ClearBridge Energy MLP Fund (CEM)

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ClearBridge Energy MLP (CEM) is another popular closed end fund. This CEF invests mainly in companies of Master Limited Partnerships issued in the energy sector. This equity fund objective is to provide high level of total return. It also has a high yield for income.

CEM Fund Details

    ClearBridge Energy MLP Fund (CEM)
  • Fund Inception Date: 06/25/2010
  • Ticker Symbol: CEM
  • CUSIP: 184692101
  • Rank in category (YTD): 77%
  • Category: US Equity-MLP
  • Distribution: 5.90%
  • Effective Leverage: 20.29%
  • Capital Gains: -
  • Base Expense Ratio: 1.42%
  • Net Assets: $ 2.75 billion
  • Annual Turnover Rate: 21%
  • Exchange: NYSE
This MLP closed end fund is managed Michael Clarfeld , Chris Eades , Richard Freeman, and Peter Vanderlee. It has a high dividend yield of 5.90%. The total expense fee is 2.20% per year. This leveraged fund was introduced to investors in June 2010.
The current share price is $28.00. The fund sponsor is Legg Mason Partners Fund Advisors, LLC.

ClearBridge Energy MLP Fund Return

Morningstar has ranked this TYG Fund with 3 stars rating. In 2014, this MLP sector stock fund has year to date return of 7.44%. It has 3 year average return of 15.16%. The past 4 years performance is as follows:
  • Year 2014: 7.44% (YTD)
  • Year 2013: 25.45%
  • Year 2012: 9.56%
  • Year 2011: 9.14%

CEM Fund Holdings

This closed end fund has 40 holdings in its portfolio. Top 5 stocks are Enterprise Products Partners, L.P., Energy Transfer Equity LP, Kinder Morgan Management, L.L.C., Magellan Midstream Partners L.P., and Plains All American Pipeline LP. Top 3 sectors are MLP (124%), general equity (2.18%), and short term debt (0.89%).

More: Best Performing MLP Closed End Funds

You can buy this fund for your investment account through your stock broker, and online brokerage. Some brokerages that you can use to purchase this CEF are TD Ameritrade, Schwab, eTrade, Merrill Lynch, etc.

Pros:
  • This ClearBridge Energy MLP Fund performance has been fine since 2010.
  • It also has a high yield for income seekers.

Cons:
  • This CEM Fund has a high expense fee.

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