ClearBridge MLP and Midstream (CEM)

3.73 +0.07  +1.91% NYSE May 29, 20:00 Delayed 2m USD
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Key Stats

Net Asset Value 4.55
Discount or Premium to NAV -18.02%
Turnover Ratio 14.00%
1 Year Fund Level Flows --

Performance & Returns

  Total Return (Price) Total Return (NAV) Cat. Total Return (NAV) % Rank in Cat. (NAV)
1M 11.58% 9.86% 7.26% 20
3M -56.16% -50.56% -43.96% 58
6M -60.71% -57.92% -51.26% 58
YTD -65.07% -61.67% -55.51% 58
1Y -65.41% -62.26% -56.82% 48
3Y -31.82% -28.23% -26.95% 48
5Y -24.76% -23.49% -22.15% 48
10Y -- -6.52% -3.03% --
15Y -- -- -0.52% --
20Y -- -- -- --
As of May 29, 2020. Returns for periods of 1 year and above are annualized.

Asset Allocation

Type % Net % Long % Short
Cash 8.41% 8.41% 0.00%
Stock 91.59% 91.59% 0.00%
Bond 0.00% 0.00% 0.00%
Convertible 0.00% 0.00% 0.00%
Preferred 0.00% 0.00% 0.00%
Other 0.00% 0.00% 0.00%
As of March 31, 2020

Region Exposure

Americas 100.0%
North America 100.0%
Latin America 0.00%
Greater Europe 0.00%
United Kingdom 0.00%
Europe Developed 0.00%
Europe Emerging 0.00%
Africa/Middle East 0.00%
Greater Asia 0.00%
Japan 0.00%
Australasia 0.00%
Asia Developed 0.00%
Asia Emerging 0.00%
Market Classification
% Developed Markets 100.0%
% Emerging Markets 5.41%
As of March 31, 2020. Region breakdown data is calculated by using the long position holdings of the portfolio.

Stock Sector Exposure

Basic Materials 0.00%
Communication Services 0.00%
Consumer Cyclical 0.00%
Consumer Defensive 0.00%
Energy 96.79%
Financial Services 0.00%
Healthcare 0.00%
Industrials 3.21%
Real Estate 0.00%
Technology 0.00%
Utilities 0.00%
As of March 31, 2020

Stock Market Capitalization

Giant 4.98%
Large 13.43%
Medium 41.02%
Small 33.25%
Micro 7.31%
As of March 31, 2020

Stock Style Exposure

Large Cap Value 13.43%
Large Cap Blend 4.98%
Large Cap Growth 0.00%
Mid Cap Value 38.24%
Mid Cap Blend 2.79%
Mid Cap Growth 0.00%
Small Cap Value 30.21%
Small Cap Blend 10.35%
Small Cap Growth 0.00%
As of March 31, 2020
View More Holdings

Top 10 Holdings

Symbol Name % Weight Price % Chg
EPD Enterprise Products Partners LP 8.27% 19.10 -1.39%
MMP Magellan Midstream Partners LP 8.15% 45.34 +1.73%
ET Energy Transfer LP 7.72% 8.16 -1.33%
MPLX MPLX LP Partnership Units 6.63% 18.99 +1.93%
WMB Williams Companies Inc 4.92% 20.43 +2.35%
ENB.TO Enbridge Inc 4.56% 44.78 +0.52%
OKE ONEOK Inc 4.28% 36.69 -1.58%
KMI Kinder Morgan Inc Class P 4.04% 15.80 +0.51%
TCP TC Pipelines LP 3.65% 35.15 +3.29%
BPMP BP Midstream Partners LP 3.48% 12.51 -2.57%
As of March 31, 2020
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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
Prospectus Objective Specialty - Natural Resources
Fund Owner Firm Name Legg Mason Partners Fund Advisor, LLC
Benchmark Index
Alerian MLP TR USD 100.0%
Reports
One Page Report Download

Manager Info

Name Tenure
Chris Eades 9.86 yrs
Michael Clarfeld 9.86 yrs
Peter Vanderlee 9.86 yrs
Richard Freeman 9.86 yrs

Net Fund Flows

1M --
3M --
6M --
YTD --
1Y --
3Y --
5Y --
10Y --
Date Unavailable

Risk Info

Beta (5Y) 3.051
Max Drawdown (All) 95.40%
Historical Sharpe Ratio (10Y) --
Historical Sortino (All) 0.0299
30-Day Rolling Volatility 61.78%
Daily Value at Risk (VaR) 1% (All) 5.53%
Monthly Value at Risk (VaR) 1% (All) 36.17%

Fundamentals

Dividend Yield TTM (5-29-20) 4.84%
30-Day SEC Yield --
7-Day SEC Yield (3-5-20) 0.00%
Weighted Average PE Ratio 5.760
Weighted Average Price to Sales Ratio 0.3779
Weighted Average Price to Book Ratio 0.6797
Weighted Median ROE 22.52%
Weighted Median ROA 6.52%
Forecasted Dividend Yield 22.20%
Forecasted PE Ratio 5.500
Forecasted Price to Sales Ratio 0.4478
Forecasted Price to Book Ratio 0.6583
Number of Holdings 29
As of March 31, 2020

Growth Estimates

Forecasted 5 Yr Earnings Growth 6.80%
Forecasted Book Value Growth -1.83%
Forecasted Cash Flow Growth -4.04%
Forecasted Earnings Growth 5.06%
Forecasted Revenue Growth -11.38%
As of March 31, 2020

Comparables

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Attributes

Key Dates
Inception Date 6/25/2010
Termination Date
Last Annual Report Date 11/30/2018
Last Prospectus Date 4/1/2013
Attributes
Exchange Traded Share No
Exchange Traded Note No
Enhanced Index Fund No
Fixed Distribution Fund No
High-Net Worth Individual Fund No
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
General Availability
Available for Insurance Product No
Available for Retirement Plan No
Available for RRSP No
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