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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
3.45% -22.17% 172.49M 60518.87
Dividend Yield Turnover Ratio 1 Year Fund Level Flows Max Drawdown (All)
0% 28.00% -22623.92 Upgrade

Basic Info

Investment Strategy
The Fund seeks to achieve its objective by investing primarily in energy MLPs and energy midstream entities. Under normal market conditions, the Fund will invest at least 80% of its Managed Assets in energy MLPs and energy midstream entities Energy entities include those engaged in business activities related to natural gas, natural gas liquids, crude oil, refined petroleum products or coal. The Funds managers will focus primarily on energy-related MLPs with higher distribution growth rates since they believe that distribution growth is the primary driver for MLP investment capital growth.
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
Prospectus Objective Growth and Income
Fund Owner Firm Name Franklin Templeton Investments
Broad Asset Class Benchmark Index
^MSWNTR 100.0%
Manager Tenure
Chris Eades 8.52 yrs
Michael Clarfeld 8.52 yrs
Peter Vanderlee 8.52 yrs
Richard Freeman 8.52 yrs

Net Fund Flows Versus Category

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1M
3M
6M
YTD
1Y
3Y
5Y
10Y
 
80.00B
60.00B
40.00B
20.00B
0
-20.00B
1 Month
% Rank: --
-- Category Low
-- Category High
1 Year
% Rank: 33
-22623.92
-1.178B Category Low
202.21M 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
As of January 31, 2018

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)
--
--
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Total Return (NAV)
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Category Rtn. (NAV)
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As of January 19, 2021. Returns for periods of 1 year and above are annualized.

Annual Total Returns Versus Peers

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Name
2014
2015
2016
2017
2018
2019
2020
YTD
2.78%
-37.70%
14.98%
-0.20%
-25.55%
21.63%
-62.00%
19.73%
4.94%
-0.87%
7.51%
22.40%
-8.71%
27.67%
15.90%
1.62%
14.94%
-33.84%
34.68%
6.11%
-31.15%
35.43%
-44.83%
12.84%
-26.01%
-92.70%
30.51%
-10.21%
-27.00%
23.53%
-85.44%
16.50%
-3.43%
-31.68%
20.85%
3.23%
-24.75%
1.94%
-70.29%
18.01%
8.37%
-32.63%
20.80%
0.73%
-22.86%
2.36%
-80.09%
20.98%
As of January 19, 2021.

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (1-20-21) 0%
30-Day SEC Yield --
7-Day SEC Yield (3-3-20) Upgrade
Number of Holdings Upgrade
Stock
Weighted Average PE Ratio 10.08
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 November 30, 2020

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 November 30, 2020

Asset Allocation

As of November 30, 2020.
Type % Net % Long % Short
Cash 7.48% Upgrade Upgrade
Stock 92.52% 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
Enterprise Products Partners LP 7.91% 23.05 -1.03%
Targa Resources Corp 6.37% 29.80 -0.93%
MPLX LP Partnership Units 6.02% 24.19 -0.12%
Magellan Midstream Partners LP 5.20% 46.28 0.94%
Energy Transfer LP 4.80% 6.86 0.15%
Western Midstream Partners LP 4.54% 16.14 -2.24%
Williams Companies Inc 4.52% 22.42 -0.13%
Delek Logistics Partners LP 4.29% 38.62 4.13%
ONEOK Inc 4.04% 44.02 -0.20%
Enable Midstream Partners LP 3.97% 5.68 -4.54%

Basic Info

Investment Strategy
The Fund seeks to achieve its objective by investing primarily in energy MLPs and energy midstream entities. Under normal market conditions, the Fund will invest at least 80% of its Managed Assets in energy MLPs and energy midstream entities Energy entities include those engaged in business activities related to natural gas, natural gas liquids, crude oil, refined petroleum products or coal. The Funds managers will focus primarily on energy-related MLPs with higher distribution growth rates since they believe that distribution growth is the primary driver for MLP investment capital growth.
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
Prospectus Objective Growth and Income
Fund Owner Firm Name Franklin Templeton Investments
Broad Asset Class Benchmark Index
^MSWNTR 100.0%
Manager Tenure
Chris Eades 8.52 yrs
Michael Clarfeld 8.52 yrs
Peter Vanderlee 8.52 yrs
Richard Freeman 8.52 yrs

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (1-20-21) 0%
30-Day SEC Yield --
7-Day SEC Yield (3-3-20) Upgrade
Number of Holdings Upgrade
Stock
Weighted Average PE Ratio 10.08
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 November 30, 2020

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 November 30, 2020

Fund Details

Key Dates
Inception Date 6/27/2012
Last Annual Report Date 11/30/2019
Last Prospectus Date 12/31/2013
Attributes
Enhanced Index 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 No
Socially Responsible Fund No