Kayne Anderson MidstreamEnergy:KMF

    Overview

    As of 2/15/2019

     Share
    Price
    NAVPremium/
    Discount
    Current$11.67$13.52-13.68%
    52 Wk Avg$12.22$13.55-9.77%
    52 Wk High$14.17$15.53-2.38%
    52 Wk Low$8.62$9.89-15.95%
    Regular Distribution TypeIncome Only
    Distribution Rate10.50%
    Distribution Amount$0.0750
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The Fund seeks to provide a high level of total return with an emphasis on quarterly distributions by investing at least 80% of its total assets in securities of companies in the Midstream/Energy sector.

    Capital Structure

    As of 2/15/2019

    Total Net Assets:$786.838M
    Total Common Assets:$660.838M
    Common Shares Outstanding:48,878,499
    Leverage

    As of 5/31/2018

    Preferred Share Assets: $35.000M
    Type of Preferred: Mandatory Redemption Preferred share
    Total Debt (USD): $91.000M
    Structural Leverage (USD): $126.000M
    Structural Leverage (%): 28.97%
    Effective Leverage (USD): $126.000M
    Effective Leverage (%): 28.97%
    Annual Expense Ratios

    As of 11/30/2018

      Per Common Share
    Management Fees2.25%
    Other Expenses:0.43%
    Baseline Expense: 2.68%
    Interest Expense:1.49%
    Total: 4.18%
    Fund Management

    Fund Sponsor
    KA Fund Advisors, LLc

    Portfolio Managers
    James C Baker (12 Jan 2018) / J.C. Frey (25 Nov 2010) / Ron M. Logan (18 Jan 2018) / Kevin S McCarthy (25 Nov 2010) / Jody C. Meraz (18 Jan 2018)

    Basics
    Category: US Equity-MLP
    Ticker: KMF
    NAV Ticker: XKMFX
    Average Daily Volume (shares): 166,000
    Average Daily Volume (USD): $1.906M
    Inception Date: 11/24/2010
    Inception Share Price: $25.00
    Inception NAV: $23.83
    Tender Offer: No
    Term: No
    Fiscal Year End: November 30
    Third Party Links & Reports

    Distributions

    As of 2/15/2019

    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
    Annualized Distribution Rate on NAV:
    As of 2/15/2019
    9.06%
    Total Return on NAV (12 months):
    As of 2/15/2019
    -0.57%
    Total % Portfolio Effectively Leveraged:
    As of 2/15/2019
    28.97%

    Pricing Information

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

    As of 2/15/2019

    PeriodAvg Discount
    6 Month-12.88%
    1 Year-9.77%
    3 Year-7.94%
    5 Year-7.90%
    Z-Score

    As of 2/15/2019

    PeriodZStat
    3 Month-0.30
    6 Month-0.70
    1 Year-1.10
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 2/15/2019
    Category: MLP

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD22.56%28.19%20.95%20.51%
    2018-23.98%-22.43%-23.39%-18.23%
    2017-5.64%-10.66%1.64%-3.22%
    201641.93%56.27%28.22%27.39%
    2015-57.49%-59.88%-44.62%-42.76%
    20144.48%2.93%1.25%4.60%
    201326.39%38.05%22.98%29.43%
    201222.75%10.23%6.76%3.42%
    20116.59%20.17%4.80%10.85%
    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 2/15/2019
    Category: MLP

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Number of Holdings:
    As of 8/31/2018
    48
    Asset Allocation

    As of 2/28/2018 reported by Fund Sponsor

    Top Sectors

    As of 5/31/2017 reported by Fund Sponsor

    Sector%Portfolio
    MLP 85.80%
    Debt - General 14.08%
    Net Current Assets 0.13%
    Top Holdings

    As of 8/31/2018 reported by Fund Sponsor

    HoldingValue% Portfolio
    ONEOK, Inc.$93.04M20.55%
    Targa Resources Corp$84.10M18.58%
    Williams Companies Inc$79.78M17.62%
    Plains GP Holdings LP Class A$74.86M16.53%
    Enbridge Energy Management LLC$44.74M9.88%
    Kinder Morgan, Inc.$43.65M9.64%
    KNOT Offshore Partners LP$41.15M9.09%
    Pembina Pipeline Corp$40.00M8.83%
    Energy Transfer Partners LP$39.74M8.78%
    GasLog Partners LP$33.57M7.41%
    Tallgrass Energy GP LP$33.40M7.38%
    Country Allocation

    As of 2/28/2018 reported by Fund Sponsor

    Country% Portfolio
    USA 101.16%
    Canada 16.58%
    Monaco 5.63%
    UK 5.39%
    Brazil 4.70%

    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.

    485923-INV-AN-5/19