Key Stats

Expense Ratio Discount or Premium to NAV Total Assets Under Management 30-Day Average Daily Volume
4.66% -18.01% 229.12M 17447.97
Dividend Yield Turnover Ratio 1 Year Fund Level Flows Max Drawdown (All)
5.65% 43.00% -22623.92 Upgrade

Basic Info

Investment Strategy
The Fund’s investment objective is to provide a high level of total return, consisting of cash distributions and capital appreciation. Under normal market conditions, the Fund invests at least 80% of its Managed Assets in energy MLPs and energy midstream entities.
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 Growth and Income
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 10.68 yrs
Michael Clarfeld 10.68 yrs
Peter Vanderlee 10.68 yrs

Net Fund Flows Versus Category

View Net Fund Flows. Upgrade now.
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: 40
-22623.92
-310.80M Category Low
177.21M 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)
--
--
--
--
--
--
--
--
Total Return (NAV)
--
--
--
--
--
--
--
--
Category Rtn. (NAV)
--
--
--
--
--
--
--
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% Rank in Cat (NAV)
--
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As of March 17, 2023. Returns for periods of 1 year and above are annualized.

Annual Total Returns Versus Peers

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Name
2016
2017
2018
2019
2020
2021
2022
YTD
14.98%
-0.20%
-25.55%
21.63%
-62.00%
74.98%
27.73%
-2.43%
7.51%
22.40%
-8.71%
27.67%
15.90%
21.82%
-18.14%
2.39%
34.68%
6.11%
-31.15%
35.43%
-44.83%
35.83%
16.18%
-5.14%
27.32%
9.23%
-22.00%
34.08%
-45.73%
41.13%
11.07%
-10.41%
20.85%
3.23%
-24.75%
1.94%
-70.29%
46.83%
24.16%
-9.90%
20.80%
0.73%
-22.86%
2.36%
-80.09%
56.83%
23.42%
-7.74%
As of March 17, 2023.

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (3-20-23) 5.65%
30-Day SEC Yield --
7-Day SEC Yield (3-3-20) Upgrade
Number of Holdings Upgrade
Stock
Weighted Average PE Ratio 13.59
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 January 31, 2023

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 January 31, 2023

Asset Allocation

As of January 31, 2023.
Type % Net % Long % Short
Cash 0.72% Upgrade Upgrade
Stock 99.28% 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 8.12% 12.16 1.38%
MPLX LP Partnership Units 7.58% 33.95 1.07%
Western Midstream Partners LP 6.70% 25.66 1.38%
Targa Resources Corp 6.66% 69.28 2.68%
Enterprise Products Partners LP 6.50% 25.12 0.22%
Magellan Midstream Partners LP 5.40% 53.08 0.91%
Williams Companies Inc 5.04% 29.02 2.54%
DCP Midstream LP 4.82% 41.55 0.31%
Plains All American Pipeline LP 4.31% 12.08 1.90%
ONEOK Inc 4.07% 61.18 2.84%

Basic Info

Investment Strategy
The Fund’s investment objective is to provide a high level of total return, consisting of cash distributions and capital appreciation. Under normal market conditions, the Fund invests at least 80% of its Managed Assets in energy MLPs and energy midstream entities.
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 Growth and Income
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 10.68 yrs
Michael Clarfeld 10.68 yrs
Peter Vanderlee 10.68 yrs

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (3-20-23) 5.65%
30-Day SEC Yield --
7-Day SEC Yield (3-3-20) Upgrade
Number of Holdings Upgrade
Stock
Weighted Average PE Ratio 13.59
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 January 31, 2023

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 January 31, 2023

Fund Details

Key Dates
Inception Date 6/27/2012
Last Annual Report Date 11/30/2022
Last Prospectus Date 12/31/2013
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 No
Socially Responsible Fund No

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