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Salient Midstream & MLP Fund  as of 09/21/2020

NYSE / SMM Asset Class:  Energy MLP Funds 1 YR Lipper Avg:  -62.94%

Growth of $10K

Avg Annual Total Return %
  10 YR 5 YR 1 YR YTD
Market Return -- -19.37% -51.19% -50.88%
Lipper Pct. Rank -- 22 10 5
NAV Return -- -15.88% -42.10% -42.14%
Lipper Pct. Rank -- 25 10 10
Premium/Discount History

Premium/Discount
10 YR Avg 5 YR Avg YTD Avg
-- -12.142% -17.360%

NAV $5.16 Market Price $3.63
Net Change -$0.11 Market Change -$0.10
Premium/Discount -29.65%
1 YR NAV Return -42.096%
1 YR NAV Rank 10
12-Mo Yield as of 8/31/2020 Yield Def
Income Only Yield 0.00%
Distribution Yield (Market) 11.32%
Most Recent Income Dividend $0.060
Ex-Div Date 8/17/2020
Most Recent Cap Gain Dividend $0.141
Ex-Div Date 11/15/2019
Dividend Frequency Quarterly
YTD Dividends $0.291
YTD Capital Gains --
Inception Date 5/24/2012
Fund Advisor Salient Capital Advisors LLC
Manager & Tenure Gardner since 2012
Reid since 2012
Phone 800-809-0525
Website www.salientpartners.com
Total Net Assets (mil) as of 8/31/2020 $99.2
% Leveraged Assets as of 11/30/2019 30.92%
Portfolio Turnover 45.00%
Mgmt Fees 1.823%
Expense Ratio 3.490%
Fund Objective
The Fund seeks providing high level of total return with an emphasis on making quarterly cash distributions to its Common Shareholders. It seeks to achieve its objective by investing at least 80% of its total assets in securities of Midstream Companies and MLPs. It may invest in equity or debt securities of MLPs.
Top Holdings (as of 6/30/2020)
Pembina Pipeline Corp ORD 11.03%
Enbridge Inc ORD 9.51%
Williams Companies Inc ORD 8.40%
Enterprise Products Partners LP 7.55%
Plains GP Holdings LP ORD 6.95%
Equitrans Midstream Corp ORD 6.19%
ONEOK Inc ORD 5.88%
TC Energy Corp ORD 5.79%
Energy Transfer LP 5.58%
Keyera Corp ORD 5.29%
Top Sectors (as of 6/30/2020)
Oil & Gas 77.33%


Resources

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