Salient MLP & Energy Infrastructure Fund, Class A
SMAPX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 4265 San Felipe Houston TX United States of America 77027
- IPO Date
- Nov 27, 2012
- CIK
- 0001535174
- Website
- westwoodgroup.com
- Similar Companies
- Business
- Westwood Salient MLP & Energy Infrastructure Fund (SMAPX), Class A is a mutual fund that seeks to maximize total return through capital appreciation and income by investing at least 80% of its net assets in equity securities of master limited partnerships (MLPs) and energy infrastructure companies; these include common units, preferred units, subordinated units, general partner interests, common shares, and preferred shares issued by entities engaged in midstream activities such as the transportation, storage, processing, and marketing of natural gas, natural gas liquids, crude oil, refined products, and related energy commodities. The fund targets North American issuers, with key holdings such as Energy Transfer LP, Kinder Morgan Inc., DT Midstream Inc., The Williams Companies Inc., and MPLX LP, focusing on fee-based assets supporting demand from LNG exports, power generation, and data centers. It operates across the United States, Canada, and broader North American energy markets, serving institutional investors, financial intermediaries, and individual shareholders seeking exposure to energy infrastructure. A series of Ultimus Managers Trust and managed by Westwood Management Corp., a subsidiary of Westwood Holdings Group, Inc., the fund was originally launched as Salient MLP & Energy Infrastructure Fund II in September 2012; prior to May 1, 2016, it operated under the name Salient MLP & Energy Infrastructure Fund II, and it underwent a significant reorganization in September 2022 when Salient Midstream & MLP Fund (NYSE: SMM) merged into it as the surviving entity. Westwood Holdings Group, Inc., founded in 1983 and headquartered at 200 Crescent Court, Suite 1200, Dallas, Texas, with additional offices in Houston, Texas; Oak Brook, Illinois; and San Francisco, California, acquired the asset management business of Salient Partners, L.P. in November 2022 for $35 million upfront plus up to $25 million in deferred payments contingent on revenue targets, thereby rebranding the fund under Westwood and expanding its real assets platform to approximately $18.4 billion in total assets under management. Recent portfolio developments reflect robust midstream sector activity influencing the fund's investments, including heightened mergers and acquisitions totaling over $36 billion year-to-date through September 2025, such as Brookfield's $9 billion purchase of Colonial Pipeline, Sunoco L.P.'s $9.1 billion acquisition of Parkland Corp., and MPLX's purchases of joint venture interests in the BANGL NGL pipeline and Matterhorn Express natural gas pipeline alongside $2.6 billion in private gathering and processing assets. Portfolio manager Gregory A. Reid, President of Real Assets at Westwood, oversees positioning amid AI-driven natural gas demand, with hyperscalers committing $437 billion in capital expenditures and companies like The Williams Companies announcing projects such as the $1.6 billion Socrates behind-the-meter initiative for Meta. The fund participated in the September 2025 initial public offering of WaterBridge Infrastructure, a Permian Basin water services provider, amid two midstream IPOs that year, underscoring ongoing sector expansion and strategic adaptability.