ClearBridge American Energy MLP Fund Inc. Portfolio Composition as of September 30, 2015
ClearBridge American Energy MLP Fund Inc. (NYSE:CBA) announces its
portfolio composition as of September 30, 2015.
Investment Objective: The Fund seeks to provide a high level of
total return, with an equal emphasis on current distributions and
capital appreciation.
Investment Strategy: The Fund seeks to achieve its objective by
investing primarily in US-based master limited partnerships (“MLPs”) in
the energy sector. Initially, the Fund intends to focus its investments
on MLPs that, in the Fund’s opinion, are poised to benefit from the
growing production and usage of natural gas, while minimizing exposure
to commodity price fluctuations. 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.
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Portfolio Composition:*
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Diversified Energy Infrastructure
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36.9%
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Gathering/Processing
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25.8%
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Liquids Transportation & Storage
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23.8%
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Natural Gas Transportation & Storage
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6.0%
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Shipping
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4.8%
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Propane
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3.7%
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Cash
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-0.9%
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Top 10 Holdings
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Energy Transfer Partners LP
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10.5%
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Buckeye Partners LP
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7.8%
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Enterprise Products Partners LP
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6.6%
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Brookfield Infrastructure
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6.5%
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Enbridge Energy Partners LP
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6.2%
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Markwest Energy Partners W/I MLP
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5.9%
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EnLink Midstream Partners LP
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4.6%
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Williams Partners LP MLP NPV
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4.5%
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Oneok Partners LP MLP NPV
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4.3%
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Targa Resources Partners LP MLP
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3.7%
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Portfolio Statistics:
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Inception Date
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June 26, 2013
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Inception Price
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$20.00
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Total Assets
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$1,006,557,582
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Net Assets**
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$598,718,690
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Loans***
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0.0%
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Fixed Rate Notes***
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27.32%
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Reverse Repos***
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0.0%
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Preferred Shares***
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12.42%
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Market Price:
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$9.59
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NAV
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$10.27
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(Daily NAV is available on market quotation systems using the symbol
XCBAX.)
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Distribution Rate
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$0.3050 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 American 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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20151030005856/en/
Copyright Business Wire 2015
Source: Business Wire
(October 30, 2015 - 1:34 PM EDT)
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