Kayne Anderson MLP/Midstream:KYN

    Manage Alerts

    Overview

    As of 9/22/2021

     Share
    Price
    NAVPremium/
    Discount
    Current$7.92$8.87-10.71%
    52 Wk Avg$6.98$8.03-13.65%
    52 Wk High$9.30$10.00-5.82%
    52 Wk Low$3.74$5.23-26.23%
    Regular Distribution TypeIncome Only
    Distribution Rate8.84%
    Distribution Amount$0.1750
    Distribution FrequencyQuarterly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The investment objective is to obtain a high after-tax total return by investing at least 85% of our total assets including borrowings in energy-related master limited partnerships (MLPs) and their affiliates and in other companies that, as their principal business, operate assets used in the gathering, transporting, processing, storing, refining, distributing, mining or marketing natural gas, natural gas liquids, crude oil, refined petroleum products or coal.

    Capital Structure

    As of 9/22/2021

    Total Investment Exposure:$1,449.423M
    Total Common Assets:$1,121.590M
    Common Shares Outstanding:126,447,554
    Leverage

    As of 9/22/2021

    Preferred Share Assets: $101.670M
    Total Debt (USD): $226.163M
    Regulatory Leverage (USD): $327.833M
    Effective Leverage (USD): $327.833M
    Effective Leverage (%): 22.62%
    Annual Expense Ratios

    As of 11/30/2020

      Per Common Share
    Management Fees2.31%
    Other Expenses:N/A
    Baseline Expense: N/A
    Interest Expense:2.20%
    Total: 0.00%
    Fund Management

    Fund Sponsor
    Kayne Anderson

    Portfolio Managers
    James C Baker, John C. Frey, Kevin McCarthy

    Basics
    Category: Equity-MLP
    Ticker: KYN
    NAV Ticker: XKYNX
    Average Daily Volume (shares): 814,357
    Average Daily Volume (USD): $5.217M
    Inception Date: 9/28/2004
    Inception Share Price: $25.00
    Inception NAV: $23.70
    Tender Offer: No
    Term: No
    Fiscal Year End: November 30
    Third Party Links & Reports

    Distributions

    As of 9/22/2021

    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 5/31/2021
    $0.2819
    Annualized Distribution Rate on NAV:
    As of 9/22/2021
    7.89%
    Total Return on NAV (12 months):
    As of 9/22/2021
    56.04%
    Total % Portfolio Effectively Leveraged:
    As of 9/22/2021
    22.62%

    Pricing Information

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

    As of 9/23/2021

    PeriodAvg Discount
    6 Month-11.24%
    1 Year-13.65%
    3 Year-11.55%
    5 Year-6.70%
    Z-Score

    As of 9/22/2021

    PeriodZStat
    3 Month0.00
    6 Month0.28
    1 Year0.78
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 8/31/2021
    Category: Morningstar US CEF MLP

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD43.54%31.51%49.70%37.31%
    2020-53.10%-48.52%-61.07%-56.46%
    201911.51%16.15%16.44%13.89%
    2018-19.25%-14.72%-22.39%-17.44%
    20177.59%2.88%-0.56%-5.69%
    201628.72%28.69%34.69%33.32%
    2015-50.38%-43.19%-44.89%-43.81%
    20142.46%4.69%4.21%6.36%
    201342.29%35.86%20.35%29.71%
    20126.27%3.92%9.61%3.27%
    20113.52%13.16%4.04%11.83%
    201035.89%37.57%27.29%32.96%
    200971.05%83.67%102.46%75.45%
    2008-40.04%-51.73%  
    2007-5.51%8.20%  
    200644.91%26.25%  
    20053.25%8.78%  
    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 8/31/2021
    Category: Morningstar US CEF MLP

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Number of Holdings:
    As of 5/31/2021
    49
    Annual Portfolio Turnover:
    As of 11/30/2020
    34.85%
    Asset Allocation

    As of 5/31/2021 reported by Fund Sponsor

    Top Sectors

    As of 5/31/2021 reported by Fund Sponsor

    Sector%Portfolio
    Energy112.73%
    Sensitive (Super Sector)112.73%
    Defensive (Super Sector)20.22%
    Utilities20.22%
    Corporate (Super Sector)2.18%
    Preferred Stock2.18%
    Cyclical (Super Sector)1.15%
    Basic Materials1.04%
    Cash Equivalents0.23%
    Cash Equivalents (Super Sector)0.23%
    Top Holdings

    As of 5/31/2021 reported by Fund Sponsor

    HoldingValue% Portfolio
    MPLX LP Partnership Units$207.77M18.00%
    Enterprise Products Partners LP$152.97M13.25%
    Energy Transfer LP$141.68M12.27%
    Targa Resources Corp$122.83M10.64%
    Williams Companies Inc$105.45M9.13%
    Western Midstream Partners LP$86.22M7.47%
    Plains All American Pipeline LP$75.69M6.56%
    Magellan Midstream Partners LP$58.51M5.07%
    ONEOK Inc$55.82M4.84%
    Other Liability$-423.88M-36.71%
    Credit Quality

    As of 5/31/2021 reported by Fund Sponsor

    Country Allocation

    As of 5/31/2021 reported by Fund Sponsor

    Country% Portfolio
    United States - Equity119.17%
    Canada - Equity9.55%
    United Kingdom - Equity3.05%
    Portugal - Equity0.79%
    Spain - Equity0.61%
    Italy - Equity0.60%
    Denmark - Equity0.31%

    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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