<SEC-DOCUMENT>0001752724-21-029839.txt : 20210219
<SEC-HEADER>0001752724-21-029839.hdr.sgml : 20210219
<ACCEPTANCE-DATETIME>20210219125758
ACCESSION NUMBER:		0001752724-21-029839
CONFORMED SUBMISSION TYPE:	NPORT-P
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20201231
FILED AS OF DATE:		20210219
PERIOD START:           	20201231

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GAMCO Natural Resources, Gold & Income Trust
		CENTRAL INDEX KEY:			0001438893
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		NPORT-P
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-22216
		FILM NUMBER:		21653630

	BUSINESS ADDRESS:	
		STREET 1:		ONE CORPORATE CENTER
		CITY:			RYE
		STATE:			NY
		ZIP:			10580
		BUSINESS PHONE:		914-921-5100

	MAIL ADDRESS:	
		STREET 1:		ONE CORPORATE CENTER
		CITY:			RYE
		STATE:			NY
		ZIP:			10580

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	GAMCO Natural Resources, Gold & Income Trust by Gabelli
		DATE OF NAME CHANGE:	20120106

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Gabelli Natural Resources, Gold & Income Trust
		DATE OF NAME CHANGE:	20080717

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Gabelli Gold & Income Trust
		DATE OF NAME CHANGE:	20080630
</SEC-HEADER>
<DOCUMENT>
<TYPE>NPORT-P
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
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      <repPdDate>2020-12-31</repPdDate>
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        <name>BAY CREST PARTNERS LLC</name>
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        <name>NEW YORK STOCK EXCHANGE</name>
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        <name>Pan American Silver CVR</name>
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        <name>STIFEL, NICOLAUS &amp; COMPANY, INCORPORATED</name>
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        <name>OSISKO GOLD ROYALTIES</name>
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        <name>RBC CAPITAL MARKETS, LLC</name>
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        <name>FBN SECURITIES, INC.</name>
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        <name>Gold Fields Ltd</name>
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        <name>INTL FCSTONE FINANCIAL INC.</name>
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        <name>CANTOR FITZGERALD &amp; CO.</name>
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        <name>NEW YORK STOCK EXCHANGE</name>
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        <name>CANTOR FITZGERALD &amp; CO.</name>
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        <name>CITIGROUP GLOBAL MARKETS INC.</name>
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        <name>NEW YORK STOCK EXCHANGE</name>
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        <name>Zoetis Inc</name>
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        <name>J.P. MORGAN SECURITIES LLC</name>
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        <name>UBS SECURITIES LLC</name>
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        <name>SG COWEN SECURITIES CORPORATION</name>
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        <name>NATIONAL BANK OF CANADA</name>
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        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
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            <counterparties>
              <counterpartyName>NATIONAL BANK OF CANADA</counterpartyName>
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            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
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                <issuerName>Newmont Corp</issuerName>
                <issueTitle>Newmont Corp</issueTitle>
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                  <isin value="US6516391066"/>
                  <ticker value="NEM"/>
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            <shareNo>100.00000000</shareNo>
            <exercisePrice>65.00000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2021-03-19</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>15228.97000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JEFFERIES GROUP LLC</name>
        <lei>NY9Q8VBNB6D1L6YV0J84</lei>
        <title>MARATHON PETROLEUM CORP</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="ES8832693"/>
        </identifiers>
        <balance>-27.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-3309.79000000</valUSD>
        <pctVal>-0.00281379049</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>JEFFERIES GROUP LLC</counterpartyName>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
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                <issuerName>Marathon Petroleum Corp</issuerName>
                <issueTitle>Marathon Petroleum Corp</issueTitle>
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                  <ticker value="MPC"/>
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            <shareNo>100.00000000</shareNo>
            <exercisePrice>42.50000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2021-01-15</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-637.81000000</unrealizedAppr>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FBN SECURITIES, INC.</name>
        <lei>549300IZFVXL9ZPJFM37</lei>
        <title>BUNGE LTD</title>
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        <identifiers>
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        <curCd>USD</curCd>
        <valUSD>-84205.14000000</valUSD>
        <pctVal>-0.07158630076</pctVal>
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        <assetCat>DE</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
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            <counterparties>
              <counterpartyName>FBN SECURITIES, INC.</counterpartyName>
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            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
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                <issuerName>Bunge Ltd</issuerName>
                <issueTitle>Bunge Ltd</issueTitle>
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            <shareNo>100.00000000</shareNo>
            <exercisePrice>57.50000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2021-02-19</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-59908.91000000</unrealizedAppr>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MORGAN STANLEY &amp; CO. LLC</name>
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        <title>ROYAL DUTCH SHELL PLC</title>
        <cusip>000000000</cusip>
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        <balance>-61.00000000</balance>
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        <currencyConditional curCd="GBP" exchangeRt="0.73126142"/>
        <valUSD>-36235.56000000</valUSD>
        <pctVal>-0.03080536053</pctVal>
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        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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            <writtenOrPur>Written</writtenOrPur>
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                <issuerName>Royal Dutch Shell PLC</issuerName>
                <issueTitle>Royal Dutch Shell PLC</issueTitle>
                <identifiers>
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                  <isin value="GB00B03MLX29"/>
                  <ticker value="RDSA"/>
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            <exercisePrice>1500.00000000</exercisePrice>
            <exercisePriceCurCd>GBP</exercisePriceCurCd>
            <expDt>2021-06-18</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>25784.91000000</unrealizedAppr>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Pilgrim's Pride Corp</name>
        <lei>549300ZSLGV64ZL3HD75</lei>
        <title>Pilgrim's Pride Corp</title>
        <cusip>72147K108</cusip>
        <identifiers>
          <isin value="US72147K1088"/>
          <ticker value="PPC"/>
        </identifiers>
        <balance>15000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>294150.00000000</valUSD>
        <pctVal>0.250069180684</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Marathon Petroleum Corp</name>
        <lei>3BNYRYQHD39K4LCKQF12</lei>
        <title>Marathon Petroleum Corp</title>
        <cusip>56585A102</cusip>
        <identifiers>
          <isin value="US56585A1025"/>
          <ticker value="MPC"/>
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        <balance>22195.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>917985.20000000</valUSD>
        <pctVal>0.780417497346</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Baker Hughes Co</name>
        <lei>N/A</lei>
        <title>Baker Hughes Co</title>
        <cusip>05722G100</cusip>
        <identifiers>
          <isin value="US05722G1004"/>
          <ticker value="BKR"/>
        </identifiers>
        <balance>23000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>479550.00000000</valUSD>
        <pctVal>0.407685451631</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Suncor Energy Inc</name>
        <lei>549300W70ZOQDVLCHY06</lei>
        <title>Suncor Energy Inc</title>
        <cusip>867224107</cusip>
        <identifiers>
          <isin value="CA8672241079"/>
          <ticker value="SU"/>
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        <balance>21000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>352380.00000000</valUSD>
        <pctVal>0.299572931802</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Archer-Daniels-Midland Co</name>
        <lei>549300LO13MQ9HYSTR83</lei>
        <title>Archer-Daniels-Midland Co</title>
        <cusip>039483102</cusip>
        <identifiers>
          <isin value="US0394831020"/>
          <ticker value="ADM"/>
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        <balance>48000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2419680.00000000</valUSD>
        <pctVal>2.057070865608</pctVal>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Concho Resources Inc</name>
        <lei>SYHS7HRDXLL4I0IQ8776</lei>
        <title>Concho Resources Inc</title>
        <cusip>20605P101</cusip>
        <identifiers>
          <isin value="US20605P1012"/>
          <ticker value="CXO"/>
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        <balance>7400.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>431790.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2021-02-18</ncom:dateSigned>
      <ncom:nameOfApplicant>GAMCO Natural Resources, Gold &amp; Income Trust</ncom:nameOfApplicant>
      <ncom:signature>John C. Ball</ncom:signature>
      <ncom:signerName>John C. Ball</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
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</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
