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

10.40
Net Asset Value
+0.48%
1 Day
-21.75%
Year-to-Date
Overall Morningstar Rating
Energy limited partnership
Style or Category
No Load
Sales Expenses
1.16%
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.

Performance

1 month-12.16% 3 years--
3 months-21.68% 5 years--
1 year-32.11% Since inception+11.23%
Data through --

Peer Comparisonvs. Energy limited partnership

 SMLPXCategory
Performance 5-yr return--+8.51%
Expense ratio1.16%3.99%
Risk 5 year sharpe ratio--0.79
Net assets$1.8B$950.4M
Average market cap$8.5B$10.4B
Average P/E24.524.1
Portfolio turnover----

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Fund Management and Purchase Info

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

Holdings

U.S. stock92.93%
International stock5.93%
Cash1.13%
Fixed income0.00%
Other0.00%
Top 5 Sectors
Portfolio weighting
Business service --
Consumer goods --
Consumer service --
Energy --
Financial service --
Top 10 Holdings
Portfolio weighting
KMI Kinder Morgan8.71%
WMB Williams Companies7.73%
TRGP Targa Resources Corp6.81%
PAGP Plains GP Holdings LP6.52%
SEMG SemGroup Corp5.14%
SE Spectra Energy Corp5.08%
OKE ONEOK Inc4.93%
ENLC EnLink Midstream LLC4.50%
EEQ Enbridge Energy Management LLC4.47%
MIC Macquarie Infrastructure Corp3.01%

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