Duff & Phelps Select MLP and Midstream Energy Fund is a closed-end management investment company. The Fund's investment objective is to seek total return resulting from a combination of tax-deferred distributions and capital appreciation. The Fund invests at least 80% of its Managed Assets in energy master limited partnerships (MLPs) and midstream energy companies that are not organized as MLPs. The Fund may invest up to 20% of its Managed Assets in securities of issuers either: in the energy sector and that are not midstream energy companies; or that produce products for the use of companies in the energy sector such as sand miners, certain chemical companies, and coking coal processors. The DSE average annual return since 2014 is shown above.
The Average Annual Return on the DSE average annual return since 2014 page and across the coverage universe of our site,
is a measure of the annualized return over the past ten years (or specified start date) for a given investment
(up to the end of prior trading session recorded). Arguably, choosing ten years for a measurement
period is on the one hand completely arbitrary, but on the other hand provides a sufficiently long window
to capture long-term trends.
Thus, researching Average Annual Returns is good practice for investors — whether DSE average annual return since 2014 or other benchmarks/peers
— and when doing so it is also important to factor in dividends, because a financial instrument's annualized return is
more than just the change in price if that instrument pays a dividend or coupon. Our website aims to empower investors
by performing the DSE average annual return calculation with any dividends reinvested as applicable (on ex-dates).
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