Miller/Howard High Income Equity Fund:HIE

    Manage Alerts

    Overview

    As of 6/29/2022

     Share
    Price
    NAVPremium/
    Discount
    Current$9.52$10.32-7.75%
    52 Wk Avg$10.36$11.21-7.50%
    52 Wk High$11.46$12.51-4.14%
    52 Wk Low$9.00$9.99-11.47%
    Regular Distribution TypeIncome Only
    Distribution Rate6.05%
    Distribution Amount$0.0480
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The Fund’s primary investment objective is to seek a high level of current income. As a secondary objective the Fund seeks capital appreciation when consistent with its primary investment objective. There can be no assurance that the Fund will achieve its investment objectives. The Fund will attempt to achieve its investment objectives by investing, under normal market conditions, at least 80% of its total assets in dividend or distribution paying equity securities of U.S. companies and non-U.S. companies traded on U.S. exchanges.

    Capital Structure

    As of 6/29/2022

    Total Investment Exposure:$243.388M
    Total Common Assets:$192.888M
    Common Shares Outstanding:18,690,675
    Leverage

    As of 6/29/2022

    Preferred Share Assets:
    Total Debt (USD): $50.500M
    Regulatory Leverage (USD):
    Effective Leverage (USD): $50.500M
    Effective Leverage (%): 20.75%
    Annual Expense Ratios

    As of 10/31/2021

      Per Common Share
    Management Fees1.25%
    Other Expenses:0.74%
    Baseline Expense: N/A
    Interest Expense:0.21%
    Total: 2.19%
    Fund Management

    Fund Sponsor
    Miller/Howard Investments, Inc.

    Portfolio Managers
    Michael Roomberg, Adam Fackler, John E. Leslie, Gregory Glaser Powell, Bryan J. Spratt

    Basics
    Category: Equity-U.S. Equity
    Ticker: HIE
    NAV Ticker: XHIEX
    Average Daily Volume (shares): 57,428
    Average Daily Volume (USD): $0.592M
    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 6/29/2022

    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 10/31/2021
    $0.1624
    Annualized Distribution Rate on NAV:
    As of 6/29/2022
    5.58%
    Total Return on NAV (12 months):
    As of 6/29/2022
    9.32%
    Total % Portfolio Effectively Leveraged:
    As of 6/29/2022
    20.75%

    Pricing Information

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

    As of 6/30/2022

    PeriodAvg Discount
    6 Month-8.12%
    1 Year-7.50%
    3 Year-5.53%
    5 Year-2.23%
    Z-Score

    As of 6/29/2022

    PeriodZStat
    3 Month1.01
    6 Month0.98
    1 Year-0.13
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 5/31/2022
    Category: Morningstar US CEF US Equity

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD6.33%9.17%-13.24%-12.67%
    202141.32%34.46%31.33%22.95%
    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 5/31/2022
    Category: Morningstar US CEF US Equity

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Number of Holdings:
    As of 4/30/2022
    41
    Annual Portfolio Turnover:
    As of 10/31/2021
    155.00%
    Asset Allocation

    As of 4/30/2022

    Top Sectors

    As of 4/30/2022

    Sector%Portfolio
    Sensitive (Super Sector)38.24%
    Cyclical (Super Sector)37.84%
    Energy28.66%
    Defensive (Super Sector)22.15%
    Consumer Cyclical17.79%
    Healthcare12.00%
    Financial Services10.73%
    Consumer Defensive10.15%
    Real Estate6.36%
    Technology5.69%
    Top Holdings

    As of 4/30/2022

    HoldingValue% Portfolio
    Energy Transfer LP$12.19M4.63%
    Altria Group Inc$11.11M4.22%
    TotalEnergies SE ADR$10.72M4.07%
    TC Energy Corp$10.58M4.02%
    Shell PLC ADR (Representing - Ordinary Shares)$10.15M3.85%
    Cardinal Health Inc$9.75M3.70%
    M.D.C. Holdings Inc$9.04M3.43%
    Ralph Lauren Corp Class A$8.61M3.27%
    Brandywine Realty Trust$8.46M3.21%
    Lamar Advertising Co Class A$8.28M3.14%
    Country Allocation

    As of 4/30/2022

    Country% Portfolio
    United States - Equity79.13%
    United Kingdom - Equity10.98%
    France - Equity4.07%
    Canada - Equity4.02%

    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-2036301PR-E0222X