ClearBridge Energy MLP Opportunity Fund Inc. Portfolio Composition as of September 30, 2018
ClearBridge Energy MLP Opportunity Fund Inc. (NYSE:EMO) announces its
portfolio composition as of September 30, 2018.
Investment Objective: The Fund seeks to provide long-term
investors a high level of total return with an emphasis on cash
distributions.
Investment Strategy: The Fund seeks to achieve its objective by
investing at least 80% of its managed assets in master limited
partnerships (“MLPs”) in the energy sector under normal market
conditions. The Fund focuses on MLPs with operations in crude oil,
natural gas liquids and refined products infrastructure, though this may
change over time, as the dynamic nature of the energy markets may create
new and potentially attractive opportunities.
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Portfolio Composition:*
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Diversified Energy Infrastructure
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38.6%
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Liquids Transportation & Storage
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26.2%
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Gathering/Processing
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25.3%
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Natural Gas Transportation & Storage
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3.0%
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Refining
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3.0%
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Propane
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1.4%
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Shipping
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1.0%
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Cash
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1.3%
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Top 10 Holdings
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Enterprise Products Partners LP
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9.8%
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Energy Transfer Partners LP
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8.2%
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Williams Partners LP
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6.0%
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Oneok Partners LP MLP
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5.5%
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Genesis Energy LP
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4.8%
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Targa Resources Corp.
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4.8%
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Tallgrass Energy LP
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4.7%
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Magellan Midstream Partners LP
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4.6%
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EnLink Midstream Partners LP
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3.9%
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Buckeye Partners LP
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3.8%
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Portfolio Statistics:
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Inception Date
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June 10, 2011
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Inception Price
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$20.00
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Total Assets
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$556,034,143
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Net Assets**
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$374,034,143
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Loans***
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6.47%
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Fixed Rate Notes***
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22.12%
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Preferred Shares***
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4.42%
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Reverse Repos***
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0.00%
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Market Price:
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$11.41
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NAV
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$11.99
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(Daily NAV is available on market quotation systems using the symbol
XEMOX.)
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Distribution Rate
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$ 0.3200 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 Opportunity 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.
FN1112155
View source version on businesswire.com: https://www.businesswire.com/news/home/20181101005220/en/
Copyright Business Wire 2018
Source: Business Wire
(November 1, 2018 - 8:30 AM EDT)
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