Salient Midstream & MLP (SMM)

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6.08 -0.58  -8.71% NYSE Feb 9, 12:59 Delayed 2m USD
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SMM Price Chart

SMM Key Stats

Expense Ratio (11-30-14) 2.44%
Assets Under Management (2-5-16) 151.35M
30-Day Average Volume (2-8-16) 206518.6
Net Asset Value (2-5-16) 8.54
Discount or Premium to NAV (2-5-16) -9.02%
Turnover Ratio (11-30-14) 46.39%

SMM Asset Allocation

Type % Net % Long % Short
Cash 4.13% 4.13% 0.00%
Stock 95.78% 95.78% 0.00%
Bond 0.00% 0.00% 0.00%
Convertible 0.09% 0.09% 0.00%
Preferred 0.00% 0.00% 0.00%
Other 0.00% 0.00% 0.00%
As of Aug. 31, 2015

SMM Region Exposure

Americas 94.56%
North America 94.56%
Latin America 0.00%
Greater Europe 5.44%
United Kingdom 1.66%
Europe Developed 3.79%
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 Aug. 31, 2015
Region breakdown data is calculated by using the long position holdings of the portfolio.

SMM Stock Sector Exposure

Basic Materials 0.66%
Communication Services 0.00%
Consumer Cyclical 0.00%
Consumer Defensive 0.00%
Energy 82.09%
Financial Services 0.00%
Healthcare 0.00%
Industrials 12.61%
Real Estate 1.38%
Technology 0.00%
Utilities 3.26%
As of Aug. 31, 2015

SMM Stock Market Capitalization

Giant 4.67%
Large 26.76%
Medium 19.74%
Small 21.18%
Micro 4.25%
As of Aug. 31, 2015
View More Holdings

SMM Top 10 Holdings

Symbol Name % Weight Price % Chg
-- Salient Smm Corp Fund 19.19% -- --
EPD Enterprise Products Partners LP 7.88% 20.30 -4.83%
ETE Energy Transfer Equity LP 7.08% 4.205 +3.83%
WMB Williams Companies Inc 6.43% 11.23 +0.63%
KMI Kinder Morgan, Inc. 4.67% 14.60 -2.18%
MIC Macquarie Infrastructure Corp 3.88% 55.00 -3.68%
MMP Magellan Midstream Partners, L.P. 3.73% 58.85 -4.70%
EEQ Enbridge Energy Management LLC 3.55% 15.38 -2.72%
NGL NGL Energy Partners LP 2.94% 7.44 -12.37%
AM Antero Midstream Partners LP 2.51% 19.39 -5.04%
As of Aug. 31, 2015
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SMM Basic Info

Style
Equity Style Mid Cap/Blend
Broad Asset Class Sector Equity
Broad Category Equity
Category Name Energy Limited Partnership
Prospectus Objective Specialty - Natural Resources
Fund Owner Firm Name Salient Capital Advisors, LLC

SMM Manager Info

Name Tenure
Frank (Ted) Gardner 3.60 yrs
Gregory Reid 3.60 yrs

SMM Risk Info

Beta 1.511
Max Drawdown (All) 80.80%
Historical Sharpe (10y) --
Historical Sortino (All) -0.6101
30-Day Rolling Volatility 101.7%
Daily Value at Risk (VaR) 1% (All) 6.16%
Monthly Value at Risk (VaR) 1% (All) 28.17%

SMM Fundamentals

Dividend Yield TTM (2-9-16) 0.97%
Weighted Average PE Ratio 20.71
Weighted Average Price to Sales Ratio 0.9507
Weighted Average Price to Book Ratio 2.227
Weighted Median ROE 18.86%
Weighted Median ROA 3.39%
Forecasted Dividend Yield 7.05%
Forecasted PE Ratio 25.37
Forecasted Price to Sales Ratio 0.5362
Forecasted Price to Book Ratio 1.553
Number of Holdings 41
As of Aug. 31, 2015

SMM Growth Estimates

Forecasted 5 Yr Earnings Growth 9.93%
Forecasted Book Value Growth 9.76%
Forecasted Cash Flow Growth 16.19%
Forecasted Earnings Growth 22.07%
Forecasted Revenue Growth 14.84%
As of Aug. 31, 2015

SMM Performance

  Returns Total Returns
1M -21.65% -21.65%
3M -52.43% -51.07%
6M -59.37% -57.32%
1Y -70.12% -67.59%
3Y -68.50% -61.42%
5Y -- --
As of Feb. 5, 2016

SMM Net Flows

1M 0.00
3M -5.592M
6M -11.03M
YTD 0.00
1Y -22.54M
3Y -42.27M
5Y --
As of Jan. 31, 2016

SMM Comparables

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SMM Attributes

Key Dates
Inception Date 5/25/2012
Last Annual Report Date 11/30/2014
Last Prospectus Date 12/31/2013
Attributes
Exchange Traded Share No
Exchange Traded Note No
Enhanced Index Fund No
Index Fund No
Inverse Fund No
Leveraged Fund Yes
Fund of Funds No
Currency Hedged Fund No
Synthetic Replication Fund No
Has Dividend Investment Plan Yes
General Availability
Available for Insurance Product No
Available for Retirement Plan No
Available for RRSP No

SMM Excel Add-In Codes

  • Name: =YCI("SMM","name")
  • Broad Asset Class: =YCI("SMM", "broad_asset_class")
  • Broad Category: =YCI("SMM", "broad_category_group")
  • Prospectus Objective: =YCI("SMM", "prospectus_objective")

To find the codes for any of our financial metrics, see our Complete Reference of Metric Codes.

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