Salient Midstream & MLP Fund Common (SMM)

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28.67 -0.75  -2.55% NYSE Sep 22, 8:00PM BATS Real time Currency in USD
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SMM Description

Salient Midstream & MLP Fund Common is a long only equity fund managed by Salient Capital Advisors, LLC and has 306.40M USD assets under management. It has an expected distribution yield of 4.91%, a Prospective PE Ratio of 22.77, and a Prospective Price to Book Value of 1.932. The fund has a net expense ratio of 5.14%, turns over its positions 74.87% per year, and is traded on the New York Stock Exchange.

Benchmark Index:

SMM Key Info

Expense Ratio (11-30-13) 5.14%
Assets Under Management (9-22-14) 306.40M
30-Day Average Volume (9-19-14) 40375.40
Net Asset Value (9-22-14) 32.25
Discount or Premium to NAV (9-22-14) -11.11%
Turnover Ratio (11-30-13) 74.87%

SMM Asset Allocation

Type % Net % Long % Short
Cash 9.61% 9.61% 0.00%
Stock 90.39% 90.39% 0.00%
Bond 0.00% 0.00% 0.00%
Convertible 0.00% 0.00% 0.00%
Preferred 0.00% 0.00% 0.00%
Other 0.00% 0.00% 0.00%
As of Feb. 28, 2013

SMM Region Exposure

Americas 97.97%
North America 97.97%
Latin America 0.00%
Greater Europe 2.03%
United Kingdom 2.03%
Europe Developed 0.00%
Europe Emerging 0.00%
Africa/Middle East 0.00%
Greater Asia 0.00%
Japan 0.00%
Australasia 0.00%
Asia Developed 0.00%
Asia Emerging 0.00%
Market Classification
% Developed Markets 100.0%
% Emerging Markets 0.00%
As of Feb. 28, 2013
Region breakdown data is calculated by using the long position holdings of the portfolio.

SMM Stock Sector Exposure

Basic Materials 2.47%
Communication Services 0.00%
Consumer Cyclical 0.00%
Consumer Defensive 0.00%
Energy 86.62%
Financial Services 0.00%
Healthcare 0.00%
Industrials 6.99%
Real Estate 0.00%
Technology 0.00%
Utilities 3.92%
As of Feb. 28, 2013

SMM Stock Market Capitalization

Giant 0.00%
Large 26.10%
Medium 20.44%
Small 20.80%
Micro 5.38%
As of Feb. 28, 2013
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SMM Top 10 Holdings

Name % Weight Price Chg %
Salient Smm Corp Fund 15.97% -- --
Enterprise Products Partners LP 7.14% 40.31 -1.92%
Plains All American Pipeline LP 5.91% 58.01 -2.57%
Williams Companies Inc 5.54% 55.64 -1.38%
Kinder Morgan Management LLC 5.11% 91.59 -1.10%
Kinder Morgan, Inc. 4.05% 37.50 -1.24%
LinnCo LLC 3.79% 29.45 -2.48%
Enbridge Energy Management LLC 3.65% 37.94 -2.27%
Teekay Offshore Partners L.P. 3.61% 34.05 -1.13%
Crosstex Energy, Inc. 3.57% 41.26 -0.19%
As of Feb. 28, 2013
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SMM Risk Info

Beta --
Max Drawdown (5-25-12 to 9-22-14) 17.51%
30 Day Average Volatility 14.58%

SMM Fundamentals

Dividend Yield TTM (9-22-14) 4.91%
Dividend Yield (Prospective) 4.41%
PE Ratio (Prospective) 22.77
PS Ratio (Prospective) 1.263
Price to Book Value (Prospective) 1.932
ROE 14.19%
ROA 4.51%
Number of Holdings 30.00
As of Feb. 28, 2013

SMM Growth Estimates

Forecasted 5 Yr Earnings Growth 9.22%
Forecasted Book Value Growth 6.05%
Forecasted Cash Flow Growth -17.02%
Forecasted Earnings Growth 7.53%
Forecasted Revenue Growth -12.03%
As of Feb. 28, 2013

SMM Performance

  Returns Total Returns
1M -3.04% -3.04%
3M 4.98% 6.27%
6M 20.20% 23.30%
1Y 28.04% 35.30%
3Y -- --
5Y -- --
As of Sept. 22, 2014

SMM Flows

1M -3.166M
3M -3.166M
6M -6.238M
YTD -9.181M
1Y -12.19M
3Y --
5Y --
As of Aug. 31, 2014
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