ClearBridge Energy Midstream Opportunity Fund Inc

Frequently Asked Questions About EMO

What does EMO invest in?

The ClearBridge Energy MLP Opportunity Fund Inc. is a U.S.-domiciled, closed-end equity mutual fund, established on April 5, 2011. It operates under the primary management of Legg Mason Partners Fund Advisor, LLC, with ClearBridge Investments, LLC serving as co-manager. The fund directs its investments towards the public equity markets of the United States, concentrating on the energy sector. Its core strategy involves acquiring equity securities of Master Limited Partnerships (MLPs) that operate within the infrastructure of crude oil, natural gas liquids, and refined products. To build its portfolio, the fund prioritizes companies exhibiting long-lasting assets, consistent cash flow generation, and limited direct exposure to commodity price volatility.

What is the expense ratio of EMO?

ClearBridge Energy Midstream Opportunity Fund Inc (EMO) charges an expense ratio of 3.12%. This is the annual fee deducted from fund assets to cover management and operations.

How big is EMO?

ClearBridge Energy Midstream Opportunity Fund Inc (EMO) has a market value of $1.04B: its share price times its shares outstanding. A closed-end fund trades above or below its net asset value, so its net assets differ from this figure. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

Is EMO actively managed or an index fund?

EMO is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (EMO's is 3.12%) in exchange for the discretion to over- or under-weight positions.

When was EMO launched?

ClearBridge Energy Midstream Opportunity Fund Inc (EMO) launched in June 2011 and is managed by ClearBridge.

How has EMO performed?

EMO'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.