SMAPX Performance — Westwood Salient MLP & Energy Infrastructure Fund, A Class
Data updated: 2026-09-28
SMAPX returned +23.00% year to date and +23.37% over one year to Jul 2026. Over one year the fund trailed its Energy Equity category average: $100 grew to $123, against $134 for the category. Volatility over the past 12 months was 13.87% a year. In the 12 months to Jul 2026 the fund lost a net $90.3M, and assets reached $1.42B.
SMAPX Growth of $100
What $100 invested in Westwood Salient MLP & Energy Infrastructure Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Energy Equity category average over the same months.
| Period | SMAPX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $123 | $134 |
| 3 years (Aug 2023 – Jul 2026) | $124 | $179 |
| Since data start (Oct 2022 – Jul 2026) | $107 | $215 |
SMAPX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +23.00% |
| 1 year | +23.37% |
3- and 5-year figures withheld: disagrees with sibling classes.
SMAPX Annual Returns
Calendar-year total returns of Westwood Salient MLP & Energy Infrastructure Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +23.00% |
| 2025 | +0.76% |
| 2024 | +12.26% |
| 2023 | −21.04% |
| 2022 (Oct–Dec) | −2.78% |
SMAPX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +7.6% | +8.7% | +1.9% | +3.0% | −3.5% | +2.3% | +1.5% | — | — | — | — | — |
| 2025 | −0.5% | +1.5% | +0.4% | −6.9% | +3.3% | +3.3% | −0.2% | 0.0% | +1.6% | −5.0% | +4.9% | −1.0% |
| 2024 | −4.6% | +0.5% | +2.7% | +0.6% | +2.8% | +3.1% | +2.1% | +3.8% | 0.0% | +3.4% | +8.1% | −9.7% |
| 2023 | +1.7% | −6.6% | −4.1% | −2.0% | −5.4% | +3.8% | +0.7% | −3.7% | −3.7% | −3.8% | +3.4% | −3.1% |
| 2022 | — | — | — | — | — | — | — | — | — | +6.0% | +1.1% | −9.3% |
SMAPX Risk
Risk measures from monthly returns over Aug 2025 – Jul 2026.
- 1-year volatility (annualised): 13.87%
- Best month: +8.67% (Feb 2026)
- Worst month: −4.98% (Oct 2025)
SMAPX Fund Flows
Monthly money in and out of Westwood Salient MLP & Energy Infrastructure Fund, from SEC Form N-PORT.
- 12-month net flow: −$90.3M
- 12-month gross sales (incl. reinvestments): $179.0M
- Sales ÷ redemptions: 0.66×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $7.2M | $13.6M | −$6.4M |
| Jun 2026 | $10.5M | $13.9M | −$3.4M |
| May 2026 | $19.3M | $20.7M | −$1.5M |
| Apr 2026 | $13.3M | $21.3M | −$8.0M |
| Mar 2026 | $9.5M | $33.3M | −$23.8M |
| Feb 2026 | $21.1M | $19.9M | $1.2M |
| Jan 2026 | $17.3M | $42.9M | −$25.5M |
| Dec 2025 | $11.9M | $21.6M | −$9.7M |
| Nov 2025 | $21.9M | $16.5M | $5.4M |
| Oct 2025 | $12.7M | $21.2M | −$8.5M |
| Sep 2025 | $12.2M | $15.1M | −$3.0M |
| Aug 2025 | $22.3M | $29.4M | −$7.1M |
SMAPX Assets Under Management
Net assets of Westwood Salient MLP & Energy Infrastructure Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $1.42B |
| 2026-04-30 | $1.44B |
| 2026-01-31 | $1.30B |
| 2025-10-31 | $1.21B |
| 2025-07-31 | $1.28B |
| 2025-04-30 | $1.22B |
| 2025-01-31 | $1.28B |
| 2024-10-31 | $1.15B |
| 2024-09-30 | $1.11B |
| 2024-06-30 | $1.04B |
| 2024-03-31 | $965.51M |
| 2023-12-31 | $892.92M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.