![[Peter Vanderlees avatar]](https://franklintempletonprod.widen.net/content/nsmz0s9e89/webp/Vanderlee_Peter_500x500.png){kind=avatar}
Managed Fund Since 2011
Alternatives
EMO ClearBridge Energy Midstream Opportunity Fund Inc.
Popular Documents
Results of 1-for-3 transferable rights offering
The offering, which expired at 5 pm ET on October 10, 2025, raised $76.8 million by issuing 1.8 million shares at $42.11 per share. Around October 17, 2025, investors who exercised their rights will receive one new share for every three rights. For more information, refer to the press release.
Overview
Fund Facts
Fund description
Provides a portfolio of energy midstream entities including entities structured as both partnerships and corporations. Seeks a high level of total return with an emphasis on cash distributions. Targets MLPs with long-lived assets, predictable cash flows and relatively low direct commodity exposure.
- Fund Inception Date
- 06/13/2011
- Total Net Assets
As of 12/31/2025 (Updated Monthly) - $972.15 Million
- Dividend Frequency, if any
- Monthly
- Morningstar Category
5 - Energy Limited Partnership
- Asset Class
- Alternatives
Identifiers
- Ticker
- EMO
- NAV Symbol
- XEMOX
- CUSIP Code
- 18469P209
Average Annual Total Returns As of 11/30/2025
- -1.28%1 Year
- 23.83%3 Years
- 39.11%5 Years
- 4.51%10 Years
- 3.07%Since Inception
06/10/2011
Performance data quoted represents past performance, which does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the figures shown.
Additional Fund Info
- Listing Exchange
- NYSE - XNYS
- Fiscal Year End
- November 30
- Benchmark
- Alerian MLP Index
- Lipper Classification
- N/A
- Investment Style
- Real Assets
Trading Characteristics
- Shares Outstanding
- 20,014,627
- Daily Volume
- 56,893
Manager
About the Team
ClearBridge Investments
ClearBridge Investments is an active equity manager offering a broad range of strategies across global developed and emerging markets, local markets, and income. ClearBridge manages diversified, high-conviction portfolios through collaborative fundamental research to meet the needs of some of the world's largest asset owners and financial intermediary platforms. We invest as long-term, risk-aware business owners and seek to deliver consistency of process and performance for our clients through market cycles. A focus on durability drives everything we do; from the business models of the companies we own, to the holding periods of our portfolios, to the stability and longevity of our investment professionals.
![[Patrick J McElroys avatar]](https://franklintempletonprod.widen.net/content/imbybvkhae/webp/McElroy_Patrick_500x500.png){kind=avatar}
Managed Fund Since 2023
Latest ClearBridge Insights
January 9, 2026
December 18, 2025
December 12, 2025
December 12, 2025
Performance
Calendar Year Returns
As of 11/30/2025
ClearBridge Energy Midstream Opportunity Fund Inc. - Market Price (%)
ClearBridge Energy Midstream Opportunity Fund Inc. - NAV (%)
Alerian MLP Index (%)
Performance data quoted represents past performance, which does not guarantee future results. Current performance may be lower or higher than the figures shown. Principal value and investment returns will fluctuate, and investors' shares, when redeemed, may be worth more or less than the original cost. Returns based on Market Price or NAV, and assume the reinvestment of all distributions at the Dividend Reinvestment Plan Price or NAV, respectively. Returns include the deduction of management fees, operating expenses and all other fund expenses, and do not reflect the deduction of brokerage commissions or taxes that investors may pay on distributions or the sale of shares. Returns for periods of less than one year are not annualized.
Portfolio
Holdings
As of 11/30/2025 (Updated Monthly)
Targa Resources Corp
Energy Transfer Equity LP
MPLX LP MLP
Williams Cos Inc
WESTERN MIDSTREAM PARTNERS LP
Oneok Inc
Enterprise Products Partners LP
Kinder Morgan, Inc. Class P
Enbridge Inc.
ANTERO MIDSTREAM CORP
Portfolio holdings are based on total portfolio, and are subject to change at any time. Holdings are provided for informational purposes only and should not be construed as a recommendation to purchase or sell any security. Any negative allocations or allocations in excess of 100% are primarily due to unsettled trade activities.
Derivatives, such as options and futures, which can be illiquid, may disproportionately increase losses and have a potentially large impact on Fund performance.
Distributions & Tax
- Distribution Frequency
- MonthlyThis fund is an ex-Dividend fund
Rates and Yields
Distribution Rate
At Net Asset Value (NAV) 8.95%
At Market Price 9.72%
Final composition of the current year’s distribution—income, capital gains and/or return of capital—are based on US tax rules and will be determined by February of the following year. For tax characterization of a distribution, such as return of capital and tax-exempt income, click on the “Tax Information” tab above.
Distributions Per Share
02/20/2026
01/23/2026
Annually, a fund must distribute all realized capital gains net of realized losses, so the fund will not be subject to an entity level income tax. A fund’s capital gain distribution in a particular year may be a result of the disposition of holdings that appreciated in value during prior years. Thus, while the fund may gain or lose value over the course of a year, a capital gain distribution paid by the fund may not be indicative of current performance of the fund.
The distributable amount of net capital gains are paid on a per-share basis to all investors who hold shares of the fund on the record date of the distribution and are recognized by the shareholder for tax purposes as of the ex-date of the distribution, regardless of when the gains or losses arose in the fund. Net gains on holdings held long term by the fund would be distributed to shareholders as a long-term capital gain distribution no matter how long the shareholder has owned shares in the fund.
Refer to the fund’s annual report for specific information regarding distributions.
Pricing
Pricing History
As of 01/08/2026 (Updated Daily)
Daily Fund Prices
As of 01/08/2026
Share Prices
As of 01/08/2026
52-Week Range
- Highest NAV
- $57.45
- Lowest NAV
- $46.08
- Highest Market Price
- $51.16
- Lowest Market Price
- $41.09
Premium / Discount
As of 01/08/2026
- Avg. of Market Price vs. NAV at Close
- -7.95%
Press Releases
01/08/2026
12/31/2025
12/05/2025
12/01/2025
11/20/2025
11/07/2025
11/03/2025
10/16/2025
10/13/2025
10/07/2025
Documents
Fund Literature
| Name | Download | Add to Cart | |
|---|---|---|---|
| Factsheet - ClearBridge Energy Midstream Opportunity Fund Inc. | |||
| Closed-End Funds Product Guide |
Regulatory Documents
| Name | Download | Add to Cart | |
|---|---|---|---|
| Annual Report - Clearbridge Energy Midstream Opportunity Fund Inc | |||
| Semi-Annual Report - Clearbridge Energy Midstream Opportunity Fund Inc | |||
| Policy and Procedures - Audit Committee Charter | |||
| Policy and Procedures - Compensation Committee Charter | |||
| Policy and Procedures - Nominating Committee Charter February 2024 | |||
| Fiscal Q1 Holdings - Clearbridge Energy Midstream Opportunity Fund Inc | |||
| Fiscal Q3 Holdings - Clearbridge Energy Midstream Opportunity Fund Inc |
Risks
All investments involve risks, including possible loss of principal. Investments in energy-related master limited partnerships (MLPs) and midstream entities are subject to risks of declines in energy and commodity prices, decreases in energy demand, adverse weather conditions, natural or other disasters, changes in government regulation, and changes in tax laws. Leverage increases the volatility of investment returns and subjects investments to magnified losses and a decline in value. Derivative instruments can be illiquid, may disproportionately increase losses, and have a potentially large impact on performance. Small- and mid-cap stocks involve greater risks and volatility than large-cap stocks. Liquidity risk exists when securities or other investments become more difficult to sell, or are unable to be sold, at the price at which they have been valued. These and other risks are discussed in the fund’s prospectus.
MLP cash distributions are generally tax deferred. Non-cash expenses, such as depreciation or depletion, usually offset income derived from an MLP’s operations. To the extent that these expenses exceed income, cash distributions are considered return of capital under tax law. As such, they are not taxed when received. Instead, the distribution, in the form of return of capital, reduces a unit holder’s cost basis. This adjusted cost basis, in turn, results in a higher capital gain or lower capital loss when the units are sold. Of course, there can be no assurances that distributions from an MLP will be tax deferred. The fund will be treated as a regular corporation for U.S. federal income tax purposes and, as a result, unlike most investment companies, is subject to corporate income tax to the extent the fund recognizes taxable income. Any taxes paid by the fund will reduce the amount available to pay distributions to investors, and therefore investors in the fund will likely receive lower distributions than if they invested directly in MLPs or midstream entities.
Important Information
The Closed-End Funds are not sold or distributed by Franklin Distributors, LLC. (FD, LLC) or any Franklin Templeton affiliated companies. Unlike open-end funds, shares are not continually offered. Like other public companies, closed-end funds have a one-time initial public offering, and once their shares are first issued, are generally bought and sold through non-affiliated broker/dealers and trade on nationally recognized stock exchanges. Share prices will fluctuate with market conditions and, at the time of sale, may be worth more or less than your original investment. Shares of exchange-traded closed-end funds may trade at a discount or premium to their original offering price, and often trade at a discount to their net asset value. Investment return, market price and net asset value will fluctuate with changes in market conditions. The Funds are subject to investment risks, including the possible loss of principal invested.
Franklin Distributors, LLC. Member FINRA, SIPC. All entities mentioned are Franklin Templeton affiliated companies. Investment Products: NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE.
Reports and other information about the funds are available on the EDGAR Database on the SEC's Internet site at www.sec.gov.
You need Adobe Acrobat Reader to view and print PDF documents. Download a free version from Adobe's website.
Indexes are unmanaged, and one cannot invest directly in an index. They do not reflect any fees, expenses or sales charges.
Important data provider notices and terms available at www.franklintempletondatasources.com.
Performance data quoted represents past performance, which does not guarantee future results.
CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute.
The Alerian MLP Index is a composite of the 50 most prominent energy master limited partnerships (MLPs) and is calculated using a float-adjusted, capitalization-weighted methodology.
Source: Alerian.
All entities mentioned are Franklin Templeton affiliated companies. Investment Products: NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE.