Company overview
Understand the business
The fund invests primarily in energy and natural-resources securities. Unlike an operating company, it does not have conventional revenue or earnings-per-share guidance.
Primary earnings measures
The most relevant reported recurring-income measure is net investment income per share. However, net investment income is not the fund's complete distribution-support measure because the managed distribution policy may use net investment income, realized capital gains, and potentially return of capital.
How the company supports its distribution
The managed distribution policy permits funding from portfolio income and realized gains, and potentially return of capital. The board may amend or end the policy. No separate recurring supplemental dividend was identified.