Miller/Howard High Income Equity Fund:HIE

    Manage Alerts

    Overview

    As of 10/18/2021

     Share
    Price
    NAVPremium/
    Discount
    Current$10.55$11.29-6.55%
    52 Wk Avg$9.14$9.96-8.59%
    52 Wk High$10.76$11.64-4.14%
    52 Wk Low$5.85$6.85-15.36%
    Regular Distribution TypeIncome Only
    Distribution Rate5.46%
    Distribution Amount$0.0480
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The Fund will attempt to achieve its investment objectives by investing, under normal market conditions, at least 80% of its Total Assets (as defined below) in dividend or distribution paying equity securities of U.S. companies and non-U.S. companies traded on U.S. exchanges. The Fund may invest up to15% of its Total Assets in securities of master limited partnerships ('MLPs'), generally in the energy sector.The Fund may write covered put and call options up to a notional amount of 20% of the Fund's Total Assets.

    Capital Structure

    As of 10/18/2021

    Total Investment Exposure:$276.868M
    Total Common Assets:$211.018M
    Common Shares Outstanding:18,690,675
    Leverage

    As of 10/18/2021

    Preferred Share Assets:
    Total Debt (USD): $65.850M
    Regulatory Leverage (USD):
    Effective Leverage (USD): $65.850M
    Effective Leverage (%): 23.78%
    Annual Expense Ratios

    As of 10/31/2020

      Per Common Share
    Management Fees1.23%
    Other Expenses:0.87%
    Baseline Expense: N/A
    Interest Expense:0.30%
    Total: 2.39%
    Fund Management

    Fund Sponsor
    Miller/Howard Investments, Inc.

    Portfolio Managers
    Roger G. Young, John E. Leslie, Gregory Glaser Powell, Bryan J. Spratt

    Basics
    Category: Equity-U.S. Equity
    Ticker: HIE
    NAV Ticker: XHIEX
    Average Daily Volume (shares): 86,500
    Average Daily Volume (USD): $0.770M
    Inception Date: 11/25/2014
    Inception Share Price: $20.00
    Inception NAV: $19.06
    Tender Offer: No
    Term: Yes
    Fiscal Year End: October 31
    Third Party Links & Reports

    Distributions

    As of 10/18/2021

    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 4/30/2021
    $0.1255
    Annualized Distribution Rate on NAV:
    As of 10/18/2021
    5.10%
    Total Return on NAV (12 months):
    As of 10/18/2021
    59.18%
    Total % Portfolio Effectively Leveraged:
    As of 10/18/2021
    23.78%

    Pricing Information

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

    As of 10/19/2021

    PeriodAvg Discount
    6 Month-6.95%
    1 Year-8.59%
    3 Year-3.78%
    5 Year-1.61%
    Z-Score

    As of 10/18/2021

    PeriodZStat
    3 Month-0.54
    6 Month0.26
    1 Year0.84
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 9/30/2021
    Category: Morningstar US CEF US Equity

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD32.87%27.25%22.85%16.55%
    2020-23.51%-13.27%8.80%9.76%
    201933.99%24.67%32.25%27.32%
    2018-13.84%-11.18%-11.89%-10.13%
    201712.15%7.59%22.72%19.06%
    201621.93%12.89%13.79%12.38%
    2015-37.23%-22.91%-7.45%-6.29%
    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 9/30/2021
    Category: Morningstar US CEF US Equity

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Number of Holdings:
    As of 8/31/2021
    42
    Annual Portfolio Turnover:
    As of 10/31/2020
    277.00%
    Asset Allocation

    As of 8/31/2021 reported by Fund Sponsor

    Top Sectors

    As of 8/31/2021 reported by Fund Sponsor

    Sector%Portfolio
    Cyclical (Super Sector)49.48%
    Sensitive (Super Sector)37.67%
    Energy28.88%
    Financial Services24.17%
    Consumer Cyclical13.57%
    Real Estate11.75%
    Defensive (Super Sector)11.22%
    Communication Services6.08%
    Consumer Defensive5.34%
    Healthcare3.54%
    Top Holdings

    As of 8/31/2021 reported by Fund Sponsor

    HoldingValue% Portfolio
    Highwoods Properties Inc$10.28M4.12%
    Brandywine Realty Trust$10.06M4.04%
    Altria Group Inc$10.05M4.03%
    Best Buy Co Inc$9.20M3.69%
    BP PLC ADR$9.05M3.63%
    Cardinal Health Inc$8.82M3.54%
    Energy Transfer LP$8.54M3.42%
    TC Energy Corp$8.31M3.33%
    Cracker Barrel Old Country Store Inc$7.90M3.17%
    AllianceBernstein Holding LP$7.86M3.15%
    Country Allocation

    As of 8/31/2021 reported by Fund Sponsor

    Country% Portfolio
    United States - Equity80.16%
    Canada - Equity7.87%
    United Kingdom - Equity7.62%
    France - Equity2.70%

    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.

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