• Salient MLP & Energy Infrastructure Fund

Salient Funds

  • US
  • MLPs

Salient MLP & Energy Infrastructure Fund

SMFPX

Summary

The fund seeks to maximize total return by investing in companies across any size in the United States.

The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

The strategy looks to invest in securities of midstream master limited partnerships and midstream energy infrastructure companies.

Next, the investment team considers MLPs that principally own and operate assets used in energy logistics such as transporting, storing, gathering, processing, distributing or marketing of natural gas, natural gas liquids, More

Price

Last Close

$7.56 ( -0.09 )

52 Week HL

$8.03 - $6.05

Net Assets

$720.17 M

Expense Ratio

Sector Allocation

May 31, 2021

Top 10 Holdings

May 31, 2021

Company Name

  • Energy Transfer,
  • Cheniere Energy,
  • Pembina Pipeline
  • The Williams
  • Kinder Morgan,

Holding

  • 6.86
  • 6.70
  • 6.63
  • 6.16
  • 5.60

Company Name

  • MPLX, L.P.
  • TC Energy
  • Enbridge, Inc.
  • ONEOK, Inc.
  • Plains GP
  • Total

Holding

  • 5.33
  • 5.01
  • 4.91
  • 4.81
  • 4.37
  • 56.38%

Manager

Name

Gregory A. Reid

Leadership

Single Manager

Tenure

2003

Advisor

Documents

Prospectus

Fact Sheet

Q4 2021

Q3 2021

Q2 2021

Annual Reports

Website

Link

Performance

YTD

18.8 %

3 Year

6.41%

5 Year

-4.65%

Best

18.79%
2022

Worst

-44.49%
2015

Returns +
Quarterly

2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012
Q1 18.8% 11.1% -43% 19.3% -14.8% - -4.8% 0.7% 2.4% - -
Q2 1.4% 12.4% 27% -3.7% 14.8% -7.9% 25.4% -3% 18.7% -0.3% -
Q3 - -5.1% -11.8% -5.2% 3.2% 0.9% 13.3% -34.7% -0.8% -1.4% -
Q4 - -6% 22.8% 1.5% -19.5% -0.7% 4.1% -12.9% -13% 10.8% -

Returns +
Monthly

J F M A M J J A S O N D
2022 2.3% 1.4% 14.5% 0.5% -2.9% - - - - - - -
2021 6.7% 0.9% 3.2% 3.8% 3.6% 4.6% -5.2% -2.6% 2.8% 9.7% -8.5% -1.5%

+
Annual

    2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012
    0%29%16%29%-6%19%8%-1%14%29%0%

Alpha

2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012
SMFPX 19%17%-22%12%--8%--45%5%--
S&P 500 -29%16%29%-6%19%8%-1%14%29%-
Alpha 19%-12%-37%-16%--27%--44%-9%--

SMFPX S&P 500

Chart +