Salient MLP & Energy Infrastructure Fund (SMLPX)

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The chart shows the growth of an initial investment of $10,000 in Salient MLP & Energy Infrastructure Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Salient MLP & Energy Infrastructure Fund (SMLPX) has returned 20.14% so far this year and 19.59% over the past 12 months. Over the last decade, SMLPX has posted an annualized return of 12.19%, slightly higher than the S&P 500 Index benchmark’s 12.16%.

Based on dividend-adjusted daily data since Sep 20, 2012, SMLPX's average daily return is +0.04%, while the average monthly return is +0.77%. At this rate, your investment would double in approximately 7.5 years.

Historically, 58% of months were positive and 42% were negative. The best month was Apr 2020 with a return of +24.4%, while the worst month was Mar 2020 at -33.9%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.

On a daily basis, SMLPX closed higher 51% of trading days. The best single day was Mar 24, 2020 with a return of +11.9%, while the worst single day was Mar 9, 2020 at -18.1%.

Salient MLP & Energy Infrastructure Fund has an annualized alpha of -1.45%, beta of 0.90, and R² of 0.38 versus S&P 500 Index. Calculated based on daily prices since September 21, 2012.

• This fund participated in 107.33% of S&P 500 Index downside but only 85.82% of its upside — more exposed to losses than it benefited from rallies.
• R² of 0.38 means the benchmark explains less than half of this fund's behavior — treat beta with caution or consider switching to a more representative benchmark.

SMLPX has a high expense ratio of 1.35%, indicating above-average management fees.

SMLPX ranks 49 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.

The table below present risk-adjusted performance metrics for Salient MLP & Energy Infrastructure Fund (SMLPX) and compare them to a chosen benchmark (S&P 500 Index).

Salient MLP & Energy Infrastructure Fund provided a 3.74% dividend yield over the last twelve months, with an annual payout of $0.46 per share. The fund has been increasing its distributions for 3 consecutive years.

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.

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.

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 1137 trading sessions.

The current Salient MLP & Energy Infrastructure Fund drawdown is 1.05%.

The chart below shows the rolling one-month volatility.