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ClearBridge MLP and Midstream Fund (CEM)

Specialty Equity Funds - MLP Funds

Data as of June 20, 2024
Market Price $45.01 (- $2.50)
NAV (June 20, 2024) $49.60 (+ $0.31)
Fund Listed NYSE
Premium / Discount -9.25% (-5.64%)
Fund Info
Inception June 25, 2010
Website https://www.franklinte...
Phone 1-888-777-0102
Location New York
Incorporated Maryland (Subject to the Maryland Act)
Staggered Board Yes
Term Date N/A
Objective: High total return emphasis on cash distributions; energy MLPs
Related Indexes
15 Major CEF Sectors Index
Equity Income Index
60/40 Balanced (w/ BDCs) Index
Master Limited Partnership (MLP) Fund Index
All Sector Equity CEF Index
Alternative Income Index
Capital & Leverage
Outstanding Shares 13,294,195
Total Assets (Reported: Nov. 30, 2023) $853M
Estimated Total Assets $763M
Net Assets $659M
Market Cap $598M
Portfolio Turnover 27.00%
Total Leverage 13.61%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 4.50%
Non Lev Exp Ratio 1.82%
Rel Lev Cost 13.60%
Discount Data
Average Discount (3 Yr) -14.20%
Discount Low(3 Yr) -21.41%
Discount High(3 Yr) -3.49%
Discount Rel Range (3 Yr) 67.83%
Comp Discount 1.79
Discount St Dev (1Yr) 3.93
Z-Stat (6mo) -1.27
Z-Stat (1Yr) 0.40
Z-Stat (3Yr) 1.41
Comp Z-Stat (6mo) -1.76
Comp Z-Stat (3Yr) 0.30
Distribution Data
Market Yield 6.84%
Income Yield 6.84%
Lev Adj NAV Yield 5.47%
Distribution Frequency Q
Current Distribution $0.770
Current Income $0.770
Ex-Date 5/22/24
Payable Date 5/31/24
Div Growth (3yr) 60.42%
Dividend Change 20.3% on 7/31/23
Expected Div 7/31/24
RoC (1yr) 0.00%
RoC (3yr) 2.79%
Tax Dividend Data 2023 2021 - 2023
Income 100% 92.6%
ST Gains 0% 0%
QDI 100% 92.6%
LT Gains 0% 0%
RoC 0% 7.4%
Volume & Liquidity
Average Daily $ (K) $1,361
Avg Volume 30 day 34,331
Avg Volume 90 day 30,238
Volume Trend 13.54%
Comp Volume Trend 15.55%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
Price Correlation (1yr)
vs. CEFA's Master Limited Partnership (MLP) Fund Index
Most Correlated Peer (Mk Pr): CTR 94.0%
NAV - Price Correlation (30 d) 53.9%
NAV - Price Correlation (90 d) 76.0%
NAV - Price Correlation (1 Yr) 97.7%
Price St Dev (1Yr) 19.7%
NAV St Dev (1Yr) 17.7%
Earnings / Share (11/30/23) $-0.121
Earn Coverage 0.00%
Earnings Trend Down
UNII / Share (11/30/23) $-5.534
Rel UNII -179.69
UNII Trend Down
NAV Beta (2yr)
vs. S&P 500 (TR)
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
NAV Beta (2yr)
vs. CEFA's Master Limited Partnership (MLP) Fund Index


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NOTES: Distribution type sourced from CEFdata.com. For specific information about a fund's distribution sources, visit the fund sponsor's website.

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