XCEMX: ClearBridge MLP and Midstream Fund Inc. - MutualFunds.com

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ClearBridge MLP and Midstream

XCEMX - Snapshot

Vitals

  • YTD Return 70.8%
  • 3 Yr Annualized Return -34.3%
  • 5 Yr Annualized Return -24.4%
  • Net Assets $216 M
  • Holdings in Top 10 57.7%

52 WEEK LOW AND HIGH

$20.33
$1.38
$22.04

Expenses

OPERATING RELATED FEES

  • Expense Ratio 3.57%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 33.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) N/A
  • IRA N/A

Fund Classification

  • Primary Theme
  • Fund Type Closed-end mutual fund
  • Investment Style Energy Limited Partnership

Compare XCEMX to Popular MLP Industry Equity Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Alerian MLP ETF

AMLP | ETF

$25.25

+1.04%

$3.21 B

12.65%

$3.16

208.12%

-

$21.28

+0.57%

$1.69 B

4.80%

$1.02

-15.77%

-

$3.12

+0.65%

$1.50 B

17.33%

$0.54

-40.00%

-

$4.42

+0.68%

$1.47 B

13.33%

$0.59

-37.22%

-

$8.36

+0.36%

$1.45 B

4.32%

$0.36

-32.96%

-

XCEMX - Profile

Distributions

  • YTD Total Return 70.8%
  • 3 Yr Annualized Total Return -34.3%
  • 5 Yr Annualized Total Return -24.4%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.88%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    ClearBridge MLP and Midstream Fund Inc.
  • Fund Family Name
    Legg Mason Partners Fund Advisor, LLC
  • Inception Date
    Jun 25, 2010
  • Shares Outstanding
    14082992
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Peter Vanderlee

Fund Description

N/A


XCEMX - Performance

Return Ranking - Trailing

Period XCEMX Return Category Return Low Category Return High Rank in Category (%)
YTD 70.8% -63.6% 326.3% 15.60%
1 Yr -71.9% -87.7% 12.4% 96.48%
3 Yr -34.3%* -51.5% 1.4% 94.20%
5 Yr -24.4%* -37.3% 1.1% 94.40%
10 Yr -10.8%* -26.1% 4.6% 91.89%

* Annualized

Return Ranking - Calendar

Period XCEMX Return Category Return Low Category Return High Rank in Category (%)
2019 7.2% -10.0% 18.9% 32.06%
2018 -25.0% -41.7% -10.9% 80.33%
2017 -9.2% -59.9% -1.4% 28.04%
2016 6.6% -10.3% 459.2% 88.00%
2015 -43.9% -65.1% -1.2% 77.66%

Total Return Ranking - Trailing

Period XCEMX Return Category Return Low Category Return High Rank in Category (%)
YTD 70.8% -63.6% 215.2% 12.06%
1 Yr -71.9% -87.7% 12.4% 96.48%
3 Yr -34.3%* -51.5% 1.4% 94.20%
5 Yr -24.4%* -37.3% 1.1% 94.40%
10 Yr -10.8%* -26.1% 4.6% 91.89%

* Annualized

Total Return Ranking - Calendar

Period XCEMX Return Category Return Low Category Return High Rank in Category (%)
2019 7.2% -87.2% 18.9% 31.30%
2018 -25.0% -83.3% -9.4% 86.07%
2017 -9.2% -59.9% 0.4% 57.01%
2016 6.6% -10.3% 65.5% 95.00%
2015 -43.9% -65.1% -1.2% 80.85%

NAV & Total Return History


XCEMX - Holdings

Concentration Analysis

XCEMX Category Low Category High XCEMX % Rank
Net Assets 216 M 1.04 M 3.21 B 44.37%
Number of Holdings 29 15 154 67.72%
Net Assets in Top 10 198 M 19.9 K 2.49 B 37.01%
Weighting of Top 10 57.73% 35.8% 95.0% 63.56%

Top 10 Holdings

  1. Enterprise Products Partners LP 8.61%
  2. MPLX LP Partnership Units 7.72%
  3. Energy Transfer LP 6.94%
  4. Magellan Midstream Partners LP 6.57%
  5. Williams Companies Inc 6.46%
  6. ONEOK Inc 4.89%
  7. Enbridge Inc 4.50%
  8. JPMorgan 100% US Tr Sec MM Inst 4.28%
  9. Kinder Morgan Inc Class P 4.04%
  10. Targa Resources Corp 3.84%

Asset Allocation

Weighting Return Low Return High XCEMX % Rank
Stocks
95.73% 8.48% 143.97% 87.40%
Cash
4.27% -43.97% 91.52% 10.24%
Preferred Stocks
0.00% 0.00% 11.20% 85.83%
Other
0.00% -49.86% 39.71% 82.68%
Convertible Bonds
0.00% 0.00% 9.17% 85.83%
Bonds
0.00% 0.00% 73.50% 86.61%

Stock Sector Breakdown

Weighting Return Low Return High XCEMX % Rank
Energy
99.08% 16.11% 100.00% 15.75%
Utilities
0.92% 0.00% 56.80% 73.23%
Technology
0.00% 0.00% 18.83% 87.40%
Real Estate
0.00% 0.00% 17.61% 86.61%
Industrials
0.00% 0.00% 7.68% 92.13%
Healthcare
0.00% 0.00% 0.00% 85.83%
Financial Services
0.00% 0.00% 5.84% 86.61%
Communication Services
0.00% 0.00% 4.72% 86.61%
Consumer Defense
0.00% 0.00% 0.00% 85.83%
Consumer Cyclical
0.00% 0.00% 3.95% 86.61%
Basic Materials
0.00% 0.00% 7.05% 89.76%

Stock Geographic Breakdown

Weighting Return Low Return High XCEMX % Rank
US
90.35% 8.48% 143.97% 34.65%
Non US
5.38% 0.00% 47.08% 67.72%

XCEMX - Expenses

Operational Fees

XCEMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 3.57% 0.40% 45.48% 11.63%
Management Fee 1.26% 0.00% 2.64% 91.10%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.04% 0.25% N/A

Sales Fees

XCEMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 4.50% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

XCEMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 2.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

XCEMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 33.00% 13.00% 439.00% 31.50%

XCEMX - Distributions

Dividend Yield Analysis

XCEMX Category Low Category High XCEMX % Rank
Dividend Yield 0.00% 0.00% 20.26% 89.12%

Dividend Distribution Analysis

XCEMX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Monthly Quarterly

Net Income Ratio Analysis

XCEMX Category Low Category High XCEMX % Rank
Net Income Ratio 1.88% -49.00% 5.74% 16.15%

Capital Gain Distribution Analysis

XCEMX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Dividend Payout History

View More +

XCEMX - Fund Manager Analysis

Managers

Peter Vanderlee


Start Date

Tenure

Tenure Rank

Jun 25, 2010

10.36

10.4%

Peter Vanderlee is a Managing Director and Portfolio Manager at ClearBridgeof ClearBridge and has 20 years of industry experience and 11 years of related industry experience. He joined the subadviser or its predecessor in 2005. His investment industry experience includes a senior associate position in the Financial Services and Information Technology Group of Booz & Co. and a senior position as first vice president within the Information Technology Division of Citigroup Inc. Previously, he was with Citigroup Global Markets Inc. (“CGMI”) since 1999. Mr. Vanderlee received his MS in Math/Computer Science from the University of Technology, Eindhoven, Holland and his MBA from New York University’s Leonard N. Stern School of Business. He is a member of the CFA Institute.

Michael Clarfeld


Start Date

Tenure

Tenure Rank

Jun 25, 2010

10.36

10.4%

Michael is a member of the Income Solutions team and co-manages the Dividend Strategy and Energy MLP products. He joined ClearBridge Investments in 2006 as a Research Analyst and was named a Portfolio Manager in 2009. Michael has 20 years of investment industry experience. Prior to joining ClearBridge, Michael served as an Equity Analyst at Hygrove Partners and was a Financial Analyst at Goldman Sachs. He is a member of the CFA Institute and of the New York Society of Security Analysts. Michael received his BA in History from Duke University.

Chris Eades


Start Date

Tenure

Tenure Rank

Jun 25, 2010

10.36

10.4%

Chris Eades Managing Director, Portfolio Manager Experience: 23 years of investment industry experience Joined ClearBridge Investments in 2006 Saranac Capital - Energy Analyst and Portfolio Manager Simmons & Company - Analyst following Energy Exploration and Production companies UBS Warburg - Energy Analyst NatWest Securities - Energy Analyst BA in Economics from Vanderbilt University

Richard Freeman


Start Date

Tenure

Tenure Rank

Jun 25, 2010

10.36

10.4%

Richie co-manages the Aggressive Growth, Multi Cap Growth and All Cap Growth strategies and various Energy MLP Closed-End Funds. He is a member of the ClearBridge Investments Management Committee. He has been fascinated by the stock market since 1966, when at the age of 13 he would sit in a local brokerage firm after school and watch the ticker. Richie has 44 years of investment industry experience. In 1983 Richie joined Shearson American Express, a predecessor organization, as co-manager of an aggressive growth mutual fund. He became a portfolio manager for ClearBridge Multi Cap Growth portfolios in 1991. His prior positions include vice president for trusts and investments at Chemical Bank and vice president of research at Drexel Burnham Lambert. Richie received his BS in Accounting from Brooklyn College, and his MBA in Finance from New York University's Leonard N. Stern School of Business. Richie is a New York baseball enthusiast and enjoys playing golf in his spare time.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.03 16.69 6.39 10.59
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