Nasdaq - Delayed Quote USD

Westwood Salient MLP & Engy Infras Inst (SMLPX)

8.78 +0.03 (+0.34%)
At close: 8:00 PM EDT

Fund Summary

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.

Westwood Salient MLP & Engy Infras Inst

Cincinnati, OH 45246
225 Pictoria Drive, Suite 450

Fund Overview

Category Energy Limited Partnership
Fund Family Westwood
Net Assets 965.42M
YTD Return 11.42%
Yield 5.64%
Morningstar Rating
Inception Date Sep 19, 2012

Fund Operations

Last Dividend 0.12
Last Cap Gain -80.00
Holdings Turnover 91.00%
Average for Category --

Fees & Expenses

Expense SMLPX Category Average
Annual Report Expense Ratio (net) 1.02% 1.56%
Prospectus Net Expense Ratio 1.02% --
Prospectus Gross Expense Ratio 1.02% --
Max 12b1 Fee -- --
Max Front End Sales Load -- 5.44%
Max Deferred Sales Load -- 1.00%
3 Yr Expense Projection 0 --
5 Yr Expense Projection 0 --
10 Yr Expense Projection 0 --

Management Information

Parag Sanhani, CFA serves as Portfolio Manager. Parag Sanghani is a Managing Director and Portfolio Manager at Salient for various energy infrastructure strategies. Mr. Sanghani has over 15 years of experience in the financial services industry focused on energy investments. Prior to joining Salient in April of 2011, he served as the Senior MLP analyst at Telemus Capital Partners from 2008 to 2009. Mr. Sanghani previously held a Senior Research Associate position at Raymond James Financial, Inc. from 2004 to 2006. At Raymond James, Mr. Sanghani published detailed research reports on the energy industry and followed companies within the oil service and coal sectors. Mr. Sanghani graduated from the University of Texas at Austin with a Bachelor of Business Administration in Finance and earned a Masters in Finance from London Business School. He is a CFA® charterholder and a member of CFA Society of Houston. In addition, Mr. Sanghani is registered with the Financial Industry Regulatory Authority as a Securities Representative

Morningstar Style Box

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Morningstar Category

While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

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