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Key Stats

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Expense Ratio Discount or Premium to NAV Total Assets Under Management 30-Day Average Daily Volume
3.01% -15.89% 550.45M 58883.17
Dividend Yield Turnover Ratio 1 Year Fund Level Flows Max Drawdown (All)
4.14% 48.00% -- Upgrade

Basic Info

Investment Strategy
The Fund seeks to achieve its objective by investing primarily in master limited partnerships (MLPs) and midstream entities in the energy sector. Under normal market conditions, the Fund will invest at least 80% of its Managed Assets in energy MLPs and energy midstream entities. The Fund considers an entity to be within the energy sector if it derives at least 50% of its revenues from the business of exploring, developing, producing, gathering, transporting, processing, storing, refining, distributing, mining or marketing natural gas, natural gas liquids (including propane), crude oil, refined petroleum products or coal.
General
Security Type Closed-End Fund
Equity Style Mid Cap/Value
Fixed Income Style --
Broad Asset Class Sector Equity
Broad Category Equity
Category Name Energy Limited Partnership
Category Index Morningstar MLP Composite TR USD
Global Category Name Energy Sector Equity
YCharts Categorization Energy Equity
YCharts Benchmark S&P 1500 Energy (Sector) Total Return (^SP15NRGSTR)
Prospectus Objective Specialty - Natural Resources
Fund Owner Firm Name ClearBridge
Prospectus Benchmark Index
Alerian MLP TR USD 100.0%
Broad Asset Class Benchmark Index
^MSWNTR 100.0%
Manager Tenure
Chris Eades 12.44 yrs
Michael Clarfeld 12.44 yrs
Peter Vanderlee 12.44 yrs

Net Fund Flows Versus Category

1M
3M
6M
YTD
1Y
3Y
5Y
10Y
 
80.00B
60.00B
40.00B
20.00B
0
-20.00B
No Data Available
1 Month
% Rank: --
-- Category Low
-- Category High
1 Year
% Rank: --
-328.78M Category Low
416.02M Category High
3 Months
% Rank: --
-- Category Low
-- Category High
3 Years
% Rank: --
-- Category Low
-- Category High
6 Months
% Rank: --
-- Category Low
-- Category High
5 Years
% Rank: --
-- Category Low
-- Category High
YTD
% Rank: --
-- Category Low
-- Category High
10 Years
% Rank: --
-- Category Low
-- Category High
Date Unavailable

Performance Versus Category

 
20%
15%
10%
5%
0
View Category Returns. Upgrade now.
Name
1M
3M
YTD
1Y
3Y
5Y
10Y
15Y
Total Return (Price)
--
--
--
--
--
--
--
--
Total Return (NAV)
--
--
--
--
--
--
--
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Category Rtn. (NAV)
--
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--
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% Rank in Cat (NAV)
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As of December 06, 2022. Returns for periods of 1 year and above are annualized.

Annual Total Returns Versus Peers

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Name
2015
2016
2017
2018
2019
2020
2021
YTD
-40.75%
13.17%
7.85%
-24.79%
19.97%
-66.71%
72.88%
32.69%
-0.87%
7.51%
22.40%
-8.71%
27.67%
15.90%
21.82%
-16.34%
-32.18%
27.32%
9.23%
-22.00%
34.08%
-45.73%
41.13%
12.09%
-50.61%
28.25%
7.34%
-19.35%
11.51%
-53.10%
44.11%
22.09%
-92.70%
30.51%
-10.21%
-27.00%
23.53%
-85.44%
50.45%
24.35%
-30.05%
43.46%
-0.33%
-16.07%
15.62%
-27.71%
29.34%
4.92%
As of December 06, 2022.

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (12-6-22) 4.14%
30-Day SEC Yield --
7-Day SEC Yield (3-5-20) Upgrade
Number of Holdings Upgrade
Stock
Weighted Average PE Ratio 14.49
Weighted Average Price to Sales Ratio Upgrade
Weighted Average Price to Book Ratio Upgrade
Weighted Median ROE Upgrade
Weighted Median ROA Upgrade
Forecasted Dividend Yield Upgrade
Forecasted PE Ratio Upgrade
Forecasted Price to Sales Ratio Upgrade
Forecasted Price to Book Ratio Upgrade
As of October 31, 2022

Growth Estimates

Forecasted 5 Yr Earnings Growth Upgrade
Forecasted Book Value Growth Upgrade
Forecasted Cash Flow Growth Upgrade
Forecasted Earnings Growth Upgrade
Forecasted Revenue Growth Upgrade
As of October 31, 2022

Asset Allocation

As of October 31, 2022.
Type % Net % Long % Short
Cash 0.68% Upgrade Upgrade
Stock 99.32% Upgrade Upgrade
Bond 0.00% Upgrade Upgrade
Convertible 0.00% Upgrade Upgrade
Preferred 0.00% Upgrade Upgrade
Other 0.00% Upgrade Upgrade

Top 10 Holdings

Name % Weight Price % Change
Energy Transfer LP 7.75% 11.94 -1.97%
Western Midstream Partners LP 7.59% 26.71 -2.98%
MPLX LP Partnership Units 7.55% 32.65 -2.07%
Enterprise Products Partners LP 7.07% 24.22 -1.02%
Magellan Midstream Partners LP 6.00% 50.82 -1.61%
Williams Companies Inc 5.37% 33.47 -2.05%
Targa Resources Corp 5.17% 69.65 -3.26%
DCP Midstream LP 4.95% 38.73 -1.38%
Plains All American Pipeline LP 4.26% 11.93 -1.97%
Plains GP Holdings LP Class A 4.24% 12.62 -2.02%

Basic Info

Investment Strategy
The Fund seeks to achieve its objective by investing primarily in master limited partnerships (MLPs) and midstream entities in the energy sector. Under normal market conditions, the Fund will invest at least 80% of its Managed Assets in energy MLPs and energy midstream entities. The Fund considers an entity to be within the energy sector if it derives at least 50% of its revenues from the business of exploring, developing, producing, gathering, transporting, processing, storing, refining, distributing, mining or marketing natural gas, natural gas liquids (including propane), crude oil, refined petroleum products or coal.
General
Security Type Closed-End Fund
Equity Style Mid Cap/Value
Fixed Income Style --
Broad Asset Class Sector Equity
Broad Category Equity
Category Name Energy Limited Partnership
Category Index Morningstar MLP Composite TR USD
Global Category Name Energy Sector Equity
YCharts Categorization Energy Equity
YCharts Benchmark S&P 1500 Energy (Sector) Total Return (^SP15NRGSTR)
Prospectus Objective Specialty - Natural Resources
Fund Owner Firm Name ClearBridge
Prospectus Benchmark Index
Alerian MLP TR USD 100.0%
Broad Asset Class Benchmark Index
^MSWNTR 100.0%
Manager Tenure
Chris Eades 12.44 yrs
Michael Clarfeld 12.44 yrs
Peter Vanderlee 12.44 yrs

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (12-6-22) 4.14%
30-Day SEC Yield --
7-Day SEC Yield (3-5-20) Upgrade
Number of Holdings Upgrade
Stock
Weighted Average PE Ratio 14.49
Weighted Average Price to Sales Ratio Upgrade
Weighted Average Price to Book Ratio Upgrade
Weighted Median ROE Upgrade
Weighted Median ROA Upgrade
Forecasted Dividend Yield Upgrade
Forecasted PE Ratio Upgrade
Forecasted Price to Sales Ratio Upgrade
Forecasted Price to Book Ratio Upgrade
As of October 31, 2022

Growth Estimates

Forecasted 5 Yr Earnings Growth Upgrade
Forecasted Book Value Growth Upgrade
Forecasted Cash Flow Growth Upgrade
Forecasted Earnings Growth Upgrade
Forecasted Revenue Growth Upgrade
As of October 31, 2022

Fund Details

Key Dates
Inception Date 6/25/2010
Last Annual Report Date 11/30/2021
Last Prospectus Date 4/1/2013
Attributes
Index Fund No
Inverse Fund No
Leveraged Fund Yes
Fund of Funds No
Currency Hedged Fund No
Synthetic Replication Fund No
Has Dividend Investment Plan Yes
Socially Responsible Fund No

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