GGN fund offers 6.5% yield with strong gold and oil exposure but includes return of capital risk.

GAMCO Global Gold, Natural Resources & Income Trust (GGN) has gained nearly 39% over the past year, driven by strong gold and oil markets. The fund pays a monthly distribution of $0.03 per share, roughly a 6.5% annual yield, mainly funded by dividends from gold and energy stocks and premiums from covered call options. However, the board warns that 2026 distributions will largely be a return of capital, meaning part of the payout is your own invested money, not income. GGN suits investors seeking monthly income linked to commodities but who understand the yield is cyclical and dependent on commodity prices and market volatility.