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Salient MLP & Energy Infrastructure Fund Class I (SMLPX)

7.95
Net Asset Value
-0.38%
1 Day
-14.33%
Year-to-Date
Overall Morningstar Rating
Energy limited partnership
Style or Category
No Load
Sales Expenses
1.26%
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.

Performance

1 month+5.78% 3 years-7.03%
3 months-2.75% 5 years+1.38%
1 year-5.38% Since inception+0.53%
Data through --

Peer Comparisonvs. Energy limited partnership

 SMLPXCategory
Performance 5-yr return+1.38%-0.40%
Expense ratio1.26%2.21%
Risk 5 year sharpe ratio0.110.06
Net assets$1.3B$794.6M
Average market cap$9.8B$9.3B
Average P/E32.421.2
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--

Holdings

U.S. stock87.88%
International stock11.32%
Cash0.44%
Other0.36%
Fixed income0.00%
Top 5 Sectors
Portfolio weighting
Business service --
Consumer goods --
Consumer service --
Energy --
Financial service --
Top 10 Holdings
Portfolio weighting
WMB Williams Companies8.33%
OKE ONEOK Inc7.24%
KMI Kinder Morgan6.91%
TEGP Tallgrass Energy GP LP6.57%
TRGP Targa Resources Corp5.29%
MIC Macquarie Infrastructure Corp5.06%
EEQ Enbridge Energy Management LLC4.77%
ENLC EnLink Midstream LLC4.54%
-- 4.34%
PAGP Plains GP Holdings LP4.02%