NPORT-EX 2 GB40GB033125.htm
1
GAMCO Global Gold, Natural Resources & Income Trust
Schedule of Investments — March 31, 2025 (Unaudited)
Shares
Market
Value
COMMON STOCKS — 87.5%
Energy and Energy Services — 32.2%
67,800‌
APA Corp.
......................
$ 1,425,156‌
171,700‌
Baker Hughes Co.
.................
7,546,215‌
233,400‌
BP plc, ADR(a)
...................
7,886,586‌
155,800‌
Chevron Corp.(a)
.................
26,063,782‌
111,530‌
ConocoPhillips(a)
.................
11,712,881‌
128,500‌
Coterra Energy Inc.
................
3,713,650‌
101,200‌
Devon Energy Corp.
...............
3,784,880‌
33,700‌
Diamondback Energy Inc.
...........
5,387,956‌
274,000‌
Eni SpA
........................
4,236,157‌
101,300‌
EOG Resources Inc.
...............
12,990,712‌
114,600‌
EQT Corp.
......................
6,123,078‌
380,383‌
Exxon Mobil Corp.(a)
..............
45,238,950‌
156,800‌
Halliburton Co.(a)
.................
3,978,016‌
25,200‌
Hess Corp.
......................
4,025,196‌
233,000‌
Kinder Morgan Inc.(a)
..............
6,647,490‌
64,600‌
Marathon Petroleum Corp.(a)
.........
9,411,574‌
74,000‌
Occidental Petroleum Corp.(a)
........
3,652,640‌
115,000‌
ONEOK Inc.
.....................
11,410,300‌
74,900‌
Phillips 66(a)
....................
9,248,652‌
235,200‌
Schlumberger NV(a)
...............
9,831,360‌
263,400‌
Shell plc, ADR(a)
.................
19,301,952‌
104,600‌
Suncor Energy Inc.
................
4,050,112‌
26,600‌
Targa Resources Corp.
.............
5,332,502‌
141,400‌
The Williams Companies Inc.(a)
.......
8,450,064‌
207,600‌
TotalEnergies SE, ADR(a)
............
13,429,644‌
57,600‌
Valero Energy Corp.(a)
.............
7,607,232‌
252,486,737‌
Metals and Mining — 55.3%
68,800‌
Agnico Eagle Mines Ltd.(a)
..........
7,458,608‌
875,500‌
Alamos Gold Inc., Cl. A(a)
...........
23,410,870‌
326,600‌
Anglogold Ashanti plc
..............
12,123,392‌
260,500‌
Artemis Gold Inc.†
................
3,097,290‌
351,000‌
Aya Gold & Silver Inc.†
.............
2,712,289‌
876,219‌
Barrick Gold Corp.(a)
..............
17,033,697‌
4,605,131‌
Bellevue Gold Ltd.†
................
3,294,756‌
348,100‌
BHP Group Ltd., ADR(a)
............
16,896,774‌
2,048,600‌
Calibre Mining Corp.†
..............
4,555,450‌
8,055,472‌
De Grey Mining Ltd.†
..............
10,721,273‌
176,000‌
Discovery Silver Corp.†
.............
259,282‌
761,000‌
Dundee Precious Metals Inc.
.........
10,089,907‌
764,500‌
Eldorado Gold Corp.†(a)
............
12,858,890‌
702,600‌
Endeavour Mining plc
..............
16,883,297‌
3,308,729‌
Evolution Mining Ltd.
..............
14,699,636‌
112,300‌
Franco-Nevada Corp.(a)
.............
17,693,988‌
516,200‌
Freeport-McMoRan Inc.(a)
...........
19,543,332‌
641,500‌
G Mining Ventures Corp.†
...........
8,367,294‌
550,000‌
Glencore plc
.....................
1,991,426‌
227,600‌
Gold Fields Ltd., ADR
..............
5,027,684‌
2,273,055‌
Gold Road Resources Ltd.
...........
4,104,720‌
Shares
Market
Value
224,500‌
IAMGOLD Corp.†
.................
$ 1,403,125‌
674,200‌
K92 Mining Inc.†
.................
5,814,129‌
2,059,700‌
Kinross Gold Corp.
................
25,972,817‌
536,900‌
Lundin Gold Inc.
..................
16,625,040‌
302,500‌
MAG Silver Corp.
.................
4,622,200‌
859,500‌
Newmont Corp.(a)
................
41,496,660‌
2,505,108‌
Northern Star Resources Ltd.
.........
28,676,603‌
1,159,500‌
OceanaGold Corp.
.................
3,867,552‌
220,000‌
Osisko Gold Royalties Ltd.
...........
4,646,400‌
203,400‌
Pan American Silver Corp.
...........
5,253,822‌
3,910,294‌
Perseus Mining Ltd.
...............
8,136,346‌
324,000‌
Rio Tinto plc, ADR(a)
..............
19,465,920‌
79,900‌
Royal Gold Inc.
...................
13,064,449‌
540,000‌
Victoria Gold Corp.†(b)
.............
0‌
719,400‌
Wesdome Gold Mines Ltd.†
..........
8,568,511‌
4,910,826‌
Westgold Resources Ltd.
............
8,837,365‌
308,650‌
Wheaton Precious Metals Corp.(a)
.....
23,960,500‌
433,235,294‌
TOTAL COMMON STOCKS
.........
685,722,031‌
Principal
Amount
CONVERTIBLE CORPORATE BONDS — 0.2%
Metals and Mining — 0.2%
$ 2,250,000‌
Allied Gold Corp.,
8.750%, 09/07/28(c)
.............
2,025,000‌
CORPORATE BONDS — 2.3%
Energy and Energy Services — 0.0%
245,000‌
Devon Energy Corp.,
4.500%, 01/15/30
...............
240,517‌
Metals and Mining — 2.3%
2,250,000‌
AngloGold Ashanti Holdings plc,
3.750%, 10/01/30
...............
2,076,853‌
2,250,000‌
Freeport-McMoRan Inc.,
4.125%, 03/01/28
...............
2,213,282‌
2,000,000‌
Hecla Mining Co.,
7.250%, 02/15/28
...............
2,018,818‌
2,000,000‌
IAMGOLD Corp.,
5.750%, 10/15/28(c)
.............
1,954,335‌
3,700,000‌
Kinross Gold Corp.,
6.250%, 07/15/33(c)
.............
3,891,586‌
5,250,000‌
Northern Star Resources Ltd.,
6.125%, 04/11/33(c)
.............
5,432,110‌
17,586,984‌
TOTAL CORPORATE BONDS
........
17,827,501‌
2
GAMCO Global Gold, Natural Resources & Income Trust
Schedule of Investments (Continued) — March 31, 2025 (Unaudited)
Principal
Amount
Market
Value
U.S. GOVERNMENT OBLIGATIONS — 10.0%
$ 78,753,000‌
U.S. Treasury Bills,
4.222% to 4.270%††, 04/22/25 to
07/17/25(d)
...................
$ 78,155,417‌
TOTAL INVESTMENTS BEFORE OPTIONS
WRITTEN — 100.0%
...........
(Cost $775,572,244)
.............
$ 783,729,949‌
(a) Securities, or a portion thereof, with a value of $221,872,374 were
deposited with the broker as collateral for options written.
(b) Security is valued using significant unobservable inputs and is classified
as Level 3 in the fair value hierarchy.
(c) Securities exempt from registration under Rule 144A of the Securities
Act of 1933, as amended. These securities may be resold in transactions
exempt from registration, normally to qualified institutional buyers.
(d) At March 31, 2025, $11,500,000 of the principal amount was pledged
as collateral for options written.
† Non-income producing security.
†† Represents annualized yields at dates of purchase.
ADR
American Depositary Receipt
Geographic Diversification
% of Total
Investments*
Market
Value
Long Positions
North America
......................
74.1‌%
$ 580,507,455‌
Asia/Pacific
.........................
12.9‌ 
100,799,583‌
Europe
..............................
12.4‌ 
97,395,227‌
South Africa
.........................
0.6‌ 
5,027,684‌
Total Investments — Long Positions
100.0‌%
$ 783,729,949‌
Short Positions
North America
......................
(4.4‌)%
$ (35,197,766‌)
Europe
..............................
(0.1‌) 
(482,414‌)
Asia/Pacific
.........................
(0.1‌) 
(394,450‌)
Total Investments — Short Positions
(4.6‌)%
$ (36,074,630‌)
* Total investments exclude options written.
As of March 31, 2025, options written outstanding were as follows:
Description
Counterparty
Number of
Contracts
Notional
Amount
Exercise
Price
Expiration
Date
Market
Value
OTC Call Options Written — (4.3)%
Agnico Eagle Mines Ltd.
Pershing LLC
410‌
USD
4,444,810‌
USD
90.00
04/17/25
$ 764,824‌
Agnico Eagle Mines Ltd.
Pershing LLC
278‌
USD
3,013,798‌
USD
107.50
07/18/25
239,689‌
Alamos Gold Inc., Cl. A
Pershing LLC
3,050‌
USD
8,155,700‌
USD
22.50
05/16/25
1,373,676‌
Alamos Gold Inc., Cl. A
Pershing LLC
3,050‌
USD
8,155,700‌
USD
21.50
07/18/25
1,771,131‌
Anglogold Ashanti plc
Pershing LLC
425‌
USD
1,577,600‌
USD
30.00
05/16/25
319,831‌
Anglogold Ashanti plc
Pershing LLC
1,040‌
USD
3,860,480‌
USD
31.50
06/20/25
695,781‌
APA Corp.
Pershing LLC
678‌
USD
1,425,156‌
USD
23.50
07/18/25
55,958‌
Baker Hughes Co.
Pershing LLC
610‌
USD
2,680,950‌
USD
40.00
05/16/25
257,605‌
Baker Hughes Co.
Pershing LLC
510‌
USD
2,241,450‌
USD
45.00
07/18/25
120,991‌
Baker Hughes Co.
Pershing LLC
597‌
USD
2,623,815‌
USD
45.00
09/19/25
187,137‌
Barrick Gold Corp.
Pershing LLC
2,300‌
USD
4,471,200‌
USD
21.00
05/16/25
88,328‌
Barrick Gold Corp.
Pershing LLC
2,921‌
USD
5,678,424‌
USD
21.00
07/18/25
236,096‌
BHP Group Ltd., ADR
Pershing LLC
1,200‌
USD
5,824,800‌
USD
55.00
04/17/25
2,357‌
BHP Group Ltd., ADR
Pershing LLC
1,081‌
USD
5,247,174‌
USD
57.50
05/16/25
7,035‌
BHP Group Ltd., ADR
Pershing LLC
1,160‌
USD
5,630,640‌
USD
55.00
06/20/25
58,196‌
BP plc, ADR
Pershing LLC
760‌
USD
2,568,040‌
USD
32.50
04/17/25
121,013‌
BP plc, ADR
Pershing LLC
760‌
USD
2,568,040‌
USD
35.00
05/16/25
45,998‌
BP plc, ADR
Pershing LLC
807‌
USD
2,726,853‌
USD
36.50
06/20/25
40,692‌
Calibre Mining Corp.
Pershing LLC
8,200‌
CAD
2,624,000‌
CAD
3.40
05/16/25
82,475‌
Chevron Corp.
Pershing LLC
545‌
USD
9,117,305‌
USD
155.00
05/16/25
691,073‌
Chevron Corp.
Pershing LLC
509‌
USD
8,515,061‌
USD
160.00
07/18/25
632,930‌
Chevron Corp.
Pershing LLC
504‌
USD
8,431,416‌
USD
174.00
09/19/25
354,241‌
3
GAMCO Global Gold, Natural Resources & Income Trust
Schedule of Investments (Continued) — March 31, 2025 (Unaudited)
Description
Counterparty
Number of
Contracts
Notional
Amount
Exercise
Price
Expiration
Date
Market
Value
ConocoPhillips
Pershing LLC
390‌
USD
4,095,780‌
USD
105.00
04/17/25
$ 91,444‌
ConocoPhillips
Pershing LLC
130‌
USD
1,365,260‌
USD
112.00
05/16/25
18,339‌
ConocoPhillips
Pershing LLC
185‌
USD
1,942,870‌
USD
115.00
05/16/25
15,854‌
ConocoPhillips
Pershing LLC
410‌
USD
4,305,820‌
USD
110.00
07/18/25
166,841‌
Coterra Energy Inc.
Pershing LLC
600‌
USD
1,734,000‌
USD
29.00
05/16/25
71,513‌
Coterra Energy Inc.
Pershing LLC
685‌
USD
1,979,650‌
USD
29.50
07/18/25
111,730‌
Devon Energy Corp.
Pershing LLC
506‌
USD
1,892,440‌
USD
37.50
04/17/25
53,895‌
Devon Energy Corp.
Pershing LLC
506‌
USD
1,892,440‌
USD
42.50
06/20/25
36,915‌
Diamondback Energy Inc.
Pershing LLC
112‌
USD
1,790,656‌
USD
205.00
04/17/25
14‌
Diamondback Energy Inc.
Pershing LLC
80‌
USD
1,279,040‌
USD
172.50
06/20/25
27,421‌
Diamondback Energy Inc.
Pershing LLC
145‌
USD
2,318,260‌
USD
171.00
08/15/25
88,829‌
Dundee Precious Metals Inc.
Pershing LLC
3,400‌
CAD
6,487,200‌
CAD
15.00
05/16/25
990,381‌
Dundee Precious Metals Inc.
Pershing LLC
2,670‌
CAD
5,094,360‌
CAD
19.00
07/18/25
224,288‌
Eldorado Gold Corp.
Pershing LLC
2,765‌
USD
4,650,730‌
USD
20.50
04/17/25
2,180‌
Eldorado Gold Corp.
Pershing LLC
2,600‌
USD
4,373,200‌
USD
19.00
06/20/25
157,039‌
Endeavour Mining plc
Pershing LLC
2,400‌
CAD
8,299,200‌
CAD
37.00
07/18/25
294,975‌
Eni SpA
Morgan Stanley
179‌
EUR
1,279,671‌
EUR
15.50
04/17/25
983‌
Eni SpA
Morgan Stanley
190‌
EUR
1,358,310‌
EUR
15.50
05/16/25
7,803‌
Eni SpA
Morgan Stanley
179‌
EUR
1,279,671‌
EUR
15.50
06/20/25
11,467‌
EOG Resources Inc.
Pershing LLC
300‌
USD
3,847,200‌
USD
136.00
04/17/25
12,915‌
EOG Resources Inc.
Pershing LLC
380‌
USD
4,873,120‌
USD
130.00
06/20/25
216,068‌
EOG Resources Inc.
Pershing LLC
333‌
USD
4,270,392‌
USD
145.00
08/15/25
84,143‌
EQT Corp.
Pershing LLC
320‌
USD
1,709,760‌
USD
41.00
04/17/25
401,066‌
EQT Corp.
Pershing LLC
63‌
USD
336,609‌
USD
50.00
04/17/25
25,711‌
EQT Corp.
Pershing LLC
320‌
USD
1,709,760‌
USD
43.00
06/20/25
362,478‌
EQT Corp.
Pershing LLC
63‌
USD
336,609‌
USD
50.00
06/20/25
37,468‌
EQT Corp.
Pershing LLC
380‌
USD
2,030,340‌
USD
50.00
08/15/25
267,495‌
Exxon Mobil Corp.
Pershing LLC
152‌
USD
1,807,736‌
USD
110.00
05/16/25
146,837‌
Exxon Mobil Corp.
Pershing LLC
316‌
USD
3,758,188‌
USD
120.00
05/16/25
94,908‌
Exxon Mobil Corp.
Pershing LLC
870‌
USD
10,346,910‌
USD
122.50
05/16/25
173,260‌
Exxon Mobil Corp.
Pershing LLC
1,150‌
USD
13,676,950‌
USD
120.00
07/18/25
611,710‌
Exxon Mobil Corp.
Pershing LLC
1,315‌
USD
15,639,295‌
USD
120.00
09/19/25
894,977‌
Franco-Nevada Corp.
Pershing LLC
390‌
USD
6,144,840‌
USD
127.50
05/16/25
1,207,053‌
Franco-Nevada Corp.
Pershing LLC
400‌
USD
6,302,400‌
USD
130.00
07/18/25
1,197,093‌
Franco-Nevada Corp.
Pershing LLC
333‌
USD
5,246,748‌
USD
160.00
09/19/25
395,793‌
Freeport-McMoRan Inc.
Pershing LLC
1,720‌
USD
6,511,920‌
USD
44.50
04/17/25
12,515‌
Freeport-McMoRan Inc.
Pershing LLC
1,722‌
USD
6,519,492‌
USD
45.50
06/20/25
127,337‌
Freeport-McMoRan Inc.
Pershing LLC
1,720‌
USD
6,511,920‌
USD
45.00
08/15/25
249,658‌
G Mining Ventures Corp.
Pershing LLC
1,350‌
CAD
2,533,950‌
CAD
16.00
05/16/25
266,685‌
G Mining Ventures Corp.
Pershing LLC
2,135‌
CAD
4,007,395‌
CAD
20.00
07/18/25
176,445‌
Glencore plc
Morgan Stanley
275‌
GBP
770,825‌
GBp
420.00
04/17/25
0‌
Gold Fields Ltd., ADR
Pershing LLC
340‌
USD
751,060‌
USD
16.00
05/16/25
211,977‌
Gold Fields Ltd., ADR
Pershing LLC
850‌
USD
1,877,650‌
USD
20.00
07/18/25
299,297‌
Gold Fields Ltd., ADR
Pershing LLC
320‌
USD
706,880‌
USD
20.00
09/19/25
119,743‌
Halliburton Co.
Pershing LLC
500‌
USD
1,268,500‌
USD
29.50
04/17/25
793‌
Halliburton Co.
Pershing LLC
518‌
USD
1,314,166‌
USD
32.00
05/16/25
1,491‌
Halliburton Co.
Pershing LLC
550‌
USD
1,395,350‌
USD
29.50
06/20/25
17,896‌
Hess Corp.
Pershing LLC
80‌
USD
1,277,840‌
USD
145.00
04/17/25
121,706‌
Hess Corp.
Pershing LLC
80‌
USD
1,277,840‌
USD
140.00
06/20/25
176,840‌
Hess Corp.
Pershing LLC
92‌
USD
1,469,516‌
USD
155.00
08/15/25
126,864‌
K92 Mining Inc.
Pershing LLC
4,172‌
CAD
5,177,452‌
CAD
11.00
04/17/25
416,927‌
K92 Mining Inc.
Pershing LLC
2,570‌
CAD
3,189,370‌
CAD
10.40
06/20/25
406,421‌
4
GAMCO Global Gold, Natural Resources & Income Trust
Schedule of Investments (Continued) — March 31, 2025 (Unaudited)
Description
Counterparty
Number of
Contracts
Notional
Amount
Exercise
Price
Expiration
Date
Market
Value
Kinder Morgan Inc.
Pershing LLC
1,140‌
USD
3,252,420‌
USD
27.00
04/17/25
$ 207,769‌
Kinder Morgan Inc.
Pershing LLC
1,190‌
USD
3,395,070‌
USD
27.00
05/16/25
230,333‌
Kinross Gold Corp.
Pershing LLC
4,250‌
USD
5,359,250‌
USD
10.50
04/17/25
911,358‌
Kinross Gold Corp.
Pershing LLC
3,843‌
USD
4,846,023‌
USD
11.00
04/17/25
643,171‌
Kinross Gold Corp.
Pershing LLC
3,844‌
USD
4,847,284‌
USD
11.50
05/16/25
556,659‌
Kinross Gold Corp.
Pershing LLC
7,000‌
USD
8,827,000‌
USD
14.00
08/15/25
573,336‌
Lundin Gold Inc.
Pershing LLC
1,278‌
CAD
5,694,768‌
CAD
33.00
04/17/25
1,034,107‌
Lundin Gold Inc.
Pershing LLC
1,765‌
CAD
7,864,840‌
CAD
32.50
06/20/25
1,483,263‌
Lundin Gold Inc.
Pershing LLC
1,136‌
CAD
5,062,016‌
CAD
41.50
08/15/25
436,378‌
MAG Silver Corp.
Pershing LLC
1,525‌
USD
2,330,200‌
USD
17.00
06/20/25
116,455‌
Marathon Petroleum Corp.
Pershing LLC
190‌
USD
2,768,110‌
USD
162.50
04/17/25
6,309‌
Marathon Petroleum Corp.
Pershing LLC
200‌
USD
2,913,800‌
USD
175.00
05/16/25
10,899‌
Marathon Petroleum Corp.
Pershing LLC
226‌
USD
3,292,594‌
USD
162.00
06/20/25
73,783‌
Newmont Corp.
Pershing LLC
2,580‌
USD
12,456,240‌
USD
48.00
04/17/25
407,204‌
Newmont Corp.
Pershing LLC
3,390‌
USD
16,366,920‌
USD
57.50
06/20/25
234,372‌
Northern Star Resources Ltd.
Morgan Stanley
8,350‌
AUD
15,297,200‌
AUD
18.00
04/17/25
394,451‌
Occidental Petroleum Corp.
Pershing LLC
270‌
USD
1,332,720‌
USD
60.00
05/16/25
3,918‌
Occidental Petroleum Corp.
Pershing LLC
230‌
USD
1,135,280‌
USD
58.00
07/18/25
15,030‌
Occidental Petroleum Corp.
Pershing LLC
240‌
USD
1,184,640‌
USD
52.50
09/19/25
64,907‌
OceanaGold Corp.
Pershing LLC
4,195‌
CAD
2,013,600‌
CAD
5.00
05/16/25
60,811‌
ONEOK Inc.
Pershing LLC
370‌
USD
3,671,140‌
USD
110.00
04/17/25
7,429‌
ONEOK Inc.
Pershing LLC
290‌
USD
2,877,380‌
USD
102.00
05/16/25
76,002‌
ONEOK Inc.
Pershing LLC
385‌
USD
3,819,970‌
USD
107.00
06/20/25
84,238‌
Osisko Gold Royalties Ltd.
Pershing LLC
1,200‌
USD
2,534,400‌
USD
21.00
04/17/25
77,401‌
Osisko Gold Royalties Ltd.
Pershing LLC
1,000‌
USD
2,112,000‌
USD
21.00
05/16/25
106,185‌
Pan American Silver Corp.
Pershing LLC
200‌
USD
516,600‌
USD
26.00
04/17/25
17,693‌
Pan American Silver Corp.
Pershing LLC
250‌
USD
645,750‌
USD
27.00
04/17/25
12,414‌
Pan American Silver Corp.
Pershing LLC
644‌
USD
1,663,452‌
USD
26.00
06/20/25
130,954‌
Pan American Silver Corp.
Pershing LLC
340‌
USD
878,220‌
USD
25.00
08/15/25
110,407‌
Pan American Silver Corp.
Pershing LLC
350‌
USD
904,050‌
USD
26.00
08/15/25
96,270‌
Phillips 66
Pershing LLC
250‌
USD
3,087,000‌
USD
145.00
04/17/25
540‌
Phillips 66
Pershing LLC
282‌
USD
3,482,136‌
USD
141.50
05/16/25
15,846‌
Phillips 66
Pershing LLC
217‌
USD
2,679,516‌
USD
140.00
07/18/25
50,298‌
Rio Tinto plc, ADR
Pershing LLC
1,000‌
USD
6,008,000‌
USD
72.50
04/17/25
1,161‌
Rio Tinto plc, ADR
Pershing LLC
1,120‌
USD
6,728,960‌
USD
68.00
05/16/25
29,115‌
Rio Tinto plc, ADR
Pershing LLC
1,120‌
USD
6,728,960‌
USD
66.00
06/20/25
109,143‌
Royal Gold Inc.
Pershing LLC
320‌
USD
5,232,320‌
USD
155.00
05/16/25
279,844‌
Schlumberger NV
Pershing LLC
835‌
USD
3,490,300‌
USD
45.00
04/17/25
13,177‌
Schlumberger NV
Pershing LLC
782‌
USD
3,268,760‌
USD
47.00
05/16/25
27,005‌
Schlumberger NV
Pershing LLC
735‌
USD
3,072,300‌
USD
45.00
07/18/25
105,157‌
Shell plc, ADR
Pershing LLC
844‌
USD
6,184,832‌
USD
71.00
04/17/25
237,460‌
Shell plc, ADR
Pershing LLC
890‌
USD
6,521,920‌
USD
71.00
06/20/25
353,736‌
Shell plc, ADR
Pershing LLC
900‌
USD
6,595,200‌
USD
70.00
10/17/25
550,461‌
Suncor Energy Inc.
Pershing LLC
335‌
USD
1,297,120‌
USD
38.00
04/17/25
44,987‌
Suncor Energy Inc.
Pershing LLC
335‌
USD
1,297,120‌
USD
41.50
06/20/25
26,205‌
Suncor Energy Inc.
Pershing LLC
375‌
USD
1,452,000‌
USD
40.00
08/15/25
72,762‌
Targa Resources Corp.
Pershing LLC
133‌
USD
2,666,251‌
USD
200.00
06/20/25
181,352‌
Targa Resources Corp.
Pershing LLC
133‌
USD
2,666,251‌
USD
200.00
07/18/25
211,109‌
The Williams Companies Inc.
Pershing LLC
754‌
USD
4,505,904‌
USD
56.00
05/16/25
384,835‌
The Williams Companies Inc.
Pershing LLC
660‌
USD
3,944,160‌
USD
56.00
07/18/25
399,493‌
TotalEnergies SE, ADR
Pershing LLC
705‌
USD
4,560,645‌
USD
70.00
04/17/25
4,074‌
TotalEnergies SE, ADR
Pershing LLC
705‌
USD
4,560,645‌
USD
67.50
05/16/25
67,527‌
5
GAMCO Global Gold, Natural Resources & Income Trust
Schedule of Investments (Continued) — March 31, 2025 (Unaudited)
Description
Counterparty
Number of
Contracts
Notional
Amount
Exercise
Price
Expiration
Date
Market
Value
TotalEnergies SE, ADR
Pershing LLC
666‌
USD
4,308,354‌
USD
65.00
06/20/25
$ 151,464‌
Valero Energy Corp.
Pershing LLC
192‌
USD
2,535,744‌
USD
150.00
04/17/25
3,404‌
Valero Energy Corp.
Pershing LLC
192‌
USD
2,535,744‌
USD
152.00
05/16/25
19,309‌
Valero Energy Corp.
Pershing LLC
192‌
USD
2,535,744‌
USD
152.00
06/20/25
37,829‌
Wesdome Gold Mines Ltd.
Pershing LLC
2,569‌
CAD
4,403,266‌
CAD
14.25
05/16/25
563,542‌
Wesdome Gold Mines Ltd.
Pershing LLC
2,125‌
CAD
3,642,250‌
CAD
17.00
08/15/25
248,940‌
Wesdome Gold Mines Ltd.
Pershing LLC
2,500‌
CAD
4,285,000‌
CAD
17.50
09/19/25
282,730‌
Wheaton Precious Metals Corp.
Pershing LLC
1,200‌
USD
9,315,600‌
USD
66.00
05/16/25
1,466,309‌
Wheaton Precious Metals Corp.
Pershing LLC
835‌
USD
6,482,105‌
USD
82.00
08/15/25
380,802‌
TOTAL OTC CALL OPTIONS WRITTEN
$ 33,883,660‌
OTC Put Options Written — (0.0)%
Energy Select Sector SPDR ETF
Pershing LLC
740‌
USD
9,941,435‌
USD
79.00
05/16/25
$ 16,155‌
VanEck Agribusiness ETF
Pershing LLC
586‌
USD
5,719,282‌
USD
66.50
06/20/25
92,521‌
VanEck Gold Miners ETF
Pershing LLC
2,200‌
USD
6,684,770‌
USD
32.50
04/17/25
4,326‌
VanEck Gold Miners ETF
Pershing LLC
1,940‌
USD
5,894,752‌
USD
37.00
05/16/25
25,673‌
TOTAL OTC PUT OPTIONS WRITTEN
$ 138,675‌
Description
Number of
Contracts
Notional
Amount
Exercise
Price
Expiration
Date
Market
Value
Exchange Traded Call Options Written — (0.2)%
Alamos Gold Inc., Cl. A
2,233‌
USD
5,971,042‌
USD
26.00
09/19/25
$ 736,890‌
Anglogold Ashanti plc
1,090‌
USD
4,046,080‌
USD
33.00
04/17/25
462,160‌
Barrick Gold Corp.
3,000‌
USD
5,832,000‌
USD
18.00
04/17/25
459,000‌
IAMGOLD Corp.
2,245‌
USD
1,403,125‌
USD
7.00
09/19/25
145,925‌
MAG Silver Corp.
1,500‌
USD
2,292,000‌
USD
17.50
05/16/25
52,500‌
TOTAL EXCHANGE TRADED CALL OPTIONS WRITTEN
$ 1,856,475‌
Exchange Traded Put Options Written — (0.0)%
Energy Select Sector SPDR ETF
740‌
USD
9,941,435‌
USD
84.00
04/17/25
$ 8,140‌
VanEck Agribusiness ETF
391‌
USD
3,816,108‌
USD
66.00
04/17/25
187,680‌
TOTAL EXCHANGE TRADED PUT OPTIONS WRITTEN
$ 195,820‌
TOTAL OPTIONS WRITTEN
$ 36,074,630‌