- ISIN
- US18469P2092
- CUSIP
- 18469P209
- Issuer
- Franklin Templeton
- Inception Date
- Jun 10, 2011
- Category
- MLPs, Energy Equities
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
EMO Performance Chart
ClearBridge Energy Midstream Opportunity Fund (EMO) is up 14.9% since the beginning of the year. EMO is currently trading at $49 per share. Investors who bought $1,000 worth of EMO shares 5 years ago would now be looking at an investment worth $3,210.
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Returns By Period
ClearBridge Energy Midstream Opportunity Fund (EMO) has returned 14.85% so far this year and 18.20% over the past 12 months. Over the last ten years, EMO has returned 7.02% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
ClearBridge Energy Midstream Opportunity Fund
- 1D
- 1.35%
- 1M
- -4.83%
- YTD
- 14.85%
- 6M
- 16.60%
- 1Y
- 18.20%
- 3Y*
- 31.92%
- 5Y*
- 26.27%
- 10Y*
- 7.02%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
EMO Monthly Returns History
Based on dividend-adjusted daily data since Jun 14, 2011, EMO's average daily return is +0.05%, while the average monthly return is +1.22%. At this rate, an investment would double in approximately 4.8 years.
Historically, 60% of months were positive and 40% were negative. The best month was Apr 2020 with a return of +90.0%, while the worst month was Mar 2020 at -79.2%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 5 months.
On a daily basis, EMO closed higher 51% of trading days. The best single day was Mar 20, 2020 with a return of +36.3%, while the worst single day was Mar 18, 2020 at -51.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 9.69% | 7.22% | 2.78% | -1.29% | -3.63% | -0.12% | 14.85% | ||||||
| 2025 | 6.81% | 0.62% | 1.24% | -7.37% | 2.43% | 4.34% | 0.56% | 2.50% | -5.06% | -4.46% | 7.90% | -1.17% | 7.38% |
| 2024 | 2.78% | 5.54% | 9.20% | -0.05% | 5.59% | -2.32% | -2.60% | 3.68% | 3.94% | 1.52% | 19.55% | -7.14% | 44.45% |
| 2023 | 8.04% | -1.57% | -5.55% | 0.11% | -2.64% | 10.55% | 7.57% | -0.27% | 1.02% | -1.83% | 13.06% | 1.22% | 31.76% |
| 2022 | 14.15% | 3.87% | 10.59% | -2.02% | 10.21% | -21.06% | 19.10% | 3.59% | -12.64% | 21.08% | 2.24% | -6.01% | 40.13% |
| 2021 | 8.94% | 17.96% | 10.34% | 6.00% | 13.72% | 4.25% | -7.46% | 0.10% | 4.20% | 9.89% | -8.35% | 0.88% | 74.70% |
Benchmark Metrics
ClearBridge Energy Midstream Opportunity Fund has an annualized alpha of -1.42%, beta of 0.99, and R2 of 0.20 versus S&P 500 Index. Calculated based on daily prices since June 14, 2011.
- This fund participated in 162.74% of S&P 500 Index downside but only 126.85% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.20 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- -1.42%
- Beta
- 0.99
- R²
- 0.20
- Upside Capture
- 126.85%
- Downside Capture
- 162.74%
Expense Ratio
EMO has a high expense ratio of 13.90%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
EMO ranks 18 for risk / return — in the bottom 18% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for ClearBridge Energy Midstream Opportunity Fund (EMO) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EMO | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.94 | ||
| Sortino ratioReturn per unit of downside risk | -1.13 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.37 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.68 | 2.78 | -1.10 |
| Martin ratioReturn relative to average drawdown | 3.56 | 12.44 | -8.88 |
Dividends
Dividend History
ClearBridge Energy Midstream Opportunity Fund provided a 8.69% dividend yield over the last twelve months, with an annual payout of $4.30 per share. The fund has been increasing its distributions for 4 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $4.30 | $4.20 | $3.26 | $2.32 | $1.88 | $1.43 | $2.08 | $4.51 | $6.27 | $6.27 | $6.27 | $7.37 |
Dividend yield | 8.69% | 9.41% | 7.16% | 6.79% | 6.71% | 6.71% | 15.82% | 10.94% | 16.39% | 10.85% | 9.76% | 11.88% |
Monthly Dividends
The table displays the monthly dividend distributions for ClearBridge Energy Midstream Opportunity Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.36 | $0.36 | $0.36 | $0.36 | $0.36 | $0.00 | $1.80 | ||||||
| 2025 | $0.32 | $0.32 | $0.35 | $0.35 | $0.35 | $0.35 | $0.35 | $0.35 | $0.36 | $0.36 | $0.36 | $0.36 | $4.20 |
| 2024 | $0.00 | $0.66 | $0.00 | $0.00 | $0.66 | $0.00 | $0.00 | $0.66 | $0.32 | $0.32 | $0.32 | $0.32 | $3.26 |
| 2023 | $0.00 | $0.52 | $0.00 | $0.00 | $0.53 | $0.00 | $0.00 | $0.64 | $0.00 | $0.00 | $0.64 | $0.00 | $2.32 |
| 2022 | $0.00 | $0.38 | $0.00 | $0.00 | $0.49 | $0.00 | $0.00 | $0.50 | $0.00 | $0.00 | $0.51 | $0.00 | $1.88 |
| 2021 | $0.00 | $0.32 | $0.00 | $0.00 | $0.37 | $0.00 | $0.00 | $0.37 | $0.00 | $0.00 | $0.37 | $0.00 | $1.43 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the ClearBridge Energy Midstream Opportunity Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the ClearBridge Energy Midstream Opportunity Fund was 95.06%, occurring on Mar 18, 2020. Recovery took 1215 trading sessions.
The current ClearBridge Energy Midstream Opportunity Fund drawdown is 7.40%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -95.06%Mar 2020 | 5y 6mo | 4y 10mo | 10y 4moSep 2014 - Jan 2025 |
2011 bear market2011 | -22.28%Oct 2011 | 2mo 8d | 4mo 9d | 6mo 17dJul 2011 - Feb 2012 |
2025 selloff2025 | -18.81%Apr 2025 | 5d | 4mo 23d | 4mo 28dApr 2025 - Aug 2025 |
2012 correction2012 | -13.19%Nov 2012 | 1mo 11d | 1mo 18d | 2mo 29dOct 2012 - Jan 2013 |
2013 correction2013 | -11.04%Jun 2013 | 8d | 11mo 6d | 11mo 14dMay 2013 - May 2014 |
Drawdown Indicators
| EMO | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.06% | -56.78% | -38.28% |
Max Drawdown (1Y)Largest decline over 1 year | -10.87% | -9.10% | -1.77% |
Max Drawdown (3Y)Largest decline over 3 years | -18.81% | -18.90% | +0.09% |
Max Drawdown (5Y)Largest decline over 5 years | -28.59% | -25.43% | -3.16% |
Max Drawdown (10Y)Largest decline over 10 years | -93.02% | -33.92% | -59.10% |
Current DrawdownCurrent decline from peak | -7.40% | -1.80% | -5.60% |
Average DrawdownAverage peak-to-trough decline | -31.88% | -10.71% | -21.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.13% | 2.03% | +3.10% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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