Profile
Sector:
Financial ServicesIndustry:
Asset ManagementCountry:
United StatesIPO:
25 June 2010Website:
http://www.leggmason.comNext earnings report:
N/ALast dividends:
14 August 2024Next dividends:
N/AAnalysts recommendations
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CEM Latest News
NEW YORK--(BUSINESS WIRE)--Category: Fund Announcement.
ClearBridge MLP and Midstream Fund Inc. offers exposure to energy infrastructure companies without K-1 forms, suitable for tax-advantaged accounts. The fund has a lower yield than its peers but has shown strong performance, outperforming the S&P 500 Index over one and three years. The fund employs leverage below the industry average, covers distributions with excess investment profits, and trades at a 4.30% discount to net asset value.
A small closed-end fund you likely have never heard of is beating the popular SPDR S&P 500 (SPY), Schwab US Dividend Equity (SCHD), and Invesco QQQ (QQQ) this year. It is doing this while investing in some of the most boring assets in the United States and trading at a 3.
What type of business is ClearBridge MLP and Midstream Fund?
ClearBridge Energy MLP Fund Inc. is a closed-ended equity mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Clearbridge Advisors, LLC. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating in the energy sector. The fund primarily invests in equity securities of MLPs and growth stocks of companies operating across diversified market capitalizations. It employs fundamental analysis with a bottom-up stock selection approach, focusing on companies with long-lived assets, predictable cash flows, and low direct commodity exposure to create its portfolio. ClearBridge Energy MLP Fund Inc. was formed on March 31, 2010 and is domiciled in the United States.
What sector is ClearBridge MLP and Midstream Fund in?
ClearBridge MLP and Midstream Fund is in the Financial Services sector
What industry is ClearBridge MLP and Midstream Fund in?
ClearBridge MLP and Midstream Fund is in the Asset Management industry
What country is ClearBridge MLP and Midstream Fund from?
ClearBridge MLP and Midstream Fund is headquartered in United States
When did ClearBridge MLP and Midstream Fund go public?
ClearBridge MLP and Midstream Fund initial public offering (IPO) was on 25 June 2010
What is ClearBridge MLP and Midstream Fund website?
https://www.leggmason.com/en-us/products/closed-end-funds/clearbridge-energy-mlp-fund-inc.html
Is ClearBridge MLP and Midstream Fund in the S&P 500?
No, ClearBridge MLP and Midstream Fund is not included in the S&P 500 index
Is ClearBridge MLP and Midstream Fund in the NASDAQ 100?
No, ClearBridge MLP and Midstream Fund is not included in the NASDAQ 100 index
Is ClearBridge MLP and Midstream Fund in the Dow Jones?
No, ClearBridge MLP and Midstream Fund is not included in the Dow Jones index
When was ClearBridge MLP and Midstream Fund the previous earnings report?
No data
When does ClearBridge MLP and Midstream Fund earnings report?
Next earnings report date is not announced yet