NPORT-EX 2 GB41GB033122.htm
1
GAMCO
Natural
Resources,
Gold
&
Income
Trust
Schedule
of
Investments
—
March
31,
2022
(Unaudited)
Shares
Market
Value
COMMON
STOCKS
 —
76.6%
Agriculture
 —
6.5%
35,000‌
Archer-Daniels-Midland
Co.(a)
........
$
3,159,100‌
10,000‌
Bunge
Ltd.(a)
....................
1,108,100‌
37,000‌
Corteva
Inc.
.....................
2,126,760‌
41,990‌
Nutrien
Ltd.(a)
...................
4,366,540‌
10,760,500‌
Automotive
 —
0.1%
19,000‌
Iveco
Group
NV†
.................
125,062‌
Energy
and
Energy
Services
 —
19.6%
11,500‌
APA
Corp.
......................
475,295‌
22,000‌
Baker
Hughes
Co.
.................
801,020‌
41,000‌
BP
plc,
ADR
.....................
1,205,400‌
28,945‌
Chevron
Corp.(a)
.................
4,713,114‌
12,500‌
ConocoPhillips(a)
.................
1,250,000‌
21,300‌
Coterra
Energy
Inc.
................
574,461‌
13,000‌
Devon
Energy
Corp.
...............
768,690‌
2,000‌
Diamondback
Energy
Inc.
...........
274,160‌
61,500‌
Eni
SpA
........................
904,449‌
14,000‌
EOG
Resources
Inc.(a)
.............
1,669,220‌
54,000‌
Exxon
Mobil
Corp.(a)
..............
4,459,860‌
32,000‌
Halliburton
Co.(a)
.................
1,211,840‌
3,500‌
Hess
Corp.
......................
374,640‌
63,982‌
Kinder
Morgan
Inc.(a)
..............
1,209,900‌
20,000‌
Marathon
Oil
Corp.
................
502,200‌
8,895‌
Marathon
Petroleum
Corp.(a)
.........
760,522‌
10,049‌
Occidental
Petroleum
Corp.(a)
........
570,180‌
12,800‌
ONEOK
Inc.
.....................
904,064‌
11,700‌
Phillips
66(a)
....................
1,010,763‌
4,900‌
Pioneer
Natural
Resources
Co.(a)
......
1,225,147‌
37,500‌
Schlumberger
NV(a)
...............
1,549,125‌
47,000‌
Shell
plc
.......................
1,301,821‌
10,000‌
Shell
plc,
ADR
...................
549,300‌
15,500‌
Suncor
Energy
Inc.(a)
..............
505,145‌
19,000‌
The
Williams
Companies
Inc.(a)
.......
634,790‌
40,000‌
TotalEnergies
SE,
ADR(a)
............
2,021,600‌
8,600‌
Valero
Energy
Corp.(a)
.............
873,244‌
32,299,950‌
Food
and
Beverage
 —
1.7%
19,871‌
Mowi
ASA
......................
537,185‌
25,000‌
Tyson
Foods
Inc.,
Cl. A(a)
...........
2,240,750‌
2,777,935‌
Health
Care
 —
5.7%
25,500‌
Bayer
AG
.......................
1,751,802‌
27,000‌
Elanco
Animal
Health
Inc.†
...........
704,430‌
6,900‌
IDEXX
Laboratories
Inc.†(a)
..........
3,774,714‌
16,700‌
Zoetis
Inc.(a)
....................
3,149,453‌
9,380,399‌
Shares
Market
Value
Machinery
 —
3.5%
10,000‌
AGCO
Corp.
.....................
$
1,460,300‌
64,700‌
CNH
Industrial
NV
.................
1,026,142‌
8,000‌
Deere
&
Co.(a)
...................
3,323,680‌
5,810,122‌
Metals
and
Mining
 —
35.6%
46,716‌
Aclara
Resources
Inc.†
.............
27,279‌
42,687‌
Agnico
Eagle
Mines
Ltd.(a)
..........
2,614,152‌
228,000‌
Alamos
Gold
Inc.,
Cl. A(a)
...........
1,919,760‌
7,100‌
Artemis
Gold
Inc.†
................
40,323‌
344,000‌
B2Gold
Corp.
....................
1,578,960‌
168,794‌
Barrick
Gold
Corp.(a)
..............
4,140,517‌
475,000‌
Belo
Sun
Mining
Corp.†(a)
...........
288,765‌
36,000‌
BHP
Group
Ltd.,
ADR
..............
2,781,000‌
400,000‌
De
Grey
Mining
Ltd.†
..............
347,211‌
75,000‌
Dundee
Precious
Metals
Inc.
.........
447,546‌
60,500‌
Eldorado
Gold
Corp.†
..............
678,205‌
115,185‌
Endeavour
Mining
plc
..............
2,857,167‌
125,500‌
Equinox
Gold
Corp.†
...............
1,037,885‌
451,000‌
Evolution
Mining
Ltd.
..............
1,484,927‌
28,200‌
Franco-Nevada
Corp.(a)
.............
4,498,464‌
60,000‌
Freeport-McMoRan
Inc.(a)
...........
2,984,400‌
62,137‌
Fresnillo
plc
.....................
599,137‌
46,500‌
Gold
Fields
Ltd.,
ADR
..............
718,890‌
748,733‌
Gold
Road
Resources
Ltd.
...........
910,450‌
24,224‌
Harmony
Gold
Mining
Co.
Ltd.,
ADR
....
121,847‌
64,000‌
K92
Mining
Inc.†
.................
467,912‌
90,000‌
Karora
Resources
Inc.†
.............
457,865‌
175,400‌
Kinross
Gold
Corp.
................
1,031,352‌
65,000‌
Lundin
Gold
Inc.†
.................
543,335‌
15,500‌
MAG
Silver
Corp.†
................
250,635‌
70,952‌
Newcrest
Mining
Ltd.
..............
1,419,717‌
9,807‌
Newcrest
Mining
Ltd.,
OTC
..........
198,107‌
88,900‌
Newmont
Corp.(a)
................
7,063,105‌
461,005‌
Northern
Star
Resources
Ltd.
.........
3,704,978‌
79,975‌
OceanaGold
Corp.†
................
177,203‌
82,000‌
Osisko
Gold
Royalties
Ltd.
...........
1,081,580‌
25,900‌
Osisko
Mining
Inc.†
...............
82,663‌
7,000‌
Pan
American
Silver
Corp.
...........
191,100‌
600,000‌
Perseus
Mining
Ltd.
...............
880,001‌
49,000‌
Rio
Tinto
plc,
ADR(a)
..............
3,939,600‌
63,000‌
SilverCrest
Metals
Inc.†
.............
561,330‌
39,000‌
SSR
Mining
Inc.
..................
848,250‌
43,200‌
Victoria
Gold
Corp.†
...............
549,438‌
69,600‌
Wesdome
Gold
Mines
Ltd.†
..........
873,514‌
110,103‌
Westgold
Resources
Ltd.
............
158,601‌
59,950‌
Wheaton
Precious
Metals
Corp.(a)
.....
2,852,421‌
239,000‌
Yamana
Gold
Inc.(a)
...............
1,333,620‌
58,743,212‌
Specialty
Chemicals
 —
3.9%
15,000‌
CF
Industries
Holdings
Inc.
..........
1,545,900‌
2
GAMCO
Natural
Resources,
Gold
&
Income
Trust
Schedule
of
Investments
(Continued)
—
March
31,
2022
(Unaudited)
Shares
Market
Value
COMMON
STOCKS
(Continued)
Specialty
Chemicals
(Continued)
21,500‌
FMC
Corp.
......................
$
2,828,755‌
32,000‌
The
Mosaic
Co.(a)
.................
2,128,000‌
6,502,655‌
TOTAL
COMMON
STOCKS
.........
126,399,835‌
EXCHANGE
TRADED
FUNDS
 —
0.6%
Energy
and
Energy
Services
 —
0.6%
45,700‌
iShares
Global
Clean
Energy
ETF
.......
983,464‌
RIGHTS
 —
0.0%
Metals
and
Mining
 —
0.0%
90,000‌
Pan
American
Silver
Corp.,
CVR†
......
75,600‌
WARRANTS
 —
0.0%
Energy
and
Energy
Services
 —
0.0%
1,012‌
Occidental
Petroleum
Corp.,
expire
08/03/27†
.....................
35,653‌
Principal
Amount
CONVERTIBLE
CORPORATE
BONDS
 —
0.3%
Metals
and
Mining
 —
0.3%
$
200,000‌
Fortuna
Silver
Mines
Inc.,
4.650%,
10/31/24
...............
237,000‌
350,000‌
Osisko
Gold
Royalties
Ltd.,
4.000%,
12/31/22
...............
285,131‌
522,131‌
TOTAL
CONVERTIBLE
CORPORATE
BONDS
....................
522,131‌
CORPORATE
BONDS
 —
0.3%
Metals
and
Mining
 —
0.3%
500,000‌
IAMGOLD
Corp.,
5.750%,
10/15/28
...............
454,692‌
U.S.
GOVERNMENT
OBLIGATIONS
 —
22.2%
36,615,000‌
U.S.
Treasury
Bills,
0.060%
to
0.509%††,
04/12/22
to
06/23/22(b)
...................
36,589,670‌
TOTAL
INVESTMENTS
BEFORE
OPTIONS
WRITTEN
AND
SECURITIES
SOLD
SHORT
—
100.0%
............
(Cost
$167,077,276)
.............
$
165,061,045‌
Shares
Market
Value
SECURITIES
SOLD
SHORT
—
(0.6)%
Energy
and
Energy
Services
—
(0.6)%
45,700‌
iShares
Global
Clean
Energy
ETF
..........
$
983,464‌
TOTAL
SECURITIES
SOLD
SHORT
(Proceeds
received
$856,239)(c)
........
$
983,464‌
(a)
Securities,
or
a
portion
thereof,
with
a
value
of
$56,759,281
were
deposited
with
the
broker
as
collateral
for
options
written.
(b)
At
March
31,
2022,
$16,865,000
of
the
principal
amount
was
pledged
as
collateral
for
options
written.
(c)
At
March
31,
2022,
these
proceeds
are
being
held
at
Pershing
LLC.
†
Non-income
producing
security.
††
Represents
annualized
yields
at
dates
of
purchase.
ADR
American
Depositary
Receipt
CVR
Contingent
Value
Right
Geographic
Diversification
%
of
Total
Investments
*
Market
Value
Long
Positions
North
America
......................
82.0‌
%
$
135,312,170‌
Europe
..............................
9.8‌
16,246,806‌
Asia/Pacific
.........................
7.3‌
12,062,195‌
South
Africa
.........................
0.5‌
840,737‌
Latin
America
.......................
0.4‌
599,137‌
Total
Investments
—
Long
Positions
100.0‌%
$
165,061,045‌
Short
Positions
North
America
......................
(7.1‌)
%
$
(11,706,698‌)
Europe
..............................
(0.1‌)
(196,091‌)
Asia/Pacific
.........................
(0.1‌)
(75,297‌)
Total
Investments
—
Short
Positions
(7.3‌)%
$
(11,978,086‌)
*
Total
investments
exclude
options
written.
3
GAMCO
Natural
Resources,
Gold
&
Income
Trust
Schedule
of
Investments
(Continued)
—
March
31,
2022
(Unaudited)
As
of
March
31,
2022,
options
written
outstanding
were
as
follows:
Description
Counterparty
Number
of
Contracts
Notional
Amount
Exercise
Price
Expiration
Date
Market
Value
OTC
Call
Options
Written
—
(5.3)%
Agnico
Eagle
Mines
Ltd.
Pershing
LLC
185‌
USD
1,132,940‌
USD
58.23
04/14/22
$
0‌
Agnico
Eagle
Mines
Ltd.
Pershing
LLC
65‌
USD
398,060‌
USD
60.00
04/14/22
15,798‌
Agnico
Eagle
Mines
Ltd.
Pershing
LLC
115‌
USD
704,260‌
USD
72.50
11/18/22
46,935‌
Alamos
Gold
Inc.,
Cl.
A
Pershing
LLC
1,100‌
USD
926,200‌
USD
8.00
06/17/22
100,156‌
Alamos
Gold
Inc.,
Cl.
A
Pershing
LLC
680‌
USD
572,560‌
USD
10.00
01/20/23
65,571‌
APA
Corp.
Pershing
LLC
75‌
USD
309,975‌
USD
26.00
07/15/22
117,895‌
APA
Corp.
Pershing
LLC
37‌
USD
152,921‌
USD
50.00
10/21/22
12,390‌
Archer-Daniels-Midland
Co.
Pershing
LLC
120‌
USD
1,083,120‌
USD
77.50
06/17/22
164,232‌
Archer-Daniels-Midland
Co.
Pershing
LLC
120‌
USD
1,083,120‌
USD
80.00
09/16/22
155,204‌
Archer-Daniels-Midland
Co.
Pershing
LLC
110‌
USD
992,860‌
USD
87.50
11/18/22
99,787‌
B2Gold
Corp.
Pershing
LLC
1,150‌
USD
527,850‌
USD
5.00
10/21/22
55,217‌
B2Gold
Corp.
Pershing
LLC
780‌
USD
358,020‌
USD
4.30
12/16/22
66,432‌
B2Gold
Corp.
Pershing
LLC
1,150‌
USD
527,850‌
USD
5.00
01/20/23
71,753‌
Baker
Hughes
Co.
Pershing
LLC
80‌
USD
291,280‌
USD
30.00
07/15/22
59,393‌
Baker
Hughes
Co.
Pershing
LLC
70‌
USD
254,870‌
USD
32.00
09/16/22
46,272‌
Baker
Hughes
Co.
Pershing
LLC
70‌
USD
254,870‌
USD
40.00
01/20/23
28,061‌
Barrick
Gold
Corp.
Pershing
LLC
197‌
USD
483,241‌
USD
22.00
05/20/22
56,578‌
Barrick
Gold
Corp.
Pershing
LLC
425‌
USD
1,042,525‌
USD
27.00
09/16/22
58,954‌
Barrick
Gold
Corp.
Pershing
LLC
400‌
USD
981,200‌
USD
26.00
12/16/22
88,889‌
Barrick
Gold
Corp.
Pershing
LLC
170‌
USD
417,010‌
USD
27.50
12/16/22
30,095‌
Bayer
AG
Morgan
Stanley
175‌
EUR
1,086,750‌
EUR
57.00
06/17/22
98,167‌
BHP
Group
Ltd.,
ADR
Pershing
LLC
100‌
USD
772,500‌
USD
72.00
05/20/22
70,053‌
BP
plc,
ADR
Pershing
LLC
140‌
USD
411,600‌
USD
26.00
04/14/22
48,960‌
Bunge
Ltd.
Pershing
LLC
50‌
USD
554,050‌
USD
100.00
07/15/22
67,766‌
Bunge
Ltd.
Pershing
LLC
50‌
USD
554,050‌
USD
102.50
10/21/22
71,195‌
CF
Industries
Holdings
Inc.
Pershing
LLC
45‌
USD
463,770‌
USD
72.00
04/14/22
139,900‌
CF
Industries
Holdings
Inc.
Pershing
LLC
75‌
USD
772,950‌
USD
82.00
06/17/22
177,032‌
Chevron
Corp.
Pershing
LLC
85‌
USD
1,384,055‌
USD
130.00
04/14/22
279,666‌
Chevron
Corp.
Pershing
LLC
69‌
USD
1,123,527‌
USD
140.00
06/17/22
163,423‌
Chevron
Corp.
Pershing
LLC
60‌
USD
976,980‌
USD
150.00
08/19/22
105,500‌
Chevron
Corp.
Pershing
LLC
75‌
USD
1,221,225‌
USD
165.00
11/18/22
93,257‌
CNH
Industrial
NV
Pershing
LLC
300‌
USD
475,800‌
USD
16.00
04/14/22
12,031‌
CNH
Industrial
NV
Pershing
LLC
300‌
USD
475,800‌
USD
17.25
11/18/22
40,487‌
ConocoPhillips
Pershing
LLC
50‌
USD
500,000‌
USD
95.00
04/14/22
30,059‌
ConocoPhillips
Pershing
LLC
50‌
USD
500,000‌
USD
105.00
08/19/22
31,820‌
Corteva
Inc.
Pershing
LLC
200‌
USD
1,149,600‌
USD
49.00
06/17/22
184,756‌
Corteva
Inc.
Pershing
LLC
170‌
USD
977,160‌
USD
55.00
10/21/22
115,854‌
Coterra
Energy
Inc.
Pershing
LLC
105‌
USD
283,185‌
USD
24.50
04/14/22
27,923‌
Coterra
Energy
Inc.
Pershing
LLC
105‌
USD
283,185‌
USD
26.00
07/15/22
28,621‌
Deere
&
Co.
Pershing
LLC
40‌
USD
1,661,840‌
USD
370.00
04/14/22
185,214‌
Deere
&
Co.
Pershing
LLC
40‌
USD
1,661,840‌
USD
400.00
06/17/22
133,204‌
Devon
Energy
Corp.
Pershing
LLC
80‌
USD
473,040‌
USD
60.00
04/14/22
15,335‌
Devon
Energy
Corp.
Pershing
LLC
50‌
USD
295,650‌
USD
60.00
12/16/22
38,969‌
Diamondback
Energy
Inc.
Pershing
LLC
20‌
USD
274,160‌
USD
95.00
06/17/22
86,403‌
Eni
SpA
Morgan
Stanley
40‌
EUR
265,880‌
EUR
14.00
05/20/22
5,884‌
Eni
SpA
Morgan
Stanley
40‌
EUR
265,880‌
EUR
15.00
06/17/22
1,989‌
Eni
SpA
Morgan
Stanley
40‌
EUR
265,880‌
EUR
15.50
12/16/22
4,873‌
EOG
Resources
Inc.
Pershing
LLC
58‌
USD
691,534‌
USD
97.00
04/14/22
125,354‌
EOG
Resources
Inc.
Pershing
LLC
40‌
USD
476,920‌
USD
114.00
05/20/22
39,125‌
4
GAMCO
Natural
Resources,
Gold
&
Income
Trust
Schedule
of
Investments
(Continued)
—
March
31,
2022
(Unaudited)
Description
Counterparty
Number
of
Contracts
Notional
Amount
Exercise
Price
Expiration
Date
Market
Value
EOG
Resources
Inc.
Pershing
LLC
42‌
USD
500,766‌
USD
129.00
10/21/22
$
39,372‌
Equinox
Gold
Corp.
Pershing
LLC
470‌
USD
388,690‌
USD
9.50
04/14/22
2,289‌
Exxon
Mobil
Corp.
Pershing
LLC
175‌
USD
1,445,325‌
USD
75.00
04/14/22
137,194‌
Exxon
Mobil
Corp.
Pershing
LLC
130‌
USD
1,073,670‌
USD
77.00
05/20/22
86,520‌
Exxon
Mobil
Corp.
Pershing
LLC
75‌
USD
619,425‌
USD
90.00
10/21/22
30,101‌
Exxon
Mobil
Corp.
Pershing
LLC
160‌
USD
1,321,440‌
USD
85.00
12/16/22
100,080‌
FMC
Corp.
Pershing
LLC
80‌
USD
1,052,560‌
USD
117.00
06/17/22
139,281‌
FMC
Corp.
Pershing
LLC
70‌
USD
920,990‌
USD
119.00
08/19/22
123,042‌
Freeport-McMoRan
Inc.
Pershing
LLC
300‌
USD
1,492,200‌
USD
50.00
12/16/22
226,294‌
Gold
Fields
Ltd.,
ADR
Pershing
LLC
465‌
USD
718,890‌
USD
12.00
07/15/22
177,607‌
Halliburton
Co.
Pershing
LLC
140‌
USD
530,180‌
USD
25.00
04/14/22
180,316‌
Halliburton
Co.
Pershing
LLC
115‌
USD
435,505‌
USD
40.00
07/15/22
31,161‌
Hess
Corp.
Pershing
LLC
18‌
USD
192,672‌
USD
90.00
05/20/22
33,515‌
Hess
Corp.
Pershing
LLC
17‌
USD
181,968‌
USD
100.00
11/18/22
30,372‌
Kinder
Morgan
Inc.
Pershing
LLC
237‌
USD
448,167‌
USD
20.00
04/14/22
1,668‌
Kinder
Morgan
Inc.
Pershing
LLC
225‌
USD
425,475‌
USD
19.00
09/16/22
23,046‌
Kinder
Morgan
Inc.
Pershing
LLC
177‌
USD
334,707‌
USD
21.00
11/18/22
9,896‌
Kinross
Gold
Corp.
Pershing
LLC
960‌
USD
564,480‌
USD
7.00
05/20/22
8,085‌
Marathon
Oil
Corp.
Pershing
LLC
200‌
USD
502,200‌
USD
24.00
10/21/22
86,742‌
Marathon
Petroleum
Corp.
Pershing
LLC
45‌
USD
384,750‌
USD
82.50
07/15/22
33,728‌
Mowi
ASA
Morgan
Stanley
20,129‌
NOK
4,790,702‌
NOK
238.47
06/17/22
25,513‌
Newmont
Corp.
Pershing
LLC
270‌
USD
2,145,150‌
USD
70.00
05/20/22
281,320‌
Newmont
Corp.
Pershing
LLC
255‌
USD
2,025,975‌
USD
87.50
12/16/22
148,020‌
Northern
Star
Resources
Ltd.
Morgan
Stanley
1,100‌
AUD
1,181,400‌
AUD
11.25
08/18/22
75,297‌
Nutrien
Ltd.
Pershing
LLC
180‌
USD
1,871,820‌
USD
77.50
04/14/22
477,998‌
Nutrien
Ltd.
Pershing
LLC
180‌
USD
1,871,820‌
USD
83.00
09/16/22
429,671‌
Occidental
Petroleum
Corp.
Pershing
LLC
50‌
USD
283,700‌
USD
47.00
06/17/22
58,932‌
ONEOK
Inc.
Pershing
LLC
43‌
USD
303,709‌
USD
67.50
04/14/22
15,780‌
ONEOK
Inc.
Pershing
LLC
40‌
USD
282,520‌
USD
70.00
05/20/22
11,781‌
Osisko
Gold
Royalties
Ltd.
Pershing
LLC
280‌
USD
369,320‌
USD
13.00
04/14/22
11,095‌
Osisko
Gold
Royalties
Ltd.
Pershing
LLC
240‌
USD
316,560‌
USD
13.75
07/15/22
19,797‌
Osisko
Gold
Royalties
Ltd.
Pershing
LLC
300‌
USD
395,700‌
USD
14.00
10/21/22
31,075‌
Pan
American
Silver
Corp.
Pershing
LLC
70‌
USD
191,100‌
USD
24.00
04/14/22
23,852‌
Phillips
66
Pershing
LLC
35‌
USD
302,365‌
USD
94.00
05/20/22
4,942‌
Phillips
66
Pershing
LLC
40‌
USD
345,560‌
USD
105.00
01/20/23
14,035‌
Pioneer
Natural
Resources
Co.
Pershing
LLC
30‌
USD
750,090‌
USD
200.00
05/20/22
155,595‌
Rio
Tinto
plc,
ADR
Pershing
LLC
80‌
USD
643,200‌
USD
74.38
05/20/22
60,762‌
Rio
Tinto
plc,
ADR
Pershing
LLC
90‌
USD
723,600‌
USD
81.88
05/20/22
26,460‌
Rio
Tinto
plc,
ADR
Pershing
LLC
170‌
USD
1,366,800‌
USD
86.88
07/15/22
47,326‌
Rio
Tinto
plc,
ADR
Pershing
LLC
150‌
USD
1,206,000‌
USD
84.00
12/16/22
83,928‌
Schlumberger
NV
Pershing
LLC
130‌
USD
537,030‌
USD
35.00
04/14/22
83,453‌
Schlumberger
NV
Pershing
LLC
135‌
USD
557,685‌
USD
42.50
06/17/22
38,008‌
Schlumberger
NV
Pershing
LLC
110‌
USD
454,410‌
USD
47.00
12/16/22
42,341‌
Shell
plc
Morgan
Stanley
25‌
GBP
47,380,000‌
GBp
2100.00
05/20/22
31,006‌
Shell
plc,
ADR
Pershing
LLC
100‌
USD
549,300‌
USD
58.00
12/16/22
40,918‌
SSR
Mining
Inc.
Pershing
LLC
200‌
USD
435,000‌
USD
20.00
09/16/22
69,866‌
SSR
Mining
Inc.
Pershing
LLC
190‌
USD
413,250‌
USD
23.00
01/20/23
57,106‌
Suncor
Energy
Inc.
Pershing
LLC
55‌
USD
179,245‌
USD
37.00
04/14/22
380‌
Suncor
Energy
Inc.
Pershing
LLC
55‌
USD
179,245‌
USD
37.00
11/18/22
12,472‌
Suncor
Energy
Inc.
Pershing
LLC
45‌
USD
146,655‌
USD
40.00
12/16/22
7,533‌
The
Mosaic
Co.
Pershing
LLC
90‌
USD
598,500‌
USD
50.00
04/14/22
149,048‌
The
Mosaic
Co.
Pershing
LLC
90‌
USD
598,500‌
USD
60.00
12/16/22
135,559‌
5
GAMCO
Natural
Resources,
Gold
&
Income
Trust
Schedule
of
Investments
(Continued)
—
March
31,
2022
(Unaudited)
Description
Counterparty
Number
of
Contracts
Notional
Amount
Exercise
Price
Expiration
Date
Market
Value
The
Williams
Companies
Inc.
Pershing
LLC
100‌
USD
334,100‌
USD
30.00
05/20/22
$
37,137‌
The
Williams
Companies
Inc.
Pershing
LLC
90‌
USD
300,690‌
USD
33.00
11/18/22
24,823‌
TotalEnergies
SE,
ADR
Pershing
LLC
100‌
USD
505,400‌
USD
60.00
05/20/22
1,751‌
TotalEnergies
SE,
ADR
Pershing
LLC
50‌
USD
252,700‌
USD
65.00
08/19/22
1,560‌
TotalEnergies
SE,
ADR
Pershing
LLC
150‌
USD
758,100‌
USD
64.00
12/16/22
14,552‌
Tyson
Foods
Inc.,
Cl.
A
Pershing
LLC
120‌
USD
1,075,560‌
USD
95.00
06/17/22
22,537‌
Valero
Energy
Corp.
Pershing
LLC
40‌
USD
406,160‌
USD
75.00
04/14/22
106,443‌
Valero
Energy
Corp.
Pershing
LLC
30‌
USD
304,620‌
USD
95.00
09/16/22
37,713‌
VanEck
Vectors
Gold
Miners
ETF
Pershing
LLC
67‌
USD
256,945‌
USD
32.00
04/14/22
42,937‌
VanEck
Vectors
Gold
Miners
ETF
Pershing
LLC
136‌
USD
521,560‌
USD
35.00
06/17/22
60,437‌
Wheaton
Precious
Metals
Corp.
Pershing
LLC
200‌
USD
951,600‌
USD
47.00
09/16/22
93,355‌
Wheaton
Precious
Metals
Corp.
Pershing
LLC
200‌
USD
951,600‌
USD
50.00
10/21/22
79,247‌
Wheaton
Precious
Metals
Corp.
Pershing
LLC
200‌
USD
951,600‌
USD
52.50
12/16/22
76,775‌
Yamana
Gold
Inc.
Pershing
LLC
400‌
USD
223,200‌
USD
5.00
04/14/22
24,540‌
Yamana
Gold
Inc.
Pershing
LLC
760‌
USD
424,080‌
USD
5.00
07/15/22
60,884‌
Yamana
Gold
Inc.
Pershing
LLC
850‌
USD
474,300‌
USD
5.50
10/21/22
62,793‌
Zoetis
Inc.
Pershing
LLC
17‌
USD
320,603‌
USD
206.00
12/16/22
17,495‌
TOTAL
OTC
CALL
OPTIONS
WRITTEN
$
8,698,589‌
OTC
Put
Options
Written
—
(0.2)%
Energy
Select
Sector
SPDR
ETF
Pershing
LLC
360‌
USD
2,751,840‌
USD
65.00
10/21/22
$
107,674‌
Fresnillo
plc
Morgan
Stanley
40‌
GBP
293,600‌
GBp
600.00
12/16/22
28,660‌
Utilities
Select
Sector
SPDR
Fund
Pershing
LLC
200‌
USD
1,489,200‌
USD
64.50
06/17/22
15,259‌
Utilities
Select
Sector
SPDR
Fund
Pershing
LLC
140‌
USD
1,042,440‌
USD
68.00
12/16/22
37,958‌
VanEck
Vectors
Gold
Miners
ETF
Pershing
LLC
700‌
USD
2,684,500‌
USD
31.00
10/21/22
77,139‌
TOTAL
OTC
PUT
OPTIONS
WRITTEN
$
266,690‌
Description
Number
of
Contracts
Notional
Amount
Exercise
Price
Expiration
Date
Market
Value
Exchange
Traded
Call
Options
Written
—
(1.0)%
AGCO
Corp.
50‌
USD
730,150‌
USD
140.00
04/14/22
$
53,300‌
AGCO
Corp.
50‌
USD
730,150‌
USD
140.00
08/19/22
77,000‌
CNH
Industrial
NV
300‌
USD
475,800‌
USD
17.50
01/20/23
45,000‌
Dundee
Precious
Metals
Inc.
375‌
CAD
279,750‌
CAD
9.50
09/16/22
8,249‌
Dundee
Precious
Metals
Inc.
350‌
CAD
261,100‌
CAD
9.50
12/16/22
13,438‌
Elanco
Animal
Health
Inc.
90‌
USD
234,810‌
USD
35.00
04/14/22
5,850‌
Eldorado
Gold
Corp.
245‌
USD
274,645‌
USD
10.00
04/14/22
31,850‌
Endeavour
Mining
plc
480‌
CAD
1,488,480‌
CAD
31.00
04/14/22
26,685‌
Endeavour
Mining
plc
380‌
CAD
1,178,380‌
CAD
31.00
05/20/22
45,139‌
Equinox
Gold
Corp.
99‌
USD
81,873‌
USD
10.00
01/20/23
10,692‌
Franco-Nevada
Corp.
110‌
USD
1,754,720‌
USD
135.00
04/14/22
287,650‌
Franco-Nevada
Corp.
172‌
USD
2,743,744‌
USD
145.00
05/20/22
286,380‌
Freeport-McMoRan
Inc.
150‌
USD
746,100‌
USD
45.00
04/14/22
78,300‌
Halliburton
Co.
65‌
USD
246,155‌
USD
40.00
09/16/22
25,025‌
Harmony
Gold
Mining
Co.
Ltd.,
ADR
400‌
USD
201,200‌
USD
5.00
08/19/22
31,000‌
IDEXX
Laboratories
Inc.
23‌
USD
1,258,238‌
USD
600.00
04/14/22
2,300‌
IDEXX
Laboratories
Inc.
23‌
USD
1,258,238‌
USD
690.00
04/14/22
11,040‌
IDEXX
Laboratories
Inc.
23‌
USD
1,258,238‌
USD
600.00
07/15/22
42,780‌
K92
Mining
Inc.
650‌
CAD
594,100‌
CAD
8.50
06/17/22
62,392‌
Occidental
Petroleum
Corp.
50‌
USD
283,700‌
USD
55.00
08/19/22
48,750‌
OceanaGold
Corp.
1,500‌
CAD
415,500‌
CAD
3.00
12/16/22
53,994‌
SilverCrest
Metals
Inc.
315‌
USD
280,665‌
USD
10.00
05/20/22
13,545‌
6
GAMCO
Natural
Resources,
Gold
&
Income
Trust
Schedule
of
Investments
(Continued)
—
March
31,
2022
(Unaudited)
Description
Number
of
Contracts
Notional
Amount
Exercise
Price
Expiration
Date
Market
Value
The
Mosaic
Co.
115‌
USD
764,750‌
USD
50.00
09/16/22
$
231,380‌
Victoria
Gold
Corp.
195‌
CAD
310,050‌
CAD
18.00
05/20/22
5,693‌
Victoria
Gold
Corp.
220‌
CAD
349,800‌
CAD
20.00
12/16/22
16,718‌
Wesdome
Gold
Mines
Ltd.
535‌
CAD
839,415‌
CAD
12.50
05/20/22
141,223‌
Zoetis
Inc.
70‌
USD
1,320,130‌
USD
210.00
07/15/22
25,900‌
Zoetis
Inc.
80‌
USD
1,508,720‌
USD
210.00
10/21/22
54,400‌
TOTAL
EXCHANGE
TRADED
CALL
OPTIONS
WRITTEN
$
1,735,673‌
Exchange
Traded
Put
Options
Written
—
(0.2)%
Energy
Select
Sector
SPDR
ETF
305‌
USD
2,331,420‌
USD
66.00
01/20/23
$
134,200‌
NextEra
Energy
Partners
LP
90‌
USD
750,240‌
USD
65.00
07/15/22
33,300‌
NextEra
Energy
Partners
LP
90‌
USD
750,240‌
USD
70.00
10/21/22
22,725‌
NextEra
Energy
Partners
LP
90‌
USD
750,240‌
USD
65.00
12/16/22
17,325‌
Utilities
Select
Sector
SPDR
Fund
100‌
USD
744,600‌
USD
63.00
04/14/22
100‌
Utilities
Select
Sector
SPDR
Fund
280‌
USD
2,084,880‌
USD
62.00
09/16/22
20,720‌
VanEck
Agribusiness
ETF
120‌
USD
1,254,480‌
USD
83.00
08/19/22
6,300‌
VanEck
Agribusiness
ETF
130‌
USD
1,359,020‌
USD
98.00
11/18/22
52,000‌
VanEck
Vectors
Gold
Miners
ETF
700‌
USD
2,684,500‌
USD
26.00
06/17/22
7,000‌
TOTAL
EXCHANGE
TRADED
PUT
OPTIONS
WRITTEN
$
293,670‌
TOTAL
OPTIONS
WRITTEN
$
10,994,622‌