SMLPX: Salient MLP & Energy Infrastructure Fund - MutualFunds.com
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Trending ETFs

Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$6.44

-

4.92%

$0.32

1.30%

Vitals

YTD Return

17.1%

1 yr return

32.2%

3 Yr Avg Return

-2.4%

5 Yr Avg Return

-0.4%

Net Assets

$674 M

Holdings in Top 10

54.3%

52 WEEK LOW AND HIGH

$6.50
$4.45
$7.16

Expenses

OPERATING FEES

Expense Ratio 1.30%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 260.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund

Investment Style

Energy Limited Partnership


Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$6.44

-

4.92%

$0.32

1.30%

SMLPX - Profile

Distributions

  • YTD Total Return 17.1%
  • 3 Yr Annualized Total Return -2.4%
  • 5 Yr Annualized Total Return -0.4%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.55%
DIVIDENDS
  • Dividend Yield 4.9%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Salient MLP & Energy Infrastructure Fund
  • Fund Family Name
    Salient Funds
  • Inception Date
    Sep 19, 2012
  • Shares Outstanding
    85846564
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Frank (Ted) Gardner

Fund Description

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.


SMLPX - Performance

Return Ranking - Trailing

Period SMLPX Return Category Return Low Category Return High Rank in Category (%)
YTD 17.1% -2.9% 61.2% 87.50%
1 Yr 32.2% -42.8% 84.6% 84.47%
3 Yr -2.4%* -43.5% 5.4% 30.15%
5 Yr -0.4%* -32.1% 4.5% 30.33%
10 Yr N/A* -21.9% 6.1% N/A

* Annualized

Return Ranking - Calendar

Period SMLPX Return Category Return Low Category Return High Rank in Category (%)
2020 -22.0% -76.6% 319.9% 34.90%
2019 11.2% -10.0% 18.9% 20.47%
2018 -22.2% -41.7% -10.9% 63.56%
2017 -12.2% -59.9% -1.4% 46.67%
2016 31.3% -10.3% 459.2% 17.35%

Total Return Ranking - Trailing

Period SMLPX Return Category Return Low Category Return High Rank in Category (%)
YTD 17.1% -2.9% 61.2% 87.50%
1 Yr 32.2% -42.8% 84.6% 83.83%
3 Yr -2.4%* -43.5% 5.4% 24.84%
5 Yr -0.4%* -32.1% 4.5% 22.38%
10 Yr N/A* -21.9% 6.1% N/A

* Annualized

Total Return Ranking - Calendar

Period SMLPX Return Category Return Low Category Return High Rank in Category (%)
2020 -22.0% -76.6% 215.7% 31.54%
2019 11.2% -87.2% 18.9% 19.69%
2018 -22.2% -83.3% -9.4% 76.27%
2017 -12.2% -59.9% 0.4% 73.33%
2016 31.3% -10.3% 65.5% 27.55%

NAV & Total Return History


SMLPX - Holdings

Concentration Analysis

SMLPX Category Low Category High SMLPX % Rank
Net Assets 674 M 2.23 M 5.03 B 31.88%
Number of Holdings 56 9 145 18.42%
Net Assets in Top 10 373 M 5.09 K 4.14 B 31.58%
Weighting of Top 10 54.28% 38.7% 100.0% 77.93%

Top 10 Holdings

  1. Energy Transfer LP 7.84%
  2. Cheniere Energy Inc 7.24%
  3. Plains GP Holdings LP Class A 6.20%
  4. Enbridge Inc 5.85%
  5. ONEOK Inc 5.70%
  6. MPLX LP Partnership Units 5.59%
  7. Targa Resources Corp 5.58%
  8. Kinder Morgan Inc Class P 5.55%
  9. Enterprise Products Partners LP 5.18%
  10. Inter Pipeline Ltd 4.86%

Asset Allocation

Weighting Return Low Return High SMLPX % Rank
Stocks
98.88% 48.68% 135.61% 62.50%
Cash
1.12% -38.90% 4.23% 32.89%
Preferred Stocks
0.00% 0.00% 3.81% 93.42%
Other
0.00% -36.48% 12.49% 73.03%
Convertible Bonds
0.00% 0.00% 5.78% 89.47%
Bonds
0.00% 0.00% 40.86% 93.42%

Stock Sector Breakdown

Weighting Return Low Return High SMLPX % Rank
Energy
84.28% 26.02% 100.00% 75.66%
Technology
6.97% 0.00% 22.75% 5.26%
Utilities
4.11% 0.00% 51.69% 57.89%
Industrials
3.81% 0.00% 16.27% 7.24%
Basic Materials
0.72% 0.00% 6.41% 43.42%
Financial Services
0.11% 0.00% 6.99% 38.82%
Real Estate
0.00% 0.00% 4.25% 90.79%
Healthcare
0.00% 0.00% 0.03% 88.82%
Communication Services
0.00% 0.00% 4.39% 88.82%
Consumer Defense
0.00% 0.00% 1.07% 88.82%
Consumer Cyclical
0.00% 0.00% 0.19% 88.82%

Stock Geographic Breakdown

Weighting Return Low Return High SMLPX % Rank
US
77.88% 44.65% 135.30% 64.47%
Non US
21.00% 0.00% 53.05% 38.16%

SMLPX - Expenses

Operational Fees

SMLPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.30% 0.35% 13.30% 71.43%
Management Fee 0.95% 0.00% 2.64% 44.29%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.04% 0.25% N/A

Sales Fees

SMLPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 2.25% N/A

Trading Fees

SMLPX 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.

SMLPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 260.00% 8.00% 314.43% 96.77%

SMLPX - Distributions

Dividend Yield Analysis

SMLPX Category Low Category High SMLPX % Rank
Dividend Yield 4.92% 0.00% 1.99% 91.67%

Dividend Distribution Analysis

SMLPX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Monthly Quarterly

Net Income Ratio Analysis

SMLPX Category Low Category High SMLPX % Rank
Net Income Ratio 1.55% -25.67% 6.88% 25.60%

Capital Gain Distribution Analysis

SMLPX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Dividend Payout History

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SMLPX - Fund Manager Analysis

Managers

Frank (Ted) Gardner


Start Date

Tenure

Tenure Rank

Sep 19, 2012

8.95

9.0%

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.

Gregory Reid


Start Date

Tenure

Tenure Rank

Sep 19, 2012

8.95

9.0%

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.44 17.52 7.12 11.43