KYE - Energy Total Return Fund

Fact Sheet

Overview
as of 3/31/12
Symbol
KYE
Exchange
NYSE
Inception Date
6/28/2005
NAV updates1
Thursdays &
month end
Total Assets
$1,406 million
Leverage
Quarterly Distribution2 ($/share)
$0.48
% of portfolio assets with Call Options
2.1% 
Objective

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 income trusts (collectively, "income trusts"), marine transportation companies, and coal companies. KYE's objective is to obtain a high total return with an emphasis on current income.

Investment Merits
Diversified Portfolio of Energy Investments

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.

Positive Long-Term Outlook for Energy Industry

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.

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).

Portfolio
as of 3/31/12
[image]
Top 10 Holdings
as of 3/31/12
Kinder Morgan Management, LLC
12.4%
Enbridge Energy Management, L.L.C.
10.0%
Plains All American Pipeline, L.P.
6.2%
Teekay Offshore Partners L.P.
4.3%
Golar LNG Partners LP
3.4%
The Williams Companies, Inc.
2.8%
Navios Maritime Partners, L.P.
2.4%
Crescent Point Energy Corp.
2.3%
Capital Product Partners L.P.
2.3%
Kinder Morgan, Inc.
2.2%
48.3%

For the full portfolio, please see the Schedule of Investments in our most recent quarterly or annual report

Quarterly Distributions per Share
[image]

View the complete Distribution History for KYE.

Tax Character of 2011 Distributions
Capital gains distributions   100%
   

View Forms 1099-DIV and Tax Information for KYE

Total Return (NAV plus distributions)
6/28/05 to 3/31/12
[image]
Share Price and NAV History4
6/28/05 to 3/31/12
[image]
Premium/Discount to NAV4
6/28/05 to 3/31/12
[image]
Calendar Year Returns
as of 3/31/12
 
2006
2007
2008
2009
2010
2011
2012 YTD 
NAV and distributions3
13.8%
22.8%
-52.5%
97.4%
37.5%
2.9%
4.9% 
NAV only
5.9%
15.0%
-57.5%
76.7%
27.4%
-4.4%
4.9% 
Share price and distributions3
34.8%
13.8%
-53.5%
124.4%
36.0%
-6.4%
8.6% 
Share price only
25.5%
6.6%
-58.4%
100.9%
26.0%
-13.1%
8.6% 
Returns (Not annualized)
as of 3/31/12
 
3 Mo.
6 Mo.
1-Yr
2-Yr
3-Yr
5-Yr
Since Inception
NAV and distributions3
4.9%
30.5%
1.4%
39.2%
182.4%
57.5%
98.6%
NAV only
4.9%
25.5%
-5.7%
19.9%
117.6%
1.7%
15.9%
Share price and distributions3
8.6%
18.1%
-6.5%
27.2%
147.3%
59.4%
88.3%
Share price only
8.6%
13.6%
-13.1%
9.5%
90.6%
2.9%
9.9%
Growth of Hypothetical $10,000 Investment
Date
NAV and Distrib
Share Price
and Distrib
Inception (6/28/05)
$10,000
$10,000 
12/31/05
10,209
8,515 
12/31/06
11,614
11,477 
12/31/07
14,267
13,065 
12/31/08
6,778
6,072 
12/31/09
13,381
13,626 
12/31/10
18,397
18,535 
12/31/11
18,933
17,340 
  3/31/12
19,860
18,827 

 

This table illustrates the growth of a hypothetical $10,000 investment in the fund's common shares beginning on the inception date with all distributions reinvested through the Dividend Reinvestment Program (DRIP). Ending values as of the dates shown in the table. Performance does not reflect transaction fees or broker commissions. Past performance is no guarantee of future results.

1) Weekly NAVs are calculated as of close of business on Thursdays and posted to our website on Fridays after the market closes at KYE NAV. Month-end NAVs are issued via press release and posted to the website within a few days of the end of the month.
2) Payable on 4/13/12 (ex-date 4/3/12) for the quarter ended 2/29/12.
3) Assumes that distributions have been reinvested through the Dividend Reinvestment Program (DRIP).
4) NAV and share price shown monthly until 10/31/06 and weekly and at month-end thereafter.

This material shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of the securities in any jurisdiction in which such offer or sale is not permitted. Past performance is not a guarantee of future results. An investment in the fund could suffer loss. Current performance may be lower or higher than that shown based on market fluctuations from the end of the reported period. Before making an investment in the fund, you should consider the investment objective, risks, charges and expenses of the fund, which, together with and other important information are included in the fund's most recent prospectus and other filings with the SEC. There can be no assurance that the fund's investment objectives will be attained. Shares of closed-end funds frequently trade at a market price that is below their net asset value. Leverage creates risks which may adversely affect return, including the likelihood of greater volatility of net asset value and market price of common shares, and fluctuations in dividend rates on any preferred shares.

NOT FDIC INSURED
NOT BANK GUARANTEED
MAY LOSE VALUE

Copyright © 2012 - KA Fund Advisors, LLC - All rights reserved.