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Products & Performance | Closed-End Funds | Duff & Phelps Select Energy MLP Fund (DSE)

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Daily Price (as of 8/26/2016)

NAV Per Share: 7.51
Closing Market Price: 7.73
Premium/Discount: 2.93%

Key Stats (as of 8/26/2016)

Inception: 6/25/2014
Ticker: DSE
CUSIP: 26433F108
Net Assets: $195,457,699
Total Managed Assets: $268,457,699

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Duff & Phelps Select Energy MLP Fund

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Contact your financial representative for more information.

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Investment Opportunity

The Fund's investment objective is to seek a high level of total return resulting from a combination of current tax-deferred distributions, growth of distributions, and capital appreciation. The Fund invests at least 80% of its managed assets in select energy Master Limited Partnerships (MLPs) which offer exposure to the ongoing energy renaissance and the reshaping of the U.S. energy economy. MLPs have historically generated attractive risk-adjusted returns, and may provide a potential hedge against inflation and rising interest rates.

Management Team

David D. Grumhaus, Jr.

David D. Grumhaus, Jr.
Duff & Phelps Investment Management
Industry start date: 1989
Start date with Fund: 2014

Charles Georgas, CFA

Charles Georgas, CFA
Duff & Phelps Investment Management
Industry start date: 1988
Start date with Fund: 2014

Performance (as of 7/29/2016)

Net Asset Value (NAV)
YTD One Year Five Years Ten Years Since Inception
25.73% -25.33% NA NA -28.19%
Market Price
YTD One Year Five Years Ten Years Since Inception
40.38% -21.54% NA NA -29.00%

Net Asset Value vs. Market Price 

Net Asset Value (NAV) represents the total value of all assets held by the Fund (minus its total liabilities), divided by the total number of common shares outstanding. The net asset value returns reflect the performance of the manager. Market price is the price at which investors may purchase or sell shares of the Fund. Market price is determined in the open market by buyers and sellers, based on supply and demand. The Fund’s Market Price fluctuates throughout the day and may differ from its underlying NAV. Shares of the Fund may trade at a premium (higher than) or a discount (lower than) to NAV. This characteristic is a risk separate and distinct from the risk that the Fund’s net asset value could decline. The Fund has no control over the market price. The difference between the market price and the NAV (Premium/Discount) is expressed as a percentage of NAV. Average annual total return is the annual compound return for the indicated period. It reflects the change in share price and the reinvestment of all dividends and capital gains. 


The Duff & Phelps Select Energy MLP Fund is a closed-end fund traded on the New York Stock Exchange (Symbol DSE). Shares must be purchased through a professional financial advisor.

Shares of closed-end investment companies such as the fund trade in the market above, at, and below net asset value. This characteristic is a risk separate and distinct from the risk that the fund’s net asset value could decline. The fund is not able to predict whether its shares will trade above, below, or at net asset value in the future.

There can be no assurance that the fund will achieve its investment objectives.

This information does not represent an offer, or the solicitation of an offer, to buy or sell securities of the Fund.

Performance data quoted represents past results. Past performance is no guarantee of future results.

Contact your financial representative for more information, or email or call for service at 1-866-270-7598.



Fund Risks

Equity Securities: The market price of equity securities may be adversely affected by financial market, industry, or issuer-specific events. Focus on a particular style or on small or medium-sized companies may enhance that risk.

MLPs: Investments in Master Limited Partnerships may be adversely impacted by tax law changes, regulation, or factors affecting underlying assets.

Leverage: When a fund leverages its portfolio, the value of its shares may be more volatile and all other risks may be compounded.

Energy Sector Concentration: The fund's investments are concentrated in the energy sector and may present more risks than if the fund were broadly diversified over numerous sectors of the economy.

Market Price/NAV: At the time of purchase and/or sale, an investor's shares may have a market price that is above or below the fund's NAV, which may increase the investor's risk of loss.