Objective
The Westwood Salient MLP SMA seeks to maximize total return (capital appreciation and income) by investing in MLPs and energy infrastructure companies.
Philosophy & Approach
| Separately Managed Account | $100,000 |
| QTD | YTD | 1-Yr Annualized | 3-Yrs Annualized | 5-Yrs Annualized | 10-Yrs Annualized | Since Inception | |
|---|---|---|---|---|---|---|---|
| MLP Separately Managed Account Net of Fees | 7.12 | 19.96 | 32.10 | 20.23 | 11.07 | 1.87 | 10.90 |
| Alerian Energy TR Index | 3.35 | 17.71 | 35.79 | 22.74 | 12.17 | 2.03 | 8.66 |
| Alerian Midstream Energy TR Index | 5.42 | 16.12 | 26.68 | 16.55 | 11.33 | 3.73 | N/A |
The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. For performance data current to the most recent month end, please call +1 (877) FUND-WHG.
*YTD figure is calculated as of the most recent month end.
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For purposes of compliance with the GIPS® standards, the firm (“Westwood” or the “Firm”) is defined as the assets of Westwood Management Corp. (“WMC”) and Westwood Advisors, L.L.C. (“Westwood Advisors”). WMC and Westwood Advisors are wholly owned subsidiaries of Westwood Holdings Group, Inc. (NYSE: WHG). WMC and Westwood Advisors are both SEC registered investment advisers under the Investment Advisers Act of 1940. WMC provides investment advisory services, primarily managing equity and fixed income portfolios, and Westwood Advisors provides investment advisory services, primarily to individual clients and entities as part of Westwood’s Wealth Management division. Registration does not imply a certain level of skill or training. On February 1, 2018, Westwood redefined the Firm by adding the assets of Westwood Advisors so that all SEC registered investment advisers under WHG would be included in the Firm definition. Policies for valuing portfolios, calculating performance, and preparing compliant presentations are available upon request, as is a complete list and description of the Firm’s composites, by contacting [email protected].
Westwood Management Corp. claims compliance with the Global Investment Performance Standards (GIPS®). Unless otherwise stated, performance shown is in U.S. Dollars.
For illustrative purposes only. Strategy returns compiled by Westwood Management Corp. Returns are from the Westwood Salient MLP SMA Composite (“Composite”) and reflect the reinvestment of dividends, interest and other earnings. Individual results may vary in the Westwood Salient MLP SMA Strategy based upon the following factors: (i) individual account asset management fee and (ii) when the investor enters and exits investment in the Westwood Salient MLP SMA Strategy.
The performance metrics shown in the charts above are calculated using the inception date of the Westwood Salient MLP SMA Strategy (January 2006). The indices reflect the reinvestment of dividends and income and do not include deductions for fees, expenses or taxes. The indices are unmanaged and not available for direct investment.
Past performance is not indicative of future results. Percentages have been rounded to two decimal places for illustrative purposes. No investment strategy can guarantee performance results.
The Alerian Midstream Energy Total Return Index (AMNAX) is the benchmark index for the Strategy. The benchmark for the Strategy changed 1/1/2019 from the Alerian MLP Total Return Index (AMZX). The AMNAX is a comprehensive midstream index that reflects the investable universe of midstream securities as it is agnostic to corporate structure. The AMZX is used in addition to the AMNAX in order to provide further market sector performance comparisons to exchange-traded energy related partnerships. Prior to 1/31/19 the S&P MLP Index (SPMLP) was used in addition to the AMZX in order to provide further market sector performance comparisons.
The Alerian Midstream Energy Total Return Index (AMNAX) is a broad-based composite of North American energy infrastructure companies.
Alerian MLP Total Return Index (AMZX) is a composite of energy MLPs.
