Name
As of 09/13/2022Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
N/A
1 yr return
N/A
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$162 M
Holdings in Top 10
79.8%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 2.97%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 155.52%
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Closed-end mutual fund
Name
As of 09/13/2022Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
XSMMX - Profile
Distributions
- YTD Total Return N/A
- 3 Yr Annualized Total Return N/A
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 1.87%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameSalient Midstream & MLP Fund
-
Fund Family NameSalient Capital Advisors, LLC
-
Inception DateMay 25, 2012
-
Shares Outstanding17722448
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerGregory Reid
Fund Description
XSMMX - Performance
Return Ranking - Trailing
Period | XSMMX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | N/A | -8.9% | 29.4% | 22.73% |
1 Yr | N/A | -19.4% | 32.0% | 72.09% |
3 Yr | N/A* | -3.7% | 34.8% | 68.75% |
5 Yr | N/A* | -12.2% | 32.7% | 76.99% |
10 Yr | N/A* | -12.9% | 11.8% | 88.89% |
* Annualized
Return Ranking - Calendar
Period | XSMMX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | N/A | -11.1% | 56.2% | 22.48% |
2022 | 30.5% | -6.1% | 24.6% | 43.86% |
2021 | -38.4% | -24.8% | 46.7% | 73.45% |
2020 | 6.0% | -4.4% | 5.2% | 38.24% |
2019 | -26.8% | -7.3% | -1.8% | 81.25% |
Total Return Ranking - Trailing
Period | XSMMX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | N/A | -7.0% | 30.4% | 22.73% |
1 Yr | N/A | -19.4% | 32.5% | 72.09% |
3 Yr | N/A* | -3.7% | 29.4% | 63.28% |
5 Yr | N/A* | -12.2% | 33.7% | 79.46% |
10 Yr | N/A* | -12.9% | 15.2% | 95.08% |
* Annualized
Total Return Ranking - Calendar
Period | XSMMX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | N/A | -11.1% | 56.2% | 23.26% |
2022 | 30.5% | -6.1% | 24.6% | 85.09% |
2021 | -38.4% | -24.8% | 46.7% | 93.81% |
2020 | 9.5% | -12.8% | 5.2% | 62.75% |
2019 | -21.7% | -7.3% | -1.8% | 92.71% |
NAV & Total Return History
XSMMX - Holdings
Concentration Analysis
XSMMX | Category Low | Category High | XSMMX % Rank | |
---|---|---|---|---|
Net Assets | 162 M | 22 M | 6.81 B | 72.87% |
Number of Holdings | 42 | 1 | 175 | 40.65% |
Net Assets in Top 10 | 130 M | 0 | 5.88 B | 70.73% |
Weighting of Top 10 | 79.82% | 39.8% | 110.0% | 14.66% |
Top 10 Holdings
- Emg Utica Offshore Co-Investment Lp 19.15%
- Emg Utica Offshore Co-Investment Lp 19.15%
- Emg Utica Offshore Co-Investment Lp 19.15%
- Emg Utica Offshore Co-Investment Lp 19.15%
- Emg Utica Offshore Co-Investment Lp 19.15%
- Emg Utica Offshore Co-Investment Lp 19.15%
- Emg Utica Offshore Co-Investment Lp 19.15%
- Emg Utica Offshore Co-Investment Lp 19.15%
- Emg Utica Offshore Co-Investment Lp 19.15%
- Emg Utica Offshore Co-Investment Lp 19.15%
Asset Allocation
Weighting | Return Low | Return High | XSMMX % Rank | |
---|---|---|---|---|
Stocks | 127.90% | 53.33% | 133.88% | 1.64% |
Other | 8.13% | -36.30% | 8.13% | 0.82% |
Preferred Stocks | 0.00% | 0.00% | 4.73% | 63.93% |
Convertible Bonds | 0.00% | 0.00% | 5.29% | 57.38% |
Bonds | 0.00% | 0.00% | 44.12% | 59.84% |
Cash | -36.03% | -58.21% | 13.09% | 99.18% |
Stock Sector Breakdown
Weighting | Return Low | Return High | XSMMX % Rank | |
---|---|---|---|---|
Energy | 92.97% | 29.76% | 100.00% | 62.30% |
Utilities | 6.32% | 0.00% | 48.96% | 26.23% |
Industrials | 0.71% | 0.00% | 10.08% | 13.93% |
Technology | 0.00% | 0.00% | 19.24% | 70.49% |
Real Estate | 0.00% | 0.00% | 14.30% | 58.20% |
Healthcare | 0.00% | 0.00% | 0.00% | 57.38% |
Financial Services | 0.00% | 0.00% | 0.66% | 59.02% |
Communication Services | 0.00% | 0.00% | 5.06% | 58.20% |
Consumer Defense | 0.00% | 0.00% | 0.82% | 57.38% |
Consumer Cyclical | 0.00% | 0.00% | 13.46% | 62.30% |
Basic Materials | 0.00% | 0.00% | 6.40% | 78.69% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | XSMMX % Rank | |
---|---|---|---|---|
US | 101.82% | 48.92% | 130.59% | 9.02% |
Non US | 26.08% | 0.00% | 35.96% | 7.38% |
XSMMX - Expenses
Operational Fees
XSMMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 2.97% | 0.35% | 8.56% | 8.20% |
Management Fee | 1.20% | 0.35% | 1.38% | 79.84% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.04% | 0.15% | N/A |
Sales Fees
XSMMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 4.50% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
XSMMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | N/A | N/A | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
XSMMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 155.52% | 6.00% | 248.00% | 89.57% |
XSMMX - Distributions
Dividend Yield Analysis
XSMMX | Category Low | Category High | XSMMX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 9.15% | 93.02% |
Dividend Distribution Analysis
XSMMX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly | Annually | Monthly | Monthly |
Net Income Ratio Analysis
XSMMX | Category Low | Category High | XSMMX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.87% | -6.38% | 9.57% | 15.83% |
Capital Gain Distribution Analysis
XSMMX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
May 30, 2019 | $0.171 | OrdinaryDividend |
Feb 27, 2019 | $0.171 | OrdinaryDividend |
Nov 29, 2018 | $0.171 | OrdinaryDividend |
Aug 30, 2018 | $0.171 | OrdinaryDividend |
May 30, 2018 | $0.171 | OrdinaryDividend |
Feb 27, 2018 | $0.244 | OrdinaryDividend |
Nov 29, 2017 | $0.244 | OrdinaryDividend |
Aug 31, 2017 | $0.244 | OrdinaryDividend |
May 31, 2017 | $0.244 | OrdinaryDividend |
Feb 28, 2017 | $0.244 | OrdinaryDividend |
Nov 30, 2016 | $0.244 | OrdinaryDividend |
Aug 31, 2016 | $0.244 | OrdinaryDividend |
May 31, 2016 | $0.325 | OrdinaryDividend |
Feb 29, 2016 | $0.325 | OrdinaryDividend |
Nov 30, 2015 | $0.369 | OrdinaryDividend |
Aug 28, 2015 | $0.368 | OrdinaryDividend |
May 29, 2015 | $0.367 | OrdinaryDividend |
Feb 27, 2015 | $0.366 | OrdinaryDividend |
Jan 28, 2015 | $0.197 | ExtraDividend |
Nov 28, 2014 | $0.362 | OrdinaryDividend |
Aug 29, 2014 | $0.354 | OrdinaryDividend |
May 30, 2014 | $0.350 | OrdinaryDividend |
Feb 28, 2014 | $0.347 | OrdinaryDividend |
Nov 29, 2013 | $0.344 | OrdinaryDividend |
Aug 29, 2013 | $0.342 | OrdinaryDividend |
May 29, 2013 | $0.337 | OrdinaryDividend |
Feb 28, 2013 | $0.332 | OrdinaryDividend |
Dec 03, 2012 | $0.327 | OrdinaryDividend |
Aug 22, 2012 | $0.322 | OrdinaryDividend |
XSMMX - Fund Manager Analysis
Managers
Gregory Reid
Start Date
Tenure
Tenure Rank
May 25, 2012
10.02
10.0%
President, Salient MLP Complex Houston Gregory A. Reid is a partner and president of Salient’s MLP Complex. Prior to joining Salient, Greg was a founder and CEO of RDG Capital, LLC, a Houston-based asset management firm specializing in MLP investments. RDG was acquired by Salient in 2011. Prior to that, he served as senior vice president of Merrill Lynch. Greg began his career in the financial services industry with Goldman Sachs. Greg earned an undergraduate degree from Texas A&M University and later graduated from Northwestern University’s J.L. Kellogg Graduate School of Management with an MBA. Greg is a member of the Austin Chapter of Young Presidents’ Organization (YPO) and is very active in his community through his involvement in various charitable organizations.
Frank (Ted) Gardner
Start Date
Tenure
Tenure Rank
May 25, 2012
10.02
10.0%
Frank T. Gardner III, CFA (Ted Gardner) serves as Portfolio Manager. Prior to joining Salient in early 2011, Mr. Gardner was a Portfolio Manager and Director of Research for RDG Capital from 2010 to 2011. Prior to RDG, Mr. Gardner was a Portfolio Manager for Telemus Capital Partners from 2007 to 2010. Prior to joining Telemus, he was an MLP research analyst for Raymond James Equity Research from 2004 to 2007. During his tenure at Raymond James, he followed 35 public MLPs and initiated coverage on 22 MLPs in the midstream, maritime, coal and refining industries. He was also actively involved in due diligence related to Raymond James’ investment banking transactions. Prior to joining Raymond James, Mr. Gardner was a financial advisor at UBS Financial Services. Mr. Gardner earned a Bachelor of Business Administration degree from The University of Texas at Austin and an MBA from the University of St. Thomas. He is also a CFA Charterholder.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 15.78 | 7.65 | 12.18 |