SMLPX – Westwood Salient MLP & Engy Infras Inst Investment Strategy | Morningstar

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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.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
SMLPX	Westwood Salient Mlp & Energy Infrastructure Fund Institutional Shares	Institutional	Open			Sep 19, 2012	$1.16B	1.080%	High	$100,000	−$117.63M
SMAPX	Westwood Salient Mlp & Energy Infrastructure Fund A Class Shares	Front Load	Open			Dec 21, 2012	$179.87M	1.320%	Above Average	$1,000	−$13.17M
SMFPX	Westwood Salient Mlp & Energy Infrastructure Fund C Class Shares	Level Load	Open			Jan 8, 2013	$12.40M	2.090%	Above Average	$1,000	−$7.73M
SMRPX	Westwood Salient Mlp & Energy Infrastructure Fund Ultra Fund	Retirement, Large	Open			Jan 4, 2016	$243,090.00	0.990%	Above Average	$1M	−$147,491.27

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