Capital-Gains Incentive Fee

Capital-gains incentive fee is a performance fee based on qualifying realized capital gains after the adjustments specified in the advisory agreement.

Why this matters to income investors

This fee can reduce shareholders’ share of realized investment gains.

How to use capital-gains incentive fee in your research

Read the fee formula and its base in the latest filing. Calculate what the charge takes from assets or earnings, then check whether waivers are temporary and whether the remaining income supports distributions.

This material is general education and information, not individualized investment, tax, or legal advice.