- Salient MLP & Energy Infrastructure Fund
Salient Funds
- US
- MLPs
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
$7.57 ( -0.07 )
52 Week HL
$8.04 - $6.04
Net Assets
$720.17 M
Expense Ratio
Sector Allocation
May 31, 2021Top 10 Holdings
May 31, 2021Company 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
Performance
YTD
18.1 %
3 Year
1.22%
5 Year
-2.85%
Best
38.5%
2016
Worst
-43.94%
2015
Returns +
Quarterly
| 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Q1 | 17.5% | 11.3% | -43% | 19.6% | -14.6% | 0.3% | -7.1% | 1% | 3.7% | 16.8% | - |
| Q2 | -1.4% | 12.3% | 27.1% | -3.6% | 15% | -7.6% | 25.8% | -2.8% | 19.9% | 1.1% | - |
| Q3 | - | -2.5% | -12.1% | -5.2% | 3.5% | 1.1% | 13.5% | -34.6% | 0.2% | -0.2% | - |
| Q4 | - | -2.8% | 22.5% | 1.4% | -19.3% | -0.4% | 4.4% | -12.8% | -12.8% | 12.1% | - |
Returns +
Monthly
| J | F | M | A | M | J | J | A | S | O | N | D | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2022 | 1.2% | 7.6% | 7.9% | 0.7% | -0.1% | - | - | - | - | - | - | - |
| 2021 | 6.7% | 0.7% | 3.6% | 3.8% | 3.5% | 4.6% | -5.1% | -2.8% | 5.7% | 7% | -8.8% | -0.5% |
+
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SMLPX | 18% | 18% | -22% | 12% | -18% | -7% | 39% | -44% | 9% | 34% | - |
| S&P 500 | - | 29% | 16% | 29% | -6% | 19% | 8% | -1% | 14% | 29% | - |
| Alpha | 18% | -10% | -38% | -16% | -12% | -26% | 30% | -43% | -5% | 4% | - |