GAMCO Global Gold, Natural Resources & Income Trust NPORTP Monthly portfolio investment report

GAMCO

Global

Gold,

Natural

Resources

Income

Trust

Schedule

Investments

—

September

30,

2023

(Unaudited)

Market

Value

COMMON

STOCKS

—

Energy

and

Energy

Services

—

40,100‌

APA

Corp.

(a)

....................

1,648,110‌

167,000‌

Baker

Hughes

Co.

.................

5,898,440‌

240,000‌

plc

ADR

(a)

...................

9,292,800‌

149,448‌

Chevron

Corp.

(a)

.................

25,199,922‌

96,000‌

ConocoPhillips

(a)

.................

11,500,800‌

131,100‌

Coterra

Energy

Inc.

(a)

..............

3,546,255‌

114,000‌

Devon

Energy

Corp.

...............

5,437,800‌

34,000‌

Diamondback

Energy

Inc.

...........

5,265,920‌

339,000‌

Eni

SpA

........................

5,467,869‌

88,000‌

EOG

Resources

Inc.

(a)

.............

11,154,880‌

307,000‌

Exxon

Mobil

Corp.

(a)

..............

36,097,060‌

157,000‌

Halliburton

Co.

(a)

.................

6,358,500‌

18,500‌

Hess

Corp.

......................

2,830,500‌

352,000‌

Kinder

Morgan

Inc.

(a)

..............

5,836,160‌

116,000‌

Marathon

Oil

Corp.

................

3,103,000‌

69,394‌

Marathon

Petroleum

Corp.

(a)

.........

10,502,088‌

7,900‌

NextEra

Energy

Partners

..........

234,630‌

74,780‌

Occidental

Petroleum

Corp.

(a)

........

4,851,726‌

74,500‌

ONEOK

Inc.

.....................

4,725,535‌

76,800‌

Phillips

(a)

....................

9,227,520‌

44,400‌

Pioneer

Natural

Resources

Co.

(a)

......

10,192,020‌

216,000‌

Schlumberger

(a)

...............

12,592,800‌

281,500‌

Shell

plc

ADR

(a)

.................

18,122,970‌

100,800‌

Suncor

Energy

Inc.

(a)

..............

3,465,504‌

190,800‌

The

Williams

Companies

Inc.

(a)

.......

6,428,052‌

197,000‌

TotalEnergies

ADR

(a)

............

12,954,720‌

47,500‌

Valero

Energy

Corp.

(a)

.............

6,731,225‌

238,666,806‌

Metals

and

Mining

—

326,315‌

Agnico

Eagle

Mines

Ltd.

(a)

..........

14,831,017‌

1,226,000‌

Alamos

Gold

Inc.

Cl. A

(a)

...........

13,841,540‌

582,500‌

Artemis

Gold

Inc.

†

................

2,487,392‌

2,723,600‌

B2Gold

Corp.

(a)

..................

7,871,204‌

1,119,219‌

Barrick

Gold

Corp.

(a)

..............

16,284,636‌

1,010,300‌

Bellevue

Gold

Ltd.

†

................

899,658‌

340,100‌

BHP

Group

Ltd.

ADR

(a)

............

19,344,888‌

3,286,500‌

Grey

Mining

Ltd.

†

..............

2,356,057‌

625,500‌

Dundee

Precious

Metals

Inc.

.........

3,868,360‌

969,200‌

Eldorado

Gold

Corp.

†

(a)

............

8,635,572‌

690,000‌

Endeavour

Mining

plc

..............

13,523,136‌

3,618,729‌

Evolution

Mining

Ltd.

..............

7,654,717‌

185,500‌

Franco-Nevada

Corp.

(a)

.............

24,762,395‌

523,300‌

Freeport-McMoRan

Inc.

(a)

...........

19,513,857‌

327,659‌

Fresnillo

plc

.....................

2,203,569‌

550,000‌

Glencore

plc

.....................

3,153,287‌

285,500‌

Gold

Fields

Ltd.

ADR

..............

3,100,530‌

995,500‌

K92

Mining

Inc.

†

.................

4,228,997‌

620,000‌

Karora

Resources

Inc.

†

.............

1,748,279‌

2,374,500‌

Kinross

Gold

Corp.

................

10,827,720‌

Market

Value

401,000‌

Lundin

Gold

Inc.

..................

4,502,301‌

302,500‌

MAG

Silver

Corp.

†

................

3,136,925‌

742,518‌

Newcrest

Mining

Ltd.

..............

11,705,896‌

531,100‌

Newmont

Corp.

(a)

................

19,624,145‌

2,753,626‌

Northern

Star

Resources

Ltd.

.........

18,518,843‌

1,451,000‌

OceanaGold

Corp.

.................

2,841,642‌

812,300‌

Osisko

Gold

Royalties

Ltd.

...........

9,544,525‌

1,399,900‌

Osisko

Mining

Inc.

†

...............

2,535,435‌

3,319,452‌

Perseus

Mining

Ltd.

...............

3,510,828‌

300,000‌

Rio

Tinto

plc

ADR

(a)

..............

19,092,000‌

68,500‌

Royal

Gold

Inc.

...................

7,283,605‌

924,032‌

SSR

Mining

Inc.

..................

12,280,385‌

417,500‌

Victoria

Gold

Corp.

†

...............

1,795,104‌

742,900‌

Wesdome

Gold

Mines

Ltd.

†

..........

3,877,902‌

1,244,716‌

Westgold

Resources

Ltd.

†

...........

1,356,492‌

553,550‌

Wheaton

Precious

Metals

Corp.

(a)

.....

22,446,452‌

325,189,291‌

TOTAL

COMMON

STOCKS

...........

563,856,097‌

EXCHANGE

TRADED

FUNDS

—

Agriculture

—

41,000‌

VanEck

Agribusiness

ETF

............

3,226,700‌

Principal

Amount

CONVERTIBLE

CORPORATE

BONDS

—

Metals

and

Mining

—

2,250,000‌

Allied

Gold

Corp.

8.750

09/07/28

(b)

.............

2,250,000‌

1,300,000‌

Fortuna

Silver

Mines

Inc.

4.650

10/31/24

...............

1,189,630‌

3,439,630‌

TOTAL

CONVERTIBLE

CORPORATE

BONDS

.......................

3,439,630‌

CORPORATE

BONDS

—

Metals

and

Mining

—

2,250,000‌

AngloGold

Ashanti

Holdings

plc

3.750

10/01/30

...............

1,813,776‌

2,250,000‌

Freeport-McMoRan

Inc.

4.125

03/01/28

...............

2,064,071‌

2,000,000‌

Hecla

Mining

Co.

7.250

02/15/28

...............

1,937,702‌

2,000,000‌

IAMGOLD

Corp.

5.750

10/15/28

(b)

.............

1,567,860‌

3,700,000‌

Kinross

Gold

Corp.

6.250

07/15/33

(b)

.............

3,559,006‌

1,500,000‌

New

Gold

Inc.

7.500

07/15/27

(b)

.............

1,402,343‌

GAMCO

Global

Gold,

Natural

Resources

Income

Trust

Schedule

Investments

(Continued)

—

September

30,

2023

(Unaudited)

Principal

Amount

Market

Value

CORPORATE

BONDS

(Continued)

Metals

and

Mining

(Continued)

5,250,000‌

Northern

Star

Resources

Ltd.

6.125

04/11/33

(b)

.............

4,899,770‌

17,244,528‌

TOTAL

CORPORATE

BONDS

..........

17,244,528‌

U.S.

GOVERNMENT

OBLIGATIONS

—

83,353,000‌

U.S.

Treasury

Bills,

4.961

5.464

††

10/26/23

12/28/23

(c)

....................

82,607,037‌

TOTAL

INVESTMENTS

BEFORE

OPTIONS

WRITTEN

AND

SECURITIES

SOLD

SHORT

—

100

..............

(Cost

782,276,176

)

.............

670,373,992‌

Market

Value

SECURITIES

SOLD

SHORT

—

(

)

Energy

and

Energy

Services

—

(

)

8,700‌

NextEra

Energy

Partners

...............

258,390‌

TOTAL

SECURITIES

SOLD

SHORT

(Proceeds

received

333,037

)

(d)

.......

258,390‌

(a)

Securities,

portion

thereof,

with

value

$267,889,474

were

deposited

with

the

broker

collateral

for

options

written.

(b)

Securities

exempt

from

registration

under

Rule

144A

the

Securities

Act

1933,

amended.

These

securities

may

resold

transactions

exempt

from

registration,

normally

qualified

institutional

buyers.

(c)

September

30,

2023,

$36,675,000

the

principal

amount

was

pledged

collateral

for

options

written.

(d)

September

30,

2023,

these

proceeds

are

being

held

Pershing

LLC.

†

Non-income

producing

security.

††

Represents

annualized

yields

dates

purchase.

ADR

American

Depositary

Receipt

Geographic

Diversification

Total

Investments

Market

Value

Long

Positions

North

America

......................

.9‌

508,560,545‌

Europe

..............................

.4‌

83,420,558‌

Asia/Pacific

.........................

.9‌

73,088,790‌

South

Africa

.........................

.5‌

3,100,530‌

Latin

America

.......................

.3‌

2,203,569‌

Total

Investments

—

Long

Positions

100.0‌%

670,373,992‌

Short

Positions

North

America

......................

(

.6‌

)

(

17,356,771‌

)

Europe

..............................

(

.1‌

)

(

422,344‌

)

Asia/Pacific

.........................

(0.0‌)

(

59,057‌

)

Total

Investments

—

Short

Positions

(2.7‌)%

(17,838,172‌)

Total

investments

exclude

options

written.

Amount

represents

greater

than

(0.05)%.

September

30,

2023,

options

written

outstanding

were

follows:

Description

Counterparty

Number

Contracts

Notional

Amount

Exercise

Price

Expiration

Date

Market

Value

OTC

Call

Options

Written

—

(2.1)%

Agnico

Eagle

Mines

Ltd.

Pershing

LLC

808‌

USD

3,672,360‌

USD

60.00

10/20/23

168‌

Agnico

Eagle

Mines

Ltd.

Pershing

LLC

240‌

USD

1,090,800‌

USD

53.00

12/15/23

17,252‌

Agnico

Eagle

Mines

Ltd.

Pershing

LLC

780‌

USD

3,545,100‌

USD

60.00

12/15/23

19,237‌

Agnico

Eagle

Mines

Ltd.

Pershing

LLC

365‌

USD

1,658,925‌

USD

57.50

01/19/24

19,950‌

Alamos

Gold

Inc.,

Cl.

Pershing

LLC

3,000‌

USD

3,387,000‌

USD

11.75

10/20/23

73,298‌

GAMCO

Global

Gold,

Natural

Resources

Income

Trust

Schedule

Investments

(Continued)

—

September

30,

2023

(Unaudited)

Description

Counterparty

Number

Contracts

Notional

Amount

Exercise

Price

Expiration

Date

Market

Value

Alamos

Gold

Inc.,

Cl.

Pershing

LLC

1,000‌

USD

1,129,000‌

USD

12.50

10/20/23

13,490‌

Alamos

Gold

Inc.,

Cl.

Pershing

LLC

3,960‌

USD

4,470,840‌

USD

12.50

02/16/24

261,843‌

B2Gold

Corp.

Pershing

LLC

8,370‌

USD

2,418,930‌

USD

5.00

10/20/23

35‌

B2Gold

Corp.

Pershing

LLC

8,500‌

USD

2,456,500‌

USD

4.70

12/15/23

7,477‌

B2Gold

Corp.

Pershing

LLC

1,866‌

USD

539,274‌

USD

4.00

01/19/24

10,855‌

B2Gold

Corp.

Pershing

LLC

8,500‌

USD

2,456,500‌

USD

5.00

01/19/24

12,379‌

Baker

Hughes

Co.

Pershing

LLC

560‌

USD

1,977,920‌

USD

33.00

10/20/23

151,841‌

Baker

Hughes

Co.

Pershing

LLC

550‌

USD

1,942,600‌

USD

33.00

12/15/23

195,778‌

Baker

Hughes

Co.

Pershing

LLC

560‌

USD

1,977,920‌

USD

41.00

02/16/24

46,525‌

Barrick

Gold

Corp.

Pershing

LLC

1,547‌

USD

2,250,885‌

USD

18.00

10/20/23

2,744‌

Barrick

Gold

Corp.

Pershing

LLC

1,325‌

USD

1,927,875‌

USD

20.00

10/20/23

628‌

Barrick

Gold

Corp.

Pershing

LLC

730‌

USD

1,062,150‌

USD

18.00

11/17/23

4,246‌

Barrick

Gold

Corp.

Pershing

LLC

3,785‌

USD

5,507,175‌

USD

18.00

12/15/23

43,488‌

Barrick

Gold

Corp.

Pershing

LLC

3,800‌

USD

5,529,000‌

USD

18.50

01/19/24

66,044‌

BHP

Group

Ltd.,

ADR

Pershing

LLC

1,200‌

USD

6,825,600‌

USD

65.00

11/17/23

43,155‌

BHP

Group

Ltd.,

ADR

Pershing

LLC

1,000‌

USD

5,688,000‌

USD

62.00

12/15/23

129,632‌

BHP

Group

Ltd.,

ADR

Pershing

LLC

1,200‌

USD

6,825,600‌

USD

70.00

01/19/24

60,240‌

plc,

ADR

Pershing

LLC

800‌

USD

3,097,600‌

USD

38.00

10/20/23

107,260‌

plc,

ADR

Pershing

LLC

800‌

USD

3,097,600‌

USD

40.00

11/17/23

64,426‌

plc,

ADR

Pershing

LLC

800‌

USD

3,097,600‌

USD

37.00

12/15/23

220,463‌

Chevron

Corp.

Pershing

LLC

530‌

USD

8,936,860‌

USD

180.00

10/20/23

11,003‌

Chevron

Corp.

Pershing

LLC

515‌

USD

8,683,930‌

USD

170.00

11/17/23

232,671‌

Chevron

Corp.

Pershing

LLC

250‌

USD

4,215,500‌

USD

172.00

12/15/23

132,907‌

Chevron

Corp.

Pershing

LLC

200‌

USD

3,372,400‌

USD

180.00

12/15/23

48,370‌

ConocoPhillips

Pershing

LLC

330‌

USD

3,953,400‌

USD

122.50

12/15/23

174,494‌

Coterra

Energy

Inc.

Pershing

LLC

460‌

USD

1,244,300‌

USD

29.00

10/20/23

7,046‌

Coterra

Energy

Inc.

Pershing

LLC

414‌

USD

1,119,870‌

USD

29.50

10/20/23

4,210‌

Coterra

Energy

Inc.

Pershing

LLC

437‌

USD

1,182,085‌

USD

30.00

12/15/23

20,445‌

Devon

Energy

Corp.

Pershing

LLC

570‌

USD

2,718,900‌

USD

55.00

11/17/23

29,626‌

Devon

Energy

Corp.

Pershing

LLC

570‌

USD

2,718,900‌

USD

57.50

01/19/24

45,422‌

Diamondback

Energy

Inc.

Pershing

LLC

85‌

USD

1,316,480‌

USD

150.00

11/17/23

79,652‌

Diamondback

Energy

Inc.

Pershing

LLC

95‌

USD

1,471,360‌

USD

147.00

01/19/24

145,665‌

Diamondback

Energy

Inc.

Pershing

LLC

100‌

USD

1,548,800‌

USD

165.00

03/15/24

88,525‌

Dundee

Precious

Metals

Inc.

Morgan

Stanley

2,100‌

CAD

1,764,000‌

CAD

11.50

12/15/23

8,628‌

Eldorado

Gold

Corp.

Pershing

LLC

2,790‌

USD

2,485,890‌

USD

11.50

11/17/23

14,714‌

Eni

SpA

Morgan

Stanley

200‌

EUR

1,525,600‌

EUR

14.75

10/20/23

69,896‌

Eni

SpA

Morgan

Stanley

300‌

EUR

2,288,400‌

EUR

15.00

11/17/23

107,178‌

Eni

SpA

Morgan

Stanley

178‌

EUR

1,357,784‌

EUR

16.00

01/19/24

36,677‌

EOG

Resources

Inc.

Pershing

LLC

60‌

USD

760,560‌

USD

120.00

11/17/23

59,381‌

EOG

Resources

Inc.

Pershing

LLC

250‌

USD

3,169,000‌

USD

127.50

11/17/23

136,248‌

EOG

Resources

Inc.

Pershing

LLC

285‌

USD

3,612,660‌

USD

136.20

01/19/24

140,322‌

EOG

Resources

Inc.

Pershing

LLC

285‌

USD

3,612,660‌

USD

139.00

03/15/24

183,290‌

Exxon

Mobil

Corp.

Pershing

LLC

1,090‌

USD

12,816,220‌

USD

120.00

10/20/23

173,868‌

Exxon

Mobil

Corp.

Pershing

LLC

980‌

USD

11,522,840‌

USD

114.00

12/15/23

742,348‌

Exxon

Mobil

Corp.

Pershing

LLC

1,000‌

USD

11,758,000‌

USD

116.00

02/16/24

820,500‌

Franco-Nevada

Corp.

Pershing

LLC

579‌

USD

7,729,071‌

USD

160.00

11/17/23

20,161‌

Franco-Nevada

Corp.

Pershing

LLC

497‌

USD

6,634,453‌

USD

160.00

12/15/23

37,311‌

Franco-Nevada

Corp.

Pershing

LLC

117‌

USD

1,561,833‌

USD

165.00

12/15/23

5,930‌

Freeport-McMoRan

Inc.

Pershing

LLC

1,783‌

USD

6,648,807‌

USD

45.00

10/20/23

7,863‌

Freeport-McMoRan

Inc.

Pershing

LLC

1,850‌

USD

6,898,650‌

USD

45.00

12/15/23

87,256‌

Freeport-McMoRan

Inc.

Pershing

LLC

1,600‌

USD

5,966,400‌

USD

45.00

02/16/24

184,702‌

Glencore

plc

Morgan

Stanley

550‌

GBP

2,584,450‌

GBp

471.04

12/15/23

160,001‌

GAMCO

Global

Gold,

Natural

Resources

Income

Trust

Schedule

Investments

(Continued)

—

September

30,

2023

(Unaudited)

Description

Counterparty

Number

Contracts

Notional

Amount

Exercise

Price

Expiration

Date

Market

Value

Gold

Fields

Ltd.,

ADR

Pershing

LLC

1,100‌

USD

1,194,600‌

USD

15.00

10/20/23

207‌

Gold

Fields

Ltd.,

ADR

Pershing

LLC

795‌

USD

863,370‌

USD

17.50

11/17/23

63‌

Gold

Fields

Ltd.,

ADR

Pershing

LLC

960‌

USD

1,042,560‌

USD

17.00

12/15/23

2,509‌

Halliburton

Co.

Pershing

LLC

520‌

USD

2,106,000‌

USD

38.00

11/17/23

199,254‌

Halliburton

Co.

Pershing

LLC

550‌

USD

2,227,500‌

USD

40.00

01/19/24

202,719‌

Halliburton

Co.

Pershing

LLC

500‌

USD

2,025,000‌

USD

46.00

03/15/24

100,012‌

Hess

Corp.

Pershing

LLC

105‌

USD

1,606,500‌

USD

150.00

11/17/23

103,603‌

Hess

Corp.

Pershing

LLC

80‌

USD

1,224,000‌

USD

155.00

01/19/24

89,634‌

Kinder

Morgan

Inc.

Pershing

LLC

1,200‌

USD

1,989,600‌

USD

18.50

10/20/23

1,324‌

Kinder

Morgan

Inc.

Pershing

LLC

1,120‌

USD

1,856,960‌

USD

19.00

12/15/23

5,280‌

Kinder

Morgan

Inc.

Pershing

LLC

1,200‌

USD

1,989,600‌

USD

18.25

02/16/24

23,452‌

Kinross

Gold

Corp.

Pershing

LLC

6,375‌

USD

2,907,000‌

USD

6.00

11/17/23

18,507‌

Kinross

Gold

Corp.

Pershing

LLC

7,915‌

USD

3,609,240‌

USD

6.00

12/15/23

45,055‌

Kinross

Gold

Corp.

Pershing

LLC

7,450‌

USD

3,397,200‌

USD

5.00

01/19/24

183,187‌

Marathon

Oil

Corp.

Pershing

LLC

390‌

USD

1,043,250‌

USD

30.00

10/20/23

3,615‌

Marathon

Oil

Corp.

Pershing

LLC

420‌

USD

1,123,500‌

USD

29.00

12/15/23

38,736‌

Marathon

Oil

Corp.

Pershing

LLC

350‌

USD

936,250‌

USD

31.00

02/16/24

35,333‌

Marathon

Petroleum

Corp.

Pershing

LLC

159‌

USD

2,406,306‌

USD

125.00

10/20/23

427,418‌

Marathon

Petroleum

Corp.

Pershing

LLC

35‌

USD

529,690‌

USD

130.00

11/17/23

79,035‌

Marathon

Petroleum

Corp.

Pershing

LLC

200‌

USD

3,026,800‌

USD

145.00

11/17/23

213,371‌

Marathon

Petroleum

Corp.

Pershing

LLC

300‌

USD

4,540,200‌

USD

125.00

12/15/23

848,080‌

Newmont

Corp.

Pershing

LLC

1,620‌

USD

5,985,900‌

USD

47.00

10/20/23

3,828‌

Occidental

Petroleum

Corp.

Pershing

LLC

238‌

USD

1,544,144‌

USD

65.00

10/20/23

42,389‌

Occidental

Petroleum

Corp.

Pershing

LLC

260‌

USD

1,686,880‌

USD

72.50

11/17/23

18,830‌

Occidental

Petroleum

Corp.

Pershing

LLC

250‌

USD

1,622,000‌

USD

70.00

12/15/23

46,331‌

ONEOK

Inc.

Pershing

LLC

235‌

USD

1,490,605‌

USD

71.00

10/20/23

1,596‌

ONEOK

Inc.

Pershing

LLC

255‌

USD

1,617,465‌

USD

71.00

11/17/23

7,049‌

ONEOK

Inc.

Pershing

LLC

255‌

USD

1,617,465‌

USD

65.00

12/15/23

52,795‌

Osisko

Gold

Royalties

Ltd.

Pershing

LLC

540‌

USD

634,500‌

USD

17.50

10/20/23

4‌

Osisko

Gold

Royalties

Ltd.

Pershing

LLC

2,508‌

USD

2,946,900‌

USD

16.50

11/17/23

3,113‌

Osisko

Gold

Royalties

Ltd.

Pershing

LLC

945‌

USD

1,110,375‌

USD

14.00

01/19/24

29,704‌

Phillips

Pershing

LLC

245‌

USD

2,943,675‌

USD

105.00

11/17/23

383,813‌

Phillips

Pershing

LLC

265‌

USD

3,183,975‌

USD

115.00

01/19/24

284,885‌

Phillips

Pershing

LLC

258‌

USD

3,099,870‌

USD

130.00

03/15/24

140,983‌

Pioneer

Natural

Resources

Co.

Pershing

LLC

135‌

USD

3,098,925‌

USD

240.00

11/17/23

77,058‌

Pioneer

Natural

Resources

Co.

Pershing

LLC

174‌

USD

3,994,170‌

USD

240.00

01/19/24

178,428‌

Pioneer

Natural

Resources

Co.

Pershing

LLC

135‌

USD

3,098,925‌

USD

255.00

03/15/24

126,423‌

Rio

Tinto

plc,

ADR

Pershing

LLC

500‌

USD

3,182,000‌

USD

65.00

10/20/23

60,238‌

Rio

Tinto

plc,

ADR

Pershing

LLC

500‌

USD

3,182,000‌

USD

66.25

10/20/23

38,295‌

Rio

Tinto

plc,

ADR

Pershing

LLC

500‌

USD

3,182,000‌

USD

66.25

11/17/23

85,090‌

Rio

Tinto

plc,

ADR

Pershing

LLC

500‌

USD

3,182,000‌

USD

70.00

11/17/23

32,282‌

Rio

Tinto

plc,

ADR

Pershing

LLC

1,000‌

USD

6,364,000‌

USD

70.00

12/15/23

118,172‌

Royal

Gold

Inc.

Pershing

LLC

210‌

USD

2,232,930‌

USD

120.00

11/17/23

19,576‌

Royal

Gold

Inc.

Pershing

LLC

215‌

USD

2,286,095‌

USD

132.00

01/19/24

20,653‌

Royal

Gold

Inc.

Pershing

LLC

260‌

USD

2,764,580‌

USD

120.00

03/15/24

108,134‌

Schlumberger

Pershing

LLC

730‌

USD

4,255,900‌

USD

55.00

11/17/23

384,268‌

Schlumberger

Pershing

LLC

730‌

USD

4,255,900‌

USD

65.00

01/19/24

156,173‌

Schlumberger

Pershing

LLC

700‌

USD

4,081,000‌

USD

70.00

02/16/24

101,800‌

Shell

plc,

ADR

Pershing

LLC

925‌

USD

5,955,150‌

USD

60.00

10/20/23

441,439‌

Shell

plc,

ADR

Pershing

LLC

890‌

USD

5,729,820‌

USD

68.00

12/15/23

99,837‌

Shell

plc,

ADR

Pershing

LLC

500‌

USD

3,219,000‌

USD

62.50

01/19/24

215,285‌

Shell

plc,

ADR

Pershing

LLC

500‌

USD

3,219,000‌

USD

65.00

01/19/24

144,122‌

GAMCO

Global

Gold,

Natural

Resources

Income

Trust

Schedule

Investments

(Continued)

—

September

30,

2023

(Unaudited)

Description

Counterparty

Number

Contracts

Notional

Amount

Exercise

Price

Expiration

Date

Market

Value

SSR

Mining

Inc.

Pershing

LLC

3,000‌

USD

3,987,000‌

USD

18.00

10/20/23

708‌

SSR

Mining

Inc.

Pershing

LLC

3,160‌

USD

4,199,640‌

USD

17.00

12/15/23

48,339‌

SSR

Mining

Inc.

Pershing

LLC

3,080‌

USD

4,093,320‌

USD

17.50

02/16/24

83,468‌

Suncor

Energy

Inc.

Pershing

LLC

532‌

USD

1,829,016‌

USD

32.00

11/17/23

167,566‌

Suncor

Energy

Inc.

Pershing

LLC

475‌

USD

1,633,050‌

USD

38.00

01/19/24

41,541‌

The

Williams

Companies

Inc.

Pershing

LLC

612‌

USD

2,061,828‌

USD

33.50

10/20/23

53,488‌

The

Williams

Companies

Inc.

Pershing

LLC

611‌

USD

2,058,459‌

USD

37.00

11/17/23

11,709‌

The

Williams

Companies

Inc.

Pershing

LLC

685‌

USD

2,307,765‌

USD

35.00

12/15/23

50,600‌

TotalEnergies

SE,

ADR

Pershing

LLC

730‌

USD

4,800,480‌

USD

60.00

10/20/23

439,822‌

TotalEnergies

SE,

ADR

Pershing

LLC

600‌

USD

3,945,600‌

USD

63.00

12/15/23

298,662‌

TotalEnergies

SE,

ADR

Pershing

LLC

640‌

USD

4,208,640‌

USD

70.00

02/16/24

155,030‌

Valero

Energy

Corp.

Pershing

LLC

240‌

USD

3,401,040‌

USD

135.00

11/17/23

257,259‌

Valero

Energy

Corp.

Pershing

LLC

235‌

USD

3,330,185‌

USD

130.00

01/19/24

420,923‌

Wheaton

Precious

Metals

Corp.

Pershing

LLC

1,300‌

USD

5,271,500‌

USD

50.00

11/17/23

21,309‌

Wheaton

Precious

Metals

Corp.

Pershing

LLC

760‌

USD

3,081,800‌

USD

52.50

11/17/23

7,346‌

Wheaton

Precious

Metals

Corp.

Pershing

LLC

1,130‌

USD

4,582,150‌

USD

45.00

01/19/24

157,102‌

Wheaton

Precious

Metals

Corp.

Pershing

LLC

535‌

USD

2,169,425‌

USD

50.00

01/19/24

28,141‌

Wheaton

Precious

Metals

Corp.

Pershing

LLC

1,811‌

USD

7,343,605‌

USD

50.00

03/15/24

194,539‌

TOTAL

OTC

CALL

OPTIONS

WRITTEN

14,069,303‌

OTC

Put

Options

Written

—

(0.1)%

Utilities

Select

Sector

SPDR

Fund

Pershing

LLC

1,250‌

USD

7,366,250‌

USD

60.00

11/17/23

255,767‌

VanEck

Agribusiness

ETF

Pershing

LLC

410‌

USD

3,226,700‌

USD

80.00

12/15/23

116,461‌

VanEck

Agribusiness

ETF

Pershing

LLC

412‌

USD

3,242,440‌

USD

80.00

01/19/24

181,191‌

TOTAL

OTC

PUT

OPTIONS

WRITTEN

553,419‌

Description

Number

Contracts

Notional

Amount

Exercise

Price

Expiration

Date

Market

Value

Exchange

Traded

Call

Options

Written

—

(0.1)%

Alamos

Gold

Inc.,

Cl.

4,300‌

USD

4,854,700‌

USD

12.50

01/19/24

227,900‌

ConocoPhillips

330‌

USD

3,953,400‌

USD

120.00

11/17/23

171,600‌

ConocoPhillips

300‌

USD

3,594,000‌

USD

130.00

01/19/24

108,900‌

Dundee

Precious

Metals

Inc.

2,030‌

CAD

1,705,200‌

CAD

11.00

10/20/23

5,231‌

Dundee

Precious

Metals

Inc.

2,125‌

CAD

1,785,000‌

CAD

10.00

02/16/24

42,242‌

Eldorado

Gold

Corp.

1,467‌

USD

1,307,097‌

USD

12.00

01/19/24

29,340‌

Endeavour

Mining

plc

2,700‌

CAD

7,187,400‌

CAD

35.00

10/20/23

10,933‌

Endeavour

Mining

plc

1,500‌

CAD

3,993,000‌

CAD

34.00

11/17/23

18,774‌

Endeavour

Mining

plc

2,700‌

CAD

7,187,400‌

CAD

34.00

12/15/23

18,885‌

Franco-Nevada

Corp.

648‌

USD

8,650,152‌

USD

165.00

10/20/23

16,200‌

K92

Mining

Inc.

3,400‌

CAD

1,961,800‌

CAD

8.00

02/16/24

51,316‌

Lundin

Gold

Inc.

2,000‌

CAD

3,050,000‌

CAD

19.50

10/20/23

30,922‌

Lundin

Gold

Inc.

2,000‌

CAD

3,050,000‌

CAD

18.50

11/17/23

26,505‌

OceanaGold

Corp.

7,270‌

CAD

1,933,820‌

CAD

3.50

12/15/23

34,791‌

OceanaGold

Corp.

2,060‌

CAD

547,960‌

CAD

3.50

02/16/24

24,267‌

Osisko

Gold

Royalties

Ltd.

1,860‌

USD

2,185,500‌

USD

20.00

10/20/23

9,300‌

Osisko

Mining

Inc.

4,000‌

CAD

984,000‌

CAD

3.25

01/19/24

16,196‌

TOTAL

EXCHANGE

TRADED

CALL

OPTIONS

WRITTEN

843,302‌

Exchange

Traded

Put

Options

Written

—

(0.3)%

Energy

Select

Sector

SPDR

ETF

860‌

USD

7,773,540‌

USD

70.00

10/20/23

860‌

Energy

Select

Sector

SPDR

ETF

728‌

USD

6,580,392‌

USD

85.00

12/15/23

117,208‌

NextEra

Energy

Partners

8‌

USD

23,760‌

USD

60.00

10/20/23

24,400‌

SPDR

S&P

500

ETF

Trust

180‌

USD

7,694,640‌

USD

430.00

12/15/23

208,440‌

GAMCO

Global

Gold,

Natural

Resources

Income

Trust

Schedule

Investments

(Continued)

—

September

30,

2023

(Unaudited)

Description

Number

Contracts

Notional

Amount

Exercise

Price

Expiration

Date

Market

Value

Utilities

Select

Sector

SPDR

Fund

1,280‌

USD

7,543,040‌

USD

60.00

12/15/23

289,280‌

VanEck

Agribusiness

ETF

410‌

USD

3,226,700‌

USD

81.00

10/20/23

108,650‌

VanEck

Gold

Miners

ETF

1,660‌

USD

4,529,808‌

USD

30.00

10/20/23

522,900‌

VanEck

Gold

Miners

ETF

1,660‌

USD

4,529,808‌

USD

28.00

11/17/23

285,520‌

VanEck

Gold

Miners

ETF

2,250‌

USD

6,139,800‌

USD

27.00

12/15/23

328,500‌

VanEck

Gold

Miners

ETF

1,200‌

USD

3,274,560‌

USD

27.00

01/19/24

228,000‌

TOTAL

EXCHANGE

TRADED

PUT

OPTIONS

WRITTEN

2,113,758‌

TOTAL

OPTIONS

WRITTEN

17,579,782‌

GAMCO Global Gold, Natural Resources & Income Trust (GGN) NPORT-PMonthly portfolio investment report