Profile
Sector:
Financial ServicesIndustry:
Asset ManagementCountry:
United StatesIPO:
03 August 2012Next earnings report:
N/ALast dividends:
14 August 2024Next dividends:
N/AAnalysts recommendations
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ClearBridge MLP and Midstream Total Return Fund is one of the few remaining closed-end funds focusing on midstream energy companies, but it will not last long. The fund has a strong performance history and has outperformed the market over the past five months on a total return basis. The fund has been preparing for an upcoming merger and recently bought out some of its investors.
The ClearBridge MLP and Midstream Total Return Fund aims to provide investors with high current income and total returns. The fund has a respectable 7.47% yield, higher than the S&P 500 Index but slightly lower than the Alerian MLP Index. The fund's recent performance has been impressive, outperforming both the S&P 500 Index and the Alerian MLP Index.
ClearBridge MLP and Midstream Total Return Fund is a closed-end fund that invests in energy sector infrastructure companies, including master limited partnerships. The fund manages tax issues on the fund level, making it suitable for inclusion in tax-advantaged accounts. The fund has a yield of 8.73% and has outperformed the Alerian MLP Index over the past three years.
Midstream companies are excellent assets for income investors due to their high yields and stable cash flows backed by long-term contracts. ClearBridge MLP and Midstream TR Fund Inc. is a closed-end fund that invests in a portfolio of these companies and provides a way to include midstream master limited partnerships in a retirement account. There are some reasons to expect energy prices to improve in the near future, which could have a beneficial effect on the fund's assets.
What type of business is ClearBridge MLP and Midstream Total Return Fund?
ClearBridge MLP and Midstream Total Return Fund Inc. is an open ended equity mutual fund of funds launched and managed by Legg Mason Partners Fund Advisor, LLC. The fund is co-managed by ClearBridge Investments, LLC. It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating in the energy sector. It primarily invests in equity securities of MLPs, stocks of entities holding primarily general partner or managing member interests in MLPs, and securities that are derivatives of interests in MLPs such as exchange traded funds. ClearBridge MLP and Midstream Total Return Fund Inc. was formed on April 10, 2012 and is domiciled in the United States.
What sector is ClearBridge MLP and Midstream Total Return Fund in?
ClearBridge MLP and Midstream Total Return Fund is in the Financial Services sector
What industry is ClearBridge MLP and Midstream Total Return Fund in?
ClearBridge MLP and Midstream Total Return Fund is in the Asset Management industry
What country is ClearBridge MLP and Midstream Total Return Fund from?
ClearBridge MLP and Midstream Total Return Fund is headquartered in United States
When did ClearBridge MLP and Midstream Total Return Fund go public?
ClearBridge MLP and Midstream Total Return Fund initial public offering (IPO) was on 03 August 2012
What is ClearBridge MLP and Midstream Total Return Fund website?
https://individualinvestor.myleggmason.com/portal/server.pt?open=512&objID=1434&cached=true&mode=2&userID=355661&mktcd=CTR
Is ClearBridge MLP and Midstream Total Return Fund in the S&P 500?
No, ClearBridge MLP and Midstream Total Return Fund is not included in the S&P 500 index
Is ClearBridge MLP and Midstream Total Return Fund in the NASDAQ 100?
No, ClearBridge MLP and Midstream Total Return Fund is not included in the NASDAQ 100 index
Is ClearBridge MLP and Midstream Total Return Fund in the Dow Jones?
No, ClearBridge MLP and Midstream Total Return Fund is not included in the Dow Jones index
When was ClearBridge MLP and Midstream Total Return Fund the previous earnings report?
No data
When does ClearBridge MLP and Midstream Total Return Fund earnings report?
Next earnings report date is not announced yet