| Overview |
as of 6/30/10 |
| Symbol |
KYE |
| Exchange |
NYSE |
| Inception Date |
6/28/2005 |
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| NAV updates1 |
Thursdays &
month end |
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| Total Assets |
$1,112 million |
| Leverage |
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| Quarterly Distribution2 ($/share) |
$0.48 |
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| Objective
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| KYE is a closed-end fund that invests principally in equity and debt securities of companies in the energy industry, such as energy-related master limited partnerships (MLPs), U.S. and Canadian royalty trusts and income trusts (collectively, “royalty trusts”), marine transportation companies, and coal companies. KYE’s objective is to obtain a high total return with an emphasis on current income. |
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| Investment Merits
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| Diversified Portfolio of Energy Investments |
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KYE targets a diversified investment portfolio across multiple energy sub-sectors – MLPs, royalty trusts, marine transportation and coal companies. This multi-sector strategy allows KYE to reduce the portfolio’s volatility. |
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| Positive Long-Term Outlook for Energy Industry |
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Global demand for energy continues to increase, largely driven by global population increases and continued growth from developing economies. KYE believes that demand growth will increase the need for additional energy infrastructure assets and create growth opportunities for KYE’s portfolio investments |
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| Attractive Fund Structure |
– KYE issues a Form 1099 (as opposed to K-1s issued by MLPs).
– Suitable for IRAs, foundations and tax-exempt accounts, because unlike direct holdings in MLPs, KYE does not generate unrelated business taxable income (UBTI)
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