ClearBridge Energy MLP Total Return Fund Inc. Portfolio Composition as of December 31, 2012
ClearBridge Energy MLP Total Return Fund Inc. Portfolio Composition as of December 31, 2012
NEW YORK--(BUSINESS WIRE)-- ClearBridge Energy MLP Total Return Fund Inc. (NYS: CTR) announces its portfolio composition as of December 31, 2012.
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 | 34.7% | ||
Diversified Energy Infrastructure | 29.3% | ||
Liquids Transportation & Storage | 18.1% | ||
Shipping | 4.2% | ||
Exploration & Production | 3.9% | ||
Propane | 3.5% | ||
Natural Gas Transportation & Storage | 2.9% | ||
Global Infrastructure | 1.6% | ||
Cash | 1.7% | ||
Top 10 Holdings | |||
Kinder Morgan Management LLC SHS | 7.2% | ||
Plains All American Pipeline LP | 6.5% | ||
MarkWest Energy Partners LP | 6.5% | ||
Enterprise Product Partners LP | 6.0% | ||
Copano Energy LLC | 5.3% | ||
Williams Partners LP | 4.9% | ||
Access Midstream Partners LP | 4.9% | ||
Energy Transfer Equity LP | 4.8% | ||
EQT Midstream Partners LP | 3.4% | ||
Targa Resources Partners LP | 3.1% | ||
Portfolio Statistics: | |||
Inception Date | June 27, 2012 | ||
Inception Price | $20.00 | ||
Total Assets | $993,967,114 | ||
Net Assets** | $741,057,889 | ||
Loans*** | 24.15% | ||
Preferred Shares*** | 0.00% | ||
Market Price: | $19.05 | ||
NAV | $19.23 | ||
(Daily NAV is available on market quotation systems using the symbol XCTRX.)
Distribution Rate | $ 0.3250 per share**** | ||||
Frequency | Quarterly (declared quarterly, paid quarterly) | ||||
* | Portfolio holdings and weightings are historical and are presented here for | |
** | The difference between total assets and net assets, if any, is due primarily to | |
*** | Percentages are based on total assets. | |
**** | On January 22, 2013 CTR announced it increased the distribution to be paid | |
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.
FN1212940
Media:
ClearBridge Energy MLP Total Return Fund Inc.
Maria Rosati, 1-212-805-6036
mrosati@leggmason.com
KEYWORDS: United States North America New York
INDUSTRY KEYWORDS:
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