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-7.75% 3 years-11.90%
3 months-8.75% 5 years-3.14%
1 year-15.57% Since inception-0.52%
Data through --

Peer Comparisonvs. Energy limited partnership

Performance 5-yr return-3.14%-0.05%
Expense ratio1.26%1.72%
Risk 5 year sharpe ratio-0.03-0.07
Net assets$1.2B$773.0M
Average market cap$9.2B$9.5B
Average P/E30.519.9
Portfolio turnover32%32%

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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. stock89.14%
International stock11.17%
Fixed income0.91%
Top 5 Sectors
Portfolio weighting
Business service --
Consumer goods --
Consumer service --
Energy --
Financial service --
Top 10 Holdings
Portfolio weighting
WMB Williams Companies7.62%
OKE ONEOK Inc7.12%
KMI Kinder Morgan6.22%
TRGP Targa Resources Corp6.22%
TEGP Tallgrass Energy GP LP6.09%
MIC Macquarie Infrastructure Corp5.73%
SEMG SemGroup Corp5.67%
ENLC EnLink Midstream LLC4.86%
PAGP Plains GP Holdings LP4.82%
EEQ Enbridge Energy Management LLC4.44%