Salient Midstream & MLP (SMM)

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11.79 -0.03  -0.25% NYSE Aug 26, 20:00 Delayed 2m USD
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SMM Key Stats

Expense Ratio 2.72%
Share Class Assets Under Management 234.65M
30-Day Average Daily Volume Upgrade
Net Asset Value 13.20
Discount or Premium to NAV -10.73%
Turnover Ratio 28.64

SMM Asset Allocation

Type % Net % Long % Short
Cash 11.75% 11.75% 0.00%
Stock 88.19% 89.43% 1.23%
Bond 0.00% 0.00% 0.00%
Convertible 0.06% 0.06% 0.00%
Preferred 0.00% 0.00% 0.00%
Other 0.00% 0.00% 0.00%
As of Feb. 29, 2016

SMM Net Fund Flows

1M 0.00
3M -5.484M
6M -10.99M
YTD -10.99M
1Y -22.02M
3Y -48.95M
5Y --
10Y --
As of July 31, 2016

SMM Net Share Class Flows

1M 0.00
3M -5.484M
6M -10.99M
YTD -10.99M
1Y -22.02M
3Y -48.95M
5Y --
10Y --
As of July 31, 2016

SMM Region Exposure

Americas 91.19%
North America 91.19%
Latin America 0.00%
Greater Europe 8.81%
United Kingdom 3.88%
Europe Developed 4.93%
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 100.00%
% Emerging Markets 0.00%
As of Feb. 29, 2016
Region breakdown data is calculated by using the long position holdings of the portfolio.

SMM Stock Sector Exposure

Basic Materials 0.00%
Communication Services 0.00%
Consumer Cyclical 0.00%
Consumer Defensive 0.00%
Energy 81.79%
Financial Services 0.00%
Healthcare 0.00%
Industrials 14.31%
Real Estate 0.00%
Technology 0.00%
Utilities 3.90%
As of Feb. 29, 2016

SMM Stock Market Capitalization

Giant 0.00%
Large 0.00%
Medium 39.78%
Small 32.07%
Micro 17.57%
As of Feb. 29, 2016

SMM Stock Style Exposure

Large Cap Value 0.00%
Large Cap Blend 0.00%
Large Cap Growth 0.00%
Mid Cap Value 26.57%
Mid Cap Blend 17.91%
Mid Cap Growth 0.00%
Small Cap Value 38.16%
Small Cap Blend 15.79%
Small Cap Growth 1.56%
As of Feb. 29, 2016
View More Holdings

SMM Top 10 Holdings

Symbol Name % Weight Price % Chg
OKE ONEOK Inc 9.78% 46.98 -0.09%
WMB Williams Companies Inc 9.37% 27.83 -0.14%
EEQ Enbridge Energy Management LLC 9.20% 23.36 +0.04%
PAGP Plains GP Holdings LP Class A 7.71% 11.57 +1.22%
TRGP Targa Resources Corp 5.02% 43.54 +0.62%
MIC Macquarie Infrastructure Corp 4.72% 80.54 -1.12%
ETP Energy Transfer Partners LP 4.01% 39.91 +0.03%
VTTI VTTI Energy Partners LP 3.47% 18.96 +0.58%
GMLP Golar LNG Partners LP 3.45% 18.97 +1.55%
NGL NGL Energy Partners LP 3.26% 17.82 +0.51%
As of Feb. 29, 2016
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One Page Reports

SMM Basic Info

Style
Equity Style Small Cap/Value
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 3.85 yrs
Gregory Reid 3.85 yrs

SMM Risk Info

Beta 1.526
Max Drawdown (All) 81.82%
Historical Sharpe (10Y) --
Historical Sortino (All) -0.0341
30-Day Rolling Volatility 28.77%
Daily Value at Risk (VaR) 1% (All) 6.62%
Monthly Value at Risk (VaR) 1% (All) 28.20%

SMM Fundamentals

Dividend Yield TTM (8-26-16) 0.43%
Weighted Average PE Ratio 11.54
Weighted Average Price to Sales Ratio 0.2962
Weighted Average Price to Book Ratio 1.125
Weighted Median ROE 6.91%
Weighted Median ROA 0.05%
Forecasted Dividend Yield 17.62%
Forecasted PE Ratio 13.96
Forecasted Price to Sales Ratio 0.3952
Forecasted Price to Book Ratio 0.8129
Number of Holdings 34
As of Feb. 29, 2016

SMM Growth Estimates

Forecasted 5 Yr Earnings Growth 6.25%
Forecasted Book Value Growth 1.18%
Forecasted Cash Flow Growth 7.05%
Forecasted Earnings Growth 24.23%
Forecasted Revenue Growth -10.01%
As of Feb. 29, 2016

SMM Performance

  Returns Total Returns
1M -0.84% 1.21%
3M 11.86% 14.18%
6M 66.29% 75.14%
1Y -28.37% -18.56%
3Y -47.04% -31.38%
5Y -- --
As of Aug. 24, 2016

SMM Comparables

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SMM Attributes

Key Dates
Inception Date 5/25/2012
Last Annual Report Date 11/30/2015
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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