Salient MLP & Energy Infrastructure C (SMFPX)
6.51
-0.21 (-3.12%)
USD |
Sep 26 2022
Returns Chart
Key Stats
Customize
| Expense Ratio | Total Assets Under Management | Dividend Yield | Turnover Ratio |
|---|---|---|---|
| 2.30% | 934.37M | 3.75% | 248.0% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized All Time Total Returns (Daily) | Max Drawdown (All) |
| 131.87M | 1.69% | Upgrade | Upgrade |
Basic Info
| Investment Strategy | |
| The investment seeks to maximize total return (capital appreciation and income). The fund normally seeks to achieve its investment objective by investing at least 80% of its net assets (plus the amount of borrowings, if any, for investment purposes) in securities of MLPs and Energy Infrastructure Companies. It invests in equity securities such as common units, preferred units, subordinated units, general partner interests, common shares and preferred shares in MLPs and Energy Infrastructure Companies. The fund is non-diversified. |
| General | |
| Security Type | Mutual Fund |
| Oldest Share Symbol | SMLPX |
| Equity Style | Mid Cap/Value |
| Fixed Income Style | -- |
| Broad Asset Class | Sector Equity |
| Broad Category | Equity |
| Category Name | Energy Limited Partnership |
| Category Index | Morningstar MLP Composite TR USD |
| Prospectus Objective | Specialty - Utility |
| Fund Owner Firm Name | Salient Funds |
| Prospectus Benchmark Index | |
| Alerian Midstream Energy Select TR USD | 100.0% |
| Broad Asset Class Benchmark Index | |
| ^MSWNTR | 100.0% |
| Manager Tenure | |
| Frank (Ted) Gardner | 9.96 yrs |
| Gregory Reid | 9.96 yrs |
| Parag Sanghani | 0.34 yrs |
Net Fund Flows Versus Category
1 Month
% Rank:
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Category High
1 Year
% Rank:
5
131.87M
-340.86M
Category Low
495.03M
Category High
3 Months
% Rank:
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3 Years
% Rank:
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6 Months
% Rank:
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5 Years
% Rank:
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YTD
% Rank:
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10 Years
% Rank:
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As of August 31, 2022
Performance Versus Category
As of September 26, 2022. Returns for periods of 1 year and above are annualized.
Annual Total Returns Versus Peers
As of September 26, 2022.
Asset Allocation
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
| Targa Resources Corp | 9.74% | 58.62 | 2.34% |
| Cheniere Energy Inc | 9.50% | 150.81 | 1.25% |
| Energy Transfer LP | 8.91% | 10.48 | 2.54% |
| Pembina Pipeline Corp | 7.39% | 30.90 | 1.88% |
| Enterprise Products Partners LP | 7.38% | 23.34 | 1.88% |
| Williams Companies Inc | 5.92% | 28.79 | 1.30% |
| Plains GP Holdings LP Class A | 4.37% | 10.67 | 2.11% |
| Keyera Corp | 4.36% | 27.90 | -2.52% |
| ONEOK Inc | 4.25% | 51.63 | 2.08% |
| Enbridge Inc | 4.12% | 37.84 | 1.69% |
Basic Info
| Investment Strategy | |
| The investment seeks to maximize total return (capital appreciation and income). The fund normally seeks to achieve its investment objective by investing at least 80% of its net assets (plus the amount of borrowings, if any, for investment purposes) in securities of MLPs and Energy Infrastructure Companies. It invests in equity securities such as common units, preferred units, subordinated units, general partner interests, common shares and preferred shares in MLPs and Energy Infrastructure Companies. The fund is non-diversified. |
| General | |
| Security Type | Mutual Fund |
| Oldest Share Symbol | SMLPX |
| Equity Style | Mid Cap/Value |
| Fixed Income Style | -- |
| Broad Asset Class | Sector Equity |
| Broad Category | Equity |
| Category Name | Energy Limited Partnership |
| Category Index | Morningstar MLP Composite TR USD |
| Prospectus Objective | Specialty - Utility |
| Fund Owner Firm Name | Salient Funds |
| Prospectus Benchmark Index | |
| Alerian Midstream Energy Select TR USD | 100.0% |
| Broad Asset Class Benchmark Index | |
| ^MSWNTR | 100.0% |
| Manager Tenure | |
| Frank (Ted) Gardner | 9.96 yrs |
| Gregory Reid | 9.96 yrs |
| Parag Sanghani | 0.34 yrs |
Fundamentals
| General | |
| Distribution Yield | Upgrade |
| Dividend Yield TTM (9-26-22) | 3.75% |
| 30-Day SEC Yield (9-21-22) | Upgrade |
| 7-Day SEC Yield | -- |
| Number of Holdings | Upgrade |
| Stock | |
| Weighted Average PE Ratio | 17.39 |
| Weighted Average Price to Sales Ratio | Upgrade |
| Weighted Average Price to Book Ratio | Upgrade |
| Weighted Median ROE | Upgrade |
| Weighted Median ROA | Upgrade |
| Forecasted Dividend Yield | Upgrade |
| Forecasted PE Ratio | Upgrade |
| Forecasted Price to Sales Ratio | Upgrade |
| Forecasted Price to Book Ratio | Upgrade |
As of July 31, 2022
Growth Estimates
Fund Details
| Key Dates | |
| Inception Date | 1/8/2013 |
| Last Annual Report Date | 12/31/2021 |
| Last Prospectus Date | 5/1/2022 |
| Share Classes | |
| SMAPX | A |
| SMLPX | Inst |
| SMRPX | Retirement |
| Attributes | |
| Enhanced Index Fund | No |
| Index Fund | No |
| Inverse Fund | No |
| Leveraged Fund | No |
| Fund of Funds | No |
| Currency Hedged Fund | No |
| Synthetic Replication Fund | No |
| Has Dividend Investment Plan | No |
| Socially Responsible Fund | No |