Salient MLP & Energy Infrastructure Fund (SMLPX)
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.
Fund Info
US90386K7202
79471L602
Sep 18, 2012
$1,000,000
Mid-Cap
Value
Expense Ratio
SMLPX has a high expense ratio of 1.35%, indicating above-average management fees.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Salient MLP & Energy Infrastructure Fund (SMLPX) returned 1.42% year-to-date (YTD) and 23.42% over the past 12 months. Over the past 10 years, SMLPX returned 2.82% annually, underperforming the S&P 500 benchmark at 10.85%.
SMLPX
1.42%
0.92%
-3.29%
23.42%
14.84%
20.13%
2.82%
^GSPC (Benchmark)
0.51%
6.15%
-2.00%
12.92%
12.68%
14.19%
10.85%
Monthly Returns
The table below presents the monthly returns of SMLPX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 3.70% | 1.46% | 0.47% | -6.98% | 3.14% | 1.42% | |||||||
| 2024 | -0.64% | 4.73% | 7.09% | 0.58% | 2.83% | 3.07% | 2.10% | 3.77% | 0.11% | 3.27% | 12.57% | -5.87% | 37.87% |
| 2023 | 4.93% | -3.70% | -0.96% | 0.83% | -2.44% | 6.98% | 3.99% | -0.68% | -0.66% | -0.93% | 6.55% | 0.00% | 14.07% |
| 2022 | 3.69% | 6.42% | 8.32% | -2.34% | 5.25% | -13.70% | 11.57% | 1.19% | -10.49% | 12.31% | 4.25% | -6.53% | 17.26% |
| 2021 | 4.91% | 3.76% | 3.55% | 3.76% | 4.71% | 4.57% | -5.09% | -1.53% | 4.89% | 6.47% | -6.58% | -0.61% | 24.08% |
| 2020 | -4.11% | -9.00% | -33.88% | 24.38% | 6.94% | -2.85% | -1.56% | 2.10% | -11.27% | -0.67% | 19.61% | 4.76% | -17.25% |
| 2019 | 14.98% | -0.16% | 4.17% | -1.87% | -2.76% | 3.25% | -2.46% | -3.35% | 2.06% | -3.88% | -0.77% | 7.63% | 16.36% |
| 2018 | 1.84% | -12.49% | -4.20% | 6.57% | 5.83% | 0.92% | 3.90% | 0.32% | -1.89% | -7.71% | -1.54% | -9.30% | -18.10% |
| 2017 | -1.08% | -0.21% | 1.55% | -1.96% | -6.35% | 0.60% | 3.11% | -4.08% | 2.21% | -5.29% | -0.93% | 6.12% | -6.80% |
| 2016 | -11.30% | -2.95% | 10.79% | 15.58% | 5.51% | 4.20% | 0.69% | 4.46% | 6.87% | -4.76% | 6.02% | 3.34% | 42.15% |
| 2015 | -4.42% | 5.98% | -0.30% | 4.46% | -2.41% | -4.64% | -5.96% | -9.80% | -18.16% | 8.89% | -11.22% | -14.92% | -43.94% |
| 2014 | 1.19% | 1.72% | 0.69% | 3.62% | 4.92% | 10.31% | -3.26% | 8.27% | -4.35% | -4.03% | -5.13% | -4.25% | 8.57% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 79, SMLPX is among the top 21% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Salient MLP & Energy Infrastructure Fund (SMLPX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
Salient MLP & Energy Infrastructure Fund provided a 4.51% dividend yield over the last twelve months, with an annual payout of $0.46 per share. The fund has been increasing its distributions for 5 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.46 | $0.46 | $0.45 | $0.32 | $0.32 | $0.32 | $0.32 | $0.39 | $0.50 | $0.59 | $0.61 | $0.58 |
Dividend yield | 4.51% | 4.48% | 5.75% | 4.38% | 4.92% | 5.82% | 4.54% | 6.21% | 6.09% | 6.31% | 8.63% | 4.37% |
Monthly Dividends
The table displays the monthly dividend distributions for Salient MLP & Energy Infrastructure Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.12 | $0.00 | $0.00 | $0.12 | $0.23 | |||||||
| 2024 | $0.00 | $0.12 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.12 | $0.00 | $0.46 |
| 2023 | $0.00 | $0.08 | $0.00 | $0.00 | $0.09 | $0.00 | $0.05 | $0.12 | $0.00 | $0.00 | $0.12 | $0.00 | $0.45 |
| 2022 | $0.00 | $0.08 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.08 | $0.00 | $0.32 |
| 2021 | $0.00 | $0.08 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.08 | $0.00 | $0.32 |
| 2020 | $0.00 | $0.08 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.08 | $0.00 | $0.32 |
| 2019 | $0.00 | $0.08 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.08 | $0.00 | $0.32 |
| 2018 | $0.00 | $0.12 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.08 | $0.00 | $0.39 |
| 2017 | $0.00 | $0.12 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.12 | $0.00 | $0.50 |
| 2016 | $0.15 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.59 |
| 2015 | $0.15 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.61 |
| 2014 | $0.14 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.58 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Salient MLP & Energy Infrastructure Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Salient MLP & Energy Infrastructure Fund was 73.06%, occurring on Mar 18, 2020. Recovery took 1112 trading sessions.
The current Salient MLP & Energy Infrastructure Fund drawdown is 8.40%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -73.06% | Sep 2, 2014 | 1396 | Mar 18, 2020 | 1112 | Aug 19, 2024 | 2508 |
| -17.59% | Jan 22, 2025 | 54 | Apr 8, 2025 | — | — | — |
| -9.53% | Dec 2, 2024 | 13 | Dec 18, 2024 | 17 | Jan 15, 2025 | 30 |
| -8.08% | Oct 18, 2012 | 19 | Nov 15, 2012 | 31 | Jan 2, 2013 | 50 |
| -7.11% | May 22, 2013 | 23 | Jun 24, 2013 | 83 | Oct 21, 2013 | 106 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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