ClearBridge MLP and Midstream Fund Inc

Frequently Asked Questions About CEM

What does CEM invest in?

ClearBridge Energy MLP Fund Inc. is a closed-ended equity mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Clearbridge Advisors, LLC. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating in the energy sector. The fund primarily invests in equity securities of MLPs and growth stocks of companies operating across diversified market capitalizations. It employs fundamental analysis with a bottom-up stock selection approach, focusing on companies with long-lived assets, predictable cash flows, and low direct commodity exposure to create its portfolio. ClearBridge Energy MLP Fund Inc. was formed on March 31, 2010 and is domiciled in the United States.

What is the expense ratio of CEM?

ClearBridge MLP and Midstream Fund Inc (CEM) charges an expense ratio of 0.23%. This is the annual fee deducted from fund assets to cover management and operations.

How big is CEM?

ClearBridge MLP and Midstream Fund Inc (CEM) manages $164.2M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is CEM actively managed or an index fund?

CEM's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was CEM launched?

ClearBridge MLP and Midstream Fund Inc (CEM) launched in March 2023 and is managed by Amundi.

How has CEM performed?

CEM's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.