XKYNX: Kayne Anderson MLP/Midstream Investment Company - MutualFunds.com

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Kayne Anderson MLP/Midstream

XKYNX - Snapshot

Vitals

  • YTD Return -62.6%
  • 3 Yr Annualized Return -25.2%
  • 5 Yr Annualized Return -14.6%
  • Net Assets $675 M
  • Holdings in Top 10 72.3%

52 WEEK LOW AND HIGH

$5.61
$3.20
$15.81

Expenses

OPERATING RELATED FEES

  • Expense Ratio 4.50%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 22.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) N/A
  • IRA N/A

Fund Classification

  • Primary Theme
  • Fund Type Closed-end mutual fund
  • Investment Style Energy Limited Partnership

Compare XKYNX to Popular MLP Industry Equity Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Alerian MLP ETF

AMLP | ETF |

$21.74

+1.40%

$3.01 B

18.07%

$3.88

153.65%

0.85%

$20.27

+0.65%

$1.69 B

4.69%

$0.95

-20.91%

0.95%

$2.70

+1.50%

$1.49 B

25.65%

$0.68

-48.08%

1.24%

$3.83

+1.06%

$1.49 B

18.62%

$0.71

-45.60%

0.95%

$7.48

+1.22%

$1.46 B

6.36%

$0.47

-40.02%

0.93%

XKYNX - Profile

Distributions

  • YTD Total Return -62.6%
  • 3 Yr Annualized Total Return -25.2%
  • 5 Yr Annualized Total Return -14.6%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio -1.60%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Kayne Anderson MLP/Midstream Investment Company
  • Fund Family Name
    Kayne Anderson
  • Inception Date
    Sep 28, 2004
  • Shares Outstanding
    126447554
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    John Frey

Fund Description

N/A


XKYNX - Performance

Return Ranking - Trailing

Period XKYNX Return Category Return Low Category Return High Rank in Category (%)
YTD -62.6% -87.8% 346.9% 94.37%
1 Yr -62.4% -88.9% 6.6% 91.61%
3 Yr -25.2%* -53.0% -0.2% 87.05%
5 Yr -14.6%* -35.9% 2.2% 85.48%
10 Yr -6.2%* -25.7% 4.6% 84.85%

* Annualized

Return Ranking - Calendar

Period XKYNX Return Category Return Low Category Return High Rank in Category (%)
2019 6.2% -87.2% 18.9% 33.33%
2018 -23.6% -83.3% -10.9% 72.36%
2017 -6.9% -59.9% -1.4% 22.22%
2016 13.2% -10.3% 459.2% 57.43%
2015 -48.2% -65.1% -1.2% 87.37%

Total Return Ranking - Trailing

Period XKYNX Return Category Return Low Category Return High Rank in Category (%)
YTD -62.6% -87.8% 182.8% 93.66%
1 Yr -62.4% -88.9% 6.6% 91.61%
3 Yr -25.2%* -53.0% -0.2% 87.05%
5 Yr -14.6%* -35.9% 2.2% 85.48%
10 Yr -6.2%* -25.7% 4.6% 84.85%

* Annualized

Total Return Ranking - Calendar

Period XKYNX Return Category Return Low Category Return High Rank in Category (%)
2019 6.2% -87.2% 18.9% 33.33%
2018 -23.6% -83.3% -9.4% 82.93%
2017 -6.9% -59.9% 0.4% 34.26%
2016 13.2% -10.3% 65.5% 80.20%
2015 -48.2% -65.1% -1.2% 90.53%

NAV & Total Return History


XKYNX - Holdings

Concentration Analysis

XKYNX Category Low Category High XKYNX % Rank
Net Assets 675 M 1.04 M 3.01 B 21.28%
Number of Holdings 39 15 154 29.13%
Net Assets in Top 10 949 M 167 K 2.35 B 11.02%
Weighting of Top 10 72.34% 35.8% 87.1% 26.27%

Top 10 Holdings

  1. MPLX LP Partnership Units 12.06%
  2. Enterprise Products Partners LP 11.93%
  3. Energy Transfer LP 9.42%
  4. Williams Companies Inc 9.03%
  5. Magellan Midstream Partners LP 5.76%
  6. Plains All American Pipeline LP 5.64%
  7. Targa Resources Corp 5.19%
  8. Shell Midstream Partners LP 4.62%
  9. Phillips 66 Partners LP 4.35%
  10. JPMorgan 100% US Tr Sec MM Capital 4.32%

Asset Allocation

Weighting Return Low Return High XKYNX % Rank
Stocks
94.56% 20.46% 145.34% 85.16%
Cash
4.50% -45.34% 79.54% 11.02%
Bonds
0.95% 0.00% 64.85% 13.28%
Preferred Stocks
0.00% 0.00% 10.78% 19.69%
Other
0.00% 0.00% 39.71% 13.39%
Convertible Bonds
0.00% 0.00% 6.00% 4.72%

Stock Sector Breakdown

Weighting Return Low Return High XKYNX % Rank
Energy
98.25% 16.11% 100.00% 24.41%
Utilities
1.75% 0.00% 57.26% 59.06%
Technology
0.00% 0.00% 18.83% 13.39%
Real Estate
0.00% 0.00% 17.61% 10.24%
Industrials
0.00% 0.00% 8.35% 25.20%
Healthcare
0.00% 0.00% 0.00% 4.72%
Financial Services
0.00% 0.00% 2.45% 10.24%
Communication Services
0.00% 0.00% 4.72% 7.87%
Consumer Defense
0.00% 0.00% 0.00% 4.72%
Consumer Cyclical
0.00% 0.00% 3.95% 7.87%
Basic Materials
0.00% 0.00% 8.62% 36.22%

Stock Geographic Breakdown

Weighting Return Low Return High XKYNX % Rank
US
94.56% 20.46% 145.34% 21.26%
Non US
0.00% 0.00% 47.08% 84.25%

Bond Sector Breakdown

Weighting Return Low Return High XKYNX % Rank
Cash & Equivalents
82.60% 4.93% 100.00% 78.57%
Corporate
17.40% 0.00% 95.07% 20.63%
Derivative
0.00% 0.00% 3.84% 6.35%
Securitized
0.00% 0.00% 0.00% 4.76%
Municipal
0.00% 0.00% 0.00% 4.76%
Government
0.00% 0.00% 40.09% 7.94%

Bond Geographic Breakdown

Weighting Return Low Return High XKYNX % Rank
US
0.95% 0.00% 64.85% 13.39%
Non US
0.00% 0.00% 10.06% 9.45%

XKYNX - Expenses

Operational Fees

XKYNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 4.50% 0.40% 45.48% 2.31%
Management Fee 2.64% 0.40% 2.64% 100.00%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.04% 0.25% N/A

Sales Fees

XKYNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 4.50% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

XKYNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 2.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

XKYNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 22.00% 13.00% 439.00% 9.38%

XKYNX - Distributions

Dividend Yield Analysis

XKYNX Category Low Category High XKYNX % Rank
Dividend Yield 0.00% 0.00% 36.43% 19.86%

Dividend Distribution Analysis

XKYNX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Monthly Quarterly

Net Income Ratio Analysis

XKYNX Category Low Category High XKYNX % Rank
Net Income Ratio -1.60% -49.00% 5.74% 89.31%

Capital Gain Distribution Analysis

XKYNX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Dividend Payout History

View More +

XKYNX - Fund Manager Analysis

Managers

John Frey


Start Date

Tenure

Tenure Rank

Nov 25, 2010

9.85

9.9%

J.C. Frey is a managing partner and co-founder for Kayne Anderson Capital Advisors’ energy infrastructure marketable securities group. He is also the co-head of the renewable energy infrastructure group. He is responsible for overseeing more than $7 billion in assets consisting of the equity and debt securities of energy infrastructure companies including MLP/midstream, LNG infrastructure and renewable energy infrastructure companies. Mr. Frey joined the Kayne Anderson in 1997 and has held various positions including research analyst, co-portfolio manager and portfolio manager. He has been the portfolio manager of the largest and longest tenured MLP hedge fund, Kayne Anderson MLP Fund, L.P. (KAMLP), since its inception in 2000. He is co-founding partner of Kayne Anderson Fund Advisors and is responsible for public investments Kayne Anderson MLP Investment Company (NYSE: KYN), the largest publicly traded MLP-focused closed-end fund in the market today and for Kayne Anderson Midstream/Energy Fund (NYSE:KMF). Additionally, Mr. Frey manages several other co-mingled partnerships and separate accounts on behalf of a distinguished list of high net worth, family office and institutional clients. Prior to joining Kayne Anderson, Mr. Frey was an audit manager in KPMG Peat Marwick’s financial services group, specializing in banking and finance clients, and loan securitizations. Mr. Frey is a Certified Public Accountant and earned a B.S. in Accounting from Loyola Marymount University in 1990 and a Master of Taxation from the University of Southern California in 1991.

Kevin McCarthy


Start Date

Tenure

Tenure Rank

Nov 25, 2010

9.85

9.9%

Kevin S. McCarthy is our Chief Executive Officer and he has served as the Chief Executive Officer and co-portfolio manager of Kayne Anderson Energy Total Return Fund Inc. since May 2005, of Kayne Anderson Energy Development Company since September 2006 and of Kayne Anderson Midstream/Energy Fund, Inc. since August 2010. Mr. McCarthy has served as a Senior Managing Director at KACALP since June 2004 and of KAFA since 2006. Prior to that, Mr. McCarthy was global head of energy at UBS Securities LLC. In this role, Mr. McCarthy had senior responsibility for all of UBS’ energy investment banking activities. Mr. McCarthy was with UBS Securities from 2000 to 2004. From 1995 to 2000, Mr. McCarthy led the energy investment banking activities of Dean Witter Reynolds and then PaineWebber Incorporated. Mr. McCarthy began his investment banking career in 1984. Mr. McCarthy earned a BA degree in Economics and Geology from Amherst College in 1981, and an MBA degree in Finance from the University of Pennsylvania’s Wharton School in 1984.

James Baker


Start Date

Tenure

Tenure Rank

Jan 12, 2018

2.72

2.7%

Tenure Analysis

Category Low Category High Category Average Category Mode
0.21 16.6 6.34 10.51