Investment Objective: The Fund seeks to provide a high level of total return, consisting of cash distributions and capital appreciation.
Investment Strategy: Under normal market conditions, the Fund invests at least 80% of its managed assets in energy master limited partnerships (“MLPs”). Energy entities are engaged in the business of exploring, developing, producing, gathering, transporting, processing, storing, refining, distributing, mining or marketing natural gas, natural gas liquids (including propane), crude oil, refined petroleum products or coal.
Diversified Energy Infrastructure
Liquids Transportation & Storage
Natural Gas Transportation & Storage
Top 10 Holdings
Enterprise Products Partners LP
Markwest Energy Partners W/I M
Plains All Amer Pipeline LP MLP
Targa Resources Partners LP MLP
Kinder Morgan Management LLC
DCP Midstream Partners LP
Energy Transfer Equity LP
Access Midstream Partners LP
Energy Transfer Partners LP
Buckeye Partners LP
Fixed Rate Notes***
|(Daily NAV is available on market quotation systems using the symbol XCTRX.)|
Quarterly (declared quarterly, paid quarterly)
Portfolio holdings and weightings are historical and are presented
here for informational purposes only. They are subject to change
at any time.
The difference between total assets and net assets, if any, is due
primarily to the Fund’s use of borrowings and other liabilities;
net assets do not include borrowings. The Fund may employ leverage
in the form of loans, preferred stock and/or other instruments.
When the Fund engages in transactions that have a leveraging
effect on the Fund’s portfolio, the value of the Fund will be more
volatile and all other risks will tend to be compounded.
Percentages are based on total assets.
An investment in the Fund involves risk, including loss of principal. The Fund's concentration of investments in energy related MLPs subject it to the risks of investing in MLPs and the energy sector. Investment return and the value of shares will fluctuate.
Data and commentary provided in this press release are for informational purposes only. Legg Mason and its affiliates do not engage in selling shares of the Fund.
For more information, please call Investor Relations: 888-777-0102, or consult the Fund’s web site at http://www.lmcef.com.