own money at Dec 31, 2025; 13% at Dec 31, 2024; 15% at Dec 29, 2023. From the fund's quarterly holdings reports. Original documents: Dec 31, 2025 →, Dec 31, 2024 →, Dec 29, 2023 →.
• The fund had about 156 million shares at Dec 31, 2025, up 1.3% from Dec 31, 2023.As of Dec 31, 2025, from the fund's annual report. Original document →

What these lines mean: a payout that is your own money back, what a fund costs, borrowing.

What a holder made

• The year ended Dec 31, 2025: the shares returned +48.1%, counting payouts; the holdings +53.7%. The holdings figure is what the fund's investments earned, before the share price is taken into account. As of Dec 31, 2025, from the fund's annual report. Original document →
• The year ended Dec 31, 2024: the shares returned +9.6%, counting payouts; the holdings +6.6%. As of Dec 31, 2024, from the fund's annual report. Original document →
• The year ended Dec 31, 2023: the shares returned +14%, counting payouts; the holdings +12.4%. As of Dec 31, 2023, from the fund's annual report. Original document →
• The year ended Dec 31, 2022: the shares returned +6.8%, counting payouts; the holdings +8.9%. As of Dec 31, 2022, from the fund's annual report. Original document →
• The year ended Dec 31, 2021: the shares returned +17.5%, counting payouts; the holdings +6.7%. As of Dec 31, 2021, from the fund's annual report. Original document →
• Those five years together: the shares returned +132.4%. $10,000 of shares bought at the start (Jan 1, 2021) would have become about $23,200 by Dec 31, 2025, with every payout counted, before tax. As of Dec 31, 2025, from the fund's annual report. Original document →
• The holdings over the last twelve months we have, to June 30, 2026: +18.3%. The quarterly reports carry no share price, so this is the holdings alone. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
• Of the 8 funds that invest in energy and resources companies with a fiscal year ending within six months of this one, 1 reported a higher share return for that year and 6 a lower one. As of Dec 31, 2025, from the fund's annual report. Original document →
• A past year says nothing about the next one. All figures are the fund's own, from its reports to the regulator.

Why the shares and the holdings can differ: the gap between price and value. Why payouts count: a payout that is your own money back.

What the fund holds

Mostly shares (81%), the rest bonds. About 51% issued in the U.S.

The fund also sells options on its holdings to raise income.

1. United States of America - Bureau of the Public Debt - 14%
2. Exxonmobil Holdings, Exxon Mobil Corp Com - 5.9%
3. Newmont - 4.8%
4. Bhp Group Ltd Sponsored - 3.6%
5. Chevron - 3.4%
6. Freeport-Mcmoran class B shares - 3.4%
7. Rio Tinto PLC - 3%
8. Northern Star Resources Ltd Npv - 2.8%
9. Shell PLC Spon - 2.4%
10. Endeavour Mining PLC Ord USD0.01 - 2.3%

As of June 30, 2026, from the fund's quarterly holdings report. Original document →