ClearBridge Energy MLP Total Return Fund Inc. Portfolio Composition as of March 31, 2018
April 26 2018 - 12:05PM
Business Wire
ClearBridge Energy MLP Total Return Fund Inc. (NYSE:CTR)
announces its portfolio composition as of March 31, 2018.
Investment Objective: The Fund seeks to provide a high
level of total return, consisting of cash distributions and capital
appreciation.
Investment Strategy: Under normal market conditions, the
Fund invests at least 80% of its managed assets in energy master
limited partnerships (“MLPs”). Energy entities are engaged in 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.
Portfolio
Composition:*
Diversified Energy
Infrastructure
42.2%
Liquids Transportation &
Storage
27.6%
Gathering/Processing
19.4%
Natural Gas Transportation &
Storage
3.7%
Shipping
2.8%
Propane
2.1%
Refining
1.5%
Cash
0.6%
Top 10
Holdings
Enterprise Products Partners LP
9.6%
Williams Partners LP
6.1%
Oneok Partners LP
6.1%
Energy Transfer Partners LP
5.7%
Magellan Midstream Partners LP
5.2%
Genesis Energy LP
4.6%
Targa Resources Corp.
4.3%
Brookfield Infrastructure
3.9%
Buckeye Partners LP
3.8%
Plains All American Pipeline LP
3.6%
Portfolio
Statistics:
Inception Date
June 27, 2012
Inception Price
$20.00
Total Assets
$589,829,073
Net Assets**
$396,829,073
Loans***
6.27%
Fixed Rate Notes***
24.07%
Reverse Repos***
0.0%
Preferred Shares***
2.37%
Market Price:
$9.84
NAV
$10.33
(Daily NAV is available on market quotation systems using the
symbol XCTRX.)
Distribution Rate
$ 0.2900 per share
Frequency
Quarterly (declared quarterly, paid
quarterly)
* Portfolio holdings and weightings are historical and are
presented here for informational purposes only. They are subject to
change at any time. ** 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
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. *** Percentages are based on total assets.
ClearBridge Energy MLP Total Return 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.
(“Legg Mason”).
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.
FN1212940
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version on businesswire.com: https://www.businesswire.com/news/home/20180426006236/en/
Legg MasonFund Investor
Services1-888-777-0102http://www.lmcef.com
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