Salient MLP & Energy Infrastructure Fund II Class I (SMLPX)

Net Asset Value
1 Day
Overall Morningstar Rating
Energy limited partnership
Style or Category
No Load
Sales Expenses
Expense Ratio
Morningstar Risk Rating™
Investment Objective The investment seeks to provide a high level of total return with an emphasis on making quarterly cash distributions to its shareholders. 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-9.03% 3 years--
3 months-6.36% 5 years--
1 year+28.40% Since inception+29.31%
Data through --

Peer Comparisonvs. Energy limited partnership

Performance 5-yr return----
Expense ratio2.40%5.31%
Risk 5 year sharpe ratio----
Net assets$1.4B$1.3B
Average market cap$8.0B--
Average P/E32.5--
Portfolio turnover64%64%

There are thousands of mutual funds to choose from. Get Money Magazine’s picks in all major categories.

Fund Management and Purchase Info

Fund familySalient Funds
Fund manager & tenureGregory Reid / 2 Years
Minimal initial investment$1,000,000.00
Minimum IRA investment--


U.S. stock85.74%
International stock8.08%
Fixed income1.28%
Top 5 Sectors
Portfolio weighting
Business service --
Consumer goods --
Consumer service --
Energy --
Financial service --
Top 10 Holdings
Portfolio weighting
WMB Williams Companies Inc9.01%
TRGP Targa Resources Corp6.98%
KMI Kinder Morgan, Inc.4.92%
PAGP Plains GP Holdings LP Class A4.82%
KMR Kinder Morgan Management LLC4.81%
SEMG Semgroup Corp4.00%
ENLC EnLink Midstream LLC3.90%
SE Spectra Energy Corp3.89%
OKE ONEOK Inc3.82%
NYLD NRG Yield Inc3.64%

To view my watchlist

Not a member yet?

Sign up now for a free account
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.