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CEF Advisors AICA Event NAVigator Podcast

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Kayne Anderson NextGen Energy & Infrastructure (KMF)

Specialty Equity Funds - MLP Funds

Data as of Sept. 29, 2023
Market Price $7.12 (- $0.16)
NAV (Sept. 29, 2023) $8.26 (- $0.25)
Fund Listed NYSE
Premium / Discount -13.80% (+0.65%)
Fund Info
Inception Nov. 24, 2010
Sponsor KA Fund Advisors
Phone 1-877-657-3863
Location Texas
Incorporated Maryland (Subject to the Maryland Act)
Staggered Board Yes
Term Date N/A
Objective: high total return; securities of Midstream/Energy Sector companies
Related Indexes
15 Major CEF Sectors Index
Equity Income Index
60/40 Balanced (w/ BDCs) Index
Tax-Sensitive Income Index
Master Limited Partnership (MLP) Fund Index
All Sector Equity CEF Index
Capital & Leverage
Outstanding Shares 47,197,462
Total Assets (Reported: May 31, 2023) $511M
Estimated Total Assets $495M
Net Assets $390M
Market Cap $336M
Portfolio Turnover 15.00%
Total Leverage 21.32%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 3.44%
Non Lev Exp Ratio 2.04%
Rel Lev Cost 4.99%
Discount Data
Average Discount (3 Yr) -18.50%
Discount Low(3 Yr) -30.28%
Discount High(3 Yr) -13.68%
Discount Rel Range (3 Yr) 99.28%
Comp Discount -1.29
Discount St Dev (1Yr) 1.42
Z-Stat (6mo) 1.88
Z-Stat (1Yr) 1.97
Z-Stat (3Yr) 1.65
Comp Z-Stat (6mo) 1.10
Comp Z-Stat (3Yr) 0.81
Distribution Data
Market Yield 8.99%
Income Yield 8.99%
Lev Adj NAV Yield 6.39%
Distribution Frequency Q
Current Distribution $0.160
Current Income $0.160
Ex-Date 9/29/23
Payable Date 10/10/23
Div Growth (3yr) 77.78%
Dividend Change 14.3% on 3/30/22
Expected Div 12/14/23
RoC (1yr) 67.06%
RoC (3yr) 73.85%
Tax Dividend Data 2022 2020 - 2022
Income 20.9% 39.4%
ST Gains 0% 0%
QDI 20.9% 16.9%
LT Gains 0% 0%
RoC 79.1% 60.6%
Volume & Liquidity
Average Daily $ (K) $682
Avg Volume 30 day 83,752
Avg Volume 90 day 95,819
Volume Trend -12.59%
Comp Volume Trend -9.57%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
Price Correlation (1yr)
vs. CEFA's Master Limited Partnership (MLP) Fund Index
Most Correlated Peer (Mk Pr): FEI 93.0%
NAV - Price Correlation (30 d) 93.4%
NAV - Price Correlation (90 d) 86.5%
NAV - Price Correlation (1 Yr) 91.4%
Price St Dev (1Yr) 24.9%
NAV St Dev (1Yr) 21.1%
Earnings / Share (5/31/23) $0.005
Earn Coverage 3.00%
Earnings Trend Down
UNII / Share (5/31/23) $-1.123
Rel UNII -175.52
UNII Trend Down
NAV Beta (2yr)
vs. S&P 500 (TR)
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
NAV Beta (2yr)
vs. CEFA's Master Limited Partnership (MLP) Fund Index

DISCLOSURES: makes data for the universe of closed-end funds (CEFs) and business development companies (BDCs) available to its users. This material is not intended to be relied upon as investment advice or recommendations, does not constitute a solicitation to buy or sell securities and should not be considered specific legal, investment or tax advice. This site does not list all the risks associated with each fund. Investors should contact a fund’s sponsor for fund-specific risk information and/or contact a financial advisor before investing.

NOTES: Distribution type sourced from For specific information about a fund's distribution sources, visit the fund sponsor's website.

The following information applies to closed-end funds and business development companies in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds and business development companies frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

This material is presented for informational purposes only. Under no circumstances is it to be considered an offer to sell, or a solicitation to buy any investment referred to on this page. While the information contained herein is from sources believed reliable, we do not represent that it is accurate or complete and it should not be relied upon as such. Past performance is not necessarily indicative of future results. All investments involve risk including the loss of principal. Returns are presented gross of investment management fees and other appropriate fees (i.e. commissions, custodial fees, etc.).

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