ClearBridge Energy MLP Total Return Fund Inc. (NYSE: CTR) announces its portfolio composition as of September 30, 2014.
Investment Objective: The Fund seeks to provide a high level of total return, consisting of cash distributions and capital appreciation.
Investment Strategy: Under normal market conditions, the Fund invests at least 80% of its managed assets in energy master limited partnerships (“MLPs”). Energy entities are engaged in the business of exploring, developing, producing, gathering, transporting, processing, storing, refining, distributing, mining or marketing natural gas, natural gas liquids (including propane), crude oil, refined petroleum products or coal.
Portfolio Composition:* | ||
Gathering/Processing | 38.3% | |
Diversified Energy Infrastructure | 30.8% | |
Liquids Transportation & Storage | 21.9% | |
Shipping | 4.4% | |
Natural Gas Transportation & Storage | 1.9% | |
Propane | 1.8% | |
Refining | 0.6% | |
Cash | 0.4% | |
Top 10 Holdings | ||
| Enterprise Products Partners LP | 6.6% | |
| Markwest Energy Partners W/I M | 6.6% | |
| Targa Resources Partners LP MLP | 5.7% | |
| Plains All Amer Pipeline LP MLP | 5.6% | |
| Kinder Morgan Management LLC | 5.2% | |
| Energy Transfer Equity LP | 3.9% | |
| Access Midstream Partners LP | 3.6% | |
| Energy Transfer Partners LP | 3.6% | |
| Enbridge Energy Partners LP | 3.5% | |
| DCP Midstream Partners LP | 3.0% | |
Portfolio Statistics: | ||
Inception Date | June 27, 2012 | |
Inception Price | $20.00 | |
Total Assets | $1,489,986,139 | |
Net Assets** | $1,003,613,152 | |
Loans*** | 5.37% | |
Fixed Rate Notes*** | 12.08% | |
Reverse Repos*** | 0.0% | |
Preferred Shares*** | 0.0% | |
Market Price: | $23.04 | |
NAV | $26.20 | |
| (Daily NAV is available on market quotation systems using the symbol XCTRX.) | ||
Distribution Rate | $ 0.3300 per share | |
Frequency | Quarterly (declared quarterly, paid quarterly) | |
| * | Portfolio holdings and weightings are historical and are presented here for informational purposes only. They are subject to change at any time. | |
| ** | The difference between total assets and net assets, if any, is due primarily to the Fund’s use of borrowings and other liabilities; net assets do not include borrowings. The Fund may employ leverage in the form of loans, preferred stock and/or other instruments. When the Fund engages in transactions that have a leveraging effect on the Fund’s portfolio, the value of the Fund will be more volatile and all other risks will tend to be compounded. | |
| *** | Percentages are based on total assets. | |
ClearBridge Energy MLP Total Return Fund Inc. is a non-diversified, closed-end management investment company which is advised by Legg Mason Partners Fund Advisor, LLC (“LMPFA”) and subadvised by ClearBridge Investments, LLC (“ClearBridge”). LMPFA and ClearBridge are wholly owned subsidiaries of Legg Mason, Inc. (“Legg Mason”).
An investment in the Fund involves risk, including loss of principal. The Fund's concentration of investments in energy related MLPs subject it to the risks of investing in MLPs and the energy sector. Investment return and the value of shares will fluctuate.
Data and commentary provided in this press release are for informational purposes only. Legg Mason and its affiliates do not engage in selling shares of the Fund.
For more information, please call Investor Relations: 888-777-0102, or consult the Fund’s web site at http://www.lmcef.com.
Contacts:
Maria Rosati, 1-212-805-6036
mrosati@leggmason.com
