ClearBridge MLP and Midstream TR:CTR

    Manage Alerts

    Overview

    As of 10/23/2020

     Share
    Price
    NAVPremium/
    Discount
    Current$11.61$15.50-25.10%
    52 Wk Avg$22.91$26.90-17.56%
    52 Wk High$46.10$51.302.57%
    52 Wk Low$3.50$5.70-43.79%
    Regular Distribution TypeIncome Only
    Distribution Rate13.78%
    Distribution Amount$0.4000
    Distribution FrequencyQuarterly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The Fund seeks to achieve its objective by investing primarily in energy MLPs and energy midstream entities. Under normal market conditions, the Fund will invest at least 80% of its Managed Assets in energy MLPs and energy midstream entities Energy entities include those engaged in business activities related to natural gas, natural gas liquids, crude oil, refined petroleum products or coal. The Funds managers will focus primarily on energy-related MLPs with higher distribution growth rates since they believe that distribution growth is the primary driver for MLP investment capital growth.

    Capital Structure

    As of 10/23/2020

    Total Investment Exposure:$157.588M
    Total Common Assets:$119.501M
    Common Shares Outstanding:7,680,028
    Leverage

    As of 10/22/2020

    Preferred Share Assets: $10.892M
    Total Debt (USD): $27.195M
    Regulatory Leverage (USD): $38.087M
    Effective Leverage (USD): $38.087M
    Effective Leverage (%): 24.17%
    Annual Expense Ratios

    As of 11/30/2019

      Per Common Share
    Management Fees1.48%
    Other Expenses:0.35%
    Baseline Expense: N/A
    Interest Expense:1.63%
    Total: 3.45%
    Fund Management

    Fund Sponsor
    Legg Mason

    Portfolio Managers
    Peter Vanderlee, Chris Eades, Michael Clarfeld, Richard A. Freeman

    Basics
    Category: Equity-MLP
    Ticker: CTR
    NAV Ticker: XCTRX
    Average Daily Volume (shares): 61,554
    Average Daily Volume (USD): $1.242M
    Inception Date: 6/27/2012
    Inception Share Price: $20.00
    Inception NAV: $19.06
    Tender Offer: No
    Term: No
    Fiscal Year End: November 30
    Third Party Links & Reports

    Distributions

    As of 10/23/2020

    Past performance is no guarantee of future results.
    Distribution History

    Enter declared start and end dates to display distribution history below. Income, Long Gain, Short Gain and ROC breakdowns will only be shown for the past year.

    Declared Date Payable Date Ex Date Distrib Amount Income Long Gain Short Gain ROC

    *Indicates a Special Distribution: A distribution disbursed in addition to the normal distributions paid out by the company.

    Key Information Regarding Distributions
    Avg. Earnings Per Share:
    As of 5/31/2020
    -$0.5401
    Annualized Distribution Rate on NAV:
    As of 10/23/2020
    10.32%
    Total Return on NAV (12 months):
    As of 10/23/2020
    -70.96%
    Total % Portfolio Effectively Leveraged:
    As of 10/23/2020
    24.17%

    Pricing Information

    Premium/Discount Information
    Past performance is no guarantee of future results.
    Premium/Discount Information

    As of 10/23/2020

    PeriodAvg Discount
    6 Month-21.98%
    1 Year-17.56%
    3 Year-11.60%
    5 Year-9.74%
    Z-Score

    As of 10/23/2020

    PeriodZStat
    3 Month-0.87
    6 Month-1.20
    1 Year-1.20
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 9/30/2020
    Category: Morningstar US CEF MLP

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD-74.68%-70.75%-71.32%-65.59%
    201921.63%19.70%16.44%13.89%
    2018-25.55%-21.44%-22.39%-17.44%
    2017-0.20%-5.17%-0.56%-5.69%
    201614.98%17.83%34.69%33.32%
    2015-37.70%-38.44%-44.89%-43.81%
    20142.78%7.45%4.21%6.36%
    201322.75%27.52%20.35%29.71%
    Past performance is no guarantee of future results.
    Annualized Total Returns

    Returns for periods less than one year are cumulative rather than annualized

    As of 9/30/2020
    Category: Morningstar US CEF MLP

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Number of Holdings:
    As of 8/31/2020
    30
    Annual Portfolio Turnover:
    As of 11/30/2019
    28.00%
    Asset Allocation

    As of 8/31/2020 reported by Fund Sponsor

    Top Sectors

    As of 8/31/2020 reported by Fund Sponsor

    Sector%Portfolio
    Energy93.67%
    Sensitive (Super Sector)93.67%
    Cash Equivalents3.70%
    Cash Equivalents (Super Sector)3.70%
    Utilities2.63%
    Defensive (Super Sector)2.63%
    Top Holdings

    As of 8/31/2020 reported by Fund Sponsor

    HoldingValue% Portfolio
    Enterprise Products Partners LP$13.62M7.85%
    MPLX LP Partnership Units$9.94M5.73%
    Energy Transfer LP$9.48M5.46%
    Magellan Midstream Partners LP$9.13M5.26%
    Delek Logistics Partners LP$8.89M5.13%
    Targa Resources Corp$8.77M5.06%
    Williams Companies Inc$8.51M4.90%
    Enable Midstream Partners LP$8.33M4.80%
    BP Midstream Partners LP$7.50M4.32%
    Enbridge Inc$6.69M3.86%
    Country Allocation

    As of 8/31/2020 reported by Fund Sponsor

    Country% Portfolio
    United States - Equity91.64%
    Canada - Equity3.86%
    Brazil - Equity0.81%

    Closed-end fund historical distribution sources have included net investment income, realized gains, and return of capital. For more detailed information on the distributions of a specific fund, please visit the sponsor's website.

    NOTES:

    Distribution type sourced from Morningstar. For specific information about a fund's distribution sources, visit the fund sponsor's website.

    The following information applies to closed-end funds in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

    EWB-1014244PR-E1119W