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Salient MLP & Energy Infrastructure Fund Class I (SMLPX)

Net Asset Value
1 Day
Overall Morningstar Rating
Energy limited partnership
Style or Category
No Load
Sales Expenses
Expense Ratio
Above Average
Morningstar Risk Rating™
Investment Objective The investment seeks to maximize total return (capital appreciation and income). The fund normally seeks to achieve its investment objective by investing at least 80% of its net assets (plus the amount of borrowings, if any, for investment purposes) in securities of MLPs and Energy Infrastructure Companies. It invests in equity securities such as common units, preferred units, subordinated units, general partner interests, common shares and preferred shares in MLPs and Energy Infrastructure Companies. The fund is non-diversified.


1 month-2.53% 3 years-12.05%
3 months-3.77% 5 years+1.04%
1 year-4.79% Since inception+1.82%
Data through --

Peer Comparisonvs. Energy limited partnership

Performance 5-yr return+1.04%-0.40%
Expense ratio1.26%2.23%
Risk 5 year sharpe ratio0.180.09
Net assets$1.4B$917.0M
Average market cap$8.9B$9.9B
Average P/E30.622.1
Portfolio turnover----

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Fund Management and Purchase Info

Fund familySalient Funds
Fund manager & tenureGregory Reid / 5 Years
Minimal initial investment$1,000,000.00
Minimum IRA investment--


U.S. stock88.84%
International stock9.64%
Fixed income0.00%
Top 5 Sectors
Portfolio weighting
Business service --
Consumer goods --
Consumer service --
Energy --
Financial service --
Top 10 Holdings
Portfolio weighting
WMB Williams Companies8.38%
KMI Kinder Morgan6.88%
OKE ONEOK Inc6.79%
TEGP Tallgrass Energy GP LP5.89%
PAGP Plains GP Holdings LP5.60%
MIC Macquarie Infrastructure Corp5.48%
TRGP Targa Resources Corp5.04%
EEQ Enbridge Energy Management LLC4.63%
ENLC EnLink Midstream LLC4.62%
-- 4.11%