ClearBridge Energy MLP Fund Inc. Portfolio Composition as of June 30, 2016
ClearBridge Energy MLP Fund Inc. (NYSE:CEM) announces its portfolio
composition as of June 30, 2016.
Investment Objective: The Fund seeks to provide a high level of
total return with an emphasis on cash distributions.
Investment Strategy: The Fund seeks to achieve its objective by
investing primarily in master limited partnerships (“MLPs”) in the
energy sector. The Fund considers MLPs to be in the energy sector if
they derive at least 50% of their revenues from the businesses 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.
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Portfolio Composition:*
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Diversified Energy Infrastructure
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40.9%
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Liquids Transportation & Storage
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33.6%
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Gathering/Processing
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18.2%
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Natural Gas Transportation & Storage
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4.4%
|
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Propane
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1.4%
|
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Refining
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0.8%
|
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Shipping
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0.4%
|
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Cash
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0.2%
|
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Top 10 Holdings
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Enterprise Products Partners LP
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8.3%
|
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Magellan Midstream Partners LP
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6.2%
|
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Energy Transfer Partners LP
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6.2%
|
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Buckeye Partners LP
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5.6%
|
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Brookfield Infrastructure
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5.4%
|
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MPLX LP MLP
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4.8%
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Genesis Energy LP
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4.7%
|
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Oneok Partners LP MLP
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4.5%
|
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Enbridge Energy Partners LP
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4.4%
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Williams Partners LP
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4.1%
|
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Portfolio Statistics:
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Inception Date
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June 25, 2010
|
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Inception Price
|
$20.00
|
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Total Assets
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$1,834,160,315
|
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Net Assets**
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$1,163,753,149
|
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Loans***
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0.0%
|
|
Fixed Rate Notes***
|
20.17%
|
|
Reverse Repos***
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0.0%
|
|
Preferred Shares***
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3.00%
|
|
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Market Price:
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$15.93
|
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NAV
|
$16.61
|
(Daily NAV is available on market quotation systems using the symbol
XCEMX.)
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|
|
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Distribution Rate
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$ 0.355 per share
|
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Frequency
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Quarterly (declared quarterly, paid quarterly)
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*
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Portfolio holdings and weightings are historical and are presented
here for informational purposes only. They are subject to change at
any time.
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**
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The difference between total assets and net assets, if any, is due
primarily to the Fund’s use of borrowings and other liabilities; net
assets do not include borrowings. The Fund may employ leverage in
the form of loans, preferred stock, reverse repurchase agreements
and/or other instruments. When the Fund engages in transactions that
have a leveraging effect on the Fund’s portfolio, the value of the
Fund will be more volatile and all other risks will tend to be
compounded.
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***
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Percentages are based on total assets.
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ClearBridge Energy MLP Fund Inc. is a non-diversified, closed-end
management investment company which is advised by Legg Mason Partners
Fund Advisor, LLC (“LMPFA”) and subadvised by ClearBridge Investments,
LLC (“ClearBridge”). LMPFA and ClearBridge are wholly owned subsidiaries
of Legg Mason, Inc.
An investment in the Fund involves risk, including loss of principal.
The Fund's concentration of investments in energy related MLPs subject
it to the risks of investing in MLPs and the energy sector. Investment
return and the value of shares will fluctuate.
Data and commentary provided in this press release are for informational
purposes only. Legg Mason and its affiliates do not engage in selling
shares of the Fund.
For more information, please call Fund Investor Services at
1-888-777-0102, or consult the Fund’s web site at http://www.lmcef.com.
Hard copies of the Fund’s complete audited financial statements are
available free of charge upon request.
FN1112198
View source version on businesswire.com: http://www.businesswire.com/news/home/20160801005264/en/
Copyright Business Wire 2016
Source: Business Wire
(August 1, 2016 - 8:00 AM EDT)
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