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SMRPX Salient MLP & Energy Infrastructure R6

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Fund SMRPX Salient MLP & Energy Infrastructure R6 ENFR Alerian Energy Infrastructure ETF ATMP Barclays ETN+ Select MLP  
Similarity
?
100% 86% 90%
Annual Fees
?
$118.34
(1.12% Exp. Ratio)
$68.68
(0.65% Exp. Ratio)
$100.38
(0.95% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 5.67% annual return
$37,256.39 $42,951.98 $39,226.67
Est. savings over 30 yrs +$5,695.59 +$1,970.28
Return
As of 11/30/16
1 YR RETURN 17.04%
3 YR -4.10%
5 YR --
10 YR --
1 YR RETURN 25.68%
3 YR 0.11%
5 YR --
10 YR --
1 YR RETURN 21.01%
3 YR -0.49%
5 YR --
10 YR --
Description
The investment seeks to provide a high level of total return with an emphasis on making quarterly cash distributions to its shareholders. 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.
The investment seeks investment results that correspond (before fees and expenses) generally to the price and yield performance of its underlying index, the Alerian Energy Infrastructure Index. The underlying index is a composite of North American energy infrastructures engaged in the pipeline transportation, storage, and processing of energy commodities. The fund will normally invest at least 90% of its total assets in securities that comprise the underlying index. It is non-diversified.
The investment seeks to replicate, net of expenses, the Atlantic Trust Select MLP Index. The index seeks to capture returns that may be available from investing in a basket of direct or indirect interests in master limited partnerships (“MLPs”), limited liability companies (“LLCs”) and corporations (collectively, “MLP Interests”) that are selected pursuant to the Atlantic Trust Select MLP Strategy.

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The fees, balance and savings information above are estimated numbers, based on the data FeeX had at the day of publication, but may not be accurate due to incomplete or erroneous data.

The best choice is based on a combined analysis of lowest fees and highest similarity to the original fund.

Similarity

FeeX's similarity algorithm analyzes over 15 investment characteristics like investment category, asset allocation, strategy, geographical allocation and more. FeeX gives each its own weight and calculates the similarity of any two investments based on a scale of 0 to 100%. Funds with a similarity ranking of 85% and higher are considered "similar".

Yes, funds and ETFs charge fees

Deep within every fund you own lies a hidden fee called expense ratio. It takes away a set % of your savings each and every year. It can often be easily reduced by switching to similar investments with lower expense ratios.

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