GAMCO Global Gold, Natural Resources & Income Trust
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About
GAMCO Global Gold, Natural Resources & Income Trust (GGN) is a closed-end fund based in the United States. It is managed by Gabelli Funds and primarily invests in companies related to gold, natural resources, and income-generating securities.
The fund's investment strategy focuses on public equities worldwide. It primarily holds stocks of companies active in the gold industry, such as those involved in exploration, mining, processing, and distribution. It also invests in companies across broader natural resource sectors, including energy, agriculture, forestry, metals, and minerals. Related investments include transportation companies and equipment manufacturers serving these industries.
The fund employs an options strategy, utilizing call options on its holdings. Its performance is measured against several benchmarks, including the CBOE S&P 500 Buy/Write Index and specific sector indices for gold, silver, and energy. The fund launched in 2005 and remains a vehicle for investors seeking exposure to the resource sectors through a managed portfolio with an income-oriented approach.