GNT - GAMCO Natural Resources, Gold & Income Trust

What this means for you

Saba owned more than 5% of this fund and has since sold down below that level, so it no longer has to report its holding.

Nothing is required of you. If a large investor buys in again, the notice appears here the day it is filed.

Email me if this changes

What happened, and when

1. June 30, 2026

   The fund said it may sell new shares.

   Original document →

2. April 24, 2026

   The fund said it may sell new shares.

   Original document →

3. Feb 18, 2026

   The fund said it will repay some borrowed money on March 20, 2026.

   Original document →

4. Nov 5, 2025

   Saba sold down below 5% and stopped reporting.

   Original document →

5. Oct 31, 2025

   Saba cut its stake to 5.2% (from 6.2%). It has said it may push for changes.

   Original document →

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 $133 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 19% on top of its own money, as of June 30, 2026. Borrowed money makes gains and losses bigger. About 79% 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 →
• Costs: 1.3% a year in management fees; 2% 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 →
• Payouts: last fiscal year (ended Dec 31, 2025) the fund paid $0.51 a share. $0.18 of that was income; $0.33 was your own money back, not income. 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): $8.29. The shares traded at $7.45, about 10.1% below that. As of Dec 31, 2025, from the fund's yearly report. Original document →
  Over the last two years the gap ranged from 15.5% below to 5.1% below. As of Dec 31, 2025, from the fund's annual report. Original document →
• How the holdings did: down 0.3% over the last three months we have (April-June 2026), before the share price is taken into account. Over the last 12 months: +40.5%. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
• How the holdings did over the fiscal year (ended Dec 31, 2025): the value of the holdings returned +48.1%. How the share price did: the shares returned +52.3% over the same year, counting payouts and the change in the market price. As of Dec 31, 2025, from the fund's annual report. Original document →
• First reported to the regulator in 2008.

What the fund holds

Mostly shares (73%), the rest bonds. About 56% 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, B 0 07/16/26 - 9.1%
2. United States of America - Bureau of the Public Debt, B 0 09/17/26 - 5.6%
3. Newmont - 3.9%
4. Exxonmobil Holdings, Exxon Mobil Corp Com - 3.5%
5. Deere & Company - 3.3%
6. Bayer AG Npv (Regd) - 3.3%
7. Bhp Group Ltd Sponsored - 3%
8. Freeport-Mcmoran class B shares - 2.7%
9. United States of America - Bureau of the Public Debt, B 0 07/14/26 - 2.6%
10. United States of America - Bureau of the Public Debt, Xib 0 08/13/26 - 2.6%

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