ClearBridge Energy MLP Total Return Fund Inc. Portfolio Composition as of June 30, 2016
ClearBridge Energy MLP Total Return Fund Inc. (NYSE:CTR) announces its
portfolio composition as of June 30, 2016.
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.
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Portfolio Composition:*
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Diversified Energy Infrastructure
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40.7%
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Liquids Transportation & Storage
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29.6%
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Gathering/Processing
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21.3%
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Shipping
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2.9%
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Propane
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2.4%
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Natural Gas Transportation & Storage
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1.9%
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Refining
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0.8%
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Cash
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0.4%
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Top 10 Holdings
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Enterprise Products Partners LP
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7.9%
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Energy Transfer Partners LP
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6.9%
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Magellan Midstream Partners LP
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5.8%
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Targa Resources Corp.
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4.8%
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Buckeye Partners LP
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4.8%
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Williams Partners LP
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4.4%
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Brookfield Infrastructure
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4.4%
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Enbridge Energy Partners LP
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4.2%
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Genesis Energy LP
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4.1%
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MPLX LP MLP
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4.1%
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Portfolio Statistics:
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Inception Date
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June 27, 2012
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Inception Price
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$20.00
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Total Assets
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$700,772,596
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Net Assets**
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$536,663,283
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Loans***
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0.00%
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Fixed Rate Notes***
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20.26%
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Reverse Repos***
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0.0%
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Preferred Shares***
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2.00%
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Market Price:
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$12.80
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NAV
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$13.98
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(Daily NAV is available on market quotation systems using the symbol
XCTRX.)
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Distribution Rate
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$ 0.2900 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 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 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
View source version on businesswire.com: http://www.businesswire.com/news/home/20160801005265/en/
Copyright Business Wire 2016
Source: Business Wire
(August 1, 2016 - 8:00 AM EDT)
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