Salient MLP & Energy Infrastructure Fund Class I (SMLPX)

7.61
Net Asset Value
-0.26%
1 Day
-6.63%
Year-to-Date
Overall Morningstar Rating
Energy limited partnership
Style or Category
No Load
Sales Expenses
1.22%
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+5.70% 3 years-12.06%
3 months+5.12% 5 years-3.19%
1 year-6.75% Since inception-0.14%
Data through --

Peer Comparisonvs. Energy limited partnership

 SMLPXCategory
Performance 5-yr return-3.19%-4.92%
Expense ratio1.22%1.69%
Risk 5 year sharpe ratio-0.08-0.12
Net assets$1.2B$772.0M
Average market cap$9.6B$9.7B
Average P/E17.020.2
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--

Holdings

U.S. stock84.47%
International stock15.10%
Fixed income0.90%
Cash0.00%
Other0.00%
Top 5 Sectors
Portfolio weighting
Business service --
Consumer goods --
Consumer service --
Energy --
Financial service --
Top 10 Holdings
Portfolio weighting
OKE ONEOK Inc8.34%
WMB Williams Companies7.27%
KMI Kinder Morgan6.17%
TRGP Targa Resources Corp5.71%
PAGP Plains GP Holdings LP5.22%
TEGP Tallgrass Energy GP LP4.69%
-- 4.49%
SEMG SemGroup Corp4.43%
ENLC EnLink Midstream LLC4.34%
-- 4.28%