ClearBridge MLP and Midstream (CEM)

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10.74 -0.03  -0.28% NYSE Oct 23, 16:30 Delayed 2m USD
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Key Stats

Net Asset Value 12.17
Discount or Premium to NAV -11.50%
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 -7.79% -7.31% -7.53% 40
3M -11.24% -10.02% -10.68% 35
6M -10.16% -8.73% -9.39% 27
YTD 11.47% 12.16% 10.65% 44
1Y -14.14% -10.46% -12.57% 44
3Y -3.77% -1.90% -3.59% 31
5Y -8.74% -8.71% -9.69% 31
10Y -- -- 5.20% --
15Y -- -- 6.62% --
20Y -- -- -- --
As of Oct. 22, 2019. Returns for periods of 1 year and above are annualized.

Asset Allocation

Type % Net % Long % Short
Cash 0.66% 2.16% 1.49%
Stock 99.34% 99.34% 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 Aug. 31, 2019

Region Exposure

Americas 99.84%
North America 95.32%
Latin America 4.51%
Greater Europe 0.00%
United Kingdom 0.00%
Europe Developed 0.00%
Europe Emerging 0.00%
Africa/Middle East 0.00%
Greater Asia 0.16%
Japan 0.00%
Australasia 0.00%
Asia Developed 0.00%
Asia Emerging 0.16%
Market Classification
% Developed Markets 95.32%
% Emerging Markets 4.68%
As of Aug. 31, 2019. 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 93.55%
Financial Services 0.00%
Healthcare 0.00%
Industrials 1.94%
Real Estate 0.00%
Technology 0.00%
Utilities 4.51%
As of Aug. 31, 2019

Stock Market Capitalization

Giant 6.63%
Large 41.74%
Medium 23.38%
Small 28.24%
Micro 0.00%
As of Aug. 31, 2019

Stock Style Exposure

Large Cap Value 29.69%
Large Cap Blend 14.08%
Large Cap Growth 5.69%
Mid Cap Value 18.17%
Mid Cap Blend 5.74%
Mid Cap Growth 0.00%
Small Cap Value 24.37%
Small Cap Blend 2.27%
Small Cap Growth 0.00%
As of Aug. 31, 2019
View More Holdings

Top 10 Holdings

Symbol Name % Weight Price % Chg
ET Energy Transfer LP 8.75% 12.59 -0.87%
EPD Enterprise Products Partners LP 8.12% 27.50 +0.00%
OKE ONEOK Inc 7.09% 70.91 +0.82%
MMP Magellan Midstream Partners LP 5.58% 63.05 -1.85%
ENB.TO Enbridge Inc 5.48% 47.83 +0.69%
GEL Genesis Energy LP 5.19% 20.88 -0.14%
BIP.UN.TO Brookfield Infrastructure Partners LP 4.48% 64.10 +0.61%
WMB Williams Companies Inc 4.42% 23.45 +1.03%
KMI Kinder Morgan Inc Class P 3.99% 20.42 +0.49%
MPLX MPLX LP Partnership Units 3.56% 27.13 -0.04%
As of Aug. 31, 2019
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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 ClearBridge MLP & Midstream Fund Inc.
Benchmark Index
Alerian MLP TR USD 100.0%
Reports
One Page Report Download

Manager Info

Name Tenure
Chris Eades 8.61 yrs
Michael Clarfeld 8.61 yrs
Peter Vanderlee 8.61 yrs
Richard Freeman 8.61 yrs

Net Fund Flows

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

Risk Info

Beta (5Y) 1.553
Max Drawdown (All) 65.04%
Historical Sharpe Ratio (10Y) --
Historical Sortino (All) 0.1091
30-Day Rolling Volatility 13.54%
Daily Value at Risk (VaR) 1% (All) 4.58%
Monthly Value at Risk (VaR) 1% (All) 19.39%

Fundamentals

Dividend Yield TTM (10-23-19) 4.86%
30-Day SEC Yield --
7-Day SEC Yield (10-22-19) 0.00%
Weighted Average PE Ratio 13.47
Weighted Average Price to Sales Ratio 1.170
Weighted Average Price to Book Ratio 1.823
Weighted Median ROE 18.64%
Weighted Median ROA 5.25%
Forecasted Dividend Yield 8.30%
Forecasted PE Ratio 13.89
Forecasted Price to Sales Ratio 0.7329
Forecasted Price to Book Ratio 1.513
Number of Holdings 34
As of Aug. 31, 2019

Growth Estimates

Forecasted 5 Yr Earnings Growth 5.39%
Forecasted Book Value Growth 3.38%
Forecasted Cash Flow Growth 8.23%
Forecasted Earnings Growth 8.89%
Forecasted Revenue Growth 6.04%
As of Aug. 31, 2019

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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